Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,783Cr
Capital Goods - Engineering Heavy
Rev Gr TTM
Revenue Growth TTM
16.98%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DISAQ
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 5.2 | 41.3 | 17.1 | 15.7 | 26.4 | 5.8 | 7.8 | 62.8 | 12.4 | 6.3 | 19.6 | 29.5 |
| 64 | 72 | 69 | 56 | 81 | 79 | 75 | 87 | 90 | 87 | 89 | 107 |
Operating Profit Operating ProfitCr |
| 15.8 | 20.4 | 13.9 | 8.0 | 16.1 | 18.0 | 13.9 | 12.3 | 17.0 | 14.6 | 13.9 | 16.9 |
Other Income Other IncomeCr | 3 | 4 | 1 | 4 | 4 | 5 | 6 | 3 | 1 | 4 | 3 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 14 | 21 | 11 | 8 | 18 | 21 | 17 | 13 | 18 | 18 | 16 | 20 |
| 4 | 5 | 3 | 2 | 5 | 5 | 4 | 3 | 5 | 5 | 4 | 5 |
|
Growth YoY PAT Growth YoY% | -20.2 | 111.0 | -14.2 | 145.7 | 27.4 | -3.0 | 50.3 | 74.3 | -3.3 | -14.2 | -2.3 | 51.7 |
| 13.5 | 17.3 | 10.3 | 9.4 | 13.7 | 15.8 | 14.4 | 10.1 | 11.7 | 12.8 | 11.8 | 11.8 |
| 71.0 | 107.7 | 57.1 | 39.5 | 90.5 | 104.5 | 85.9 | 68.9 | 87.5 | 89.7 | 83.9 | 104.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 15.4 | 24.4 | 22.8 | -7.3 | -20.7 | 38.4 | 2.3 | 25.4 | 18.8 | 13.4 |
| 130 | 150 | 182 | 215 | 197 | 158 | 210 | 227 | 278 | 330 | 373 |
Operating Profit Operating ProfitCr |
| 8.9 | 9.2 | 11.4 | 14.5 | 15.7 | 14.8 | 18.0 | 13.3 | 15.3 | 15.4 | 15.7 |
Other Income Other IncomeCr | 7 | 5 | 5 | 7 | 8 | 9 | 10 | 11 | 13 | 14 | 8 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
Depreciation DepreciationCr | 3 | 2 | 2 | 2 | 4 | 4 | 4 | 5 | 5 | 5 | 5 |
| 17 | 18 | 26 | 41 | 40 | 32 | 52 | 40 | 58 | 69 | 72 |
| 6 | 7 | 9 | 12 | 10 | 8 | 13 | 10 | 15 | 18 | 19 |
|
| | 6.5 | 47.9 | 71.3 | 3.4 | -18.4 | 59.8 | -22.9 | 44.0 | 17.6 | 5.4 |
| 7.4 | 6.8 | 8.2 | 11.4 | 12.7 | 13.1 | 15.1 | 11.4 | 13.1 | 12.9 | 12.0 |
| 70.2 | 75.7 | 114.5 | 196.7 | 203.4 | 166.1 | 265.4 | 204.7 | 294.7 | 346.7 | 365.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 107 | 91 | 108 | 136 | 165 | 189 | 205 | 218 | 244 | 265 | 276 |
Current Liabilities Current LiabilitiesCr | 52 | 49 | 78 | 88 | 65 | 81 | 128 | 134 | 173 | 170 | 166 |
Non Current Liabilities Non Current LiabilitiesCr | 3 | 1 | 0 | 0 | 2 | 5 | 3 | 2 | 1 | 0 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 136 | 118 | 160 | 199 | 206 | 236 | 292 | 296 | 365 | 341 | 363 |
Non Current Assets Non Current AssetsCr | 28 | 25 | 27 | 26 | 28 | 41 | 45 | 60 | 55 | 96 | 80 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 15 | 13 | 24 | 16 | 9 | 68 | 18 | 39 | 56 | 32 |
Investing Cash Flow Investing Cash FlowCr | -13 | 15 | -20 | -12 | -5 | -78 | -19 | 4 | -38 | 14 |
Financing Cash Flow Financing Cash FlowCr | 0 | -28 | -1 | -1 | 1 | 3 | -4 | -39 | -18 | -31 |
|
Free Cash Flow Free Cash FlowCr | 15 | 10 | 24 | 12 | 4 | 62 | 3 | 24 | 51 | 11 |
| 136.8 | 111.3 | 145.5 | 57.1 | 30.7 | 281.9 | 46.1 | 130.8 | 130.3 | 62.8 |
