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Last Updated on: 22 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 531198 | NSE: DHANADACO

Fundamental Analysis of Dhanada Corporation Ltd

Share Price and Basic Stock Data

Last Updated: June 18, 2024, 10:00 pm

Market Cap 12.9 Cr.
Current Price 2.30
High / Low2.54/1.48
Stock P/E
Book Value 0.67
Dividend Yield0.00 %
ROCE4.35 %
ROE331 %
Face Value 1.00
PEG Ratio0.00

Data Source: screener.in

Competitors of Dhanada Corporation Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Emerald Leisures Ltd 112 Cr. 224252/95.4 1540.00 %8.42 %% 5.00
Eco Hotels and Resorts Ltd 192 Cr. 37.355.2/15.5 6.620.00 %%% 10.0
Dhanada Corporation Ltd 12.9 Cr. 2.302.54/1.48 0.670.00 %4.35 %331 % 1.00
Devyani International Ltd 21,133 Cr. 175228/142 8.760.00 %8.73 %113 % 1.00
Coffee Day Enterprises Ltd 1,067 Cr. 50.574.6/28.96.23 1350.00 %2.87 %5.64 % 10.0
Industry Average0 Cr555.7059.4292.040%0%0%6.45

Quarterly Result

MonthSep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Sales2.093.012.140.210.511.300.910.251.072.001.562.292.01
Expenses1.852.212.490.760.680.961.700.801.501.542.042.131.71
Operating Profit0.240.80-0.35-0.55-0.170.34-0.79-0.55-0.430.46-0.480.160.30
OPM %11.48%26.58%-16.36%-261.90%-33.33%26.15%-86.81%-220.00%-40.19%23.00%-30.77%6.99%14.93%
Other Income0.010.010.040.010.010.010.040.020.020.010.090.010.02
Interest0.870.910.930.971.011.051.071.121.181.221.241.301.37
Depreciation0.190.190.180.180.180.180.170.170.170.170.160.160.17
Profit before tax-0.81-0.29-1.42-1.69-1.35-0.88-1.99-1.82-1.76-0.92-1.79-1.29-1.22
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-0.81-0.29-1.42-1.69-1.35-0.88-1.99-1.81-1.76-0.92-1.79-1.29-1.22
EPS in Rs-0.14-0.05-0.25-0.30-0.24-0.16-0.36-0.32-0.31-0.16-0.32-0.23-0.22

Last Updated: July 12, 2024, 9:52 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 11, 2024, 12:15 am

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Sales6.708.509.008.458.628.538.8310.9311.229.282.944.887.86
Expenses4.526.515.886.046.576.427.519.018.968.354.115.837.42
Operating Profit2.181.993.122.412.052.111.321.922.260.93-1.17-0.950.44
OPM %32.54%23.41%34.67%28.52%23.78%24.74%14.95%17.57%20.14%10.02%-39.80%-19.47%5.60%
Other Income0.10-0.480.370.85-4.04-2.16-0.93-1.020.160.090.080.140.13
Interest1.551.541.691.801.801.962.202.693.093.594.124.805.13
Depreciation1.261.281.331.342.092.091.731.200.980.760.700.670.66
Profit before tax-0.53-1.310.470.12-5.88-4.10-3.54-2.99-1.65-3.33-5.91-6.28-5.22
Tax %0.00%0.00%0.00%16.67%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit-0.53-1.300.470.10-5.88-4.11-3.54-2.99-1.65-3.33-5.91-6.28-5.22
EPS in Rs-0.11-0.260.080.02-1.05-0.73-0.63-0.53-0.29-0.60-1.06-1.12-0.93
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2011-20122012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)-145.28%136.15%-78.72%-5980.00%30.10%13.87%15.54%44.82%-101.82%-77.48%-6.26%
Change in YoY Net Profit Growth (%)0.00%281.44%-214.88%-5901.28%6010.10%-16.23%1.67%29.28%-146.63%24.34%71.22%

Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-11%
3 Years:-24%
TTM:123%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:19%
Stock Price CAGR
10 Years:-12%
5 Years:9%
3 Years:-32%
1 Year:5%
Return on Equity
10 Years:-13%
5 Years:-35%
3 Years:-69%
Last Year:-331%

