De Neers ToolsShare price, financial results, shareholding and management
- Market cap
- ₹186 cr
- Stock P/E
- 7.4peers 13.3
- Book value
- ₹85
- Price to book
- 1.95
- EV / operating profit
- 6.7
- Market cap to sales
- 1.05
- ROCE · FY26
- 25.8%
- ROE · FY26
- 30.4%
- ROE, 3-year average
- 29.3%
- Operating margin · FY26
- 21.8%peers 8.7%
- Sales growth, 3 years
- 23.7%
- Profit growth, 3 years
- 53.4%
- Debt to equity
- 0.77peers 0.53
- Borrowings
- ₹73.4 cr
- Interest cover
- 7.7×
- Cash from business / op. profit
- -30%
- Debtor days
- 106
- Pledged
- 0.00%
- Promoter holding
- 36.70%
- Change in promoter holding
- -6.10 pts
- Shareholders
- 997
- 52-week high / low
- ₹250 / ₹132
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
De Neers Tools share price chart
Close on 6 Nov 2026 · -3.29% on the day · Vol 12,600
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -0.2%
- 3 months
- -9.8%
- 6 months
- -19.7%
- 1 year
- +0.0%
- Traded a day, 20 days
- ₹0.20 cr
- Taken for delivery
- 69%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +23% | +60% |
| 3 years, a year | +24% | +53% |
| Latest half, H2 FY25 | +51% | +121% |
About De Neers Tools: business, products and customers
De Neers Tools sells hand tools such as spanners, pliers, sockets, screwdrivers and tool kits under its own De Neers brand, through dealers across India, to vehicle makers and abroad from Dubai. It is based in Delhi and its shares trade on NSE Emerge.
De Neers does not make most of what it sells: the tools are made to its specifications by manufacturers, mainly in Punjab, and sold under the De Neers brand. It sells them through a network of dealers and distributors across India, to vehicle and industrial makers as an approved supplier, and since 2025 from a warehouse and showroom in Dubai.
Because it is a brand and distributor rather than a factory, it owns very few fixed assets, but it must hold a very wide range of tools in stock so dealers can get everything from one place. That stock is the main use of money: inventory and unpaid dealer bills together are far larger than yearly profit, they are funded partly by bank borrowing, and the company has argued that the stock acts as an entry barrier and does not lose value.
Read more about the business
Specialised safety tools, such as insulated tools for electric vehicle work and non-sparking tools for oil, gas and chemical plants, earn more than standard tools. The company has announced a joint venture, DNSJV Private Limited, in which it holds 51%, to manufacture tools, bits and sockets, its first step into making its own products.
The offer document names Taparia Tools, which is listed, along with JK Files and Engineering, Venus Industrial Corporation, Gardex India and the global Apex Tool Group as the main hand tool makers it competes with; most of the market is unorganised.
From the offer document, the May 2026 and June 2025 investor presentations, the June 2025 earnings call, the FY24 annual report and the subject lines of the company's September 2026 announcements.
Read the deeper study ↓In its favour
- Sales have grown fast: 24% a year over three years.
- It earns a high return on the money it uses: ROCE 26% in FY26.
To watch
- Whether the working capital cycle falls towards the three months set in Vision 2030 (Investor presentation, May 2026, p.30).
- The start of the DNSJV manufacturing joint venture for tools, bits and sockets (Investor presentation, May 2026, p.23).
- Delivery of the 16,500 tool kits for Renault announced on 14 September 2026, and the 21,00,000 securities allotted on 12 September 2026 (Exchange announcements, subject lines).
- Sales from the Dubai subsidiary, which the company wants to lift exports to 15% or more of revenue (Investor presentation, May 2026, p.20 and p.30).
- The promoters' share has come down: 36.70%, from 67.03%.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
De Neers Tools revenue and profit growth
Half-yearly results · Profit and lossSales have grown fast. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.
