Disa India Ltd
DISAQDisa India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: annual EPS moved +6.3% against a −19.0% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (76 weeks in) while the P/E sits at the 32nd percentile of its own 10-year range. Underneath, the last four quarters read mixed — profit +0.0% year on year, and 69% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Disa India Ltd trades at ₹11,909, in a downtrend and 76 weeks into that stage. That is −4.4% against its own 200-day average. It sits at 23% of a 52-week range of ₹11,200 to ₹14,311. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (4 weeks and counting).
Today the stock is in a downtrend — week 76 of stage 4, confirmed. At ₹11,909 it trades −4.4% versus its 200-day average and sits at 23% of its 52-week range (₹11,200–₹14,311).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +181% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (4 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 32nd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Disa India Ltd trades at 31.3× P/E, near the bottom of its own range — cheaper only 32% of the time. Its long-run median P/E is 39.3×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 31.3× is near the bottom of its own range — cheaper only 32% of the time, against a long-run median of 39.3× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +6.3% against a −19.0% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +17.3%/yr price move, ~+18.4%/yr came from earnings growth and ~−1.1 pp from the multiple (compressing); over 10y, of the +10.6%/yr price move, ~+18.6%/yr came from earnings growth and ~−8.0 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Disa India Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 27.0% — the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +9.0% | +17.5% | +18.1% | +11.5% |
| Profit | +8.0% | +21.6% | +17.6% | +17.2% |
| EPS | +6.3% | +21.7% | +17.3% | +18.0% |
| Share price | −19.0% | +4.8% | +17.3% | +10.6% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
63.5/100 — rank 2 of 16 in Capital Goods - Engineering Heavy · 77% evidence confidence
Disa India Ltd scores 63.5 out of 100 against the 16 companies it is compared with in Capital Goods - Engineering Heavy, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 18.5 + 21.8 + 12.5 + 10.7 = 63.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Disa India Ltd reported ₹91.0 Cr of revenue in the Mar 26 quarter, −15.7% year on year. Over 10 years it has compounded at 11.5% a year. The last full year, FY26, came in at ₹425 Cr. The last four reported quarters add to ₹426 Cr.
Disa India Ltd reported ₹91.0 Cr of revenue in the Mar 26 quarter, −15.7% year on year. Over 10 years it has compounded at 11.5% a year. The last full year, FY26, came in at ₹425 Cr. The last four reported quarters add to ₹426 Cr.
FY26 revenue came in at ₹425 Cr (+9.0% on the year), capping 10 years at 11.5% compound. The latest quarter (Mar 26) printed ₹91.0 Cr, −15.7% year on year.
Pace check: the last four quarters averaged +10.1% growth against the decade's 11.5% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +9.2% over the last 4 quarters against +14.0%/yr over the last 8 — rolling over; TTM profit +6.0% vs +11.0%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 17.0% this quarter (+0.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Disa India Ltd's operating margin is 17.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0% to 18.0%. The current quarter sits inside that band.
Disa India Ltd's operating margin is 17.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0% to 18.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 17.0%, +0.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 9.0%–18.0%.
Why the margin moved: operating margin went +0.4 pp year on year while gross margin went +1.4 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit +0.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Disa India Ltd earned ₹13.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹54.0 Cr. The 10-year compound rate is 17.2%. That is 14.3% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.
Disa India Ltd earned ₹13.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹54.0 Cr. The 10-year compound rate is 17.2%. That is 14.3% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr.
Mar 26 profit was ₹13.0 Cr, +0.0% year on year. On the full year, FY26 printed ₹54.0 Cr (+8.0%), and the 10-year compound rate is 17.2%.
🚨 Why profit moved: revenue contributed −15.7% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +9.2% vs revenue +10.1%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: 69% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 69% of Disa India Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹13.0 Cr of operating cash against ₹54.0 Cr of profit. After ₹37.0 Cr of capital spending, ₹−24.0 Cr was left as free cash.
