Dhanashree Electronics Ltd
Incorporated in 1987, Dhanashree Electronics Ltd is in manufacturing, marketing, supplying various types of light products[1]
- Market Cap ₹ 83.7 Cr.
- Current Price ₹ 59.0
- High / Low ₹ 105 / 21.0
- Stock P/E 27.6
- Book Value ₹ 25.3
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 8.17 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.81% over past five years.
- Company has a low return on equity of 6.81% over last 3 years.
- Earnings include an other income of Rs.23.3 Cr.
- Company has high debtors of 175 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
9.70 | 7.65 | 9.03 | 20.89 | 30.55 | 33.99 | 53.96 | 43.83 | 45.72 | 41.13 | 46.49 | 49.24 | 64.73 | |
9.58 | 6.97 | 7.68 | 19.20 | 27.20 | 27.23 | 45.99 | 35.11 | 37.13 | 34.66 | 38.90 | 55.17 | 78.00 | |
Operating Profit | 0.12 | 0.68 | 1.35 | 1.69 | 3.35 | 6.76 | 7.97 | 8.72 | 8.59 | 6.47 | 7.59 | -5.93 | -13.27 |
OPM % | 1.24% | 8.89% | 14.95% | 8.09% | 10.97% | 19.89% | 14.77% | 19.90% | 18.79% | 15.73% | 16.33% | -12.04% | -20.50% |
0.01 | 0.13 | 0.07 | 0.22 | 0.25 | 0.16 | 0.17 | 0.12 | 0.09 | 0.10 | 0.07 | 15.31 | 23.30 | |
Interest | 0.31 | 0.35 | 1.03 | 1.17 | 2.23 | 4.10 | 4.47 | 5.34 | 5.10 | 4.06 | 4.59 | 5.27 | 4.91 |
Depreciation | 0.30 | 0.31 | 0.21 | 0.41 | 0.30 | 0.35 | 0.38 | 0.37 | 0.41 | 0.49 | 0.43 | 0.46 | 0.56 |
Profit before tax | -0.48 | 0.15 | 0.18 | 0.33 | 1.07 | 2.47 | 3.29 | 3.13 | 3.17 | 2.02 | 2.64 | 3.65 | 4.56 |
Tax % | 102.08% | 33.33% | 11.11% | 78.79% | 31.78% | 25.51% | 25.53% | 19.49% | 16.09% | 17.82% | 25.38% | 26.58% | |
0.01 | 0.10 | 0.16 | 0.07 | 0.74 | 1.84 | 2.46 | 2.52 | 2.66 | 1.67 | 1.97 | 2.69 | 3.03 | |
EPS in Rs | 1.78 | 1.87 | 1.18 | 1.39 | 1.90 | 2.13 | |||||||
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: | 20% |
5 Years: | -2% |
3 Years: | 3% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 39% |
5 Years: | 2% |
3 Years: | 1% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 50% |
1 Year: | 165% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 8% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6.69 | 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 | 1.94 | 2.04 | 2.20 | 2.27 | 3.01 | 6.35 | 8.81 | 11.35 | 14.01 | 15.68 | 17.65 | 20.34 | 21.70 |
1.57 | 5.45 | 6.03 | 17.86 | 24.18 | 36.92 | 39.53 | 41.62 | 36.91 | 44.54 | 47.00 | 52.11 | 58.83 | |
1.74 | 3.58 | 3.25 | 2.77 | 9.84 | 7.58 | 10.01 | 6.60 | 16.41 | 13.72 | 8.91 | 10.89 | 22.41 | |
Total Liabilities | 11.94 | 17.76 | 18.17 | 29.59 | 43.72 | 65.04 | 72.54 | 73.76 | 81.52 | 88.13 | 87.75 | 97.53 | 117.13 |
3.38 | 6.41 | 3.13 | 2.97 | 4.03 | 4.46 | 4.16 | 4.05 | 4.52 | 4.33 | 3.95 | 5.93 | 5.78 | |
CWIP | 3.31 | 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 | 0.09 |
5.16 | 11.26 | 11.64 | 23.22 | 35.93 | 56.54 | 64.34 | 65.67 | 73.60 | 80.40 | 81.49 | 91.51 | 111.26 | |
Total Assets | 11.94 | 17.76 | 18.17 | 29.59 | 43.72 | 65.04 | 72.54 | 73.76 | 81.52 | 88.13 | 87.75 | 97.53 | 117.13 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3.45 | 0.22 | -10.92 | -3.15 | -20.40 | 8.63 | 3.70 | 9.18 | -3.44 | 2.08 | -15.06 | ||
0.02 | -0.18 | -0.07 | -1.58 | -1.10 | -0.64 | 0.15 | 0.36 | -0.38 | 1.21 | 13.74 | ||
3.43 | -0.01 | 10.99 | 4.72 | 20.18 | -8.02 | -4.24 | -9.52 | 3.85 | -2.02 | 0.07 | ||
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 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 128.31 | 239.04 | 191.19 | 163.02 | 194.51 | 308.95 | 177.43 | 203.03 | 219.30 | 256.47 | 196.44 | 175.46 |
Inventory Days | 78.06 | 194.34 | 190.53 | 193.58 | 210.80 | 369.16 | 283.15 | 441.18 | 480.15 | 579.14 | 562.21 | 418.52 |
Days Payable | 18.07 | 36.74 | 16.62 | 4.98 | 115.13 | 76.58 | 66.55 | 38.02 | 157.95 | 132.63 | 52.70 | 63.89 |
Cash Conversion Cycle | 188.30 | 396.63 | 365.11 | 351.62 | 290.18 | 601.52 | 394.02 | 606.18 | 541.51 | 702.97 | 705.95 | 530.09 |
Working Capital Days | 126.43 | 243.33 | 250.20 | 324.64 | 293.31 | 506.96 | 351.13 | 476.67 | 445.71 | 579.49 | 548.32 | 576.11 |
ROCE % | -0.96% | 4.10% | 8.32% | 7.19% | 10.87% | 14.39% | 12.93% | 13.06% | 12.50% | 8.70% | 9.44% | 10.80% |
Documents
Announcements
-
CERTIFICATE UNDER CLAUSE 40 (9)
13h - ENCLOSED PLEASE FIND A CERTIFICATE AS PER CLAUSE 40(9) FROM A PRACTICING COMPANY SECRETARY AND OUR REGISTRAR AND SHARE TRANSFER AGENT
-
Compliance Under Regulation 7(3) Of SEBI (LODR) 2015
15 Apr - ENCLOSED PLEASE FIND A CERTIFICATE UNDER REGULATION 7(3) AS PER SEBI (LODR) 2015
- Board Meeting Intimation for ADOPTION OF FINANCIAL RESULTS FOR THE QUATER ENDED 31ST MARCH 2024 AND AUDITED RESULTS FOR THE YEAR ENDING 31ST MARCH 2024 13 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - ENCLOSED PLEASE FIND A DECLARETION U/S 74(5)
- REGULATION 46 OF THE SEBI (LODR) 2015 UPDATION OF WEBSITE OF THE COMPANY 12 Apr
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.