Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,618Cr
Rev Gr TTM
Revenue Growth TTM
10.67%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DLINKINDIA
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% | 14.6 | 1.4 | 4.9 | 5.0 | 7.2 | 15.4 | 9.3 | 12.7 | 10.8 | 1.3 | 11.8 | 19.3 |
| 284 | 273 | 278 | 265 | 303 | 318 | 304 | 298 | 337 | 321 | 344 | 361 |
Operating Profit Operating ProfitCr |
| 8.6 | 9.0 | 9.9 | 9.9 | 9.3 | 8.2 | 9.8 | 10.1 | 8.8 | 8.4 | 8.8 | 8.7 |
Other Income Other IncomeCr | 3 | 3 | 3 | 4 | 4 | 5 | 4 | 4 | 6 | 5 | 4 | 4 |
Interest Expense Interest ExpenseCr | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 28 | 28 | 32 | 31 | 34 | 32 | 35 | 36 | 37 | 33 | 34 | 36 |
| 7 | 7 | 8 | 8 | 8 | 8 | 9 | 9 | 10 | 8 | 9 | 9 |
|
Growth YoY PAT Growth YoY% | 72.5 | 29.5 | 4.0 | -15.9 | 24.3 | 12.6 | 13.1 | 15.5 | 9.3 | 3.3 | -5.0 | 0.7 |
| 6.5 | 7.0 | 7.7 | 7.8 | 7.5 | 6.8 | 7.9 | 8.0 | 7.4 | 7.0 | 6.7 | 6.8 |
| 5.7 | 5.9 | 6.7 | 6.5 | 7.1 | 6.7 | 7.5 | 7.5 | 7.7 | 6.9 | 7.2 | 7.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 12.6 | -2.0 | -8.9 | 11.2 | 3.4 | -1.8 | 26.4 | 28.6 | 4.7 | 12.0 | 7.8 |
| 607 | 683 | 681 | 625 | 670 | 698 | 685 | 862 | 1,066 | 1,118 | 1,257 | 1,362 |
Operating Profit Operating ProfitCr |
| 5.3 | 5.3 | 3.6 | 2.8 | 6.4 | 5.7 | 5.8 | 6.1 | 9.7 | 9.5 | 9.2 | 8.7 |
Other Income Other IncomeCr | 2 | 1 | 2 | 3 | -3 | 14 | 7 | 7 | 7 | 14 | 20 | 19 |
Interest Expense Interest ExpenseCr | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 2 | 2 | 2 | 1 | 1 | 6 | 5 | 5 | 5 | 6 | 7 | 7 |
| 33 | 38 | 25 | 19 | 41 | 50 | 42 | 57 | 116 | 124 | 140 | 140 |
| 11 | 13 | 9 | 6 | 15 | 14 | 11 | 15 | 30 | 32 | 35 | 36 |
|
| | 11.5 | -31.6 | -23.9 | 108.4 | 33.2 | -11.0 | 34.9 | 104.2 | 7.3 | 12.6 | -0.4 |
| 3.4 | 3.4 | 2.4 | 2.0 | 3.7 | 4.8 | 4.3 | 4.6 | 7.3 | 7.5 | 7.5 | 7.0 |
| 6.3 | 6.9 | 4.7 | 3.6 | 7.5 | 9.9 | 8.8 | 11.9 | 24.3 | 26.1 | 29.4 | 29.3 |
| Financial Year | Mar 2015 | 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 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 0 | 7 | 7 |
| 128 | 149 | 167 | 178 | 203 | 231 | 259 | 296 | 371 | 428 | 468 | 465 |
Current Liabilities Current LiabilitiesCr | 126 | 174 | 91 | 123 | 131 | 132 | 162 | 209 | 244 | 257 | 271 | 289 |
Non Current Liabilities Non Current LiabilitiesCr | 2 | 2 | 1 | 1 | 1 | 6 | 3 | 1 | 7 | 3 | 2 | 7 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 223 | 292 | 224 | 266 | 303 | 331 | 389 | 475 | 581 | 648 | 700 | 724 |
Non Current Assets Non Current AssetsCr | 40 | 41 | 41 | 43 | 39 | 46 | 42 | 38 | 49 | 47 | 48 | 45 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | 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 | 2 | 19 | -18 | 34 | 3 | 28 | 75 | 33 | 6 | 121 | 90 |
Investing Cash Flow Investing Cash FlowCr | -1 | -5 | 4 | -6 | -6 | -19 | -58 | -19 | -5 | -67 | -6 |
Financing Cash Flow Financing Cash FlowCr | -3 | -6 | -4 | -3 | -2 | -11 | -8 | -11 | -15 | -41 | -71 |
|
Free Cash Flow Free Cash FlowCr | 0 | 18 | -19 | 33 | 2 | 28 | 74 | 33 | 5 | 120 | 90 |
| 8.7 | 78.2 | -108.8 | 267.1 | 10.2 | 80.6 | 238.0 | 79.2 | 6.8 | 130.1 | 86.3 |
CFO To EBITDA CFO To EBITDA% | 5.6 | 50.1 | -71.4 | 185.8 | 5.8 | 67.0 | 178.2 | 59.7 | 5.1 | 102.7 | 70.8 |