De Neers Tools half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | |
|---|---|---|---|---|---|---|
| Sales | 46 | 50 | 59 | 50 | 69 | 75.46 |
| Expenses | 41 | 42 | 52 | 43 | 55 | 61.97 |
| Operating profit | 5 | 7 | 8 | 7 | 14 | 13.49 |
| OPM | 10.0% | 14.0% | 13.0% | 14.0% | 20.0% | 17.9% |
| Interest | 1 | 1 | 1 | 2 | 2 | 1.81 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.41 |
| Profit before tax | 4 | 6 | 6 | 6 | 12 | 11.88 |
| Net profit | 3 | 4 | 5 | 4 | 9 | 8.82 |
De Neers Tools profit and loss
Full years to March, FY22 to FY26 · ₹ crore, consolidated where reported
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Sales | 60 | 94 | 109 | 144.70 | 178.03 |
| Expenses | 53 | 82 | 94 | 118.81 | 139.29 |
| Operating profit | 7 | 12 | 15 | 25.88 | 38.73 |
| OPM | 12.0% | 13.0% | 14.0% | 17.9% | 21.8% |
| Other income | 1 | 0 | 2 | 0.60 | 0.23 |
| Interest | 1 | 2 | 4 | 3.80 | 4.98 |
| Depreciation | 0 | 1 | 1 | 0.77 | 0.76 |
| Profit before tax | 7 | 9 | 12 | 21.91 | 33.23 |
| Tax rate | 28.6% | 22.2% | 25.0% | 28.1% | 23.9% |
| Net profit | 5 | 7 | 9 | 15.76 | 25.29 |
| EPS ₹ | 1,627 | 10.96 | 10.06 | 18.33 | 29.32 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY24 come rounded to the nearest crore in the source.
Earnings per share before FY23 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
De Neers Tools profitability
Margins and returns on capitalLast year the company kept more from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating margin | 12.0% | 13.0% | 14.0% | 17.9% | 21.8% |
| Tax rate | 28.6% | 22.2% | 25.0% | 28.1% | 23.9% |
| ROCE | · | 14.2% | 14.7% | 20.4% | 25.8% |
| ROE | · | 69.9% | 30.5% | 27.0% | 30.4% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
De Neers Tools debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. Its loans are smaller than its own money. Last year the business used more cash than it brought in. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
De Neers Tools balance sheet
At each 31 March · ₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Equity capital | 0.03 | 6 | 9 | 18.61 | 18.61 |
| Reserves | 7 | 7 | 37 | 52.26 | 76.70 |
| Net worth | 7.03 | 13 | 46 | 70.87 | 95.30 |
| Borrowings | 54 | 81 | 78 | 57.10 | 73.35 |
| Other liabilities | 37.97 | 41 | 19 | 34.43 | 37.94 |
| Total liabilities | 99 | 135 | 143 | 162.40 | 206.59 |
| Fixed assets | 2 | 3 | 2 | 2.59 | 1.91 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other assets | 97 | 132 | 141 | 159.81 | 204.68 |
| Receivables | · | · | · | 35.08 | 51.63 |
| Inventory | · | · | · | 107.16 | 139.48 |
| Cash | · | · | · | 1.04 | 0.91 |
| Trade payables | · | · | · | 24.34 | 24.53 |
De Neers Tools cash flow
₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | -49 | -25 | -17 | 17.18 | -11.49 |
| Cash from investing | -2 | -1 | 0 | -1.33 | 1.05 |
| Cash from financing | 53 | 25 | 17 | -15.04 | 11.27 |
| Net cash flow | 2 | -1 | 0 | 0.81 | 0.83 |
| Capital spending | · | · | · | 1.36 | 0.07 |
Working capital
Days
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Debtor days | 212 | 130 | 127 | 88 | 106 |
| Inventory days | 409 | 435 | 379 | 376 | 421 |
| Days payable | 269 | 184 | 53 | 85 | 74 |
| Cash conversion cycle | 351 | 381 | 452 | 380 | 453 |
| Working capital days | 273 | 252 | 316 | 231 | 255 |
De Neers Tools peers and competitors
Listed SME companies in the same industryBy sales, De Neers Tools is number 55 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Shubhshree Biofuels Energy | 179 | 17.0 | 202 | 10.5 | 7.4% | 0.32 |
| Glen Industries | 265 | 16.6 | 199 | 16 | 19.0% | 0.87 |
| Shree TNB Polymers | 115 | 16.4 | 198 | 7 | 10.0% | 0.82 |
| Quality Foils (India) | 14 | 9.6 | 184 | 1.5 | 4.7% | 2.08 |
| Gabriel Pet Straps | 63 | 12.6 | 183 | 5 | 2.4% | 0.05 |
| Munish Forge | 205 | 20.3 | 183 | 10.1 | 11.7% | 0.44 |
