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Last Updated: April 2, 2026, 4:26 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539770 | NSE: DARJEELING

Darjeeling Ropeway Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹15.27Overvalued by 50.10%vs CMP ₹30.60

P/E (19.9) × ROE (5.5%) × BV (₹17.10) × DY (2.00%)

₹23.94Overvalued by 21.76%vs CMP ₹30.60
MoS: -27.8% (Negative)Confidence: 43/100 (Low)Models: 1 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹27.9730%Fair (-8.6%)
Graham NumberEarnings₹32.1118%Fair (+4.9%)
DCFCash Flow₹37.6915%Under (+23.2%)
Net Asset ValueAssets₹10.5310%Over (-65.6%)
Earnings YieldEarnings₹26.8010%Over (-12.4%)
ROCE CapitalReturns₹3.0010%Over (-90.2%)
Revenue MultipleRevenue₹1.167%Over (-96.2%)
Consensus (7 models)₹23.94100%Overvalued
Key Drivers: EPS CAGR 83.2% lifts DCF — verify sustainability. | Wide model spread (₹1–₹38) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 83.2%

*Investments are subject to market risks

Investment Snapshot

53
Darjeeling Ropeway Company Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 2.1% WeakROE 5.5% WeakD/E 0.33 ModerateInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money15/100 · Weak
FII holding down -2.11% (6mo) SellingPromoter decreased by 1.99% Caution
Earnings Quality50/100 · Moderate
OPM contracting (0% → -8%) DecliningWorking capital: -2,046 days (improving) Efficient
Quarterly Momentum100/100 · Strong
Revenue (4Q): +378% YoY AcceleratingProfit (4Q): +764% YoY StrongOPM: 56.5% (up 56.5% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 19.9 vs industry 36.6 Cheaper than peersROCE 2.1% vs industry 16.4% Below peersROE 5.5% vs industry 21.4% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Darjeeling Ropeway Company Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 19.9 vs Ind 36.6 | ROCE 2.1% | ROE 5.5% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.33x | IntCov 0.0x | Current 2.52x | Borrow/Reserve 0.00x
Cash Flow Reliability
86/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹0 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.31 pp | DII N/A | Prom -1.99 pp
Business Momentum
+87
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +41.7% | Q NP +40.0% | Q OPM -0.8 pp
Derived FieldValueHow it is derived
Valuation Gap %-21.8%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.31 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change-1.99 ppLatest promoter% minus previous promoter%
Shareholder Count Change-215Latest shareholder count minus previous count
Quarterly Sales Change+41.7%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+40.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-0.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:26 am

Market Cap 24.1 Cr.
Current Price 30.6
Intrinsic Value₹23.94
High / Low 75.5/23.2
Stock P/E19.9
Book Value 17.1
Dividend Yield0.00 %
ROCE2.10 %
ROE5.50 %
Face Value 10.0
PEG Ratio0.24

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Darjeeling Ropeway Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Darjeeling Ropeway Company Ltd 24.1 Cr. 30.6 75.5/23.219.9 17.10.00 %2.10 %5.50 % 10.0
Kaushalya Infrastructure Development Corpn Ltd 27.4 Cr. 792 1,842/75019.7 2,2470.00 %6.33 %7.19 % 1,000
Arihant Superstructures Ltd 878 Cr. 203 468/18819.3 81.20.74 %11.1 %18.8 % 10.0
Hubtown Ltd 2,647 Cr. 186 366/15020.5 1840.00 %8.13 %2.41 % 10.0
Nila Spaces Ltd 519 Cr. 13.2 20.5/10.621.6 3.900.00 %24.2 %10.3 % 1.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Darjeeling Ropeway Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.000.000.000.000.000.910.000.000.000.001.802.55
Expenses 0.000.050.020.010.000.020.490.100.050.510.150.771.11
Operating Profit 0.00-0.05-0.02-0.010.00-0.020.42-0.10-0.05-0.51-0.151.031.44
OPM % 46.15%57.22%56.47%
Other Income 0.000.030.000.000.000.000.000.000.000.000.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.010.030.030.04
Profit before tax 0.00-0.02-0.02-0.010.00-0.020.42-0.10-0.05-0.52-0.181.001.40
Tax % -50.00%0.00%0.00%0.00%26.19%0.00%0.00%-19.23%0.00%25.00%25.00%
Net Profit 0.00-0.02-0.01-0.010.00-0.020.31-0.10-0.05-0.42-0.170.751.05
EPS in Rs 0.00-0.07-0.03-0.030.00-0.071.02-0.33-0.16-1.38-0.562.462.16

