Diamond Power Infrastructure Ltd (DPIL), based in Vadodara, Gujarat, is a prominent integrated power transmission and distribution solutions provider in India. Established in 1971 by Mr. S.N. Bhatnagar as Diamond Cables, the company has evolved significantly over the decades, diversifying its offerings and enhancing its capabilities to cater to the growing demands of the power sector. DPIL specializes in a broad spectrum of products, including conductors, cables, transmission towers, and EPC (Engineering, Procurement, and Construction) services, marketed under the well-recognized brand name DIACABS. These solutions are pivotal in supporting utilities like refineries, cement plants, power stations, engineering industries, and pharmaceutical units, positioning the company as a reliable partner in India’s industrial and infrastructural development.
The company boasts advanced manufacturing facilities in Vadodara, complemented by a robust distribution network across 16 Indian states, ensuring timely delivery and accessibility of its products. Under the leadership of experienced professionals like Chairman Mr. S.N. Bhatnagar and Executive Director and CFO Mr. Pawan Lohiya, DPIL has witnessed consistent growth driven by substantial orders and high-value projects. Its strategic focus on quality, innovation, and customer-centric solutions has enabled it to maintain a strong market presence. By leveraging its comprehensive product portfolio and technical expertise, DPIL continues to play a vital role in shaping India’s power transmission and distribution landscape.
Latest News on Diamond Power Infrastructure
Diamond Power Infrastructure Ltd (DPIL) has announced a stock split in the ratio of 1:10, set to take effect on December 3, 2024. This strategic move will subdivide each existing share into ten shares, increasing the number of outstanding shares while reducing the face value proportionally. The stock split is aimed at enhancing liquidity and making the shares more accessible to a broader range of investors. This announcement follows an exceptional performance by DPIL in the stock market, with its shares delivering returns of over 1,000% in the past year, underscoring the company’s commitment to rewarding shareholders and sustaining its growth momentum.
Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
Promoters + | 11.41% | 11.41% | 94.88% | 90.59% | 90.59% |
FIIs + | 0.77% | 0.77% | 0.03% | 0.08% | 0.03% |
DIIs + | 66.65% | 57.91% | 0.00% | 0.00% | 0.00% |
Public + | 21.17% | 29.92% | 5.10% | 9.34% | 9.39% |
No. of Shareholders | 18,655 | 18,064 | 17,569 | 18,569 | 23,113 |
The shareholding pattern of Diamond Power Infrastructure Ltd (DPIL) has undergone significant changes over the past year, reflecting shifts in ownership among different categories of shareholders. As of September 2023, promoters held an 11.41% stake, which remained unchanged until December 2023. However, by March 2024, their holding surged dramatically to 94.88% and then slightly reduced to 90.59% by June 2024, maintaining this level through September 2024.
The involvement of institutional investors has seen contrasting trends. Foreign Institutional Investors (FIIs) held a minimal 0.77% stake in both September and December 2023, which dropped further to 0.03% in March 2024, showing minor fluctuations thereafter. Domestic Institutional Investors (DIIs) held a dominant 66.65% stake in September 2023, which declined to 57.91% in December 2023 and was entirely absent from March 2024 onward. Public shareholding increased notably from 21.17% in September 2023 to 29.92% in December 2023 but saw a drop to 5.10% in March 2024 before stabilizing around 9.39% by September 2024. The number of shareholders also rose significantly, from 18,655 in September 2023 to 23,113 by September 2024, highlighting growing retail participation in Diamond Power Infrastructure.
Below are the trading platforms that you can use to purchase Diamond Power Infrastructure shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
January 2025 | 175.99 | 135.38 |
February 2025 | 177.77 | 136.74 |
March 2025 | 181.50 | 139.62 |
April 2025 | 179.70 | 138.23 |
May 2025 | 174.47 | 134.21 |
June 2025 | 182.32 | 140.25 |
July 2025 | 178.74 | 137.50 |
August 2025 | 184.27 | 141.75 |
September 2025 | 186.48 | 143.45 |
October 2025 | 191.33 | 147.18 |
November 2025 | 196.12 | 150.86 |
December 2025 | 204.94 | 157.65 |
As we step into 2025, Diamond Power Infrastructure’s share price is projected to range between ₹175.99 and ₹135.38 in January, gradually rising to ₹204.94 and ₹157.65 by December.
