---
title: "Denso India Ltd (DENSO) — Share Price, Financials & Analysis"
symbol: "DENSO"
company: "Denso India Ltd"
canonical: "https://tapetide.com/stocks/DENSO"
nse_symbol: "DENSO"
generated_at: "2026-10-13T10:57:58.484Z"
---

# Denso India Ltd (DENSO)

Canonical page: https://tapetide.com/stocks/DENSO

## Company

- **NSE Symbol:** DENSO
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** denso.co.in

## About

Denso India is engaged in the business of manufacturing automotive components and primarily sells to Original Equipment Manufacturers in India as well as overseas.

## Latest Price

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 5Y |
| --- | --- | --- |
| net income growth | -18% | 37% |
| revenue growth | 4% | 10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 224 | 231 | 266 | 237 | 233 | 245 | 322 | 311 | 254 | 306 | 348 | 318 |
| Expenses | 219 | 226 | 255 | 240 | 242 | 257 | 323 | 331 | 274 | 307 | 345 | 321 |
| Operating Profit | 6 | 5 | 11 | -3 | -9 | -12 | -1 | -20 | -20 | -2 | 3 | -4 |
| OPM % | 2.6 | 2.1 | 4.1 | -1.4 | -4 | -5 | -0.3 | -6 | -8 | -0.5 | 1 | -1.1 |
| Other Income | 1 | 0 | 1 | 1 | -3 | 2 | 3 | 9 | 2 | 84 | 8 | 2 |
| Interest | 0 | 0 | 1 | 2 | 3 | 4 | 3 | 2 | 2 | 4 | 0 | 3 |
| Depreciation | 5 | 6 | 7 | 8 | 9 | 10 | 12 | 10 | 11 | 8 | 9 | 9 |
| Profit before tax | 1 | -1 | 4 | -12 | -24 | -24 | -12 | -23 | -31 | 70 | 2 | -13 |
| Tax % | -16 | 191 | 36 | -3 | -1 | 5 | 0 | -4 | 3 | 3 | 152 | 1 |
| Net Profit | 1 | -3 | 2 | -11 | -23 | -26 | -12 | -22 | -32 | 68 | -1 | -14 |
| EPS in Rs | 0.37 | -0.99 | 0.82 | -3.98 | -8.36 | -9.15 | -4.45 | -7.82 | -11.44 | 24.28 | -0.47 | -4.88 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1215 | 1200 | 1004 | 940 | 1040 | 1215 | 1184 | 1055 | 1617 | 1687 |
| Expenses | 1259 | 1209 | 1009 | 904 | 975 | 1116 | 1128 | 1024 | 1470 | 1512 |
| Operating Profit | -44 | -9 | -6 | 36 | 65 | 99 | 56 | 32 | 147 | 175 |
| OPM % | -3.6 | -0.8 | -0.6 | 3.9 | 6 | 8 | 4.7 | 3 | 9 | 10 |
| Other Income | 109 | 11 | 16 | 3 | 7 | 9 | 13 | 8 | 16 | -24 |
| Interest | 8 | 19 | 20 | 19 | 15 | 12 | 12 | 17 | 16 | 10 |
| Depreciation | 38 | 39 | 46 | 47 | 46 | 43 | 36 | 38 | 54 | 55 |
| Profit before tax | 19 | -56 | -56 | -26 | 10 | 54 | 21 | -15 | 94 | 86 |
| Tax % | 33 | 1 | 0 | 0 | 0 | 0 | 0 | 74 | -10 | 27 |
| Net Profit | 13 | -56 | -56 | -26 | 10 | 54 | 21 | -27 | 103 | 62 |
| EPS in Rs | 4.59 | -20.19 | -19.98 | -9.47 | 3.77 | 19.37 | 7.46 | -9.54 | 37.02 | 22.42 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 28 | 28 | 28 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves | 122 | 66 | 10 | -9 | 2 | 56 | 77 | 50 | 206 | 237 |
| Borrowings | 213 | 274 | 280 | 220 | 192 | 127 | 218 | 290 | 161 | 129 |
| Other Liabilities | 246 | 208 | 165 | 181 | 181 | 238 | 228 | 228 | 271 | 269 |
| Total Liabilities | 609 | 576 | 483 | 423 | 405 | 451 | 552 | 599 | 668 | 665 |
