De Nora India logo

De Nora India share price

NSE: DENORABSE: 590031Industrial ProductsSmall Cap

Formerly Titanor Components
Last close ₹699.60up ₹21.05 (3.10%)BSE ₹706.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹678.55.

52-week range of traded prices to 23 Oct 2026
₹559.00Low, 1 Feb 2026₹960.35High, 24 Jun 2026
Market cap
₹371 Cr2,011th largest listed
P/E
30.5
P/B
2.9
Dividend yield
0.57%
ROE
9.8%
ROCE
6.0%
Debt to equity
0.00
Volume, NSE
7,73665.5% delivered

Share price

Daily closes since Jan 2007, adjusted for splits and bonuses

−13.1%over a year · Nifty 500 −9.8%

Results20-session average 6,507 shares a day, 66.9% delivered

Results

Standalone; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 30 Jul

Revenue
₹35 Crup 60.55%
Net profit
₹6.39 CrQuarter to Mar 2026: −₹0.64 Cr
Net margin
18.1%

Revenue by year

Peak revenue ₹122 Cr, year to Mar 2026

Net profit by year, a loss in red

₹ croreSep 2024Filed 7 NovDec 2024Filed 30 JanMar 2025Filed 10 JunJun 2025Filed 30 JulSep 2025Filed 5 NovDec 2025Filed 3 FebMar 2026Filed 4 MayJun 2026Filed 30 Jul
Revenue18.117.620.142.021.835.822.035.3
Net profit3.3−7.83.33.23.92.6−0.66.4
Net margin18.1%−44.5%16.6%7.7%17.7%7.2%−2.9%18.1%
Standalone. The last eight quarters. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, Electrode Technologies, which carries all its revenue.

Valuation

Today, against the company's own history.PE ratio and valuation history

Price to earnings

At or below today's level on 28% of 2,403 trading days since Feb 2017.

LowestHighest
Its median39.7Industry median29.5
Price to book

At or below today's level on 38% of 1,978 trading days since Oct 2018.

LowestHighest
Its median3.3Industry median2.0
EV to EBITDA35.4

At or below today's level on 67% of 1,048 trading days over the last 5 years.

LowestHighest
Its median29.6Industry median16.3
Dividend yield

At or below today's level on 84% of 2,463 trading days over the last 10 years.

LowestHighest
Its median0.14%Industry median0.72%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−0.1%+434.8%−81.4%0.6%
3 years−6.9%−23.6%+21.4%0.2%
5 years+22.3%+9.9%+11.1%0.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters53.68%
  • Foreign institutions0.89%
  • Indian institutions0.22%
  • Individuals and others45.21%
Holder
Oronzio De Nora International B.V.Promoter53.68%
BHARAT AJAY KAPADIAResident individuals, over ₹2 lakh at face value1.41%
LALAN AJAY KAPADIAResident individuals, over ₹2 lakh at face value1.41%
MANI NATH BHUSHANResident individuals, over ₹2 lakh at face value1.40%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund1.38%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

Peers and competitors

Electrodes & Refractories, 14 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to De Nora India in market cap. 1 company in the table last traded before then: its row is priced on its last trade.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Monolithisch India logoMonolithisch IndiaMONOLITH2,558111.119.6–––17.6%–0.00%
IFGL Refractories logoIFGL RefractoriesIFGLEXPOR1,14127.91.09.4+15.4%+40.5%3.6%4.6%1.36%
Foseco Crucible (India) logoFoseco Crucible (India)FOSECOC97341.96.917.0+2.4%−8.6%17.1%31.0%0.72%
Orient Ceratech Ltd-$ logoOrient Ceratech Ltd-$ORIENTCER46417.81.59.9+24.0%+130.8%8.9%9.4%0.90%
Panasonic Carbon India Co.Ltd logoPanasonic Carbon India Co.LtdPANCARBON1829.51.011.5−9.3%−9.2%10.7%8.0%3.16%
Royal Arc Electrodes logoRoyal Arc ElectrodesROYALARC16516.42.0–+14.0%+11.5%13.1%–0.67%
Refractory Shapes logoRefractory ShapesREFRACTORY8517.71.7–−2.9%−24.3%10.0%–0.00%
Nilachal Refractories logoNilachal RefractoriesNILACHAL77–––+40.3%––−41.7%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹4.00 a share, year to Mar 2026.
Ex-dateTypePer share
16 Sep 2026Final₹4.00
17 Sep 2024Final₹2.00
5 Sep 2023Final₹2.00
20 Sep 2022Final₹1.00
15 Sep 2021Final₹1.00
18 Sep 2018Final₹1.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

De Nora India share price by year

Each calendar year to 2025.De Nora India share price history

YearClose at year endChangeHighest closeLowest close
2025686.10−41.1%1,250.05676.40
20241,165.10−24.1%1,954.351,155.55
20231,534.60+136.1%2,256.15661.05
2022649.95+39.7%926.55369.90
2021465.40+95.1%521.65236.90
2020238.55+2.2%253.35119.25
2019233.45−10.6%319.15194.30
2018261.00−9.5%603.40225.25
2017288.35+21.1%324.60219.15
2016238.05−36.3%447.30205.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026676.10728.00666.00699.60694.367,73665.5%
22 Oct 2026685.75699.90675.55678.55682.452,35353.2%
21 Oct 2026710.40730.05664.00695.65682.258,35059.9%
19 Oct 2026707.65715.85700.00710.40710.313,19473.4%
16 Oct 2026699.35708.95696.00698.75700.391,78669.9%
15 Oct 2026709.30716.90695.00697.10706.503,46960.6%
14 Oct 2026720.45720.45690.00700.10700.6713,24776.9%
13 Oct 2026698.35716.00690.00700.10701.394,28658.1%
12 Oct 2026705.90715.35699.10703.45703.585,61980.8%
9 Oct 2026709.50720.40702.85706.00708.924,02874.6%
Prices in ₹ per share as traded, not adjusted.

Company details

Legal name
De Nora India Limited
NSE symbol
DENORA
BSE code
590031
ISIN
INE244A01016
Industry
Industrial Products
Listed
Aug 1997 on NSE, Oct 2004 on BSE
Face value
₹10
Former symbols
TITANOCOMP
CIN
L31200GA1993PLC001335
Corporate identity number, the registrar of companies' code for it