Fundamental Analysis of Dhunseri Investments Ltd

[display_about_company_data title=”About the Company – Dhunseri Investments Ltd”]

Basic Stock Data of Dhunseri Investments Ltd

Last Updated: September 21, 2026, 8:10 pm

Market Cap	589 Cr. Cr
Current Price	965
Intrinsic Value	₹4,227.52
High / Low	1,050/555
Stock P/E	4.26
Book Value	4,040
Dividend Yield	0.25 %
ROCE	23.3 %
ROE	13.9 %
Face Value	10.0
PEG Ratio	0.04

Dhunseri Investments Ltd Quarterly Results

Metric	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	67.67	70.27	55.83	49.73	37.62	135.98	39.47	55.32	39.50	141.62	52.95	60.81	73.06
Expenses	19.69	19.87	17.32	17.89	21.31	145.60	56.75	22.85	50.71	135.00	25.10	29.16	63.93
Operating Profit	47.98	50.40	38.51	31.84	16.31	-9.62	-17.28	32.47	-11.21	6.62	27.85	31.65	9.13
OPM %	70.90%	71.72%	68.98%	64.03%	43.35%	-7.07%	-43.78%	58.69%	-28.38%	4.67%	52.60%	52.05%	12.50%
Other Income	50.48	76.82	103.43	63.70	103.54	93.43	257.08	263.71	139.66	62.95	27.17	76.09	11.72
Interest	1.15	0.96	0.99	0.83	1.58	2.03	0.90	1.00	1.71	2.14	0.90	0.96	8.31
Depreciation	6.60	6.28	6.31	5.74	5.47	5.25	5.32	5.31	5.61	5.83	5.83	5.62	6.60
Profit before tax	90.71	119.98	134.64	88.97	112.80	76.53	233.58	289.87	121.13	61.60	48.29	101.16	5.94
Tax %	21.03%	16.63%	17.14%	20.21%	22.03%	34.85%	27.16%	22.78%	25.95%	27.29%	15.59%	22.34%	114.48%
Net Profit	71.64	100.04	111.57	70.99	87.95	49.86	170.13	223.86	89.71	44.79	40.77	78.56	-0.86
EPS in Rs	72.30	69.21	109.23	77.12	74.61	-8.33	145.90	220.76	86.81	26.68	38.38	74.92	-9.86

Last Updated: Unknown

Dhunseri Investments Ltd Quarterly Chart

Dhunseri Investments Ltd Profit & Loss

Last Updated: Unknown

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	32	2,506	2,805	741	77	211	280	243	295
Expenses	14	2,267	2,577	738	114	72	202	232	240
Operating Profit	19	239	227	3	-37	139	78	11	55
OPM %	58%	10%	8%	0%	-49%	66%	28%	5%	19%
Other Income	0	460	21	65	36	197	363	723	306
Interest	0	64	52	23	7	5	5	6	6
Depreciation	0	36	31	5	28	26	23	22	23
Profit before tax	19	599	165	40	-36	306	413	706	332
Tax %	8%	-7%	18%	-6%	38%	18%	22%	25%
Net Profit	-62	652	149	42	-23	249	320	528	254
EPS in Rs	-101.16	594.68	162.60	47.51	5.58	230.97	252.62	480.15	226.79
Dividend Payout %	-1%	0%	1%	3%	27%	1%	1%	1%

Dhunseri Investments Ltd Profit & Loss Yearly Chart

Dhunseri Investments Ltd Growth

Compounded Sales Growth
10 Years:	%
5 Years:	48%
3 Years:	24%
TTM:	-11%

Compounded Profit Growth
10 Years:	%
5 Years:	94%
3 Years:	-16%
TTM:	34%

Stock Price CAGR
10 Years:	26%
5 Years:	45%
3 Years:	30%
1 Year:	-22%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	6%
Last Year:	3%

Last Updated: Unknown

No data available for the Balance Sheet data table.

Dhunseri Investments Ltd Reserves and Borrowings Chart

Dhunseri Investments Ltd Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	4	-417	134	9	48	26	-34	383	133	65	137
Cash from Investing Activity +	-3	-265	97	27	-5	37	36	-360	-92	-74	-725
Cash from Financing Activity +	-1	708	-136	-76	-31	-56	11	200	-43	-41	484
Net Cash Flow	1	26	95	-40	12	7	13	223	-2	-51	-104
Free Cash Flow	4	-409	116	-1	40	-17	-114	24	41	-9	-588
CFO/OP	34%	-168%	76%	649%	-147%	19%	28%	3,826%	164%	290%	-208%

Dhunseri Investments Ltd Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0	33	41	0	0	0	0	0	3	5
Inventory Days	0	53	66	0	9	12	1	2	38	28
Days Payable		30	63	5	120	78	11	12	61	36
Cash Conversion Cycle	0	56	44	-5	-111	-66	-10	-11	-20	-3
Working Capital Days	-19	-18	-2	-5	-83	126	194	37	47	96
ROCE %		31%	10%	4%	-2%	16%	17%	23%	5%	6%

Dhunseri Investments Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund.

