DEN

CAUTION

Den Networks Limited

Telecom · NSE

52W Low

23

+19.2% from low

52W High

43

-37.0% from high

News sentiment
0 bull9 neu11 bear

Valuation Gauge

CAUTION Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹27

Fair Value

Fair Value Analysis

Insufficient data to compute fair value | Sector-cheap: P/E at 13th percentile vs sector peers. | CAUTION: ROCE declining (latest 3.1%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 4.4% (ROE 3.8%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable.

Low confidence

Price vs Market

DEN
Nifty 50

Shareholding Pattern

Stock Health Score

C

Mixed Signals

5.4 / 10

Profitability

6/10

ROE of 4.4% is below the Telecom sector benchmark of 15%

Debt & Leverage

10/10

D/E ratio of 0.0x is well within the Telecom sector norm of 1.5x — strong balance sheet

Valuation vs Peers

10/10

P/E of 8.9x trades at a 80% discount to Telecom sector median (45x) — attractively valued

Cash Flow

1/10

Negative FCF of ₹-58 Cr — company is consuming more cash than it generates

Earnings Growth

3/10

5yr EPS CAGR of -11.9% — earnings are declining (sector avg growth: 5.0%)

Dividend

4/10

No dividend — typical for growth-stage companies

Company Health Timeline

10-year financial health at a glance

FY17
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
50
63
38
75
50
43
63
63
38
50
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

0.6%

Free cash flow / market cap

Revenue Growth (YoY)

-7.6%

Year-on-year revenue change

Profit Growth (YoY)

+15.9%

Year-on-year PAT change

Operating Cash Flow

₹-17 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹2.9

P/E Ratio

8.9x

P/B Ratio

0.3x

ROE

4.4%

ROCE

5.4%

Debt / Equity

0.01x

Beta

0.64

Div Yield

FCF (Cr)

₹-58 Cr

Revenue (Cr)

₹974 Cr

EPS Growth 5Y

-12%

Mkt Cap (Cr)

₹1,245 Cr

52W High

₹42.6

52W Low

₹22.5

Book Value/Share

₹84.1

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
2026-03-31₹974 Cr₹68 Cr7.0%₹166 Cr₹3.47
2025-03-31₹1.0K Cr₹113 Cr11.0%₹197 Cr₹4.19
2024-03-31₹1.1K Cr₹154 Cr14.0%₹213 Cr₹4.50
2023-03-31₹1.1K Cr₹152 Cr13.0%₹236 Cr₹5.09
2022-03-31₹1.2K Cr₹202 Cr16.0%₹171 Cr₹3.69
2021-03-31₹1.3K Cr₹250 Cr19.0%₹189 Cr₹4.15
2020-03-31₹1.3K Cr₹212 Cr16.0%₹59 Cr₹1.47
2019-03-31₹1.2K Cr₹177 Cr15.0%₹-301 Cr₹-5.81
2018-03-31₹1.3K Cr₹278 Cr22.0%₹-17 Cr₹-1.76
2017-03-31₹1.2K Cr₹176 Cr15.0%₹-188 Cr₹-10.74
2016-03-31₹948 Cr₹-176 Cr-19.0%₹-431 Cr₹-24.21
2015-03-31₹1.1K Cr₹93 Cr8.0%₹-122 Cr₹-8.08

Compounded Growth Rates

Sales Growth

3Y-4.8%
5Y-5.7%
10Y+0.3%

Profit Growth

3Y-11.1%
5Y-2.6%
10Y

EPS Growth

3Y-12.0%
5Y-3.5%
10Y

Peer Comparison

Telecom
StockPriceFair ValueMoS%P/EROESignal

Pritish Nandy Communications Limited

₹18.7₹50.3+62.8%55.50.7%FAIRLY_VALUED

Paramount Communications Limited

₹59.1₹68.3+13.5%29.67.7%FAIRLY_VALUED

Indus Towers

₹432₹473+8.7%15.919.8%FAIRLY_VALUED

TV Today Network Limited

₹110.4₹98-12.7%39.76.5%FAIRLY_VALUED

Bharat Road Network Limited

₹20.2₹13.6-48.2%6.210.4%OVERVALUED

Bharti Hexacom Limited

₹1,545₹640.1-141.4%4528.8%OVERVALUED

Bharti Airtel

₹1,872.7₹745.4-151.2%42.919.4%OVERVALUED

Tata Communications

₹1,957₹315.7-519.8%45.931.1%OVERVALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

Exchange Filings

BSE announcements · last 90 days

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