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Last Updated on: 26 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of D-Link India Ltd

About the Company - D-Link India Ltd

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. 903.84 Cr. and Equity Capital is Rs. 7.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
IT Networking EquipmentPlot No. U02B, Goa Goa 403722shares@dlink.co.in
http://www.dlink.co.in
Management
NamePosition Held
Mr. Hung-Yi KaoNon Executive Chairman
Mr. Tushar SighatManaging Director & CEO
Mr. Mukesh LullaNon Executive Director
Ms. Madhu GadodiaIndependent Director
Mr. Mangesh KinareIndependent Director
Mr. Amit Anil PanditIndependent Director

Basic Stock Data of D-Link India Ltd

Last Updated: July 26, 2024, 10:50 pm

Market Cap 2,229 Cr.
Current Price 628
High / Low685/255
Stock P/E25.8
Book Value 117
Dividend Yield1.27 %
ROCE29.5 %
ROE22.3 %
Face Value 2.00
PEG Ratio1.20

Data Source: screener.in

D-Link India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales200209159241235269293291278309298306292
Expenses188196148225223254272261242283271276263
Operating Profit12131116111521303526273028
OPM %6%6%7%7%5%6%7%10%13%9%9%10%10%
Other Income2111221123333
Interest0000000001000
Depreciation1111111111122
Profit before tax13131116121621303627283130
Tax %26%27%25%26%26%26%26%25%25%27%25%26%26%
Net Profit9981291216222720212322
EPS in Rs2.622.622.263.372.483.284.406.247.565.565.846.526.28

Last Updated: July 10, 2024, 4:38 pm

D-Link India Ltd Quarterly Chart

D-Link India Ltd Profit & Loss

Last Updated: July 10, 2024, 4:38 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2233544886257016876267007267119041,1711,191
Expenses2123344665926676646116576856728511,0591,072
Operating Profit1119223334231643403853113118
OPM %5%6%4%5%5%3%2%6%6%5%6%10%10%
Other Income1112122-41266610
Interest0010011001011
Depreciation2222111144455
Profit before tax1018203233231637484054113122
Tax %30%32%33%34%35%35%34%37%29%26%26%26%
Net Profit7121421221510243429408490
EPS in Rs2.354.114.536.016.064.302.936.639.608.2611.4023.7525.48
Dividend Payout %17%12%13%12%12%12%17%15%16%22%26%42%

D-Link India Ltd Profit & Loss Yearly Chart

D-Link India Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:20%
TTM:5%
Compounded Profit Growth
10 Years:20%
5 Years:27%
3 Years:44%
TTM:5%
Stock Price CAGR
10 Years:24%
5 Years:49%
3 Years:59%
1 Year:103%
Return on Equity
10 Years:16%
5 Years:19%
3 Years:21%
Last Year:22%

Last Updated: July 26, 2024, 5:20 pm

D-Link India Ltd Balance Sheet

Last Updated: July 10, 2024, 4:38 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6667777777777
Reserves728294127146162171192220246280354362
Borrowings004201100753910
Other Liabilities47658512417479123131127157206240230
Total Liabilities125153188260327260300330361415495610609
Fixed Assets22212020181817162320182424
CWIP0000000000000
Investments0201622162024396599110111
Other Assets103131168224287225263290300330378476473
Total Assets125153188260327260300330361415495610609

D-Link India Ltd Reserves and Borrowings Chart

D-Link India Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -20117-1931-12871304119
Cash from Investing Activity -22-1-55-5-2-17-56-18-1-66
Cash from Financing Activity -11-3-6-4-3-2-10-7-10-15-41
Net Cash Flow-63-37-1823-5182-1212

D-Link India Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days8471828977999687909394100
Inventory Days565756624043526156455229
Days Payable7772821014680757592928685
Cash Conversion Cycle635656507163737254466144
Working Capital Days665857537470768061536599
ROCE %22%22%27%23%14%9%22%20%16%20%34%

D-Link India Ltd Financial Efficiency Indicators Chart

D-Link India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%
FIIs0.00%0.03%0.06%0.34%0.26%0.24%0.43%0.35%0.13%0.34%0.35%0.29%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.11%0.05%0.13%0.11%0.00%
Public48.98%48.95%48.92%48.64%48.72%48.73%48.56%48.51%48.79%48.51%48.52%48.67%
No. of Shareholders41,30845,95244,85146,20246,82340,71041,49940,43044,27845,44846,72846,969