Dhunseri Investments Ltd ROCE Trend

Dhunseri Investments Ltd EPS Trend

Dhunseri Investments Ltd Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	480.16	252.63	230.98	5.58	143.90
Diluted EPS (Rs.)	480.16	252.63	230.98	5.58	143.90
Cash EPS (Rs.)	-177.39	62.43	192.39	63.00	253.62
Book Value[Excl.RevalReserv]/Share (Rs.)	5071.70	4154.28	3439.08	2768.38	2041.49
Book Value[Incl.RevalReserv]/Share (Rs.)	5071.70	4154.28	3439.08	2768.38	2502.95
Revenue From Operations / Share (Rs.)	398.41	457.83	340.21	124.30	4327.44
PBDIT / Share (Rs.)	123.49	223.17	285.97	51.70	408.00
PBIT / Share (Rs.)	87.29	185.83	244.05	6.45	364.76
PBT / Share (Rs.)	77.87	176.91	243.01	-4.58	318.87
Net Profit / Share (Rs.)	-213.59	25.09	150.48	17.75	210.38
NP After MI And SOA / Share (Rs.)	480.15	252.63	230.98	5.58	143.90
PBDIT Margin (%)	30.99	48.74	84.05	41.59	9.42
PBIT Margin (%)	21.91	40.58	71.73	5.18	8.42
PBT Margin (%)	19.54	38.64	71.43	-3.68	7.36
Net Profit Margin (%)	-53.61	5.48	44.23	14.27	4.86
NP After MI And SOA Margin (%)	120.51	55.17	67.89	4.48	3.32
Return on Networth / Equity (%)	12.89	7.92	8.43	0.24	10.36
Return on Capital Employeed (%)	1.48	4.04	6.45	0.21	14.00
Return On Assets (%)	7.36	5.25	5.89	0.17	5.43
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.06
Total Debt / Equity (X)	0.14	0.04	0.02	0.04	0.07
Asset Turnover Ratio (%)	0.07	0.10	0.01	0.01	0.01
Current Ratio (X)	2.74	8.54	10.48	5.96	14.58
Quick Ratio (X)	2.74	8.54	10.48	5.96	14.57
Inventory Turnover Ratio (X)	35.53	34.72	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	0.52	0.98	1.19	207.06	1.04
Dividend Payout Ratio (CP) (%)	0.48	0.86	1.00	22.72	0.80
Earning Retention Ratio (%)	99.48	99.02	98.81	-107.06	98.96
Cash Earning Retention Ratio (%)	99.52	99.14	99.00	77.28	99.20
Interest Coverage Ratio (X)	13.11	25.03	36.10	4.69	4.36
Interest Coverage Ratio (Post Tax) (X)	-21.68	3.81	19.13	2.61	2.74
Enterprise Value (Cr.)	1250.80	1008.70	599.15	424.81	599.69
EV / Net Operating Revenue (X)	5.15	3.61	2.89	5.61	0.22
EV / EBITDA (X)	16.61	7.41	3.44	13.48	2.41
MarketCap / Net Operating Revenue (X)	1.50	1.37	0.79	0.94	0.06
Retention Ratios (%)	99.47	99.01	98.80	-107.06	98.95
Price / BV (X)	0.16	0.19	0.09	0.05	0.18
Price / Net Operating Revenue (X)	1.50	1.37	0.79	0.94	0.06
EarningsYield	0.80	0.40	0.84	0.04	0.54

Dhunseri Investments Ltd Profitability Ratios (%)

Dhunseri Investments Ltd Liquidity Ratios

Dhunseri Investments Ltd Liquidity Ratios (%)

Dhunseri Investments Ltd Interest Coverage Ratios (%)

Dhunseri Investments Ltd Valuation Ratios

Fair Value

₹1,918.58Undervalued by 98.82%vs CMP ₹965.00

P/E (4.3) × ROE (13.9%) × BV (₹4,040.00) × DY (0.25%)

₹4,227.52Undervalued by 338.08%vs CMP ₹965.00

MoS: +77.2% (Strong)Confidence: 50/100 (Moderate)Models: 5 Under, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹4,025.11	27%	Under (+317.1%)
Graham Number	Earnings	₹4,540.40	20%	Under (+370.5%)
Earnings Power	Earnings	₹4,680.73	13%	Under (+385%)
DCF	Cash Flow	₹10,209.85	13%	Under (+958%)
EV/EBITDA	Enterprise	₹432.53	11%	Over (-55.2%)
Earnings Yield	Earnings	₹2,267.90	9%	Under (+135%)
Revenue Multiple	Revenue	₹199.06	7%	Over (-79.4%)
Consensus (7 models)		₹4,227.52	100%	Undervalued

Key Drivers: EPS CAGR 109.8% lifts DCF — verify sustainability. | Wide model spread (₹199–₹10,210) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 109.8%

*Investments are subject to market risks