De Nora India Limited
DENORA · NSE · Industrials
StocksWizard rates De Nora India Limited a Sell, scoring 42/100 on our blended model. At ₹855 it trades above our blended DCF and relative-multiples fair value of ₹670.35, implying roughly 22% downside to that estimate — we read the stock as overvalued by 22%. Financial health scores 100/100 (grade A), in the safe band on the Altman Z-score, with a Piotroski F-score of 2/9. It clears 5 of 11 investability checks, with durability 33, valuation 29 and momentum 82 on our 0–100 scales.
These are StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹536.28.
Piotroski F-score 2/9 — quality of earnings & balance sheet.
Investability checklist
- ✕ROE above 15%7.3%
- –Low debt (D/E < 0.5)
- ✓Positive free cash flow
- ✕Revenue growth > 10%7%
- –Earnings growing
- ✕Net margin ≥ 10%7.4%
- ✓Current ratio > 1.54.03
- ✕Below our fair value
- ✕Margin of safety ≥ 20%
- ✓Above 200-day average
- ✓Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 10.9
- ✕Piotroski ≥ 72/9
1-year price
EOD · 2026-06-19Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Shareholding
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
SWOT snapshot
Strengths
- •Financially solid — Altman Z 10.9.
Weaknesses
- •Low return on equity (7.3%).
- •Weak Piotroski score (2/9).
Threats
- •Rich valuation versus sector peers.
- •Trades ~22% above our estimated fair value.
About De Nora India Limited
De Nora India Limited manufactures, sells, and services electrolytic products in India and internationally. The company offers anodes for chlorine and oxygen evolution; cathodes for hydrogen evolution; disinfection systems; electrodes for metal winning; electrodes and accessories for cathodic protection; membrane technologies; and water technology products. It is also involved in the manufacturing and recoating of anodes and cathodes for electrolytic processes in the chlor-al
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All stocksOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.