Dhani Services Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 7:54 pm

Market Cap	3,591 Cr.
Current Price	59.5
High / Low	110/37.0
Stock P/E
Book Value	47.0
Dividend Yield	0.00 %
ROCE	1.33 %
ROE	1.75 %
Face Value	2.00
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Dhani Services Ltd

Competitors of Dhani Services Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MKVentures Capital Ltd	600 Cr.	1,561	2,595/1,151	64.0	267	0.06 %	16.5 %	9.56 %	10.0
Modern Shares & Stockbrokers Ltd	13.8 Cr.	47.1	69.4/36.4	62.8	43.5	0.00 %	3.32 %	1.74 %	10.0
Monarch Networth Capital Ltd	2,429 Cr.	310	501/226	16.3	102	0.16 %	33.3 %	26.1 %	10.0
Monotype India Ltd	50.6 Cr.	0.72	2.42/0.66	4.03	0.02	0.00 %	286 %	%	1.00
Multipurpose Trading & Agencies Ltd	4.55 Cr.	9.19	13.3/7.93	26.8	10.3	0.00 %	4.44 %	3.91 %	10.0
Industry Average	6,324.41 Cr	1,387.81		81.34	3,711.09	0.33%	20.25%	13.89%	7.42

All Competitor Stocks of Dhani Services Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	305.46	246.38	130.16	147.69	84.29	119.60	98.58	87.11	117.56	107.37	102.63	94.91	89.85
Expenses	464.97	266.25	210.80	214.67	298.71	163.79	162.24	157.88	174.02	165.67	79.58	57.25	104.04
Operating Profit	-159.51	-19.87	-80.64	-66.98	-214.42	-44.19	-63.66	-70.77	-56.46	-58.30	23.05	37.66	-14.19
OPM %	-52.22%	-8.06%	-61.95%	-45.35%	-254.38%	-36.95%	-64.58%	-81.24%	-48.03%	-54.30%	22.46%	39.68%	-15.79%
Other Income	17.13	28.29	52.77	20.22	29.93	5.09	14.21	20.43	16.77	21.55	10.60	14.22	45.74
Interest	61.76	58.83	42.26	34.98	29.98	25.72	24.24	22.48	20.74	18.31	17.38	15.42	13.08
Depreciation	27.45	28.65	27.63	17.46	17.11	18.24	15.75	14.30	14.45	12.84	5.99	5.63	5.68
Profit before tax	-231.59	-79.06	-97.76	-99.20	-231.58	-83.06	-89.44	-87.12	-74.88	-67.90	10.28	30.83	12.79
Tax %	5.53%	31.44%	-10.70%	-6.78%	-14.66%	13.80%	17.33%	2.70%	13.53%	22.75%	59.14%	83.10%	50.82%
Net Profit	-244.39	-103.91	-87.29	-92.47	-197.64	-94.52	-104.94	-89.46	-85.01	-83.35	4.19	5.22	6.29
EPS in Rs	-4.13	-1.69	-1.46	-1.56	-3.25	-1.57	-1.75	-1.48	-1.42	-1.37	0.26	0.08	0.12