CFO To EBITDA CFO To EBITDA% | 114.4 | 82.5 | 104.4 | 44.6 | 24.9 | 248.5 | 38.7 | 111.8 | 111.5 | 52.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 574 | 727 | 873 | 905 | 491 | 681 | 907 | 1,153 | 2,012 | 2,025 |
Price To Earnings Price To Earnings | 54.6 | 64.2 | 52.1 | 31.5 | 16.6 | 28.1 | 23.4 | 38.6 | 46.8 | 40.0 |
Price To Sales Price To Sales | 4.0 | 4.4 | 4.3 | 3.6 | 2.1 | 3.7 | 3.5 | 4.4 | 6.1 | 5.2 |
Price To Book Price To Book | 5.3 | 7.8 | 8.0 | 6.6 | 2.9 | 3.6 | 4.4 | 5.2 | 8.2 | 7.6 |
| 40.0 | 44.1 | 34.0 | 22.0 | 10.4 | 18.6 | 15.6 | 27.9 | 35.4 | 30.3 |
Profitability Ratios Profitability Ratios |
| 44.8 | 41.8 | 41.1 | 42.4 | 46.1 | 43.5 | 44.5 | 43.1 | 40.9 | 40.5 |
| 8.9 | 9.2 | 11.4 | 14.5 | 15.7 | 14.8 | 18.0 | 13.3 | 15.3 | 15.4 |
| 7.4 | 6.8 | 8.2 | 11.4 | 12.7 | 13.1 | 15.1 | 11.4 | 13.1 | 12.9 |
| 15.3 | 19.8 | 23.9 | 29.8 | 24.2 | 17.2 | 25.1 | 18.4 | 23.6 | 25.9 |
| 9.8 | 12.2 | 15.3 | 20.8 | 17.8 | 12.7 | 18.7 | 13.6 | 17.4 | 18.9 |
| 6.5 | 7.9 | 8.9 | 12.7 | 12.7 | 8.7 | 11.4 | 8.4 | 10.2 | 11.6 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
DISA India Limited operates exclusively in the **manufacturing and sale of foundry machinery and machinery parts**, serving both domestic and international markets. As part of the **Norican Group**, a global leader in foundry technologies, DISA India leverages over four decades of collaboration with DISA Industries A/S (Denmark) to deliver advanced, integrated solutions under the “Full Foundry” concept. The company maintains a dominant market position in India and is expanding its global footprint through localized manufacturing, digital innovation, and strategic aftermarket services.
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### **Business Model & Market Position**
- **Market Leadership**: DISA India holds **over 50% market share** in the Indian foundry sector, sustained for many years due to its technological superiority, consultative sales approach, and comprehensive service offerings.
- **Business Segment**: Operates in a single segment—**foundry machinery and parts**—with a strong focus on **automotive, infrastructure, and export-oriented foundries**.
- **Full Foundry Approach**: Offers end-to-end integrated solutions combining equipment, digital tools, process expertise, and lifecycle support, enhancing customer productivity and reducing cost per kilogram of casting.
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### **Growth & Expansion Strategy (2025 Outlook)**
#### **Global Footprint & Export Growth**
- **Export Reach**: Exports equipment and services to over **30 countries**, including Europe, the U.S., Middle East, CIS, South Asia, and Australia.
- **Targeted Expansion**: Actively expanding into **Southeast Asia** and reinforcing presence in the Middle East (Qatar, Uzbekistan) with turnkey foundry projects.
- **Manufacturing Base**: Indian operations at the **Tumkur plant** serve as a key export hub for the Norican Group, manufacturing machines under license from DISA Industries A/S.
