D-Link (India) Ltd.
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ABOUT
AI Sector View
AI GENERATEDInformation Technology
IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.
PROS
- Company has delivered good profit growth of 28.6% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 31.1%
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.0%
- Company has delivered good sales growth of 17.0% CAGR over last 5 years
CONS
- Dividend payout exceeds earnings (115.5%) - may be unsustainable
- Growth is decelerating - 3Y profit CAGR (6.9%) trails the 5Y trend (28.6%)
- Expensive relative to growth - PEG of 2.1
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLINKINDIA | 433.70 | 14.35 | 1539.85 | 7.72 | 27.61 | 13.26 | 456.96 | 30.50 | 28.82 | 7.61 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 298 | 306 | 292 | 332 | 344 | 335 | 330 | 368 | 348 | 375 | 394 | 442 | 455 | |
| 271 | 276 | 263 | 301 | 316 | 303 | 296 | 336 | 319 | 342 | 359 | 407 | 423 | |
| Operating Profit | 27 | 30 | 28 | 31 | 28 | 33 | 33 | 32 | 29 | 33 | 34 | 35 | 32 |
| OPM % | 8.97% | 9.76% | 9.74% | 9.22% | 8.17% | 9.74% | 10.09% | 8.76% | 8.35% | 8.74% | 8.76% | 7.87% | 7.13% |
| 3 | 3 | 3 | 4 | 5 | 4 | 4 | 6 | 5 | 3 | 3 | 4 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before Tax | 28 | 31 | 30 | 33 | 31 | 35 | 35 | 37 | 32 | 34 | 36 | 36 | 37 |
| Tax % | 25.44% | 25.53% | 25.51% | 25.21% | 25.62% | 24.37% | 25.49% | 25.86% | 25.63% | 26.13% | 25.92% | 25.10% | 25.73% |
| Net Profit | 21 | 23 | 22 | 25 | 23 | 26 | 26 | 27 | 24 | 25 | 27 | 27 | 27 |
| 5.83 | 6.52 | 6.28 | 6.93 | 6.57 | 7.43 | 7.39 | 7.65 | 6.77 | 7.07 | 7.47 | 7.69 | 7.72 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 687 | 626 | 700 | 726 | 711 | 904 | 1,171 | 1,227 | 1,377 | 1,559 | 1,666 | |
| 664 | 611 | 657 | 685 | 672 | 851 | 1,059 | 1,112 | 1,251 | 1,428 | 1,531 | |
| Operating Profit | 23 | 15 | 43 | 40 | 38 | 53 | 113 | 116 | 126 | 131 | 134 |
| OPM % | 3.35% | 2.47% | 6.12% | 5.55% | 5.37% | 5.85% | 9.61% | 9.42% | 9.17% | 8.41% | 8.07% |
| 2 | 2 | -4 | 12 | 6 | 6 | 6 | 13 | 19 | 15 | 15 | |
| Interest | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 4 | 4 | 4 | 5 | 6 | 7 | 7 | 7 |
| Profit before Tax | 23 | 16 | 37 | 48 | 40 | 54 | 113 | 122 | 138 | 139 | 143 |
| Tax % | 34.57% | 33.86% | 36.98% | 28.97% | 26.07% | 25.63% | 25.64% | 25.42% | 25.34% | 25.69% | 25.71% |
| Net Profit | 15 | 10 | 24 | 34 | 29 | 40 | 84 | 91 | 103 | 103 | 106 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 8.26 | 11.40 | 23.75 | 25.56 | 29.02 | 29.00 | — |
| Dividend Payout % | 11.64% | 17.04% | 15.08% | 15.63% | 21.80% | 26.32% | 42.10% | 50.87% | 68.91% | 115.53% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 17%
- 3 Years:
- 10%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 17%
- 5 Years:
- 29%
- 3 Years:
- 7%
STOCK PRICE CAGR
- 10 Years:
- 18%
- 5 Years:
- 26%
- 3 Years:
- 11%
- 1 Year:
- -12%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 22%
- 3 Years:
- 23%
- Last Year:
- 22%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 162 | 171 | 192 | 220 | 246 | 280 | 354 | 408 | 448 | 477 | |
| 12 | 0 | 0 | 5 | 3 | 1 | 6 | 3 | 1 | 9 | |
| Trade Payables | 74 | 119 | 120 | 123 | 150 | 199 | 231 | 241 | 257 | 272 |
| 22 | 26 | 35 | 45 | 58 | 72 | 104 | 137 | 171 | 214 | |
| Total Liabilities | 276 | 323 | 354 | 400 | 464 | 558 | 702 | 797 | 883 | 979 |
| 18 | 17 | 16 | 23 | 20 | 18 | 24 | 22 | 17 | 28 | |
| 16 | 21 | 24 | 39 | 65 | 99 | 110 | 174 | 185 | 153 | |
| 65 | 64 | 83 | 99 | 91 | 98 | 140 | 82 | 77 | 104 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 338 | 365 | 439 | |
| Cash & Bank | 1 | 12 | 7 | 10 | 50 | 38 | 20 | 43 | 60 | 47 |
| 177 | 209 | 224 | 229 | 237 | 305 | 408 | 138 | 179 | 209 | |
| Total Assets | 276 | 323 | 354 | 400 | 464 | 558 | 702 | 797 | 883 | 979 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -10 | 39 | 12 | 40 | 80 | 44 | 33 | 119 | 89 | 17 | |
| Cash from Investing | 5 | -5 | -2 | -17 | -56 | -18 | -1 | -66 | -6 | 63 |
| Cash from Financing | -4 | -3 | -2 | -10 | -7 | -10 | -15 | -41 | -70 | -81 |
| -18 | 23 | -5 | 1 | 8 | 2 | -12 | 12 | 13 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-27 - D-Link (India) Limited has informed the Exchange about change in Management
2026-08-27 - D-Link (India) Limited has informed the Exchange about Retirement
2026-08-24 - D-Link (India) Limited has informed the Exchange regarding Appointment of as Non- Executive Independent Director of the company w.e.f. August 26, 2026.
2026-08-24 - D-Link (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 24, 2026.
2026-08-11 - D-Link (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 10, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-10 - D-Link (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 10, 2026
2026-08-03 - D-Link (India) Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-01 - D-Link (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20 - D-Link (India) Limited has informed the Exchange about Shareholders Intimation for web-link of the Annual Report
News
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