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Dhariwalcorp Ltd (DHARIWAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: DHARIWAL Trading | Small Cap | Dhariwalcorp Share Price

BSE Share Price
Not Listed

Dhariwalcorp Ltd (DHARIWAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: DHARIWAL Trading | Small Cap | Dhariwalcorp Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹300 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0.9
TTM Sales
₹236 Cr.
Book Value per Share
₹5.7
P/E Ratio
34.98
In line with its 5-year historical median
Industry PE
35.7
Price to Book (P/B)
5.64
Higher than its 5-year historical median
Price to Sales (P/S)
1.27
Higher than its 5-year historical median
EV/EBITDA
23.84
Higher than its 5-year historical median
Dividend Yield
0.48%
Profitability Efficiency
Return on Equity (ROE)
16.39%
Outperforms industry median
Return on Capital Employed (ROCE)
18.55%
Outperforms industry median
Return on Assets (ROA)
7.99%
Operating Profit Margin
1.4%
Net Profit Margin
1.52%
Gross Profit Margin
2.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.06%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-27.17%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-21.06%
Asset Quality
Promoter Holding
63.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹34 Cr.
Equity
₹18.8 Cr.
Face Value
₹2
All Time Low / High
- / -

Dhariwalcorp stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Dhariwalcorp Ltd a good quality company?
Dhariwalcorp Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Dhariwalcorp Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dhariwalcorp Ltd vs industry peers?
Dhariwalcorp Ltd revenue CAGR is 13.77%, compared to the industry median CAGR of 4.99%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Dhariwalcorp Ltd?
Promoters hold 63.65% of the Dhariwalcorp Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Dhariwalcorp Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -76.1% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dhariwalcorp Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ30.1%18.1%50.3%18.6%-
Value Creation
Index ⓘ		1.20.32.60.3-

Growth Parameters ⓘ
Sales ⓘ159194229234236
Sales YoY Gr.-22.3%18%2.1%-
Adj EPS ⓘ0.4-0.11.10.40.9
YoY Gr.--112.5%NA-61.3%-
BVPS (₹) ⓘ0.812.77.75.7
Adj Net
Profit ⓘ		1-0.13.51.99
Cash Flow from Ops. ⓘ10.8-0.5-13.2-
Debt/CF from Ops. ⓘ67.7-18.4-0.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA13.8%2.1%
Adj EPS ⓘNANA0.8%-61.3%
BVPSⓘNANA117.6%190.6%
Share Price - - - -78%

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		52.7-6.161.78.513.6
Op. Profit
Mgn % ⓘ		1.10.21.91.4NAN
Net Profit
Mgn % ⓘ		0.6-0.11.50.83.6
Debt to
Equity ⓘ		32.510.3-
Working Cap
Days ⓘ		02827550
Cash Conv.
Cycle ⓘ		01213290

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales159194229234
Operating Expenses ⓘ + 157194224230
Manufacturing Costs00812
Material Costs153192214216
Employee Cost 0010
Other Costs ⓘ 3212
Operating Profit ⓘ 2043
Operating Profit Margin (%) 1.1%0.2%1.9%1.4%
Other Income ⓘ + 1123
Exceptional Items ⓘ 0000
Interest ⓘ 0111
Depreciation ⓘ 0000
Profit Before Tax ⓘ 2165
Tax ⓘ 0021
Profit After Tax 1154
PAT Margin (%) 0.9%0.3%2.0%1.5%
Adjusted EPS (₹)0.60.21.40.8
Dividend Payout Ratio (%)0%0%10%11%

Valuation of Dhariwalcorp - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23935
Share Capital ⓘ 0079
Reserves ⓘ 22226
Debt +66911
Long Term Debt1023
Short Term Debt5668
Minority Interest0000
Trade Payables410218
Others Liabilities ⓘ 2225
Total Liabilities ⓘ 14202168

Fixed Assets

Net Fixed Assets ⓘ +2226
Gross Block2227
Accumulated Depreciation0001
CWIP ⓘ 0033
Investments ⓘ 0004
Inventories25527
Trade Receivables911817
Cash Equivalents 0000
Others Assets ⓘ 22411
Total Assets ⓘ 14202168