| De Neers Tools | 186 | 7.4 | 178 | 25.3 | 21.8% | 0.77 |
| Sampat Aluminium | 25 | 4.2 | 178 | 6 | 5.0% | 0.36 |
| D.K. Enterprises Global | 52 | 9.2 | 169 | 5.7 | 5.5% | 0.62 |
| DCG Cables & Wires | 127 | 14.1 | 163 | 9 | 15.0% | 0.70 |
| Malpani Pipes And Fittings | 68 | 7.5 | 163 | 9 | 10.0% | 0.39 |
| Median of the 10 others | 92 | 13.4 | 183 | 8 | 8.7% | 0.53 |
De Neers Tools shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company, a little less than in the first filing shown. Foreign and Indian funds own a noticeable share. The number of shareholders has grown a lot.
De Neers Tools shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | May 26 | Jul 26 | Sep 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 67.03% | 62.38% | 62.38% | 47.54% | 47.54% | 46.25% | 42.80% | 36.70% |
| Foreign investors (FIIs) | - | 0.00% | 0.77% | - | - | 0.00% | - | 0.00% |
| Indian institutions (DIIs) | 4.32% | 4.34% | 7.29% | 8.80% | 8.97% | 8.79% | 8.09% | 7.12% |
| HNIs (over ₹2 lakh each) | 9.82% | 13.43% | 11.33% | 10.93% | 12.91% | 12.47% | 20.42% | 27.38% |
| Small holders (up to ₹2 lakh) | 11.75% | 13.11% | 12.23% | 21.02% | 17.82% | 17.00% | 13.99% | 13.74% |
| Companies and others | 7.08% | 6.74% | 6.00% | 11.71% | 12.76% | 15.49% | 14.70% | 15.06% |
| Number of shareholders | 595 | 635 | 602 | 1,224 | 1,052 | 1,020 | 941 | 997 |
The named holders are at 12 Sept 2026, beside 23 July 2026, each under the group the pattern files them in.
De Neers Tools study: the business from its own documents
Read from 10 of the company's own documentsDe Neers Tools so far
From the company's own record
- 11 May 2023Listed on NSE Emerge
- 14 Sept 2026An order announced
- 30 Sept 2026Promoters at 36.70%
- 11 June 2025Highest close since listing, ₹328.68
De Neers Tools key facts from the filings
Each figure with the document it comes from
- Product range
- About 9,500 SKUs
- Items in the catalogue in FY26, up from 3,200 in FY22; the company says this is more than twice its nearest rival.Investor presentation, May 2026, p.21 to 22
- Dealers and OEM customers
- 352 and 66
- Dealers and vehicle or industrial makers ordering from the company in FY26, against 315 dealers and 57 OEMs a year earlier.Investor presentation, May 2026, p.13 and p.21
- Stock held
- ₹139.5 cr
- Consolidated inventory at March 2026, up from ₹107.2 cr a year earlier, the largest item on the balance sheet.Investor presentation, May 2026, p.19
- Borrowings
- ₹73.4 cr
- Long and short term borrowings at March 2026, against ₹57.1 cr a year earlier, used largely to carry stock and dealer credit.Investor presentation, May 2026, p.19
- Gross margin
- 32.1%
- FY26 consolidated gross margin, up 404 basis points, which the company puts down to better prices and more specialised tools.Investor presentation, May 2026, p.13 and p.15
Show 5 more facts
- Units sold
- About 7.05 crore
- Hand tool pieces sold in FY26.Investor presentation, May 2026, p.21
- Dubai subsidiary
- 15,000 sq ft warehouse
- De Neers Tools Trading LLC runs a warehouse and a 900 sq ft showroom in Dubai, with two to three dealers signed.Investor presentation, May 2026, p.20
- Manufacturing joint venture
- 51% stake
- Proposed company DNSJV Private Limited to make tools, bits, sockets and allied products with partners that have manufacturing know-how.Investor presentation, May 2026, p.13 and p.23
- Renault order
- 16,500 tool kits
- Supply of tool kits to Renault through channel partners, announced in September 2026; no value was given in the subject line.Exchange announcement, 14 September 2026 (subject line)
- Where sales come from
- About two thirds
- Share of revenue from Delhi NCR, Gujarat, Telangana, Bihar and Uttar Pradesh at the time of the offer document.Offer document, p.95
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
