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Dhoot Transmission

DHOOTTRANS NSE
₹1,488.40 −34.60 (−2.27%)
P/E
79.59
View as Markdown
MCP
Close 3 Nov 2026 ₹1,488.40 +301.35 +25.4% since 17 Aug 2026
Start ₹1,187.05

Key Fundamentals

SmallcapAuto Components & EquipmentsAutomobile and Auto Components

Price-based figures as of · TTM

ROCE
26.00%
Debt to Equity
—
EPS (TTM)
₹18.70
Book Value
₹187.43
Market Cap
—
P/E (TTM)
79.59
P/B
7.94
ROE
26.20%
Dividend Yield
0.00%
EBITDA
₹750 Cr
52W High
₹1,735.30
52W Low
₹1,131.00
Day Range
₹1,434.80 – ₹1,557.70
Volume
8,71,131

Peer Comparison

Consumer Discretionary › Auto Components › Auto Components & Equipments

Dhoot Transmission peer comparison
Samvardhana Motherson International
₹160.0038.55₹1,70,401 Cr3.990.38%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹49,645.0061.96₹1,47,333 Cr9.860.56%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,777.30120.33₹86,754 Cr7.500.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,124.5054.01₹66,425 Cr9.520.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹900.0075.00₹56,203 Cr8.760.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,524.7042.68₹55,064 Cr8.960.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,190.0069.88₹42,261 Cr5.470.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Dhoot Transmission (this company)
₹1,488.4079.59₹31,243 Cr7.940.00%26.20%26.00%₹3,719 Cr₹324 Cr
Median 8 companies₹1,632.8565.92₹61,314 Cr8.350.38%13.30%18.35%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 44.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral4114
OscillatorsBullish072
Moving AveragesBearish442

Key readings

RSI (14)
50.96
Neutral
MACD (12,26,9)
1.85
Bullish
SMA (50)
1,518.77
Bearish
SMA (200)
—
Neutral

As of

Analyst Rating

Based on 7 analysts
BUY71%

5 of 7 analysts rate Buy, 0 Hold, 2 Sell.

As of

BUY
5
71%
HOLD
0
0%
SELL
2
29%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+27.52%
3Y+25.92%
1Y+34.44%

Net profit

Net profit growth by window
5Y+46.90%
3Y+19.19%
1Y+9.62%

Operating margin· change in pp

Operating margin growth by window
5Y−0.40 pp
3Y−2.16 pp
1Y−1.72 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹1,034 Cr
Mar 2022₹1,212 Cr
Mar 2023₹1,746 Cr
Mar 2024₹2,273 Cr
Mar 2025₹2,593 Cr
Mar 2026₹3,486 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹25.00 Cr
Mar 2022₹32.00 Cr
Mar 2023₹101 Cr
Mar 2024₹190 Cr
Mar 2025₹156 Cr
Mar 2026₹171 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹249 Cr +8.5% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk high

Dhoot Transmission Ltd trades at ₹1,530.6 with a market cap of ₹31,308 Cr as of 2026-10-28, commanding a P/E of 81.85x on TTM EPS of ₹18.7. The company has delivered strong compounded profit growth of 45% CAGR over five years and maintains a 3-year average ROE of 29%, though its current valuation multiples are elevated relative to earnings and book value.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 45% CAGR demonstrates sustained earnings momentum and scalability
  • Strong 3-year average ROE of 29% and last-year ROE of 26% indicate efficient capital allocation well above the cost of equity
  • ROCE of 21.97% reflects healthy returns on total capital employed, suggesting the business generates value even after accounting for debt
  • TTM sales growth of 34% shows continued top-line acceleration, indicating robust demand or successful market share gains
  • 5-year compounded sales growth of 28% paired with 45% profit growth suggests improving operating leverage and margin expansion over time
  • 3-year compounded profit growth of 21% and 3-year sales growth of 26% indicate that growth has been consistent across multiple time horizons rather than a one-off spike
  • Debt-to-equity ratio of 0.7 is manageable and indicates the company has not over-leveraged to fund its growth trajectory
  • Stock is trading approximately 11.8% below its 52-week high of ₹1,735.3, suggesting some correction from peak levels has already occurred
Bear Case 6
  • Price-to-book ratio of 8.16x is steep, meaning investors are paying over 8 times the book value per share, which amplifies downside risk in a correction
  • Zero dividend yield indicates the company returns no cash to shareholders, making investors entirely dependent on capital appreciation
  • ROE has declined from a 3-year average of 29% to 26% in the last year and current ROE stands at 16.3%, signalling a potential downward trend in return efficiency
  • TTM profit growth of 25% has decelerated meaningfully from the 5-year CAGR of 45%, yet the valuation multiple has not compressed proportionally
  • Debt-to-equity of 0.7 is non-trivial; in a rising interest rate environment, servicing costs could compress margins and weigh on the 21.97% ROCE
  • At a market cap of ₹31,308 Cr, the stock is priced for near-flawless execution — any earnings miss or guidance disappointment could trigger sharp de-rating from the 81.85x P/E

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

10h ago

TL;DR: Dhoot Transmission is delivering solid topline and EBITDA growth with a 30% YoY jump in Q2 EBITDA, but profitability is under pressure as margins contracted over 300 bps and net profit stayed flat. The early-stage German subsidiary adds international optionality but carries execution risk with nil revenue so far. The trend is mixed — revenue momentum is encouraging, but margin deterioration needs monitoring in coming quarters.

