Dhanashree Electronics Ltd
Incorporated in 1987, Dhanashree Electronics Ltd is in manufacturing, marketing, supplying various types of light products[1]
- Market Cap ₹ 97.9 Cr.
- Current Price ₹ 69.0
- High / Low ₹ 105 / 28.0
- Stock P/E 25.0
- Book Value ₹ 27.1
- Dividend Yield 0.00 %
- ROCE 12.5 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.55 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 8.54% over last 3 years.
- Earnings include an other income of Rs.8.49 Cr.
- Company has high debtors of 151 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7.65 | 9.03 | 20.89 | 30.55 | 33.99 | 53.96 | 43.83 | 45.72 | 41.13 | 46.49 | 49.24 | 82.43 | |
6.97 | 7.68 | 19.20 | 27.20 | 27.23 | 45.99 | 35.11 | 37.13 | 34.66 | 38.90 | 55.17 | 78.56 | |
Operating Profit | 0.68 | 1.35 | 1.69 | 3.35 | 6.76 | 7.97 | 8.72 | 8.59 | 6.47 | 7.59 | -5.93 | 3.87 |
OPM % | 8.89% | 14.95% | 8.09% | 10.97% | 19.89% | 14.77% | 19.90% | 18.79% | 15.73% | 16.33% | -12.04% | 4.69% |
0.13 | 0.07 | 0.22 | 0.25 | 0.16 | 0.17 | 0.12 | 0.09 | 0.10 | 0.07 | 15.31 | 8.49 | |
Interest | 0.35 | 1.03 | 1.17 | 2.23 | 4.10 | 4.47 | 5.34 | 5.10 | 4.06 | 4.59 | 5.27 | 6.43 |
Depreciation | 0.31 | 0.21 | 0.41 | 0.30 | 0.35 | 0.38 | 0.37 | 0.41 | 0.49 | 0.43 | 0.46 | 0.61 |
Profit before tax | 0.15 | 0.18 | 0.33 | 1.07 | 2.47 | 3.29 | 3.13 | 3.17 | 2.02 | 2.64 | 3.65 | 5.32 |
Tax % | 33.33% | 11.11% | 78.79% | 31.78% | 25.51% | 25.53% | 19.49% | 16.09% | 17.82% | 25.38% | 26.58% | 26.50% |
0.10 | 0.16 | 0.07 | 0.74 | 1.84 | 2.46 | 2.52 | 2.66 | 1.67 | 1.97 | 2.69 | 3.91 | |
EPS in Rs | 1.78 | 1.87 | 1.18 | 1.39 | 1.90 | 2.76 | ||||||
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 13% |
3 Years: | 26% |
TTM: | 67% |
Compounded Profit Growth | |
---|---|
10 Years: | 38% |
5 Years: | 9% |
3 Years: | 33% |
TTM: | 44% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 71% |
1 Year: | 123% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6.69 | 6.69 | 6.69 | 6.69 | 14.19 | 14.19 | 14.19 | 14.19 | 14.19 | 14.19 | 14.19 | 14.19 |
Reserves | 2.04 | 2.20 | 2.27 | 3.01 | 6.35 | 8.81 | 11.35 | 14.01 | 15.68 | 17.65 | 20.34 | 24.26 |
5.45 | 6.03 | 17.86 | 24.18 | 36.92 | 39.53 | 41.62 | 36.91 | 44.54 | 47.00 | 52.11 | 62.70 | |
3.58 | 3.25 | 2.77 | 9.84 | 7.58 | 10.01 | 6.60 | 16.41 | 13.72 | 8.91 | 10.89 | 22.48 | |
Total Liabilities | 17.76 | 18.17 | 29.59 | 43.72 | 65.04 | 72.54 | 73.76 | 81.52 | 88.13 | 87.75 | 97.53 | 123.63 |
6.41 | 3.13 | 2.97 | 4.03 | 4.46 | 4.16 | 4.05 | 4.52 | 4.33 | 3.95 | 5.93 | 5.49 | |
