Dhanada Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹27.14Undervalued by 1,080.00%vs CMP ₹2.30

P/E (15.0) × ROE (331.0%) × BV (₹0.67) × DY (2.00%)

Defaults: P/E=15

₹17.37Undervalued by 655.22%vs CMP ₹2.30

MoS: +86.8% (Strong)Confidence: 28/100 (Low)Models: 1 Under, 1 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹24.59	69%	Under (+969.1%)
Revenue Multiple	Revenue	₹1.31	31%	Over (-43%)
Consensus (2 models)		₹17.37	100%	Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -9.4% · Defaults: P/E=15

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 5 March 2025, 8:15 pm +05:30. Annual results through Mar 2022; quarterly results through Sep 2022; cash flow through Mar 2022. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2022 was ₹4.88 Cr, versus ₹2.94 Cr in Mar 2021 (66.0% year on year). Net profit for Mar 2022 was ₹-6.28 Cr, versus ₹-5.91 Cr in Mar 2021. These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2022 period, operating cash flow was ₹-2.88 Cr against net profit of ₹-6.28 Cr.A cash-to-profit ratio is not meaningful with zero or negative profit.

Balance-sheet check

Reported borrowings were ₹37.15 Cr in Sep 2022. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Dhanada Corporation Ltd scores 45/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health27/100 · Weak

ROCE 4.4% WeakROE 331.0% ExcellentD/E 1.18 High debtInterest Coverage 0.5x RiskyProfitable 0/5 available years Reported history

Smart Money50/100 · Moderate

Promoter holding at 51.7% Stable

Earnings Quality40/100 · Moderate

OPM contracting (15% → -30%) Declining

Quarterly Momentum80/100 · Strong

Revenue (4Q): +123% YoY AcceleratingOPM: 14.9% (up 55.1% YoY) Margin expansion

Industry Rank40/100 · Moderate

ROCE 4.4% vs industry 10.2% Below peersROE 331.0% vs industry 18.0% Above peers3Y sales CAGR: -24% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: March 5, 2025, 8:15 pm

Market Cap	12.9 Cr.
Current Price	2.30
Intrinsic Value	₹17.37
High / Low	/
Stock P/E
Book Value	0.67
Dividend Yield	0.00 %
ROCE	4.35 %
ROE	331 %
Face Value	1.00
PEG Ratio	0.00

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dhanada Corporation Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Howard Hotels Ltd	16.4 Cr.	18.0	33.9/16.7	149	13.0	0.00 %	5.07 %	2.74 %	10.0
HS India Ltd	17.3 Cr.	10.7	15.0/8.35	9.67	20.6	0.00 %	7.08 %	4.95 %	10.0
Gujarat Hotels Ltd	68.2 Cr.	180	319/166	11.9	140	1.66 %	14.1 %	11.2 %	10.0
Graviss Hospitality Ltd	204 Cr.	29.0	51.3/25.2	10,222	27.2	0.00 %	1.11 %	0.42 %	2.00
Goel Food Products Ltd	20.6 Cr.	11.0	20.2/8.54	7.32	15.9	0.00 %	10.9 %	9.90 %	10.0
Industry Average	7,364.71 Cr	457.66		548.24	106.85	0.35%	10.15%	18.03%	6.72

