D & H India Ltd

D & H India Ltd. – Company Report


1. Company Overview


D & H India Ltd., established in 1985 and based in Mumbai, is a prominent manufacturer and exporter specializing in advanced welding consumables and metallurgical cored wires. With a legacy of over three decades, the company serves a wide spectrum of industries including infrastructure, power, oil & gas, engineering, railways, shipping, automobiles, refineries, and general fabrication. D & H India Ltd. is ISO 9001:2015 certified and is well-regarded for its focus on quality, consistency, and continual innovation in welding solutions. The company’s extensive manufacturing infrastructure, robust research & development, and a portfolio of certifications and client approvals reflect its leading status in the Indian industrial sector. The management, led by experienced professionals, places strong emphasis on client satisfaction and technological advancement for both domestic and international markets.

Key Highlights:

  • Established: 1985
  • Headquarters: Mumbai, Maharashtra, India
  • Certifications: ISO 9001:2015; recognized by leading national and international inspection agencies
  • Core Focus: Welding electrodes, wires, fluxes, cored wires, and specialized maintenance consumables
  • Leadership: Professional management with industry expertise
  • Client Sectors: Power, infrastructure, railways, defense, oil & gas, automotive, refineries, and allied heavy industries

2. Products and Services


D & H India Ltd. offers a comprehensive range of welding consumables and engineering solutions, addressing varied industrial demands:

  • Manual Metal Arc Welding Electrodes

    • For mild steel, stainless steel, cast iron, hard-facing, low hydrogen, and specialized applications
  • TIG & MIG Wires

    • Stainless steel, mild steel, and alloy wires for precision joining and complex assemblies
  • Flux Cored Wires

    • For high-performance industrial and maintenance welding, including impact and abrasion resistance
  • Submerged Arc Welding (SAW) Wires & Fluxes

    • Solutions for large fabrication and automated welding in the heavy industry sector
  • Low Heat Input Electrodes

    • Specially engineered for repair and maintenance, extending component life and reducing downtime
  • Cored Wires and Specialty Consumables

    • Metallurgical cored wires for microalloying and process enhancement in steel plants and foundries
  • Custom Engineering and Approval Portfolio

    • Products are certified by reputable agencies including Lloyd’s Register, Bureau Veritas, BHEL, RDSO, Indian Register of Shipping, NPCIL, and Engineers India Ltd.
    • The company emphasizes R&D, with ongoing development of new product families tailored to advanced manufacturing and repair environments

D & H solutions are trusted for efficiency, cost-savings, and high durability—delivering value-added performance across both standard and demanding applications.


3. Recent News and Financial Performance


Recent Developments:

  • D & H India Ltd. has maintained a strong business momentum, expanding its client base and product approvals from marquee industry players in India and abroad.
  • The company’s R&D strategy continues to focus on customer-driven innovation, efficiency enhancement, and minimizing environmental impact across its product categories.

March 2025 Quarter Highlights:

  • Revenue: ₹59.6 Cr
  • Net Profit: ₹2.02 Cr
  • EBIT Margin: 7.04%
  • Net Profit Margin: 3.38%

4. Financial Performance:


Metric FY2025 FY2024
Revenue ₹209 Cr ₹158 Cr
Net Profit ₹5.15 Cr
EPS ₹6.29
Operating Margin ~7%
ROE 12%
Debt Status Debt-Free
Dividend Nil

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales0.872.68
EV / EBITDA15.4315.4
Debt / Equity1.120.41
ROE %11.6120.06
ROCE %12.9922.26
P / B3.874.03
Div Yld %00.88
P/E35.2926.38
OPM %6.9415.25
Qtr Sales Growth YOY %28.0916.04
Qtr Profit Growth YOY %267.2751.11
ROA LAST 12M %4.6411.58
Prom. Hold. %52.2663.14
Sales 3Yrs CAGR %32.124.65
Sales 5Yrs CAGR %21.4919.46
Profit 3Yrs CAGR %31.9871.34
Profit 5Yrs CAGR %41.7946.57

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