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D-Link India Ltd

DLINKINDIA·NSE
426.10+0.60%Wed, 23 Sept '26

D-Link India Ltd

DLINKINDIA
NSE
426.10
+0.60%
|Wed, 23 Sept '26
SOICxStockScans Reports
6M
Price
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Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
1,510Cr
Close
Close Price
425.20
Industry
Industry
IT Networking Equipment
PE
Price To Earnings
14.07
PS
Price To Sales
0.90
Revenue
Revenue
1,673Cr
Rev Gr TTM
Revenue Growth TTM
20.48%
PAT Gr TTM
PAT Growth TTM
2.15%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
308294334346337331370350377395444457
Growth YoY
Revenue Growth YoY%
4.95.07.215.49.312.710.81.311.819.320.030.5
Expenses
ExpensesCr
278265303318304298337321344361409422
Operating Profit
Operating ProfitCr
302931283333322933353535
OPM
OPM%
9.99.99.38.29.810.18.88.48.88.77.97.6
Other Income
Other IncomeCr
344544654445
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
222222222222
PBT
PBTCr
323134323536373334363737
Tax
TaxCr
88889910899910
PAT
PATCr
242325242727272425272828
Growth YoY
PAT Growth YoY%
4.0-15.924.312.613.115.59.33.3-5.00.70.713.3
NPM
NPM%
7.77.87.56.87.98.07.47.06.76.86.26.0
EPS
EPS
6.76.57.16.77.57.57.76.97.27.57.87.8
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
308294334346337331370350377395444457
Growth YoY
Revenue Growth YoY%
4.95.07.215.49.312.710.81.311.819.320.030.5
Expenses
ExpensesCr
278265303318304298337321344361409422
Operating Profit
Operating ProfitCr
302931283333322933353535
OPM
OPM%
9.99.99.38.29.810.18.88.48.88.77.97.6
Other Income
Other IncomeCr
344544654445
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
222222222222
PBT
PBTCr
323134323536373334363737
Tax
TaxCr
88889910899910
PAT
PATCr
242325242727272425272828
Growth YoY
PAT Growth YoY%
4.0-15.924.312.613.115.59.33.3-5.00.70.713.3
NPM
NPM%
7.77.87.56.87.98.07.47.06.76.86.26.0
EPS
EPS
6.76.57.16.77.57.57.76.97.27.57.87.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
7217076447167407279181,1811,2361,3841,5661,673
Growth
Revenue Growth%
12.6-2.0-8.911.23.4-1.826.428.64.712.013.120.5
Expenses
ExpensesCr
6836816256706986858621,0661,1181,2571,4341,535
Operating Profit
Operating ProfitCr
38251846424256115117127132137
OPM
OPM%
5.33.62.86.45.75.86.19.79.59.28.48.2
Other Income
Other IncomeCr
123-31477714201716
Interest Expense
Interest ExpenseCr
011011011111
Depreciation
DepreciationCr
221165556777
PBT
PBTCr
38251941504257116124140140144
Tax
TaxCr
1396151411153032353637
PAT
PATCr
241713263531428693104104107
Growth
PAT Growth%
11.5-31.6-23.9108.433.2-11.034.9104.27.312.6-0.22.1
NPM
NPM%
3.42.42.03.74.84.34.67.37.57.56.76.4
EPS
EPS
6.94.73.67.59.98.811.924.326.129.429.330.2
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
7217076447167407279181,1811,2361,3841,5661,673
Growth
Revenue Growth%
12.6-2.0-8.911.23.4-1.826.428.64.712.013.120.5
Expenses
ExpensesCr
6836816256706986858621,0661,1181,2571,4341,535
Operating Profit
Operating ProfitCr
38251846424256115117127132137
OPM
OPM%
5.33.62.86.45.75.86.19.79.59.28.48.2
Other Income
Other IncomeCr
123-31477714201716
Interest Expense
Interest ExpenseCr
011011011111
Depreciation
DepreciationCr
221165556777
PBT
PBTCr
38251941504257116124140140144
Tax
TaxCr
1396151411153032353637
PAT
PATCr
241713263531428693104104107
Growth
PAT Growth%
11.5-31.6-23.9108.433.2-11.034.9104.27.312.6-0.22.1
NPM
NPM%
3.42.42.03.74.84.34.67.37.57.56.76.4
EPS
EPS
6.94.73.67.59.98.811.924.326.129.429.330.2

