Disa India Limited (DISAQ)

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Disa India Limited (DISAQ) · mywealthgrid

About

Disa India manufactures industrial products in the Industrials sector. The company operates at moderate scale (₹1,749 Cr market cap) with a stable shareholder base (promoter-held 74.82%, domestic institutions and retail 25.18%). It has maintained regular dividend payments since 2024, indicating consistent cash generation.

Face value: ₹10

Market cap

₹1,687 Cr

P/E

33.5×

P/B

6.1×

Dividend yield

2.7%

ROE

19.7%

ROCE

29.1%

Debt / equity

OPM

15.4%

EPS (TTM)

₹347.7

Book value

₹1,839.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue swings from ₹17–88 Cr per quarter; verify whether order visibility, customer concentration, and contract terms explain volatility
Operating margins collapse in weak quarters (OPM −21.67% Mar 2020, −5.39% Jun 2020); verify fixed-cost structure and breakeven volume relative to current demand
PE ratio 34.69 on ₹1,749 Cr market cap prices in sustained growth; confirm management guidance and addressable market expansion
Share price down 17.77% YoY despite regular dividends; verify whether market repricing reflects sector headwinds or company-specific issues

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) enables capital flexibility for growth investments; verify capex plans and M&A strategy
ROE 19.67% demonstrates capital-deployment efficiency; verify whether reinvestment plans support earnings growth
Operating margins historically range 15–28% depending on volume; current 15.36% reflects fixed-cost absorption at present scale; verify production utilization outlook
PE 34.69 prices in sustained earnings growth; verify order book and customer demand pipeline against this valuation

Generated analysis · source review pending

2,161 historical price candles were omitted because the exchange source has not been verified.

₹11,249.0-4.7%1Y

Quick read

rule-based

Pros

+High return on capital employed of 24.7%
+Revenue CAGR of 15.1% over the last 3 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 146.4×
+Dividend yield of 2.7%
+Dividend payout of 89.3% of profit
+High promoter holding of 74.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 75
Growth: 46

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	185	256	262	329	390
COGS	105	142	149	194	232
Gross profit	81	114	113	134	158
	53	68	78	84	98
Operating profit (EBITDA)	27	46	35	50	60
OPM %	14.8%	18%	13.3%	15.3%	15.4%
Depreciation	4	4	5	5	5
Interest	0	1	1	1	1
	9	10	11	13	14
Profit before tax	32	52	40	58	69
Tax	8	13	10	15	18
Tax %	25.4%	25.6%	26%	25.7%	26.6%
	24	39	30	43	50
PAT margin %	13.1%	15.1%	11.4%	13.1%	12.9%
EPS (₹)	166.1	265.4	204.7	294.9	346.7
EPS adjusted (₹)	166.6	266.1	205.3	295.7	347.7
	6%	3.8%	127%	67.8%	57.7%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	1	1	1	1	1	1
Reserves	—	189	205	218	244	265
	—	0	0	0	0	0
	—	86	131	136	174	170
Total equity & liabilities	—	277	337	355	420	437
	21	20	32	45	44	57
CWIP	—	0	4	0	1	0
Investments	—	0	0	0	0	4
	—	257	301	310	374	376
Total assets	—	277	337	355	420	437

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	68	18	39	56	32
	-78	-19	4	-38	14
	3	-4	-39	-18	-31
Net cash flow	-6	-5	4	0	16
Free cash flow	62	3	24	51	11
CFO / Operating profit %	248.5%	38.7%	111.8%	111.5%	52.8%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	43.5%	44.5%	43.1%	40.9%	40.5%
EBITDA margin %	14.8%	18%	13.3%	15.3%	15.4%
EBIT margin %	12.6%	16.6%	11.6%	13.8%	14.1%
PAT margin %	13.1%	15.1%	11.4%	13.1%	12.9%
Working capital
Receivable days	40	52	64	34	40
Inventory days	102	134	130	159	122
Payable days	80	99	114	87	88
NWC days	62	87	80	106	73
Leverage
Current ratio	2.9	2.3	2.25	2.13	2.02
Debt to EBITDA	0	0	0	0	0
Debt to equity	0	0	0	0	0
Interest coverage	83.9	67.5	64.9	85.9	146.4
Asset turnover	0.67	0.76	0.74	0.78	0.89
Return ratios
Return on assets %	8.7%	11.5%	8.4%	10.2%	11.5%
Return on capital employed %	16.7%	26%	19%	26%	29.1%
Return on equity %	12.7%	18.7%	13.6%	17.4%	18.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%	74.82%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	8.02%	8.02%	8.02%	8.01%	8.06%	8.23%	8.23%	8.25%	8.27%	8.27%	8.27%	8.31%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	17.14%	17.14%	17.14%	17.15%	17.1%	16.93%	16.93%	16.91%	16.89%	16.89%	16.89%	16.85%
No. of shareholders	—	—	—	—	—	—	—	—	4,536	4,590	4,668	4,735

Promoter holding up 0 percentage points since Sep 2023.

9 deals · 28 Oct 2021 – 9 May 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
9 May 2023	SBI MUTUAL FUND	Bulk	BSE	Buy	19,175	₹7,975.00	₹15.29 Cr
9 May 2023	SBI MUTUAL FUND	Bulk	BSE	Sell	19,173	₹7,975.00	₹15.29 Cr
3 May 2023	SBI MUTUAL FUND	Bulk	BSE	Sell	14,347	₹8,000.07	₹11.48 Cr
3 May 2023	SBI MUTUAL FUND	Bulk	BSE	Buy	14,327	₹8,000.00	₹11.46 Cr
28 Oct 2021	SBI MUTUAL FUND	Bulk	BSE	Sell	70,000	₹5,000.00	₹35.00 Cr
28 Oct 2021	SBI MUTUAL FUND	Bulk	BSE	Buy	69,981	₹5,000.00	₹34.99 Cr
28 Oct 2021	IDFC MUTUAL FUND	Bulk	BSE	Sell	50,000	₹5,000.00	₹25.00 Cr
28 Oct 2021	SBI MUTUAL FUND	Bulk	BSE	Buy	27,801	₹5,000.00	₹13.90 Cr
28 Oct 2021	SBI MUTUAL FUND	Bulk	BSE	Buy	19,173	₹5,000.00	₹9.59 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Ms. Deepa Agar HingoraniNon-Executive - Non Independent Director-Chairperson
Mr. Lokesh SaxenaExecutive Director-CEO-MD
Ms. Ulla Hartvig Plathe TonnesenNon-Executive - Non Independent Director
Mr. Ranjan SenNon-Executive - Independent Director
Ms. Malvieka JoshiNon-Executive - Independent Director
Ms. Vidya ViswanathanNon-Executive - Independent Director
Mr. Angadu Mohanakrishnan MuralidharanNon-Executive - Independent Director
Mrs. Vidya JayantChief Financial Officer
Ms. Shrithee M SCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

7.69%

of the company's equity

All mutual funds

8.27%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
Contra Fund	SBI Mutual Fund	1.15 L	138.62	0.29%	7.647%	-0
IB60-Groww Small Cap Fund	Groww Mutual Fund	339	0.41	0.05%	0.023%	-0
IB13-Groww Value Fund	Groww Mutual Fund	248	0.3	0.4%	0.017%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

1 announcementsExport CSV

18 Sept 2026, 2:57 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Disa India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

20

1

Compounded sales growth

Compounded profit growth

Return on equity

Disa India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Dividends20

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

20

1