De Nora India Ltd Stock Price Today (NSE: DENORA)
Fundamental Score
De Nora India Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
De Nora India Ltd share price today is ₹681.50, down 2.14% on NSE/BSE as of 30 March 2026. De Nora India Ltd (DENORA) is a Small-cap company in the Electrodes & Refractories sector with a market capitalisation of ₹364.92 (Cr). The 52-week high for DENORA share price is ₹994.50 and the 52-week low is ₹560.25. At a P/E ratio of 137.71x, DENORA is currently trading above its industry average P/E of 39.96x. The company has a Return on Equity (ROE) of 1.84% and a debt-to-equity ratio of 0.00.
De Nora India Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
De Nora India Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
De Nora Share Price: A Financial Stability Analysis
The electrodes and refractories industry, crucial for various industrial processes, is currently facing headwinds from fluctuating raw material costs and evolving environmental regulations. This financial analysis focuses on the stability of De Nora India Ltd, specifically examining the current De Nora share price of ₹587.849976 and its underlying financial health. This assessment is part of a broader 80-parameter fundamental audit verified by Sweta Mishra.
De Nora's current Price-to-Earnings (PE) ratio stands at 137.71, suggesting a high valuation compared to potential earnings. To put this into perspective, one might consider the management quality and strategic direction of a peer like
Morgan Ventures Limited, and whether their approach to innovation and cost control justifies their valuation in comparison. A high PE ratio could indicate investor optimism about future growth prospects, but also introduces a higher level of risk if earnings fail to meet expectations.A significant point of concern is De Nora's Return on Capital Employed (ROCE) of 0.88%. This low ROCE suggests that the company is not generating substantial returns on its invested capital. A strong ROCE is often indicative of a strong economic moat, signifying a company's ability to defend its market share and profitability. With such a low ROCE, the company's competitive advantage appears potentially weak, making it more susceptible to competition and economic downturns. Compare this against sector peers such as MONOLITHSM or Nilachal Refractories Ltd; lower returns than these firms could cause concerns.
Further in-depth analysis of De Nora's balance sheet, cash flow statement, and overall market position is required to determine the long-term sustainability of the current De Nora share price. Factors such as debt levels, operational efficiency, and exposure to specific end-markets should be thoroughly examined. A lower ROCE can challenge the growth narrative typically associated with a high PE ratio.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
De Nora India Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of DENORA across key market metrics for learning purposes.
Positive Indicators
6 factors identified
Strong Operating Margins (22.39%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Strong Revenue Growth (20.46%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Cash Generation (₹44.86 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (53.68%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
7 factors identified
Below-Average Return on Equity (1.84%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (0.88%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Premium Valuation Risk (P/E: 137.71x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Weak Earnings Growth (-22.86% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Stagnant Profit Growth (-22.86% CAGR)
Observation: Limited 5-year profit growth trajectory.
Analysis: Low profit growth may indicate scalability challenges or market maturity.
Limited Institutional Interest (FII+DII: 0.23%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
De Nora India Ltd Financial Statements
Comprehensive financial data for De Nora India Ltd including income statement, balance sheet and cash flow
About DENORA (De Nora India Ltd)
De Nora India Ltd is a prominent force in the Indian industrial landscape, specializing in the creation and distribution of advanced electrode technologies and refractory solutions.... It stands as a crucial supplier for numerous sectors, providing innovative electrochemical solutions that underpin vital industrial processes. The company’s core competence lies in the development, fabrication, and upkeep of specialized electrodes designed for demanding environments. These electrodes are engineered to optimize performance, enhance efficiency, and ensure longevity in various applications, ranging from chlor-alkali production to electrochemical synthesis. Beyond electrodes, De Nora India also provides a range of refractory materials known for their heat resistance and corrosion protection, guaranteeing structural integrity and operational reliability for high-temperature industrial equipment. The company's extensive product portfolio extends to include cutting-edge electrochemical technologies geared towards water treatment, industrial electrochemistry, and surface finishing. They provide a spectrum of electrode designs for metal electrowinning, plating, and other electrochemical processes, serving a varied client base from metallurgical companies to manufacturers of electronic components. Moreover, De Nora India is deeply involved in the manufacture and refurbishment of electrodes, particularly for the chlor-alkali industry, assuring that these key components function at their best and adhere to environmental rules. Their offerings include disinfection systems, membrane technologies, and tailored electrochemical solutions to meet clients' specialized requirements. De Nora India's commitment goes beyond mere product supply. It focuses on providing comprehensive services, including expert consultations, technical support, and ongoing maintenance, which guarantees their clients can maximize the advantages of their technologies. Their focus on research and development keeps them at the leading edge of electrode technologies, allowing them to deliver creative solutions that tackle the changing demands of modern industry. This dedication to innovation, together with a strong focus on quality and customer satisfaction, has cemented De Nora India's place as a leading player in the electrodes and refractories market, driving development and productivity in important sectors of the Indian economy.
