Diamond Power Infrastructure

Vadodara, India Founded: 1971 • Age: 55 yrs Listed
Power transmission and distribution solutions are manufactured and supplied.

About Diamond Power Infrastructure

Diamond Power Infrastructure is a publicly listed company based in Vadodara (India) founded in 1971. Power transmission and distribution solutions are manufactured and supplied. The company has 964 employees. Its Indian entity Diamond Power Infrastructure Limited reported revenue of ₹1,918 Cr. Diamond Power Infrastructure offers products and services including Cables and Conductors. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Founded in 1971 in Vadodara, India, the company operates in the power sector, focusing on manufacturing wires, cables, conductors, transformers, towers, control and relay panels, and isolators. EPC turnkey projects are also undertaken. Clientele includes state electricity boards, BHEL, NTPC, Power Grid, SAIL, ABB, Adani Infra, Crompton Greaves, Reliance Petroleum, and Voltas. Acquisition by the CKP group occurred in March 2017 for 182 million.

  • Headquarters Vadodara, India
  • Employees 964
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website dicabs.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Diamond Power Infrastructure Limited
Key Metrics
  • Market Cap
    ₹20,206 Cr

    DIACABS · NSE

  • Share Price
    ₹326.65

    -3.32% today

  • Revenue
    ₹1,910 Cr

    FY 2025-26 · +71.3% YoY

  • EBITDA
    ₹209 Cr

    Margin 10.9%

  • Net Profit
    ₹158 Cr

    FY 2025-26 · +357.2% YoY

  • P/E (TTM)
    105.3x

    P/B 20.5x

  • Employee Count
    964

Products & Services of Diamond Power Infrastructure

Diamond Power Infrastructure offers a comprehensive portfolio of products and services, including Cables and Conductors.

Cables
Power Transmission Equipment

Cables are manufactured for power transmission, covering low voltage up to 11 kV and extra high voltage from 220 kV to 550 kV, to support reliable energy distribution

Conductors
Power Conductors

Conductors are produced for overhead lines, ranging from 7 to 90 strands and voltages up to 765 kV, to facilitate efficient power transmission networks

Board of directors of Diamond Power Infrastructure Limited (Diamond Power Infrastructure)

Diamond Power Infrastructure Limited is the primary company behind Diamond Power Infrastructure. The board of Diamond Power Infrastructure Limited currently have 5 directors; the longest-serving is Rakesh Ramanlal Shah, appointed in 2022. 42 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rakesh Ramanlal Shah
DIN 00421920
Director17 Sep 20224 yrs 1 moDiamond Power Infrastructure Limited
Maheswar Sahu
DIN 00034051
Director17 Sep 20224 yrs 1 moDiamond Power Infrastructure Limited
Himanshu Jayantilal Shah
DIN 00572684
Director17 Sep 20224 yrs 1 moDiamond Power Infrastructure Limited
Rabindra Nath Nayak
DIN 02658070
Director17 Sep 20224 yrs 1 moDiamond Power Infrastructure Limited
Varsha Biswajit Adhikari
DIN 08345677
Director01 Oct 20233 yrsDiamond Power Infrastructure Limited

IPO & Listings of Diamond Power Infrastructure

Diamond Power Infrastructure is a publicly listed company on the NSE with ticker symbol DIACABS in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date15 Sep 2023
  • Listed onNSE: DIACABS
  • Listed entityDiamond Power Infrastructure Limited
  • Exchange sectorProducer manufacturing
  • ISININE989C01038
  • Share price₹378.75 (+0.32% on the day) · 2026-10-14
  • Market capitalisation₹22,511 Cr
  • Price to earnings101.6
  • EPS (diluted, trailing year)₹3.73
  • Volume (last session)330,075

