Dhanashree Electronics Ltd

Dhanashree Electronics Ltd

₹ 61.3 0.08%
24 Apr 10:51 a.m.
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.

  • Market Cap 87.0 Cr.
  • Current Price 61.3
  • High / Low 105 / 21.0
  • Stock P/E 28.7
  • 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.66 17.42 7.84 12.06 18.10 9.97 14.74 11.32 11.27 12.04 14.99 15.19 22.51
6.95 15.29 6.31 10.18 15.76 8.12 12.76 9.34 9.35 23.86 13.13 18.24 22.77
Operating Profit 1.71 2.13 1.53 1.88 2.34 1.85 1.98 1.98 1.92 -11.82 1.86 -3.05 -0.26
OPM % 19.75% 12.23% 19.52% 15.59% 12.93% 18.56% 13.43% 17.49% 17.04% -98.17% 12.41% -20.08% -1.16%
0.01 0.04 -0.00 0.01 -0.00 0.06 0.01 0.02 0.06 15.24 0.01 5.04 3.01
Interest 1.03 0.99 1.16 0.96 1.23 1.25 1.09 1.31 1.28 1.59 1.03 0.70 1.59
Depreciation 0.12 0.14 0.11 0.11 0.11 0.11 0.11 0.12 0.12 0.11 0.14 0.16 0.15
Profit before tax 0.57 1.04 0.26 0.82 1.00 0.55 0.79 0.57 0.58 1.72 0.70 1.13 1.01
Tax % 26.32% 22.12% 23.08% 19.51% 31.00% 23.64% 16.46% -1.75% 3.45% 46.51% 24.29% 24.78% 25.74%
0.42 0.82 0.20 0.67 0.69 0.41 0.66 0.57 0.57 0.91 0.53 0.84 0.75
EPS in Rs 0.30 0.58 0.14 0.47 0.49 0.29 0.47 0.40 0.40 0.64 0.37 0.59 0.53
Raw PDF
Upcoming result date: 30 May 2024

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: 57%
1 Year: 161%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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% 29.80% 29.79% 29.81% 29.80% 29.80% 29.80% 29.80% 29.80%
No. of Shareholders 9001,0191,1611,3551,4031,3711,4071,4471,4851,5771,5151,676

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