Dhani Services Ltd

Dhani Services Ltd

₹ 40.8 1.37%
12 Apr 4:05 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 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]

  • Market Cap 2,462 Cr.
  • Current Price 40.8
  • High / Low 49.1 / 29.8
  • Stock P/E
  • Book Value 59.9
  • Dividend Yield 0.00 %
  • ROCE -5.05 %
  • ROE -10.4 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.66 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -9.00% over past five years.
  • Promoter holding is low: 31.2%
  • Company has a low return on equity of -10.5% over last 3 years.
  • Debtor days have increased from 47.2 to 71.1 days.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 397 days to 774 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
326 239 304 335 490 305 246 130 148 84 120 99 87
278 320 456 469 606 465 266 211 215 299 164 162 158
Operating Profit 48 -80 -152 -134 -116 -160 -20 -81 -67 -214 -44 -64 -71
OPM % 15% -33% -50% -40% -24% -52% -8% -62% -45% -254% -37% -65% -81%
11 -3 3 -1 12 17 28 53 20 30 5 14 20
Interest 119 101 83 71 59 62 59 42 35 30 26 24 22
Depreciation 25 7 20 22 25 27 29 28 17 17 18 16 14
Profit before tax -85 -191 -252 -228 -189 -232 -79 -98 -99 -232 -83 -89 -87
Tax % 6% 14% 24% 10% -15% -6% -31% 11% 7% 15% -14% -17% -3%
-80 -164 -192 -206 -218 -244 -104 -87 -92 -198 -95 -105 -89
EPS in Rs -1.45 -3.12 -3.64 -3.95 -3.63 -4.13 -1.69 -1.46 -1.56 -3.25 -1.57 -1.75 -1.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
195 191 284 398 397 413 980 1,993 2,915 1,347 1,434 612 390
164 122 119 140 162 201 478 750 1,952 963 1,986 968 783
Operating Profit 31 69 165 258 236 213 502 1,243 963 384 -551 -356 -393
OPM % 16% 36% 58% 65% 59% 51% 51% 62% 33% 29% -38% -58% -101%
2 7 18 10 12 96 15 4 4 9 29 109 70
Interest 28 8 24 61 148 139 224 591 824 518 284 170 102
Depreciation 12 8 5 13 23 24 12 27 116 84 95 91 65
Profit before tax -7 61 154 194 77 146 281 629 27 -209 -901 -508 -491
Tax % -48% -4% 34% 22% 4% 30% 25% 27% -55% -10% 4% 5%
-10 63 102 151 74 102 210 460 42 -230 -860 -481 -487
EPS in Rs -0.37 2.31 3.70 4.86 2.12 2.69 3.99 7.59 0.09 -4.27 -14.42 -7.95 -8.05
Dividend Payout % 0% 110% 18% 52% 119% 31% 22% 15% 3,836% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: -9%
3 Years: -41%
TTM: -53%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 8%
Stock Price CAGR
10 Years: 7%
5 Years: -35%
3 Years: -42%
1 Year: 6%
Return on Equity
10 Years: -2%
5 Years: -4%
3 Years: -10%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 188 171 171 268 273 385 1,806 6,312 4,925 5,068 4,942 3,692 3,492
37 137 368 1,690 2,193 1,519 4,929 8,648 5,410 3,739 2,482 1,021 832
243 191 232 415 196 247 930 942 1,129 1,200 1,079 479 397
Total Liabilities 514 546 818 2,425 2,720 2,215 7,758 16,015 11,566 10,121 8,624 5,314 4,842
39 32 34 664 660 86 66 118 755 409 537 319 283
CWIP 0 1 0 11 36 8 5 9 6 6 7 4 0
Investments 83 43 32 69 0 163 499 638 634 1,420 588 510 486
392 470 751 1,680 2,023 1,959 7,188 15,250 10,171 8,286 7,492 4,481 4,073
Total Assets 514 546 818 2,425 2,720 2,215 7,758 16,015 11,566 10,121 8,624 5,314 4,842

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
269 -94 376 -268 10 203 -2,912 -7,044 6,040 925 -702 848
-80 66 166 -330 -77 120 -537 -204 -848 -537 774 77
-186 40 -431 994 196 -247 4,473 7,062 -4,093 -1,168 -801 -1,168
Net Cash Flow 3 13 112 397 129 76 1,024 -185 1,099 -780 -729 -244

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 62 115 178 228 292 298 98 50 19 38 33 71
Inventory Days 240 1,558
Days Payable 284 124
Cash Conversion Cycle 62 115 178 228 292 298 98 50 19 38 -11 1,505
Working Capital Days -198 30 212 503 779 660 -103 143 169 185 232 774
ROCE % 7% 22% 38% 19% 10% 12% 11% 11% 6% 3% -7% -5%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
29.26% 29.26% 30.05% 30.05% 33.00% 33.00% 33.01% 32.89% 32.89% 32.89% 31.26% 31.26%
26.97% 27.30% 28.86% 27.16% 21.89% 20.52% 18.34% 15.87% 14.56% 14.14% 14.38% 14.27%
1.40% 1.41% 1.40% 1.41% 1.40% 1.42% 1.43% 1.45% 1.38% 1.38% 1.43% 1.45%
39.14% 38.81% 36.45% 38.15% 38.84% 40.18% 42.37% 44.96% 46.33% 46.74% 48.10% 48.20%
3.23% 3.23% 3.23% 3.23% 4.87% 4.87% 4.87% 4.85% 4.85% 4.85% 4.85% 4.85%
No. of Shareholders 83,13499,76796,1741,11,2771,92,1742,07,2432,08,4072,14,4082,13,6772,22,5542,20,9852,13,506

* 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.

Documents

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