Diffusion Engineers share price today

Diffusion Engineers Ltd's share price was ₹417.75 at the close on 5 November 2026. It has been rising for 22 weeks. That is 11.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹237 and ₹475, and at that close it sat 76% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Diffusion Engineers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 2.1 years the share price moved +106% while the NIFTY 500 moved −7%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 6 quarters in a row, indian funds and insurers (DIIs) raised their stake for 3 quarters in a row and foreign funds (FIIs) raised their stake for 3 quarters in a row.

1. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹96 crore, +30.7% on a year earlier.

   Why: The company said recent growth came from a steady flow of new orders and from booking sales when a whole project is finished rather than bit by bit. It also said normal seasonal patterns affect the timing.

   Next results: check whether the order book stays stable and turns into completed-project sales.

   From the earnings call on 28 Sep 2026.

2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 6.8% to 8.5% of the company by the September 2026 quarter.

3. Foreign funds (FIIs) raised their stake for 3 quarters in a row

   From 0.1% to 1.2% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Diffusion Engineers reported revenue of ₹108 crore, up 35.0% from ₹80.0 crore a year earlier, and a profit of ₹15.0 crore, up 50.0% from ₹10.0 crore.

Diffusion Engineers results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 28 September 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Diffusion Engineers closed at ₹417.75 on 5 November 2026, up 11.4% from ₹375.05 a year earlier (7 November 2025). Its highest weekly close since October 2024 was ₹474.90 on 4 September 2026.

Diffusion Engineers share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

114 weekly closes from 4 October 2024 to 5 November 2026.

5 Nov 2026: Diffusion Engineers closed at ₹417.75, up 5.4% on the week and down 2.5% on the month. Our read, 10 Oct 2026: Installed capacity and ready-to-fit wear solutions offer a growth route, but collections and recurring operating earnings must validate the expansion.

Earlier

• Results for July to September 2026: Revenue up 35.0% and profit up 50.0% on a year earlier.
• 28 Sep 2026: Diffusion Engineers held its results call for April to June 2026. Management guided: FY26-27 revenue growth at 20% on a year earlier.

Our read of the business

April to June 2026: April to June 2026 growth continues; the latest discussion makes completed deliveries and mix the tests.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Yes. Diffusion Engineers Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 9 reported years. This page shows the payout as a share of profit, not an amount per share (as of 5 November 2026).

On the call for April to June 2026, held on 28 September 2026, Diffusion Engineers' management guided: FY26-27 revenue growth at 20% on a year earlier.

“When I become a wear-parts supplier or a total-solution provider, there are fewer players, and my addressable market becomes much larger.”Prashant Garg, Chairman and Managing Director, on the call for April to June 2026

What management guided

• FY26-27 operating profit to remain flat or increase slightly.
• Revenue yearly growth of 20-25% over the next 3 years.
• Operating profit increase of 100-200 basis points; timeframe not separately stated.
• Heavy-engineering capacity to ramp over at least 2-3 years, with top-line doubling estimated around FY28-29 or FY29-30.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

The changes showing up in Diffusion Engineers' own numbers are a bigger order book. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

The August summary reports a consolidated order book of ₹209 crore versus ₹174 crore in March.

✓ fact

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

The thesis breaks if the next reported quarter fails to show new-factory revenue contribution while receivables remain elevated and subsequent annual operating cash still fails to cover half of reported profit.

Each change stops working if

• Capacity-backed order execution: The next quarterly disclosure shows no factory contribution, completed deliveries slip, or incoming orders fail to replenish executed work.
• Utilization and cost recovery: Input costs outrun repricing or revenue increases without an improvement in recurring operating profit.
• International manufacturing and services: The next disclosure shows no UAE revenue or overseas operations return to losses.

The main risks

• Receivables and cash absorption: Growth is consuming cash before capital spending, with receivables the principal collection risk. ⚠ estimate
• Guidance and execution credibility: Earlier growth, factory and railway promises moved before the latest call reported no new inconsistency. ✓ fact
• Non-operating profit and income expiry: Reported profit contains income that cannot yet be treated as recurring operating growth. ⚠ estimate
• Input costs and fixed-price orders: Booked orders can recognize revenue before repricing has repaired their margin. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Diffusion Engineers reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Revenue for Sep 2026 beats ₹84 crore by about 20% (management says Q2 growth at similar levels) while the order book stays at or above ₹200 crore and FY27 debtor days come back toward the 80 to 90 days management goals.

Diffusion Engineers is on one of our India lists: Multibagger study list.

Diffusion Engineers Ltd earned ₹15.0 Cr of net profit in the Sep 2026 quarter, +50.0% on the same quarter a year earlier. Full-year FY26 profit was ₹45.0 Cr. Over 8 years profit has grown 22.3% a year on average. That is 13.9% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹45.0 Cr (+32.4% on the year before).

Why profit moved: revenue changed +35.0% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +17.9% and revenue +24.3%. Profit is growing slower than sales: rising costs are taking part of the growth.

FY26-Q4. revenue ₹113 Cr and profit ₹12 Cr as reported.

