Dhani Services Ltd

Dhani Services Ltd

₹ 59.5 -0.42%
21 May 4:01 p.m.
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]

  • Market Cap 3,584 Cr.
  • Current Price 59.5
  • High / Low 110 / 37.0
  • Stock P/E
  • Book Value 47.0
  • Dividend Yield 0.00 %
  • ROCE 1.33 %
  • ROE -1.75 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 62.5 to 45.9 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -33.0% over past five years.
  • Promoter holding is low: 29.1%
  • Company has a low return on equity of -7.90% over last 3 years.
  • Earnings include an other income of Rs.92.1 Cr.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
305.46 246.38 130.16 147.69 84.29 119.60 98.58 87.11 117.56 107.37 102.63 94.91 89.85
464.97 266.25 210.80 214.67 298.71 163.79 162.24 157.88 174.02 165.67 79.58 57.25 104.04
Operating Profit -159.51 -19.87 -80.64 -66.98 -214.42 -44.19 -63.66 -70.77 -56.46 -58.30 23.05 37.66 -14.19
OPM % -52.22% -8.06% -61.95% -45.35% -254.38% -36.95% -64.58% -81.24% -48.03% -54.30% 22.46% 39.68% -15.79%
17.13 28.29 52.77 20.22 29.93 5.09 14.21 20.43 16.77 21.55 10.60 14.22 45.74
Interest 61.76 58.83 42.26 34.98 29.98 25.72 24.24 22.48 20.74 18.31 17.38 15.42 13.08
Depreciation 27.45 28.65 27.63 17.46 17.11 18.24 15.75 14.30 14.45 12.84 5.99 5.63 5.68
Profit before tax -231.59 -79.06 -97.76 -99.20 -231.58 -83.06 -89.44 -87.12 -74.88 -67.90 10.28 30.83 12.79
Tax % 5.53% 31.44% -10.70% -6.78% -14.66% 13.80% 17.33% 2.70% 13.53% 22.75% 59.14% 83.10% 50.82%
-244.39 -103.91 -87.29 -92.47 -197.64 -94.52 -104.94 -89.46 -85.01 -83.35 4.19 5.22 6.29
EPS in Rs -4.13 -1.69 -1.46 -1.56 -3.25 -1.57 -1.75 -1.48 -1.42 -1.37 0.26 0.08 0.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
284 398 397 413 980 1,993 2,915 1,347 1,434 612 448 395
119 140 162 201 478 750 1,952 963 1,986 968 650 407
Operating Profit 165 258 236 213 502 1,243 963 384 -551 -356 -202 -12
OPM % 58% 65% 59% 51% 51% 62% 33% 29% -38% -58% -45% -3%
18 10 12 96 15 4 4 9 29 109 24 92
Interest 24 61 148 139 224 591 824 518 284 170 94 64
Depreciation 5 13 23 24 12 27 116 84 95 91 63 30
Profit before tax 154 194 77 146 281 629 27 -209 -901 -508 -334 -14
Tax % 34% 22% 4% 30% 25% 27% -55% 10% -4% -5% 12% 384%
102 151 74 102 210 460 42 -230 -860 -481 -374 -68
EPS in Rs 3.70 4.86 2.12 2.69 3.99 7.59 0.09 -4.27 -14.42 -7.95 -6.22 -0.91
Dividend Payout % 18% 52% 119% 31% 22% 15% 3,836% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -33%
3 Years: -35%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 85%
Stock Price CAGR
10 Years: 5%
5 Years: -3%
3 Years: 4%
1 Year: 27%
Return on Equity
10 Years: -3%
5 Years: -9%
3 Years: -8%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 190 278 273 402 1,806 6,312 4,925 5,068 4,942 3,692 3,324 2,714
368 1,690 2,193 1,519 4,929 8,648 5,410 3,739 2,482 1,021 697 507
214 405 196 231 930 942 1,129 1,200 1,079 479 379 389
Total Liabilities 818 2,425 2,720 2,215 7,758 16,015 11,566 10,121 8,624 5,314 4,521 3,732
34 664 660 86 66 118 755 409 537 319 252 127
CWIP 0 11 36 8 5 9 6 6 7 4 0 0
Investments 32 69 0 163 499 638 634 1,420 588 510 55 64
751 1,680 2,023 1,959 7,188 15,250 10,171 8,286 7,492 4,481 4,214 3,541
Total Assets 818 2,425 2,720 2,215 7,758 16,015 11,566 10,121 8,624 5,314 4,521 3,732

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
376 -268 10 203 -2,912 -7,044 6,040 925 -702 848 -231 98
166 -330 -77 120 -537 -204 -848 -537 774 77 491 52
-431 994 196 -247 4,473 7,062 -4,093 -1,168 -801 -1,168 -318 -89
Net Cash Flow 112 397 129 76 1,024 -185 1,099 -780 -729 -244 -58 62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 178 228 292 298 98 50 19 38 33 71 70 46
Inventory Days 240 1,558 3,482
Days Payable 284 124 273
Cash Conversion Cycle 178 228 292 298 98 50 19 38 -11 1,505 3,279 46
Working Capital Days 212 503 779 660 -103 143 169 185 232 774 873 155
ROCE % 38% 19% 10% 12% 11% 11% 6% 3% -7% -5% -5% 1%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
33.00% 33.01% 32.89% 32.89% 32.89% 31.26% 31.26% 30.77% 29.14% 29.14% 29.14% 29.14%
20.52% 18.34% 15.87% 14.56% 14.14% 14.38% 14.27% 14.63% 16.60% 19.21% 20.98% 22.06%
1.42% 1.43% 1.45% 1.38% 1.38% 1.43% 1.45% 1.47% 1.49% 1.52% 1.54% 1.78%
40.18% 42.37% 44.96% 46.33% 46.74% 48.10% 48.20% 48.29% 47.95% 45.31% 43.51% 42.19%
4.87% 4.87% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85%
No. of Shareholders 2,07,2432,08,4072,14,4082,13,6772,22,5542,20,9852,13,5062,11,8981,94,4521,84,2631,79,1681,80,194

* 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.

Click on the line-items to see the names of individual entities.

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