In its May 2026 presentation the company set out a Vision 2030: revenue and profit growth of 25% or more a year, exports at 15% or more of revenue, value added products at 10% or more, approved vendor status with major vehicle makers, return on equity above 25% and a working capital cycle cut to three months. It says the stock already built can support three to four times current revenue with little more inventory. In June 2025 the company had spoken of the same 25% plus growth and of ₹30 cr to ₹35 cr of electric vehicle tool sales in FY26.
| What management said | When | What happened |
|---|---|---|
| Revenue and profit growth of at least 25% a year | June 2025 call | FY26 consolidated revenue rose 23.0% and profit 60.5%, as the May 2026 presentation reports |
| Inventory days below three months over time, from 231 | June 2025 call | Consolidated inventory rose to ₹139.5 cr at March 2026 from ₹107.2 cr |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
De Neers earns its money as a branded seller of hand tools made by others, winning dealers with a very wide range kept in stock and generous credit.
Its weak spot is the money tied up in that stock and in dealer bills, much of it borrowed, while profit has grown faster than cash.
AverageCan it set its own prices?Margins have risen as the brand and specialised tools grew, but the company says its prices are already low and it gives dealers extra discounts to clear slow stock.
AverageHow strong is it against rivals?It competes with older, larger tool makers and a big unorganised market; its edge is the breadth of its range rather than its own factories.
AverageWho are its customers?Hundreds of dealers plus a growing list of vehicle and industrial makers, though sales have been concentrated in a few states.
WatchDoes it need a lot of money?Yes, in stock and credit rather than machines: inventory and dealer bills keep rising and are funded partly with borrowing.
StrongCan it keep finding new work?Dealers, OEM approvals and the product range have all grown each year, and new channels in Dubai and electric vehicle tools have opened.
AverageDo good and bad years swing a lot?Sales can move between halves of the year, as when weather slowed the first half of FY26, but the company says its stock has held value through steel price swings.
Who runs De Neers Tools?
Promoters, directors and officers; tap a name for the background
NKNeeraj Kumar AggarwalPromoter, Chairperson and Managing Director · holds 19.62%
Holds an honours degree in commerce from Shri Ram College of Commerce, Delhi University, and has over 30 years in the hand tools trade, having joined the family business early. Founded the De Neers brand and handles business development and procurement. Reappointed Managing Director from 28 July 2026, as announced in September 2026. The offer document states that Neeraj Kumar Aggarwal is the spouse of Shilpy Aggarwal.
Offer document, p.118 to 119 and p.129; Investor presentation, May 2026, p.7; Exchange announcement, 29 September 2026 (subject line)SAShilpy AggarwalPromoter and Whole Time Director · holds 11.86%
A graduate of Anwar-ul-Uloom College, Hyderabad, with more than 10 years of experience; a co-founder who looks after marketing and human resources. Reappointed Whole Time Director from 28 July 2026, as announced in September 2026.
Offer document, p.118 and p.129; Exchange announcement, 29 September 2026 (subject line)KGKanav GuptaPromoter, Whole Time Director and Chief Financial Officer (as of June 2025) · holds 6.05%
A commerce graduate of Delhi University who took a short course in strategic management at the London School of Economics; a co-founder who managed finance and all India sales. Named as promoter, whole time director and CFO in the June 2025 presentation; the September 2026 shareholding pattern lists the 6.05% holding under public shareholders, and the later documents read do not state the current role.
