Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1497 Cr.
Stock P/E
29.7
P/B
3.6
Current Price
₹400.1
Book Value
₹ 111.5
Face Value
10
52W High
₹519.7
52W Low
₹ 222.1
Dividend Yield
0.37%

Diffusion Engineers Overview

Business

Diffusion Engineers Ltd. is an Indian company operating in the Electrodes & Welding Equipment sector. Its core business involves the manufacturing and sale of a range of welding consumables, primarily welding electrodes, and potentially other related welding products and equipment. The company caters to various industrial applications, serving sectors such as infrastructure, manufacturing, automotive, construction, fabrication, and repair & maintenance. It makes money by selling these specialized consumables and equipment directly to industrial clients or through a distribution network.

Revenue Mix

While specific revenue contribution by segment is not publicly detailed, Diffusion Engineers Ltd. likely derives revenue from:

Welding Electrodes: Various types of electrodes including mild steel, low hydrogen, stainless steel, cast iron, hardfacing, and special purpose electrodes.

Welding Wires: MIG/MAG wires, flux-cored wires, and submerged arc wires.

Welding Equipment & Accessories: Potentially includes welding machines, torches, and safety gear, though consumables are typically the primary focus for an "Electrodes" company.

The mix would primarily lean towards different categories of electrodes and wires, driven by industrial demand for joining, fabrication, and repair applications.

Industry

The electrodes and welding equipment industry in India is mature, competitive, and highly reliant on the health of the manufacturing, infrastructure, and construction sectors. It features a mix of large established players (both domestic and international) and numerous smaller, regional manufacturers. Demand is driven by new industrial projects, expansion of existing manufacturing capacities, and consistent maintenance/repair needs. Diffusion Engineers Ltd. likely positions itself as a specialized or quality-focused player, potentially catering to specific niche applications or offering a comprehensive range to compete effectively within this fragmented market.

MOAT

Diffusion Engineers Ltd. may possess the following competitive advantages:

Product Specialization/Quality: Developing and manufacturing high-quality, specialized electrodes for specific industrial applications (e.g., hardfacing, critical alloys) can create customer loyalty due to performance reliability.

Brand Reputation: A long-standing presence and consistent product quality can build a trusted brand among industrial clients, where welding integrity is crucial.

Distribution Network: An efficient and widespread distribution network across industrial hubs in India can ensure timely availability and customer service.

Cost Efficiency: Achieving economies of scale or efficient manufacturing processes to offer competitive pricing, particularly for standard products.

Growth Drivers

Key factors that can drive growth for Diffusion Engineers Ltd. over the next 3-5 years include:

Infrastructure Development: Government spending on roads, railways, ports, and urban infrastructure projects will drive demand for welding consumables.

Manufacturing Sector Growth: Initiatives like 'Make in India' and expansion across automotive, heavy engineering, and capital goods sectors will boost industrial production and welding needs.

Increased Industrialization: Growing industrial activity across various states will expand the customer base for welding products.

Maintenance & Repair (MRO) Demand: The ongoing need for maintenance, repair, and overhaul in existing industrial facilities provides a steady revenue stream for consumables.

Technological Upgrades: Adoption of advanced welding technologies and specialized electrodes for critical applications.

Risks

Raw Material Price Volatility: Key inputs like steel, ferroalloys, and other metals are subject to price fluctuations, impacting production costs and margins.

Economic Slowdown: A downturn in the broader economy, particularly in industrial and manufacturing sectors, would directly reduce demand for welding equipment and consumables.

Intense Competition: The presence of numerous domestic and international players can lead to pricing pressure and market share erosion.

Technological Obsolescence: While less severe for basic electrodes, shifts in welding technology or introduction of alternative joining methods could pose a long-term risk.

Regulatory Changes: Environmental or industrial safety regulations could lead to increased compliance costs.

Management & Ownership

Information on specific promoter background, management quality assessments, or detailed ownership structure is not provided in the prompt. As an Indian listed company (Ticker: DIFFNKG), it would typically have a promoter group holding a significant stake, alongside institutional and public shareholders. The quality of management would be assessed based on their strategic decisions, financial performance, and corporate governance practices over time.

