D-Link (India) Ltd. (IN:DLINKINDIA)
:DLINKINDIA
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D-Link (India) Ltd.
(DLINKINDIA)
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Rating:74Outperform
Price Target:
₹531.00
▲(23.37% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by solid underlying financial stability (very low debt) and steady growth, but is held back by FY2026 margin compression and a significant drop in operating/free cash flow. Technicals are constructive with an uptrend and positive momentum, while valuation is supported by a reasonable P/E and a high dividend yield.
Positive Factors
Consistent revenue growth
Multi-year revenue expansion demonstrates durable demand for D-Link India’s networking products and successful market penetration across consumer and enterprise channels. Sustained top-line growth supports scale benefits, supply-chain leverage and the potential to fund product development or channel expansion over the next several quarters.
Negative Factors
Declining operating cash flow trend
Although free cash flow grew year-on-year, a sustained decline in operating cash flow could indicate weakening core cash conversion from sales or rising working capital needs. If the trend continues, it may constrain capital allocation to growth projects, dividends, or inventory funding over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Multi-year revenue expansion demonstrates durable demand for D-Link India’s networking products and successful market penetration across consumer and enterprise channels. Sustained top-line growth supports scale benefits, supply-chain leverage and the potential to fund product development or channel expansion over the next several quarters.
Read all positive factors
D-Link (India) Ltd. (DLINKINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.36B
Dividend Yield5.12%
Average Volume (3M)3.45K
Price to Earnings (P/E)12.9
Beta (1Y)1.37
Revenue Growth13.14%
EPS Growth-0.22%
CountryIN
Employees249
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)29.22
Shares Outstanding35,504,850
10 Day Avg. Volume3,671
30 Day Avg. Volume3,452
Financial Highlights & Ratios
PEG Ratio-63.09
Price to Book (P/B)2.65
Price to Sales (P/S)0.86
P/FCF Ratio89.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
D-Link (India) Ltd. Business Overview & Revenue Model
Company Description
D-Link (India) Limited markets and distributes D-Link branded networking products for consumers, small businesses, medium to large-sized enterprises, and service providers in India. The company offers home networking products, such as Wi-Fi system...
How the Company Makes Money
D-Link (India) Ltd. primarily makes money by selling networking and connectivity products in India. Revenue is largely generated from the sale of hardware units (product sales), typically recognized when products are delivered to distributors/part...
D-Link (India) Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.28B | 15.66B | 13.84B | 12.35B | 11.81B | 9.18B |
| Gross Profit | 2.24B | 1.77B | 2.19B | 1.50B | 1.97B | 1.18B |
| EBITDA | 1.48B | 1.32B | 1.47B | 1.31B | 1.22B | 625.94M |
| Net Income | 1.04B | 1.04B | 1.04B | 926.30M | 863.61M | 422.88M |
Balance Sheet | ||||||
| Total Assets | 7.69B | 8.11B | 7.48B | 6.95B | 6.29B | 5.13B |
| Cash, Cash Equivalents and Short-Term Investments | 2.52B | 2.02B | 2.49B | 2.20B | 1.31B | 1.35B |
| Total Debt | 111.13M | 148.05M | 41.90M | 76.73M | 100.78M | 35.72M |
| Total Liabilities | 2.97B | 3.06B | 2.73B | 2.60B | 2.51B | 2.10B |
| Stockholders Equity | 4.72B | 5.06B | 4.75B | 4.35B | 3.78B | 3.03B |
Cash Flow | ||||||
| Free Cash Flow | 415.46M | 150.00M | 897.14M | 1.20B | 50.22M | 323.51M |
| Operating Cash Flow | 425.18M | 168.04M | 899.63M | 1.21B | 58.93M | 334.93M |
| Investing Cash Flow | -88.03M | 626.75M | -59.26M | -667.25M | -50.32M | -185.32M |
| Financing Cash Flow | -568.59M | -801.00M | -707.58M | -414.01M | -154.46M | -112.39M |
D-Link (India) Ltd. Technical Analysis
Positive
430.40
Price Trends
431.44
Positive
419.50
Positive
441.58
Positive
Market Momentum
8.92
Positive
52.64
Neutral
5.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DLINKINDIA, the sentiment is Positive. The current price of 430.4 is below the 20-day moving average (MA) of 462.60, below the 50-day MA of 431.44, and below the 200-day MA of 441.58, indicating a neutral trend. The MACD of 8.92 indicates Positive momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 5.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DLINKINDIA.
D-Link (India) Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹16.36B | 12.89 | ― | 5.12% | 13.14% | -0.22% | |
68 Neutral | ₹18.36B | 21.87 | ― | 0.42% | 19.12% | 24.14% | |
63 Neutral | ₹11.99B | 21.95 | ― | 0.55% | 22.52% | 16.07% | |
62 Neutral | ₹3.49B | 29.21 | ― | 0.63% | 24.56% | -17.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ₹8.04B | 9.73 | ― | ― | 12.28% | 4.28% | |
49 Neutral | ₹15.22B | 263.59 | ― | 0.13% | 0.57% | -65.09% |
* Technology Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.