Offer document, p.118 and p.130; Investor presentation, June 2025, p.23DGDeepali GuptaPromoter group shareholder · holds 3.50%
Listed in the promoter category of the September 2026 shareholding pattern; the documents read give no role or background.
Shareholding pattern, September 2026RARiya AggarwalPromoter group shareholder · holds 1.71%
Listed in the promoter category of the September 2026 shareholding pattern; the documents read give no role or background.
Shareholding pattern, September 2026AAAarti AroraIndependent Director
A certified image coach, soft skills trainer and fashion designer with about 8 years in those fields at the time of the offer document; chairs the audit committee.
Offer document, p.117 to 118 and p.122; Annual report FY24, p.2RGRajesh GuptaIndependent Director
A commerce graduate of Delhi University who has run the family printing and publishing business, Prabhat Publicity, since 1994.
Offer document, p.117 and p.119; Annual report FY24, p.2De Neers Tools latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY25: sales ₹75.5 cr (+51%), net profit ₹8.8 cr (+121%) on H2 FY24.
- Shareholding, 30 Sept 2026: promoters 42.80% to 36.70%.
- 14 Sept 2026: an order announced.
De Neers Tools announcements
45 on record, latest first; each opens the filing on the exchange
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 29, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- AppointmentOf Mr. Neeraj Kumar Aggarwal and Ms. Shilpy Aggarwal as Managing Director and Whole-time Director of the company w.e.f. July 28, 2026PDF ↗
- Amendment to AOA/MOAOf the companyPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 29, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of Analyst/ Investor MeetingPDF ↗
- Updates'SECURING NEW ORDER FOR SUPPLY OF 16,500 TOOL KITS TO RENAULT THROUGH CHANNEL PARTNERS'PDF ↗
- Allotment of Securitiesallotment of 2100000 securities pursuant to at its meeting held on September 12, 2026PDF ↗
- Outcome of Board MeetingHeld on September 12, 2026PDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 29, 2026PDF ↗
- Amendment to AOA/MOAOf the companyPDF ↗
De Neers Tools annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
- 30 June 2025 ↗read
- 31 May 2026 ↗read
- 30 Nov 2025 ↗read
- 30 June 2025 ↗read
- 30 Nov 2024 ↗read
- 31 May 2024 ↗read
- 30 Nov 2023 ↗read
De Neers Tools share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on De Neers Tools' data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe halves of FY26 are shown standalone and the full year consolidated, as the company files them, so the two need not add up.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,12,16,600 shares).
- !The FY26 results imply 1,86,10,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- !The two half-years of FY26 add up to ₹158.3 cr of sales against ₹178.0 cr for the full year, so the half-years of FY26 are held back.
- !Earnings per share changes basis between FY22 (₹1,626.67) and FY23 (₹10.96) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY22 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about De Neers Tools
What does De Neers Tools do?
De Neers Tools sells hand tools such as spanners, pliers, sockets, screwdrivers and tool kits under its own De Neers brand, through dealers across India, to vehicle makers and abroad from Dubai. It is based in Delhi and its shares trade on NSE Emerge.
What is the share price of De Neers Tools?
₹166 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of De Neers Tools?
₹186 cr at the close on 6 Nov 2026, on 1,12,16,600 shares.
What is the P/E of De Neers Tools?
7.4 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are De Neers Tools' revenue and profit?
Revenue ₹178 cr and profit after tax ₹25 cr in FY26.
Who are the promoters of De Neers Tools?
Neeraj Kumar Aggarwal, Shilpy Aggarwal, Kanav Gupta, Deepali Gupta, Riya Aggarwal; promoters held 36.70% at 30 Sept 2026.
What is De Neers Tools' website?
www.deneerstools.com
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Built from 6 investor presentations, 2 annual reports, 1 offer document, 1 earnings call transcript, 45 exchange announcements, 8 shareholding patterns and 5 years of reported results. Every figure carries its source; where the documents are silent, the page says so.