DISA India Share Price Target 2026, 2027, 2028, 2029, 2030

DISA India share price today

DISA India (BSE: 500068) sells the machines that make moulds. Its green-sand moulding lines, sand plants and core-making equipment sit at the front of an iron or steel foundry, forming the sand moulds into which molten metal is poured. The company is the Indian arm of Denmark’s Norican Global, whose DISA and Wheelabrator brands are among the reference names in foundry technology worldwide.

At the 6 August 2026 cut-off the share closed at ₹11,692.80, giving a reconciled market capitalisation near ₹1,699 crore on trailing EPS of ₹386.90. The live quote above will differ; the analysis is fixed to that session.

Two facts frame everything that follows. The first is that this is a genuinely good franchise — 26.6% return on capital, an installed base across Indian foundries that generates spares and service revenue, and a global parent’s technology behind it. The second is that the entire company consists of roughly 1.45 lakh shares outstanding, which makes it one of the least liquid listed industrial companies of its size in India.

The installed base is the business

Selling a moulding line is a capital goods transaction: lumpy, competitive and cyclical. What happens afterwards is the better business. A DISA moulding line runs for decades, and across that life it consumes spare parts, wear components, service visits, upgrades and eventually a replacement.

Revenue layer	Character	Cyclicality
New moulding lines and sand plants	Large-ticket capital equipment	High; follows foundry capital expenditure
Core-making and ancillary equipment	Mid-ticket, often sold alongside	High, but attached to the main sale
Spare and wear parts	Consumed continuously while the line runs	Low; tied to foundry output, not capex
Service and upgrades	Recurring, relationship-based	Low to moderate
Surface preparation equipment	Wheelabrator-branded shot blasting	Follows the same foundry cycle

The economic point is that the aftermarket layer is annuity-like and the equipment layer is not. A foundry that has standardised on DISA equipment faces real switching costs — operator training, spares inventory, plant layout, process parameters — which is why the installed base is worth more than any single year of machine sales. It is also why the company can earn a return on capital in the mid-twenties on what is nominally a capital goods business.

The most recent quarter showed margin pressure

The June 2026 quarter reported revenue of about ₹87 crore with net profit near ₹11 crore, against a full year to March 2026 of roughly ₹425 crore of sales and ₹54 crore of profit. An earlier quarter in the same cycle had shown revenue near ₹103.70 crore with profit around ₹12.20 crore, and coverage of that result described margin compression across the key profitability measures.

Period	Sales	Net profit	Implied net margin
Jun 2026 quarter	About ₹87 Cr	About ₹11 Cr	Roughly 12.6%
FY26 (year to Mar 2026)	About ₹425 Cr	About ₹54 Cr	Roughly 12.7%
Earlier quarter in the cycle	About ₹103.70 Cr	About ₹12.20 Cr	Roughly 11.8%

The pattern to watch in this business is revenue growing while profit does not. It usually means the mix has shifted toward new equipment — which carries lower margin and often competitive pricing — and away from the high-margin aftermarket, or that input and project costs have risen faster than contracted prices. The June quarter’s net margin of roughly 12.6% sits almost exactly on the full-year 12.7%, so on that reading the compression seen in the earlier quarter had not persisted. One quarter either way settles very little in a business with lumpy project recognition.

A word on the earnings base, because the sources disagree. Screener reports FY26 consolidated earnings per share of about ₹368.73, and its own price-to-earnings ratio is consistent with that figure. The trailing twelve-month EPS carried in our research data — and used as the base for the scenario grid below — is ₹386.90, roughly 5% higher, which is what you would expect from a trailing window that includes the stronger June 2026 quarter in place of the weaker year-earlier one. We have kept the trailing figure for consistency with the rest of this batch and flagged it here so a reader can scale the grid down by about 5% if they prefer the audited annual number.

Illiquidity is not a footnote here

We normally raise liquidity at the end of an article. For DISA India it belongs near the front, because it changes what kind of investment this can be.

With roughly 1.45 lakh shares in existence, promoters holding about 74.82% through the Danish and Swiss parent entities, and a listing only on the BSE, the free float available to public shareholders is around 37,000 shares — a fraction of an already tiny number. The practical consequences are severe: daily traded volume can be a few hundred shares, the bid-offer spread can be wide in percentage terms, a modest buy order can move the price several percent, and exiting a position of any size during a weak market may take weeks rather than days.

