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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
De Nora India Limited is an India-based company. The Company is a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the Chlor-alkali industry, as well as a manufacturer and recoater of noble metal-coated electrodes, electrolyzers,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, reasonably priced — but flagged on governance.
De Nora India is scored on the general / industrial framework. It keeps a slim 7.0% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.35× reported profit. Free cash flow is worth about 2.5% of its market value.
Over the last 3 years revenue compounded at 19%/yr and profit at -24%/yr. Book value has grown 8%/yr. Return on equity is a weak 4.4%.
At 40× earnings, the stock sits at the 22nd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~25%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: 61% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 64.01 | 24.68 | worse |
| P/B | 2.8 | 2.85 | better |
| EV/EBITDA | 35.81 | 13.7 | worse |
| ROE | 4.37 | 24.75 | worse |
| ROCE | 5.78 | 30.17 | worse |
| ROA | 3.29 | 11.54 | worse |
| Quick Ratio | 3 | 6.61 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
19% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (19% vs -24%) — costs are rising faster than the top line. The latest year saw a +436% swing — check if it's a one-off or structural.
Operating margin has compressed from 35% to 9% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 7% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 13pp.
-24% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 62% sequentially — momentum is building. Wide quarterly swings (39% spread) — likely seasonality, lumpy orders, or project-based revenue.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 1098% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 53.7% — majority control intact. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.