Divine Power share price & results
- Mar 2026
- Sept 2026
Manufactures copper and aluminium wires and strips for transformers and power distribution utilities.
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 | 346 | +74.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 10.0 | +5.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 19.0 | +280.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Free cash flow margin | -8.66 | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. | |
| Revenue growth (YoY) | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance +124.2% 1Y
1Y: ₹265 on 24 Oct 2025 → ₹594.05. High ₹648.5 (18 Sept 2026), low ₹248.75 (5 Dec 2025).
- Previous close
- ₹593.8
- Market cap
- ₹1.5k Cr
- 52-week range
- ₹248.75 – ₹648.5
- One year
- +122.49%
- Price to earnings (FY ending Mar 2026)
- 54.89×
- Return on equity (FY ending Mar 2026)
- 20.93%
Overview
- Symbol
- NSE:DPEL
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Divine Power does
Based on the company's own presentations, annual report and earnings calls.
Divine Power Energy Limited (DPEL), incorporated in 2001 and listed via SME IPO in July 2024, manufactures bare and insulated copper and aluminium wires and strips used as winding and conductor material in transformers and power-distribution equipment. Its manufacturing facility in Sahibabad, Ghaziabad (Uttar Pradesh) produces winding wires/strips and bare conductors, plus wires insulated with paper, fibreglass, cotton, mica or enamel coatings, sourcing copper and aluminium inputs from suppliers such as NALCO, Birla Copper and Hindalco. It supplies transformer manufacturers and power utilities including Tata Power, BSES and several Uttar Pradesh and Uttarakhand state power distribution companies. The company is expanding into Continuously Transposed Conductors (CTC), a premium transformer-grade conductor, through its wholly-owned subsidiary Vimlesh Industries, for which it is importing dedicated manufacturing equipment.
Segments
- Wires & Strips (Copper and Aluminium)
- Continuously Transposed Conductors (CTC)
- Manufacturing facility
- 1 (Sahibabad, Ghaziabad, Uttar Pradesh)
- Installed capacity — copper wires/strips
- ~500 MT/month
- Installed capacity — aluminium wires/strips
- ~400 MT/month
- Product range
- 8 conductor/insulation types — bare & winding copper/aluminium wire-strip, and paper-covered, fibre-glass, double-cotton, super-enamelled and mica/Nomex-covered conductors
- Key customers
- Tata Power, BSES, and four Uttar Pradesh state discoms (Pashchimanchal, Dakshinanchal, Madhyanchal, Purvanchal Vidyut Vitran Nigam) plus Uttarakhand Power Corporation
- Key raw-material suppliers
- NALCO, Birla Copper, Hindalco
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2022 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +280% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 103 | 119 | 144 | 198 | 279 | 346 |
| Expenses | 97 | 111 | 135 | 187 | 263 | 312 |
| Operating profit | 6 | 9 | 9 | 10 | 17 | 34 |
| Operating margin | 6.0% | 7.0% | 7.0% | 5.0% | 6.0% | 10.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 2 | 3 | 3 | 3 | 5 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 3 | 5 | 6 | 7 | 11 | 26 |
| Tax rate | 25.0% | 19.0% | 28.0% | 31.0% | 26.0% | 28.0% |
| Net profit | 2 | 4 | 4 | 5 | 8 | 19 |
| EPS (₹ per share) | 1.39 | 2.67 | 2.10 | 1.96 | 3.14 | 7.56 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 16 | 16 | 24 | 25 | 25 |
| Reserves | 12 | 3 | 10 | 62 | 82 | 104 |
| Borrowings | 45 | 48 | 58 | 88 | 87 | 156 |
| Other liabilities | 6 | 6 | 5 | 10 | 29 | 52 |
| Total liabilities | 63 | 73 | 89 | 184 | 224 | 337 |
| Fixed assets | 6 | 8 | 11 | 10 | 11 | 79 |
| Capital work in progress | 0 | 1 | 0 | 0 | 0 | 1 |
| Investments | 0 | 0 | 0 | 56 | 56 | 0 |
| Other assets | 57 | 63 | 78 | 118 | 156 | 258 |
| Total assets | 63 | 73 | 89 | 184 | 224 | 337 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 2 | 5 | 2 | -3 | -19 | -25 |
| Cash from investing | -1 | -2 | -4 | -2 | -56 | -44 |
| Cash from financing | -1 | -4 | 3 | 5 | 75 | 64 |
| Net cash flow | 0 | 0 | 0 | 0 | 0 | -5 |
| Free cash flow | 2 | 3 | -2 | -6 | -20 | -54 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 114 | — | — | 34 | 31 | 49 |
| Inventory days | — | — | — | — | 65 | 92 |
| Days payable | — | — | — | — | 6 | 26 |
| Cash conversion cycle | 114 | — | — | 34 | 90 | 115 |
| Working capital days | 52 | — | — | 23 | 27 | 39 |
| Return on capital employed | — | — | — | 18.0% | 15.0% | — |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
- Growth the price implies
- 26.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Ownership
Who owns it
Promoters hold 63.20% as of Sept 2026; institutions added 0.13 pts since Mar 2026.
- Promoters 63.20%
- Foreign institutions 0.14%
- Domestic institutions 0.00%
- Public 36.66%
Who is on the register
Named in the Sep 2026 filing
Every holder of Divine Power above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 30.75% | unchanged | |
| 12.83% | unchanged | |
| 10.77% | unchanged | |
| 5.13% | unchanged | |
| 2.02% | unchanged | |
| 1.72% | unchanged | |
| 1.72% | unchanged | |
| 1.05% | unchanged | |
| 0.24% | unchanged | |
| 0.04% | 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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