DE Nora India Ltd (DENORA) — shareholding pattern, promoter holding, financials and share price
About DE Nora India Ltd (DENORA)
DE Nora India Ltd operates in the Electrodes & Refractories industry, within the Capital Goods sector. It trades on the NSE as DENORA and on the BSE under scrip code 590031. Its ISIN is INE244A01016.
Incorporated in 1989, De Nora India Ltd manufactures and services Electrolytic products [1]
De Nora India Limited is a leader in manufacturing electrolytic products, primarily for the chlor-alkali sector. Its technological collaboration with Gruppo De Nora of Italy supports its strong market position.
The company has diversified from its core chlor-alkali products to include high-tech solutions like cathodic protection systems and electrochlorinators, becoming a market leader in these sectors within India.
Listed peers in Electrodes & Refractories: Foseco Crucible (India) Ltd, Orient Ceratech Ltd, Panasonic Carbon India Company Ltd, Royal Arc Electrodes Ltd, Classic Electrodes (India) Ltd, Nilachal Refractories Ltd.
Valuation & Returns
10 Jul 2026At ₹877.55 a share on 10 Jul 2026, DE Nora India Ltd (DENORA) was valued at a price-to-earnings ratio of 51.48x against an industry P/E of 37x and a price-to-book of 3.88x on a book value of ₹226.33 per share as of Mar 2025. Solomo computes return on equity of 7.53% and return on capital employed of 9.99% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 51.48x
- Industry P/E
- 37x
- P/B
- 3.88x
- EPS (TTM)
- ₹17.05
- Book value / share
- ₹226.33
- ROE
- 7.53%
- ROCE
- 9.99%
- ROA
- 6.36%
- Debt / equity
- 0x
- Dividend yield
- 0.45%
- EBITDA margin
- 11.54%
- 52-week range
- ₹559 – ₹995
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, DE Nora India Ltd (DENORA) reported revenue of ₹122 crore, net profit of ₹9 crore and earnings per share of ₹17.07. That compares with revenue of ₹69 crore and net profit of ₹2 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹21.97 crore and net profit ₹-0.64 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 74 | 74 | 74 | 69 | 122 |
| Net profit (₹ cr) | 15 | 20 | 19 | 2 | 9 |
| EPS (₹) | 29.1 | 38.2 | 35.81 | 3.18 | 17.07 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 3.16% | 7.30% | -2.58% | -7.07% |
| Profit growth | -19.54% | -26.93% | -52.15% | -91.11% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 53.68% of DE Nora India Ltd (DENORA) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.83% and domestic institutional investors (DII) hold 0.22%. Market capitalisation was ₹466 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Jun 2004.
Largest disclosed public shareholders in Jun 2026: HUF 3.38%, BHARAT AJAY KAPADIA 1.41%, LALAN AJAY KAPADIA 1.41%, INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS 1.38%, SEEMHARSINGH GOLDIE ANAND 1.04%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 53.68% | - | 0.83% | 0.22% | 46.32% |
| Mar 2026 | 53.68% | - | 0.72% | 0.22% | 46.32% |
| Dec 2025 | 53.68% | - | 0.01% | 0.22% | 46.32% |
| Sep 2025 | 53.68% | - | 0.01% | 0.22% | 46.32% |
| Jun 2025 | 53.68% | - | 0.03% | 0.22% | 46.32% |
| Mar 2025 | 53.68% | - | 0.14% | 0.22% | 46.32% |
| Dec 2024 | 53.68% | - | 0.1% | 0.22% | 46.32% |
| Sep 2024 | 53.68% | - | 0.09% | 0.22% | 46.32% |