Dhanashree Electronics Ltd
Incorporated in 1987, Dhanashree Electronics Ltd is in manufacturing, marketing, supplying various types of light products[1]
- Market Cap ₹ 241 Cr.
- Current Price ₹ 170
- High / Low ₹ 438 / 53.2
- Stock P/E 60.6
- Book Value ₹ 30.8
- Dividend Yield 0.06 %
- ROCE 11.8 %
- ROE 8.61 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 4.39% over last quarter.
Cons
- Stock is trading at 5.50 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.16% over last 3 years.
- Earnings include an other income of Rs.12.4 Cr.
- Company has high debtors of 196 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
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 21 | 31 | 34 | 54 | 44 | 46 | 41 | 46 | 49 | 82 | 98 | 105 | |
| 8 | 19 | 27 | 27 | 46 | 35 | 37 | 35 | 39 | 55 | 78 | 99 | 103 | |
| Operating Profit | 1 | 2 | 3 | 7 | 8 | 9 | 9 | 6 | 8 | -6 | 4 | -0 | 2 |
| OPM % | 15% | 8% | 11% | 20% | 15% | 20% | 19% | 16% | 16% | -12% | 5% | -0% | 2% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 8 | 13 | 12 | |
| Interest | 1 | 1 | 2 | 4 | 4 | 5 | 5 | 4 | 5 | 5 | 6 | 8 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 2 | 3 | 4 | 5 | 5 | 5 |
| Tax % | 11% | 79% | 32% | 26% | 26% | 19% | 16% | 18% | 25% | 27% | 26% | 26% | |
| 0 | 0 | 1 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 4 | 3 | 4 | |
| EPS in Rs | 1.78 | 1.87 | 1.18 | 1.39 | 1.90 | 2.76 | 2.44 | 2.80 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 28% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 5% |
| 3 Years: | 21% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 98% |
| 1 Year: | 226% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 9% |
| Last Year: | 9% |
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 | 7 | 7 | 7 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 2 | 2 | 3 | 6 | 9 | 11 | 14 | 16 | 18 | 20 | 24 | 28 | 30 |
| 6 | 18 | 24 | 37 | 40 | 42 | 37 | 45 | 47 | 52 | 63 | 64 | 64 | |
| 3 | 3 | 10 | 8 | 10 | 7 | 16 | 14 | 9 | 11 | 22 | 38 | 28 | |
| Total Liabilities | 18 | 30 | 44 | 65 | 73 | 74 | 82 | 88 | 88 | 98 | 124 | 144 | 135 |
| 3 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 6 | 5 | 5 | 5 | |
| CWIP | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 12 | 23 | 36 | 57 | 64 | 66 | 74 | 80 | 81 | 92 | 118 | 139 | 131 | |
| Total Assets | 18 | 30 | 44 | 65 | 73 | 74 | 82 | 88 | 88 | 98 | 124 | 144 | 135 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -11 | -3 | -20 | 9 | 4 | 9 | -3 | 2 | -15 | -13 | -7 | |
| -0 | -0 | -2 | -1 | -1 | 0 | 0 | -0 | 1 | 14 | 8 | 13 | |
| -0 | 11 | 5 | 20 | -8 | -4 | -10 | 4 | -2 | 0 | 5 | -6 | |
| Net Cash Flow | 0 | -0 | -0 | -1 | -0 | -0 | 0 | 0 | 1 | -1 | -1 | 1 |
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 | 191 | 163 | 195 | 309 | 177 | 203 | 219 | 256 | 196 | 175 | 151 | 196 |
| Inventory Days | 191 | 194 | 211 | 369 | 283 | 441 | 480 | 579 | 562 | 401 | 288 | 220 |
| Days Payable | 17 | 5 | 115 | 77 | 67 | 38 | 158 | 133 | 53 | 61 | 90 | 138 |
| Cash Conversion Cycle | 365 | 352 | 290 | 602 | 394 | 606 | 542 | 703 | 706 | 515 | 348 | 278 |
| Working Capital Days | 6 | 325 | 293 | 448 | 272 | 371 | 339 | 459 | 409 | 440 | 329 | 293 |
| ROCE % | 8% | 7% | 11% | 14% | 13% | 13% | 12% | 9% | 9% | 11% | 13% | 12% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| GCA (Gross Current Asset) Days Days |
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| Trade Receivables Turnover Ratio Times |
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| Installed Capacity - Electronic Choke Units per year |
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| Installed Capacity - LED Bulbs Units per year |
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| Size of Distribution Network (Dealers, Distributors, and Retailers) Number |
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| Total Employees Number |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Feb
- UFR 31.12.2025 14 Feb
-
Board Meeting Outcome for Outcome Of Board Meeting
14 Feb - Approved Q3 results (31-12-2025); limited review; preferential warrants raised Rs127.23m and Rs121.06m; no deviation.
-
Board Meeting Intimation for Notice Of Board Meeting As Per Regulation 29
3 Feb - Board meeting on 14 Feb 2026 to approve unaudited results for quarter and nine months ended 31 Dec 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jan - Certificate under SEBI Regulation 74(5) for quarter ended 31-Dec-2025 confirming demat transfers and destruction of certificates.
Business Overview:[1]
Company deals in Lighting Manufacturing, Electrical Goods Marketing, Installation Services, Professional Audio, Recording Studio, Renting Spaces, Trading of multiple international brands and also caters to government orders by bidding tenders for electronic products in several states.