Dhanashree Electronics Ltd

Dhanashree Elect Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dhanashree Electronics Ltd

₹ 72.0 -4.76%
18 Sep - close price
rashmilighting.com BSE: 542679
About

Incorporated in 1987, Dhanashree Electronics Ltd is in manufacturing, marketing, supplying various types of light products[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 102 Cr.
  • Current Price ₹ 72.0
  • High / Low ₹ 105 / 35.3
  • Stock P/E 27.1
  • Book Value ₹ 27.1
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 10.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 2.66 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.8.50 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

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
7.84 12.06 18.10 9.97 14.74 11.32 11.27 12.04 14.99 15.19 22.51 29.73 14.04
6.31 10.18 15.76 8.12 12.76 9.34 9.35 23.86 13.13 18.24 22.77 24.42 12.87
Operating Profit 1.53 1.88 2.34 1.85 1.98 1.98 1.92 -11.82 1.86 -3.05 -0.26 5.31 1.17
OPM % 19.52% 15.59% 12.93% 18.56% 13.43% 17.49% 17.04% -98.17% 12.41% -20.08% -1.16% 17.86% 8.33%
0.00 0.01 0.00 0.06 0.01 0.02 0.06 15.24 0.01 5.04 3.01 0.44 0.01
Interest 1.16 0.96 1.23 1.25 1.09 1.31 1.28 1.59 1.03 0.70 1.59 3.11 0.55
Depreciation 0.11 0.11 0.11 0.11 0.11 0.12 0.12 0.11 0.14 0.16 0.15 0.15 0.17
Profit before tax 0.26 0.82 1.00 0.55 0.79 0.57 0.58 1.72 0.70 1.13 1.01 2.49 0.46
Tax % 23.08% 19.51% 31.00% 23.64% 16.46% -1.75% 3.45% 46.51% 24.29% 24.78% 25.74% 27.71% 17.39%
0.20 0.67 0.69 0.41 0.66 0.57 0.57 0.91 0.53 0.84 0.75 1.80 0.38
EPS in Rs 0.14 0.47 0.49 0.29 0.47 0.40 0.40 0.64 0.37 0.59 0.53 1.27 0.27
Raw PDF

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 TTM
7.65 9.03 20.89 30.55 33.99 53.96 43.83 45.72 41.13 46.49 49.24 82.43 81.47
6.97 7.68 19.20 27.20 27.23 45.99 35.11 37.13 34.66 38.90 55.17 78.56 78.30
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 3.17
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% 3.89%
0.13 0.07 0.22 0.25 0.16 0.17 0.12 0.09 0.10 0.07 15.31 8.49 8.50
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 5.95
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 0.63
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 5.09
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 3.77
EPS in Rs 1.78 1.87 1.18 1.39 1.90 2.76 2.66
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: 64%
Compounded Profit Growth
10 Years: 38%
5 Years: 9%
3 Years: 33%
TTM: 46%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 78%
1 Year: 78%
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%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.20% 70.20% 70.20% 70.20% 70.20% 70.20% 70.20% 70.20% 70.20% 70.20% 70.20% 70.20%
29.80% 29.80% 29.80% 29.80% 29.79% 29.81% 29.80% 29.80% 29.80% 29.80% 29.80% 29.79%
No. of Shareholders 1,0191,1611,3551,4031,3711,4071,4471,4851,5771,5151,6761,871

Documents

Announcements

Annual reports

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