Last Updated: May 31, 2025, 6:18 am

Below is a detailed analysis of the quarterly data for Dhani Services Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 89.85 Cr.. The value appears to be declining and may need further review. It has decreased from 94.91 Cr. (Dec 2024) to 89.85 Cr., marking a decrease of 5.06 Cr..
For Expenses, as of Mar 2025, the value is 104.04 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 57.25 Cr. (Dec 2024) to 104.04 Cr., marking an increase of 46.79 Cr..
For Operating Profit, as of Mar 2025, the value is -14.19 Cr.. The value appears to be declining and may need further review. It has decreased from 37.66 Cr. (Dec 2024) to -14.19 Cr., marking a decrease of 51.85 Cr..
For OPM %, as of Mar 2025, the value is -15.79%. The value appears to be declining and may need further review. It has decreased from 39.68% (Dec 2024) to -15.79%, marking a decrease of 55.47%.
For Other Income, as of Mar 2025, the value is 45.74 Cr.. The value appears strong and on an upward trend. It has increased from 14.22 Cr. (Dec 2024) to 45.74 Cr., marking an increase of 31.52 Cr..
For Interest, as of Mar 2025, the value is 13.08 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 15.42 Cr. (Dec 2024) to 13.08 Cr., marking a decrease of 2.34 Cr..
For Depreciation, as of Mar 2025, the value is 5.68 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.63 Cr. (Dec 2024) to 5.68 Cr., marking an increase of 0.05 Cr..
For Profit before tax, as of Mar 2025, the value is 12.79 Cr.. The value appears to be declining and may need further review. It has decreased from 30.83 Cr. (Dec 2024) to 12.79 Cr., marking a decrease of 18.04 Cr..
For Tax %, as of Mar 2025, the value is 50.82%. The value appears to be improving (decreasing) as expected. It has decreased from 83.10% (Dec 2024) to 50.82%, marking a decrease of 32.28%.
For Net Profit, as of Mar 2025, the value is 6.29 Cr.. The value appears strong and on an upward trend. It has increased from 5.22 Cr. (Dec 2024) to 6.29 Cr., marking an increase of 1.07 Cr..
For EPS in Rs, as of Mar 2025, the value is 0.12. The value appears strong and on an upward trend. It has increased from 0.08 (Dec 2024) to 0.12, marking an increase of 0.04.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 3:47 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	284	398	397	413	980	1,993	2,915	1,347	1,434	612	448	395
Expenses	119	140	162	201	478	750	1,952	963	1,986	968	650	407
Operating Profit	165	258	236	213	502	1,243	963	384	-551	-356	-202	-12
OPM %	58%	65%	59%	51%	51%	62%	33%	29%	-38%	-58%	-45%	-3%
Other Income	18	10	12	96	15	4	4	9	29	109	24	92
Interest	24	61	148	139	224	591	824	518	284	170	94	64
Depreciation	5	13	23	24	12	27	116	84	95	91	63	30
Profit before tax	154	194	77	146	281	629	27	-209	-901	-508	-334	-14
Tax %	34%	22%	4%	30%	25%	27%	-55%	10%	-4%	-5%	12%	384%
Net Profit	102	151	74	102	210	460	42	-230	-860	-481	-374	-68
EPS in Rs	3.70	4.86	2.12	2.69	3.99	7.59	0.09	-4.27	-14.42	-7.95	-6.22	-0.91
Dividend Payout %	18%	52%	119%	31%	22%	15%	3,836%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	48.04%	-50.99%	37.84%	105.88%	119.05%	-90.87%	-647.62%	-273.91%	44.07%	22.25%	81.82%
Change in YoY Net Profit Growth (%)	0.00%	-99.03%	88.83%	68.04%	13.17%	-209.92%	-556.75%	373.71%	317.98%	-21.82%	59.57%

Dhani Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	0%
5 Years:	-33%
3 Years:	-35%
TTM:	-12%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	25%
TTM:	85%

Stock Price CAGR
10 Years:	6%
5 Years:	-5%
3 Years:	8%
1 Year:	31%

Return on Equity
10 Years:	-3%
5 Years:	-9%
3 Years:	-8%
Last Year:	-2%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 1:53 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	46	52	59	64	93	113	102	115	121	122	122	122
Reserves	190	278	273	402	1,806	6,312	4,925	5,068	4,942	3,692	3,324	2,714
Borrowings	368	1,690	2,193	1,519	4,929	8,648	5,410	3,739	2,482	1,021	697	507
Other Liabilities	214	405	196	231	930	942	1,129	1,200	1,079	479	379	389
Total Liabilities	818	2,425	2,720	2,215	7,758	16,015	11,566	10,121	8,624	5,314	4,521	3,732
Fixed Assets	34	664	660	86	66	118	755	409	537	319	252	127
CWIP	0	11	36	8	5	9	6	6	7	4	0	0
Investments	32	69	0	163	499	638	634	1,420	588	510	55	64
Other Assets	751	1,680	2,023	1,959	7,188	15,250	10,171	8,286	7,492	4,481	4,214	3,541
Total Assets	818	2,425	2,720	2,215	7,758	16,015	11,566	10,121	8,624	5,314	4,521	3,732

