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Dreamfolks Services Ltd (DREAMFOLKS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543591 NSE: DREAMFOLKS Airport Management Services | Small Cap | Dreamfolks Services Share Price

₹69.78 2.95 (4.41%)

As on 12-Jun'26 16:59

Dreamfolks Services Ltd (DREAMFOLKS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543591 NSE: DREAMFOLKS Airport Management Services | Small Cap | Dreamfolks Services Share Price

₹69.78 2.95 (4.41%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹372 Cr.
Current Price
₹69.8
52-Week Low / High
₹57 / 291
TTM EPS
₹2.7
TTM Sales
₹658 Cr.
Book Value per Share
₹60.5
P/E Ratio
26.01
Lower than its 5-year historical median
Industry PE
702.1
Price to Book (P/B)
1.15
Lower than its 5-year historical median
Price to Sales (P/S)
0.56
Lower than its 5-year historical median
EV/EBITDA
13.27
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
26.58%
In line with industry median
Return on Capital Employed (ROCE)
35.93%
In line with industry median
Return on Assets (ROA)
14.45%
Operating Profit Margin
7.2%
Net Profit Margin
5.39%
Gross Profit Margin
7.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.83%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-2.46%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0%
Asset Quality
Promoter Holding
65.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹311 Cr.
Equity
₹10.7 Cr.
Face Value
₹2
All Time Low / High
₹56.52 / 846.75

Dreamfolks Services stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Dreamfolks Services Ltd a good quality company?
Dreamfolks Services Ltd is a good quality company, based on a consistently good 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 Dreamfolks Services Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dreamfolks Services Ltd vs industry peers?
Dreamfolks Services Ltd revenue CAGR is 28.62%, compared to the industry median CAGR of 28.62%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Dreamfolks Services Ltd?
Promoters hold 65.72% of the Dreamfolks Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Dreamfolks Services Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -46.78% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Dreamfolks Services Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 61.5%84.5%0.8%29%81.5%47.8%35.9%-
Value Creation
Index
3.45.0-0.91.14.82.41.6-

Growth Parameters

Sales 2483671062837731,1351,292658
Sales YoY Gr.-47.8%-71.2%167.4%173.7%46.8%13.8%-
Adj EPS 2.96-0.4313.71312.62.7
YoY Gr.-106.9%-107%NA360.9%-5%-2.9%-
BVPS (₹) 6.512.512.315.529.343.155.560.5
Adj Net
Profit
15.331.6-2.215.571.668.967.314
Cash Flow from Ops. 17.622.46.3-11.749.821.661.6-
Debt/CF from Ops. 0.10.10.5-0.200.10-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA28.6%66%13.8%
Adj EPS NA15.9%62%-2.9%
BVPSNA34.6%53%28.6%
Share Price - - -50.6% -74.3%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
44.763.3-3.421.259.93524.84.6
Op. Profit
Mgn %
9.412.3-0.4812.88.47.20.8
Net Profit
Mgn %
6.28.6-2.15.59.36.15.22.2
Debt to
Equity
0.10.10.100000
Working Cap
Days
091313139939397205
Cash Conv.
Cycle
033212122229170

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2483671062827731,1351,292
Operating Expenses + 2253221062606741,0401,199
Manufacturing Costs209300882376459981,142
Material Costs0000000
Employee Cost 12181317182840
Other Costs 3466111418
Operating Profit 2345-023999593
Operating Profit Margin (%) 9.4%12.3%-0.4%8.0%12.8%8.4%7.2%
Other Income + 0121339
Exceptional Items 0000000
Interest 0111114
Depreciation 1222344
Profit Before Tax 2244-020979494
Tax 71214252425
Profit After Tax 1532-116737070
PAT Margin (%) 6.2%8.6%-1.4%5.8%9.4%6.1%5.4%
Adjusted EPS (₹)2.96.1-0.33.113.913.113.1
Dividend Payout Ratio (%)0%0%0%0%0%15.20%0%

