Breaking News: Rs 100/Share Dividend Unveiled by Debt-Free Stock with Strong Promoter Holding – Buy or Miss Out?

Disa India

Telegram Channel Join
WhatsApp Channel Join

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.

About Disa India

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

NameDesignation
Deepa HingoraniChairperson
Lokesh SaxenaManaging Director
Bhagya Chandra RaoIndependent Director
Anders WilhjelmDirector
Ulla P TonnesenDirector
Michael Declan GuerinDirector

Registered Address of Disa India

World Trade Center (WTC),
6th Floor, Unit No. S-604,,Brigade Gateway Campus,
Bengaluru
Karnataka
560055

Tel: 80-22496700 80-22496701
Fax: 80-22496750
Email: investor.relations@noricangroup.com
Website: http://www.disagroup.com

Industry Type

SectorCapital Goods
Sub SectorIndustrial Products
ClassificationSmallCap
Industry NameEngineering
BSE Scrip Code500068
NSE Scrip CodeDISAQ
ISININE131C01011

Pros of Disa India

The Company has reduced debt.
The company is almost debt free.
The company has been maintaining a healthy dividend payout of 39.9%

Cons of Disa India

Stock is trading at 8.96 times its book value
The company has delivered a poor sales growth of 5.03% over past five years.
Debtor days have increased from 52.1 to 64.4 days.

Historical Performance

YearsLowHigh
1 Year7600.1017570.00
3 Years3853.0017570.00
5 Years2700.0017570.00

Investment Returns

PeriodReturns
1 year79.25%
2 Years133.89%
3 Years270.57%
4 Years221.51%
5 Years146.53%

Dividend History of Disa India

Ex-Dividend DateDividendTypePayment DateYield
Feb 16, 2024100Interim PaymentMar 06, 20240.74%
Aug 03, 202310Final PaymentSep 08, 20230.93%
Feb 21, 2023100Interim PaymentMar 10, 20233.23%
Aug 03, 202210Final PaymentSep 11, 20222.10%
Apr 07, 2022150Interim PaymentApr 27, 20222.27%
Aug 03, 202110AnnualSep 11, 20210.18%
Aug 03, 20202.5AnnualSep 11, 20200.07%
Jul 30, 20192.5AnnualSep 07, 20190.05%
Jul 31, 20182.5AnnualSep 08, 20180.04%
Aug 01, 20172.5AnnualSep 10, 20170.05%
Aug 02, 20162.5AnnualSep 11, 20160.06%
Jul 28, 20152.5AnnualAug 25, 20150.06%
Apr 25, 20142.5AnnualMay 24, 20140.08%
May 07, 20132.5AnnualMay 30, 20130.10%
Apr 30, 2012200AnnualMay 21, 20125.40%
Apr 11, 2008200AnnualApr 23, 20089.30%
Apr 16, 20074AnnualMay 18, 20070.27%
Apr 20, 20064AnnualJun 01, 20060.37%
Apr 20, 200640Bonus PaymentJun 01, 20064.30%
Jun 14, 20053Annual0.38%
Apr 13, 20041.8Annual1.29%
Sep 12, 20031.2Annual1.21%
Aug 13, 20022.4AnnualSep 29, 20023.11%
Aug 02, 20012.4AnnualSep 20, 2001

Chart

Breaking News: Rs 100/Share Dividend Unveiled by Debt-Free Stock with Strong Promoter Holding - Buy or Miss Out?
Breaking News: Rs 100/Share Dividend Unveiled by Debt-Free Stock with Strong Promoter Holding - Buy or Miss Out?

Fundamental Analysis of Disa India

ParameterValue
Market Cap₹ 2,167 Cr.
Current Price₹ 14,900
High / Low₹ 17,570 / ₹ 7,600
Stock P/E51.8
Book Value₹ 1,663
Dividend Yield0.74 %
ROCE18.9 %
ROE14.0 %
Face Value₹ 10.0
Pledged percentage0.00 %
EVEBITDA31.6
Change in Prom Hold0.00 %
Debt to equity0.00
Return on equity14.0 %
EPS₹ 275
Price to book value8.96
Dividend yield0.74 %
Debt₹ 1.12 Cr.

Peer Comparison

NameP/EMar Cap Rs.Cr.Div Yld %ROCE %
Thermax73.1839919.70.315.06
Jupiter Wagons57.1415390.90.1324.35
Jyoti CNC Auto. 13589.709.94
Titagarh Rail52.7613469.40.0517.58
Action Const.Eq.47.4813144.40.0926.17
Elecon Engg.Co35.5711378.80.224.9
Praj Industries32.859182.380.930.95
Disa India51.832166.840.7418.87

Shareholding of Disa India

HoldersMar-20Mar-21Mar-22Mar-23Dec-23
Promoters 74.82%74.82%74.82%74.82%74.82%
FIIs 0.14%0.14%0.02%0.02%0.02%
DIIs 9.77%9.07%8.67%7.96%8.02%
Public 15.26%15.97%16.49%17.19%17.14%
Govt.
Others

Last 5 Years’ Sales (In Cr.)

March 2019March 2020March 2021March 2022March 2023
252233185256262

Last 5 Years’ Net Profit (In Cr.)

March 2019March 2020March 2021March 2022March 2023
2930243930

Balance Sheet of Disa India (In Cr.)

 Mar-20Mar-21Mar-22Mar-23Sep-23
Equity Capital11111
Reserves165189205218240
Borrowings +06431
Other Liabilities +6781127133153
Total Liabilities234277337355396
Fixed Assets +2326364847
CWIP00400
Investments00000
Other Assets +210251297307349
Total Assets234277337355396

Compounded Sales Growth

10 Years:%
5 Years:5%
3 Years:4%
TTM:19%

Compounded Profit Growth

10 Years:%
5 Years:12%
3 Years:0%
TTM:29%

CAGR

10 Years:16%
5 Years:20%
3 Years:55%
1 Year:84%

Return on Equity

10 Years:%
5 Years:17%
3 Years:16%
Last Year:14%

Cash Flow (In Cr.)

ParticularsMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Operating Activities169681839
Investing Activities-12-5-78-194
Financing Activities-113-4-39
Net Cash Flow46-6-54

Revenue and Profit Trend

Financial YearRevenue GrowthProfit Growth
FY 2022-231.91%-24.09%
FY 2021-2239.52%58.91%
FY 2020-21-29.61%-17.51%
FY 2019-20-7.57%2.81%
FY 2018-1923.52%70.64%

Also Read – Breaking Records: Hero MotoCorp Ltd Hits 52-Week High on 5000% Dividend News

Conclusion

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.

If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please leave them in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.

Disclaimer: Dear Readers, we are not authorized by SEBI (Securities and Exchange Board of India). The information provided above is for educational purposes and should not be considered financial advice or stock recommendations. Share price predictions are for reference purposes and are based on positive market indicators. The analysis does not account for uncertainties about future or current market conditions. The author, brokerage firm, or Finreturns.com are not liable for losses resulting from decisions. Finreturns.com advises consulting with certified experts before investment decisions.

Telegram Channel Join
WhatsApp Channel Join

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here