D-Link (India) Limited (DLINKINDIA) fair value: what the stock is really worth
We calculate from audited financials what D-Link (India) Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹91.96 – ₹668.00 · fair‑value band ₹239.18 – ₹850.41 · the ₹434.25 price screens below the ₹483.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
D-Link (India) Limited engages in the marketing and distribution of D-Link branded networking products for consumers, small businesses, medium to large-sized enterprises, and service providers in India. It offers home networking products, such as Wi-Fi systems, 4G/5G, cameras, smart home, switches, and adapters.
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D-Link (India) Limited engages in the marketing and distribution of D-Link branded networking products for consumers, small businesses, medium to large-sized enterprises, and service providers in India. It offers home networking products, such as Wi-Fi systems, 4G/5G, cameras, smart home, switches, and adapters. It also provides business networking products, including switches, wireless, nuclias, IP surveillance, industrial switches, and accessories. The company was formerly known as Smartlink Network Systems Limited. D-Link (India) Limited was founded in 1986 and is headquartered in Mumbai, India. D-Link (India) Limited is a subsidiary of D-Link Holding Mauritius, Inc.
Stock analysis
D-Link (India) Limited (DLINKINDIA) currently trades at ₹434.25, while our model-based Fair Value estimate is ₹483.34, implying the stock looks roughly 10.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹673.26 per share, and 14 of the 25 models we run sit above the ₹434.25 price.
Bear case: the Asset-Based group reads lowest at ₹95.43, and 11 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹239.18 (bear) to ₹850.41 (bull), the price of ₹434.25 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
D-Link (India) Limited reported revenue of ₹15.7B in FY2026 versus ₹9.2B in FY2022, a compound +14.3%/yr. Reported net income was ₹1.0B in FY2026, compounding +25.2%/yr from FY2022.
Key figures
Market cap ₹18.5B (≈ $194M) · P/E ratio 14.8 · P/S ratio 0.98 · EPS (TTM) ₹29.31 · Dividend yield 6.0% · Net margin 6.6% · Return on equity 21.2% · Return on assets (EBIT) 15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at 11%, DLINKINDIA screens cheaper than that median.
Fair Value models
Bear ₹239.18Fair Value ₹483.34Bull ₹850.41
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹1.51 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.6%
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+30.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.2%
Dividend (yield on the price)6.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24% vs 17%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 8%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+51.1%
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Communication Equipment · 301 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+7% · Above median
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets10% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)6.0% · Top 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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Is D-Link (India) Limited (DLINKINDIA) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹483.34 versus a price of ₹434.25, about +11% upside (undervalued).
What is the fair value of DLINKINDIA?
Our model-based fair value for D-Link (India) Limited is ₹483.34 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹434.25.
What is the quality score of DLINKINDIA?
D-Link (India) Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for D-Link (India) Limited (DLINKINDIA)?
Our model-based price target is the fair value of ₹483.34 (as of Sep 13, 2026) from 25 valuation models. Cautious scenario ₹239.18, optimistic scenario ₹850.41. It is a calculation from audited fundamentals, not an analyst target.
What is the D-Link (India) Limited stock forecast for 2026?
Our models put fair value at ₹483.34, about +11% upside versus a price of ₹434.25 (undervalued). Cautious scenario ₹239.18, optimistic scenario ₹850.41. The calculation is refreshed regularly with new filings.
What is the revenue of D-Link (India) Limited (DLINKINDIA)?
D-Link (India) Limited reported trailing-twelve-month revenue of about ₹15.7B (latest available figure, as of Sep 13, 2026).
Does D-Link (India) Limited pay a dividend?
D-Link (India) Limited currently shows a dividend yield of about 5.99% relative to its recent price (as of Sep 13, 2026).
What growth is priced into D-Link (India) Limited (DLINKINDIA)?
For today's price to be fair in a discounted-cash-flow model, D-Link (India) Limited would have to grow free cash flow by +51.1 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.6 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of DLINKINDIA use?
Our models discount D-Link (India) Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.26, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For D-Link (India) Limited that is +51.1 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has D-Link (India) Limited (DLINKINDIA) delivered so far?