| Fixed Assets | 170 | 194 | 178 | 155 | 126 | 116 | 106 | 255 | 189 | 163 |
| CWIP | 17 | 5 | 13 | 2 | 5 | 3 | 78 | 12 | 6 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 422 | 376 | 292 | 266 | 275 | 332 | 368 | 332 | 473 | 495 |
| Total Assets | 609 | 576 | 483 | 423 | 405 | 451 | 552 | 599 | 668 | 665 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -28 | -34 | 47 | 23 | 36 | 108 | 48 | 41 | 158 | 116 |
| Cash from Investing Activity | 0 | -52 | -32 | -11 | -20 | -30 | -84 | -131 | -36 | -41 |
| Cash from Financing Activity | -11 | 84 | -17 | -10 | -15 | -78 | 80 | 58 | -122 | -74 |
| Net Cash Flow | -40 | -2 | -2 | 2 | 0 | 0 | 43 | -32 | 0 | 2 |
| Free Cash Flow | -33 | -90 | 10 | 10 | 14 | 77 | -42 | -91 | 122 | 85 |
| CFO/OP | 72 | 403 | -846 | 64 | 56 | 116 | 94 | 134 | 125 | 87 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 41 | 42 | 39 | 44 | 47 | 48 | 38 | 37 | 40 | 41 |
| Inventory Days | 70 | 41 | 51 | 60 | 49 | 50 | 58 | 79 | 73 | 66 |
| Days Payable | 73 | 55 | 57 | 70 | 60 | 67 | 58 | 66 | 63 | 55 |
| Cash Conversion Cycle | 38 | 28 | 34 | 34 | 36 | 31 | 38 | 49 | 50 | 52 |
| Working Capital Days | 44 | 27 | 37 | 31 | 29 | 24 | 24 | 32 | 9 | 8 |
| ROCE % | -18 | -10 | -11 | -3 | 11 | 29 | 11 | 0 | — | 33 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 51.52 | Sell |
| EMA (10) | 51.52 | Sell |
| SMA (20) | 54.64 | Sell |
| EMA (20) | 53.38 | Sell |
| SMA (50) | 55.98 | Sell |
| EMA (50) | 55.47 | Sell |
| SMA (100) | 57.07 | Sell |
| EMA (100) | 56.13 | Sell |
| SMA (200) | 55.23 | Sell |
| EMA (200) | 56.12 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 34.06 | Neutral |
| MACD (12,26,9) | -2.08 | Sell |
| Stochastic (14,3,3) | 19.05 | Buy |
| ADX (14) | 15.19 | Neutral |
| Williams %R (14) | -81.98 | Buy |
| ATR (14) | 4.35 | High Volatility |
| ROC (12) | -11.04 | Sell |
| Stoch RSI (14) | 20.58 | Neutral |
| UO (7,14,28) | 23.88 | Buy |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2016 | [Annual Report 2016](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/DENSO_INDIA_LTD-520022-MARCH-2016.PDF) |
| 2015 | [Annual Report 2015](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/DENSO_INDIA_LTD-520022-MARCH-2015.PDF) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/520022/5200220310.pdf) |
| 2009 | [Annual Report 2009](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/DENSO_INDIA_LTD-520022-MARCH-2009.PDF) |
| 2008 | [Annual Report 2008](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2008/DENSO_INDIA_LTD-520022-MARCH-2008.PDF) |
| 2007 | [Annual Report 2007](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2007/DENSO_INDIA_LTD-520022-MARCH-2007.PDF) |
| 2006 | [Annual Report 2006](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2006/DENSO_INDIA_LTD-520022-MARCH-2006.PDF) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:57:58.484Z.