And Q3 FY26 numbers? ₹61.57 crore revenue. ₹4.48 crore PAT. EPS ₹9.20 for the quarter.
Ladies and gentlemen, meet Danlaw Technologies India Ltd — a connected car tech company that sounds like Silicon Valley but trades like a forgotten industrial stock.
It supplies telematics, vehicle tracking systems, body control units, ECU testing tools — basically the stuff that makes your car smarter than you.
Despite a brutal -49% one-year stock performance, the business is still clocking 28%+ return ratios. P/E is almost half of industry median. Sales have grown 70% CAGR over 5 years. Profit CAGR 51% over 5 years.
So what’s happening? Is the market asleep? Or is there a catch hiding inside the engine control unit?
Let’s open the bonnet.
2. Introduction – From Obscure to “Connected Car” Specialist
Incorporated in 1992 — long before “IoT” became a buzzword — Danlaw Technologies India quietly positioned itself in automotive electronics.
Today, it calls itself one of the largest suppliers of connected gadgets in the world. That’s a bold statement for a ₹344 crore company.
In October 2022, under NCLT order, its subsidiary Danlaw Electronics Assembly Limited was amalgamated into the company. It issued 11,63,177 shares to Danlaw Inc as part of that process.
Promoter holding jumped to 61.87% post that.
This is not a startup. This is a 30+ year old automotive electronics firm trying to ride the connected vehicle wave.
But here’s the big question:
If it’s in connected cars, why is the market valuing it like a boring industrial supplier?
Let’s decode.
3. Business Model – WTF Do They Even Do?
Imagine your car as a mobile phone on wheels.
Danlaw builds the “SIM card + data brain” of that car.
