Diamond Power Infrastructure Ltd
Diamond Power Infrastructure Ltd
CablesKey Fundamentals
SmallcapCables - PowerCablesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Diamond Power Infrastructure Ltd insights
49 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has delivered good profit growth of 52.0% CAGR over last 5 years
Weaknesses
2- Debtor days have increased from 67.6 to 82.9 days.
- Working capital days have increased from 45.4 days to 68.1 days
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoDiamond Power Infrastructure Ltd is a post-NCLT turnaround cable manufacturer trading at a market cap of ₹19,129 Cr with a PE of 138.7x. The company has delivered explosive TTM sales growth of 96% and 5-year profit CAGR of 52%, supported by an order book of ~₹3,688 Cr (approximately 2 years of revenue visibility), but carries elevated working capital days (68.1 days) and trades at demanding valuations with no dividend payout.
- TTM revenue growth of 96% demonstrates rapid top-line scaling post-insolvency resolution, with FY26 annual revenue reaching ~₹1,910 Cr (71% YoY growth)
- 5-year compounded profit CAGR of 52% shows consistent earnings trajectory improvement since the 2022 NCLT resolution
- Order book of ~₹3,688 Cr as of August 2025 provides approximately 2 years of revenue visibility
- Q1 FY27 revenue surged 129% YoY to ₹690 Cr with net profit up 191% to ₹58.5 Cr, indicating continued momentum
- EBITDA margin expanded to 12.3% in Q1 FY27, with EBITDA growing 172% YoY to ₹85 Cr, showing operating leverage
- Company targets ₹10,000 Cr revenue by 2030, backed by strategic Adani Group relationships driving bulk orders
- Stock has delivered 1-year CAGR of 150% and 5-year CAGR of 455%, reflecting market confidence in the turnaround story
- Cables and conductors sector benefits from India's multi-year power infrastructure capex cycle including transmission upgrades and renewable energy evacuation
- PE ratio of 138.7x is extremely elevated relative to the cables sector, leaving limited margin of safety if growth decelerates
- Price-to-book of 21.69x implies the market is pricing in many years of flawless execution
- Debtor days have increased from 67.6 to 82.9 days, signalling potential collection challenges or aggressive revenue recognition
- Working capital days have worsened from 45.4 to 68.1 days, indicating capital is increasingly tied up in operations
- Zero dividend yield means shareholders rely entirely on capital appreciation with no income cushion
- 10-year compounded sales CAGR of -1% reflects the long insolvency period and highlights that the current growth is from a very low base post-NCLT
- High customer concentration risk with significant dependence on Adani Group orders for growth trajectory
- Company emerged from insolvency only in September 2022 with prior PMLA proceedings (discharged May 2026), leaving a limited post-resolution operating track record of ~3 years
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 20h ago- EBITDA margin compression Aug 14
EBITDA margin contracted to 9.57% from 10.39% YoY in Q1FY27, signaling cost pressures despite 115% EBITDA growth to ₹677 million.
- FY26 audit qualification on PPE Jul 23
Auditors issued a qualified opinion on FY26 consolidated results due to ongoing PPE reconciliation, raising governance and asset-verification concerns.
- Commodity price exposure on orders Jul 20
The ₹185.16 crore Adani Energy conductor order has variable pricing linked to Aluminium LME and USD/INR rates, exposing margins to commodity and currency volatility.
- Q1FY27 profit surges 268% YoY Aug 14
Net profit jumped 268% YoY to ₹571 million on revenue of ₹7.1 billion (up 137%), demonstrating strong volume-led growth momentum.
- ₹195 Cr order, 4.41x book-to-bill Aug 11
Diacabs won a ₹195.48 crore power cables order from Rajesh Power Services, taking Q2FY27 inflows to ₹2,113 crore with a robust 4.41x book-to-bill ratio.
- ₹185 Cr Adani conductor order Jul 20
Secured LoA from Adani Energy Solutions for AL59 aluminium alloy conductors worth ₹185.16 crore, with deliveries from Jul 2026 to Feb 2027.
- QIP approved with 99.99% votes Jul 21
Shareholders approved Qualified Institutions Placement via postal ballot with 99.9995% votes in favour, enabling growth capital raise.