Valuation of Dreamfolks Services - 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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 34666481153229296
Share Capital 55510101111
Reserves 29616070143218285
Debt +1211100
Long Term Debt1211100
Short Term Debt0000000
Minority Interest0000000
Trade Payables38563171139163165
Others Liabilities 21222519524964
Total Liabilities 94146122172346440524

Fixed Assets

Net Fixed Assets +45111411913
Gross Block6101720212324
Accumulated Depreciation3457101411
CWIP 0100000
Investments 0000464592
Inventories0000000
Trade Receivables46694091202265294
Cash Equivalents 16321015375757
Others Assets 29396153506468
Total Assets 94146122172346440524

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 18226-12502262
PBT 2244-020979494
Adjustment 2104587
Changes in Working Capital 4-64-29-34-46-14
Tax Paid -10-162-8-19-34-25
Cash Flow From Investing Activity + -70-276-30-15-51
Capex -0-7-28195-2-1
Net Investments -770-13-48-14-47
Others 0010121-3
Cash Flow From Financing Activity + -51-2-3-23-8
Net Proceeds from Shares 0000072
Net Proceeds from Borrowing -51-1-0-0-1-0
Interest Paid -0-0-0-1-1-0-1
Dividend Paid 00000-3-8
Others -0-0-1-2-1-1-1
Net Cash Flow 523-22-91893

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)44.6963.56-2.2322.3862.0136.526.58
ROCE (%)61.4784.450.828.9881.4947.8435.93
Asset Turnover Ratio2.633.060.791.922.992.892.68
PAT to CFO Conversion(x)1.20.69N/A-0.750.680.310.89
Working Capital Days
Receivable Days67.1056.80186.7084.1069.1075.1079
Inventory Days0000000
Payable Days0000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Dreamfolks Services Ltd FAQs

The current trading price of Dreamfolks Services on 12-Jun-2026 16:59 is ₹69.78.

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 11-Jun-2026 the market cap of Dreamfolks Services stood at ₹371.7 Cr

The latest P/E ratio of Dreamfolks Services as of 11-Jun-2026 is 26.01.

The latest P/B ratio of Dreamfolks Services as of 11-Jun-2026 is 1.15.

The 52-week high of Dreamfolks Services is ₹291.2 and the 52-week low is ₹56.52.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dreamfolks Services is ₹658 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dreamfolks Services Ltd is a good quality company.

The key valuation ratios of Dreamfolks Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Dreamfolks Services Ltd

Dreamfolks Services was originally incorporated as ‘Believe Tradelink Private Limited’, at New Delhi as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at Delhi (RoC) on April 24, 2008. Subsequently, pursuant to a special resolution passed by the Shareholders of the Company on May 1, 2015, the Company’s name was changed to ‘Dreamfolks Services Private Limited’, and a fresh certificate of incorporation dated June 12, 2015, was issued to the Company by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on October 20, 2021 and the name of the Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on November 23, 2021.

Dreamfolks Services is a dominant player and India's largest airport services aggregator platform, facilitating an enhanced airport experience for passengers through a technology-driven platform. Its asset-light business model integrates global card networks operating in India (Card Networks), credit and debit card issuers (Card Issuers), and other corporate clients, including airline companies (Corporate Clients and, together with Card Networks and Card Issuers, the Clients), with various airport lounge operators and other airport-related service providers (collectively, the Operators) on a unified technology platform. The company facilitates access for customers of its Clients (Consumers) to a range of airport-related services, including: (i) lounges, (ii) food and beverage, (iii) spa services, (iv) meet and assist services, (v) airport transfers, (vi) transit hotels/nap room access, and (vii) baggage transfer services (collectively, the Services).

The company’s platform and services portfolio allow Card Networks, Card Issuers, and Corporate Clients to build bespoke solutions addressing disparate aspects of airport services for Consumers. Card Networks and Card Issuers can avail of any of the Services and may provide complimentary lounge access and complimentary access to other Services to the Consumers as part of their offerings under eligible credit and debit cards programmes, and it enable this access across Services. Corporate Clients also leverage its solutions to extend benefits to their user base and facilitate access to Services. It provides Clients the option of providing the Consumers different mechanisms to access certain airport related services like lounges via the more traditional mechanisms like credit cards or debit cards, membership cards, or via digital solutions such as mobile applications using its hybrid technology.