Headwinds 2
  • EBITDA margin contracts sharply Nov 3

    EBITDA margin fell to 14.33% from 17.6% YoY in Q2, a 327 bps contraction despite revenue growth, signaling rising cost pressures.

  • German subsidiary has nil revenue Oct 31

    Dhoot Transmission GmbH reported nil turnover for FY26 and net worth of just €45,718.57, making the overseas expansion an unproven bet.

Positives 2
  • EBITDA jumps 30% YoY Nov 3

    Q2 consolidated EBITDA rose to ₹2.61 billion from ₹2 billion YoY, a ~30% increase reflecting strong topline momentum.

  • German subsidiary capital infusion Oct 31

    Dhoot Transmission invested €2,50,000 (₹2.82 crore) in its German subsidiary to support working capital and international expansion.

Neutral 1
  • Net profit flat in Q2 Nov 3

    Q2 consolidated net profit came in at ₹1.2 billion, essentially flat YoY, as margin compression offset EBITDA growth.

Quarterly Results

₹ Cr
DHOOTTRANS quarterly results, ₹ crore
Particulars Jun 2025Mar 2026Jun 2026
Sales
738
988
1,077
Expenses
655
895
974
Operating Profit
83
93
104
OPM %
11%
9%
10%
Other Income
2
2
3
Interest
16
16
9
Depreciation
15
20
21
PBT
55
59
77
Tax %
25%
23%
26%
Net Profit
41
45
57
EPS (₹)
204
2.41
3.04

Profit & Loss

₹ Cr
DHOOTTRANS profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,034
1,212
1,746
2,273
2,593
3,486
Expenses
926
1,084
1,534
1,934
2,288
3,136
Operating Profit
108
128
213
339
305
350
OPM %
10%
11%
12%
15%
12%
10%
Other Income
2
2
4
8
14
10
Interest
41
37
40
39
46
64
Depreciation
36
38
49
54
56
68
PBT
34
54
128
253
216
228
Tax %
25%
41%
21%
25%
28%
25%
Net Profit
25
32
101
190
156
171
EPS (₹)
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
9.07
Div. Payout %
7%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
DHOOTTRANS balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
18
18
18
18
18
—
Reserves
198
230
324
513
667
—
Borrowings
444
371
319
356
482
—
Other Liabilities
209
225
281
283
430
—
Total Liabilities
869
843
941
1,170
1,596
—
Fixed Assets
337
349
386
390
513
—
CWIP
11
15
1
26
82
—
Investments
75
89
89
126
210
—
Other Assets
446
391
466
628
791
—
Total Assets
869
843
941
1,170
1,596
—

Cash Flow

₹ Cr
DHOOTTRANS cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
20
174
182
121
224
—
Investing
−33
−74
−72
−107
−287
—
Financing
13
−109
−99
−28
58
—
Net Cash Flow
0
−9
11
−14
−4
—
Free Cash Flow
−21
119
122
52
12
—
CFO/OP
24
147
101
54
96
—

Ratios

DHOOTTRANS financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
62
53
41
53
61
—
Inventory Days
80
63
51
43
47
—
Days Payable
74
68
59
52
68
—
Cash Conversion Cycle
67
48
33
44
40
—
Working Capital Days
−8
−9
−6
5
−4
—
ROCE %
—
14%
26%
37%
25%
—

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Dhoot Transmission insights

47 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 82.78%
  • DIIs 12.94%
  • FIIs 2.17%
  • Public 1.76%
  • Others 0.36%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

A trend needs at least two reported periods.

Documents

Frequently Asked Questions about Dhoot Transmission

What does Dhoot Transmission Ltd do?
Dhoot Transmission Limited is a global Tier-1 manufacturer of integrated electrical systems, specialising across eight product families: wiring and cable systems, interconnect components, mechanical control systems, electronics and sensors, EV systems, switches and interfaces, protection and…
Where is Dhoot Transmission Ltd (DHOOTTRANS) listed?
Dhoot Transmission Ltd trades as DHOOTTRANS on the NSE and under code 544867 on the BSE.
Which sector does Dhoot Transmission Ltd belong to?
Dhoot Transmission Ltd is classified under the Consumer Discretionary sector, in the Auto Components industry.
What is the PE ratio of Dhoot Transmission Ltd?
Dhoot Transmission Ltd trades at a PE ratio of 79.59 as of 3 Nov 2026, on earnings per share of ₹18.7, against a book value of ₹187.43 per share.
What is the 52-week high and low of Dhoot Transmission Ltd?
Over the last 52 weeks Dhoot Transmission Ltd has traded between ₹1,131 and ₹1,735.3 as of 3 Nov 2026.
What is the Return on Equity (ROE) of Dhoot Transmission Ltd?
Dhoot Transmission Ltd reported a return on equity of 26.20%.

Company Information

Dhoot Transmission Limited is a global Tier-1 manufacturer of integrated electrical systems, specialising across eight product families: wiring and cable systems, interconnect components, mechanical control systems, electronics and sensors, EV systems, switches and interfaces, protection and insulation, and power solutions. From a single facility to a global network of manufacturing and engineering operations, the company delivers integrated electrical systems across automotive, electric vehicles, industrial equipment, agriculture, marine, railways, medical devices, and consumer applications.

Website dhoottransmission.com
Listed 17 Aug 2026
Face Value ₹2

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