- Q1FY27 earnings call scheduled Aug 11
Diamond Power Infrastructure scheduled its Q1FY27 earnings call for August 14, 2026 at 10:00 AM IST to discuss financial results.
- Subsidiary revenues hit ₹9,533 Cr Jul 23
FY26 consolidated subsidiary revenues reached ₹9,533 crore as disclosed alongside the auditor's qualified opinion on annual results.
TL;DR: Diamond Power Infrastructure is delivering explosive top-line and bottom-line growth with Q1FY27 profit up 268% and a healthy 4.41x book-to-bill ratio backed by large orders from Adani and Rajesh Power. Key risks include margin compression from rapid scaling, commodity-linked pricing on conductor orders, and an unresolved audit qualification on fixed assets. The QIP approval provides a capital runway for capacity expansion. The growth trajectory is strongly positive, but investors should watch whether margins stabilize and the PPE reconciliation gets resolved in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74 | 75 | 60 | 134 | 224 | 250 | 307 | 334 | 304 | 445 | 481 | 715 | 707 |
| Expenses | 63 | 64 | 57 | 116 | 200 | 237 | 291 | 320 | 274 | 404 | 421 | 649 | 640 |
| Operating Profit | 11 | 10 | 3 | 18 | 24 | 13 | 16 | 14 | 29 | 41 | 60 | 65 | 68 |
| OPM % | 15% | 14% | 5% | 13% | 11% | 5% | 5% | 4.1% | 10% | 9% | 12% | 9% | 10% |
| Other Income | 0 | -1 | -1 | 3 | 0 | 0 | 0 | 0 | -3 | 0 | 0 | 2 | 7 |
| Interest | 1 | 2 | 2 | 1 | 3 | 4 | 5 | 1 | 3 | 9 | 7 | 6 | 6 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 8 | 11 |
| PBT | 6 | 2 | -5 | 14 | 17 | 4 | 6 | 8 | 15 | 25 | 46 | 53 | 57 |
| Tax % | 0% | 0% | 0% | -1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 6 | 2 | -5 | 14 | 17 | 4 | 6 | 8 | 15 | 25 | 46 | 54 | 57 |
| EPS in Rs | 0.1 | 0.04 | -0.1 | 0.27 | 0.31 | 0.08 | 0.12 | 0.15 | 0.29 | 0.48 | 0.87 | 1.02 | 1.08 |
Profit & Loss
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,740 | 2,126 | 2,674 | 2,369 | 2,045 | 1,131 | 0 | 0 | 15 | 343 | 1,115 | 1,944 | 2,348 |
| Expenses | 1,547 | 1,907 | 2,412 | 2,252 | 2,055 | 1,778 | 2 | 3 | 39 | 301 | 1,048 | 1,749 | 2,114 |
| Operating Profit | 193 | 219 | 262 | 117 | -11 | -647 | -2 | -3 | -24 | 43 | 67 | 196 | 234 |
| OPM % | 11% | 10% | 10% | 4.9% | -0.5% | -57% | — | -5560% | -153% | 12% | 6% | 10% | 10% |
| Other Income | 3 | 6 | 7 | -20 | 7 | 125 | 0 | 0 | 0 | 0 | 1 | -8 | 9 |
| Interest | 49 | 86 | 112 | 159 | 223 | 191 | 6 | 7 | 1 | 7 | 13 | 26 | 29 |
| Depreciation | 24 | 33 | 35 | 48 | 57 | 94 | 16 | 16 | 19 | 20 | 20 | 29 | 33 |
| PBT | 123 | 107 | 122 | -110 | -284 | -808 | -24 | -25 | -43 | 17 | 35 | 132 | 181 |
| Tax % | 12% | 14% | 15% | 5% | -5% | -2% | 0% | 0% | 0% | -1% | 0% | 0% | — |
| Net Profit | 108 | 92 | 104 | -116 | -269 | -795 | -24 | -25 | -43 | 17 | 35 | 133 | 182 |
| EPS in Rs | 2.18 | 1.86 | 1.93 | -2.14 | -4.73 | -2.95 | -0.09 | -0.09 | -0.81 | 0.32 | 0.66 | 2.52 | 3.45 |
