Divine Power Energy share price today

Divine Power Energy Ltd's share price was ₹691.80 at the close on 5 November 2026. It has been rising for 80 weeks. That is 39.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹249 and ₹692, and at that close it was at the high of that range.

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 Divine Power Energy 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 19 weeks in a row.

Over the last 2.3 years the share price moved +430% while the NIFTY 500 moved −5%, 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 4 quarters in a row (every quarter we can compare), profit up on a year earlier for 4 quarters in a row (every quarter we can compare) and operating margin up 6 points on a year earlier.

1. Revenue up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter revenue was ₹236 crore, +19.2% on a year earlier.

2. Profit up on a year earlier for 4 quarters in a row (every quarter we can compare)

   In the March 2026 quarter profit was ₹16 crore, +220% on a year earlier.

3. Operating margin up 6 points on a year earlier

   11% in the March 2026 quarter, from 5%.

For January to March 2026 (the quarter ended 31 March 2026), Divine Power Energy reported revenue of ₹236 crore, up 19.2% from ₹198 crore a year earlier, and a profit of ₹16.0 crore, up 220.0% from ₹5.00 crore.

Divine Power Energy results: January to March 2026 against a year earlier

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them.

The newest call in our records is from 25 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 31 March 2026). Revenue and profit in ₹ crore.

Divine Power Energy closed at ₹691.80 on 5 November 2026, up 130.9% from ₹299.60 a year earlier (7 November 2025). Its highest weekly close since July 2024 was ₹691.80 on 5 November 2026.

Divine Power Energy 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.

130 weekly closes from 5 July 2024 to 5 November 2026.

5 Nov 2026: Divine Power Energy closed at ₹691.80, up 19.6% on the week and up 13.5% on the month. 25 Sep 2026: Divine Power Energy held its results call for April to June 2026. Management guided: 2028 financials more than twice current figures.

Earlier

• Results for January to March 2026: Revenue up 19.2% and profit up 220.0% on a year earlier.

Divine Power Energy has paid no dividend on the NSE since its first NSE close in our records (5 July 2024), the start of the period we checked.

No. Divine Power Energy Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 25 September 2026, Divine Power Energy's management guided: 2028 financials more than twice current figures.

“We expect that in 2028 we will become more than twice our current size.”Rajesh Giri, on the call for April to June 2026

What management guided

• Viraj Upkram merger expected to complete in the next financial year.
• CTC pilot production planned by December, subject to realization.
• After pilot validation, three additional CTC machines planned; customers described as prepared to place orders equivalent to four times pilot capacity.
• Operating margin over the next two years broadly in line with past trends.

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, 25 September 2026.

When Divine Power Energy reports April to June 2026, these are the 4 checks that show whether the story is still on course. First: CTC installation and customer demand - check commercial production, purchase-order conversion, and pilot utilization against stated expectations.

Divine Power Energy is on 2 of our India lists: Momentum stocks and Copper & metal stocks.

Divine Power Energy Ltd earned ₹16.0 Cr of net profit in the Mar 2026 quarter, +220.0% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹20.0 Cr. Over 5 years profit has grown 82.1% a year on average. That is 6.8% of the quarter's revenue.

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

The same quarter a year earlier earned ₹4.0 Cr.

For the full year, FY26 profit was ₹20.0 Cr (+122.2% on the year before).

Why profit moved: revenue changed +19.2% on a year earlier and the margin moved +6.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +92.5% and revenue +37.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Divine Power Energy Ltd reported ₹236 Cr of revenue in the Mar 2026 quarter, +19.2% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 5 years it has grown 29.1% a year on average. The last full year, FY26, came in at ₹416 Cr.

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

FY26 revenue was ₹416 Cr, +21.6% on the year before.

Recent pace: the last four quarters grew +37.6% on average, against 29.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Divine Power Energy Ltd's operating margin was 11.0% in the Mar 2026 quarter, 6.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +4.0 percentage points. Across 6 years it has been between 4.4% and 8.0%.

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.

The latest quarter is above every full year in that period.

Why the margin moved: operating margin changed +3.4 percentage points on the year while gross margin changed +4.1 points. So the gain 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.

