DIL - Debock Industrie
Financial Performance
Revenue Growth by Segment
Total revenue decreased by 32.88% YoY, falling from INR 146.41 Cr in FY 2022-23 to INR 98.26 Cr in FY 2023-24. The agricultural equipment segment remains the primary driver, while the hospitality segment is seeing an upturn and mining is an emerging segment.
Geographic Revenue Split
Primarily concentrated in India, with a significant focus on Rajasthan, particularly the Deoli district, which hosts the company's hospitality operations (Hotel Deoli).
Profitability Margins
Net Profit Margin for FY 2023-24 was 8.21%, a decrease from 8.78% in FY 2022-23. Despite the revenue drop, margins were supported by an increase in the prices of final products.
EBITDA Margin
Not disclosed in available documents; however, Net Profit decreased by 37.28% YoY from INR 12.87 Cr to INR 8.07 Cr.
Capital Expenditure
Not disclosed in available documents, though the company maintains a fixed asset verification process on an annual basis.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company reported no outstanding defaults on loans or debt securities as of September 30, 2025.
Operational Drivers
Raw Materials
Steel and iron components (implied for agricultural machinery manufacturing) and hospitality-related supplies.
Import Sources
Not disclosed in available documents; procurement appears to be domestic.
Key Suppliers
Key suppliers include Impex Agrotech Limited (purchases of INR 2.66 Cr) and Impex Prime Engineering Works (purchases of INR 3.89 Cr).
Capacity Expansion
Not disclosed in available documents; current focus is on manufacturing agricultural equipment and expanding into the mining sector.
Raw Material Costs
Related party purchases from Impex Agrotech and Impex Prime Engineering totaled INR 6.55 Cr, representing approximately 6.6% of total revenue in FY 2023-24.
Strategic Growth
Expected Growth Rate
Not disclosed in available documents
Growth Strategy
DIL plans to achieve growth by expanding its manufacturing presence in the mining sector and capitalizing on the 'strong upturn' in the hospitality sector in Rajasthan. The company also aims to leverage significant nationwide demand for agricultural equipment like Tractor Trolleys and Threshers.
Products & Services
Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters, and hospitality services via Hotel Deoli.
Brand Portfolio
Hotel Deoli.
New Products/Services
Expansion into mining sector equipment and enhanced hospitality offerings in the Deoli district.
Market Expansion
Targeting the mining sector and expanding hospitality services in Rajasthan where high-class hotel options are limited.
External Factors
Industry Trends
The agricultural equipment industry is seeing significant demand for mechanization tools, while the hospitality sector is experiencing a post-pandemic recovery and upturn.
Competitive Landscape
Not disclosed in available documents; however, the company notes a lack of better hotel options in the Deoli district area.
Competitive Moat
The company's moat is based on its established brand in the Deoli hospitality market (Hotel Deoli) where competition is low, and its diversified manufacturing portfolio. This is sustainable as long as it maintains its 'ethical governance' legacy.
Macro Economic Sensitivity
Highly sensitive to government agricultural policies, rural demand, and tourism trends in Rajasthan.
Consumer Behavior
Increasing demand for specialized agricultural machinery and high-quality hospitality services in developing districts of Rajasthan.
Regulatory & Governance
Industry Regulations
Subject to the Companies Act 2013, SEBI Listing Regulations 2015, and government policies regarding agricultural manufacturing and mining.
Legal Contingencies
Not disclosed in available documents; however, the company maintains a system for monthly legal and statutory compliance monitoring.
Risk Analysis
Key Uncertainties
Regulatory bottlenecks and retrospective policy changes are identified as primary threats that could impact profitability and sector attractiveness.
Geographic Concentration Risk
Significant concentration in Rajasthan, particularly for the hospitality segment in the Deoli district.
Third Party Dependencies
43.7% of revenue is dependent on two major clients (Torrex Ventures and Debock Ventures).
Technology Obsolescence Risk
Not disclosed in available documents; the company has not invested in R&D recently.
Credit & Counterparty Risk
Not disclosed in available documents; however, the company conducts regular transaction audits to ensure financial accuracy.