DLINKINDIA

D-Link (India) share price & financials

Price
₹525.05
Market cap
₹1.5k Cr
Sector
Information Technology

What D-Link (India) Limited does

D-Link (India) Limited, a subsidiary of Taiwan-headquartered D-Link Corporation, markets and distributes networking and connectivity products across India and the SAARC region, serving both individual consumers and enterprises. It sources over 70% of its product supply locally through partnerships with 30+ manufacturing units under the 'Make in India' initiative, and runs its own PAN-India distribution, warehousing and after-sales service infrastructure rather than relying solely on the parent. Its wholly-owned subsidiary TeamF1 Networks develops embedded networking and security software (including the TFOS operating system) for CPE and router platforms sold to OEMs and telecom providers.

Segments

  • Consumer Solutions
  • Enterprise Solutions
  • Embedded Software (TeamF1 Networks)
Resellers, retailers & e-tailers
15,000+
Business distributors
100+
National distributors
3
Branch offices
13
Regional warehouses
4 (Goa, Bangalore, Mumbai, New Delhi)
Warehouse storage capacity
1,15,000 sq. ft.
Founded 2008Headquarters Verna, Goa, India (registered office); corporate office in Mumbai Company website

Quarterly results

Q1 FY27: revenue up 30.6%, net profit up 16.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue337 331 370 350 377 +12%395 +19%444 +20%457 +31%
EBITDA33 33 32 29 33 +0%35 +6%35 +9%35 +21%
Net profit27 26 27 24 25 −7%27 +4%28 +4%28 +17%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −12.0% 1Y

₹400₹450₹500₹550Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹493.5 on 10 Sept 2025 → ₹434.25. High ₹546.05 (9 Jul 2026), low ₹372 (23 Jan 2026).

Financials, as filed

Revenue grew 9.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 8.4%.

Year endingFY23FY24FY25FY26
Revenue₹1.2k Cr₹1.2k Cr₹1.4k Cr₹1.6k Cr
Operating profit₹116 Cr₹117 Cr₹126 Cr₹132 Cr
Operating margin9.8%9.5%9.1%8.4%
Interest₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹4 Cr₹7 Cr₹8 Cr₹8 Cr
Net profit₹86 Cr₹93 Cr₹104 Cr₹104 Cr
Net margin7.3%7.5%7.5%6.6%
Cash from operations₹6 Cr₹121 Cr₹90 Cr₹15 Cr
Free cash flow₹5 Cr₹120 Cr₹90 Cr₹13 Cr
ROCE33.0%29.0%28.0%26.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹7 Cr₹7 Cr₹7 Cr₹7 Cr₹7 Cr₹7 Cr
Reserves₹259 Cr₹296 Cr₹371 Cr₹428 Cr₹465 Cr₹499 Cr
Borrowings₹7 Cr₹4 Cr₹10 Cr₹8 Cr₹11 Cr₹15 Cr
Other liabilities₹158 Cr₹206 Cr₹241 Cr₹252 Cr₹286 Cr₹291 Cr
Total liabilities₹431 Cr₹513 Cr₹629 Cr₹695 Cr₹769 Cr₹811 Cr
Fixed assets₹38 Cr₹34 Cr₹40 Cr₹38 Cr₹41 Cr₹45 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹49 Cr₹83 Cr₹93 Cr₹158 Cr₹196 Cr₹136 Cr
Other assets₹345 Cr₹396 Cr₹496 Cr₹500 Cr₹532 Cr₹630 Cr
Total assets₹431 Cr₹513 Cr₹629 Cr₹695 Cr₹769 Cr₹811 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +0.14 pp while the public trimmed −0.13 pp.

Promoters
51.0%
FIIs
1.4%
DIIs
0.0%
Public
47.6%

Since Jun 2025

  • FIIs +0.14 pp
  • Public −0.13 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.3% to 1.4% — +1.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 51.0%, FIIs 0.3%, DIIs 0.1%, Public 48.5%.Dec '23: Promoters 51.0%, FIIs 0.3%, DIIs 0.1%, Public 48.5%.Mar '24: Promoters 51.0%, FIIs 0.3%, Public 48.7%.Jun '24: Promoters 51.0%, FIIs 1.1%, DIIs 0.5%, Public 47.4%.Sep '24: Promoters 51.0%, FIIs 0.5%, DIIs 0.7%, Public 47.8%.Dec '24: Promoters 51.0%, FIIs 0.8%, DIIs 0.1%, Public 48.0%.Mar '25: Promoters 51.0%, FIIs 1.2%, Public 47.8%.Jun '25: Promoters 51.0%, FIIs 1.2%, DIIs 0.0%, Public 47.8%.Sep '25: Promoters 51.0%, FIIs 1.1%, DIIs 0.0%, Public 47.9%.Dec '25: Promoters 51.0%, FIIs 1.1%, DIIs 0.0%, Public 47.8%.Mar '26: Promoters 51.0%, FIIs 1.3%, DIIs 0.0%, Public 47.7%.Jun '26: Promoters 51.0%, FIIs 1.4%, DIIs 0.0%, Public 47.6%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of D-Link (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
D-Link Holding Mauritius Inc 51.02%unchanged
Mukesh Tirthdas Lulla 5.48%−0.28 pp
Shivani Tejas Trivedi 1.48%−0.57 pp
Tejas Bhalchandra Trivedi —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Fair

To justify its price of ₹434, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~6%. At that growth it is worth ₹422 — downside of 3%.

Growth the price implies
7.0% a year
for 7 years, fading to 4%
It has actually compounded at
6.5% a year
net profit, FY23–FY26 · EPS 6.4%
The gap
0.0 pp
-3% downside if it only repeats history
Price today ₹434.25 Value at the reference growth ₹421.73

Change the assumptions yourself →

Learn to analyse D-Link (India) Limited

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