Outlook

Diffusion Engineers Ltd. operates in a foundational industry vital for India's economic development. The demand for welding electrodes and equipment is intrinsically linked to the growth of the manufacturing, infrastructure, and construction sectors, which are expected to see continued government impetus. This provides a favorable backdrop for sustained demand. However, the company faces inherent risks from raw material price volatility and intense competition from both domestic and international players. Its ability to innovate, maintain product quality, manage costs efficiently, and expand its distribution network will be crucial for navigating competitive pressures and capitalizing on India's industrial growth story.

Diffusion Engineers Share Price

Live · BSE / NSE · Inception: 2000
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Diffusion Engineers Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 74 71 82 79 103 81 84 101 142 110
Other Income 3 3 1 0 5 5 3 4 3 4
Total Income 77 74 84 79 107 86 87 104 144 114
Total Expenditure 66 62 70 69 88 70 71 87 121 96
Operating Profit 11 12 14 10 20 16 15 17 24 18
Interest 0 1 1 0 0 0 1 1 1 1
Depreciation 1 1 1 1 1 2 2 2 2 2
Exceptional Income / Expenses -0 -0 -0 0 0 0 0 -1 0 0
Profit Before Tax 9 10 12 9 18 14 13 14 21 16
Provision for Tax 2 3 2 1 5 3 2 4 5 3
Profit After Tax 7 7 10 8 13 11 11 10 16 12
Adjustments 2 -0 -1 -1 0 1 -1 2 0 4
Profit After Adjustments 9 7 8 7 13 12 10 12 16 17
Adjusted Earnings Per Share 3.3 2.6 3 1.9 3.5 3.3 2.7 3.2 4.3 4.4

Diffusion Engineers Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 99 109 111 154 154 155 205 255 278 335 407 437
Other Income 1 4 3 2 3 2 4 4 7 10 16 14
Total Income 100 112 114 156 157 157 209 259 286 345 423 449
Total Expenditure 83 95 97 137 137 135 182 227 239 289 351 375
Operating Profit 17 17 17 18 20 22 27 32 46 56 72 74
Interest 2 2 2 2 2 2 1 2 2 2 2 4
Depreciation 2 3 3 3 3 4 4 4 5 5 7 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -0 0 -1 -1
Profit Before Tax 13 13 12 13 14 16 22 29 41 47 65 64
Provision for Tax 4 4 3 4 4 5 5 7 10 11 15 14
Profit After Tax 9 9 9 9 10 11 17 22 31 36 50 49
Adjustments 0 1 1 0 1 -2 -0 0 -0 -0 -0 5
Profit After Adjustments 9 9 10 9 11 9 17 22 31 36 50 55
Adjusted Earnings Per Share 3.6 3.6 3.8 3.6 4.3 3.6 6.5 8.5 10.9 9.6 13.4 14.6

Diffusion Engineers Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 63 72 81 88 95 103 121 142 191 369 405
Minority's Interest 0 1 0 0 0 0 0 0 0 0 1
Borrowings 6 0 1 1 12 6 3 2 0 0 0
Other Non-Current Liabilities 2 2 2 3 3 4 4 5 6 7 6
Total Current Liabilities 30 42 36 43 59 40 62 82 78 69 99
Total Liabilities 102 117 120 134 170 154 190 230 276 444 510
Fixed Assets 32 41 42 42 62 57 60 64 91 98 110
Other Non-Current Assets 21 15 15 18 18 15 25 28 37 47 76
Total Current Assets 49 61 63 73 90 82 105 139 148 300 324
Total Assets 102 117 120 134 170 154 190 230 276 444 510

Diffusion Engineers Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 1 2 1 2 3 5 3 5 8 127
Cash Flow from Operating Activities 8 5 10 13 10 7 11 -5 36 9 23
Cash Flow from Investing Activities -10 -3 -2 -4 -23 2 -15 -13 -36 -18 -40
Cash Flow from Financing Activities 2 -0 -9 -8 14 -7 3 20 3 129 -12
Net Cash Inflow / Outflow 0 1 -2 0 2 2 -2 1 3 119 -29
Closing Cash & Cash Equivalent 1 2 1 2 3 5 3 5 8 127 98

