DLINKINDIAInformation Technology

D-Link (India) Limited

Computers Hardware & Equipments · ISIN INE250K01012 · BSE 533146 · NSE EQ · FV ₹2
Last price
₹425
+1.58%today
What this company does

D-Link (India) Limited operates in Computers Hardware & Equipments, part of the Information Technology sector. It booked ₹457 cr of revenue in its latest quarter (Q1 FY27) and kept 6.0% of sales as profit. It is the 5th largest of 9 Computers Hardware & Equipments companies we track, by market value.

The Company is primarily engaged in the marketing and distribution of D-Link branded Networking products in India and neighboring countries.
Their stated mission

is to be a leading High-performance routing frameworks; supplier of software IP for the embedded Hardware-accelerated security capabilities systems market.

In the report:
67out of 100
Equitytale Health Score
Solid

Healthier than 67% of companies in Information Technology, on all six measures of filed financials. Each measure is ranked against the 42–123 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)
41

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet90

How much it owes, and whether earnings cover the interest

Cash quality56

Whether reported profit actually arrives as cash

Growth & consistency52

Whether sales and profit have grown, and how steadily

Valuation32

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

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 30% vs last year
Profit up 13% vs last year
Promoters hold 51%
No promoter shares pledged
Strong 22% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.0% net margin

What if I invest in DLINKINDIA?

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 11% a year, it would become
₹21.24 lakh

The slider starts at 11%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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
₹425 +1.58%
latest close · 2026-09-17
1-year return
+230.8%
52-wk low ₹10552-wk high ₹465
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 ratio13.6Low
LowAverageHigh
P/B ratio2.98Moderate
Below bookModerateHigh
EV / EBITDA9.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.8%Strong
WeakFairStrong ▸15%
Return on capital29.2%Strong
WeakFairStrong
Net margin6.0%Decent
ThinDecentStrong
EBITDA margin8.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover99.1×Strong
RiskyOkayStrong ▸5×
Current ratio2.56Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,508 cr
Book value
₹142
EPS
₹7.78
latest quarter
Net debt
₹-31 cr
more cash than debt
Enterprise value
₹1,477 cr
EBITDA
₹158 cr
annualised
EBIT
₹150 cr
annualised
Operating margin
8.2%
Return on assets
13.6%
Earnings yield
7.33%
P/S
0.82
Sales / share
₹514.8
Tax rate
25.7%
Face value
₹2
Shares
3.6 cr
Working capital
₹463 cr
Current assets
₹760 cr
Current liabilities
₹296 cr
Delivery %
52.4%
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 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹247 vs market price ₹425 — price is 72% above it
Safety cushion-71.6%(target ≥ +20%)
Models span ₹246₹249, midpoint ₹247
Model ₹247
Price ₹425
Cheap sideExpensive side

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₹457 cr
Other Income₹5 cr
Total Income₹462 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹402 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹12 cr
Finance Costs₹37.9 L
Depreciation & Amortisation₹2 cr
Other Expenses₹14 cr
Total Expenses₹425 cr
Profit before Tax₹37 cr
Tax Expense₹10 cr
Net Profit₹28 cr
Net margin on total income6.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹397 cr86.0%
Employee benefit expense₹12 cr2.6%
Finance costs₹37.9 L0.1%
Depreciation & amortisation₹2 cr0.4%
Other expenses₹14 cr2.9%
Tax expense₹10 cr2.1%
Profit for the period₹28 cr6.0%
Total income ₹462 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue395 cr444 cr457 cr
Total income399 cr448 cr462 cr
Expenses363 cr411 cr425 cr
Profit before tax36 cr37 cr37 cr
Tax9 cr9 cr10 cr
Net profit (owners' share)27 cr28 cr28 cr
Net margin (owners' share, on revenue)6.8%6.2%6.0%
EPS (₹)7.527.777.78
YoY (latest quarter): total income +29.8% · net profit +13.3%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹811 cr
Shareholder equity
₹506 cr
parent shareholders
Total debt
₹0 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹43 cr
Investing
₹-9 cr
Financing
₹-57 cr
Peer comparison
Computers Hardware & Equipments · by market value
CompanyPriceMarket capP/E
GNG Electronics Limited₹662₹7,543 cr65.1
Rashi Peripherals Limited₹807₹5,317 cr12.9
Moschip Technologies Limited₹208₹4,042 cr400.1
NELCO Limited₹965₹2,203 cr236.6
D-Link (India) Limitedthis company₹425₹1,508 cr13.6
Ivalue Infosolutions Limited₹228₹1,246 cr20.0
Control Print Limited₹604₹965 cr61.6
TVS Electronics Limited₹404₹753 cr
Dc Infotech And Communication Limited₹283₹464 cr24.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
7.89%
trailing 12 months
Dividend / share (TTM)
₹33.5
Last dividend
₹20
ex 10 Jul 2026
ActionDetailEx-date
Dividend₹20 / share10 Jul 2026
Dividend₹7.5 / share10 Jul 2026
Dividend₹6 / share14 Nov 2025
Dividend₹15 / share11 Jul 2025
Dividend₹5 / share12 Nov 2024
Dividend₹8 / share12 Jul 2024
Who owns it · 2026-06-30
No pledge
Promoter
51.0%
FII / Foreign
1.4%
DII / Domestic
0.0%
Retail / others
47.6%
Smart-money activity
Insider trades
SoldMUKESH TIRTHDAS LULLA · Director20,635 · ₹1.1 cr30 Jun 25
SoldMUKESH TIRTHDAS LULLA · Director17,905 · ₹97.1 L27 Jun 25
SoldMUKESH TIRTHDAS LULLA · Director1,718 · ₹9.2 L26 Jun 25
Bulk / block deals
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE2.26 L @ ₹434.512 Feb 26
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE2.26 L @ ₹434.12 Feb 26
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE2.53 L @ ₹652.833 Sep 24
Stake changes
SoldMukesh Lulla→ 5.76% · 7.10 L30 Jun 25
SoldSBI Funds Management Private Limited→ 4.84% · 1.14 L12 Jul 16
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 · 10 Aug 2026
See the official result
1
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
26.08 L votes for, 142 against · 0% of mutual funds and other big investors said no
2
To declare a dividend of Rs.20/- per equity share and a special dividend of Rs.7.50/- per equity share (aggregating to Rs.27.50/-per equity share) on 3,55,04,850 equity shares (face value of Rs.2/- each) for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
26.08 L votes for, 142 against · 0% of mutual funds and other big investors said no
3
To re-appoint a director in place of Mr. Chia-Jui Chang (DIN: 10673312) who retires by rotation and being eligible offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
25.84 L votes for, 24,186 against · 7% of mutual funds and other big investors said no
4
To re-appoint of Mr. Tushar Sighat (DIN: 06984518) as Managing Director & CEO.
Backed by 99% of shareholders other than promotersneeded 75%
25.70 L votes for, 21,730 against · 6% 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 — 1 named members
owning 51.0% between them · as of 2026-06-30
D-LINK HOLDING MAURITIUS INC51.02%
Business done with them
FY2026 · 1 of the group
The company paid ₹38 cr to companies in the promoter group last year — about 2.4% of its ₹1,566 cr revenue.
D-Link Holding Mauritius Inc.
Other payments to them · Dividend paid
also owns 51.02% of the company
₹38 cr
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.

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