Disa India - Disa India

📊 BSE: 500068 🏢 Industrial Products 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew 18.8% YoY to INR 390.34 Cr (INR 3,903.4 Million). The standalone segment contributed INR 381.11 Cr, while the wholly-owned subsidiary, Bhadra Castalloy, contributed INR 9.23 Cr (INR 92.3 Million) before its operations were closed in February 2025.

Geographic Revenue Split

Not disclosed in available documents; however, the company monitors indirect impacts from global markets including Russia and Belarus, while focusing on the domestic Indian foundry market.

Profitability Margins

Standalone Net Profit Margin improved from 13.0% to 14.1%. Consolidated Net Profit Margin slightly decreased from 13.1% to 13.0% due to losses in the subsidiary. Standalone Return on Net Worth increased from 17.4% to 18.9%.

EBITDA Margin

Consolidated EBITDA margin stood at 15.4%, a slight increase from 15.3% in the previous year. Standalone EBITDA margin improved from 15.1% to 15.4%, driven by increased volume in OEM sales.

Capital Expenditure

The company repaid an intercompany demand loan of INR 1.75 Cr (INR 17.5 Million) in FY 2024-25 which was originally used for foundry acquisition. Specific planned CAPEX for FY26 is not disclosed.

Credit Rating & Borrowing

The company maintains a Debt-Equity ratio of 0.00, indicating it is debt-free. Interest Coverage Ratio is robust at 32.8x (Consolidated) and 34.6x (Standalone).

⚙️ Operational Drivers

Raw Materials

Foundry raw materials and components for machinery manufacturing; specific material names like steel or pig iron are not explicitly listed with percentage breakdowns in the provided text.

Import Sources

Denmark (via DISA Industries A/S) and other global Norican Group locations.

Key Suppliers

DISA Industries A/S (Denmark), DISA Technologies Pvt Ltd, and other Norican Group entities.

Capacity Expansion

Not disclosed in available documents; however, the company closed its subsidiary Bhadra Castalloy's operations on February 28, 2025, as it was no longer aligned with core business operations.

Raw Material Costs

Not disclosed as a specific percentage of revenue; however, the company reported 'Import of Materials' transactions with related parties, including INR 0.289 Cr in royalty payments to the Danish parent.

Manufacturing Efficiency

Capacity utilization metrics are not disclosed, but the increase in profit margin was specifically attributed to higher volumes of OEM sales.

📈 Strategic Growth

Expected Growth Rate

6.3-6.5%

Growth Strategy

The company plans to achieve growth by enhancing customer engagement in both OEM and aftermarket sectors. It leverages its position as a leader in the Indian foundry industry to expand its influence globally, supported by stable demand from the domestic automotive and infrastructure sectors.

Products & Services

Foundry machinery, molding equipment, shot blasting solutions, and aftermarket services for the automotive and infrastructure industries.

Brand Portfolio

DISA, Norican Group, Wheelabrator, StrikaWestofen, Monitizer, Simpson.

Market Expansion

Expansion of influence across the global market while maintaining a solid foundation in the Indian domestic market.

Market Share & Ranking

Positioned as a leader in the Indian foundry industry; specific percentage market share not disclosed.

Strategic Alliances

Wholly-owned subsidiary Bhadra Castalloy Private Limited (operations closed Feb 2025). Significant ongoing transactions with DISA Industries A/S and DISA Technologies Pvt Ltd.

🌍 External Factors

Industry Trends

The foundry industry is currently stable due to automotive and infrastructure demand. Future trends involve a shift toward more agile and strategic responses to global scenario changes and a focus on OEM volume growth.

Competitive Landscape

Operates in the capital goods/foundry equipment sector; key competitors are not named, but the company identifies itself as a market leader.

Competitive Moat

Durable advantage through its association with the global Norican Group and an 'unmatched supply chain advantage' in India. This is sustainable due to the high technical complexity of foundry machinery and strong OEM relationships.

Macro Economic Sensitivity

Highly sensitive to GDP growth (projected at 6.3-6.5%) and industrial production indices (IIP/PMI).

Consumer Behavior

Shift toward higher demand for OEM-integrated solutions and responsive aftermarket support.

Geopolitical Risks

No direct exposure to Russia or Belarus, but the company monitors indirect impacts on global supply chains and market sentiments.

⚖️ Regulatory & Governance

Industry Regulations

Compliant with the Companies Act 2013, SEBI (LODR) Regulations, and applicable Labour and Environmental laws. No frauds reported by auditors.

Environmental Compliance

Secretarial audit confirms adequate systems and processes to monitor and ensure compliance with environmental laws.

Taxation Policy Impact

Consolidated provision for taxation was INR -0.18 Cr (INR -1.8 Million) on a loss-making subsidiary; standalone tax details not fully specified.

Legal Contingencies

No pending proceedings under the Insolvency and Bankruptcy Code, 2016. No one-time settlements for loans. Secretarial audit noted only 'certain nonmaterial findings'.