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Last Updated: April 2, 2026, 4:28 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531306 | NSE: DHPIND

DHP India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹35.09Overvalued by 92.24%vs CMP ₹452.00

P/E (1.9) × ROE (2.8%) × BV (₹810.00) × DY (0.88%)

₹1,273.48Undervalued by 181.74%vs CMP ₹452.00
MoS: +64.5% (Strong)Confidence: 52/100 (Moderate)Models: 6 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹40.3621%Over (-91.1%)
Graham NumberEarnings₹2,087.0515%Under (+361.7%)
Earnings PowerEarnings₹865.5910%Under (+91.5%)
DCFCash Flow₹4,821.1710%Under (+966.6%)
Net Asset ValueAssets₹807.627%Under (+78.7%)
EV/EBITDAEnterprise₹315.748%Over (-30.1%)
Dividend DiscountDividends₹220.008%Over (-51.3%)
Earnings YieldEarnings₹2,390.007%Under (+428.8%)
ROCE CapitalReturns₹1,263.278%Under (+179.5%)
Revenue MultipleRevenue₹192.765%Over (-57.4%)
Consensus (10 models)₹1,273.48100%Undervalued
Key Drivers: ROE 2.8% is below cost of equity. | Wide model spread (₹40–₹4,821) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.0%

*Investments are subject to market risks

Investment Snapshot

53
DHP India Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 3.4% WeakROE 2.8% WeakD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 73.4% Stable
Earnings Quality30/100 · Weak
OPM contracting (32% → 15%) DecliningWorking capital: 154 days Capital intensive
Quarterly Momentum90/100 · Strong
Revenue (4Q): +23% YoY AcceleratingProfit (4Q): +2,198% YoY Strong
Industry Rank35/100 · Weak
P/E 1.9 vs industry 13.4 Cheaper than peersROCE 3.4% vs industry 14.6% Below peersROE 2.8% vs industry 15.3% Below peers3Y sales CAGR: -22% Shrinking

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.

DHP India Ltd Investor Signals

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

Value Trap Score
80/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 1.9 vs Ind 13.4 | ROCE 3.4% | ROE 2.8% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.01x | IntCov 0.0x | Current 12.41x | Borrow/Reserve 0.04x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹67 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
-24
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -14.8% | Q NP +6.0% | Q OPM -4.1 pp
Derived FieldValueHow it is derived
Valuation Gap %+181.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-50Latest shareholder count minus previous count
Quarterly Sales Change-14.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+6.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-4.1 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:28 am

Market Cap 136 Cr.
Current Price 452
Intrinsic Value₹1,273.48
High / Low 735/430
Stock P/E1.89
Book Value 810
Dividend Yield0.88 %
ROCE3.43 %
ROE2.84 %
Face Value 10.0
PEG Ratio0.13

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

View Share Price Target for DHP India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
DHP India Ltd 136 Cr. 452 735/4301.89 8100.88 %3.43 %2.84 % 10.0
Oil Country Tubular Ltd 204 Cr. 39.2 101/35.6 42.10.00 %8.41 %15.0 % 10.0
Asian Energy Services Ltd 1,162 Cr. 259 392/23024.8 98.80.39 %16.6 %12.4 % 10.0
Duke Offshore Ltd 22.7 Cr. 23.1 32.9/13.1 3.970.00 %30.0 %31.0 % 10.0
Industry Average500.67 Cr193.3313.35238.720.32%14.61%15.31%10.00

All Competitor Stocks of DHP India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 17.9015.2716.8811.218.7116.4112.9811.1713.9419.6720.6014.3712.24
Expenses 13.0912.5913.1610.698.3713.5811.2210.2011.9115.8115.4212.0310.75
Operating Profit 4.812.683.720.520.342.831.760.972.033.865.182.341.49
OPM % 26.87%17.55%22.04%4.64%3.90%17.25%13.56%8.68%14.56%19.62%25.15%16.28%12.17%
Other Income 0.12-0.292.1524.100.110.550.070.230.1573.641.900.291.25
Interest 0.000.000.000.050.030.040.090.080.020.040.060.120.19
Depreciation 0.810.930.890.900.901.000.920.880.870.920.890.920.92
Profit before tax 4.121.464.9823.67-0.482.340.820.241.2976.546.131.591.63
Tax % 25.24%38.36%16.67%10.05%-25.00%43.16%25.61%20.83%24.03%15.40%25.45%27.04%23.93%
Net Profit 3.080.904.1521.29-0.361.330.620.190.9864.754.561.161.23
EPS in Rs 10.273.0013.8370.97-1.204.432.070.633.27215.8315.203.874.10

