DOMS Industries Ltd
DOMS Industries Ltd
Consumer GoodsKey Fundamentals
MicrocapStationaryConsumer GoodsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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39 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company has delivered good profit growth of 90.7% CAGR over last 5 years
Weaknesses
2- Stock is trading at 11.0 times its book value
- Promoter holding has decreased over last quarter: -7.00%
Growth Rate
AI Analysis — Bull vs Bear
DOMS Industries is a mid-cap consumer goods company with a market cap of ₹13,665 crore, trading at a PE of 60.2x and 11.2x book value. The company delivered 24.4% consolidated revenue growth in FY25 to ₹1,913 crore with net profit of ₹213.5 crore (up 33.7% YoY), though recent promoter stake sale by FILA Group (-7%) and rich valuations remain key considerations.
- Strong revenue growth trajectory — FY25 consolidated revenue grew 24.4% YoY to ₹1,913 crore, with 5-year sales CAGR of 42%
- Exceptional long-term profit growth — 5-year compounded profit CAGR of 91%, demonstrating operating leverage as the business scales
- Improving gross margins — FY25 gross profit margin expanded to 43.5% from 41.9% in FY24, indicating pricing power and product mix improvement
- Consistent ROE of 21-23% over 3-5 years reflects efficient capital allocation relative to the consumer goods sector
- Diversification into adjacent categories through Uniclan Healthcare acquisition (51.77% stake) — entry into the baby hygiene segment expands addressable market
- Company has reduced debt with a debt-to-equity ratio of approximately 13.6%, providing balance sheet flexibility for future growth investments
- FY26 continued momentum with full-year revenue of ₹2,326 crore (21.6% YoY growth) and EBITDA margin of 17.3%, confirming sustained double-digit growth guidance
- Expensive valuation at PE of 60.2x and price-to-book of 11.2x leaves limited margin of safety if growth decelerates
- Promoter FILA Group sold 7% stake for ₹934 crore via block deal, reducing combined promoter holding to 63.4% from 70.4% — signals possible reduced commitment
- TTM profit growth has decelerated sharply to just 5% versus the 3-year CAGR of 34%, suggesting margin headwinds or one-time costs
- Net profit margin remains modest at approximately 9.3-9.4% in Q4 FY25, limiting earnings upside if revenue growth slows
- Uniclan acquisition introduces amortisation impact estimated to cut earnings by 9-10%, diluting near-term profitability
- Dividend yield of just 0.14% offers negligible income return, making the stock entirely dependent on capital appreciation
- Stock has delivered negative 1-year return of -6%, underperforming broader markets despite strong operational results — indicating valuation compression risk
- Competitive intensity in organized stationery from ITC, Faber-Castell, and private labels could pressure market share gains at current premium pricing
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 net profit falls 23% Aug 3
Net profit declined 23% YoY to ₹45.3 crore in Q1FY27 despite revenue growth, indicating margin pressure possibly from the Reynolds integration.
- Revenue up 19% YoY in Q1 Aug 3
Consolidated revenue grew 19% YoY to ₹670.5 crore in Q1FY27, reflecting strong topline momentum and contribution from the ₹350 crore Reynolds Pens acquisition.
- GST penalty of ₹17.76L set aside Jul 23
Appellate authority set aside a GST penalty of ₹17.76 lakh and directed a refund with interest, removing a minor regulatory overhang.
- Reynolds Pens acquisition completed Aug 3
DOMS completed the ₹350 crore acquisition of Reynolds Pens assets, expanding its writing instruments portfolio and distribution reach.
- AGM on Sept 3 via VC Aug 13
20th AGM scheduled for September 3, 2026 via video conferencing. Remote e-voting window is August 31 to September 2.
- FY26 dividend record date Aug 27 Aug 11
Record date for final dividend eligibility for FY25-26 fixed at August 27, 2026.
- Q1FY27 investor conference call held Aug 4
Investor conference call discussing Q1FY27 unaudited results for quarter ended June 30, 2026 was held on August 4.
TL;DR: DOMS is delivering strong revenue growth at 19% YoY driven by organic momentum and the Reynolds Pens acquisition, but profitability is under pressure with net profit down 23% as integration costs weigh on margins. The Reynolds deal strengthens its market position in writing instruments. Key risk is whether margin recovery materializes in coming quarters as integration synergies kick in.