| Financial Year | Mar 2015 | 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 | 584 | 418 | 497 | 289 | 297 | 216 | 373 | 495 | 830 | 971 | 1,467 |
Price To Earnings Price To Earnings | 27.4 | 17.5 | 29.8 | 22.8 | 11.2 | 6.1 | 11.9 | 11.7 | 9.6 | 10.5 | 14.1 |
Price To Sales Price To Sales | 0.9 | 0.6 | 0.7 | 0.5 | 0.4 | 0.3 | 0.5 | 0.5 | 0.7 | 0.8 | 1.1 |
Price To Book Price To Book | 4.3 | 2.7 | 2.9 | 1.6 | 1.4 | 0.9 | 1.4 | 1.6 | 2.2 | 2.2 | 3.1 |
| 17.3 | 10.7 | 19.9 | 14.8 | 6.1 | 4.9 | 7.6 | 8.0 | 7.0 | 7.8 | 10.9 |
Profitability Ratios Profitability Ratios |
| 20.3 | 18.1 | 17.0 | 15.5 | 18.5 | 19.3 | 17.9 | 14.1 | 16.7 | 16.4 | 15.8 |
| 5.3 | 5.3 | 3.6 | 2.8 | 6.4 | 5.7 | 5.8 | 6.1 | 9.7 | 9.5 | 9.2 |
| 3.4 | 3.4 | 2.4 | 2.0 | 3.7 | 4.8 | 4.3 | 4.6 | 7.3 | 7.5 | 7.5 |
| 24.5 | 24.2 | 14.0 | 10.7 | 19.8 | 20.2 | 15.8 | 18.7 | 30.2 | 28.7 | 29.3 |
| 16.2 | 15.6 | 9.6 | 6.8 | 12.6 | 14.8 | 11.8 | 14.0 | 22.8 | 21.6 | 21.9 |
| 8.3 | 7.3 | 6.3 | 4.1 | 7.7 | 9.3 | 7.3 | 8.3 | 13.7 | 13.3 | 13.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
D-Link India Limited, a subsidiary of **D-Link Corporation (Taiwan)**, is a leading networking solutions provider operating across India and the SAARC region. With over three decades of experience, D-Link is positioned as an **end-to-end network infrastructure provider**, offering integrated solutions for **home users, small and medium businesses (SMBs), enterprises, government bodies, and service providers**.
Headquartered in India with **13 branch offices**, D-Link combines global technological innovation with deep local market understanding to deliver high-performance, secure, and scalable networking products.
---
### **Market Position & Business Segments**
D-Link holds **strong market leadership** in India across key segments:
- **Consumer WLAN (Wi-Fi) segment**: Leading unit market share.
- **SMB Switching**: Top preference for unmanaged and smart managed switches.
- **Structured Cabling**: Recognized as a major player with comprehensive copper and fiber solutions.
- **Surveillance & CCTV**: Growing presence through AI-enabled IP cameras and Analog HD offerings.
The company strategically serves key verticals including **Government, Education, BFSI (Banking, Financial Services & Insurance), Manufacturing, Hospitality, and Telecom**.
---
### **Product Portfolio**
#### **1. Home & Consumer Networking**
- **AI-Powered Wi-Fi Routers & Mesh Systems**:
- Flagship **EAGLE PRO AI** and **AQUILA PRO AI** series with real-time network optimization, AI Traffic Optimizer, AI Parental Control, and seamless mesh connectivity.
- Supports Wi-Fi 6, AC, Wireless N, and 4G LTE standards.
- Compatible with **Google Assistant** and **Amazon Alexa**.
- **Smart Home Integration**:
- Unified control via **mydlink** cloud platform.
- Devices include **IP cameras, range extenders, smart switches**, and IoT-compatible accessories.
- **ADDON Series**:
- Premium consumer accessories: **mobile adapters, USB-C cables, power strips**, designed for tech-savvy users.
#### **2. Enterprise Networking**
- **Switching Solutions**:
- Full range from **unmanaged, smart managed, fully managed, data center (10G/100GbE), and industrial-grade switches**.
- Features: **Power over Ethernet (PoE)** up to 250 meters (DSS series), energy efficiency, and advanced security.
