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Last Updated: April 2, 2026, 2:50 am
Author: Getaka|Social: XLinkedIn

D-Link India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹323.18Overvalued by 18.39%vs CMP ₹396.00

P/E (13.7) × ROE (22.1%) × BV (₹127.00) × DY (5.06%)

₹333.64Overvalued by 15.75%vs CMP ₹396.00
MoS: -18.7% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹389.4223%Fair (-1.7%)
Graham NumberEarnings₹287.6717%Over (-27.4%)
Earnings PowerEarnings₹213.0311%Over (-46.2%)
DCFCash Flow₹709.9311%Under (+79.3%)
Net Asset ValueAssets₹127.217%Over (-67.9%)
EV/EBITDAEnterprise₹297.289%Over (-24.9%)
Earnings YieldEarnings₹289.607%Over (-26.9%)
ROCE CapitalReturns₹174.029%Over (-56.1%)
Revenue MultipleRevenue₹388.386%Fair (-1.9%)
Consensus (9 models)₹333.64100%Overvalued
Key Drivers: Wide model spread (₹127–₹710) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 20.5%

*Investments are subject to market risks

Investment Snapshot

75
D-Link India Ltd scores 75/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 29.4% ExcellentROE 22.1% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 51.0% Stable
Earnings Quality60/100 · Moderate
OPM stable around 9% SteadyWorking capital: 48 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +11% YoY GrowingProfit (4Q): +3% YoY Positive
Industry Rank90/100 · Strong
P/E 13.7 vs industry 22.1 Cheaper than peersROCE 29.4% vs industry 14.2% Above peersROE 22.1% vs industry 11.9% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:50 am

Market Cap 1,404 Cr.
Current Price 396
Intrinsic Value₹333.64
High / Low 590/358
Stock P/E13.7
Book Value 127
Dividend Yield5.06 %
ROCE29.4 %
ROE22.1 %
Face Value 2.00
PEG Ratio0.67

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for D-Link India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
D-Link India Ltd 1,404 Cr. 396 590/35813.7 1275.06 %29.4 %22.1 % 2.00
Control Print Ltd 886 Cr. 554 919/5179.14 2811.81 %18.5 %26.9 % 10.0
TVS Electronics Ltd 701 Cr. 376 741/298 49.00.00 %1.88 %5.61 % 10.0
DC Infotech & Communication Ltd 518 Cr. 316 339/20126.9 55.40.00 %25.5 %23.6 % 10.0
Panache Digilife Ltd 478 Cr. 298 472/17255.6 44.80.00 %13.7 %11.6 % 10.0
Industry Average1,252.71 Cr300.3822.06106.370.82%14.23%11.91%7.00

All Competitor Stocks of D-Link India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 278309298306292332344335330368348375394
Expenses 242283271276263301316303296336319342359
Operating Profit 35262730283128333332293334
OPM % 13%9%9%10%10%9%8%10%10%9%8%9%9%
Other Income 2333345446533
Interest 0100000000000
Depreciation 1112222222222
Profit before tax 36272831303331353537323436
Tax % 25%27%25%26%26%25%26%24%25%26%26%26%26%
Net Profit 27202123222523262627242527
EPS in Rs 7.565.565.846.526.286.936.577.437.387.646.777.077.48

Last Updated: February 6, 2026, 3:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 10:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4886257016876267007267119041,1711,2271,3771,485
Expenses 4665926676646116576856728511,0591,1121,2511,356
Operating Profit 223334231643403853113116126129
OPM % 4%5%5%3%2%6%6%5%6%10%9%9%9%
Other Income 12122-412666131918
Interest 1001100101111
Depreciation 2211114445677
Profit before tax 203233231637484054113122138139
Tax % 33%34%35%35%34%37%29%26%26%26%25%25%
Net Profit 1421221510243429408491103103
EPS in Rs 4.536.016.064.302.936.639.608.2611.4023.7525.5629.0228.96
Dividend Payout % 13%12%12%12%17%15%16%22%26%42%51%69%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%4.76%-31.82%-33.33%140.00%41.67%-14.71%37.93%110.00%8.33%13.19%
Change in YoY Net Profit Growth (%)0.00%-45.24%-36.58%-1.52%173.33%-98.33%-56.37%52.64%72.07%-101.67%4.85%