All Competitor Stocks of Dhanada Corporation Ltd

Quarterly Result

Metric	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Sales	2.09	3.01	2.14	0.21	0.51	1.30	0.91	0.25	1.07	2.00	1.56	2.29	2.01
Expenses	1.85	2.21	2.49	0.76	0.68	0.96	1.70	0.80	1.50	1.54	2.04	2.13	1.71
Operating Profit	0.24	0.80	-0.35	-0.55	-0.17	0.34	-0.79	-0.55	-0.43	0.46	-0.48	0.16	0.30
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 Income	0.01	0.01	0.04	0.01	0.01	0.01	0.04	0.02	0.02	0.01	0.09	0.01	0.02
Interest	0.87	0.91	0.93	0.97	1.01	1.05	1.07	1.12	1.18	1.22	1.24	1.30	1.37
Depreciation	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.16	0.16	0.17
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: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales	6.70	8.50	9.00	8.45	8.62	8.53	8.83	10.93	11.22	9.28	2.94	4.88	7.86
Expenses	4.52	6.51	5.88	6.04	6.57	6.42	7.51	9.01	8.96	8.35	4.11	5.83	7.42
Operating Profit	2.18	1.99	3.12	2.41	2.05	2.11	1.32	1.92	2.26	0.93	-1.17	-0.95	0.44
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 Income	0.10	-0.48	0.37	0.85	-4.04	-2.16	-0.93	-1.02	0.16	0.09	0.08	0.14	0.13
Interest	1.55	1.54	1.69	1.80	1.80	1.96	2.20	2.69	3.09	3.59	4.12	4.80	5.13
Depreciation	1.26	1.28	1.33	1.34	2.09	2.09	1.73	1.20	0.98	0.76	0.70	0.67	0.66
Profit before tax	-0.53	-1.31	0.47	0.12	-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	-1.30	0.47	0.10	-5.88	-4.11	-3.54	-2.99	-1.65	-3.33	-5.91	-6.28	-5.22
EPS in Rs	-0.11	-0.26	0.08	0.02	-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

Year	2011-2012	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
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%

Dhanada Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2011-2012 to 2021-2022.

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:	-10%
5 Years:	-4%
3 Years:	-18%
1 Year:	%

Return on Equity
10 Years:	-13%
5 Years:	-35%
3 Years:	-69%
Last Year:	-331%

Last Updated: September 5, 2025, 3:11 pm

Balance Sheet

Last Updated: July 25, 2025, 1:27 pm

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
Equity Capital	4.91	5.05	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59	5.59
Reserves	19.33	19.32	27.37	27.46	21.24	16.89	13.34	10.35	8.69	5.37	-0.54	-6.85	-9.35
Borrowings	14.79	16.44	11.95	12.63	13.20	14.85	16.38	18.97	22.06	25.61	29.71	34.48	37.15
Other Liabilities	2.86	2.62	2.91	2.31	1.77	1.90	2.01	1.98	2.00	2.21	2.91	2.89	3.67
Total Liabilities	41.89	43.43	47.82	47.99	41.80	39.23	37.32	36.89	38.34	38.78	37.67	36.11	37.06
Fixed Assets	35.17	34.71	33.52	32.26	30.03	28.00	26.37	25.34	24.42	23.68	22.98	22.32	22.01
CWIP	0.67	0.05	0.22	0.63	0.90	1.68	1.81	1.81	1.81	1.81	1.81	1.88	1.88
Investments	3.22	5.18	5.18	5.24	4.42	2.21	1.11	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.83	3.49	8.90	9.86	6.45	7.34	8.03	9.74	12.11	13.29	12.88	11.91	13.17
Total Assets	41.89	43.43	47.82	47.99	41.80	39.23	37.32	36.89	38.34	38.78	37.67	36.11	37.06

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity +	2.98	2.39	-3.33	0.79	1.55	1.11	1.06	1.10	1.26	-0.37	2.32	-2.88
Cash from Investing Activity +	-2.16	-2.69	0.02	0.27	-0.29	-0.83	-0.19	-0.12	-0.01	0.03	0.55	-0.03
Cash from Financing Activity +	-0.56	1.61	2.01	-1.06	-1.28	-0.21	-0.61	-0.03	0.06	0.00	0.00	-0.02
Net Cash Flow	0.26	1.31	-1.30	0.00	-0.02	0.07	0.26	0.95	1.31	-0.33	2.86	-2.92
Free Cash Flow	1.46	1.55	-3.64	0.30	1.23	0.25	0.83	0.93	1.20	-0.39	2.32	-2.96
CFO/OP	137%	120%	-107%	34%	76%	53%	80%	57%	56%	-40%	-198%	303%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Free Cash Flow	1.46	1.55	-3.64	0.30	1.23	0.25	0.83	0.93	1.20	-0.39	2.32	-2.96