Below is a detailed analysis of the balance sheet data for Dhani Services Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 122.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 122.00 Cr..
For Reserves, as of Mar 2025, the value is 2,714.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,324.00 Cr. (Mar 2024) to 2,714.00 Cr., marking a decrease of 610.00 Cr..
For Borrowings, as of Mar 2025, the value is 507.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 697.00 Cr. (Mar 2024) to 507.00 Cr., marking a decrease of 190.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 389.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 379.00 Cr. (Mar 2024) to 389.00 Cr., marking an increase of 10.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 3,732.00 Cr.. The value appears to be improving (decreasing). It has decreased from 4,521.00 Cr. (Mar 2024) to 3,732.00 Cr., marking a decrease of 789.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 127.00 Cr.. The value appears to be declining and may need further review. It has decreased from 252.00 Cr. (Mar 2024) to 127.00 Cr., marking a decrease of 125.00 Cr..
For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Mar 2025, the value is 64.00 Cr.. The value appears strong and on an upward trend. It has increased from 55.00 Cr. (Mar 2024) to 64.00 Cr., marking an increase of 9.00 Cr..
For Other Assets, as of Mar 2025, the value is 3,541.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,214.00 Cr. (Mar 2024) to 3,541.00 Cr., marking a decrease of 673.00 Cr..
For Total Assets, as of Mar 2025, the value is 3,732.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,521.00 Cr. (Mar 2024) to 3,732.00 Cr., marking a decrease of 789.00 Cr..

Notably, the Reserves (2,714.00 Cr.) exceed the Borrowings (507.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	376	-268	10	203	-2,912	-7,044	6,040	925	-702	848	-231	98
Cash from Investing Activity +	166	-330	-77	120	-537	-204	-848	-537	774	77	491	52
Cash from Financing Activity +	-431	994	196	-247	4,473	7,062	-4,093	-1,168	-801	-1,168	-318	-89
Net Cash Flow	112	397	129	76	1,024	-185	1,099	-780	-729	-244	-58	62

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-203.00	257.00	234.00	212.00	498.00	-7.00	958.00	381.00	-553.00	-357.00	-899.00	-519.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	115	178	228	292	298	98	50	19	38	33	71	70
Inventory Days										240	1,558	3,482
Days Payable										284	124	273
Cash Conversion Cycle	115	178	228	292	298	98	50	19	38	-11	1,505	3,279
Working Capital Days	30	212	503	779	660	-103	143	169	185	232	774	873
ROCE %	22%	38%	19%	10%	12%	11%	11%	6%	3%	-7%	-5%	-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	30.05%	30.05%	33.00%	33.00%	33.01%	32.89%	32.89%	32.89%	31.26%	31.26%	30.77%	29.14%
FIIs	28.86%	27.16%	21.89%	20.52%	18.34%	15.87%	14.56%	14.14%	14.38%	14.27%	14.63%	16.60%
DIIs	1.40%	1.41%	1.40%	1.42%	1.43%	1.45%	1.38%	1.38%	1.43%	1.45%	1.47%	1.49%
Public	36.45%	38.15%	38.84%	40.18%	42.37%	44.96%	46.33%	46.74%	48.10%	48.20%	48.29%	47.95%
Others	3.23%	3.23%	4.87%	4.87%	4.87%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%
No. of Shareholders	96,174	1,11,277	1,92,174	2,07,243	2,08,407	2,14,408	2,13,677	2,22,554	2,20,985	2,13,506	2,11,898	1,94,452