This is not a reason to dismiss the company. It is a reason to treat any position as effectively illiquid capital, and to recognise that the price you see on screen may not be the price at which a meaningful quantity actually trades.

The parent relationship

Norican Global’s ownership brings the technology, the global product roadmap and the brand that make this franchise what it is. It also creates the structural consideration that accompanies every majority-foreign-owned Indian listed subsidiary.

Aspect of the parent relationship	Benefit to minority holders	Consideration
Technology access	Current global product range without local development cost	Terms are set within the group
Brand	DISA and Wheelabrator carry genuine weight with foundries	Value accrues partly to the parent
Royalty and related-party terms	Aligns the Indian arm with global standards	Payments reduce distributable profit
Capital allocation	Backing of a global group	Indian growth priorities set abroad
Corporate actions	Parents sometimes consolidate ownership	Delisting or open offers can arrive without warning

None of this implies anything improper, and DISA India has a long record as a listed entity. It does mean that a minority shareholder should read the related-party disclosures each year rather than skim them, because the split of economics between the Indian company and its parent is a real determinant of per-share returns.

Return ratios and the dividend

Quality measure	6 August 2026 value	Reading
Return on equity	19.66%	Good, on a large equity base
Return on capital employed	26.63%	Above the 25.31% five-year average
Operating margin	15.73%	Typical for capital goods with an aftermarket
Five-year sales CAGR	18.10%	Solid, cycle-assisted
Five-year profit CAGR	18.48%	Matched by sales — no margin inflation
Dividend yield	About 1.71%	The highest in this batch
Promoter pledge	0%	No pledged holding at the cut-off

Two things stand out. Profit growth of 18.48% almost exactly matches sales growth of 18.10%, meaning the earnings record is not the product of a margin expansion that has to keep going. And the dividend yield of 1.71% is the highest in this batch — a foundry equipment maker returning cash rather than hoarding it, which fits a mature franchise with a global parent.

Valuation at the fixed price

At ₹11,692.80 the shares traded at roughly 30.2 times trailing earnings and 5.6 times book. The 52-week range ran ₹10,414.00 to ₹14,693.00, so the cut-off price sat about 20% below the high.

Valuation metric	6 August 2026 value	Basis
Share price	₹11,692.80	Exchange close on the cut-off date
Reconciled market capitalisation	₹1,699 Cr	Price times about 0.1453 crore shares
Recalculated P/E	30.22×	₹11,692.80 divided by trailing EPS of ₹386.90
Recalculated price to book	5.57×	₹11,692.80 divided by ₹2,099.30 book value per share
Recalculated PEG	About 1.64	P/E divided by the 18.48% five-year profit CAGR
Dividend yield	About 1.71%	On roughly ₹199.52 per share
52-week range	₹10,414.00 – ₹14,693.00	Cut-off price about 20% below the high

Thirty times earnings is a full multiple for a capital goods company, even a good one with an aftermarket annuity. The PEG near 1.64 says the market is paying comfortably ahead of the historical growth rate. Set that against a quarter that just showed profit falling on rising revenue, and the case for patience is straightforward.

The valuation fields available were captured on a different day from the price we fixed, so market capitalisation and all per-share ratios above were recomputed against the same ₹11,692.80 close and roughly 0.1453 crore shares.

Valuation framework

The model compounds trailing EPS of ₹386.90 from the cut-off, applying 147/365 of a year’s growth to the 2026 row and one further full year to each later row, then an exit price-to-earnings multiple. Values round to the nearest ₹5 and exclude dividends.

Scenario	Annual EPS growth	Exit P/E	Operating interpretation
Bear	8%	22×	Foundry capex cools, mix stays equipment-heavy, margin pressure persists
Base	13%	30×	Aftermarket holds, growth moderates, the rating is broadly maintained
Bull	18%	38×	Foundry modernisation accelerates and the aftermarket share rises

The growth assumptions here are the most conservative in this batch relative to the company’s own history, because a business whose profit growth has tracked its sales growth has less scope to surprise on margin than one whose margin has been expanding.

