BSE: 533146 | NSE: DLINKINDIA | IT - Networking | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that D-Link (India) Ltd is a good quality company.
The key valuation ratios of D-Link (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of D-Link (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.4% | 23.2% | 14.3% | 9.3% | 19.9% | 22.7% | 16.8% | 20.3% | 35.3% | 31.6% | - |
| Value Creation Index ⓘ | 1.0 | 0.7 | 0.0 | -0.3 | 0.4 | 0.6 | 0.2 | 0.5 | 1.5 | 1.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 625 | 701 | 687 | 626 | 700 | 726 | 711 | 904 | 1,171 | 1,227 | 1,303 |
| Sales YoY Gr. | - | 12.1% | -1.9% | -8.9% | 11.7% | 3.7% | -2.1% | 27.2% | 29.6% | 4.8% | - |
| Adj EPS ⓘ | 5.8 | 6.3 | 4.1 | 2.5 | 7.7 | 8.3 | 7.5 | 10.8 | 22.9 | 23.9 | 27.2 |
| YoY Gr. | - | 8.4% | -35.6% | -37.8% | 202.4% | 8.4% | -9.2% | 42.8% | 113% | 4.5% | - |
| BVPS (₹) ⓘ | 37.9 | 43.1 | 47.6 | 50.1 | 56.1 | 63.9 | 71.2 | 80.8 | 101.6 | 117 | 118.1 |
| Adj Net Profit ⓘ | 20.7 | 22.5 | 14.5 | 9 | 27.2 | 29.4 | 26.7 | 38.2 | 81.3 | 85 | 97 |
| Cash Flow from Ops. ⓘ | 1 | 16.7 | -19.1 | 30.7 | -0.6 | 27.9 | 70.8 | 29.8 | 3.9 | 119 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 0 | -0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.8% | 11.9% | 20% | 4.8% | ||||
| Adj EPS ⓘ | 17% | 25.6% | 47% | 4.5% | ||||
| BVPSⓘ | 13.4% | 15.8% | 18% | 15.2% | ||||
| Share Price | 14.3% | 42.2% | 52.9% | 71.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.7 | 15.6 | 9 | 5.2 | 14.4 | 13.8 | 11.1 | 14.2 | 25.1 | 21.9 | 23.1 |
| Op. Profit Mgn % ⓘ | 5.3 | 5.1 | 3.4 | 2.5 | 6.2 | 5.6 | 5.4 | 5.9 | 9.6 | 9.4 | 9.2 |
| Net Profit Mgn % ⓘ | 3.3 | 3.2 | 2.1 | 1.4 | 3.9 | 4.1 | 3.8 | 4.2 | 6.9 | 6.9 | 7.4 |
| Debt to Equity ⓘ | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 113 | 130 | 138 | 150 | 151 | 160 | 169 | 148 | 148 | 164 | 80 |
| Cash Conv. Cycle ⓘ | 50 | 51 | 57 | 71 | 65 | 71 | 62 | 45 | 48 | 45 | 50 |
Return on Equity has increased versus last 3 years average to 23.10%
Sales growth is growing at healthy rate in last 3 years 19.98%
Net Profit is growing at healthy rate in last 3 years 47.04%
Sales growth is not so good in last 4 quarters at 9.40%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 27.2 | 27.7 |
| TTM Sales (₹ Cr.) | 1,303 | 1,311 |
| BVPS (₹.) ⓘ | 118.1 | 123.8 |
| Reserves (₹ Cr.) ⓘ | 412 | 433 |
| P/BV ⓘ | 4.42 | 4.22 |
| PE ⓘ | 19.21 | 18.85 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 255.90 / 728.00 |
| All Time Low / High (₹) | 15.15 / 728.00 |
| Market Cap (₹ Cr.) | 1,855 |
| Equity (₹ Cr.) | 7.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 19 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 625 | 701 | 687 | 626 | 700 | 726 | 711 | 904 | 1,171 | 1,227 |
| Operating Expenses ⓘ | 592 | 667 | 664 | 611 | 657 | 685 | 672 | 851 | 1,059 | 1,112 |
| Manufacturing Costs | 2 | 2 | 1 | 4 | 3 | 5 | 10 | 14 | 18 | 20 |