Last Updated: February 2, 2026, 10:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:05 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.031.251.390.470.984.890.280.260.000.000.000.914.35
Expenses 0.011.201.520.110.314.470.290.070.090.070.041.062.54
Operating Profit 0.020.05-0.130.360.670.42-0.010.19-0.09-0.07-0.04-0.151.81
OPM % 66.67%4.00%-9.35%76.60%68.37%8.59%-3.57%73.08%-16.48%41.61%
Other Income -0.020.000.000.010.040.830.000.000.280.070.000.000.00
Interest 0.000.000.000.000.020.020.000.180.140.000.000.100.00
Depreciation 0.000.030.000.000.000.000.020.020.020.000.000.010.11
Profit before tax 0.000.02-0.130.370.691.23-0.03-0.010.030.00-0.04-0.261.70
Tax % 100.00%0.00%18.92%21.74%28.46%0.00%0.00%0.00%0.00%3.85%
Net Profit 0.000.00-0.130.300.540.88-0.03-0.010.040.00-0.04-0.271.21
EPS in Rs 0.000.00-0.430.981.772.89-0.10-0.030.130.00-0.13-0.892.68
Dividend Payout % 0.00%0.00%0.00%8.66%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232024-2025
YoY Net Profit Growth (%)330.77%80.00%62.96%-103.41%66.67%500.00%-100.00%-575.00%
Change in YoY Net Profit Growth (%)0.00%-250.77%-17.04%-166.37%170.08%433.33%-600.00%-475.00%

Darjeeling Ropeway Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:27%
3 Years:%
TTM:-100%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-364%
Stock Price CAGR
10 Years:%
5 Years:73%
3 Years:143%
1 Year:693%
Return on Equity
10 Years:3%
5 Years:-1%
3 Years:-2%
Last Year:-6%

Last Updated: September 5, 2025, 3:06 pm

Balance Sheet

Last Updated: December 4, 2025, 2:42 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.053.053.053.053.053.053.053.053.053.053.053.053.05
Reserves 0.360.360.220.511.061.841.811.811.841.841.981.735.24
Borrowings 0.000.000.000.000.170.641.821.621.570.184.181.260.00
Other Liabilities 0.011.030.000.660.165.310.560.560.460.350.186.245.65
Total Liabilities 0.424.443.274.224.4410.847.247.046.925.429.3912.2813.94
Fixed Assets 0.000.000.000.260.260.050.040.020.000.000.000.560.65
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.290.580.651.050.320.000.000.000.000.000.000.001.42
Other Assets 0.133.862.622.913.8610.797.207.026.925.429.3911.7211.87
Total Assets 0.424.443.274.224.4410.847.247.046.925.429.3912.2813.94

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.02-1.67-0.560.201.68-0.320.70-0.19-0.32-0.18-4.5012.10
Cash from Investing Activity + 0.02-0.38-0.06-0.461.590.53-0.00-0.00-0.00-0.00-0.49-7.85
Cash from Financing Activity + -0.002.84-0.110.35-3.09-0.43-0.790.260.321.184.00-2.92
Net Cash Flow -0.000.79-0.720.090.17-0.23-0.090.07-0.001.00-0.991.32
Free Cash Flow -0.02-1.67-0.560.201.68-0.370.70-0.19-0.32-0.18-4.5011.53
CFO/OP -100%-3,320%408%75%270%-10%-7,100%-89%344%243%11,700%-8,060%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.020.05-0.130.360.50-0.22-1.83-1.43-1.66-0.25-4.22-1.41

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 730.00840.96105.04372.7737.24410.53104.29112.310.00
Inventory Days 0.000.000.00231.46
Days Payable 0.00
Cash Conversion Cycle 730.00840.96105.04372.7737.24410.53104.29112.31231.46
Working Capital Days 1,338.33592.76666.981,623.091,303.57395.603,363.215,699.62-2,045.60
ROCE %0.00%1.05%-3.89%10.83%18.11%25.48%-0.49%2.58%2.63%0.00%-0.56%-2.10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jan 2026
Promoters 8.29%8.29%8.29%8.29%8.29%8.29%8.29%8.29%8.29%8.29%5.21%3.22%
FIIs 0.00%0.00%0.00%0.00%0.00%3.28%3.28%2.62%2.62%1.31%0.82%0.51%
Public 91.71%91.71%91.71%91.71%91.71%88.44%88.42%89.10%89.09%90.40%93.96%96.27%
No. of Shareholders 3,0743,0743,0743,1203,1222,9752,9633,0042,9962,9452,8752,660