When | Maximum Price | Minimum Price |
January 2026 | 211.09 | 162.38 |
February 2026 | 205.81 | 158.32 |
March 2026 | 209.93 | 161.48 |
April 2026 | 214.21 | 164.78 |
May 2026 | 212.09 | 163.15 |
June 2026 | 217.39 | 167.23 |
July 2026 | 213.13 | 163.95 |
August 2026 | 219.72 | 169.02 |
September 2026 | 224.12 | 172.40 |
October 2026 | 229.94 | 176.88 |
November 2026 | 235.69 | 181.30 |
December 2026 | 241.59 | 185.84 |
As we move into 2026, Diamond Power Infrastructure’s share price is anticipated to start the year with a range of ₹211.09 to ₹162.38 in January. Over the months, the prices are expected to exhibit a consistent upward trend, reaching ₹241.59 as the maximum and ₹185.84 as the minimum by December.
When | Maximum Price | Minimum Price |
January 2027 | 244.00 | 187.69 |
February 2027 | 250.26 | 192.51 |
March 2027 | 260.02 | 200.01 |
April 2027 | 254.92 | 196.09 |
May 2027 | 247.50 | 190.38 |
June 2027 | 258.63 | 198.95 |
July 2027 | 253.56 | 195.05 |
August 2027 | 261.40 | 201.08 |
September 2027 | 270.55 | 208.12 |
October 2027 | 277.59 | 213.53 |
November 2027 | 284.53 | 218.87 |
December 2027 | 291.64 | 224.34 |
When | Maximum Price | Minimum Price |
January 2028 | 297.47 | 228.82 |
February 2028 | 305.10 | 234.69 |
March 2028 | 317.00 | 243.85 |
April 2028 | 310.78 | 239.06 |
May 2028 | 301.73 | 232.10 |
June 2028 | 315.31 | 242.55 |
July 2028 | 309.13 | 237.79 |
August 2028 | 318.69 | 245.14 |
September 2028 | 329.84 | 253.72 |
October 2028 | 338.42 | 260.32 |
November 2028 | 346.88 | 266.83 |
December 2028 | 355.55 | 273.50 |
When | Maximum Price | Minimum Price |
January 2029 | 362.66 | 278.97 |
February 2029 | 371.96 | 286.12 |
March 2029 | 386.47 | 297.28 |
April 2029 | 378.89 | 291.45 |
May 2029 | 367.85 | 282.96 |
June 2029 | 384.41 | 295.70 |
July 2029 | 376.87 | 289.90 |
August 2029 | 388.52 | 298.86 |
September 2029 | 402.12 | 309.33 |
October 2029 | 412.58 | 317.37 |
November 2029 | 422.89 | 325.30 |
December 2029 | 433.46 | 333.43 |
When | Maximum Price | Minimum Price |
January 2030 | 442.13 | 340.10 |
February 2030 | 453.47 | 348.82 |
March 2030 | 471.16 | 362.43 |
April 2030 | 461.92 | 355.32 |
May 2030 | 448.46 | 344.97 |
June 2030 | 468.64 | 360.50 |
July 2030 | 459.46 | 353.43 |
August 2030 | 473.67 | 364.36 |
September 2030 | 490.24 | 377.11 |
October 2030 | 502.99 | 386.92 |
November 2030 | 515.56 | 396.59 |
December 2030 | 528.45 | 406.50 |
As we progress through 2030, Diamond Power Infrastructure’s stock prices are projected to exhibit a strong upward trajectory. Starting in January, the maximum price is expected to reach ₹442.13, with a minimum of ₹340.10. The prices are anticipated to steadily climb, hitting significant milestones such as ₹502.99 in October and ₹515.56 in November. By December, the year is forecasted to close on a strong note, with the maximum price at ₹528.45 and the minimum at ₹406.50.