Last Updated: July 15, 2024, 7:00 am

Balance Sheet

Last Updated: July 11, 2024, 12:15 am

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Sep 2022
Equity Capital4.915.055.595.595.595.595.595.595.595.595.595.595.59
Reserves19.3319.3227.3727.4621.2416.8913.3410.358.695.37-0.54-6.85-9.35
Borrowings14.7916.4411.9512.6313.2014.8516.3818.9722.0625.6129.7134.4837.15
Other Liabilities2.862.622.912.311.771.902.011.982.002.212.912.893.67
Total Liabilities41.8943.4347.8247.9941.8039.2337.3236.8938.3438.7837.6736.1137.06
Fixed Assets35.1734.7133.5232.2630.0328.0026.3725.3424.4223.6822.9822.3222.01
CWIP0.670.050.220.630.901.681.811.811.811.811.811.881.88
Investments3.225.185.185.244.422.211.110.000.000.000.000.000.00
Other Assets2.833.498.909.866.457.348.039.7412.1113.2912.8811.9113.17
Total Assets41.8943.4347.8247.9941.8039.2337.3236.8938.3438.7837.6736.1137.06

Reserves and Borrowings Chart

Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity 2.982.39-3.330.791.551.111.061.101.26-0.372.32-2.88
Cash from Investing Activity -2.16-2.690.020.27-0.29-0.83-0.19-0.12-0.010.030.55-0.03
Cash from Financing Activity -0.561.612.01-1.06-1.28-0.21-0.61-0.030.060.000.00-0.02
Net Cash Flow0.261.31-1.300.00-0.020.070.260.951.31-0.332.86-2.92

Free Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Free Cash Flow-12.61-14.45-8.83-10.22-11.15-12.74-15.06-17.05-19.80-24.68-30.88-35.43

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 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Debtor Days33.2330.4932.0427.2128.3743.2237.6228.0552.3862.14114.2274.05
Inventory Days23.2319.7324.8933.1831.8728.0823.5529.80
Days Payable527.59332.12273.75250.37185.40152.86176.61136.56
Cash Conversion Cycle-471.13-281.90-216.82-189.98-125.16-81.57-115.45-78.7252.3862.14114.2274.05
Working Capital Days-107.87-48.95-191.42-184.88-376.0123.96-575.82-609.11-589.47-792.146.21166.79
ROCE %2.65%2.20%5.11%4.26%0.75%0.18%-0.41%2.28%4.04%0.71%-5.02%-4.35%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Promoters59.78%58.58%57.78%55.80%55.73%53.70%53.70%54.26%54.70%54.75%51.85%51.67%
DIIs0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%0.23%
Public39.99%41.19%42.00%43.97%44.04%46.07%46.07%45.51%45.08%45.02%47.92%48.10%
No. of Shareholders4,0824,1004,1084,1824,2754,2334,2654,2434,3094,3744,3964,448