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	-6.49	-8.31	-15.30	-4.16	0.07
Diluted EPS (Rs.)	-6.49	-8.31	-15.30	-4.16	0.07
Cash EPS (Rs.)	-5.12	-6.42	-12.63	-2.55	3.09
Book Value[Excl.RevalReserv]/Share (Rs.)	56.90	63.62	86.99	98.00	83.75
Book Value[Incl.RevalReserv]/Share (Rs.)	56.90	63.62	86.99	98.00	83.75
Revenue From Operations / Share (Rs.)	6.95	10.01	23.67	22.89	57.03
PBDIT / Share (Rs.)	-2.94	-4.12	-8.76	6.40	18.45
PBIT / Share (Rs.)	-3.97	-5.62	-10.33	4.93	16.17
PBT / Share (Rs.)	-5.50	-8.35	-14.87	-3.64	0.52
Net Profit / Share (Rs.)	-6.15	-7.91	-14.20	-4.01	0.81
NP After MI And SOA / Share (Rs.)	-6.17	-7.89	-14.30	-3.93	0.08
PBDIT Margin (%)	-42.23	-41.19	-37.00	27.96	32.34
PBIT Margin (%)	-57.07	-56.12	-43.62	21.55	28.36
PBT Margin (%)	-79.10	-83.41	-62.80	-15.92	0.92
Net Profit Margin (%)	-88.43	-79.09	-59.97	-17.52	1.43
NP After MI And SOA Margin (%)	-88.73	-78.81	-60.39	-17.16	0.14
Return on Networth / Equity (%)	-10.89	-12.57	-17.11	-4.34	0.11
Return on Capital Employeed (%)	-6.85	-8.65	-10.58	4.37	12.47
Return On Assets (%)	-8.29	-9.01	-10.04	-2.22	0.03
Long Term Debt / Equity (X)	0.00	0.00	0.10	0.14	0.23
Total Debt / Equity (X)	0.18	0.25	0.44	0.68	1.38
Asset Turnover Ratio (%)	0.08	0.08	0.01	0.00	0.02
Current Ratio (X)	2.97	2.52	2.44	2.36	1.99
Quick Ratio (X)	2.71	2.33	2.40	2.36	1.99
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	0.00	3969.38
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	0.00	142.64
Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	-3869.38
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	-42.64
Interest Coverage Ratio (X)	-1.92	-1.51	-1.93	0.74	1.18
Interest Coverage Ratio (Post Tax) (X)	-3.01	-1.90	-2.13	0.53	1.05
Enterprise Value (Cr.)	2336.58	1939.99	4879.07	11614.16	8357.75
EV / Net Operating Revenue (X)	5.53	3.19	3.40	8.86	2.87
EV / EBITDA (X)	-13.08	-7.74	-9.19	31.68	8.86
MarketCap / Net Operating Revenue (X)	5.47	2.66	2.63	7.35	1.90
Retention Ratios (%)	0.00	0.00	0.00	0.00	-3869.38
Price / BV (X)	0.67	0.42	0.74	1.86	1.49
Price / Net Operating Revenue (X)	5.47	2.66	2.63	7.35	1.90
EarningsYield	-0.16	-0.29	-0.22	-0.02	0.00