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
77777777777
Reserves
ReservesCr
149167178203231259296371428468499
Current Liabilities
Current LiabilitiesCr
17491123131132162209244257271296
Non Current Liabilities
Non Current LiabilitiesCr
21116317329
Total Liabilities
Total LiabilitiesCr
333265309342377431513629695748811
Current Assets
Current AssetsCr
292224266303331389475581648700760
Non Current Assets
Non Current AssetsCr
4141433946423849474852
Total Assets
Total AssetsCr
333265309342377431513629695748811
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
77777777777
Reserves
ReservesCr
149167178203231259296371428468499
Current Liabilities
Current LiabilitiesCr
17491123131132162209244257271296
Non Current Liabilities
Non Current LiabilitiesCr
21116317329
Total Liabilities
Total LiabilitiesCr
333265309342377431513629695748811
Current Assets
Current AssetsCr
292224266303331389475581648700760
Non Current Assets
Non Current AssetsCr
4141433946423849474852
Total Assets
Total AssetsCr
333265309342377431513629695748811

Cash Flow

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
19-1834328753361219015
Investing Cash Flow
Investing Cash FlowCr
-54-6-6-19-58-19-5-67-666
Financing Cash Flow
Financing Cash FlowCr
-6-4-3-2-11-8-11-15-41-71-81
Net Cash Flow
Net Cash FlowCr
8-1825-5-284-151213-1
Free Cash Flow
Free Cash FlowCr
18-1933228743351209013
CFO To PAT
CFO To PAT%
78.2-108.8267.110.280.6238.079.26.8130.186.314.3
CFO To EBITDA
CFO To EBITDA%
50.1-71.4185.85.867.0178.259.75.1102.770.811.3
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
19-1834328753361219015
Investing Cash Flow
Investing Cash FlowCr
-54-6-6-19-58-19-5-67-666
Financing Cash Flow
Financing Cash FlowCr
-6-4-3-2-11-8-11-15-41-71-81
Net Cash Flow
Net Cash FlowCr
8-1825-5-284-151213-1
Free Cash Flow
Free Cash FlowCr
18-1933228743351209013
CFO To PAT
CFO To PAT%
78.2-108.8267.110.280.6238.079.26.8130.186.314.3
CFO To EBITDA
CFO To EBITDA%
50.1-71.4185.85.867.0178.259.75.1102.770.811.3

