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Dharni Capital Services Ltd (543753)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543753 NSE: Finance - Asset Management | Small Cap | Dharni Capital Serv. Share Price
₹55.25 0.00 (0.00%)
As on 24-Sep'26 16:59
Dharni Capital Services Ltd (543753)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543753 NSE: Finance - Asset Management | Small Cap | Dharni Capital Serv. Share Price
₹55.25 0.00 (0.00%)
As on 24-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹113 Cr.
Current Price
₹55.3
52-Week Low / High
₹53 / 66
TTM EPS
₹2.3
TTM Sales
₹9.6 Cr.
Book Value per Share
₹12.7
P/E Ratio
24.11
Lower than its 5-year historical median
Industry PE
37.2
Price to Book (P/B)
4.36
Lower than its 5-year historical median
Price to Sales (P/S)
11.78
Lower than its 5-year historical median
EV/EBITDA
18.81
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
18.66%
Underperforms industry median
Return on Capital Employed (ROCE)
22.36%
In line with industry median
Return on Assets (ROA)
15.37%
Operating Profit Margin
33.7%
Net Profit Margin
45.89%
Gross Profit Margin
64%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-7.49%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.46%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.87%
Asset Quality
Promoter Holding
73.64%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹24 Cr.
Equity
₹2 Cr.
Face Value
₹1
All Time Low / High
₹18.95 / 66.05
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Dharni Capital Services Ltd a good quality company?
Dharni Capital Services Ltd is a weak quality company, based on a inconsistent 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.
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.
How does Dharni Capital Services Ltd performance compare with that of its Peers?
Revenue growth of Dharni Capital Services Ltd vs industry peers?
Dharni Capital Services Ltd revenue CAGR is 26.66%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Dharni Capital Services Ltd?
Promoters hold 73.64% of the Dharni Capital Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Dharni Capital Services Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 27.32% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Dharni Capital Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.8% | 100.5% | 104.3% | 19.4% | 25% | 22.8% | 15.7% | - |
| Value Creation Index ⓘ | -0.6 | 6.2 | 6.5 | 0.4 | 0.8 | 0.6 | 0.1 | - |
Growth Parameters ⓘ |
||||||||
| Sales ⓘ | 0.2 | 2.6 | 14.7 | 4.7 | 8.2 | 6 | 5.6 | 6 |
| Sales YoY Gr. | - | 1,175% | 474.5% | -67.9% | 74.5% | -26.7% | -7.5% | - |
| Adj EPS ⓘ | 0 | 0.5 | 0.6 | 0.6 | 1.4 | 1.6 | 1.4 | 1.4 |
| YoY Gr. | - | 1050% | 39.1% | -9.4% | 148.3% | 9.7% | -11.4% | - |
| BVPS (₹) ⓘ | -0.1 | 0.3 | 1.5 | 7 | 8.4 | 10 | 11.4 | 11.4 |
| Adj Net Profit ⓘ | 0 | 0.2 | 1 | 1.2 | 2.9 | 3.2 | 2.9 | 3 |
| Cash Flow from Ops. ⓘ | 0 | 0.3 | 0.9 | 1.1 | 2 | 2.8 | 6.9 | - |
| Debt/CF from Ops. ⓘ | 12.9 | 0.4 | 0 | 0 | 0 | 0.1 | 0.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 16.9% | 5.8% | -7.5% | ||||
| Adj EPS ⓘ | NA | 24.9% | 34.1% | -11.4% | ||||
| BVPSⓘ | NA | 103.1% | 17.8% | 14.1% | ||||
| Share Price | - | - | 27.3% | -2% | ||||
Key Financial Parameters ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -32.7 | 432.3 | 81.2 | 14.5 | 18.8 | 17.2 | 13.1 | 12.3 |
| Op. Profit Mgn % ⓘ | 22.6 | 8.6 | 8.9 | 28.7 | 36.5 | 53.9 | 54.6 | NAN |