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 17Mar 16Mar 15Mar 14Mar 13
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)-0.62-0.52-0.53-0.34-0.20
Diluted EPS (Rs.)-0.62-0.52-0.53-0.34-0.20
Cash EPS (Rs.)-0.26-0.08-0.08-0.120.04
Book Value[Excl.RevalReserv]/Share (Rs.)3.354.054.805.795.90
Book Value[Incl.RevalReserv]/Share (Rs.)3.354.054.805.795.90
Revenue From Operations / Share (Rs.)1.581.531.551.621.99
PBDIT / Share (Rs.)0.260.370.300.270.31
PBIT / Share (Rs.)-0.11-0.08-0.16-0.07-0.04
PBT / Share (Rs.)-0.63-0.53-0.57-0.47-0.43
Net Profit / Share (Rs.)-0.63-0.53-0.55-0.47-0.31
NP After MI And SOA / Share (Rs.)-0.61-0.51-0.52-0.33-0.20
PBDIT Margin (%)16.7024.5319.6917.0415.86
PBIT Margin (%)-7.19-5.32-10.69-4.46-2.15
PBT Margin (%)-40.48-35.30-36.80-29.19-21.96
Net Profit Margin (%)-40.45-35.25-35.79-29.39-15.69
NP After MI And SOA Margin (%)-39.10-33.90-33.93-20.86-10.10
Return on Networth / Equity (%)-18.42-12.78-10.96-5.84-3.41
Return on Capital Employeed (%)-3.03-1.72-2.94-1.05-0.59
Return On Assets (%)-7.73-6.30-6.14-3.54-2.13
Long Term Debt / Equity (X)0.080.130.140.160.21
Total Debt / Equity (X)1.180.870.650.500.46
Asset Turnover Ratio (%)0.210.190.180.160.18
Current Ratio (X)0.160.130.100.140.19
Quick Ratio (X)0.150.120.090.120.17
Interest Coverage Ratio (X)0.500.810.750.690.80
Interest Coverage Ratio (Post Tax) (X)-0.21-0.17-0.36-0.180.20
Enterprise Value (Cr.)45.7553.3550.6046.8887.63
EV / Net Operating Revenue (X)5.186.255.845.177.87
EV / EBITDA (X)31.0225.4829.6330.3149.59
MarketCap / Net Operating Revenue (X)2.864.003.873.426.56
Price / BV (X)1.351.511.250.952.21
Price / Net Operating Revenue (X)2.864.003.873.426.56
EarningsYield-0.13-0.08-0.08-0.06-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 33.93

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1,375.25% compared to the current price 2.3

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 30.73

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 1,236.28% compared to the current price 2.3

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -9.42%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -273.23, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -104.83, which is a positive sign.
  1. The stock has a low average ROCE of 1.03%, which may not be favorable.
  2. The company has higher borrowings (20.63) compared to reserves (11.74), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (8.13) and profit (-3.09).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Dhanada Corporation Ltd:
    1. Net Profit Margin: -40.45%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -3.03% (Industry Average ROCE: 0%%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✗ ROE%: -18.42% (Industry Average ROE: 0%%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -0.21
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.15
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: (Industry average Stock P/E: 59.42)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: 1.18
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Dhanada Corporation Ltd. is a Public Limited Listed company incorporated on 14/07/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L55101PN1986PLC133909 and registration number is 133909. Currently Company is involved in the business activities of Short term accommodation activities. Company’s Total Operating Revenue is Rs. 4.88 Cr. and Equity Capital is Rs. 5.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & Restaurants5B/14, Laxminarayan Nagar, S. No. 11/12, Part Erandawane, Pune Maharashtra 411004dhanada@dhanadacorp.com
http://www.dhanadacorp.com
Management
NamePosition Held
Mr. Ramesh HaveleChairman & M.D & CEO
Mr. Shreeniwas G KaleIndependent Director
Mr. Dilip A PrabhuneIndependent Director
Mrs. Veena R HaveleIndependent Director

FAQ

What is the latest fair value of Dhanada Corporation Ltd?

The latest fair value of Dhanada Corporation Ltd is ₹33.93.

What is the Market Cap of Dhanada Corporation Ltd?

The Market Cap of Dhanada Corporation Ltd is 12.9 Cr..

What is the current Stock Price of Dhanada Corporation Ltd as on 15 July 2024?

The current stock price of Dhanada Corporation Ltd as on 15 July 2024 is 2.30.

What is the High / Low of Dhanada Corporation Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dhanada Corporation Ltd stocks is 2.54/1.48.

What is the Stock P/E of Dhanada Corporation Ltd?

The Stock P/E of Dhanada Corporation Ltd is .

What is the Book Value of Dhanada Corporation Ltd?

The Book Value of Dhanada Corporation Ltd is 0.67.

What is the Dividend Yield of Dhanada Corporation Ltd?

The Dividend Yield of Dhanada Corporation Ltd is 0.00 %.

What is the ROCE of Dhanada Corporation Ltd?

The ROCE of Dhanada Corporation Ltd is 4.35 %.

What is the ROE of Dhanada Corporation Ltd?

The ROE of Dhanada Corporation Ltd is 331 %.

What is the Face Value of Dhanada Corporation Ltd?

The Face Value of Dhanada Corporation Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Dhanada Corporation 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