Over the last 3 years Divine Power Energy Ltd's operations used more cash than they brought in, so cash conversion was −109%, a gap worth watching. In FY26 its operations used ₹16.0 Cr of cash, against ₹20.0 Cr of profit. After ₹5.0 Cr of spending on assets, free cash was −₹21.0 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 −109% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building.

Divine Power Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 113 days in FY26, down from 114 days in FY21. It spent ₹8.0 Cr on assets over the last 3 years. Customers take 50 days to pay, and stock sits for 91 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.

At FY26 sales of ₹416 Cr, each day of that cycle ties up about ₹1.1 Cr, so roughly ₹129 Cr is tied up in the business at any time.

FY26: customers took 50 days to pay and stock sat for 91 days, about 3.0 months of sales sitting as stock, for a full cycle of 113 days, shorter than FY21's 114.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 91 days. Customers pay about 50 days after that. Suppliers are paid at 28 days. Together that makes the 113-day cycle.

Spending on assets: ₹8.0 Cr over the last 3 years, against ₹4.0 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 ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Divine Power Energy Ltd's P/E is 84.6×, near the high end of its own history: higher than 90% of past readings. Its usual P/E (the middle reading) is 63.0×, over 2.3 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 +112.5% while the price moved +130.9%. The price did better than earnings, which pushed the multiple up within its own range.

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

Divine Power Energy Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, 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: with too little history, we say so rather than guess a direction.

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.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

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.

Divine Power Energy Ltd earned a ROCE of 19% in FY26. That is up from a low of 9% in FY22. Its return on capital used (ROIC) is 0.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.8% net margin and 1.61× 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 4.8% net margin × 1.61× asset turnover × 2.10× leverage (assets divided by equity) ≈ 16.2% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 12.3% − 12.0% = +0.3 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.

The 12.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 15.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Divine Power Energy Ltd has total debt of ₹156 Cr against shareholder equity of ₹129 Cr as of Mar 2026, so its debt is 1.21× its equity. Year by year, that ratio went from 2.23 in FY24 to 1.21 in FY26. Keep that borrowing in mind when reading the returns on this page.

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.

Promoters cut their stake in Divine Power Energy Ltd by 10.3 percentage points over 5 quarters, the biggest change among its owners. Promoters now own 63.2% of the company. Domestic institutions moved −1.9 points over the same period, to 0.0%. 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: Promoters: −10.3 points over 5 quarters, to 63.2%; Domestic institutions: −1.9 points over 5 quarters, to 0.0%; Foreign institutions: −0.5 points over 5 quarters, to 0.1%.

Why the owners changed: promoters drove it (−10.3 points), together with domestic institutions (−1.9 points). They reduced their stake.

For Divine Power Energy Ltd, the Z-score is 4.26. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

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.

Why it matters: a Z-score of 4.26 is well clear of the danger zone, so the balance sheet is not the risk here.

61.8 out of 100, rank 3 of 3 in Metals, with 44% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

Divine Power Energy Ltd scores 61.8 out of 100 against the 3 companies it is compared with in Metals, ranking 3. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 20.2 + 15 + 10 + 16.6 = 61.8. 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.

Divine Power Energy ranks 3 of 3 Metals companies on the 4-Factor Sector Score, with 61.8 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: Metals, all 3 compared on one page.

Divine Power Energy is the 3rd largest of 3 Metals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Hindustan Zinc and Hindustan Copper. It is the smallest.

Metals companies close in size

1. Hindustan Zinc Ltd ₹2,13,717 crore
2. Hindustan Copper Ltd ₹38,763 crore
3. Divine Power Energy Ltd ₹1,727 crore

All 3 Metals companies, largest first

Companies close in size in other industries

1316. Vidya Wires Ltd ₹1,729 crore · Electric Equipment - General
1317. Kothari Industrial Corporation Ltd ₹1,728 crore · Trading
1318. Divine Power Energy Ltd ₹1,727 crore
1319. Suraksha Diagnostic Ltd ₹1,725 crore · Diagnostics
1320. Zelio E-Mobility Ltd ₹1,725 crore · Automobiles - Scooters & 3 - Wheelers

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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