FY26: operating cash of ₹13.0 Cr against reported profit of ₹54.0 Cr, leaving free cash of ₹−24.0 Cr after ₹37.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 69% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 69%: the cash cycle stretched 27 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 27 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 89-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Disa India Ltd's cash conversion cycle runs 89 days in FY26, up from 62 days in FY21. Capital spending ran ₹60.0 Cr over the last 3 years. At FY26 sales of ₹425 Cr each day of that cycle holds about ₹1.2 Cr, so roughly ₹104 Cr sits inside the business at any moment.
FY26: debtors at 61 days, inventory at 112 days — roughly 3.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 89 days, looser than FY21's 62.
The full loop: cash goes out to suppliers and production on day 0; stock waits 112 days to sell; customers pay about 61 days after that; and suppliers themselves are paid at 84 days — netting out to the 89-day cycle.
In money terms: at FY26 sales of ₹425 Cr, each day of the cycle holds about ₹1.2 Cr — so the 89-day loop keeps roughly ₹104 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹60.0 Cr over the last 3 fiscal years against ₹15.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹29.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 27% and the ROIC − WACC spread is +24.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Disa India Ltd earns a ROCE of 27% in FY26. That is up from a trough of 16% in FY16. Return on invested capital clears the cost of that capital by +24.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 12.7% net margin on 0.89× asset turns.
FY26 ROCE is 27%, recovered from a FY16 trough of 16% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 12.7% net margin × 0.89× asset turns × 1.56× balance-sheet leverage ≈ 17.6% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 36.7% − 12.0% = a +24.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Disa India Ltd carries total debt of ₹0.0 Cr against shareholder equity of ₹277 Cr as of Dec 25, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.02 in FY22 to 0.00 in FY25. The returns elsewhere on this page are therefore earned rather than borrowed.
Dec 25: total debt of ₹0.0 Cr against shareholder equity of ₹277 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.02 (FY22) to 0.00 (FY25). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Disa India Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 74.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +0.3 points over 8 quarters to 8.3%; Promoters: +0.0 points over 8 quarters to 74.8%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Disa India Ltd: the Z-score reads 9.54. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 9.54 sits well clear of the distress zone — the balance sheet is not the risk here.
The safety line in one sentence: the Z-score reads 9.54.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Disa India Ltd this page | 31.3× | ₹1,761 Cr | Mixed | |||
| Bharat Heavy Electricals Ltd | 59.7× | ₹1.5L Cr | Mixed | |||
| Suzlon Energy Ltd | 22.5× | ₹71,276 Cr | Mixed | |||
| Inox Wind Ltd | 32.8× | ₹13,302 Cr | No read | |||
| Praj Industries Ltd | 299.0× | ₹5,946 Cr | Turning around | |||
| John Cockerill India Ltd | — | ₹4,413 Cr | No read | |||
| The Anup Engineering Ltd | 38.1× | ₹4,246 Cr | Topping out | |||
| Windsor Machines Ltd | 2,498.0× | ₹3,023 Cr | No read | |||
| JNK India Ltd | 40.6× | ₹2,635 Cr | Turning around | |||
| Concord Control Systems Ltd | 60.1× | ₹2,548 Cr | Mixed | |||
| Concord Control Systems Ltd | 78.9× | ₹2,400 Cr | No read | |||
| John Cockerill India Ltd | 105.0× | ₹2,138 Cr | No read | |||
| Walchandnagar Industries Ltd | — | ₹1,609 Cr | No read | |||
| Kabra Extrusion Technik Ltd | — | ₹1,318 Cr | Deteriorating | |||
| Eimco Elecon (India) Ltd | 27.0× | ₹1,032 Cr | Mixed | |||
| Bajaj Steel Industries Ltd | 22.3× | ₹823 Cr | Deteriorating | |||
| Bajaj Steel Industries Ltd | 13.5× | ₹710 Cr | Mixed | |||
| Integra Engineering India Ltd | 39.2× | ₹582 Cr | Deteriorating | |||
| Integra Engineering India Ltd | 33.2× | ₹535 Cr | Mixed | |||
| Hercules Investments Ltd | 8.6× | ₹317 Cr | Turning around |
Frequently asked questions
What is Disa India Ltd's share price today?
