Danish Power Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹1,686 Cr
- P/E
- 24.08
- ROE
- 17.10%
- PEG
- 0.23
- Price to sales
- 3.23
- Debt to equity
- 0.00
- 52W high / low
- ₹1,064 / ₹557
- Sales growth (5Y)
- 34.63%
- EBITDA margin
- 17.37%
- Net profit margin
- 13.44%
- Promoter holding
- 73.62%
- Sales (last year)
- ₹521 Cr
Guidance scorecard · Q4 FY26 call
What Danish Power Ltd's management guided
RevenueQ4 FY26 call
10–20%- FY27 volume target: 7,000 to 8,000 MVA; FY28 volume target: over 10,000 MVA.
- Revenue guidance for FY27: more than INR 700 crores; revenue potential with current capacity around INR 900 to 1,000 crores.
- Next 2-3 years: demand outlook remains strong despite geopolitical uncertainties; capacity expansion decision expected within 3 months, potentially increasing capacity by 80-100%.
- Exports targeted to increase from ~8% to 15-20% of revenue in near term, supporting margin improvement.
- New product segments like power transformers, battery energy storage system (BESS) transformers, and dry-type transformers to drive growth.
2 more points from Danish Power Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Danish Power Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Fully commissioned and operational capacity expansion post-IPO, increasing transformer manufacturing capacity to ~11,000 MVA annually.
- Backward integration initiated through subsidiary with a sheet metal fabrication facility (capex ~INR 20+ crores) expected to be commissioned in next 3-4 months, aimed at operational control and improving lead time and quality.
- Land acquired adjacent to existing facilities for next phase of expansion, with decision on further expansion expected within next three months; potential to increase capacity by 80-100% on existing land through phased approach.
- Focus on capacity ramp-up in power transformers (up to 100 MVA and 245 kV) with prototype development and type testing ongoing; power transformer revenues expected to contribute meaningfully from FY28.
2 more points from Danish Power Ltd's call on capex
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FundraisingQ4 FY26 call
See what Danish Power Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current executable order book is over INR 500 crores.
- Approximately 90% of the current order book is expected to be executed within the next 6 to 9 months, mostly within this financial year.
- Around 30% of orders in the current mix include a price variation clause; the remaining are on firm price.
- New orders secured in the last 4 to 6 weeks are primarily firm priced.
2 more points from Danish Power Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Financials of Danish Power Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Danish Power Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Danish Power Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 118 | 102 | 118 | 149 | 188 | 332 | 425 | 521 |
| Expenses + | 110 | 98 | 113 | 138 | 172 | 277 | 344 | 430 |
| Operating Profit | 8 | 4 | 4 | 10 | 16 | 55 | 81 | 90 |
| OPM % | 7% | 4% | 4% | 7% | 9% | 17% | 19% | 17% |
| Other Income + | 2 | 1 | 1 | 1 | 1 | 2 | 8 | 9 |
| Interest | 3 | 2 | 2 | 3 | 3 | 4 | 6 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 7 |
| Profit before tax | 6 | 2 | 3 | 8 | 12 | 50 | 79 | 91 |
| Tax % | 30% | 23% | 25% | 27% | 27% | 25% | 26% | 23% |
| Net Profit + | 4 | 2 | 2 | 6 | 9 | 38 | 58 | 70 |
| EPS in Rs | 29.63 | 35.55 | ||||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% |
Financials of Danish Power Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 20 | 20 |
| Reserves | 25 | 27 | 29 | 34 | 42 | 81 | 301 | 436 |
| Borrowings + | 16 | 11 | 23 | 28 | 14 | 13 | 4 | 2 |
| Other Liabilities + | 30 | 25 | 26 | 52 | 50 | 67 | 91 | 108 |
| Total Liabilities | 73 | 65 | 79 | 116 | 108 | 163 | 416 | 566 |
| Fixed Assets + | 7 | 7 | 17 | 16 | 30 | 35 | 34 | 178 |
| CWIP | 0 | 0 | 0 | 7 | 1 | 0 | 13 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 31 | 31 |
| Other Assets + | 66 | 58 | 63 | 94 | 77 | 127 | 339 | 343 |
| Total Assets | 73 | 65 | 79 | 116 | 108 | 163 | 416 | 566 |
Financials of Danish Power Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -32 | 4 | 2 | 7 | 17 | 26 | -20 | 47 |
| Cash from Investing Activity + | 0 | -1 | -10 | -7 | -11 | -7 | -40 | -73 |
| Cash from Financing Activity + | -3 | -3 | 6 | 2 | -6 | -4 | 165 | -7 |
| Net Cash Flow | -35 | -0 | -1 | 1 | -0 | 14 | 105 | -33 |
| Free Cash Flow | -33 | 3 | -8 | -0 | 6 | 18 | -36 | -27 |
| CFO/OP | -352% | 118% | 69% | 69% | 116% | 52% | -9% | 73% |
Financials of Danish Power Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 77 | 106 | 129 | 52 | 46 | 81 | 78 |
| Inventory Days | 93 | 111 | 68 | 92 | 91 | 73 | 108 | 88 |
| Days Payable | 98 | 92 | 79 | 121 | 83 | 44 | 46 | 39 |
| Cash Conversion Cycle | 91 | 96 | 96 | 100 | 60 | 75 | 142 | 127 |
| Working Capital Days | 50 | 57 | 56 | 51 | 35 | 37 | 99 | 150 |
| ROCE % | 10% | 9% | 18% | 25% | 70% | 40% | 24% |
Guidance history
How Danish Power Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
29 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +3.3% | 63% |
| Last 6 months | −4.8% | 46% |
| Last 3 months | +7.5% | 76% |
The price is 27.6% below its all-time high of ₹1,181.8 (13 Dec 2024). Stocks more than 20% below their peak have their score halved, so 59 became 29.
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 Danish Power Ltd: 0.4 × 63 + 0.4 × 46 + 0.2 × 76 = 59, halved to 29 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 29 Oct 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.