D-Link India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:14%
3 Years:15%
TTM:8%
Compounded Profit Growth
10 Years:16%
5 Years:26%
3 Years:34%
TTM:11%
Stock Price CAGR
10 Years:12%
5 Years:34%
3 Years:37%
1 Year:-29%
Return on Equity
10 Years:17%
5 Years:20%
3 Years:23%
Last Year:22%

Last Updated: September 5, 2025, 3:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6777777777777
Reserves 94127146162171192220246280354408448444
Borrowings 420110075397310
Other Liabilities 8512417479123131127157206240251268285
Total Liabilities 188260327260300330361415495610674725746
Fixed Assets 20201818171623201824221724
CWIP 0000000000000
Investments 01622162024396599110174185213
Other Assets 168224287225263290300330378476478523508
Total Assets 188260327260300330361415495610674725746

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0117-1931-1287130411989
Cash from Investing Activity + 2-1-55-5-2-17-56-18-1-66-6
Cash from Financing Activity + 1-3-6-4-3-2-10-7-10-15-41-70
Net Cash Flow 3-37-1823-5182-121213
Free Cash Flow -1-016-2030-1277129311889
CFO/OP 35%33%90%-42%249%28%99%211%84%29%130%98%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow18.0031.0034.0012.0016.0043.0033.0033.0050.00104.00109.00123.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 7182897799968790939410097
Inventory Days 575662404352615645522924
Days Payable 7282101468075759292868580
Cash Conversion Cycle 565650716373725446614440
Working Capital Days 565553687076796052645048
ROCE %22%27%23%14%9%22%20%16%20%34%29%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%
FIIs 0.35%0.13%0.34%0.35%0.29%1.07%0.50%0.84%1.20%1.21%1.11%1.13%
DIIs 0.11%0.05%0.13%0.11%0.00%0.54%0.72%0.12%0.00%0.01%0.01%0.01%
Public 48.51%48.79%48.51%48.52%48.67%47.37%47.76%48.01%47.77%47.75%47.87%47.84%
No. of Shareholders 40,43044,27845,44846,72846,96948,51263,91571,47973,77272,84373,71372,767

Shareholding Pattern Chart

No. of Shareholders

D-Link India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 29.3726.0924.3211.918.83
Diluted EPS (Rs.) 29.3726.0924.3211.918.83
Cash EPS (Rs.) 31.3227.8725.7313.3810.36
Book Value[Excl.RevalReserv]/Share (Rs.) 133.92122.57106.5885.2375.00
Book Value[Incl.RevalReserv]/Share (Rs.) 133.92122.57106.5885.2375.00
Revenue From Operations / Share (Rs.) 389.77348.04332.51258.65204.63
PBDIT / Share (Rs.) 41.5137.0434.4017.6413.72
PBIT / Share (Rs.) 39.5535.2633.0016.1612.18
PBT / Share (Rs.) 39.3434.9832.7116.0311.94
Net Profit / Share (Rs.) 29.3626.0924.3211.918.83
NP After MI And SOA / Share (Rs.) 29.3626.0924.3211.918.83
PBDIT Margin (%) 10.6410.6410.346.816.70
PBIT Margin (%) 10.1410.139.926.245.95
PBT Margin (%) 10.0910.059.836.195.83
Net Profit Margin (%) 7.537.497.314.604.31
NP After MI And SOA Margin (%) 7.537.497.314.604.31
Return on Networth / Equity (%) 21.9221.2822.8213.9711.77
Return on Capital Employeed (%) 29.4328.6030.4118.8816.06
Return On Assets (%) 13.9313.3213.728.257.27
Asset Turnover Ratio (%) 1.921.872.071.951.80
Current Ratio (X) 2.592.522.382.272.40
Quick Ratio (X) 2.302.201.811.801.84
Inventory Turnover Ratio (X) 17.380.000.000.000.00
Dividend Payout Ratio (NP) (%) 61.2938.3212.3315.1111.32
Dividend Payout Ratio (CP) (%) 57.4735.8811.6613.459.64
Earning Retention Ratio (%) 38.7161.6887.6784.8988.68
Cash Earning Retention Ratio (%) 42.5364.1288.3486.5590.36
Interest Coverage Ratio (X) 197.14132.52120.13127.5556.37
Interest Coverage Ratio (Post Tax) (X) 140.4894.3585.9487.1437.28
Enterprise Value (Cr.) 1385.69908.79792.24442.52310.84
EV / Net Operating Revenue (X) 1.000.730.670.480.42
EV / EBITDA (X) 9.406.916.497.076.38
MarketCap / Net Operating Revenue (X) 1.060.780.700.530.51
Retention Ratios (%) 38.7061.6787.6684.8888.67
Price / BV (X) 3.082.232.191.641.40
Price / Net Operating Revenue (X) 1.060.780.700.530.51
EarningsYield 0.070.090.100.080.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

