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Dhatre Udyog Ltd (540080)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540080 NSE: Steel & Iron Products | Small Cap | Dhatre Udyog Share Price

₹4.24 -0.16 (-3.64%)

As on 02-Jul'26 16:59

Dhatre Udyog Ltd (540080)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540080 NSE: Steel & Iron Products | Small Cap | Dhatre Udyog Share Price

₹4.24 -0.16 (-3.64%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹46 Cr.
Current Price
₹4.2
52-Week Low / High
₹3 / 8
TTM EPS
₹-0.2
TTM Sales
₹9.1 Cr.
Book Value per Share
₹6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
24.3
Price to Book (P/B)
0.71
Lower than its 5-year historical median
Price to Sales (P/S)
5.06
Higher than its 5-year historical median
EV/EBITDA
-21.05
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.50%
Underperforms industry median
Return on Capital Employed (ROCE)
3.56%
Underperforms industry median
Return on Assets (ROA)
2.39%
Operating Profit Margin
1.8%
Net Profit Margin
1.18%
Gross Profit Margin
2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-30.55%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-41.67%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-84.78%
Asset Quality
Promoter Holding
61.92%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹54 Cr.
Equity
₹10.9 Cr.
Face Value
₹1
All Time Low / High
₹0.70 / 31.73

Dhatre Udyog stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Dhatre Udyog Ltd a good quality company?
Dhatre Udyog Ltd is a quality company, based on a 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 Dhatre Udyog Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Dhatre Udyog Ltd vs industry peers?
Dhatre Udyog Ltd revenue CAGR is -16.64%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Dhatre Udyog Ltd?
Promoters hold 61.92% of the Dhatre Udyog Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Dhatre Udyog Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 8.51% 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.
Dhatre Udyog 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.4%14.7%13.3%12.1%-12.1%-26%96.4%16.4%23.5%3.6%-
Value Creation
Index
-0.10.1-0.1-0.1-1.9NA5.90.20.7-0.8-

Growth Parameters

Sales 50377477875235977.911.61072081449
Sales YoY Gr.-54%0.4%-3.3%-52.3%-78.3%-85.1%821.7%94%-30.6%-
Adj EPS 0.30.20.20.2-2.8-5.1-133.10.610.2-0.2
YoY Gr.--24%10.5%-4.8%-1515%NANANA65.6%-84.2%-
BVPS (₹) 3.53.63.73.91-3.971.85.66.566
Adj Net
Profit
1.92.12.32.2-30.9-55.9-72.66.7111.7-2
Cash Flow from Ops. 6.5-10.57.318.2-10331.40.1-2.321.8-0.7-
Debt/CF from Ops. 13.1-10.215.76.7-2.36.527.5-0.500-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -13%-16.6%131.6%-30.6%
Adj EPS -4.8%NANA-84.2%
BVPS6.1%43.4%-56.3%-7.1%
Share Price - 3.4% -23.9% -45.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.36.55.85.3-116.3356.6-1958.612.116.72.5-2.8
Op. Profit
Mgn %
2.72.42.52.3-7.4-73.376.62.21.8-21
Net Profit
Mgn %
0.40.30.30.3-8.6-71.7-624.76.25.31.2-20.3
Debt to
Equity
3.32.82.92.922-4.80.10000
Working Cap
Days
10383871122277682,5841458512410,189
Cash Conv.
Cycle
554333521536892,21513072839,679

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales503774.48777.50751.68358.5277.9311.62107.10207.76144.29
Operating Expenses + 490.09756.18758.46734.67385.80135.0710.81100.06203.20141.63
Manufacturing Costs7.456.396.398.577.056.697.235.525.443.39
Material Costs474.16738.40733.93705.82344.6571.14090.07190.84133.31
Employee Cost 1.922.202.253.614.464.833.083.534.072.78
Other Costs 6.569.1915.8916.6729.6552.410.500.942.842.15
Operating Profit 12.9118.3019.0417.02-27.28-57.130.817.044.562.66
Operating Profit Margin (%) 2.6%2.4%2.4%2.3%-7.6%-73.3%7.0%6.6%2.2%1.8%
Other Income + 1.071.032.633.163.955.310.252.9611.600.30
Exceptional Items 00-0.77000101.96000
Interest 11.6015.6217.0915.8423.0626.900.030.1000.02
Depreciation 0.540.540.870.911.671.340.540.630.600.55
Profit Before Tax 1.843.172.943.43-48.05-80.06102.469.2615.572.40
Tax 0.611.071.171.24-16.74-27.0235.682.584.390.70
Profit After Tax 1.232.101.772.19-31.32-53.0466.786.6811.171.70
PAT Margin (%) 0.2%0.3%0.2%0.3%-8.7%-68.1%574.6%6.2%5.4%1.2%
Adjusted EPS (₹)0.20.20.20.2-2.9-4.9122.40.61.00.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Dhatre Udyog - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 25.7738.8639.9742.1910.85-42.1939.1561.0470.4365.39
Share Capital 7.3110.9110.9110.9110.9110.910.5510.9010.9010.90
Reserves 18.4627.9529.0631.28-0.06-53.1038.6050.1559.5454.50
Debt +85.08106.68114.60121.32237.14202.522.721.1900
Long Term Debt14.0413.539.9515.9016.691.152.721.1900
Short Term Debt71.0393.15104.65105.42220.45201.360000
Minority Interest0000000000
Trade Payables52.7094.7289.59119.313.671.980.370.374.640.24
Others Liabilities 8.654.6010.7013.59-8.93-18.953.85-3.590.870.35
Total Liabilities 172.20244.86254.86296.41242.72143.3646.0859.0175.9465.98