Financials of Diamond Power Infrastructure

Exchange-reported figures of Diamond Power Infrastructure Limited, the listed company behind Diamond Power Infrastructure (NSE: DIACABS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,910 Cr
+71.2% YoY
EBITDA
₹209 Cr
+212.7% YoY
Profit After Tax
₹158 Cr
+357.2% YoY
Net Worth
−₹604 Cr
+31.2% YoY
Total Assets
₹1,933 Cr
+30.3% YoY
Total Debt
₹2,536 Cr
+7.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2016-17FY 2015-16FY 2014-15FY 2013-14
Income statement
Revenue1,9101,1153431,1322,2352,7793,178
Revenue growth+71.3%+224.8%--49.4%-19.6%-12.6%-
EBITDA20966.7842.42(647)(7.61)33.42282
EBITDA margin+10.9%+6.0%+12.4%-57.2%-0.3%+1.2%+8.9%
Profit before tax14734.4216.90(808)(286)(179)131
Net profit15834.5117.32(919)(273)(155)111
Net profit margin+8.3%+3.1%+5.0%-81.2%-12.2%-5.6%+3.5%
EPS (₹)3.000.653.230.000.000.0020.54
Balance sheet
Total assets1,9331,4841,3822,3342,9052,8832,344
Net worth(604)(879)(973)655622848990
Total debt2,5362,3624561,6062,2072,0141,353
Cash & bank10413.609.8450.6494.7464.34101
Net working capital5781791259311,3931,5931,118
Cash flow
Cash from operations35.8777.3215.77(258)(140)(362)119
Cash from investing(143)(68.71)(19.24)48.77(102)(192)(260)
Cash from financing136(5.89)4.19210248554138
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue690696474438302334307250
Revenue growth (YoY)+128.6%+108.5%+54.2%+75.1%+34.8%---
Other income7.687.040.640.100.210.240.090.18
EBITDA76.9673.9869.1245.9227.2113.7615.9413.04
EBITDA margin+11.2%+10.6%+14.6%+10.5%+9.0%+4.1%+5.2%+5.2%
Depreciation11.718.167.867.407.305.484.984.92
Interest14.2414.3611.109.823.690.864.804.32
Profit before tax58.6958.5050.8028.8016.437.666.253.98
Tax0.241.591.081.080.03(0.02)(0.02)(0.02)
Net profit58.4556.9149.7227.7216.407.686.274.00
EPS (₹)1.111.150.940.530.380.150.120.76
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Income statement
Revenue1,9441,11534315.460.000.001,132
Revenue growth+74.3%+224.8%+2121.0%----
EBITDA18166.8942.42(23.66)(2.83)(2.23)(647)
EBITDA margin+9.3%+6.0%+12.4%-153.0%---57.2%
Profit before tax13234.6516.90(42.89)(25.40)(24.12)(808)
Net profit14834.7417.32(42.89)(25.40)(24.12)(909)
Net profit margin+7.6%+3.1%+5.0%-277.4%---80.3%
EPS (₹)2.800.663.23(8.14)(0.94)(0.89)0.00
Balance sheet
Total assets1,8461,4841,3821,3641,4491,4622,335
Net worth(615)(878)(973)(980)(622)(596)657
Total debt2,4602,3624563671,9781,9771,605
Cash & bank46.0312.649.846.253.551.0950.64
Net working capital423176125102147144922
Cash flow
Cash from operations10480.5515.77(1,953)9.133.84(254)
Cash from investing(154)(72.10)(19.24)20.20(0.60)(0.44)45.11
Cash from financing71.91(5.89)4.191,936(6.07)(3.69)210
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue707715481445304334307250
Revenue growth (YoY)+133.0%+114.1%+56.5%+77.9%+35.6%---
Other income6.755.930.200.140.270.290.160.18
Total expenses640653421404278320291237
EBITDA67.7161.4659.9941.0225.7713.7916.0113.04
EBITDA margin+9.6%+8.6%+12.5%+9.2%+8.5%+4.1%+5.2%+5.2%
Depreciation11.227.657.267.187.145.484.984.92
Interest6.326.317.118.823.440.864.804.32
Profit before tax56.9253.4345.8225.1615.467.746.393.98
Tax(0.16)(0.07)(0.18)(0.02)(0.02)(0.02)(0.02)(0.02)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue690696474438302334307250
Revenue growth (YoY)+128.6%+108.5%+54.2%+75.1%+34.8%---
Other income7.687.040.640.100.210.240.090.18
EBITDA76.9673.9869.1245.9227.2113.7615.9413.04
EBITDA margin+11.2%+10.6%+14.6%+10.5%+9.0%+4.1%+5.2%+5.2%