Disa India Ltd trades at ₹11,909, −19.0% over the past year. The company is valued at ₹1,761 Cr. The stock sits at 23% of its 52-week range of ₹11,200–₹14,311, −4.4% versus its 200-day average. On the tape, the price is in a downtrend, 76 weeks in. — as of 24 July 2026.
What were Disa India Ltd's latest quarterly results?
Disa India Ltd reported revenue of ₹91.0 Cr and net profit of ₹13.0 Cr for the Mar 26 quarter. Revenue fell 15.7% and profit rose 0.0% year on year. Earnings per share were ₹90.63. The operating margin was 17.0%, 0.0 pp higher than a year earlier. — as of 24 July 2026.
What is Disa India Ltd's revenue?
Disa India Ltd reported revenue of ₹91.0 Cr in the Mar 26 quarter, −15.7% year on year. For the full FY26 fiscal year, revenue was ₹425 Cr (+9.0%). Over the last 10 years revenue compounded at 11.5% a year. — as of 24 July 2026.
What is Disa India Ltd's profit?
Disa India Ltd earned ₹13.0 Cr of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY26 profit was ₹54.0 Cr. The operating margin ran 17.0% in the latest quarter. — as of 24 July 2026.
What is Disa India Ltd's market cap?
Disa India Ltd's market capitalisation is ₹1,761 Cr at a share price of ₹11,909. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Disa India Ltd's P/E ratio?
Disa India Ltd trades at a P/E of 31.3×, at the 32nd percentile of its own 10-year range, against a long-run median of 39.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Is Disa India Ltd overvalued?
On its own history, Disa India Ltd looks cheap against its own history: its P/E of 31.3× has been cheaper only 32% of the time in 10 years (long-run median 39.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Disa India Ltd growing?
The picture is mixed for Disa India Ltd: latest-quarter revenue −15.7% year on year, profit +0.0%, and the margin +0.0 pp at 17.0%. The 10-year compound rates are 11.5% (revenue) and 17.2% (profit). The earnings engine currently reads: mixed — as of 24 July 2026.
How is Disa India Ltd performing?
Disa India Ltd is in a downtrend, 76 weeks in. Its latest quarter's revenue fell 15.7% and profit rose 0.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 4 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Disa India Ltd in?
Mixed — no clean majority across the growth curves, ROCE holding at 27.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth −15.7% latest, profit growth +0.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Disa India Ltd in an uptrend?
No — the price is in a downtrend (week 76 of stage 4), trading −4.4% versus its 200-day average and at 23% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Disa India Ltd beating the market?
Not lately — on a trailing-13-week view Disa India Ltd is currently behind the NIFTY 500 (4 weeks and counting; last ahead the week of 2026-06-25), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +181% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Disa India Ltd's share price go up?
This page publishes no price forecast for Disa India Ltd. What it measures instead: the share price is ₹11,909, the price is in a downtrend 76 weeks in. Its P/E of 31.3× sits at the 32nd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Disa India Ltd?
Promoters hold 74.8% of Disa India Ltd, foreign institutions 0.0%, domestic institutions 8.3% and the public 16.9% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Disa India Ltd have too much debt?
No — Disa India Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill 60×. FY26 borrowings were ₹0.0 Cr against equity of ₹305 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Disa India Ltd's capex?
Disa India Ltd spent ₹60.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹37.0 Cr, with ₹29.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Disa India Ltd's cash flow?
Disa India Ltd generated ₹13.0 Cr of operating cash flow in FY26 and ₹−24.0 Cr of free cash flow after ₹37.0 Cr of capital spending. Reported profit that year was ₹54.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Disa India Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 69% of Disa India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹13.0 Cr against reported profit of ₹54.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Disa India Ltd?
On the balance sheet, the Z-score reads 9.54 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.
Where is Disa India Ltd in its business cycle?
Disa India Ltd's FY26 operating margin was 16.0%, against a 13-year band of 9.0%–18.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 17.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Disa India Ltd story?
The sharpest disagreement: annual EPS moved +6.3% against a −19.0% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Disa India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Disa India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.