Business area of the company

The company and its subsidiaries primarily integrate global card networks operating in India, card issuers, and corporate clients including airline companies with various airport lounge operators, transport operators, golf course operators and other airport service providers on a unified technology platform. The company is engaged in providing benefit management services through a proprietary technology platform that empowers clients such as banks, card networks, airlines, and corporations to tailor airport and lifestyle service offerings for their end customers.

Awards and accreditations

  • 2016: Certified compliance with Payment Card Industry Data Security Standard (PCI DSS).
  • 2016: Received Information Management System ISO/ IEC 27001:2013 certification.
  • 2018: Payment & Cards Award for Best Emerging Engagement Loyalty Scheme of the Year by Kamikaze.
  • 2020: Award from the Economic Times in the category of Promising Brands.
  • 2021: National Achievers Award 2021 by Brand Icon.
  • 2021: SOC 1 - Type 1 and SOC 1 - Type 2 certification.
  • 2021: Global Excellence Award in the category of ‘Most Consumer Focused Airport Service Provider’ by acquisition international.
  • 2024: The company won Best Banking Card Service Provider of the Year at the 11th edition of The Payments Reloaded Awards 2024.
  • 2024: The company received Business Innovation Award at the 14th edition of Entrepreneur Awards 2024.
  • 2024: It was recognized with the Deloitte India Technology Fast 50 Awards 2024 in the category - Travel & Hospitality Tech at the 19th edition of the Deloitte Technology Fast 50 India program.
  • 2024: Dreamfolks Services was named Best User Experience Solution Provider at the 8th Annual India Banking Summit & Awards 2024.
  • 2024: It was recognized as the Iconic Brands of India 2024 by ET Now.
  • 2025: The company received the Excellence in Premium Travel & Lifestyle Solutions award at the TAFI (Travel Agents Federation of India) Convention 2025 in Vietnam.

Major events and milestones

  • 2013: Launch of flagship ‘Lounge Access Programme’ with one of world’s largest Card Networks.
  • 2016: Tied up directly with prominent Indian Card Issuers for lounge programs.
  • 2016: Got ISO 27001 & PCI DSS certification for the first time.
  • 2016: Tied up with prominent Indian Corporate Clients including a prominent airline company.
  • 2018 DreamFolks’ Membership card unveiled as part of the Global lounge program with a prominent Card Issuer.
  • 2019: Launched in-house technology platform with only Indian Card network.
  • 2019: Launched real time voucher issuance through APIs with a Corporate Client.
  • 2019: Launched first program for a prominent telecom company with complimentary lounge benefits as part of mobile billing plan.
  • 2020: Expanded into a new global operating model with direct contracts with operators across the globe.
  • 2020: Launched first In-app integrated solution with prominent Indian Card Issuer to provide its Consumers including through its mobile application and website to Services.
  • 2022 Forayed into the railways sector to provide lounge access at 8 railway stations in India.
  • 2022: Conversion of Company into a public limited company.
  • 2022: Listed on NSE & BSE
  • 2022: Forayed into the railway sector with lounge access at 12 major stations.
  • 2023: Launched self check-in kiosks at major Indian airports.
  • 2023: Acquired Vidsur Golf (now known as Golfklik Private Limited) to expand premium offerings.
  • 2023: Rolled out Web-access Tool for QR-based access.
  • 2024: Incorporated a wholly owned subsidiary in Singapore and expanded its global presence by entering the Malaysian market.
  • 2024: Launched The DreamFolks Club to offer exclusive membership benefits.
  • 2024: The company forged a strategic partnership with RedBeryl to elevate its luxury lifestyle services.
  • 2025: Introduced Highway Dining as a service.
  • 2025 Rolled out Coffee at Malls, Pay & Use, and Access to members-only recreational facilities.

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