D-Link India Ltd Shareholding Pattern Chart

No. of D-Link India Ltd Shareholders

This stock is not held by any mutual fund

D-Link India Ltd ROCE Trend

D-Link India Ltd EPS Trend

D-Link India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)26.0924.3211.918.839.92
Diluted EPS (Rs.)26.0924.3211.918.839.92
Cash EPS (Rs.)27.8725.7313.3810.3611.54
Book Value[Excl.RevalReserv]/Share (Rs.)122.57106.5885.2375.0067.18
Book Value[Incl.RevalReserv]/Share (Rs.)122.57106.5885.2375.0067.18
Revenue From Operations / Share (Rs.)348.04332.51258.65204.63208.44
PBDIT / Share (Rs.)37.0434.4017.6413.7214.48
PBIT / Share (Rs.)35.2633.0016.1612.1812.86
PBT / Share (Rs.)34.9832.7116.0311.9413.94
Net Profit / Share (Rs.)26.0924.3211.918.839.92
NP After MI And SOA / Share (Rs.)26.0924.3211.918.839.92
PBDIT Margin (%)10.6410.346.816.706.94
PBIT Margin (%)10.139.926.245.956.16
PBT Margin (%)10.059.836.195.836.68
Net Profit Margin (%)7.497.314.604.314.75
NP After MI And SOA Margin (%)7.497.314.604.314.75
Return on Networth / Equity (%)21.2822.8213.9711.7714.76
Return on Capital Employeed (%)28.6030.4118.8816.0618.63
Return On Assets (%)13.3213.728.257.279.34
Asset Turnover Ratio (%)1.872.071.951.802.06
Current Ratio (X)2.522.382.272.402.51
Quick Ratio (X)2.201.811.801.841.75
Dividend Payout Ratio (NP) (%)38.3212.3315.1111.3215.12
Dividend Payout Ratio (CP) (%)35.8811.6613.459.6413.00
Earning Retention Ratio (%)61.6887.6784.8988.6884.88
Cash Earning Retention Ratio (%)64.1288.3486.5590.3687.00
Interest Coverage Ratio (X)132.52120.13127.5556.3771.39
Interest Coverage Ratio (Post Tax) (X)94.3585.9487.1437.2843.57
Enterprise Value (Cr.)908.79792.24442.52310.84196.09
EV / Net Operating Revenue (X)0.730.670.480.420.26
EV / EBITDA (X)6.916.497.076.383.82
MarketCap / Net Operating Revenue (X)0.780.700.530.510.29
Retention Ratios (%)61.6787.6684.8888.6784.87
Price / BV (X)2.232.191.641.400.90
Price / Net Operating Revenue (X)0.780.700.530.510.29
EarningsYield0.090.100.080.080.16

D-Link India Ltd Profitability Ratios (%)

D-Link India Ltd Liquidity Ratios

D-Link India Ltd Liquidity Ratios (%)

D-Link India Ltd Interest Coverage Ratios (%)

D-Link India Ltd Valuation Ratios

Fair Value

Fair Value: 681.70

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.55% compared to the current price 628

Intrinsic Value: 828.66

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 31.95% compared to the current price 628

Last 5 Year EPS CAGR: 21.56%

*Investments are subject to market risks

Strength and Weakness of D-Link India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.08%, which is a positive sign.
  2. The company has higher reserves (206.83 cr) compared to borrowings (4.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (519.00 cr) and profit (43.54 cr) over the years.
  1. The stock has a high average Working Capital Days of 67.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 59.08, which may not be favorable.

FAQ

What is the latest fair value of D-Link India Ltd?

The latest fair value of D-Link India Ltd is ₹681.70.

What is the Market Cap of D-Link India Ltd?

The Market Cap of D-Link India Ltd is 2,229 Cr..

What is the current Stock Price of D-Link India Ltd as on 26 July 2024?

The current stock price of D-Link India Ltd as on 26 July 2024 is 628.

What is the High / Low of D-Link India Ltd stocks in FY 2024?

In FY 2024, the High / Low of D-Link India Ltd stocks is 685/255.

What is the Stock P/E of D-Link India Ltd?

The Stock P/E of D-Link India Ltd is 25.8.

What is the Book Value of D-Link India Ltd?

The Book Value of D-Link India Ltd is 117.

What is the Dividend Yield of D-Link India Ltd?

The Dividend Yield of D-Link India Ltd is 1.27 %.

What is the ROCE of D-Link India Ltd?

The ROCE of D-Link India Ltd is 29.5 %.

What is the ROE of D-Link India Ltd?

The ROE of D-Link India Ltd is 22.3 %.

What is the Face Value of D-Link India Ltd?

The Face Value of D-Link India Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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