After reviewing the key financial ratios for Dhani Services Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is -6.49. This value is below the healthy minimum of 5. It has increased from -8.31 (Mar 23) to -6.49, marking an increase of 1.82.
For Diluted EPS (Rs.), as of Mar 24, the value is -6.49. This value is below the healthy minimum of 5. It has increased from -8.31 (Mar 23) to -6.49, marking an increase of 1.82.
For Cash EPS (Rs.), as of Mar 24, the value is -5.12. This value is below the healthy minimum of 3. It has increased from -6.42 (Mar 23) to -5.12, marking an increase of 1.30.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 56.90. It has decreased from 63.62 (Mar 23) to 56.90, marking a decrease of 6.72.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 56.90. It has decreased from 63.62 (Mar 23) to 56.90, marking a decrease of 6.72.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 6.95. It has decreased from 10.01 (Mar 23) to 6.95, marking a decrease of 3.06.
For PBDIT / Share (Rs.), as of Mar 24, the value is -2.94. This value is below the healthy minimum of 2. It has increased from -4.12 (Mar 23) to -2.94, marking an increase of 1.18.
For PBIT / Share (Rs.), as of Mar 24, the value is -3.97. This value is below the healthy minimum of 0. It has increased from -5.62 (Mar 23) to -3.97, marking an increase of 1.65.
For PBT / Share (Rs.), as of Mar 24, the value is -5.50. This value is below the healthy minimum of 0. It has increased from -8.35 (Mar 23) to -5.50, marking an increase of 2.85.
For Net Profit / Share (Rs.), as of Mar 24, the value is -6.15. This value is below the healthy minimum of 2. It has increased from -7.91 (Mar 23) to -6.15, marking an increase of 1.76.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is -6.17. This value is below the healthy minimum of 2. It has increased from -7.89 (Mar 23) to -6.17, marking an increase of 1.72.
For PBDIT Margin (%), as of Mar 24, the value is -42.23. This value is below the healthy minimum of 10. It has decreased from -41.19 (Mar 23) to -42.23, marking a decrease of 1.04.
For PBIT Margin (%), as of Mar 24, the value is -57.07. This value is below the healthy minimum of 10. It has decreased from -56.12 (Mar 23) to -57.07, marking a decrease of 0.95.
For PBT Margin (%), as of Mar 24, the value is -79.10. This value is below the healthy minimum of 10. It has increased from -83.41 (Mar 23) to -79.10, marking an increase of 4.31.
For Net Profit Margin (%), as of Mar 24, the value is -88.43. This value is below the healthy minimum of 5. It has decreased from -79.09 (Mar 23) to -88.43, marking a decrease of 9.34.
For NP After MI And SOA Margin (%), as of Mar 24, the value is -88.73. This value is below the healthy minimum of 8. It has decreased from -78.81 (Mar 23) to -88.73, marking a decrease of 9.92.
For Return on Networth / Equity (%), as of Mar 24, the value is -10.89. This value is below the healthy minimum of 15. It has increased from -12.57 (Mar 23) to -10.89, marking an increase of 1.68.
For Return on Capital Employeed (%), as of Mar 24, the value is -6.85. This value is below the healthy minimum of 10. It has increased from -8.65 (Mar 23) to -6.85, marking an increase of 1.80.
For Return On Assets (%), as of Mar 24, the value is -8.29. This value is below the healthy minimum of 5. It has increased from -9.01 (Mar 23) to -8.29, marking an increase of 0.72.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.18. This value is within the healthy range. It has decreased from 0.25 (Mar 23) to 0.18, marking a decrease of 0.07.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.08. There is no change compared to the previous period (Mar 23) which recorded 0.08.
For Current Ratio (X), as of Mar 24, the value is 2.97. This value is within the healthy range. It has increased from 2.52 (Mar 23) to 2.97, marking an increase of 0.45.
For Quick Ratio (X), as of Mar 24, the value is 2.71. This value exceeds the healthy maximum of 2. It has increased from 2.33 (Mar 23) to 2.71, marking an increase of 0.38.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 24, the value is -1.92. This value is below the healthy minimum of 3. It has decreased from -1.51 (Mar 23) to -1.92, marking a decrease of 0.41.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is -3.01. This value is below the healthy minimum of 3. It has decreased from -1.90 (Mar 23) to -3.01, marking a decrease of 1.11.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,336.58. It has increased from 1,939.99 (Mar 23) to 2,336.58, marking an increase of 396.59.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.53. This value exceeds the healthy maximum of 3. It has increased from 3.19 (Mar 23) to 5.53, marking an increase of 2.34.
For EV / EBITDA (X), as of Mar 24, the value is -13.08. This value is below the healthy minimum of 5. It has decreased from -7.74 (Mar 23) to -13.08, marking a decrease of 5.34.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 5.47. This value exceeds the healthy maximum of 3. It has increased from 2.66 (Mar 23) to 5.47, marking an increase of 2.81.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Price / BV (X), as of Mar 24, the value is 0.67. This value is below the healthy minimum of 1. It has increased from 0.42 (Mar 23) to 0.67, marking an increase of 0.25.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 5.47. This value exceeds the healthy maximum of 3. It has increased from 2.66 (Mar 23) to 5.47, marking an increase of 2.81.
For EarningsYield, as of Mar 24, the value is -0.16. This value is below the healthy minimum of 5. It has increased from -0.29 (Mar 23) to -0.16, marking an increase of 0.13.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Dhani Services Ltd as of June 1, 2025 is: 10.07

