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    DEN Networks Limited

    Delhi-based hand-tools brand making and distributing steel, insulated, stainless-steel and non-sparking hand tools and tool kits across ~30 industries via dealers, OEMs and e-commerce.

    Capital Goods
    Industrials
    View DENEERS earnings calls

    Overview

    Price

    Market Cap

    ₹166 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital47747747747747791919
    Reserves2.1k2.3k2.5k2.7k2.9k526077
    Borrowings213002826676473
    Other Liabilities872678554524481344438
    Total Liabilities3.7k3.5k3.5k3.8k3.9k162187207
    AssetsFixed Assets763609557562515322
    CWIP2137212918000
    Investments702.1k1.9k1.4k1.7k000
    Other Assets2.8k6661.0k1.7k1.7k160184205
    Total Assets3.7k3.5k3.5k3.8k3.9k162187207

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY25FY26
    ActivitiesCash from Operating17-11
    Cash from Investing-11
    Cash from Financing-1511
    SummaryCapital Expenditure
    Free Cash Flow16-12
    FCF Margin

    Valuation

    Assumptions

    Current — DENEERS
    Price
    ₹220
    EPS (TTM)
    ₹38.55
    PE (TTM)
    5.7
    Profit growth
    -21.9%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (41.4×) and current (5.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹220
    vs
    Fair value · 15% return
    ₹25
    89%Overvalued

    At -21.9% growth and a 6× exit, ₹220 only delivers your return if you pay ₹25. The price is currently baking in 17% growth.

    EPS grows -21.9%/yr for 5 years, then fades to 6% over 2, exits at 6×.

    YearGrowthEPS (₹)
    FY27-21.9%30.11
    FY28-21.9%23.51
    FY29-21.9%18.36
    FY30-21.9%14.34
    FY31-21.9%11.20
    FY32-7.9% ·fade10.31
    FY336.0% ·fade10.93

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse DEN Networks Limited

    Guides on how to read this kind of business and the numbers that matter.