CWIP | 0.00 | 3.31 | 3.31 | 3.67 | 3.95 | 3.95 | 3.95 | 3.31 | 3.31 | 2.22 | 0.00 | 0.00 |
Investments | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
11.26 | 11.64 | 23.22 | 35.93 | 56.54 | 64.34 | 65.67 | 73.60 | 80.40 | 81.49 | 91.51 | 118.05 | |
Total Assets | 17.76 | 18.17 | 29.59 | 43.72 | 65.04 | 72.54 | 73.76 | 81.52 | 88.13 | 87.75 | 97.53 | 123.63 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3.45 | 0.22 | -10.92 | -3.15 | -20.40 | 8.63 | 3.70 | 9.18 | -3.44 | 2.08 | -15.06 | -12.97 | |
0.02 | -0.18 | -0.07 | -1.58 | -1.10 | -0.64 | 0.15 | 0.36 | -0.38 | 1.21 | 13.74 | 7.80 | |
3.43 | -0.01 | 10.99 | 4.72 | 20.18 | -8.02 | -4.24 | -9.52 | 3.85 | -2.02 | 0.07 | 4.64 | |
Net Cash Flow | 0.00 | 0.04 | -0.01 | -0.02 | -1.32 | -0.03 | -0.39 | 0.02 | 0.02 | 1.27 | -1.25 | -0.53 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 239.04 | 191.19 | 163.02 | 194.51 | 308.95 | 177.43 | 203.03 | 219.30 | 256.47 | 196.44 | 175.46 | 150.82 |
Inventory Days | 194.34 | 190.53 | 193.58 | 210.80 | 369.16 | 283.15 | 441.18 | 480.15 | 579.14 | 562.21 | 418.52 | 280.49 |
Days Payable | 36.74 | 16.62 | 4.98 | 115.13 | 76.58 | 66.55 | 38.02 | 157.95 | 132.63 | 52.70 | 63.89 | 88.17 |
Cash Conversion Cycle | 396.63 | 365.11 | 351.62 | 290.18 | 601.52 | 394.02 | 606.18 | 541.51 | 702.97 | 705.95 | 530.09 | 343.14 |
Working Capital Days | 243.33 | 250.20 | 324.64 | 293.31 | 506.96 | 351.13 | 476.67 | 445.71 | 579.49 | 548.32 | 576.11 | 412.91 |
ROCE % | 4.10% | 8.32% | 7.19% | 10.87% | 14.39% | 12.93% | 13.06% | 12.50% | 8.70% | 9.44% | 10.80% | 12.51% |
Documents
Announcements
-
REGULATION 32(1), 32(2), 32(3) OF SEBI(LODR) 2015
16 Jul - ENCLOSED PLEASE FIND A STATEMENT REGARDING DEVIATION AND VARIATION OF FUNDS UNDER REGULATION 32(1), 32(2), 32(3) OF SEBI (LODR) 2015
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jul - ENCLOSED PLEASE FIND COMPLIANCE CERTIFICATE UNDER REGULATION 74(5) AS PER SEBI (LODR) 2015
-
COMPLIANCE UNDER REGULATION 7(3) OF SEBI (PROHIBISION OF INSIDER TRADING) 2015
13 Jul - ENCLOSED PLEASE FIND A CERTIFICATE UNDER REGULATION 7(3) OF THE ABOVE REGULATION
-
REGULATION 46 WEBSITE OF THE COMPANY
8 Jul - ENCLOSED PLEASE FIND A DOCUMENT RELATED WITH REGULATION 46 OF SEBI (LODR)2015
-
Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances
8 Jul - WITH REFERENCE TO THE ABOVE WE WOULD LIKE TO DECLARE THAT EVENTS LIKE STRIKE LOCKOIT HAS NOT OCCURRED DURING FINANCIAL YEAR 2024-2025 IN THE COMPANY
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.