| Material Costs | 511 | 590 | 587 | 544 | 583 | 597 | 597 | 789 | 984 | 1,033 |
| Employee Cost | 30 | 31 | 30 | 29 | 26 | 26 | 27 | 29 | 34 | 35 |
| Other Costs ⓘ | 49 | 44 | 46 | 35 | 44 | 57 | 38 | 18 | 23 | 24 |
| Operating Profit ⓘ | 33 | 34 | 23 | 15 | 43 | 40 | 38 | 53 | 113 | 116 |
| Operating Profit Margin (%) | 5.3% | 4.8% | 3.3% | 2.5% | 6.1% | 5.6% | 5.4% | 5.9% | 9.6% | 9.4% |
| Other Income ⓘ | 2 | 1 | 2 | 2 | 1 | 8 | 6 | 6 | 6 | 13 |
| Interest ⓘ | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 |
| Depreciation ⓘ | 2 | 1 | 1 | 1 | 1 | 4 | 4 | 4 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -5 | 5 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 32 | 33 | 23 | 16 | 37 | 48 | 40 | 54 | 113 | 122 |
| Tax ⓘ | 11 | 12 | 8 | 5 | 14 | 14 | 10 | 14 | 29 | 31 |
| Profit After Tax | 21 | 21 | 15 | 10 | 24 | 34 | 29 | 40 | 84 | 91 |
| PAT Margin (%) | 3.4% | 3.1% | 2.2% | 1.7% | 3.4% | 4.7% | 4.1% | 4.5% | 7.2% | 7.4% |
| Adjusted EPS (₹) | 6.0 | 6.1 | 4.3 | 2.9 | 6.6 | 9.6 | 8.3 | 11.4 | 23.8 | 25.6 |
| Dividend Payout Ratio (%) | 12% | 12% | 12% | 17% | 15% | 16% | 22% | 26% | 42% | 51% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 134 | 153 | 169 | 178 | 199 | 227 | 253 | 287 | 361 | 415 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves ⓘ | 127 | 146 | 162 | 171 | 192 | 220 | 246 | 280 | 354 | 408 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 2 | 0 | 11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 115 | 164 | 74 | 119 | 120 | 123 | 150 | 199 | 231 | 241 |
| Others Liabilities ⓘ | 7 | 7 | 22 | 26 | 36 | 50 | 61 | 72 | 110 | 140 |
| Total Liabilities ⓘ | 259 | 324 | 276 | 323 | 354 | 400 | 464 | 558 | 702 | 797 |
Fixed Assets | ||||||||||
| Gross Block | 27 | 27 | 19 | 20 | 19 | 30 | 31 | 32 | 42 | 33 |
| Accumulated Depreciation | 8 | 9 | 1 | 2 | 3 | 7 | 11 | 14 | 18 | 11 |
| Net Fixed Assetsⓘ | 19 | 18 | 18 | 17 | 16 | 23 | 20 | 18 | 24 | 22 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 17 | 22 | 17 | 21 | 24 | 39 | 65 | 99 | 110 | 174 |
| Inventories | 78 | 100 | 65 | 64 | 83 | 99 | 91 | 98 | 140 | 82 |
| Trade Receivables | 141 | 171 | 145 | 171 | 184 | 172 | 175 | 230 | 303 | 338 |
| Cash Equivalents | 0 | 7 | 1 | 12 | 7 | 10 | 50 | 38 | 20 | 43 |
| Others Assetsⓘ | 4 | 6 | 31 | 38 | 40 | 56 | 62 | 76 | 105 | 138 |
| Total Assets ⓘ | 259 | 324 | 276 | 323 | 354 | 400 | 464 | 558 | 702 | 797 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 17 | -19 | 31 | -1 | 28 | 71 | 30 | 4 | 119 |
| PBT ⓘ | 32 | 33 | 24 | 16 | 37 | 48 | 40 | 54 | 113 | 122 |
| Adjustment ⓘ | 3 | -2 | 5 | 3 | 1 | 1 | 3 | 1 | 0 | -3 |
| Changes in Working Capital ⓘ | -24 | -1 | -39 | 20 | -26 | -9 | 38 | -11 | -81 | 32 |
| Tax Paid ⓘ | -10 | -14 | -9 | -8 | -13 | -12 | -10 | -14 | -29 | -32 |
| Cash Flow From Investing Activity ⓘ | -1 | -5 | 5 | -5 | -2 | -17 | -56 | -18 | -1 | -66 |