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 11-0-13
PBT ⓘ 2165
Adjustment ⓘ 0111
Changes in Working Capital ⓘ -1-1-6-18
Tax Paid ⓘ -0-0-1-1
Cash Flow From Investing Activity ⓘ + -00-3-11
Capex -0-0-3-5
Net Investments 00-0-4
Others ⓘ 000-2
Cash Flow From Financing Activity ⓘ + -1-1424
Net Proceeds from Shares ⓘ 00225
Net Proceeds from Borrowing ⓘ -0-020
Interest Paid ⓘ -0-1-1-1
Dividend Paid ⓘ 0000
Others ⓘ 001-0
Net Cash Flow ⓘ 000-0

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)74.3327.0280.0116.39
ROCE (%)30.0718.0950.318.55
Asset Turnover Ratio11.7411.7111.185.25
PAT to CFO Conversion(x)11-0-3.25
Working Capital Days
Receivable Days19.9018.601519.30
Inventory Days3.7067.9024.80
Payable Days9.2012.8010.2017.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Dhariwalcorp Ltd FAQs

The current trading price of Dhariwalcorp on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Dhariwalcorp stood at ₹300.4 Cr

The latest P/E ratio of Dhariwalcorp as of 31-Dec-1969 is 34.98.

The latest P/B ratio of Dhariwalcorp as of 31-Dec-1969 is 5.64.

The 52-week high of Dhariwalcorp is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhariwalcorp is ₹236 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhariwalcorp Ltd is a average quality company.

The key valuation ratios of Dhariwalcorp Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dhariwalcorp Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Dhariwalcorp Ltd

Dhariwalcorp Limited was originally incorporated under the name ‘Dhariwalcorp Private Limited’ under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated June 14, 2020, issued by the Assistant Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited and the name of Company was changed to ‘Dhariwalcorp Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on April 01, 2024. The fresh certificate of incorporation consequent to conversion was issued on May 04, 2024, by Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Centralised Processing Centre.

The company is engaged in the business of trading of comprehensive range of waxes, industrial chemicals, and petroleum jelly. The company is involved in processing, purchasing, selling, importing, and trading various types of wax, including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, Soya Wax, etc. 

Additionally, the company trade in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly. Its product range encompasses all types of heavy and light chemicals, chemical elements and compounds, petrochemicals, industrial chemicals, mixtures, derivatives, articles, compounds, by-products, and activities of a similar nature.

The company serves various industries including Plywood and Board, Paper Coating, Crayon Manufacturing, Candle Production, Textiles, Pharmaceuticals, Petroleum Jelly & Cosmetics, Tube & Tire Manufacturing, Match Production, Food Processing, and Adhesive Manufacturing. With its diverse range of products, it plays a significant role in the supply chain of these sectors, ensuring quality products and timely delivery. The company is engaged in wax trading business, sourcing, processing, and distribution of various types of waxes for a wide range of applications. With its focus on quality, sustainability, and customer satisfaction, it is committed to delivering products of relevant quality that meet its industry standards, ensuring customer satisfaction and trust. It continuously seeks new ways to improve its products, processes, and services, staying ahead of market trends and customer demands.

Business area of the company

The company is engaged in the business of trading of comprehensive range of waxes, industrial chemicals, and petroleum jelly.

Products of the company

Wax

  • Paraffin Wax
  • Slack Wax
  • Carnauba Wax 
  • Microcrystalline Wax
  • Semi Refined Paraffin Wax
  • Hydrocarbon Wax
  • Montan Wax
  • Polyethylene Wax
  • Vegetables Wax
  • Residue Wax
  • Palm Wax
  • Soya Wax

Industrial Chemicals

  • Rubber Process Oil
  • LLP Light Liquid Paraffin
  • Citric Acid Monohydrate
  • Refined Glycerine
  • Bitumen
  • Steric Acid

Petroleum Jelly

  • White Petroleum Jelly

History and milestones

  • 2020: Incorporation of the Company as private limited company.
  • 2024: Conversion of the Company from Private Limited to Public Limited Company.

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