Depreciation11.718.167.867.407.305.484.984.92
Interest14.2414.3611.109.823.690.864.804.32
Profit before tax58.6958.5050.8028.8016.437.666.253.98
Tax0.241.591.081.080.03(0.02)(0.02)(0.02)
Net profit58.4556.9149.7227.7216.407.686.274.00
EPS (₹)1.111.150.940.530.380.150.120.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2016-17FY 2015-16FY 2014-15FY 2013-14
Revenue1,9101,1153431,1322,2352,7793,178
Revenue growth+71.3%+224.8%--49.4%-19.6%-12.6%-
Other income8.000.560.7512514.6915.377.76
Total expenses1,7011,0493011,7792,2422,7452,896
Employee cost0.0013.367.2722.1926.4231.8637.08
EBITDA20966.7842.42(647)(7.61)33.42282
EBITDA margin+10.9%+6.0%+12.4%-57.2%-0.3%+1.2%+8.9%
Depreciation30.7120.2819.5693.9558.1650.8736.13
Interest38.9712.646.71191235177123
Profit before tax14734.4216.90(808)(286)(179)131
Tax3.77(0.09)(0.12)(13.12)(14.62)5.4820.10
Net profit15834.5117.32(919)(273)(155)111
Net profit margin+8.3%+3.1%+5.0%-81.2%-12.2%-5.6%+3.5%
EPS (₹)3.000.653.230.000.000.0020.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2016-17FY 2015-16FY 2014-15FY 2013-14
Equity & liabilities
Share capital52.7052.7052.7027057.0058.1458.14
Reserves & surplus(657)(931)(1,026)338451756932
Shareholders' funds (net worth)(604)(879)(973)655622848990
Minority interest0.000.000.000.000.000.000.00
Secured loans2262863461,6062,2071,9281,154
Unsecured loans2,3102,0761100.000.0085.40199
Total debt2,5362,3624561,6062,2072,0141,353
Total liabilities1,9331,4841,3822,3342,9052,8832,344
Assets
Gross block1,7781,7141,5841,5751,575645649
Net block1,2011,1681,0571,2461,339459514
Capital work in progress152135198137133694445
Investments0.000.000.006.9416.9112.0418.79
Inventories3692061204818051,1311,210
Sundry debtors46417658.79351786569324
Cash & bank balances10413.609.8450.6494.7464.34101
Loans & advances11188.1872.4616917683.7586.23
Total current assets1,0494832611,0521,8621,8471,721
Total current liabilities470303136121469254603
Net working capital5781791259311,3931,5931,118
Total assets1,9331,4841,3822,3342,9052,8832,344
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2016-17FY 2015-16FY 2014-15FY 2013-14
Opening cash7.184.453.7214.567.988.08102
Net cash from operating activities35.8777.3215.77(258)(140)(362)119
Net cash from investing activities(143)(68.71)(19.24)48.77(102)(192)(260)
Net cash from financing activities136(5.89)4.19210248554138
Net change in cash28.632.730.731.316.58(0.10)(3.34)
Closing cash10413.609.8450.6494.7464.34101
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2016-17FY 2015-16FY 2014-15FY 2013-14
Growth
Sales growth+71.3%+224.8%--49.4%-19.6%-12.6%-
EBITDA growth+212.7%+57.4%--8404.6%-122.8%-88.2%-
PBT growth+327.5%+103.7%+9998.0%-182.7%-59.7%-+8.2%
Net income growth+357.2%+99.3%--236.9%-75.6%-240.0%-
Revenue CAGR (3Y)+19.1%-20.7%-50.2%-29.1%-4.7%--
EBITDA CAGR (3Y)--+8.3%----
Profitability & leverage
Net income margin+7.5%+3.1%+5.0%-70.2%-12.1%-6.6%+3.5%
Return on capital employed-+1.4%+0.7%0.0%-1.8%+1.1%+11.8%
Return on net worth-+3.2%+1.6%0.0%-37.0%-17.0%+12.8%
Debt / equity-0.000.002.992.871.831.47
Long-term debt / equity-0.000.001.611.581.000.76
Interest cover21.8827.1829.35-25.82-356.77-1,013.5249.87
Efficiency & per share
Fixed asset turnover-0.680.220.732.054.395.86
Inventory turnover-6.852.851.792.352.433.02
Debtors turnover-9.525.842.033.366.378.04
EPS (₹)3.000.653.230.000.000.0020.54
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(16.67)(184.71)22.5289.20149.98182.65
