D-Link (India) share price & results
- Jun 2026
- Sept 2026
Markets & distributes D-Link networking gear (routers, switches, cabling) across India via 15,000+ resellers.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 457 | +30.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.0 | 0.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 28.0 | +16.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 22.02 | −2.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 0.83 | −5.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 20.53 | +1.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −12.3% 1Y
1Y: ₹455.75 on 24 Oct 2025 → ₹399.9. High ₹546.05 (9 Jul 2026), low ₹372 (23 Jan 2026).
- Previous close
- ₹394.85
- Market cap
- ₹1.4k Cr
- 52-week range
- ₹372 – ₹546.05
- One year
- −12.13%
- Price to earnings (TTM to Jun 2026)
- 12.98×
- Return on equity (TTM to Jun 2026)
- 22.02%
Overview
- Symbol
- NSE:DLINKINDIA
- Sector
- Information Technology
- Exchange
- NSE
- Currency
- INR
What D-Link (India) Limited does
Based on the company's own presentations, annual report and earnings calls.
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.
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 337 | 331 | 370 | 350 | 377 | 395 | 444 | 457 |
| Expenses | 304 | 298 | 337 | 321 | 344 | 361 | 409 | 422 |
| Operating profit | 33 | 33 | 32 | 29 | 33 | 35 | 35 | 35 |
| Operating margin | 10.0% | 10.0% | 9.0% | 8.0% | 9.0% | 9.0% | 8.0% | 8.0% |
| Other income | 4 | 4 | 6 | 5 | 4 | 4 | 4 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 35 | 36 | 37 | 33 | 34 | 36 | 37 | 37 |
| Tax rate | 24.0% | 25.0% | 26.0% | 26.0% | 26.0% | 26.0% | 25.0% | 26.0% |
| Net profit | 27 | 26 | 27 | 24 | 25 | 27 | 28 | 28 |
| EPS (₹ per share) | 7.53 | 7.46 | 7.73 | 6.87 | 7.15 | 7.52 | 7.78 | 7.78 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,181 | 1,236 | 1,384 | 1,566 |
| Expenses | 1,065 | 1,119 | 1,257 | 1,435 |
| Operating profit | 116 | 117 | 126 | 132 |
| Other income | 7 | 14 | 19 | 17 |
| Interest | 1 | 0 | 0 | 0 |
| Depreciation | 4 | 7 | 8 | 8 |
| Profit before tax | 116 | 125 | 140 | 140 |
| Net profit | 86 | 93 | 104 | 104 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 296 | 371 | 428 | 468 | 465 | 499 |
| Borrowings | 4 | 10 | 8 | 4 | 11 | 15 |
| Other liabilities | 206 | 241 | 252 | 268 | 286 | 291 |
| Total liabilities | 513 | 629 | 695 | 748 | 769 | 811 |
| Fixed assets | 34 | 40 | 38 | 34 | 41 | 45 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 83 | 93 | 158 | 168 | 196 | 136 |
| Other assets | 396 | 496 | 500 | 546 | 532 | 630 |
| Total assets | 513 | 629 | 695 | 748 | 769 | 811 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 75 | 33 | 6 | 121 | 90 | 15 |
| Cash from investing | -58 | -19 | -5 | -67 | -6 | 66 |
| Cash from financing | -8 | -11 | -15 | -41 | -71 | -81 |
| Net cash flow | 8 | 4 | -15 | 12 | 13 | -1 |
| Free cash flow | 74 | 33 | 5 | 120 | 90 | 13 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 89 | 92 | 94 | 100 | 96 | 103 |
| Inventory days | 56 | 45 | 52 | 29 | 24 | 29 |
| Days payable | 92 | 92 | 86 | 85 | 80 | 75 |
| Cash conversion cycle | 53 | 45 | 60 | 44 | 40 | 57 |
| Working capital days | 59 | 52 | 64 | 50 | 48 | 61 |
| Return on capital employed | 16.0% | 19.0% | 33.0% | 29.0% | 28.0% | 26.0% |
| Dividend payout | 20.0% | 25.0% | 41.0% | 50.0% | 68.0% | 94.0% |
What the price assumes
FairTo justify its price of ₹400, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~6%. At that growth it is worth ₹422 — upside of 5%.
- Growth the price implies
- 5.5% 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
- 5% downside if it only repeats history
Ownership
Who owns it
Promoters hold 51.02% as of Sept 2026; institutions added 0.08 pts since Jun 2026.
- Promoters 51.02%
- Foreign institutions 1.43%
- Domestic institutions 0.01%
- Public 47.54%
Who is on the register
Named in the Sep 2026 filing
Every holder of D-Link (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 51.02% | unchanged | |
| 5.48% | unchanged | |
| — | 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.
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