Last Updated: March 3, 2026, 10:56 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:50 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5041374752675670120109535867
Expenses 38313035404943508175464954
Operating Profit 1297121218132139347913
OPM % 24%23%18%25%24%27%23%29%32%31%14%15%19%
Other Income 112561-510101277477
Interest 0000000000000
Depreciation 1221112223444
Profit before tax 11961516176284632317986
Tax % 33%33%24%28%21%28%51%18%23%26%13%16%
Net Profit 7651113123233623266772
EPS in Rs 24.6719.2316.3336.5043.1040.3710.3077.13118.7078.1088.00221.77239.00
Dividend Payout % 6%8%12%5%6%6%24%5%3%5%5%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-14.29%-16.67%120.00%18.18%-7.69%-75.00%666.67%56.52%-36.11%13.04%157.69%
Change in YoY Net Profit Growth (%)0.00%-2.38%136.67%-101.82%-25.87%-67.31%741.67%-610.14%-92.63%49.15%144.65%

DHP India 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:4%
5 Years:1%
3 Years:-22%
TTM:33%
Compounded Profit Growth
10 Years:2%
5 Years:1%
3 Years:-43%
TTM:208%
Stock Price CAGR
10 Years:21%
5 Years:14%
3 Years:-27%
1 Year:7%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:6%
Last Year:3%

Last Updated: September 5, 2025, 3:15 pm

Balance Sheet

Last Updated: December 4, 2025, 2:45 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3333333333333
Reserves 23293344566866106147170214235240
Borrowings 2432332100549
Other Liabilities 4344446101171185
Total Liabilities 33394252667976120162180233250257
Fixed Assets 12131212121510101826262928
CWIP 0000000121000
Investments 29152533433976871161690200
Other Assets 191715152121263355383722130
Total Assets 33394252667976120162180233250257

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 69676131568432-2
Cash from Investing Activity + -5-9-5-7-6-12-6-9-7-38-8186
Cash from Financing Activity + 01-2-20-1-2-2-2-24-3
Net Cash Flow 1-0-0-21-07-5-14-3182
Free Cash Flow 265658195-333-1-8
CFO/OP 75%127%120%95%76%100%137%50%47%157%83%115%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow10.005.004.0010.009.0015.0011.0020.0039.0034.002.005.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 393744303238264762135245
Inventory Days 113158137153157122171196167176331300
Days Payable 24212325172246342082246
Cash Conversion Cycle 128174157158172137150209209181361299
Working Capital Days 7665667389696911613693171154
ROCE %46%26%13%30%28%24%18%22%36%20%2%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.42%73.42%73.42%73.42%73.42%73.42%73.42%73.42%73.36%73.36%73.36%73.36%
Public 26.57%26.57%26.58%26.58%26.57%26.57%26.58%26.58%26.63%26.62%26.62%26.63%
No. of Shareholders 4,8755,0565,2125,5925,6025,5225,3555,2495,1475,0675,2035,153

