D.K. Enterprises Global Limited

Sector n/a · NSE

₹78.00₹0.00 (0.00%)

DalalBaazaar Score

55 / 100

🟡 Moderate

Verdict

NEUTRAL

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity.

In simple words: Strong business and financial position, with modest growth. Nothing on this snapshot stands out as an immediate concern — the usual checks on business quality and management still apply.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:03 pm

Understanding the Business

The 60-second version of D.K. Enterprises Global Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

How does it make money?

Turns over ₹169 Cr a year. Of every ₹100 of sales, about ₹3 reaches shareholders as profit, with ₹6 left at the operating level before interest, tax and depreciation.

What is its competitive advantage?The numbers suggest a real one

ROCE has stayed above 15% in every year available and stands at 21.0%. Returns that high normally get competed away; when they persist, something is protecting them. What that something is — brand, scale, switching costs, regulation — the accounts cannot tell you.

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +22% while net margin moved +9% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+22%

Margin effect+9%

DalalBaazaar Score

55/ 100

Moderate

Weighted across six categories. Every point is explained below.

✓ ROCE of 21.0% is above 20% — the business earns a high return on the capital it employs
✗ ROCE has fallen by 3.6 points — returns are eroding
✗ EBITDA margin of 6.4% is thin — little cushion if costs rise
✗ Net margin of 3.4% is slim
• Revenue has compounded at 6.9% a year, which is the base these returns are earned on

Quality vs. Valuation

Company Quality

56/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

88/ 100

Cheap

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

No P/E available

EV/EBITDA

6.6x

PEG

—

What's Good / What's Bad

🟢 What's Going Well2

High return on capital employed
ROCE of 21.0% is the mark of a business that converts capital into profit efficiently.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention1

Return on capital is falling
ROCE has declined from 24.6% to 21.0% — often a sign of competition or overexpansion.

Red Flags

3 items require attention · 2 high · 1 watch

🔴Debt has risen sharplyFinancial
Total debt is up 121% over 3 years, from ₹9 Cr to ₹20 Cr.
🔴Inventory building faster than salesFinancial
Inventory up 88% against revenue up 22% — stock may not be moving.
🟡Receivables growing faster than salesFinancial
Receivables up 46% against revenue up 22% — sales are being booked faster than they are collected.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Capital compounds at a high rate
ROCE of 21.0% means each rupee reinvested earns well above what capital costs. If the company can keep deploying at this rate, growth creates value rather than just consuming cash.
Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Sales are being booked faster than collected
Receivables are up 46% against revenue up 22%. If customers keep taking longer to pay, reported profit will not turn into cash — and write-offs follow if some never do.
Growth barely outpaces inflation
Revenue compounding at 6.9% a year is close to the rate prices rise, so the business is gaining little ground in real terms. That leaves the share price dependent on a re-rating rather than on earnings growth.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
2 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 4%✓ 6.4%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Revenue growth stays above 5% a year✓ 6.9% CAGR
Latest reported year was 9.1%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
3Free cash flow remains positive✓ ₹3 Cr
Profit that never becomes cash eventually stops being profit.
4Debt / EBITDA stays below 2x✓ 1.8x
The ratio lenders write covenants against; it survives a small or negative equity base, unlike Debt/Equity.
5ROCE stays above 18%✓ 21.0%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

8 / 9 checks passed

✓ Strong return on equity (ROE ≥ 15%)
✓ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

3 good · 8 neutral · 0 weak

Market Cap

₹59 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not available

No data

Source didn't return this field

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

Not available

No data

Source didn't return this field

ROE

17.8%

Strong

Strong capital efficiency

ROCE

21.0%

Strong

Earns comfortably above its likely cost of capital

Debt/Equity

0.62x

Moderate

Moderate leverage

Revenue Growth (YoY)

9.1%

Modest

Modest growth

Profit Growth (YoY)

0.5%

Modest

Slow profit growth

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹3 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Gross Margin

15.0%

Proxy

Operating margin unavailable — showing gross margin instead

Net Margin

3.4%

Average

Average bottom-line conversion

Current Ratio

1.32

Comfortable

Healthy short-term liquidity

Technical Snapshot

SMA 20 / SMA 50

69.8 / 68.4

Bullish alignment (short > long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

0.0

Oversold zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹138 Cr	₹143 Cr	₹155 Cr	₹169 Cr	+6.9%
EBITDA	₹8 Cr	₹9 Cr	₹11 Cr	₹11 Cr	+12.1%
EBITDA Margin	5.5%	6.2%	6.8%	6.4%	—
PAT (Net Profit)	₹4 Cr	₹5 Cr	₹6 Cr	₹6 Cr	+9.8%
EPS	₹5.73	₹6.19	₹7.56	—	—
ROE	19.7%	18.7%	20.0%	17.8%	—
ROCE	24.6%	26.4%	27.8%	21.0%	—
Total Debt	₹9 Cr	₹9 Cr	₹10 Cr	₹20 Cr	+30.2%
Free Cash Flow	₹3 Cr	₹0 Cr	₹3 Cr	₹3 Cr	-3.7%

🟢 Revenue has grown at 6.9% a year over 3 years.

🟢 EBITDA has grown at 12.1% a year over 3 years.

🟡 EBITDA Margin has held roughly flat at 6.4% over 3 years.

🟢 PAT (Net Profit) has grown at 9.8% a year over 3 years.

🔴 ROE has fallen from 19.7% to 17.8% over 3 years (-1.9 pts).

🔴 ROCE has fallen from 24.6% to 21.0% over 3 years (-3.6 pts).

🔴 Total Debt has grown at 30.2% a year over 3 years.

🔴 Free Cash Flow has shrunk at 3.7% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹80 Cr

Total Liabilities

₹46 Cr

Cash & Equivalents

₹7 Cr

Operating Cash Flow

₹5 Cr

Capex

-₹3 Cr

Recent News

6 general

D.K. Enterprises Global Ltd. Share Price Live Today

CNBC TV18, 30 Sept

DK Enterprises Global Ltd. Peer Comparison – Compare with Others

Value Research, 30 Aug

EMMBI INDUSTRIES Stock/Share price , NSE/BSE Forecast News and Live Quotes

Equitymaster, 15 Oct

Bonus issues, stock splits and dividends: 10 stocks turning ex-record date this week. Do you own any?

The Economic Times, 04 Oct

Trade Setup for Today: Wall Street Gains and Soft Crude Set Stage for Firm Opening as of October 12, 2026

scanx.trade, 12 Oct

D K ENTERPRISES GLOBAL L Share Price

Upstox, 24 Jul

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
Sector/industry classification unavailable — verify manually for peer comparison.
3 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.
RSI is in oversold territory — could mean either a bargain or a stock still falling for good reason. Check the 'why' before assuming reversal.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingBusiness Quality · Growth · Profitability · Valuation · Risk

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 2 high-severity red flags sit above this conclusion and should be read first.

All 5 tripwires holding · see Key things to watch ↑