DISA India share price target 2026 to 2030

The grid above resolves those assumptions into yearly values. Given how thin the trading is, the practical caveat is unusually strong here: the prices in that table describe where value might sit, not where a shareholder could necessarily transact in size.

What would change the thesis

The case strengthens if the aftermarket share of revenue grows and is disclosed, if margin recovers as mix normalises, if Indian foundry modernisation and automation demand accelerates on the back of automotive and engineering capex, and if the dividend continues to rise alongside earnings.

It weakens if margin compression persists across several quarters, if foundry capital expenditure slows, if related-party charges rise as a share of profit, or if the equipment-heavy mix that produced the recent quarter becomes the norm rather than the exception.

Quarterly monitoring scorecard

Question	Constructive evidence	Warning sign
Is margin recovering?	Profit growth catches up with revenue growth	Further quarters of revenue up, profit down
Is the aftermarket growing?	Spares and service disclosed and rising	Revenue increasingly equipment-only
Is the cycle intact?	Foundry and casting capex announcements continue	Order deferrals across capital goods peers
Are parent terms stable?	Related-party charges flat as a share of revenue	Royalty or service charges rising
Is capital productive?	ROCE holds above the 25.31% five-year mean	Reversion below the long-run average
Is the payout maintained?	Dividend rises with earnings	Payout cut without a reinvestment case

What to weigh at the current price

DISA India is a quietly excellent business: a dominant technology position in Indian foundry equipment, an installed base that produces recurring aftermarket revenue, returns on capital in the mid-twenties, growth that has come from volume rather than margin, and the highest dividend yield in this batch. Over a long holding period, franchises like this tend to reward patience.

What argues against acting now is the combination of a full 30 times multiple, a margin record that has wobbled within the cycle, and a share register so small that the position would be genuinely difficult to exit. The first two would be a reason to be selective about entry. The third means an investor should only consider this with capital that can sit still for years, and should assume the quoted price overstates the realisable one. Our position is to keep it on the list and look for a materially better entry, ideally with evidence that the aftermarket mix has reasserted itself.

FAQ

What is the DISA India share price target for 2030?

The grid above gives bear, base and bull values from trailing EPS, a growth assumption and an exit multiple. Given the extremely thin trading, treat those figures as an estimate of value rather than of achievable transaction prices.

What does DISA India manufacture?

Green-sand moulding machines and lines, sand plants and core-making equipment for iron and steel foundries, along with Wheelabrator-branded surface preparation equipment, plus the spares and service that support the installed base.

Who owns DISA India?

It is the Indian arm of Norican Global, the Danish group behind the DISA and Wheelabrator brands. That brings technology and brand, and it also means related party terms and parent priorities matter to minority shareholders.

Why is liquidity such a concern?

Because roughly 1.45 lakh shares exist in total and the stock lists only on the BSE. Daily volume can be a few hundred shares, so buying or selling any meaningful quantity can move the price substantially.

What is the biggest risk in DISA India shares?

A combination of capital goods cyclicality and illiquidity. Foundry capital expenditure can pause, and a shareholder wanting to exit during that pause may find very little on the other side of the trade.

When does DISA India report its next result?

Check the results calendar and confirm the board-meeting date from the company’s own BSE filing before relying on any estimate.

Related research

• Vesuvius India share price target
• AIA Engineering share price target
• Grindwell Norton share price target

Sources and methodology

• DISA India on Screener
• DISA India recent quarterly result analysis
• Norican Global business overview
• DISA foundry technology overview

Return and margin metrics are Screener figures captured on 6 August 2026, with price and the 52-week range from exchange closing data for that session; all per-share ratios were recomputed against the same price. The quarterly figures are quoted from the most recent result we could source and are described as a recent quarter rather than mapped to a specific fiscal label, because the published sources were not consistent on that mapping. The aftermarket revenue split is described structurally because the company does not disclose it separately. Figures were re-checked against Screener after first drafting, which supplied the June 2026 quarter and the FY26 annual position, superseded an earlier quarter used in the first draft, and surfaced the difference between the audited annual EPS and the trailing figure underpinning the scenario grid.

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This article is research and education, not personalised investment advice or a recommendation to transact. Gale is not a SEBI-registered investment adviser. Price targets are scenario arithmetic, not promises. Verify current filings, liquidity, corporate actions and suitability, and consult a registered adviser before acting.