Financial Condition of Diamond Power Infrastructure
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2024 | |
Sales + | 3,153 | 2,778 | 2,235 | 1,131 | 343 |
Expenses + | 2,871 | 2,715 | 2,242 | 1,778 | 301 |
Operating Profit | 282 | 63 | -8 | -647 | 43 |
OPM % | 9% | 2% | 0% | -57% | 12% |
Other Income + | 8 | -15 | 15 | 125 | 0 |
Interest | 123 | 177 | 235 | 191 | 7 |
Depreciation | 36 | 51 | 58 | 94 | 20 |
Profit before tax | 131 | -179 | -286 | -808 | 17 |
Tax % | 15% | 3% | -5% | -2% | -1% |
Net Profit + | 111 | -184 | -273 | -805 | 17 |
EPS in Rs | 2.05 | -3.42 | -4.79 | -2.98 | 0.32 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Diamond Power Infrastructure’s financial performance over the years reflects a journey of challenges and gradual recovery. In the early years, from March 2014 to March 2017, the company faced a significant decline in sales, dropping from ₹3,153 crore in 2014 to ₹1,131 crore in 2017. This contraction in revenue was coupled with rising expenses, which led to operating losses by 2016, with the Operating Profit Margin (OPM) plunging to -57% in 2017. Despite efforts to generate additional income, such as a spike in other income to ₹125 crore in 2017, high interest costs and depreciation resulted in consecutive losses. Net profit during this period fell sharply, with the company recording a loss of ₹805 crore in 2017.
However, as of March 2024, Diamond Power Infrastructure has shown signs of a turnaround. Sales have stabilized at ₹343 crore, while expenses have been effectively managed at ₹301 crore, resulting in an operating profit of ₹43 crore and an improved OPM of 12%. Interest and depreciation expenses have also been significantly reduced, contributing to a modest net profit of ₹17 crore. Though the company’s earnings per share (EPS) remain low at ₹0.32 and dividend payouts are yet to resume, these improvements indicate steps towards rebuilding financial stability and investor confidence.
FAQS
As of 4th January 2025, the current share price of Diamond Power Infrastructure is ₹151.
Diamond Power Infrastructure share prices ranging from a projected high of ₹204.94 to an anticipated low of ₹134.21.
The expected maximum price prediction for 2030 is ₹528.45.
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Conclusion
Diamond Power Infrastructure Ltd (DPIL) has shown a remarkable recovery, moving from significant losses in 2017 to achieving positive financial performance in 2024. With stabilized sales, controlled expenses, and an operating profit, the company is on a strong growth trajectory. The recent stock split and impressive stock market performance, delivering over 1,000% returns, reflect increased investor confidence. The company’s focus on innovation, quality, and its crucial role in India’s power transmission sector positions it well for continued success. Looking ahead, DPIL’s projected share price targets for 2025 and beyond show consistent growth, reinforcing its potential for long-term investor value.
What did we learn?
- 1 Latest News on Diamond Power Infrastructure
- 2 Shareholdings Patterns of Diamond Power Infrastructure
- 3 How to purchase Diamond Power Infrastructure shares?
- 4 Diamond Power Infrastructure Share Price Target: 2025, 2026 to 2030
- 4.1 Diamond Power Infrastructure Share Price Target 2025
- 4.2 Diamond Power Infrastructure Share Price Prediction 2026
- 4.3 Diamond Power Infrastructure Share Price Target 2027
- 4.4 Diamond Power Infrastructure Share Price Prediction 2028
- 4.5 Diamond Power Infrastructure Share Price Target 2029
- 4.6 Diamond Power Infrastructure Share Price Target 2030
- 5 Financial Condition of Diamond Power Infrastructure
- 6 FAQS
- 7 Conclusion