FY27-Q1. revenue ₹96 Cr and profit ₹10 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Diffusion Engineers Ltd reported ₹108 Cr of revenue in the Sep 2026 quarter, +35.0% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 8 years it has grown 16.0% a year on average. The last full year, FY26, came in at ₹354 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Management says the UAE facility is operational and expected revenue from the second quarter, while Turkey is no longer loss-making. Local engineering and service capability could capture work beyond exported products. Facility-level revenue, profit and collection terms are not supplied, so the size and persistence of this benefit remain unknown. Freight disruption can defer customer pickups even when underlying demand remains.

The last four reported quarters add to ₹405 Cr.

FY26 revenue was ₹354 Cr, +12.0% on the year before.

Recent pace: the last four quarters grew +24.3% on average, against 16.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.5%, against +22.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.5%, against +30.5% a year (rolling over).

FY26-Q4. revenue ₹113 Cr and profit ₹12 Cr as reported.

FY27-Q1. revenue ₹96 Cr and profit ₹10 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Diffusion Engineers Ltd's operating margin was 12.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 9 years it has been between 10.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management identifies fixed-cost absorption, integration and product mix as margin levers. The Operating Leverage Catapult fails as an unconditional shortcut here: raw materials, energy and employee costs also rise, and repricing arrives after booked orders. The economic benefit remains only after these offsets. The September call provides no consolidated cost bridge and leaves the meaning of its EBITDA outlook unclear, so earlier margin goals remain an unfulfilled test.

Why the margin moved: operating margin changed −2.3 percentage points on the year while gross margin changed −5.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY26-Q4. revenue ₹113 Cr and profit ₹12 Cr as reported.

FY27-Q1. revenue ₹96 Cr and profit ₹10 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Over the last 3 years, 53% of Diffusion Engineers Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹17.0 Cr of operating cash against ₹45.0 Cr of profit. After ₹37.0 Cr of spending on assets, free cash was −₹20.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 53% of profit came in as cash: the cash cycle got 30 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 30 days longer. The next section looks at where the cash is stuck.

Diffusion Engineers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 166 days in FY26, up from 136 days in FY21. It spent ₹81.0 Cr on assets over the last 3 years. Customers take 113 days to pay, and stock sits for 123 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The Capex Inflection Point applies to the phased factory ramp: installed equipment creates execution headroom, and management expects most existing orders to be executable during the current financial year. Customers must accept completed projects before revenue is recognized. Capacity, backlog and utilization are successive links in this mechanism; their benefits are not counted separately. First factory contribution was expected from the next quarter, while full absorption remains a multi-year task. No delivered capacity-specific profit bridge is available.

At FY26 sales of ₹354 Cr, each day of that cycle ties up about ₹1.0 Cr, so roughly ₹161 Cr is tied up in the business at any time.

FY26: customers took 113 days to pay and stock sat for 123 days, about 4.0 months of sales sitting as stock, for a full cycle of 166 days, longer than FY21's 136.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 123 days. Customers pay about 113 days after that. Suppliers are paid at 71 days. Together that makes the 166-day cycle.

Spending on assets: ₹81.0 Cr over the last 3 years, against ₹14.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹22.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Diffusion Engineers Ltd's P/E is 33.9×, in the middle of its own history: higher than 57% of past readings. Its usual P/E (the middle reading) is 33.5×, over 2.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +32.3% while the price moved +11.4%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 11 October 2026, Diffusion Engineers Ltd's share price assumed profit growth of about 17.8% a year. Over the past 8 years its profit actually grew 22.3% a year. Today its P/E is 33.9×, higher than 57% of its own last 2.1 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 5 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Diffusion Engineers Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 14.2% is below the 15% level needed to call it steady growth. This is based on 8 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Diffusion Engineers Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: mid expansion.

NOT YET CHECKED

Our read, 10 October 2026. Installed capacity and ready-to-fit wear solutions offer a growth route, but collections and recurring operating earnings must validate the expansion.

What is proven. Installed capacity and ready-to-fit wear solutions offer a growth route, but collections and recurring operating earnings must validate the expansion.

What is not proven yet. The thesis breaks if the next reported quarter fails to show new-factory revenue contribution while receivables remain elevated and subsequent annual operating cash still fails to cover half of reported profit.

What would change our mind. The thesis breaks if the next reported quarter fails to show new-factory revenue contribution while receivables remain elevated and subsequent annual operating cash still fails to cover half of reported profit.

The test written in advance. The thesis breaks if the next reported quarter fails to show new-factory revenue contribution while receivables remain elevated and subsequent annual operating cash still fails to cover half of reported profit. Measured by: the thesis as written as stated by the next result.

The test written in advance. Receivables and cash absorption. Measured by: Receivables and cash absorption FY27 debtor days exceed 100 or annual operating cash covers less than 0.5 times PAT. by the next result.

The test written in advance. Guidance and execution credibility. Measured by: Guidance and execution credibility The growth framework is cut again or the next result lacks the promised factory contribution. by the next result.

