Dhani Services Ltd

₹ 61.6 -1.80%

29 Aug - close price

About

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]

Key Points

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]

Website BSE NSE

Market Cap ₹ 3,721 Cr.
Current Price ₹ 61.6
High / Low ₹ 110 / 47.0
Stock P/E
Book Value ₹ 96.3
Dividend Yield 0.00 %
ROCE -0.09 %
ROE -0.85 %
Face Value ₹ 2.00

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Pros

Company is almost debt free.
Stock is trading at 0.64 times its book value

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -39.9% over past five years.
Promoter holding is low: 29.1%
Company has a low return on equity of -0.66% over last 3 years.
Promoter holding has decreased over last 3 years: -3.87%

* 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

Financial Services Financial Services Finance Other Financial Services

Part of BSE SmallCap BSE Allcap BSE Financial Services Nifty Microcap 250 Nifty Total Market

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	26	27	27	27	29	29	28	8	7	7	5	4	6
	-7	1	2	3	2	3	9	3	2	12	5	11	6
Operating Profit	33	25	25	24	27	26	19	5	5	-5	-0	-6	0
OPM %	126%	95%	92%	89%	92%	91%	69%	65%	68%	-73%	-3%	-147%	1%
	1	1	1	1	0	0	-22	2	0	0	0	0	0
Interest	13	13	14	14	14	14	12	12	12	12	11	11	11
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	20	12	11	11	13	12	-15	-5	-7	-17	-11	-17	-11
Tax %	42%	52%	57%	76%	53%	53%	31%	19%	22%	5%	-27%	-8%	0%
	12	6	5	3	6	6	-20	-6	-8	-17	-8	-16	-11
EPS in Rs	0.19	0.10	0.08	0.04	0.10	0.10	-0.33	-0.10	-0.13	-0.29	-0.13	-0.26	-0.18
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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%	-27%	-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:	-19%
TTM:	-68%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	-74%
TTM:	-403%

Stock Price CAGR
10 Years:	7%
5 Years:	-21%
3 Years:	-4%
1 Year:	7%

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	23	30
	93	236	47	-11	-1,239	-3,656	473	-337	-892	-122	42	-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	-5
ROCE %	32%	30%	9%	12%	7%	3%	5%	1%	0%	2%	1%	-0%

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	33.01%	32.89%	32.89%	32.89%	31.26%	31.26%	30.77%	29.14%	29.14%	29.14%	29.14%	29.14%
	18.34%	15.87%	14.56%	14.14%	14.38%	14.27%	14.63%	16.60%	19.21%	20.98%	22.06%	20.77%
	1.43%	1.45%	1.38%	1.38%	1.43%	1.45%	1.47%	1.49%	1.52%	1.54%	1.78%	1.87%
	42.37%	44.96%	46.33%	46.74%	48.10%	48.20%	48.29%	47.95%	45.31%	43.51%	42.19%	43.37%
	4.87%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%	4.85%
No. of Shareholders	2,08,407	2,14,408	2,13,677	2,22,554	2,20,985	2,13,506	2,11,898	1,94,452	1,84,263	1,79,168	1,80,194	1,78,737

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	38.45%	35.89%	36.98%	31.91%	29.26%	33.00%	32.89%	30.77%	29.14%	29.14%
	1.50%	18.12%	25.83%	26.10%	26.97%	21.89%	14.56%	14.63%	22.06%	20.77%
	0.24%	0.14%	0.03%	0.05%	1.40%	1.40%	1.38%	1.47%	1.78%	1.87%
	59.81%	45.85%	37.16%	40.04%	39.14%	38.84%	46.33%	48.29%	42.19%	43.37%
	0.00%	0.00%	0.00%	1.90%	3.23%	4.87%	4.85%	4.85%	4.85%	4.85%
No. of Shareholders	87,814	79,876	80,537	83,235	83,134	1,92,174	2,13,677	2,11,898	1,80,194	1,78,737

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Nov 2017

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