1. At a Glance
DISA India makes the machines that make the metal that makes your world go round — literally. If iron and aluminium foundries are the bakers, DISA is the guy selling ovens, mixers, trays, and a fancy ventilation system so the place doesn’t smell like burnt sand. They own the premium lane in foundry equipment, with FY25 ROCE at 28.9% and ROE at 21.2%. Q1 FY26 saw revenue of ₹102 Cr (↓ 6.3% YoY) but PAT steady at ₹13 Cr, because when you’re this entrenched, margins don’t panic easily. Price tag? ₹14k+ per share — so unless you’re running a foundry yourself, you might need a SIP just to buy one.
2. Introduction
If there was a Bollywood biopic for industrial machinery, DISA would play the wise old mentor — teaching raw molten metal how to behave. Founded decades ago, the company is now part of Norican Group, a global beast in foundry tech.
From sand mixers to shot blasting machines, DISA basically builds the industrial equivalent of IKEA — except instead of a bookshelf, you get an entire casting line that could spit out engine blocks by the hour. Customers? The who’s who of iron and aluminium foundries. Products? Moulding machines, sand plants, die-casting systems, industrial filters — all the cool toys your metallurgy professor drooled over.
And unlike most industrial stories where “capex cycle” is an excuse for missed quarters, DISA’s balance sheet looks like it’s been on a permanent debt detox.
3. Business Model (WTF Do They Even Do?)
Think of DISA as
the end-to-end wedding planner for foundries:
- Moulding Machines & Foundry Lines – The bride (iron/Al alloy) meets the groom (casting mould) in style.
- Sand Plant Equipment – Because bad sand is like bad masala; it ruins the dish.
- Surface Preparation (Shot Blasting) – Removes the ugly so your final casting looks like it belongs in a catalogue.
- Industrial Filters – From cassette to pulse-jet, these keep the air clean enough to avoid “smog as a workplace perk.”
Revenue split is project-heavy, meaning big lumpy orders — one quarter you’re a hero, next quarter you’re “on a diet.”
4. Financials Overview
- Q1 FY26 Revenue: ₹102 Cr (↓ 6.3% YoY)
- Q1 FY26 PAT: ₹13 Cr (flat YoY, ↑ 30% QoQ)
- TTM Revenue: ₹396 Cr (↑ 1.5% YoY)
- TTM PAT: ₹48 Cr
- TTM EPS: ₹331.93
- Updated P/E: 14,090 ÷ 331.93 ≈ 42.4x (slightly above the 39.3x shown earlier, thanks to post-Q1 price tick)
- Dividend Payout: ~59.6% — the industrial equivalent of a Michelin-star chef giving out free samples.
- ROCE: 28.9% — screams capital efficiency.
Verdict: Stable
