DIFFNKGIndustrials

Diffusion Engineers Limited

Other Industrial Products · ISIN INE184O01015 · BSE 544264 · NSE EQ · FV ₹10
Last price
₹436
+1.67%today
What this company does

Diffusion Engineers Limited operates in Other Industrial Products, part of the Industrials sector. It booked ₹110 cr of revenue in its latest quarter (Q1 FY27) and kept 15.1% of sales as profit. It is the 8th largest of 9 Other Industrial Products companies we track, by market value.

Statutory Reports Financial Statements Types: Stick electrodes require minimal equipment Bharat trains, renewable energy corridor and other compared to other welding methods and help reduce initiatives to improve the country’s infrastructure, setup costs and complexity.
In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet83

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 15% net margin
Sales up 37% vs last year
Profit up 36% vs last year
Promoters hold 70%
No promoter shares pledged
Strong 16% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in DIFFNKG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹436 +1.67%
latest close · 2026-09-17
52-wk low ₹35742 sessions so far52-wk high ₹520
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.4Average
LowAverageHigh
P/B ratio4.03High
Below bookModerateHigh
EV / EBITDA21.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.4%Strong
WeakFairStrong ▸15%
Return on capital15.9%Strong
WeakFairStrong
Net margin15.1%Strong
ThinDecentStrong
EBITDA margin16.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.07Comfortable
LowModerateHigh ▸1
Interest cover23.5×Strong
RiskyOkayStrong ▸5×
Current ratio3.28Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,631 cr
Book value
₹108
EPS
₹4.47
latest quarter
Net debt
₹-69 cr
more cash than debt
Enterprise value
₹1,562 cr
EBITDA
₹73 cr
annualised
EBIT
₹65 cr
annualised
Operating margin
14.9%
Return on assets
13.0%
Earnings yield
4.10%
P/S
3.70
Sales / share
₹117.7
Tax rate
22.1%
Face value
₹10
Shares
3.7 cr
Working capital
₹225 cr
Current assets
₹324 cr
Current liabilities
₹99 cr
Delivery %
39.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹69₹153, midpoint ₹77

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹110 cr
Other Income₹4 cr
Total Income₹114 cr
Cost of Materials₹69 cr
Purchases of Stock-in-Trade₹5 cr
Inventory Change (±)₹-11 cr
Employee Benefit Expense₹13 cr
Finance Costs₹69.7 L
Depreciation & Amortisation₹2 cr
Other Expenses₹20 cr
Total Expenses₹99 cr
Profit before Tax₹16 cr
Tax Expense₹3 cr
Share of JV / Associates₹4 cr
Net Profit₹17 cr
Net margin on total income14.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹64 cr53.6%
Employee benefit expense₹13 cr10.6%
Finance costs₹69.7 L0.6%
Depreciation & amortisation₹2 cr1.6%
Other expenses₹20 cr16.6%
Tax expense₹3 cr2.9%
Profit for the period₹17 cr14.1%
Total income ₹114 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue101 cr142 cr110 cr
Total income104 cr144 cr114 cr
Expenses90 cr123 cr99 cr
Profit before tax14 cr21 cr16 cr
Tax4 cr5 cr3 cr
Net profit (owners' share)12 cr16 cr17 cr
Net margin (owners' share, on revenue)12.0%11.3%15.1%
EPS (₹)3.224.294.47
YoY (latest quarter): total income +32.6% · net profit +36.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹510 cr
Shareholder equity
₹405 cr
parent shareholders
Total debt
₹29 cr
Cash
₹98 cr
Cash flow · H1 FY26
Operating
₹14 cr
Investing
₹-18 cr
Financing
₹-8 cr
Peer comparison
Other Industrial Products · by market value
CompanyPriceMarket capP/E
HBL Engineering Limited₹757₹20,977 cr47.9
INOX India Limited₹2,015₹18,287 cr78.7
KRN Heat Exchanger and Refrigeration Limited₹1,393₹9,117 cr67.0
Esab India Limited₹5,619₹8,646 cr38.5
Subros Limited₹690₹4,500 cr27.1
Harsha Engineers International Limited₹434₹3,950 cr26.4
Ador Welding Limited₹1,564₹2,722 cr24.7
Diffusion Engineers Limitedthis company₹436₹1,631 cr24.4
MIC Electronics Limited₹34₹821 cr94.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.34%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 25 Aug 2026
ActionDetailEx-date
Dividend₹1.5 / share25 Aug 2026
Dividend₹1.5 / share10 Jul 2025
Who owns it · 2026-06-30
No pledge
Promoter
69.8%
FII / Foreign
0.7%
DII / Domestic
8.4%
Retail / others
20.3%
Promoter stake up 0.1% over the last 8 quarters.
Smart-money activity
Bulk / block deals
BoughtQE SECURITIES LLP · NSE2.08 L @ ₹465.2331 Aug 26
SoldQE SECURITIES LLP · NSE2.07 L @ ₹464.4131 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE4.17 L @ ₹468.6131 Aug 26
Stake changes
Sold3P India Equity Fund→ 2.70% · 9.82 L23 Dec 25
Bought3P India Equity Fund→ 5.33% · 11.01 L7 Oct 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Sep 2026
See the official result
1
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year 2025-26 including Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
28.26 L votes for, 5 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year 2025-26 including Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date and the Report of the Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
28.26 L votes for, 93 against · 0% of mutual funds and other big investors said no
3
To declare final dividend of 1.50/- (One Rupees Fifty Paisa Only) per share on equity shares for the financial year ended 31st March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
28.26 L votes for, 52 against · 0% of mutual funds and other big investors said no
4
To appoint a director in place of Ms. Chitra Narendra Garg (DIN: 01784644), who retires by rotation and being eligible, offers herself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
28.26 L votes for, 93 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 45 named members
owning 69.8% between them · as of 2026-06-30
PRASHANT GARG27.96%
NITIN GARG19.78%
CHITRA GARG16.38%
N K GARG HUF5.57%
NEELU PRASHANT GARG0.06%
BENVIRA FORWARD ALGORITHMS PRIVATE LIMITEDno shares
BTSG AWARENESS FOUNDATIONno shares
CENOS HEALTH CARE PRIVATE LIMITEDno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.7% of its ₹335 cr revenue.
Prashant Garg
Other payments to them · For details of Related Party Transactions, please refere below Textual Information
also owns 27.96% of the company
₹2 cr
company paid

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹158 cr raised in Oct 2024 by selling shares to the public

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. Crisil ratings limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.