- **Wireless Infrastructure**:
- **Wi-Fi 6 Access Points** (e.g., DAP-X2810/X2850) for high-density business environments.
- Cloud-managed via **Nuclias Connect** platform, enabling centralized, SLA-backed management for SMBs and enterprises.
- **Surveillance & Security**:
- IP and Analog HD cameras (1MP to 5MP), supporting **IR night vision, audio, remote access**.
- Integrated with **NVRs and D-Link Video Management Software (DVMS/DCMS)**.
- Launch of **AI-powered temperature screening camera (DCS-9500T)** for pandemic safety.
- **Structured Cabling & Enclosures**:
- Copper (Cat5, Cat6, Cat6A) and **fiber optic (OM4/OM5)** solutions for data centers and enterprise networks.
- **High-density MPO**, wall-mount, floor-standing, and **IP66-rated outdoor enclosures**.
#### **3. Smart City & Industrial Applications**
- Supplies networking backbone for **Smart City communication infrastructure**, including secure IP networks and long-range wireless backhaul.
- Industrial switches built for **extreme conditions (oil & gas, shipping, manufacturing)** with certifications for shock, vibration, and temperature resilience.
---
### **Growth Strategy & Innovation (2025 Outlook)**
1. **Digital India & Make in India Alignment**:
- A **significant portion of D-Link’s products are now designed and manufactured in India** through partnerships with local OEMs.
- Reduces time-to-market and enhances supply chain resilience.
- Complements **“Market in India”** strategy focusing on locally relevant, affordable, and reliable technology.
2. **Technology Roadmap**:
- Investing in **AI, Machine Learning, 5G, Private 5G Networks, IoT, and Edge Computing**.
- Development of **Matter-compatible smart home devices** to enable cross-ecosystem interoperability.
- Expansion of **AI-driven network optimization**, predictive maintenance, and intelligent automation.
3. **Cloud & Management Platforms**:
- **mydlink**: Unified cloud platform integrating surveillance, switching, and IoT for consumers and SMBs.
- **Nuclias Connect**: Free cloud-based solution for centralized enterprise wireless and switch management.
- Focus on reducing IT complexity and enabling remote setup, monitoring, and troubleshooting.
4. **Enterprise Expansion**:
- Strengthening direct and project-based sales in **education, government, BFSI, and healthcare**.
- Deployment of pre-sales engineers and customized training programs to build long-term client relationships.
- Active participation in **GeM (Government e-Marketplace)** to capture public sector contracts.
5. **R&D and Subsidiary Synergy**:
- **TeamF1 Networks**, acquired in **June 2014**, operates as a **wholly owned, independent R&D subsidiary** based in Hyderabad.
- Develops **TFOS® (TeamF1 Operating System)** and provides **custom firmware solutions** for embedded networking and security devices.
- Powers **millions of D-Link and third-party devices globally**, including secure gateways, CPEs, and Wi-Fi controllers.
- Key collaborator with **Indian telecom providers and OEMs** on **GPON CPEs and broadband routers** under the ‘Make in India’ initiative.
---
### **Distribution & Channel Network**
D-Link maintains one of the **most extensive distribution and service networks** in India:
- **3–4 National Distributors**
- **Over 100 Business Distributors**
- **More than 15,000 resellers, retailers, e-tailers, and system integrators**
- **E-commerce and large-format retail partners** for broad consumer reach
- **Presence on platforms like Amazon, Flipkart, and retailer chains**
**Logistics & Inventory**:
- 4 Regional Warehouses: **Goa, Bangalore, Mumbai, Delhi**
- Ensures **timely delivery** and supply chain stability across Tier 1 to Tier 3 cities.
---
### **Service & Support Infrastructure**
D-Link provides comprehensive after-sales support:
- **11 Company-Owned D-Link Service Centers (DSCs)** in Tier 1 cities
- **34 Partner Service Providers (DSPs)** across Tier 2 and Tier 3 cities
- **Partner Collection Points in 105+ cities**, logistics in **500+ cities**
- **High-Level Repair Centers**: Mumbai, Delhi, Bangalore, Goa
**Technical Support**:
- **25-Seater D-Link Technical Support Center (DTSC)** offering **Level 1–3 support**
- **D-Link Care Program** for enterprise customers with SLA-backed services
- **Digital Assistance**: WhatsApp-based chatbot, phone helplines
- **D-Link Express Service**: Doorstep replacement for CCTV products
---
### **Digital Transformation & Customer Engagement**
- Robust **digital strategy** complements physical distribution.
- Platforms like **mydlink and Nuclias Connect** enhance user experience and brand stickiness.
- Strong focus on seamless integration across **cloud, hardware, and mobile apps**.
- Partnerships with **Apple, Google, and other tech ecosystems** to expand smart home compatibility.