Shareholding Pattern Chart

No. of Shareholders

Darjeeling Ropeway Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -0.88-0.13-0.010.11-0.02
Diluted EPS (Rs.) -0.88-0.13-0.010.11-0.02
Cash EPS (Rs.) -0.83-0.13-0.010.160.03
Book Value[Excl.RevalReserv]/Share (Rs.) 15.6616.5016.0416.0515.93
Book Value[Incl.RevalReserv]/Share (Rs.) 15.6616.5016.0416.0515.93
Revenue From Operations / Share (Rs.) 2.980.000.000.000.00
PBDIT / Share (Rs.) -0.81-0.130.000.620.64
PBIT / Share (Rs.) -0.84-0.130.000.560.58
PBT / Share (Rs.) -0.84-0.130.000.11-0.01
Net Profit / Share (Rs.) -0.87-0.13-0.010.11-0.01
PBDIT Margin (%) -27.230.000.000.000.00
PBIT Margin (%) -28.430.000.000.000.00
PBT Margin (%) -28.430.000.000.000.00
Net Profit Margin (%) -29.320.000.000.000.00
Return on Networth / Equity (%) -5.58-0.81-0.050.71-0.10
Return on Capital Employeed (%) -5.40-0.440.003.293.42
Return On Assets (%) -2.17-0.43-0.040.50-0.07
Long Term Debt / Equity (X) 0.000.830.030.030.03
Total Debt / Equity (X) 0.260.830.030.320.33
Asset Turnover Ratio (%) 0.080.000.000.000.00
Current Ratio (X) 0.5149.2432.492.712.52
Quick Ratio (X) 0.4749.2432.492.712.52
Interest Coverage Ratio (X) 0.000.00-3.001.361.07
Interest Coverage Ratio (Post Tax) (X) 0.000.00-24.001.250.97
Enterprise Value (Cr.) 8.975.450.232.642.68
EV / Net Operating Revenue (X) 9.860.000.000.000.00
EV / EBITDA (X) -36.18-134.29-774.8313.9413.62
MarketCap / Net Operating Revenue (X) 10.050.000.000.000.00
Price / BV (X) 1.920.270.230.230.23
Price / Net Operating Revenue (X) 10.060.000.000.000.00
EarningsYield -0.02-0.020.000.020.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Darjeeling Ropeway Company Ltd. is a Public Limited Listed company incorporated on 16/10/1936 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45202MH1936PLC294011 and registration number is 294011. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 0.91 Cr. and Equity Capital is Rs. 3.05 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering104, Floor-1, Shreeji Darshan, Tata Road No. 2, Mumbai Maharashtra 400004Contact not found
Management
NamePosition Held
Mr. Premaram Jaitaram PatelNon Exe. & Ind. Director
Mr. Pranav VajaniNon Exe. & Ind. Director
Mr. Ashok Dilipkumar JainManaging Director
Mr. Viha Ashok JainNon Exe.Non Ind.Director
Mr. Pradeep SutodiyaNon Exe. & Ind. Director

FAQ

What is the intrinsic value of Darjeeling Ropeway Company Ltd and is it undervalued?

As of 05 April 2026, Darjeeling Ropeway Company Ltd's intrinsic value is ₹23.94, which is 21.76% lower than the current market price of ₹30.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.50 %), book value (₹17.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Darjeeling Ropeway Company Ltd?

Darjeeling Ropeway Company Ltd is trading at ₹30.60 as of 05 April 2026, with a FY2026-2027 high of ₹75.5 and low of ₹23.2. The stock is currently near its 52-week low. Market cap stands at ₹24.1 Cr..

How does Darjeeling Ropeway Company Ltd's P/E ratio compare to its industry?

Darjeeling Ropeway Company Ltd has a P/E ratio of 19.9, which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Darjeeling Ropeway Company Ltd financially healthy?

Key indicators for Darjeeling Ropeway Company Ltd: ROCE of 2.10 % is on the lower side compared to the industry average of 16.37%; ROE of 5.50 % is below ideal levels (industry average: 21.40%). Dividend yield is 0.00 %.

Is Darjeeling Ropeway Company Ltd profitable and how is the profit trend?

Darjeeling Ropeway Company Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹1 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does Darjeeling Ropeway Company Ltd pay dividends?

Darjeeling Ropeway Company Ltd has a dividend yield of 0.00 % at the current price of ₹30.60. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Darjeeling Ropeway Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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