Shareholding Pattern Chart

No. of Shareholders

DHP India 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.) 221.7888.0278.10118.6977.13
Diluted EPS (Rs.) 221.7888.0278.10118.6977.13
Cash EPS (Rs.) 233.76100.2988.56125.5682.92
Book Value[Excl.RevalReserv]/Share (Rs.) 793.62722.88576.17499.91364.65
Book Value[Incl.RevalReserv]/Share (Rs.) 793.62722.88576.17499.91364.65
Dividend / Share (Rs.) 4.004.004.004.004.00
Revenue From Operations / Share (Rs.) 192.58177.39363.30398.36234.22
PBDIT / Share (Rs.) 275.69114.37115.83161.6572.87
PBIT / Share (Rs.) 263.71102.09105.37154.7967.07
PBT / Share (Rs.) 262.94101.70105.27154.6594.63
Net Profit / Share (Rs.) 221.7888.0278.10118.6977.13
PBDIT Margin (%) 143.1564.4731.8840.5731.11
PBIT Margin (%) 136.9357.5529.0038.8528.63
PBT Margin (%) 136.5357.3328.9738.8240.40
Net Profit Margin (%) 115.1649.6121.4929.7932.92
Return on Networth / Equity (%) 27.9412.1713.5523.7421.15
Return on Capital Employeed (%) 33.2213.7117.9830.3918.10
Return On Assets (%) 26.6211.3213.0022.0319.28
Total Debt / Equity (X) 0.010.020.000.000.01
Asset Turnover Ratio (%) 0.230.250.630.840.71
Current Ratio (X) 18.6821.0534.7416.0612.41
Quick Ratio (X) 16.7118.6228.8512.9010.31
Inventory Turnover Ratio (X) 2.450.992.042.592.21
Dividend Payout Ratio (NP) (%) 1.804.545.123.373.24
Dividend Payout Ratio (CP) (%) 1.713.984.513.183.01
Earning Retention Ratio (%) 98.2095.4694.8896.6396.76
Cash Earning Retention Ratio (%) 98.2996.0295.4996.8296.99
Interest Coverage Ratio (X) 358.50293.501202.411217.27387.87
Interest Coverage Ratio (Post Tax) (X) 289.40226.87811.69894.78263.84
Enterprise Value (Cr.) -31.75205.58253.98208.75109.55
EV / Net Operating Revenue (X) -0.543.862.331.751.56
EV / EBITDA (X) -0.385.997.314.305.01
MarketCap / Net Operating Revenue (X) 2.583.822.381.761.58
Retention Ratios (%) 98.1995.4594.8796.6296.75
Price / BV (X) 0.620.931.501.401.02
Price / Net Operating Revenue (X) 2.583.822.381.761.58
EarningsYield 0.440.130.090.160.20

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

DHP India Ltd. is a Public Limited Listed company incorporated on 26/04/1991 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L65921WB1991PLC051555 and registration number is 051555. Currently Company is involved in the business activities of Manufacture of other general-purpose machinery. Company's Total Operating Revenue is Rs. 57.77 Cr. and Equity Capital is Rs. 3.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Oil Equipment & Services7B, Shreelekha, 7th Floor, Kolkata West Bengal 700016Contact not found
Management
NamePosition Held
Mr. Asheesh DabriwalManaging Director & CEO
Mr. Janak BhardwajCOO & Executive Director
Mrs. Anjum DhandhaniaNon Executive Woman Director
Mrs. Aditi BagchiInd. Non-Executive Woman Director
Dr. Subrata HaldarInd. Non-Executive Director
Mr. Surajit RahaInd. Non-Executive Director
Mr. Rajat BanerjeeInd. Non-Executive Director

FAQ

What is the intrinsic value of DHP India Ltd and is it undervalued?

As of 05 April 2026, DHP India Ltd's intrinsic value is ₹1273.48, which is 181.74% higher than the current market price of ₹452.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.84 %), book value (₹810), dividend yield (0.88 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of DHP India Ltd?

DHP India Ltd is trading at ₹452.00 as of 05 April 2026, with a FY2026-2027 high of ₹735 and low of ₹430. The stock is currently near its 52-week low. Market cap stands at ₹136 Cr..

How does DHP India Ltd's P/E ratio compare to its industry?

DHP India Ltd has a P/E ratio of 1.89, which is below the industry average of 13.35. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is DHP India Ltd financially healthy?

Key indicators for DHP India Ltd: ROCE of 3.43 % is on the lower side compared to the industry average of 14.61%; ROE of 2.84 % is below ideal levels (industry average: 15.31%). Dividend yield is 0.88 %.

Is DHP India Ltd profitable and how is the profit trend?

DHP India Ltd reported a net profit of ₹67 Cr in Mar 2025 on revenue of ₹58 Cr. Compared to ₹36 Cr in Mar 2022, the net profit shows an improving trend.

Does DHP India Ltd pay dividends?

DHP India Ltd has a dividend yield of 0.88 % at the current price of ₹452.00. The company pays dividends, though the yield is modest.

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 DHP India 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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