| Capex | -1 | 0 | -1 | -1 | 0 | 0 | 0 | -1 | -1 | -1 |
| Net Investments | 0 | -4 | 5 | -4 | -2 | -16 | -57 | -18 | -1 | -67 |
| Others ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -3 | -6 | -4 | -3 | -2 | -10 | -7 | -10 | -15 | -41 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | 0 | 0 | -1 | 0 | -1 | -1 |
| Dividend Paid ⓘ | -2 | -2 | -2 | -2 | -2 | -6 | -4 | -6 | -11 | -36 |
| Others ⓘ | -2 | -3 | -1 | 0 | 0 | -3 | -3 | -3 | -3 | -5 |
| Net Cash Flow ⓘ | -3 | 7 | -18 | 23 | -5 | 1 | 8 | 2 | -12 | 12 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 18.22 | 14.96 | 9.48 | 6.01 | 12.49 | 15.99 | 12.23 | 15 | 26.05 | 23.38 |
| ROCE (%) | 27.4 | 23.16 | 14.3 | 9.27 | 19.86 | 22.7 | 16.81 | 20.31 | 35.32 | 31.6 |
| Asset Turnover Ratio | 2.8 | 2.41 | 2.29 | 2.09 | 2.06 | 1.92 | 1.65 | 1.77 | 1.86 | 1.64 |
| PAT to CFO Conversion(x) | 0.05 | 0.81 | -1.27 | 3.1 | -0.04 | 0.82 | 2.45 | 0.75 | 0.05 | 1.31 | Working Capital Days |
| Receivable Days | 69 | 81 | 84 | 92 | 93 | 90 | 89 | 82 | 83 | 95 |
| Inventory Days | 41 | 46 | 44 | 38 | 38 | 46 | 49 | 38 | 37 | 33 |
| Payable Days | 69 | 86 | 74 | 65 | 75 | 74 | 84 | 81 | 80 | 84 |
-Link (India) was incorporated in the year 1986. It is a global leader in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions. Following the company motto, 'Building Networks for People', D-Link continually meets the global networking and connectivity needs of digital home consumers, small office professionals, small- to medium-sized businesses, and enterprise environments.
D-Link India deals with a complete range of co-branded products from Foundry Networks Inc of US in India. It deals with the design, manufacture and marketing of networking, broadband, digital, voice, and data communications solutions. It offers its products through distributors, dealers and resellers in India and internationally. It is working on emerging technologies such as embedded systems, protocol programming, digital signal processing based systems, etc. The company is focusing on projects including development of IP phones, IPBX, Wireless LAN and Network security. D-Link (India) Ltd. is a part of the multinational D-Link Corporation, which has a presence in over 100 countries. D-Link India's (Group) revenue was Rs 342 crore in FY'06. Its core business is in the area of networking and communications
D-Link (India) has a strong infrastructural presence with ISO 9001:2000 and ISO 14001:1996 certified state-of-the-art manufacturing plants in Goa; software and R&D centres in Goa and Bangalore; and a global tech support call centre in Mumbai. It has a nationwide network of 17 offices, 21 territory distributors, 400+ dealers and 4000+ resellers and four overseas distributors in SAARC countries providing active sales and service support.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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