#### **Capacity & Investment**
- **New Facility Development**: Norican Group is investing in a **new manufacturing facility near Tumkur**, aimed at increasing production capacity and meeting rising global demand.
- **Renewable Energy Integration**: Since March 2024, the Tumkur plant sources power from a **wind farm**, aligning with the company’s SBTi (Science-Based Targets initiative) commitment to reduce carbon emissions.
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### **Digital Transformation & Innovation**
#### **Digital Solutions**
- **Monitizer Platform**: A core component of digital transformation, offering:
- Real-time data analytics for improved efficiency
- Predictive maintenance
- Reduced downtime, waste, and emissions
- **Norigate Device**: Now standard on most new equipment, ensuring machines are **“digital ready”** and enabling seamless integration into Industry 4.0 ecosystems.
- **Digital Retrofitting**: Actively digitizing the **global installed base** through IIoT and AI-powered solutions, enhancing operational performance.
#### **Technology Transfer & Localization**
- Successfully launched the **SIMPSON Multi Cooler**—the **first of its kind manufactured in India**, developed through technology transfer.
- Enhanced capabilities via **DISA Technologies Private Ltd.**, with a **30% increase in engineering staff** and specialized training at international centers in **Europe and the U.S.**
#### **Innovation Showcase**
- Demonstrated Made-in-India innovations at **IFEX 2025**, including advanced casting from DISA machines and digital solutions under the **TAG brand**.
- Presented **Wheelabrator TITAN Wheel** technology and the **Full Foundry** suite, reinforcing technical leadership.
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### **Aftermarket & Service Excellence**
#### **Service Model**
- **Six-Year-Old Long-Term Contracts Model**: Proven to enhance customer productivity, reduce downtime, and lower casting costs.
- **Full-Service Initiative (FY 2024–25)**: Introduced new sales strategies, product innovations, and customer segmentation to transform after-sales support.
- **Lifecycle-Based Solutions**: Tailored service packages improve responsiveness and alignment with customer needs.
#### **Distributor Network**
- Strengthened network with **distributor warehouses in nine locations** across India (Delhi/NCR, Ludhiana, Pune, Coimbatore, Jamshedpur, etc.).
- Focus on **localized spare parts availability** creates a competitive supply chain advantage, reducing lead times and combating counterfeit parts.
#### **Remanufacturing**
- Established a **remanufacturing facility in Kolhapur** for DISA ARPA equipment, supporting sustainability and long-term value for customers with aging installations.
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### **Strategic Collaborations & Sustainability**
#### **Industry Partnerships**
- Partnered with the **National Institute of Advanced Manufacturing Technology (NIAMT), Ranchi**, to promote education, R&D, and workforce development.
- Hosted **Customer Symposium in Moradabad**, engaging stakeholders on future technologies and productivity enhancement.
#### **Sustainability Commitment**
- Tumkur plant’s shift to wind energy marks a milestone in decarbonization.
- Digitalization initiatives (e.g., Monitizer) help customers reduce energy use and emissions—supporting broader ESG goals.
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### **Challenges & Strategic Response**
| **Challenges** | **Company Response** |
|----------------|------------------------|
| **Capacity underutilization** and **tight liquidity** in capital goods sector | Diversifying revenue streams, investing in digital solutions, and expanding geographies |
| **Increasing competition** from global players and domestic forgers | Maintaining edge through innovation, localization, and in-house engineering excellence |
| **Evolving trade policies** (e.g., U.S.) | Strengthening distributor networks and focusing on non-impacted regions |
| **Global economic slowdown** | Building operational agility, leaner organization, and proactive monitoring |
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### **Corporate & Global Structure**
- **Parent Group**: **Norican Group**, operating through **10 countries**, including India, U.S., Germany, Italy, Japan, Mexico, Spain, and the UK.
- **Key Subsidiaries**:
- DISA India Ltd. (India)
- DISA Technologies Pvt. Ltd. & Bhadra Castalloy Pvt. Ltd. (India)
- Italpresse Gauss (Italy), StrikoWestofen (Mexico), Wheelabrator Group (Spain/UK/Poland)
- **North American Presence**: Includes DISA Industries Inc., Wheelabrator Group Inc., and Schmidt Manufacturing, Inc.
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