1. At a Glance
They say diamonds are forever—but Diamond Power Infrastructure Ltd (DPIL) almost flatlined. And now, it’s back from the dead, posting ₹1,115 Cr in sales and hogging ₹1,500 Cr+ in orders. With zero dividends, negative book value, a P/E that needs counselling (258x), and a promoter holding jump from 11% to 90%, it’s one of India’s wildest T&D turnarounds.
2. Introduction with Hook
Imagine your electrician uncle gets electrocuted… but walks it off, builds a transformer factory, and wins contracts from Adani and TS Conductor USA. That’s Diamond Power. From a -₹805 Cr loss in FY17 to now a rising phoenix with a ₹9,000 Cr market cap, DPIL is proof that second chances in Indian markets are like daily soaps—dramatic, dragged out, and sometimes electrifying.
Key Stats:
- FY25 Sales: ₹1,115 Cr
- FY25 PAT: ₹34 Cr
- ROCE: TBD (Post-zombie mode)
- CMP: ₹169 | P/E: 258x
3. Business Model (WTF Do They Even Do?)
DPIL is a T&D Infrastructure player manufacturing:
- Power Cables
- Conductors
- Transmission Towers
- Turnkey EPC Projects
Bonus:
- New EHV Testing Lab (NABL-accredited)
- Partnered with TS Conductor USA for advanced tech
- Contract manufacturing + OEM for brands like