| Net Profit Mgn % ⓘ | 6.8 | 6 | 6.6 | 25.3 | 35.8 | 53.5 | 51.5 | 51.4 |
| Debt to Equity ⓘ | -5.5 | 0.8 | 0 | 0 | 0 | 0 | 0.2 | - |
| Working Cap Days ⓘ | 0 | 16 | 10 | 56 | 147 | 356 | 501 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -2 | -0 | 3 | 2 | 3 | 4 | 0 |
Valuation of Dharni Capital Serv. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Income + | 5 | 10 | 9 | 13 |
| Exceptional Items ⓘ | 0 | 1 | 3 | 3 |
| Expenditure ⓘ + | 3 | 5 | 4 | 7 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2 | 4 | 5 | 6 |
| Taxes ⓘ | 0 | 1 | 1 | 1 |
| Profit After Tax | 1 | 3 | 4 | 4 |
| Adjusted EPS (₹) | 0.6 | 1.5 | 1.9 | 2.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 14 | 17 | 21 | 26 | ||||||
| Short term borrowings | 0 | 0 | 0 | 4 | ||||||
| Long Term Borrowings | -0 | -0 | 2 | -0 | ||||||
| Current Liabilities | 0 | 3 | 2 | 6 | ||||||
| Trade Payables | 0 | 2 | 0 | 0 | ||||||
| Other Liabilities | -0 | -2 | -0 | -4 | ||||||
| Total Liabilities ⓘ | 15 | 20 | 25 | 32 | ||||||
Assets | ||||||||||
| Non Current Asset + | 3 | 10 | 20 | 29 | ||||||
| Current Asset + | 12 | 11 | 5 | 3 | ||||||
| Total Assets ⓘ | 15 | 20 | 25 | 32 | ||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 4 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -1 | -10 | -7 | 3 |
| Cash Flow From Financing Activity ⓘ | 11 | -0 | 2 | -2 |
| Net Cash Flow ⓘ | 10 | -6 | -5 | 0 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 0.60 | 1.50 | 1.90 | 2.30 | ||||||
| DPS (₹) | 0 | 0 | 0 | 0 | ||||||
| BVPS (₹) | 7 | 8.5 | 10.4 | 12.7 | ||||||
Performance Ratios | ||||||||||
| ROA (%) | 8.1 | 17.8 | 16.8 | 15.4 | ||||||
| ROE (%) | 8.4 | 19.7 | 19.7 | 18.7 | ||||||
| ROCE (%) | 11.3 | 26.3 | 25.0 | 22.4 | ||||||
Valuation Parameters | ||||||||||
| Price/Book(x) | 3.0 | 5.2 | 4.9 | 4.9 | ||||||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Dharni Capital Services Ltd FAQs
The current trading price of Dharni Capital Serv. on 24-Sep-2026 16:59 is ₹55.25.
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 23-Sep-2026 the market cap of Dharni Capital Serv. stood at ₹112.5 Cr
The latest P/E ratio of Dharni Capital Serv. as of 23-Sep-2026 is 39.35.
The latest P/B ratio of Dharni Capital Serv. as of 23-Sep-2026 is 4.85.
The 52-week high of Dharni Capital Serv. is ₹66.05 and the 52-week low is ₹52.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dharni Capital Serv. is ₹5.56 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dharni Capital Services Ltd is a below average quality company.
The key valuation ratios of Dharni Capital Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dharni Capital Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Dharni Capital Services Ltd
The Company was incorporated as ‘Dharni Online Services Private Limited’ on November 12, 2015 as a Private Limited Company under the Companies Act, 2013 with the Registrar of Companies, Bangalore, Karnataka. Subsequently, the name of the Company was changed to “Dharni Capital Services Private Limited” vide Certificate of Incorporation pursuant to change of name dated March 28, 2022 issued by Registrar of Companies, Bangalore, Karnataka. Pursuant to a special resolution passed by the company’s shareholders in the Extra-Ordinary General Meeting held on April 26, 2022, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Dharni Capital Services Limited’, and a fresh certificate of incorporation dated May 17, 2022 was issued to the Company by the Registrar of Companies, Bangalore, Karnataka.
