Danish Power Limited, founded in July 1985, specializes in manufacturing power and distribution transformers. The company serves various industries, including renewable energy, commercial power plants, and utilities. Danish Power Ltd is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company, engaged in the business of manufacturing different types of transformers, including inverter duty transformers used in renewable power projects like solar power plants or wind farms, oil and dry-type power and distribution transformers, and control relay panels, along with substation automation services.
The company underwent significant corporate restructuring in 2024, transitioning from a private limited company to a public limited entity. The Company name was changed from "Danish Private Limited" to "Danish Power Private Limited" via a fresh Certificate of Incorporation dated July 08, 2024, issued by the Registrar of Companies, Central Processing Centre, Manesar. It then converted into a Public Limited Company, and the name was changed from "Danish Power Private Limited" to "Danish Power Limited" via a fresh Certificate of Incorporation dated July 22, 2024, issued by the Registrar of Companies, Central Processing Centre, Manesar.
Founded in July 1985, Danish Power Limited manufactures various types of transformers, including inverter duty transformers for use in renewable power projects such as solar power plants and wind farms. These transformers and panels are used across various industries to facilitate efficient transmission and distribution of electrical power in applications such as renewable power EPC projects (solar power plants, wind power farms), other power generation plants, power transmission, electricity sub-stations, and power utilities.
The company has positioned itself strategically in the renewable energy sector, manufacturing specialized equipment that supports India's growing solar and wind energy infrastructure. Danish Power Ltd manufactures transformers and control relay panels, primarily for renewable energy projects, solar and wind farms, and substation automation.
Danish Power Ltd currently has a market capitalization of ₹2,117 crore. For the year ended 2024, the company posted a profit of ₹38.07 crore on a total income of ₹332.48 crore. More recent reports indicate revenue of ₹425 crore and profit of ₹58.3 crore, demonstrating the company's robust financial trajectory.
The company has demonstrated exceptional growth metrics over recent years, delivering good profit growth of 101% CAGR over the last 5 years. It also boasts a strong return on equity (ROE) track record, with a 3-year ROE of 34.5%. An annual revenue growth of 29% is outstanding, a pre-tax margin of 18% is great, and an ROE of 17% is exceptional.
• Market Capitalization: ₹2,117 Cr (as of latest reports)
• P/E Ratio: 36.3-36.88 (various sources)
• P/B Ratio: 6.64 (as of May 2025)
• ROE: 29.0% (demonstrating efficient shareholder returns)
• ROCE: 40.5% (indicating strong capital efficiency)
• Book Value: ₹163 per share
• 52-Week High: ₹1,316
• 52-Week Low: ₹541.50
• Promoter Holding: 73.55% (as of Mar 2025)
Danish Power Ltd has significantly reduced its debt and is almost debt-free. The company has a reasonable debt-to-equity ratio of 1%, which signals a healthy balance sheet. This strong financial position provides the company with flexibility to pursue growth opportunities and weather market volatility.
Danish Power announced that its Board of Directors, at a meeting held on May 9, 2025, recommended a final dividend of ₹1.5 per equity share, marking a positive development for shareholders. From a technical standpoint, the stock is comfortably placed above its key moving averages, approximately 10% and 15% from its 50-day and 200-day Daily Moving Averages (DMA), respectively.
Promoter holding stood at 73.6% as of recent reports, though it has slightly decreased to 73.55% as of March 2025. This indicates some minor dilution but still reflects strong promoter confidence in the company's future.
Danish Power Ltd (DANISH) belongs to the Industrials sector and the Heavy Electrical Equipment sub-sector. Its peers include Siemens Ltd, CG Power & Industrial Solutions Ltd, Bharat Heavy Electricals Ltd, Waaree Energies Ltd, Suzlon Energy Ltd, Premier Energies Ltd, and Apar Industries Ltd.
On June 22, 2025, the Exchange sought clarification from Danish Power Limited for the quarter ended March 31, 2025, with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. This indicates ongoing regulatory compliance processes typical for publicly listed companies.
While the company shows strong financial performance, there are some operational challenges worth noting. Debtor days have increased from 59.7 to 80.8 days. Additionally, working capital days have increased from 61.8 days to 100 days, indicating potential collection and working capital management challenges that warrant attention.
Danish Power Limited stands as a significant player in India's electrical equipment manufacturing sector, particularly well-positioned to benefit from the country's renewable energy expansion. The company's strong financial metrics, near debt-free status, and strategic focus on transformer manufacturing for renewable energy projects make it an interesting investment consideration in the power infrastructure space.
