Dhani Services Ltd
Dhani Services Ltd is primarily engaged in providing technology enabled subscription based healthcare and transaction finance services through its 'Dhani' App. It is also engaged in diverse business activities including Asset reconstruction, stock broking, etc.[1]
- Market Cap ₹ 3,692 Cr.
- Current Price ₹ 61.1
- High / Low ₹ 110 / 49.8
- Stock P/E
- Book Value ₹ 96.3
- Dividend Yield 0.00 %
- ROCE -0.09 %
- ROE -0.85 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.63 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.7% over past five years.
- Promoter holding is low: 33.9%
- Company has a low return on equity of -0.66% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
154 | 202 | 101 | 148 | 186 | 148 | 306 | 31 | 45 | 107 | 95 | 24 | 23 | |
39 | 37 | 36 | 47 | 73 | 45 | 16 | 8 | 19 | -0 | 16 | 30 | 34 | |
Operating Profit | 115 | 164 | 66 | 101 | 114 | 103 | 290 | 23 | 25 | 107 | 79 | -6 | -11 |
OPM % | 75% | 82% | 65% | 68% | 61% | 70% | 95% | 73% | 57% | 100% | 83% | -24% | -50% |
7 | 1 | 3 | 3 | 13 | 61 | 4 | 5 | 2 | 2 | -22 | 1 | 1 | |
Interest | 15 | 26 | 40 | 43 | 60 | 42 | 38 | 35 | 45 | 54 | 52 | 45 | 44 |
Depreciation | 5 | 5 | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 102 | 135 | 26 | 59 | 65 | 122 | 256 | -8 | -18 | 55 | 5 | -51 | -55 |
Tax % | 15% | 12% | 35% | 21% | 26% | 14% | 4% | 114% | 39% | 54% | 414% | -4% | |
87 | 118 | 17 | 47 | 49 | 105 | 246 | -17 | -25 | 25 | -14 | -49 | -52 | |
EPS in Rs | 3.18 | 3.81 | 0.49 | 1.24 | 0.92 | 1.74 | 5.29 | -0.32 | -0.41 | 0.42 | -0.24 | -0.81 | -0.86 |
Dividend Payout % | 106% | 66% | 521% | 68% | 95% | 67% | 68% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -19% |
5 Years: | -40% |
3 Years: | -18% |
TTM: | -68% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -75% |
TTM: | -403% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | -24% |
3 Years: | 11% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | -1% |
3 Years: | -1% |
Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 46 | 52 | 59 | 64 | 93 | 113 | 102 | 115 | 121 | 122 | 122 | 122 |
Reserves | 157 | 205 | 143 | 222 | 1,529 | 5,692 | 4,578 | 4,930 | 5,682 | 5,647 | 5,634 | 5,687 |
200 | 413 | 590 | 606 | 982 | 536 | 373 | 413 | 525 | 578 | 491 | 447 | |
129 | 94 | 90 | 189 | 143 | 182 | 37 | 8 | 8 | 8 | 7 | 6 | |
Total Liabilities | 533 | 764 | 883 | 1,080 | 2,746 | 6,524 | 5,091 | 5,466 | 6,337 | 6,355 | 6,254 | 6,261 |
24 | 7 | 4 | 3 | 6 | 24 | 1 | 1 | 1 | 1 | 0 | 0 | |
CWIP | 0 | 0 | 0 | 0 | 5 | 7 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 19 | 6 | 6 | 59 | 1,368 | 4,403 | 4,780 | 4,818 | 4,952 | 4,883 | 5,776 | 5,964 |
490 | 751 | 872 | 1,018 | 1,367 | 2,090 | 310 | 648 | 1,384 | 1,472 | 477 | 298 | |
Total Assets | 533 | 764 | 883 | 1,080 | 2,746 | 6,524 | 5,091 | 5,466 | 6,337 | 6,355 | 6,254 | 6,261 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
51 | 29 | 37 | 10 | -130 | 189 | 149 | -41 | 34 | 61 | -119 | 30 | |
93 | 236 | 47 | -11 | -1,239 | -3,656 | 473 | -337 | -892 | -122 | 183 | -86 | |
-33 | 104 | 65 | 43 | 1,620 | 3,446 | -1,560 | 503 | 838 | 42 | -83 | 56 | |
Net Cash Flow | 111 | 368 | 149 | 42 | 251 | -21 | -938 | 125 | -21 | -20 | -18 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 48 | 63 | 117 | 103 | 116 | 181 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 48 | 63 | 117 | 103 | 116 | 181 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -377 | -736 | -2,167 | -1,611 | -1,726 | -348 | -99 | 267 | 154 | 77 | 107 | 6 |
ROCE % | 32% | 30% | 9% | 12% | 7% | 3% | 5% | 1% | 0% | 2% | 1% | -0% |
Documents
Announcements
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating
1h - CRISIL ESG assigned "Crisil ESG 52" to Dhani; unsolicited rating based on public data (Oct 10, 2025).
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8h - Certificates confirming dematerialization/rematerialization details furnished for quarter ended Sept 30, 2025.
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Compliance Status Of Regulation 6 (1) And 7(1) Of SEBI (LODR) Regulations, 2015, As Amended, For The Quarter Ended September 30, 2025
6 Oct - Confirms compliance with SEBI Regulations 6(1) and 7(1) for quarter ended September 30, 2025.
- Closure of Trading Window 30 Sep
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Sep
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Jun 2022TranscriptPPT
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Sep 2021Transcript PPT
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Jun 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Dec 2020TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
Service Offerings
Daily Needs Store: The Co. had originally launched Dhani Store as Dhani Pharmacy. To serve the diverse needs of consumers, it has expanded its product offerings to include electronics, personal care, daily household items, and groceries.
Payments Services: The Co.’s electronic wallet service allows customers to add money to their Dhani Wallet account from bank accounts, which can then be used to pay bills, mobile phone charges, gift vouchers, and book bus rides.
Trading Services: The Co. has a brokerage platform that offers trading services to customers at competitive prices. [1]