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Debtor Days	33.23	30.49	32.04	27.21	28.37	43.22	37.62	28.05	52.38	62.14	114.22	74.05
Inventory Days	23.23	19.73	24.89	33.18	31.87	28.08	23.55	29.80
Days Payable	527.59	332.12	273.75	250.37	185.40	152.86	176.61	136.56
Cash Conversion Cycle	-471.13	-281.90	-216.82	-189.98	-125.16	-81.57	-115.45	-78.72	52.38	62.14	114.22	74.05
Working Capital Days	-283.83	-195.81	-204.81	-216.84	-406.92	-493.37	-608.06	-638.83	-625.90	-844.46	-3,682.28	-2,412.14
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

Month	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
Promoters	59.78%	58.58%	57.78%	55.80%	55.73%	53.70%	53.70%	54.26%	54.70%	54.75%	51.85%	51.67%
DIIs	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%
Public	39.99%	41.19%	42.00%	43.97%	44.04%	46.07%	46.07%	45.51%	45.08%	45.02%	47.92%	48.10%
No. of Shareholders	4,082	4,100	4,108	4,182	4,275	4,233	4,265	4,243	4,309	4,374	4,396	4,448

Shareholding Pattern Chart

No. of Shareholders

Dhanada Corporation 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

Month	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
FaceValue	1.00	1.00	1.00	1.00	1.00
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	-0.12	0.04
Book Value[Excl.RevalReserv]/Share (Rs.)	3.35	4.05	4.80	5.79	5.90
Book Value[Incl.RevalReserv]/Share (Rs.)	3.35	4.05	4.80	5.79	5.90
Revenue From Operations / Share (Rs.)	1.58	1.53	1.55	1.62	1.99
PBDIT / Share (Rs.)	0.26	0.37	0.30	0.27	0.31
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 (%)	16.70	24.53	19.69	17.04	15.86
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)	0.08	0.13	0.14	0.16	0.21
Total Debt / Equity (X)	1.18	0.87	0.65	0.50	0.46
Asset Turnover Ratio (%)	0.21	0.19	0.18	0.16	0.18
Current Ratio (X)	0.16	0.13	0.10	0.14	0.19
Quick Ratio (X)	0.15	0.12	0.09	0.12	0.17
Interest Coverage Ratio (X)	0.50	0.81	0.75	0.69	0.80
Interest Coverage Ratio (Post Tax) (X)	-0.21	-0.17	-0.36	-0.18	0.20
Enterprise Value (Cr.)	45.75	53.35	50.60	46.88	87.63
EV / Net Operating Revenue (X)	5.18	6.25	5.84	5.17	7.87
EV / EBITDA (X)	31.02	25.48	29.63	30.31	49.59
MarketCap / Net Operating Revenue (X)	2.86	4.00	3.87	3.42	6.56
Price / BV (X)	1.35	1.51	1.25	0.95	2.21
Price / Net Operating Revenue (X)	2.86	4.00	3.87	3.42	6.56
EarningsYield	-0.13	-0.08	-0.08	-0.06	-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Dhanada Corporation Ltd and is it undervalued?

Dhanada Corporation Ltd: the stored intrinsic value estimate is ₹17.37, compared with a stored share price of ₹2.30. The model value is 655.2% above that quote. The model classifies this as undervalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Dhanada Corporation Ltd?

The stored share price is ₹2.30. Price-data record updated: 5 March 2025, 8:15 pm +05:30. This is not a live quote. The stored 52-week high / low is /; this is a rolling range, not a financial-year range.

How have Dhanada Corporation Ltd's revenue and profit changed?

Does Dhanada Corporation Ltd's profit convert into cash?

For the same Mar 2022 period, operating cash flow was ₹-2.88 Cr against net profit of ₹-6.28 Cr.A cash-to-profit ratio is not meaningful with zero or negative profit.

What should I check in Dhanada Corporation Ltd's balance sheet?

Reported borrowings were ₹37.15 Cr in Sep 2022. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

What could change Dhanada Corporation Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.