DOMS Industries Ltd
DOMS Industries Ltd
Consumer GoodsKey Fundamentals
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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39 extracted metrics + investor summaries across FY20–FY26.
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Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company has delivered good profit growth of 90.8% CAGR over last 5 years
Weaknesses
2- Stock is trading at 11.2 times its book value
- Promoter holding has decreased over last quarter: -7.00%
Growth Rate
AI Analysis — Bull vs Bear
DOMS Industries Ltd is a mid-cap stationery and art products company with a market cap of approximately ₹13,612 crore, trading at a PE of 60.6x. The company delivered 24.4% revenue growth in FY25 to ₹1,912.6 crore and 33.7% PAT growth to ₹213.5 crore, but its stock has declined 7% over the past year while the promoter group (FILA) reduced its stake by 7% in recent quarters.
- Strong revenue growth — FY25 consolidated revenue grew 24.4% YoY to ₹1,912.6 crore, with TTM sales growth at 20%
- Robust profit compounding — 5-year profit CAGR of 90.8%, with FY25 PAT up 33.7% to ₹213.5 crore
- Healthy return ratios — 3-year average ROE of 23% and ROCE of 24.3%, indicating efficient capital deployment
- Market leadership — holds ~29-30% market share in pencils and mathematical instrument boxes in India with 4,600+ SKUs across 8 product categories
- Improving gross margins — FY25 gross profit margin expanded to 43.5% from 41.9% in FY24, reflecting pricing power and product mix improvement
- Debt reduction — company has reduced debt on its balance sheet, improving financial flexibility
- Wide distribution reach — PAN India presence across 28 states and 8 UTs with exports to 55+ countries
- Consistent quarterly performance — Q2 FY26 PAT grew 13.4% YoY to ₹60.9 crore, demonstrating sustained execution
- Expensive valuation — stock trades at 60.6x PE and 11.2x price-to-book, leaving limited margin of safety
- Promoter stake reduction — FILA Group sold 7% stake worth ₹934 crore via open market transactions, reducing promoter holding significantly
- Profit growth deceleration — TTM profit growth has slowed to just 5% compared to the 5-year CAGR of 91%, suggesting normalization
- Negative stock returns — share price has declined 7% over the past year despite broader market gains, indicating sentiment weakness
- Low dividend yield of 0.14%, offering negligible income return to shareholders at current price levels
- Rising cost pressures — Q1 FY27 profit dropped 23% YoY due to higher raw material costs and operating expenses, highlighting input cost vulnerability
- Limited operating history as a listed entity — IPO in December 2023 means only ~2.5 years of public market track record
- Concentration risk — core revenue remains dependent on the Indian stationery and scholastic products segment, which is seasonal and competitive
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Net profit drops 23% in Q1 Aug 3
DOMS Industries Q1FY27 net profit fell 23% YoY to ₹45.3 crore despite strong revenue growth, indicating margin pressure possibly from the Reynolds acquisition costs.
- Revenue up 19% YoY in Q1 Aug 3
Consolidated revenue rose 19% YoY to ₹670.5 crore in Q1FY27, showing strong topline momentum in the FMCG/stationery segment.
- Reynolds Pens acquisition completed Aug 3
DOMS completed the ₹350 crore acquisition of Reynolds Pens assets, expanding its brand portfolio and market reach in the writing instruments category.
- 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.
- Q1FY27 results conference call held Aug 4
DOMS hosted its investor conference call on August 4, 2026 at 12:00 PM IST to discuss unaudited Q1FY27 financial results for the quarter ended June 30, 2026.
TL;DR: DOMS Industries is delivering strong topline growth at 19% YoY driven by organic momentum and the Reynolds Pens acquisition, but profitability is under pressure with a 23% decline in net profit. The ₹350 crore Reynolds deal expands market presence but is weighing on near-term margins. The key monitorable is whether integration synergies and operating leverage can restore profit growth over the next 2-3 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 | 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 | 351 |
| Total Liabilities | 400 | 421 | 497 | 640 | 1,190 | 1,511 | 1,712 |
| 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 | 756 |
| Total Assets | 400 | 421 | 497 | 640 | 1,190 | 1,511 | 1,712 |
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 | -26 | -38 |
| CFO/OP | 70 | 42 | 78 | 111 | 91 | 74 | 63 |
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% |
Documents
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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]