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.

As of June 1, 2025, Dhani Services Ltd is Overvalued by 83.08% compared to the current share price 59.50

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

Intrinsic Value of Dhani Services Ltd as of June 1, 2025 is: 13.52

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, Dhani Services Ltd is Overvalued by 77.28% compared to the current share price 59.50

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

Last 5 Year EPS CAGR: 34.24%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (2,827.17 cr) compared to borrowings (2,766.92 cr), indicating strong financial stability.	The stock has a low average ROCE of 9.58%, which may not be favorable. The stock has a high average Working Capital Days of 371.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 109.08, which may not be favorable. The company has not shown consistent growth in sales (327.67) and profit (-38.17).

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 Dhani Services Ltd:
1. Net Profit Margin: -88.43%
  - 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: -6.85% (Industry Average ROCE: 20.25%)
  - 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%: -10.89% (Industry Average ROE: 13.89%)
  - 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): -3.01
  - 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: 2.71
  - 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: 0 (Industry average Stock P/E: 81.34)
  - 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: 0.18
  - 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

Dhani Services Ltd. is a Public Limited Listed company incorporated on 09/06/1995 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L74110HR1995PLC121209 and registration number is 121209. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 23.91 Cr. and Equity Capital is Rs. 121.64 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	5th Floor, Plot No. 108, IT Park, Udyog Vihar, Gurugram Haryana 122016	support@dhani.com http://www.dhani.com

Management
Name	Position Held
Mr. Divyesh B Shah	Executive Director & CEO
Mr. Gurbans Singh	Executive Chairman
Mr. Amit Ajit Gandhi	Non Exe.Non Ind.Director
Ms. Swati Jain	Independent Director
Mr. Prem Prakash Mirdha	Independent Director
Mr. Aishwarya Katoch	Independent Director

FAQ

What is the intrinsic value of Dhani Services Ltd?

Dhani Services Ltd's intrinsic value (as of 31 May 2025) is ₹10.07 — 83.08% lower the current market price of 59.50, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,591 Cr. market cap, FY2025-2026 high/low of ₹110/37.0, reserves of 2,714 Cr, and liabilities of 3,732 Cr.

What is the Market Cap of Dhani Services Ltd?

The Market Cap of Dhani Services Ltd is 3,591 Cr..

What is the current Stock Price of Dhani Services Ltd as on 31 May 2025?

The current stock price of Dhani Services Ltd as on 31 May 2025 is 59.5.

What is the High / Low of Dhani Services Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Dhani Services Ltd stocks is ₹110/37.0.

What is the Stock P/E of Dhani Services Ltd?

The Stock P/E of Dhani Services Ltd is .

What is the Book Value of Dhani Services Ltd?

The Book Value of Dhani Services Ltd is 47.0.

What is the Dividend Yield of Dhani Services Ltd?

The Dividend Yield of Dhani Services Ltd is 0.00 %.

What is the ROCE of Dhani Services Ltd?

The ROCE of Dhani Services Ltd is 1.33 %.

What is the ROE of Dhani Services Ltd?

The ROE of Dhani Services Ltd is 1.75 %.

What is the Face Value of Dhani Services Ltd?

The Face Value of Dhani Services Ltd is 2.00.