D-Link India Q2 FY27 Share Price & Earnings Call Analysis

₹404.00+1.14% today
Market cap
₹1,434 Cr
P/E
13.02
ROE
18.14%
PEG
6.92
Price to sales
0.82
Debt to equity
0.03
52W high / low
₹546 / ₹372
Sales growth (5Y)
16.60%
EBITDA margin
8.09%
Net profit margin
5.68%
Promoter holding
51.02%
Sales (last year)
₹1,748 Cr

D-Link (India) Ltd is primarily engaged in marketing and distribution of networking products. It operates through a distribution network with a wide range of product portfolio and solutions with a nationwide reach across India.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Hardware
on management's own guidance

  1. Marushika Tech.Moderate growth
    2
  2. Rashi PeripheralGood growth
    1
  3. Control PrintModerate growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Hardware companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Rashi Peripheral20–40%Flat₹5,218 Cr16.4
2Marushika Tech.10–20%Up 2%+₹100 Cr11.0
3Control Print10–20%Up 0–2%₹923 Cr27.5
410–20%Flat₹679 Cr—
510–20%Flat₹132 Cr18.0

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Financials of D-Link India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

D-Link India

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%51.02%
FIIs +0.35%0.29%1.07%0.50%0.84%1.20%1.21%1.11%1.13%1.26%1.35%1.43%
DIIs +0.11%0.00%0.54%0.72%0.12%0.00%0.01%0.01%0.01%0.01%0.01%0.01%
Public +48.52%48.67%47.37%47.76%48.01%47.77%47.75%47.87%47.84%47.71%47.62%47.54%
No. of Shareholders46,72846,96948,51263,91571,47973,77272,84373,71372,76772,77573,43076,319

Financials of D-Link India

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +308294334346337331370350377395444457452
Expenses +278265303318304298337321344361409422415
Operating Profit30293128333332293335353537
OPM %10%10%9%8%10%10%9%8%9%9%8%8%8%
Other Income +3445446544453
Interest0000000000000
Depreciation2222222222222
Profit before tax32313432353637333436373738
Tax %26%26%25%26%24%25%26%26%26%26%25%26%26%
Net Profit +24232524272627242527282828
EPS in Rs6.656.467.076.657.537.467.736.877.157.527.787.787.96

Financials of D-Link India

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +6417217076447167407279181,1811,2361,3841,5661,748
Expenses +6076836816256706986858621,0661,1181,2571,4341,607
Operating Profit3438251846424256115117127132141
OPM %5%5%3.6%2.8%6%6%6%6%10%10%9%8%8%
Other Income +2123-31477714201716
Interest0011011011111
Depreciation2221165556778
Profit before tax3338251941504257116124140140148
Tax %34%35%34%33%36%29%26%26%26%25%25%26%
Net Profit +22241713263531428693104104110
EPS in Rs6.166.874.703.577.459.928.8311.9124.3226.0929.3629.3131.04
Dividend Payout %11%10%11%14%13%15%20%25%41%50%68%94%

Financials of D-Link India

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital7777777777777
Reserves128149167178203231259296371428468499457
Borrowings +201100107410841514
Other Liabilities +12617780123132129158206241252268291314
Total Liabilities263333265309342377431513629695748811793
Fixed Assets +35353433324238344038344544
CWIP0000000000000
Investments0504722498393158168136125
Other Assets +228293231272303313345396496500546630623
Total Assets263333265309342377431513629695748811793

Financials of D-Link India

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +219-1834328753361219015
Cash from Investing Activity +-1-54-6-6-19-58-19-5-67-666
Cash from Financing Activity +-3-6-4-3-2-11-8-11-15-41-71-81
Net Cash Flow-28-1825-5-284-151213-1
Free Cash Flow018-1933228743351209013
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit37%89%-32%235%36%97%203%86%31%130%98%38%

Financials of D-Link India

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days81877698958689929410096103
Inventory Days566240435261564552292429
Days Payable8210246807575929286858075
Cash Conversion Cycle544770617172534560444057
Working Capital Days545267687578595264504861
ROCE %25%15%11%23%20%16%19%33%29%28%26%
21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−12.2%45%
Last 6 months−10.4%38%
Last 3 months−11.4%40%

The price is 41.7% below its all-time high of ₹685.15 (13 Sept 2024). Stocks more than 20% below their peak have their score halved, so 41 became 21.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For D-Link India: 0.4 × 45 + 0.4 × 38 + 0.2 × 40 = 41, halved to 21 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

What D-Link India's management said in earlier quarters

Others in IT - Hardware this season

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    Revenue from operations for Q2 FY27: ₹624.8 crore, up 42.0% YoY from ₹439.9 crore in Q2 FY26 (Page 7). Key investor presentation takeaways from GNG Electronics

  • Moschip Technologies (Q2 FY27)

    Consolidated Revenue for Q2 FY 2027 (Quarter ended 30-Sep-26):** ₹11,908.32 lakhs . Key results statement takeaways from Moschip Technologies Ltd's Q2 FY27 resu

  • Control Print (Q2 FY27)

    . Key concall takeaways from Control Print Ltd's Q2 FY27 earnings call — and how it ranks against sector peers.

  • Smartlink Holdings (Q2 FY27)

    Year-on-year growth:** Approximately 14.4% increase in revenue (8,037.18 vs 7,026.87 lakhs) . Key results statement takeaways from Smartlink Holdings Ltd's Q2 F