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 | 379 | 382 | 372 | 404 | 445 | 458 | 501 | 509 | 562 | 568 | 592 | 604 | 671 |
| Expenses | 317 | 317 | 302 | 328 | 359 | 372 | 413 | 420 | 464 | 468 | 489 | 503 | 588 |
| Operating Profit | 62 | 65 | 69 | 76 | 86 | 86 | 88 | 88 | 99 | 100 | 103 | 101 | 83 |
| OPM % | 16% | 17% | 19% | 19% | 19% | 19% | 18% | 17% | 18% | 18% | 17% | 17% | 12% |
| Other Income | 1 | 1 | 2 | 6 | 6 | 6 | 6 | 5 | 4 | 6 | 4 | 4 | 4 |
| Interest | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 2 | 2 | 3 | 2 |
| Depreciation | 11 | 12 | 14 | 14 | 15 | 16 | 18 | 21 | 20 | 22 | 22 | 23 | 23 |
| PBT | 49 | 50 | 52 | 63 | 73 | 72 | 73 | 69 | 79 | 82 | 82 | 79 | 61 |
| Tax % | 25% | 25% | 26% | 25% | 26% | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 26% |
| Net Profit | 36 | 38 | 39 | 47 | 54 | 54 | 54 | 51 | 59 | 61 | 61 | 58 | 45 |
| EPS in Rs | 929 | 6.4 | 6.15 | 7.44 | 8.54 | 8.46 | 8.36 | 7.98 | 9.44 | 9.6 | 9.54 | 9.35 | 7.33 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 654 | 405 | 684 | 1,212 | 1,537 | 1,913 | 2,326 | 2,435 |
| Expenses | 578 | 380 | 614 | 1,025 | 1,264 | 1,564 | 1,924 | 2,048 |
| Operating Profit | 76 | 25 | 70 | 187 | 273 | 349 | 403 | 386 |
| OPM % | 12% | 6% | 10% | 15% | 18% | 18% | 17% | 16% |
| Other Income | 1 | 5 | 3 | 5 | 10 | 22 | 19 | 18 |
| Interest | 4 | 7 | 10 | 12 | 17 | 15 | 11 | 9 |
| Depreciation | 25 | 28 | 38 | 41 | 51 | 69 | 88 | 91 |
| PBT | 48 | -5 | 24 | 139 | 214 | 287 | 322 | 304 |
| Tax % | 21% | -17% | 29% | 26% | 26% | 26% | 26% | — |
| Net Profit | 38 | -4 | 17 | 103 | 160 | 214 | 240 | 226 |
| EPS in Rs | 968 | -184 | 386 | 2,572 | 25.23 | 33.34 | 37.93 | 35.82 |
| Div. Payout % | 0% | 0% | 39% | 10% | 10% | 9% | 10% | — |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.37 | 0.37 | 0.37 | 0.37 | 61 | 61 | 61 |
| Reserves | 240 | 234 | 247 | 337 | 754 | 942 | 1,159 |
| Borrowings | 58 | 97 | 123 | 140 | 172 | 212 | 141 |
| Other Liabilities | 101 | 90 | 127 | 163 | 204 | 297 | 342 |
| Total Liabilities | 400 | 421 | 497 | 640 | 1,190 | 1,511 | 1,702 |
| Fixed Assets | 196 | 191 | 227 | 320 | 498 | 690 | 793 |
| CWIP | 1 | 3 | 4 | 7 | 25 | 60 | 162 |
| Investments | 0 | 0 | 0 | 2 | 1 | 1 | 2 |
| Other Assets | 203 | 228 | 267 | 311 | 665 | 759 | 746 |
| Total Assets | 400 | 421 | 497 | 640 | 1,190 | 1,511 | 1,702 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | 37 | 8 | 51 | 173 | 183 | 183 | 254 |
| Investing | -55 | -16 | -34 | -136 | -458 | -140 | -149 |
| Financing | 17 | 32 | -31 | -12 | 297 | -40 | -113 |
| Net Cash Flow | -1 | 24 | -13 | 25 | 22 | 4 | -7 |
| Free Cash Flow | -19 | -8 | 16 | 38 | 29 | -30 | -38 |
| CFO/OP | 70 | 42 | 78 | 111 | 91 | 74 | 84 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 38 | 26 | 11 | 15 | 26 | 26 |
| Inventory Days | 120 | 179 | 134 | 88 | 92 | 99 | 105 |
| Days Payable | 62 | 78 | 69 | 42 | 37 | 37 | 35 |
| Cash Conversion Cycle | 78 | 139 | 92 | 57 | 70 | 88 | 96 |
| Working Capital Days | 22 | 10 | 16 | 2 | 25 | 39 | 44 |
| ROCE % | — | 0% | 10% | 34% | 31% | 26% | 24% |
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Company Information
Incorporated in 2006, DOMS Industries Limited is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS.[1]