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Indian power transmission/distribution equipment maker (conductors, cables, transformers), previously restructured through insolvency proceedings.
Indian power transmission/distribution equipment maker (conductors, cables, transformers), previously restructured through insolvency proceedings.
Moat: none. Historical insolvency and restructuring have weakened its competitive position versus larger, financially stronger peers.
Headquarters: Vadodara, India · Founded: 1970 · Employees: 1,454
Size Diamond Power Infrastructure (DIACABS.NS) is an India Industrials company (Electrical Products) with a market value of $2.34B, the 343rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹370.65 on 6 Nov 2026.
Performance Over six months the shares gained 118.2%, against -21.6% for the median peer and 0.0% for the India market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 109.3% over the last twelve months (peer median +25.0%); the operating margin is 10.3% (peer median 11.8%).
Valuation It trades at 55.3× forward earnings against a peer median of 23.7× (2nd most expensive of 15).
Capital Return on invested capital runs 6.6 points below its cost of capital (17.3% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹28.9B | ₹19.1B | ₹11.2B | ₹3.43B | ₹154M |
| Revenue growth | — | +71% | +225% | +2,126% | — |
| Gross profit | ₹4.65B | ₹2.44B | ₹811M | ₹426M | -₹315M |
| EBITDA | ₹3.39B | ₹2.25B | ₹668M | ₹427M | -₹236M |
| Net income | ₹2.77B | ₹1.58B | ₹345M | ₹170M | -₹429M |
| Free cash flow | n/a | -₹2.00B | -₹629M | ₹31.6M | ₹4.40B |
| Capital expenditure | n/a | ₹812M | ₹677M | ₹164M | ₹13.8M |
| Total debt | ₹19.8B | ₹25.4B | ₹4.63B | ₹4.56B | ₹3.67B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Diamond Power Infrastructure DIACABS.NS | $2.34B | +118% | +109% | 10% | 55.3× | n/a |
| KEI Industries KEI.NS | $4.03B | -22% | +25% | 10% | 33.9× | n/a |
| Kalpataru Projects International KPIL.NS | $2.48B | +6% | +15% | 6% | 18.6× | 14.9% |
| APAR Industries APARINDS.NS | $6.25B | +10% | +23% | 9% | 34.6× | n/a |
| Polycab India POLYCAB.NS | $12.5B | -13% | +41% | 13% | 33.8× | n/a |
| Universal Cables UNIVCABLES.NS | $402M | +2% | +34% | 7% | n/a | n/a |
| Transformers and Rectifiers (India) TARIL.NS | $974M | -7% | +27% | 15% | 26.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DIACABS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | -17.0% | 3rd highest of 21 |
| 6-month return | +118.2% | -21.6% | highest of 20 |
| Distance from 52-week high | -8.2% | -56.3% | highest of 21 |
| Revenue growth (TTM) | +109.3% | +25.0% | highest of 21 |
| Operating margin | 10.3% | 11.8% | 10th lowest of 21 |
| Forward P/E | 55.3× | 23.7× | 2nd most expensive of 15 |
| ROIC minus cost of capital | -6.6 pp | +0.1 pp | 3rd lowest of 20 |
| EV / EBITDA | 69.2× | 15.2× | most expensive of 8 |
| Net debt / EBITDA | 3.9× | -0.6× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Diamond Power Infrastructure DIACABS.NS | India | $2.34B | +118% | +109% | 10% | 55.3× | n/a | n/a |
| Shenzhen Leadshine Technology 002979.SZ | China | $2.36B | +14% | +44% | 13% | 40.6× | n/a | n/a |
| Tianhai Auto Electronics 001365.SZ | China | $2.36B | n/a | +28% | 5% | n/a | 6.0% | +24.8% |
| Jonjee Hi-Tech Industrial and Commercial 600872.SS | China | $2.31B | -2% | +1% | 18% | 21.8× | 10.0% | -3.9% |
| RR Kabel RRKABEL.NS | India | $2.30B | 0% | +45% | 8% | 28.5× | n/a | n/a |
| Shenzhen FRD Science & Technology 300602.SZ | China | $2.39B | -23% | +24% | 7% | 25.3× | n/a | n/a |
| Tongling Jingda Special Magnet Wire 600577.SS | China | $2.39B | -45% | +26% | 3% | 20.4× | 9.8% | +14.7% |
| Hangzhou Cable 603618.SS | China | $2.40B | -18% | +18% | 7% | 10.6× | 15.2% | +9.8% |
| Delijia Transmission Technology (Jiangsu) 603092.SS | China | $2.41B | -45% | +45% | 17% | n/a | 7.2% | +20.3% |
| Shenzhen Kstar Science and Technology 002518.SZ | China | $2.41B | -40% | +21% | 13% | 22.1× | 24.2% | +16.9% |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 58.9× | n/a | n/a |
| PhiChem 300398.SZ | China | $2.43B | -6% | +15% | 17% | 27.3× | 19.6% | +11.7% |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 36.6× | 25.3% | +18.6% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | n/a | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | n/a | 22.6% | +29.4% |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 37.0× | n/a | n/a |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 10.0× | n/a | n/a |
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | n/a | n/a | n/a |
| Chengdu Jiachi Electronic Technology 688708.SS | China | $2.11B | -33% | -7% | 26% | n/a | n/a | n/a |
| Voltronic Power Technology 6409.TW | Taiwan | $2.10B | +1% | -13% | 20% | 21.5× | 6.2% | +8.5% |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |