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    Diffusion Engineers Limited

    Nagpur manufacturer of welding consumables, wear plates and heavy engineering equipment for core industries.

    Capital Goods
    Industrials
    View DIFFNKG earnings calls
    ₹380.25
    +6.77% from avg

    Overview

    Price

    ₹380.25

    Market Cap

    ₹1.5k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital444428373737
    Reserves91101117138163331348368
    Borrowings3220254834232229
    Other Liabilities4233444050525877
    Total Liabilities169158190230276444466510
    AssetsFixed Assets62576064919899110
    CWIP000213923
    Investments1312192029354443
    Other Assets9488110145154309313334
    Total Assets169158190230276444466510

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating13101211-536923
    Cash from Investing-5-236-15-13-36-18-40
    Cash from Financing-814-163203129-12
    SummaryCapital Expenditure
    Free Cash Flow10-13100-145-6-18
    FCF Margin

    Valuation

    Assumptions

    Current — DIFFNKG
    Price
    ₹380
    EPS (TTM)
    ₹13.45
    PE (TTM)
    28.3
    Profit growth
    38.9%

    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 (26.0×) and current (28.3×) 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
    ₹380
    vs
    Fair value · 15% return
    ₹882
    132%Undervalued

    At 38.9% growth and a 26× exit, ₹380 only delivers your return if you pay ₹882. The price is currently baking in 19% growth.

    EPS grows 38.9%/yr for 5 years, then fades to 6% over 2, exits at 26×.

    YearGrowthEPS (₹)
    FY2738.9%18.68
    FY2838.9%25.95
    FY2938.9%36.04
    FY3038.9%50.06
    FY3138.9%69.54
    FY3222.4% ·fade85.15
    FY336.0% ·fade90.26

    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.

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