Fixed Assets

Net Fixed Assets +10.7212.2717.0519.4222.0915.089.329.198.994.85
Gross Block15.2617.3517.7420.8724.8521.1013.3113.8114.186.32
Accumulated Depreciation4.545.080.701.452.766.023.994.625.191.47
CWIP 0.1600.762.05000000
Investments 2.412.973.253.092.29000.0117.9810.04
Inventories37.8057.4919.6517.8913.321.511.517.305.431.24
Trade Receivables100.86136.65176.32215.56175110.3530.2337.9335.9628.41
Cash Equivalents 14.1919.5717.6026.4018.510.050.440.801.360.79
Others Assets 6.0515.9120.221211.5116.364.583.786.2120.66
Total Assets 172.20244.86254.86296.41242.72143.3646.0859.0175.9465.98

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6.49-10.517.3318.24-103.4731.390.10-2.3021.80-0.70
PBT 1.843.172.943.43-48.05-80.06102.469.2615.572.40
Adjustment 11.1415.3816.8014.2737.0466.12-102.130.71-8.870.30
Changes in Working Capital -5.75-28.31-11.62.41-91.7745.470-12.0215.36-3.08
Tax Paid -0.74-0.740-1.86-0.68-0.13-0.24-0.25-0.26-0.32
Cash Flow From Investing Activity + 1.74-4.17-3.53-10.539.0731.20-0.29-0.48-20.490.12
Capex -0.82-0.21-6.23-4.42-0.859.35-0.33-0.50-0.050.08
Net Investments 1.51-4.97-0.25-9.076.1621.4900-20.480
Others 1.0612.942.963.760.350.040.030.040.04
Cash Flow From Financing Activity + -7.3417.24-5.18-8.1192.58-62.710.913.13-0.740
Net Proceeds from Shares 011.52000010.46000
Net Proceeds from Borrowing -0.05-0.58000-35.6217.28000
Interest Paid -11.17-15.29-18.12-15.84-23.06-26.90-0.02-0.1000
Dividend Paid 0000000000
Others 3.8821.5912.947.73115.64-0.18-26.813.23-0.740
Net Cash Flow 0.892.56-1.39-0.40-1.81-0.120.720.360.56-0.58

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.876.494.55.33-118.09N/A013.34172.5
ROCE (%)12.414.6513.3412.07-12.08N/A96.3516.3523.483.56
Asset Turnover Ratio2.973.763.562.731.330.40.122.043.082.03
PAT to CFO Conversion(x)5.28-54.148.33N/AN/A0-0.341.95-0.41
Working Capital Days
Receivable Days65.9055.3064.2095198.80668.202,207.50116.2064.9081.40
Inventory Days31.6022.2015.809.1015.9034.7047.401511.208.40
Payable Days43.1036.4045.805465.1014.5001.504.806.70

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

Dhatre Udyog Ltd FAQs

The current trading price of Dhatre Udyog on 02-Jul-2026 16:59 is ₹4.24.

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 01-Jul-2026 the market cap of Dhatre Udyog stood at ₹46.20 Cr

The latest P/E ratio of Dhatre Udyog as of 01-Jul-2026 is 0.00.

The latest P/B ratio of Dhatre Udyog as of 01-Jul-2026 is 0.71.

The 52-week high of Dhatre Udyog is ₹7.99 and the 52-week low is ₹3.11.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhatre Udyog is ₹9.12 ( Cr.) .

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

The key valuation ratios of Dhatre Udyog 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 Dhatre Udyog Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Dhatre Udyog Ltd

Incorporated in 1995, the company Narayani Steels, promoted by Shri Sunil Choudhary, started its operations with acquisition of a steel rolling plant in Vizianagaram. The company further acquired its second plant in 2012. The company strengthened its roots in Vishakhapatnam steel industry by expanding its business operations on a wide scale over the years. This fact is evidenced by increase in its business turnover from over Rs 200 crore in Financial Year 2011 to over Rs 500 crore in Financial Year 2016.

Currently, the company operates from two manufacturing units, both of which are situated in Vizianagaram district; one being used for production of angles, flats, channels, rounds, etc while the second unit is used for production of TMT Bars. The company procures billets and blooms from Rashtriya Ispat Nigam Limited (RINL), a Government of India undertaking which is renowned for its superior quality steel products.

The company provides TMT Bars as per approved industrial standards, and ensures that all its products have the appropriate content of various chemical compositions. Further, the company has an in-house testing facility for testing chemical composition of its products. With a goal to maintain standards in terms of quality and customer satisfaction, it is committed to satisfy customer compliance by supplying Narayani TMT Rebars as per the prescribed quality controls by government. The company has developed a wide network for the sales and distribution of its products across Andhra Pradesh, Telangana and other states in India.

Business area of the company

The company is engaged in trading and manufacturing of hot rolled long products of value added steel. The company primarily trade in blooms, billets, TMT bars, pellets, etc and also manufacture TMT bars and other long products such as rounds, flats, angles, channels, etc.

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