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue707715481445304334307250
Revenue growth (YoY)+133.0%+114.1%+56.5%+77.9%+35.6%---
Other income6.755.930.200.140.270.290.160.18
Total expenses640653421404278320291237
EBITDA67.7161.4659.9941.0225.7713.7916.0113.04
EBITDA margin+9.6%+8.6%+12.5%+9.2%+8.5%+4.1%+5.2%+5.2%
Depreciation11.227.657.267.187.145.484.984.92
Interest6.326.317.118.823.440.864.804.32
Profit before tax56.9253.4345.8225.1615.467.746.393.98
Tax(0.16)(0.07)(0.18)(0.02)(0.02)(0.02)(0.02)(0.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Revenue1,9441,11534315.460.000.001,132
Revenue growth+74.3%+224.8%+2121.0%----
Other income6.530.680.750.260.050.06125
Total expenses1,7641,04830139.122.832.231,779
Employee cost0.0013.367.273.030.140.1422.19
EBITDA18166.8942.42(23.66)(2.83)(2.23)(647)
EBITDA margin+9.3%+6.0%+12.4%-153.0%---57.2%
Depreciation29.2220.2819.5618.8415.7015.7093.95
Interest25.6712.646.710.656.926.25191
Profit before tax13234.6516.90(42.89)(25.40)(24.12)(808)
Tax(0.30)(0.09)(0.12)0.000.000.00(13.12)
Net profit14834.7417.32(42.89)(25.40)(24.12)(909)
Net profit margin+7.6%+3.1%+5.0%-277.4%---80.3%
EPS (₹)2.800.663.23(8.14)(0.94)(0.89)0.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Equity & liabilities
Share capital52.7052.7052.7052.70270270270
Reserves & surplus(667)(931)(1,026)(1,033)(939)(913)340
Shareholders' funds (net worth)(615)(878)(973)(980)(622)(596)657
Secured loans1642863463671,9781,9771,605
Unsecured loans2,2962,0761100.000.000.000.00
Total debt2,4602,3624563671,9781,9771,605
Total liabilities1,8461,4841,3821,3641,4491,4622,335
Assets
Gross block1,7441,7141,5841,5761,5751,5751,575
Net block1,1681,1681,0571,0701,0871,1031,246
Capital work in progress133112198188188188128
Investments3.003.000.000.0012.5012.3117.14
Inventories34720612068.0147.4047.40481
Sundry debtors44217658.796.58309309351
Cash & bank balances46.0312.649.846.253.551.0950.64
Loans & advances89.5182.9072.4664.63318317160
Total current assets9254772611456776741,043
Total current liabilities50230113643.28531531121
Net working capital423176125102147144922
Total assets1,8461,4841,3821,3641,4491,4622,335
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Opening cash7.014.453.723.55(5.07)(4.77)14.47
Net cash from operating activities10480.5515.77(1,953)9.133.84(254)
Net cash from investing activities(154)(72.10)(19.24)20.20(0.60)(0.44)45.11
Net cash from financing activities71.91(5.89)4.191,936(6.07)(3.69)210
Net change in cash22.342.560.732.702.46(0.30)1.40
Closing cash46.0312.649.846.253.551.0950.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2016-17
Growth
Sales growth+74.3%+224.8%+2121.0%----
EBITDA growth+170.4%+57.7%+279.3%-736.0%-26.9%--
PBT growth+282.3%+105.0%+9998.0%-68.9%-5.3%+97.0%-184.5%
Net income growth+324.8%+100.6%+140.4%-68.9%-5.3%--
Revenue CAGR (3Y)+401.0%---76.1%-100.0%-100.0%-24.9%
EBITDA CAGR (3Y)----66.8%-35.6%--
Profitability & leverage
Net income margin+6.8%+3.1%+5.0%-277.4%---70.2%
Return on capital employed-+1.4%+1.0%0.0%0.0%0.0%0.0%
Return on net worth-+3.2%+43.7%0.0%0.0%0.0%0.0%
Debt / equity-0.000.000.000.000.002.98
Long-term debt / equity-0.000.000.000.000.001.61
Interest cover16.9327.1229.35-1.53-37.34-34.86-25.81
Efficiency & per share
Fixed asset turnover-0.680.220.010.000.000.73
Inventory turnover-6.853.650.270.000.001.79
Debtors turnover-9.5210.510.100.000.002.03
EPS (₹)2.800.663.23(8.14)(0.94)(0.89)0.00
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(16.67)(184.71)(185.95)(24.80)(23.86)22.59