| Div. Payout % | 14% | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 37 | 37 | 54 | 54 | 57 | 270 | 270 | 270 | 53 | 53 | 53 | 53 |
| Reserves | 570 | 665 | 867 | 786 | 564 | 387 | -866 | -891 | -1,033 | -1,026 | -931 | -667 |
| Borrowings | 696 | 1,131 | 1,277 | 1,892 | 2,206 | 1,605 | 1,977 | 1,978 | 367 | 456 | 463 | 2,460 |
| Other Liabilities | 293 | 511 | 546 | 237 | 544 | 194 | 611 | 623 | 2,019 | 2,035 | 2,201 | 503 |
| Total Liabilities | 1,596 | 2,344 | 2,744 | 2,968 | 3,371 | 2,456 | 1,992 | 1,980 | 1,407 | 1,518 | 1,785 | 2,348 |
| Fixed Assets | 345 | 319 | 489 | 437 | 1,339 | 1,246 | 1,103 | 1,087 | 1,070 | 1,057 | 1,168 | 1,168 |
| CWIP | 208 | 387 | 442 | 679 | 125 | 128 | 188 | 188 | 188 | 198 | 112 | 133 |
| Investments | 17 | 17 | 17 | 17 | 17 | 17 | 12 | 12 | 0 | 0 | 3 | 3 |
| Other Assets | 1,025 | 1,622 | 1,795 | 1,835 | 1,889 | 1,065 | 689 | 692 | 149 | 263 | 503 | 1,043 |
| Total Assets | 1,596 | 2,344 | 2,744 | 2,968 | 3,371 | 2,456 | 1,992 | 1,980 | 1,407 | 1,518 | 1,785 | 2,348 |
Cash Flow
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -25 | -123 | 106 | -322 | -148 | -254 | 4 | 9 | -1,953 | 16 | 81 | -12 |
| Investing | -157 | -174 | -259 | -179 | -102 | 45 | 0 | -1 | 20 | -19 | -72 | -154 |
| Financing | 191 | 341 | 152 | 500 | 260 | 210 | -4 | -6 | 1,936 | 4 | -6 | 72 |
| Net Cash Flow | 9 | 44 | -1 | -1 | 10 | 1 | 0 | 2 | 3 | 1 | 3 | -94 |
| Free Cash Flow | -179 | -293 | -159 | -510 | -231 | -258 | 4 | 9 | -1,955 | -1 | 36 | -64 |
| CFO/OP | -13 | -56 | 47 | -261 | 1,382 | 39 | -172 | -323 | 8,260 | 37 | 120 | -6 |
Ratios
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 69 | 32 | 79 | 140 | 113 | — | — | 155 | 62 | 57 | 83 |
| Inventory Days | 147 | 171 | 182 | 181 | 153 | 127 | — | — | 1,487 | 176 | 81 | 79 |
| Days Payable | 58 | 89 | 18 | 25 | 77 | 13 | — | — | 627 | 151 | 78 | 88 |
| Cash Conversion Cycle | 130 | 150 | 196 | 234 | 216 | 228 | — | — | 1,016 | 87 | 60 | 73 |
| Working Capital Days | 42 | 41 | 44 | 97 | 50 | 42 | — | — | 2,264 | 59 | 9 | 68 |
| ROCE % | 15% | 12% | 12% | 3% | -2% | -29% | — | -1% | -11% | — | — | 24% |
Documents
Frequently Asked Questions about Diamond Power Infrastructure Ltd
What does Diamond Power Infrastructure Ltd do?
Where is Diamond Power Infrastructure Ltd (DIACABS) listed?
Which sector does Diamond Power Infrastructure Ltd belong to?
What is the market capitalisation of Diamond Power Infrastructure Ltd?
What is the PE ratio of Diamond Power Infrastructure Ltd?
What is the 52-week high and low of Diamond Power Infrastructure Ltd?
What is the Return on Equity (ROE) of Diamond Power Infrastructure Ltd?
How can I research Diamond Power Infrastructure Ltd on Tapetide?
Company Information
Diamond Power Infrastructure Limited is engaged in the business of manufacturing of Transmission & distribution of power products & services in India.[1]