Disa India‘s board recently approved the payment of the first interim dividend for the financial year 2023–24 at Rs. 100 per equity share, totaling Rs. 145.42 million.
The stock price closed on the NSE at Rs. 14900/- as of February 9, 2024. The company is almost debt-free, with a strong promoter holding of 74.82%. In the recent December 23 quarter result, the company reported net sales of Rs. 61.04 crore.
The company’s net sales increased by 15.69% from the previous year. The net profit for Q3 FY24 was Rs. 5.75 crore; it is showing a 145.73% surge compared to Q3 FY23.
The EBITDA also saw a notable rise of 94.85%, reaching Rs. 9.08 crore in Q3 FY24. Equity research analyst Mandar Bhojane suggests a potential breakout in the stock price from the 16300 levels could trigger a bullish move.
The company had FIIs holding 0.02%, DIIs holding 8.02%, and the public holding 17.14% during Q3 FY24.
Disa India, a small-cap company in the capital goods industry, specializes in manufacturing and distributing premium industrial equipment. The company offers advanced solutions for the aluminum and iron foundry sectors.
The company was established in 1984. The company HQ is situated in Bengaluru. The company’s manufacturing facility is located in Tumkur, Karnataka, offering premium foundry and shot blasting equipment and advanced solutions for aluminum die casting, melting, and dosing.
The company has six global brands: DISA, Wheelabrator, ItalPresseGauss, StrikoWestofen, Simpson, Monitizer, and Wheelabrator. DISA India Limited has a dedicated Research and Development Center in Bangalore, collaborating with the European head offices of DISA, Italpresse Gauss, StrikoWestofen, Simpson, Monitizer, and Wheelabrator.
The company’s 98% of revenues were generated from the sale of foundry machinery, with the remaining 2% from services and filters. The company has a strong aftermarket network with distributors across various locations and manufacturing facilities in Tumkur and Hosakote, near Bangalore, Karnataka.
Management of Disa India
Name
Designation
Deepa Hingorani
Chairperson
Lokesh Saxena
Managing Director
Bhagya Chandra Rao
Independent Director
Anders Wilhjelm
Director
Ulla P Tonnesen
Director
Michael Declan Guerin
Director
Registered Address of Disa India
World Trade Center (WTC), 6th Floor, Unit No. S-604,,Brigade Gateway Campus, Bengaluru Karnataka 560055
This is a comprehensive guide to Disa India. The above-mentioned information and data are as of February 10, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments.
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