Over the past 5 years revenue at D-Link (India) Limited grew +16.6 % a year. The price currently implies +51.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of D-Link (India) Limited (DLINKINDIA) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into D-Link (India) Limited (+51.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of D-Link (India) Limited (DLINKINDIA)?
The free-cash-flow yield on the price is 0.97 %: that much free cash flow D-Link (India) Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of D-Link (India) Limited (DLINKINDIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For D-Link (India) Limited it is ₹483.34 per share (as of Sep 13, 2026), against a price of ₹434.25. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is D-Link (India) Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, DLINKINDIA trades below its calculated fair value: price ₹434.25, fair value ₹483.34, a gap of about +11% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DLINKINDIA?
No. The price is what the market pays today (₹434.25); the fair value is what the company's own numbers justify (₹483.34). For D-Link (India) Limited the two are ₹49.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is D-Link (India) Limited worth?
The market values D-Link (India) Limited at about ₹18.5B (market capitalisation, as of Sep 13, 2026). Per share that is ₹434.25; our models calculate a fair value of ₹483.34 per share.
What do the bullish and bearish scenarios say about DLINKINDIA?
Our models span a range for D-Link (India) Limited: cautious scenario ₹239.18, base ₹483.34, optimistic ₹850.41 per share (as of Sep 13, 2026, price ₹434.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DLINKINDIA?
D-Link (India) Limited trades at a price-to-earnings ratio of 14.8 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹483.34 is built from several models across several years. Other multiples: P/B 3.7, P/S 1.2, EV/EBITDA 14.2.
How solid is the balance sheet of D-Link (India) Limited (DLINKINDIA)?
Balance-sheet figures for D-Link (India) Limited (as of Sep 13, 2026): return on equity 21.2%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is DLINKINDIA from its 52-week high?
D-Link (India) Limited trades at ₹434.25, about 23% below its 52-week high of ₹566.62 and 18% above the low of ₹367.65 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹483.34 is for.
Which stocks are comparable to D-Link (India) Limited?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is D-Link (India) Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹434.25, calculated fair value ₹483.34 (+11%), Quality Score 63/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DLINKINDIA calculated?
We run D-Link (India) Limited through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹483.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. D-Link (India) Limited currently trades 11 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with D-Link (India) Limited right now?
The model range is unusually wide (₹239.18 to ₹850.41). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of D-Link (India) Limited (DLINKINDIA) come from?
Earnings per share at D-Link (India) Limited grew +20.5 % a year from 2016 to 2026. Broken into its drivers: revenue per share +8.1 %, EBIT margin +7.6 %, tax rate +1.7 %, residual (interest, one-offs) +1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of D-Link (India) Limited
How large is the market capitalisation of D-Link (India) Limited (DLINKINDIA)?
The market capitalisation of D-Link (India) Limited is ₹18.5B (≈ $194M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of D-Link (India) Limited (DLINKINDIA)?
The price-to-sales ratio of D-Link (India) Limited is 0.98 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of D-Link (India) Limited (DLINKINDIA)?
Earnings per share at D-Link (India) Limited are ₹29.31 (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of D-Link (India) Limited (DLINKINDIA)?
The dividend yield of D-Link (India) Limited is 6.0% (payout 88.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of D-Link (India) Limited (DLINKINDIA)?
The net margin of D-Link (India) Limited is 6.6% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of D-Link (India) Limited (DLINKINDIA)?
The return on equity (ROE) of D-Link (India) Limited is 21.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of D-Link (India) Limited (DLINKINDIA)?
On an EBIT basis the return on assets of D-Link (India) Limited is 15.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of D-Link (India) Limited (DLINKINDIA)?
The operating margin of D-Link (India) Limited is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at D-Link (India) Limited (DLINKINDIA)?
Revenue at D-Link (India) Limited is growing +20.0% versus a year earlier (3y avg +9.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at D-Link (India) Limited (DLINKINDIA)?
Earnings per share at D-Link (India) Limited are growing +0.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does D-Link (India) Limited (DLINKINDIA) hold?
D-Link (India) Limited holds more cash than debt, ₹513M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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