D-Link (India) Ltd. is a Public Limited Listed company incorporated on 26/05/2008 and has its registered office in the State of Goa, India. Company's Corporate Identification Number(CIN) is L72900GA2008PLC005775 and registration number is 005775. Currently Company is involved in the business activities of Wholesale of computers, computer peripheral equipment and software. Company's Total Operating Revenue is Rs. 1377.16 Cr. and Equity Capital is Rs. 7.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Networking EquipmentPlot No. U02B, Goa Goa 403722Contact not found
Management
NamePosition Held
Mr. Hung-Yi KaoChairperson (NonExe. & NonInd.Director)
Mr. Tushar SighatManaging Director & CEO
Mr. Mukesh LullaNon Exe.Non Ind.Director
Mr. Chia Jui ChangNon Exe.Non Ind.Director
Mr. Chin Ho KuoNon Exe.Non Ind.Director
Ms. Madhu GadodiaInd. Non-Executive Director
Mr. Mangesh KinareInd. Non-Executive Director
Mr. Amit Anil PanditInd. Non-Executive Director
Ms. Ching Chun YangInd. Non-Executive Director
Mr. Yen Wen ChenInd. Non-Executive Director

FAQ

What is the intrinsic value of D-Link India Ltd and is it undervalued?

As of 18 April 2026, D-Link India Ltd's intrinsic value is ₹333.64, which is 15.75% lower than the current market price of ₹396.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (22.1 %), book value (₹127), dividend yield (5.06 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of D-Link India Ltd?

D-Link India Ltd is trading at ₹396.00 as of 18 April 2026, with a FY2026-2027 high of ₹590 and low of ₹358. The stock is currently near its 52-week low. Market cap stands at ₹1,404 Cr..

How does D-Link India Ltd's P/E ratio compare to its industry?

D-Link India Ltd has a P/E ratio of 13.7, which is below the industry average of 22.06. This is broadly in line with or below the industry average.

Is D-Link India Ltd financially healthy?

Key indicators for D-Link India Ltd: ROCE of 29.4 % indicates efficient capital utilization; ROE of 22.1 % shows strong shareholder returns. Dividend yield is 5.06 %.

Is D-Link India Ltd profitable and how is the profit trend?

D-Link India Ltd reported a net profit of ₹103 Cr in Mar 2025 on revenue of ₹1,377 Cr. Compared to ₹40 Cr in Mar 2022, the net profit shows an improving trend.

Does D-Link India Ltd pay dividends?

D-Link India Ltd has a dividend yield of 5.06 % at the current price of ₹396.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in D-Link India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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