Dharni Capital Services offers diversified financial services such as Mutual Fund Distribution Services, Fixed Deposit Distribution Services, Real Estate Brokerage Services, Technical Consultancy and Outsourcing. The modus operandi is to counsel individual clients, understand their profile, needs and concerns, build customized financial investment portfolios, offers a comprehensive selection of investment alternatives that will suit their financial goals. It offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. The company has become an important interface between asset management companies (AMCs) and Clients.
The company is an empaneled distributor with SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nippon Mutual Fund, Kotak Mutual Fund, UTI Mutual Fund, Axis Mutual Fund and many more. The company is also registered with Karnataka RERA Authority as an Agent. The company is registered as a Real Estate Broker with large players like Prestige Estate Projects and Embassy Group. The company has recently taken the RERA registration. In this dynamic and extremely competitive business environment, it has developed a strong relationship with various customers. Its team has a combined experience of many years in the Real estate business, with its team members having worked with organizations like Salarpuria Sattva Group, Prestige Estates and Sobha in the past.
Business area of the company
The company is engaged in providing a variety of financial services. They offer their distinct services to the customers in the form of Mutual Fund Distribution Services, Fixed Deposit Distribution Services, Real Estate Brokerage Services and Technical Consultancy and Outsourcing.
Major events and milestones
- 2015: Incorporation of the Company.
- 2018: Obtained ARN to provide Mutual Fund Distribution services.
- 2018: Registered as a Distributor with various Mutual Funds including SBI Mutual Fund, HDFC Mutual Fund, ICICI Mutual Fund, Kotak Mutual Fund, Aditya Birla Sunlife Mutual Fund, Axis Mutual Fund, UTI Mutual Fund, Nippon India Mutual Fund, etc.
- 2018: Mutual Fund AUM of 17.4 crore on December 31, 2018.
- 2019: Launched website www.dharniwealth.com for ease of transaction for Mutual Fund Investors.
- 2019: Launched Personalised app “Dharni Wealth” and “Dharni Online”on the app store and play store.
- 2019: Mutual Fund AUM of 31.8 crore on December 31, 2019.
- 2020: Launched Fixed Deposit Distribution.
- 2020: Empanelled as a Distributor of Fixed Deposits with Shriram Transport Finance Company Limited, PNB Housing Finance Limited.
- 2020: Sold Mutual Funds worth 44 crore in a single month of November 2020.
- 2020: Gross Sales of Mutual Funds touched 100 crore plus since inception.
- 2020: Mutual Fund AUM of 94.7 crore as on December 31, 2020.
- 2021: Obtained RERA Real Estate Agent License in Karnataka.
- 2021: Launched Property Advisory /Distribution services.
- 2021: Empanelled as a Real Estate Agent with companies like Prestige Estate, Embassy Group, etc in Karnataka.
- 2021: Made Fixed Deposits worth over Rs 100 crore in trailing 12 months ended Sep 30, 2021
- 2021: Total Assets under Management in Mutual Funds and Fixed Deposits crossed 200 crore during the year.
- 2021: Made right Issue of Rs 1.19 crore to existing shareholders to augment the financial resources of the company.
- 2021: Launched Distribution of Fraction ownership in Real Estate.
- 2022: Issues bonus shares to the existing shareholder of the company to increase the paid-up share capital of the company to Rs 1.50 crore.
- 2022: Certificate of incorporation pursuant to change in name from ‘Dharni Online Services Private Limited’ to ‘Dharni Capital Services Private Limited’.
- 2022: Certificate of incorporation pursuant to change in name from ‘Dharni Capital Services Private Limited’ to ‘Dharni Capital Service Limited’.
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