Diffusion Engineers Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.59 3.56 3.76 3.63 4.26 3.59 6.51 8.47 10.94 9.59 13.45
CEPS(Rs) 4.33 4.35 4.61 4.75 5.2 5.83 8.11 9.93 12.62 11.04 15.3
DPS(Rs) 0.36 0.36 0.71 0.64 0.5 0.57 0.57 0.57 0.5 1.5 1.5
Book NAV/Share(Rs) 24.25 27.6 30.86 33.45 36.38 39.47 46.12 54.28 68.06 98.56 108.19
Core EBITDA Margin(%) 14.48 11.41 12.04 10.77 10.67 13.17 10.99 10.94 13.97 13.84 13.74
EBIT Margin(%) 13.79 12.28 11.97 9.84 10.43 11.79 11.42 12.15 15.4 14.67 16.52
Pre Tax Margin(%) 12.12 10.47 10.21 8.34 9.19 10.51 10.74 11.24 14.77 13.99 15.99
PAT Margin (%) 8.38 7.22 8.02 6.06 6.66 7.26 8.33 8.69 11.07 10.75 12.4
Cash Profit Margin (%) 10.37 9.44 10.54 8.04 8.7 9.76 10.37 10.2 12.71 12.32 14.08
ROA(%) 9.39 7.96 7.75 7.39 6.87 7.02 9.93 10.55 12.18 10.01 10.56
ROE(%) 15.2 12.82 12 11.13 11.41 11.44 15.23 16.86 18.52 12.88 13.03
ROCE(%) 18.79 16.22 14.03 15.1 14.19 14.73 17.42 18.46 20.63 15.94 16.27
Receivable days 77.02 79.69 91.67 74.39 79.33 88.02 81.42 86.27 89.75 82.44 95.59
Inventory Days 65.18 68.6 85.08 73.22 94.86 89.08 65.92 68.8 68.84 66.13 63.71
Payable days 96.42 89.18 97.15 64.94 90.24 89.92 77.64 68.73 69.17 61.61 60.69
PER(x) 0 0 0 0 0 0 0 0 0 27.24 18.52
Price/Book(x) 0 0 0 0 0 0 0 0 0 2.65 2.3
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0.57 0.6
EV/Net Sales(x) 0.24 0.23 0.18 0.11 0.22 0.12 0.12 0.19 0.2 2.61 2.12
EV/Core EBITDA(x) 1.38 1.45 1.22 0.94 1.7 0.84 0.93 1.49 1.18 15.5 11.96
Net Sales Growth(%) 0.01 10.18 1.85 39.01 0.1 0.77 31.77 24.58 9.13 20.54 21.28
EBIT Growth(%) 14.97 -1.86 -7.31 11.03 7.32 12.88 26.77 32.49 38.39 14.8 36.61
PAT Growth(%) 28.24 -4.95 5.54 2.03 11.3 8.92 50.14 29.91 39.1 17 39.87
EPS Growth(%) 31.64 -0.81 5.5 -3.41 17.34 -15.79 81.5 30.18 29.14 -12.31 40.14
Debt/Equity(x) 0.35 0.34 0.22 0.17 0.34 0.19 0.2 0.34 0.18 0.06 0.07
Current Ratio(x) 1.64 1.44 1.77 1.72 1.51 2.02 1.69 1.7 1.89 4.38 3.28
Quick Ratio(x) 0.99 0.82 1 0.91 0.73 1.29 0.97 1.07 1.21 3.38 2.53
Interest Cover(x) 8.24 6.79 6.8 6.56 8.37 9.21 16.81 13.48 24.41 21.63 31.29
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.02 0.03

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +21% +17% +21% +15%
Operating Profit CAGR +29% +31% +27% +16%
PAT CAGR +39% +31% +35% +19%
Share Price CAGR +5% — — —
ROE Average +13% +15% +15% +14%
ROCE Average +16% +18% +18% +17%

Diffusion Engineers Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 69.76 %
FII 1.17 %
DII (MF + Insurance) 8.45 %
Public (retail) 20.62 %
# Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 69.769.769.769.769.769.7669.7669.76
FII 1.380.020.670.570.140.410.721.17
DII 8.568.977.927.56.88.138.418.45
Public 20.3621.3121.722.2323.3621.7121.1120.62
Others 00000000
Total 100100100100100100100100

Diffusion Engineers Peer Comparison

Electrodes & Welding Equipment Edit Columns

Diffusion Engineers Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Diffusion Engineers Pros & Cons

Pros

  • Company has delivered good profit growth of 35% CAGR over last 5 years
  • Debtor days have improved from 61.61 to 60.69days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.6 times its book value.
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