Web traffic of Diamond Power Infrastructure

The website of Diamond Power Infrastructure (dicabs.com) receives about 4K visits a month.

  • Monthly visits
    4K

    ▼ 7.8% vs previous month

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Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Diamond Power Infrastructure (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M3,060
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Related news about Diamond Power Infrastructure

Diamond Power Infrastructure: Plans To Invest ₹25 Crore In A New Catenary Continuous Vulcanisation Line For Cables Up To 132 KV, With Capacity Expected By December 31, 2027, To Address Rising Demand For HV/EHV Underground Cables.
Exchange Update • today
Diamond Power Infrastructure Limited: Gets ₹179.43 Crore Contract From Adani Electricity Mumbai Limited For Specialized MV Cables.
Exchange Update • 1 month ago
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Frequently Asked Questions about Diamond Power Infrastructure

Diamond Power Infrastructure was founded in 1971.

Diamond Power Infrastructure is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.

Diamond Power Infrastructure has 964 employees.

The primary company behind Diamond Power Infrastructure, Diamond Power Infrastructure Limited, reported revenue of ₹1,918 Cr for FY 2026, up 71% year on year.

Founded in 1971 in Vadodara, India, the company operates in the power sector, focusing on manufacturing wires, cables, conductors, transformers, towers, control and relay panels, and isolators. EPC turnkey projects are also undertaken. Clientele includes state electricity boards, BHEL, NTPC, Power Grid, SAIL, ABB, Adani Infra, Crompton Greaves, Reliance Petroleum, and Voltas. Acquisition by the CKP group occurred in March 2017 for 182 million.

Diamond Power Infrastructure offers Cables and Conductors.

Yes, Diamond Power Infrastructure is publicly traded on NSE under the ticker symbol DIACABS.

Diamond Power Infrastructure operates through Diamond Power Infrastructure Limited.

The legal entities of Diamond Power Infrastructure currently have 7 directors, including Rakesh Ramanlal Shah, Maheswar Sahu, Himanshu Jayantilal Shah and others.

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