Dhani Services Ltd

Dhani Services Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dhani Services Ltd

₹ 50.7 -1.74%
26 Apr - close price
dhani.com BSE: 532960 NSE : DHANI
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 the product offerings to include electronics, personal care, daily household items and groceries.
Credit Services: Customers can avail credit line of up to ₹50,000 at zero interest which can be used within Dhani Store and offers up to 2% cashback on spending.
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 as well as for booking of bus rides.
Trading Services: The Co. has a brokerage platform which offers trading services to customers at competitive prices. [1]

Website BSE NSE
  • Market Cap ₹ 3,058 Cr.
  • Current Price ₹ 50.7
  • High / Low ₹ 55.0 / 29.8
  • Stock P/E 257
  • Book Value ₹ 95.8
  • Dividend Yield 0.00 %
  • ROCE 1.73 %
  • ROE 0.43 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.53 times its book value
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 147 days to 19.1 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.48%
  • The company has delivered a poor sales growth of -10.5% over past five years.
  • Promoter holding is low: 30.8%
  • Company has a low return on equity of -0.10% 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
11 12 10 11 10 13 26 27 27 27 29 29 28
3 5 -2 3 3 15 -7 1 2 3 2 3 9
Operating Profit 8 7 12 8 7 -3 33 25 25 24 27 26 19
OPM % 73% 56% 119% 74% 71% -20% 126% 95% 92% 89% 92% 91% 69%
1 3 1 0 0 1 1 1 1 1 0 0 -22
Interest 11 11 10 12 11 12 13 13 14 14 14 14 12
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -2 -1 3 -3 -4 -14 20 12 11 11 13 12 -15
Tax % -110% -201% 123% -88% -50% 3% 42% 52% 57% 76% 53% 53% -31%
-5 -4 -1 -5 -6 -13 12 6 5 3 6 6 -20
EPS in Rs -0.09 -0.08 -0.01 -0.09 -0.09 -0.22 0.19 0.10 0.08 0.04 0.10 0.10 -0.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
161 124 154 202 101 148 186 148 306 31 45 107 112
132 67 39 37 36 47 73 45 16 8 19 -0 17
Operating Profit 29 57 115 164 66 101 114 103 290 23 25 107 96
OPM % 18% 46% 75% 82% 65% 68% 61% 70% 95% 73% 57% 100% 85%
2 7 7 1 3 3 13 61 4 5 2 2 -21
Interest 28 7 15 26 40 43 60 42 38 35 45 54 54
Depreciation 12 8 5 5 3 2 2 0 0 0 0 0 0
Profit before tax -9 49 102 135 26 59 65 122 256 -8 -18 55 20
Tax % -28% -13% 15% 12% 35% 21% 26% 14% 4% -114% -39% 54%
-12 56 87 118 17 47 49 105 246 -17 -25 25 -6
EPS in Rs -0.42 2.03 3.18 3.81 0.49 1.24 0.92 1.74 5.29 -0.32 -0.41 0.42 -0.09
Dividend Payout % 0% 124% 106% 66% 521% 68% 95% 67% 68% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -10%
3 Years: -30%
TTM: 22%
Compounded Profit Growth
10 Years: -8%
5 Years: -12%
3 Years: -53%
TTM: 32%
Stock Price CAGR
10 Years: 8%
5 Years: -31%
3 Years: -35%
1 Year: 32%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 46 46 46 52 59 64 93 113 102 115 121 122 122
Reserves 175 150 138 195 143 205 1,529 5,692 4,578 4,930 5,682 5,647 5,658
37 136 200 413 590 606 982 536 373 413 525 561 478
215 145 148 104 90 206 143 182 37 8 8 25 7
Total Liabilities 473 478 533 764 883 1,080 2,746 6,524 5,091 5,466 6,337 6,355 6,265
38 30 24 7 4 3 6 24 1 1 1 1 0
CWIP 0 0 0 0 0 0 5 7 0 0 0 0 0
Investments 54 19 19 6 6 59 1,368 4,403 4,780 4,818 4,952 4,883 4,880
381 429 490 751 872 1,018 1,367 2,090 310 648 1,384 1,472 1,385
Total Assets 473 478 533 764 883 1,080 2,746 6,524 5,091 5,466 6,337 6,355 6,265

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
306 -17 51 29 37 10 -130 189 149 -41 34 61
-114 -3 93 236 47 -11 -1,239 -3,656 473 -337 -892 -122
-186 40 -33 104 65 43 1,620 3,446 -1,560 503 838 42
Net Cash Flow 6 19 111 368 149 42 251 -21 -938 125 -21 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 74 63 48 63 117 103 116 181 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 74 63 48 63 117 103 116 181 0 0 0 0
Working Capital Days -198 48 96 11 -43 -119 -96 -136 0 267 154 19
ROCE % 6% 19% 33% 31% 9% 12% 7% 3% 5% 1% 0% 2%

Shareholding Pattern

Numbers in percentages

19 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
29.26% 30.05% 30.05% 33.00% 33.00% 33.01% 32.89% 32.89% 32.89% 31.26% 31.26% 30.77%
27.30% 28.86% 27.16% 21.89% 20.52% 18.34% 15.87% 14.56% 14.14% 14.38% 14.27% 14.63%
1.41% 1.40% 1.41% 1.40% 1.42% 1.43% 1.45% 1.38% 1.38% 1.43% 1.45% 1.47%
38.81% 36.45% 38.15% 38.84% 40.18% 42.37% 44.96% 46.33% 46.74% 48.10% 48.20% 48.29%
3.23% 3.23% 3.23% 4.87% 4.87% 4.87% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85%
No. of Shareholders 99,76796,1741,11,2771,92,1742,07,2432,08,4072,14,4082,13,6772,22,5542,20,9852,13,5062,11,898

* 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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