Company Details
Key Leadership
Corporate Events
DENORA Share Price: Frequently Asked Questions
What is the current share price of De Nora India Ltd (DENORA)?
As of 30 Mar 2026, 12:06 pm IST, De Nora India Ltd share price is ₹681.50. The DENORA stock has a market capitalisation of ₹364.92 (Cr) on NSE/BSE.
Is DENORA share price Overvalued or Undervalued?
DENORA share price is currently trading at a P/E ratio of 137.71x, compared to the industry average of 39.96x. Based on this relative valuation, the De Nora India Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of DENORA share price?
The 52-week high of DENORA share price is ₹994.50 and the 52-week low is ₹560.25. These values are updated daily from NSE/BSE price data.
What factors affect the De Nora India Ltd share price?
Key factors influencing DENORA share price include quarterly earnings growth (Sales Growth: 20.46%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is De Nora India Ltd a good stock for long-term investment?
De Nora India Ltd shows a 5-year Profit Growth of -22.86% and an ROE of 1.84%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.00 before investing in DENORA shares.
How does De Nora India Ltd compare with its industry peers?
De Nora India Ltd competes with major peers in the Electrodes & Refractories. Investors should compare DENORA share price P/E of 137.71x and ROE of 1.84% against the industry averages to determine competitive standing.
What is the P/E ratio of DENORA and what does it mean?
DENORA share price has a P/E ratio of 137.71x compared to the industry average of 39.96x. Investors pay ₹138 for every ₹1 of annual earnings.
How is DENORA performing according to Bull Run's analysis?
DENORA has a Bull Run fundamental score of 36.8/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does DENORA belong to?
DENORA operates in the Electrodes & Refractories industry. This classification helps understand the competitive landscape and sector-specific trends affecting De Nora India Ltd share price.
What is Return on Equity (ROE) and why is it important for DENORA?
DENORA has an ROE of 1.84%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently De Nora India Ltd generates profits from shareholders capital.
How is DENORA debt-to-equity ratio and what does it indicate?
DENORA has a debt-to-equity ratio of 0.00, which indicates conservative financing with low financial risk.
What is DENORA dividend yield and is it a good dividend stock?
DENORA offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in De Nora India Ltd shares.
How has DENORA share price grown over the past 5 years?
DENORA has achieved 5-year growth rates of: Sales Growth 7.29%, Profit Growth -22.86%, and EPS Growth -22.86%.
What is the promoter holding in DENORA and why does it matter?
Promoters hold 53.68% of DENORA shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in De Nora India Ltd.
What is DENORA market capitalisation category?
DENORA has a market capitalisation of ₹365 crores, placing it in the Small-cap category.
How volatile is DENORA stock?
DENORA has a beta of N/A. A beta > 1 suggests the De Nora India Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is DENORA operating profit margin trend?
DENORA has a 5-year average Operating Profit Margin (OPM) of 22.39%, indicating the company's operational efficiency.
How is DENORA quarterly performance?
Recent quarterly performance shows De Nora India Ltd YoY Sales Growth of 20.46% and YoY Profit Growth of 17.99%.
What is the institutional holding pattern in DENORA?
DENORA has FII holding of 0.01% and DII holding of 0.22%. Significant institutional holding often suggests professional confidence in the De Nora India Ltd stock.