DHP India Ltd
Incorporated in 1991, DHP India Ltd manufactures various designs of LP Gas Regulators, its Parts and Accessories[1]
- Market Cap ₹ 174 Cr.
- Current Price ₹ 582
- High / Low ₹ 735 / 460
- Stock P/E 2.44
- Book Value ₹ 810
- Dividend Yield 0.69 %
- ROCE 3.43 %
- ROE 2.84 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.72 times its book value
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 0.80% over past five years.
- Company has a low return on equity of 5.77% over last 3 years.
- Earnings include an other income of Rs.76.0 Cr.
- Dividend payout has been low at 3.82% of profits over last 3 years
- Debtor days have increased from 36.7 to 45.4 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Energy Oil, Gas & Consumable Fuels Oil Oil Equipment & Services
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50 | 41 | 37 | 47 | 52 | 67 | 56 | 70 | 120 | 109 | 53 | 58 | 69 | |
| 38 | 31 | 30 | 35 | 40 | 49 | 42 | 50 | 81 | 75 | 46 | 49 | 55 | |
| Operating Profit | 12 | 9 | 7 | 12 | 12 | 18 | 14 | 21 | 39 | 34 | 7 | 9 | 13 |
| OPM % | 24% | 23% | 18% | 25% | 24% | 27% | 24% | 29% | 32% | 31% | 14% | 15% | 20% |
| 1 | 1 | 2 | 5 | 6 | 1 | -5 | 10 | 10 | 1 | 27 | 74 | 76 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 4 | 4 |
| Profit before tax | 11 | 9 | 6 | 15 | 16 | 17 | 6 | 28 | 46 | 32 | 31 | 79 | 86 |
| Tax % | 33% | 33% | 24% | 28% | 21% | 28% | 51% | 18% | 23% | 26% | 13% | 16% | |
| 7 | 6 | 5 | 11 | 13 | 12 | 3 | 23 | 36 | 23 | 26 | 67 | 71 | |
| EPS in Rs | 24.67 | 19.23 | 16.33 | 36.50 | 43.10 | 40.37 | 10.30 | 77.13 | 118.70 | 78.10 | 88.00 | 221.77 | 238.17 |
| Dividend Payout % | 6% | 8% | 12% | 5% | 6% | 6% | 24% | 5% | 3% | 5% | 5% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 1% |
| 3 Years: | -22% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | -43% |
| TTM: | 3914% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 11% |
| 3 Years: | -19% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 6% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 23 | 29 | 33 | 44 | 56 | 68 | 66 | 106 | 147 | 170 | 214 | 235 | 240 |
| 2 | 4 | 3 | 2 | 3 | 3 | 2 | 1 | 0 | 0 | 5 | 4 | 9 | |
| 4 | 3 | 4 | 4 | 4 | 4 | 6 | 10 | 11 | 7 | 11 | 8 | 5 | |
| Total Liabilities | 33 | 39 | 42 | 52 | 66 | 79 | 76 | 120 | 162 | 180 | 233 | 250 | 257 |
| 12 | 13 | 12 | 12 | 12 | 15 | 10 | 10 | 18 | 26 | 26 | 29 | 28 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 0 | 0 | 0 |
| Investments | 2 | 9 | 15 | 25 | 33 | 43 | 39 | 76 | 87 | 116 | 169 | 0 | 200 |
| 19 | 17 | 15 | 15 | 21 | 21 | 26 | 33 | 55 | 38 | 37 | 221 | 30 | |
| Total Assets | 33 | 39 | 42 | 52 | 66 | 79 | 76 | 120 | 162 | 180 | 233 | 250 | 257 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 9 | 6 | 7 | 6 | 13 | 15 | 6 | 8 | 43 | 2 | -2 | |
| -5 | -9 | -5 | -7 | -6 | -12 | -6 | -9 | -7 | -38 | -8 | 186 | |
| 0 | 1 | -2 | -2 | 0 | -1 | -2 | -2 | -2 | -2 | 4 | -3 | |
| Net Cash Flow | 1 | -0 | -0 | -2 | 1 | -0 | 7 | -5 | -1 | 4 | -3 | 182 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 39 | 37 | 44 | 30 | 32 | 38 | 26 | 47 | 62 | 13 | 52 | 45 |
| Inventory Days | 113 | 158 | 137 | 153 | 157 | 122 | 171 | 196 | 167 | 176 | 331 | 300 |
| Days Payable | 24 | 21 | 23 | 25 | 17 | 22 | 46 | 34 | 20 | 8 | 22 | 46 |
| Cash Conversion Cycle | 128 | 174 | 157 | 158 | 172 | 137 | 150 | 209 | 209 | 181 | 361 | 299 |
| Working Capital Days | 76 | 65 | 66 | 73 | 89 | 69 | 69 | 116 | 136 | 93 | 171 | 154 |
| ROCE % | 46% | 26% | 13% | 30% | 28% | 24% | 18% | 22% | 36% | 20% | 2% | 3% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 12 Nov
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Nov - Announcement under LODR -30 for Newspaper Publication of Approval of Unaudited Financial Accounts (with limited review by auditors) of Second Quarter and First Half Year …
- Limited Review Report By Auditors Of Unaudited Financial Results Of Second Quarter And First Half Year Ended 30/09/2025 Approved On Board Meeting Dated 11/11/2025 11 Nov
-
Board Meeting Outcome for Outcome Of Board Meeting Dated 11/11/2025 For Approval Of 2Nd Qtr And 1St HLY Unaudited (Limited Review By Auditors) Financial Results Of Qtr/HLY Ended 30/09/2025
11 Nov - Board approved Q2/H1 results ended 30/09/2025: H1 revenue Rs3,496.77 lakh; H1 PAT Rs572.66 lakh.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 13 Oct
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
DHPIL is an ISO 9001: 2015, ISO 14001,
and OHSAS 18001 certified company. It is in the business of manufacturing LPG Regulators & accessories and related brass items. Company's products are used for domestic and commercial applications and is mainly an export-oriented company