Dhanashree Electronics Ltd
Incorporated in 1987, Dhanashree Electronics Ltd is in manufacturing, marketing, supplying various types of light products[1]
- Market Cap ₹ 369 Cr.
- Current Price ₹ 260
- High / Low ₹ 438 / 49.7
- Stock P/E 85.9
- Book Value ₹ 30.8
- Dividend Yield 0.04 %
- ROCE 11.8 %
- ROE 8.61 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 8.45 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 | 112 | |
| 8 | 19 | 27 | 27 | 46 | 35 | 37 | 35 | 39 | 55 | 78 | 99 | 110 | |
| 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 | 6 |
| 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 | 3.03 | |||||
| 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: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 5% |
| 3 Years: | 21% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 125% |
| 1 Year: | 307% |
| 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% |
Documents
Announcements
-
Outcome Of Board Meetng Under Regulation 30
1d - Mrs Shruti Toshniwal moved from Executive Director to Non-executive promoter effective 05.12.2025; NRC reconstituted.
-
Announcement under Regulation 30 (LODR)-Allotment
25 Nov - Preferential allotment: 1,61,41,000 warrants at Rs30 each; 25% consideration Rs12,10,57,500; convertible within 18 months.
-
Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E., Tuesday, 25Th November, 2025
25 Nov - Allotment of 1,61,41,000 convertible warrants at Rs30 each; proceeds Rs12,10,57,500; convertible within 18 months (25 Nov 2025).
-
Announcement under Regulation 30 (LODR)-Resignation of Director
22 Nov - Resignation of Independent Director Mr Rishav Sethia (DIN 10196319), effective 30.11.2025, due to personal reasons.
-
Announcement under Regulation 30 (LODR)-Allotment
21 Nov - Board allotted 1,69,64,000 warrants at Rs30 on 21-Nov-2025; 25% proceeds Rs12,72,30,000.
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.