D-Link (India) Ltd. (DLINKINDIA) AI Stock Analysis

• Market Cap: ₹16.95B
• Dividend Yield: 4.19%
• Average Volume (3M): 7.46K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 1.62
• Revenue Growth: 8.30%
• EPS Growth: 10.23%
• Country: IN
• Employees: 249
• Sector: Technology
• Sector Strength: 81
• Industry: Communication Equipment
• EPS (TTM): 6.87
• Shares Outstanding: 35,504,850
• 10 Day Avg. Volume: 6,802
• 30 Day Avg. Volume: 7,461
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹550.00
• Price Target Upside: 11.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ₹550.00 ▲(11.12% Upside)

D-Link (India) Ltd. demonstrates strong financial performance with consistent growth and low leverage risk, which is the most significant factor in its score. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. However, the technical analysis indicates mixed signals, with the stock showing potential bearish momentum. The absence of earnings call and corporate events data did not affect the score.

D-Link (India) Ltd. Business Overview & Revenue Model

Company Description

D-Link (India) Ltd. is a leading provider of networking and connectivity products and solutions. The company operates in the information technology sector and specializes in the manufacturing and distribution of a wide range of networking equipment. These include routers, switches, modems, and other wireless and wired networking devices. D-Link India serves a diverse clientele including individuals, small and medium-sized businesses, and large enterprises, providing them with innovative and reliable networking solutions.

How the Company Makes Money

D-Link (India) Ltd. generates revenue primarily through the sale of its networking and connectivity products. The company's key revenue streams are derived from the sales of routers, switches, and other networking devices. D-Link India also benefits from partnerships with various distributors and retailers, enabling them to reach a broader customer base across India. Additionally, the company leverages its brand reputation and technological expertise to offer value-added services and support, enhancing customer satisfaction and fostering long-term business relationships.

D-Link (India) Ltd. Financial Statement Overview

Summary

D-Link (India) Ltd. has shown strong financial performance with consistent revenue and profit growth. The company maintains a low debt-to-equity ratio, indicating minimal leverage risk, and a strong cash flow position. However, the high cash holdings suggest potential underutilization of resources, and the declining trend in operating cash flow needs monitoring.

Income Statement

D-Link (India) Ltd. has demonstrated strong revenue growth with a consistent upward trajectory from INR 7.26 billion in 2021 to INR 13.84 billion in 2025, reflecting robust market demand. The gross profit margin has been stable, averaging around 15.8% over the years, indicating effective cost management. The net profit margin has improved, reaching 7.5% in 2025, signifying enhanced operational efficiency. EBIT and EBITDA margins also show strength, contributing to a solid financial performance.

Balance Sheet

The company's financial position is strong, evidenced by a low debt-to-equity ratio of 0.01 in 2025, pointing to minimal leverage risk. The return on equity (ROE) stood at 21.9% in 2025, showcasing efficient use of equity capital to generate profits. An equity ratio of 63.6% indicates a healthy balance of debt and equity, providing financial stability. However, the relatively high cash holdings suggest potential underutilization of resources.

Cash Flow

D-Link (India) Ltd. has shown a strong cash flow position, with free cash flow growing by 78.3% from 2024 to 2025, indicating effective capital management. The operating cash flow to net income ratio of 0.86 in 2025 reflects efficient conversion of net income into cash, supporting liquidity. However, a declining trend in operating cash flow since 2024 could be a potential concern if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.84B	13.84B	12.35B	11.81B	9.18B	7.26B
Gross Profit	1.95B	2.19B	1.87B	1.97B	1.18B	1.22B
EBITDA	1.47B	1.47B	1.31B	1.22B	625.94M	486.31M
Net Income	1.04B	1.04B	926.30M	863.61M	422.88M	313.49M
Balance Sheet
Total Assets	7.48B	7.48B	6.95B	6.29B	5.13B	4.31B
Cash, Cash Equivalents and Short-Term Investments	2.49B	2.49B	2.20B	1.31B	1.35B	1.10B
Total Debt	41.90M	41.90M	76.73M	100.78M	35.72M	71.42M
Total Liabilities	2.73B	2.73B	2.60B	2.51B	2.10B	1.65B
Stockholders Equity	4.75B	4.75B	4.35B	3.78B	3.03B	2.66B
Cash Flow
Free Cash Flow	0.00	897.14M	1.20B	50.22M	323.51M	742.70M
Operating Cash Flow	0.00	899.63M	1.21B	58.93M	334.93M	745.97M
Investing Cash Flow	0.00	-59.26M	-667.25M	-50.32M	-185.32M	-582.26M
Financing Cash Flow	0.00	-707.58M	-414.01M	-154.46M	-112.39M	-83.63M

D-Link (India) Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 494.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DLINKINDIA, the sentiment is Neutral. The current price of 494.95 is above the 20-day moving average (MA) of 487.16, below the 50-day MA of 513.69, and above the 200-day MA of 486.12, indicating a neutral trend. The MACD of -7.70 indicates Negative momentum. The RSI at 50.97 is Neutral, neither overbought nor oversold. The STOCH value of 66.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DLINKINDIA.

D-Link (India) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLINKINDIA	72 Outperform	₹16.95B	16.14		4.19%	8.30%	10.23%
SAKSOFT	66 Neutral	₹27.95B	23.22		0.38%	19.50%	18.47%
IKIO	63 Neutral	₹15.96B	71.61		0.48%	4.89%	-62.30%
MOLDTECH	62 Neutral	₹4.82B	62.51		2.03%	-14.39%	-71.56%
Sector *	61 Neutral	$35.56B	9.00	-10.49%	1.86%	8.45%	-8.32%
KELLTONTEC	61 Neutral	₹12.46B	15.52		―	13.61%	18.86%
NELCO	48 Neutral	₹18.40B	272.00		0.12%	-3.17%	-69.93%

D-Link (India) Ltd. Corporate Events

D-Link (India) Announces AGM and E-Voting Details

D-Link (India) Limited has announced the publication of a newspaper advertisement regarding the Notice of Annual General Meeting and E-Voting Information. This announcement is part of the company’s compliance and communication strategy, ensuring stakeholders are informed about key corporate governance events.