What the company does. Revenue growth has continued beyond a single quarter, while margins show cost offsets rather than a completed operating-leverage breakthrough. The latest call preserves the growth framework and the move toward complete equipment, but does not disclose a new earnings or margin bridge.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

What the surface reading misses. The surface reading is: Higher reported profit appears to confirm accelerating operating earnings. The research reads it further: Revenue increased, but margin did not increase year on year. Management identifies input and employee-cost pressure alongside volume absorption, and reported profit also contains non-operating support.

What the surface reading misses. The surface reading is: The higher quarterly margin appears to establish operating leverage. The research reads it further: Sales execution improved, but the following quarter's margin reversal and the annual margin plateau limit the persistence of this observation.

• 1 · Operating leveragequiet
• 2 · Value-added mixquiet
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesbuilding
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 10 · New geographies: building. An operational UAE facility and a loss-free Turkey operation offer a separate revenue route. What proves it keeps working: International manufacturing and services. It stops working if The next disclosure shows no UAE revenue or overseas operations return to losses.

Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What Diffusion Engineers Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

FY27 Growth Outlook Reduced · 13 August 2026. In February 2026, management said FY27 growth should accelerate to approximately 25% as new capacity came online. In August 2026, it guided to around 20% growth for FY27 and FY28 instead, a meaningful reduction from the earlier post-capacity outlook that was not explained on the call.

Additional Capex Stance Changed · 13 August 2026. In May 2026, management said it did not expect additional capex and that the existing INR100 crore program should support INR800-900 crore of revenue. In August 2026, management said it may undertake further backward-integration capex and intends to expand again at the stated utilization threshold; despite saying nothing is finalized, this changes the prior capital-allocation assumption and could affect free-cash-flow expectations.

Railway Commercialization Timeline Extended · 13 August 2026. In February 2026, management expected the railway developmental contracts to be executed within three to five months. By August 2026, management was instead guiding to revenue conversion over nine to twelve months, indicating a material extension of the commercialization timeline with no explanation for the missed earlier timetable.

Heavy Engineering Facility Delay · 18 May 2026. Management previously established a timeline to commission the new manufacturing facility by the end of FY 2026 (March 2026). In the latest call (May 2026), this milestone was pushed to the end of Q1 2027 (June 2026) without an explanation for the deviation, despite claiming the project is progressing as planned.

Every quote above is taken word for word from the company’s own earnings calls.

Growth guidance moderated, factory contribution remains unverified and railway timing extended. These are ordinary changes, not an unowned huge miss. Rejecting casting integration is a spending restraint, but a full downturn record is missing.

Regulatory and governance record

Disputed GST credit order is disclosed; no proven fraud, securities-conduct order or lie is established. The small quantified demand does not meet the live-case size bar.

Checked 14 October 2026.

Diffusion Engineers Ltd earned a ROCE of 15% in FY26. That is up from a low of 13% in FY20. Its return on capital used (ROIC) is 0.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.7% net margin and 0.74× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 12.7% net margin × 0.74× asset turnover × 1.24× leverage (assets divided by equity) ≈ 11.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 12.5% − 12.0% = +0.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

Diffusion Engineers Ltd has total debt of ₹29.0 Cr against shareholder equity of ₹406 Cr as of Jun 2026, so its debt is 0.07× its equity, which is very little. Year by year, that ratio went from 0.18 in FY24 to 0.07 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Diffusion Engineers Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.1 points over the same period, to 69.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Foreign institutions: −0.2 points over 7 quarters, to 1.2%; Promoters: +0.1 points over 7 quarters, to 69.8%; Domestic institutions: −0.1 points over 7 quarters, to 8.4%.

For Diffusion Engineers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

51.8 out of 100, rank 3 of 3 in Welding Equipments, with 75% of the evidence available.

Diffusion Engineers Ltd scores 51.8 out of 100 against the 3 companies it is compared with in Welding Equipments, ranking 3. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 12.8 + 11.5 + 15 + 12.5 = 51.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Diffusion Engineers ranks 3 of 3 Welding Equipments companies on the 4-Factor Sector Score, with 51.8 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Welding Equipments, all 3 compared on one page.

Diffusion Engineers is the 3rd largest of 3 Welding Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Esab India and Ador Welding. It is the smallest.

Welding Equipments companies close in size

1. Esab India Ltd ₹8,094 crore
2. Ador Welding Ltd ₹2,316 crore
3. Diffusion Engineers Ltd ₹1,569 crore

All 3 Welding Equipments companies, largest first

Companies close in size in other industries

1350. Ruby Mills Ltd ₹1,598 crore · Textiles - Composite Mills
1351. Advit Jewels Ltd ₹1,596 crore · Diamond, Gems & Jewellery
1352. Diffusion Engineers Ltd ₹1,569 crore
1353. La Opala RG Ltd ₹1,568 crore · Opalware
1354. Huhtamaki India Ltd ₹1,564 crore · Packaging - FMCG/Consumers

Sector Alpha, written by code from the published numbers. Data as of 5 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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