Ratios

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
4184972892972163734958309711,4671,3421,510
Price To Earnings
Price To Earnings
17.529.822.811.26.111.911.79.610.514.112.914.1
Price To Sales
Price To Sales
0.60.70.50.40.30.50.50.70.81.10.90.9
Price To Book
Price To Book
2.72.91.61.40.91.41.62.22.23.12.63.0
EV To EBITDA
EV To EBITDA
10.719.914.86.14.97.68.07.07.810.99.810.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
17.916.715.018.118.616.412.515.214.914.313.413.4
OPM
OPM%
5.33.62.86.45.75.86.19.79.59.28.48.2
NPM
NPM%
3.42.42.03.74.84.34.67.37.57.56.76.4
ROCE
ROCE%
24.214.010.719.820.215.818.730.228.329.327.227.2
ROE
ROE%
15.69.66.812.614.811.814.022.821.321.920.620.6
ROA
ROA%
7.36.34.17.79.37.38.313.713.313.912.812.8
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
4184972892972163734958309711,4671,3421,510
Price To Earnings
Price To Earnings
17.529.822.811.26.111.911.79.610.514.112.914.1
Price To Sales
Price To Sales
0.60.70.50.40.30.50.50.70.81.10.90.9
Price To Book
Price To Book
2.72.91.61.40.91.41.62.22.23.12.63.0
EV To EBITDA
EV To EBITDA
10.719.914.86.14.97.68.07.07.810.99.810.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
17.916.715.018.118.616.412.515.214.914.313.413.4
OPM
OPM%
5.33.62.86.45.75.86.19.79.59.28.48.2
NPM
NPM%
3.42.42.03.74.84.34.67.37.57.56.76.4
ROCE
ROCE%
24.214.010.719.820.215.818.730.228.329.327.227.2
ROE
ROE%
15.69.66.812.614.811.814.022.821.321.920.620.6
ROA
ROA%
7.36.34.17.79.37.38.313.713.313.912.812.8
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
D-Link India is the local arm of a Taiwanese networking giant, selling the routers, switches and cables that keep Indian homes and offices connected - essentially, the plumbing of the internet. It was incorporated in 2008 and listed on Indian stock exchanges, making it the only publicly traded overseas subsidiary of its parent, D-Link Corporation. The recurring approach is to combine a globally recognised brand with deep local manufacturing and distribution, so that over 70% of what it sells is sourced within India. # Business segments Two engines that feed each other - a broad hardware distribution business built on a global brand and local reach, and a small embedded-software unit that writes the secure code inside networking devices. ## 1. Networking hardware: the brand behind the internet plumbing **D-Link India buys and sells the physical equipment that creates networks - from the Wi‑Fi router in a living room to the structured cabling in a corporate data centre - under a brand name that Indian businesses and households have trusted for decades.** - **A brand with a licence to make** - the company holds exclusive rights from its Taiwanese parent to use the D-Link trademark on products it manufactures locally, which means it can build equipment under its own designs and quality control through third-party factories across India. - **Home users know the name** - its consumer range is built around Wi‑Fi routers, mesh systems that eliminate dead zones in every room, and plug-and-play unmanaged switches for small offices, all backed by strong brand recall in the Home and SMB space. - **Enterprises buy the full stack** - for companies and government projects, it supplies managed switches with 10 to 100 Gigabit speeds, wireless access points, surveillance cameras, and the structured cabling (copper and fibre) that runs through office walls, making it one of the major players in the Indian structured cabling market. - **Made close to the customer** - over 70% of its product supply is sourced locally through more than 30 contract manufacturing units, which shortens supply chains and aligns with the government’s ‘Make in India’ push. - **Reach that rivals cannot easily copy** - the hardware reaches customers through 3 national distributors, over 100 business distributors, and a network of more than 15,000 resellers, retailers and e-tailers, supported by four regional warehouses and a 25-seater technical support centre. ## 2. Embedded software: the secure code inside the box **Through its wholly owned subsidiary TeamF1 Networks, D-Link India writes the operating software that powers networking devices - a niche, high-margin business that sells to telecom providers and device makers, including its own parent.** - **An acquired software house** - TeamF1 was founded in 2000 and bought by D-Link India in 2014, giving the company in-house capability to develop security and networking firmware for embedded devices. - **Millions of devices run its code** - its core platform, TFOS®, drives applications from home gateways and business firewalls to cloud-managed Wi‑Fi controllers, and its firmware is deployed on millions of devices across India and on thousands of secure gateway routers globally. - **Silicon-agnostic, so it fits anywhere** - the software works across chips from Broadcom, Qualcomm, MediaTek and others, and supports both proprietary and open-source platforms, which means device manufacturers can use TeamF1’s code regardless of their hardware choices. # Group structure and partners **D-Link India is a publicly traded subsidiary of a Taiwanese parent, with a distribution and service network that spans the country and a supply chain built on local contract manufacturing.** - The ultimate holding company is D-Link Corporation of Taiwan, which holds its stake through a Mauritius subsidiary that owned 51.02% of D-Link India as of March 2023. - The company’s only subsidiary is TeamF1 Networks, in which it holds a 99.99% stake, and the two share leadership - D-Link India’s MD is also TeamF1’s Chairman. - Products are primarily procured from local EMS (Electronic Manufacturing Services) and ODM (Original Design Manufacturer) partners, and the company pays a royalty of 1.5% on sales of licensed products to D-Link Corporation for use of the trademark. - After-sales support runs through 11 D-Link Service Centres and 34 Partner Service Providers, backed by high-level repair centres in four cities and a multilingual WhatsApp chatbot integrated with a central CRM system.

Documents — D-Link India Ltd

  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/mxc0ojha9jfg00u2l1t2i9gp.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/zgh7hlphloylrtebrqtmbbyk.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/9nxl18bckepj18sk6yqsaxk2.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/7enk9esct7vn5mwfklr9t9pc.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/f6d73ut53ioetm179i7ha6ge.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/xwx9ln5xvt339yoxdjgh9kw5.pdf
  • Q1 FY2025 Quarterly Result (Jun 2024, PDF): https://www.stockscans.in/document/38r4vj81p9azdkf54aw1qkk7.pdf
  • Q4 FY2024 Quarterly Result (Mar 2024, PDF): https://www.stockscans.in/document/uxlvwrt3hdqcd2q3onmcpjhd.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/escixm50c25i6hh59d99jv56.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/4eqmdnv4jxrfajop054jz43v.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/808z5wtlivf6zstzbi7z2927.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/q6cb1qkk4693g85eaf2k7xb6.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/jfp3bhm65nqxjl794r0tyrcc.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/qn62mtfd9evksxfswr1o7tn7.pdf
  • FY2020 Annual Report (PDF): https://www.stockscans.in/document/ad5kj20earlsgujks5h5wpdf.pdf