Devine Impex Ltd (531585)
🎯 Key Takeaways
- Devine Impex Ltd appears to be a small-cap trading company operating in a mature or potentially distressed phase, with minimal revenue and profitability trends over the provided historical data. The company maintains a strong balance sheet with zero debt and low leverage, but its financial performance shows stagnation, with revenue and profit levels remaining flat over multiple quarters in 2012.
- Revenue grew 80% QoQ to ₹8 in Q3FY13.
- ⚠️ 1) Persistent lack of revenue and profit growth over the historical period raises concerns about business relevance or scalability. 2) Extremely low i
📖 The Story
Devine Impex Ltd appears to be a small-cap trading company operating in a mature or potentially distressed phase, with minimal revenue and profitability trends over the provided historical data. The company maintains a strong balance sheet with zero debt and low leverage, but its financial performance shows stagnation, with revenue and profit levels remaining flat over multiple quarters in 2012. There is no evidence of recent growth initiatives or operational expansion in the filings reviewed.
📰 What's Happening
The most recent disclosed activity is a routine board meeting on February 4, 2026, which contained no material announcements or strategic updates. There are no indications of new contracts, expansions, management changes, or capital allocation decisions in the latest filings. Shareholding patterns remain stable, with promoter holding unchanged at 34.54% and foreign institutional investors holding negligible stakes.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 |
|---|---|---|---|---|
| Revenue | 4 | 4 | 4 | 8 |
| Operating Profit | 1 | 1 | 1 | 1 |
| OPM % | 16.4% | 20.9% | 21.1% | 10.2% |
| Net Profit | 0 | 0 | 0 | 0 |
| EPS | ₹0.19 | ₹0.31 | ₹0.20 | ₹0.20 |
The company's quarterly financials from 2012 show flat revenue of ₹4–8 crores and negligible net profit, with operating margins fluctuating slightly but overall profitability remaining minimal. EPS has hovered near ₹0.2–0.31 over the period, indicating limited earnings generation. These trends suggest persistent operational stagnation without signs of improvement or scaling.
🔮 Management Outlook & What's Next
There is no available forward guidance or explicit outlook from management in the provided filing content. The February 4, 2026 board meeting summary indicates no strategic updates were shared, and no investor presentations or management commentary with future projections are referenced in the disclosed materials.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2012 | Mar 2013 | Mar 2018 |
|---|---|---|---|
| Equity Capital | 5 | 10 | 10 |
| Reserves | 1 | 5 | 6 |
| Borrowings | 19 | 19 | 0 |
| Total Liabilities | 30 | 38 | 15 |
| Fixed Assets | 1 | 1 | 0 |
| Investments | 0 | 0 | 6 |
| Total Assets | 30 | 38 | 15 |
The balance sheet reflects a conservative capital structure with no borrowings and equity of ₹10 crore growing modestly to ₹10 crore with reserves increasing to ₹6 crore by 2018. Total assets have declined significantly from ₹38 crore in 2013 to ₹15 crore in 2018, suggesting asset reduction or potential accounting reclassification, but no capital expenditure or investment activity is disclosed in the cash flow data.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2018 |
|---|---|
| Operating | -0 |
| Investing | 0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 34.5% | 34.5% | 34.5% | 34.5% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 17.9% | 17.9% | 17.7% | 17.7% |
| # Shareholders | 2,719 | 2,702 | 2,695 | 2,675 |
Institutional ownership remains extremely low, with FII holding just 0.02% and DII at 0.02% in Q1FY27, showing no accumulation trend. Promoter holding is stable at 34.54% with no signs of dilution or sale. The shareholder base is fragmented, with over 2,600 public shareholders, indicating retail dispersion without significant foreign or domestic institutional interest.
⚖️ Peer Comparison — Trading
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ADANIENT | 3.95 L Cr | 45.3 | 10.9% | 9.1% | 1.09 |
| PREMIERENE | 46,303 | 27.4 | 50.0% | 59.3% | 0.67 |
| AEGISLOG | 44,419 | 35.5 | 24.6% | 24.4% | 0.40 |
| REDINGTON | 28,003 | 16.5 | 18.4% | 14.8% | 0.26 |
| HONASA | 15,677 | 62.9 | 28.3% | 21.1% | 0.00 |
| 504346 | 11,409 | — | -24.9% | -47.5% | 0.73 |
| LLOYDSENT | 11,031 | 36.0 | 7.0% | 5.7% | 0.17 |
| SGMART | 10,131 | 81.4 | 11.2% | 7.8% | 0.14 |
| MMTC | 9,345 | 20.9 | 42.4% | 26.3% | 0.00 |
| EBGNG | 6,975 | 49.5 | 31.3% | 62.9% | 1.92 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent lack of revenue and profit growth over the historical period raises concerns about business relevance or scalability. 2) Extremely low institutional interest may signal limited confidence or visibility in the company's prospects. 3) The decline in total assets from ₹38 crore to ₹15 crore without disclosed divestment or restructuring activities suggests potential operational contraction or asset write-downs not fully explained.
🧠 Analyst's Read
Devine Impex Ltd appears to be a dormant or shrinking entity with no visible catalysts for improvement. Investors should monitor for any future operational updates, margin improvements, or strategic shifts, but current indicators suggest limited upside without fundamental changes in business activity.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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