Dharan Infra-EPC Ltd
Incorporated in 2007, Dharan Infra-EPC Ltd is in the business of real estate construction, development, civil contracts (EPC) and other related activities[1]
- Market Cap ₹ 53.9 Cr.
- Current Price ₹ 0.14
- High / Low ₹ 0.67 / 0.14
- Stock P/E
- Book Value ₹ 1.81
- Dividend Yield 0.00 %
- ROCE -3.61 %
- ROE -4.30 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.08 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 0.83%
- Company has a low return on equity of -3.34% over last 3 years.
- Contingent liabilities of Rs.99.1 Cr.
- Promoter holding has decreased over last 3 years: -11.9%
- Working capital days have increased from 2,575 days to 3,807 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 129 | 102 | 91 | -27 | -21 | 6 | |
| 94 | 73 | 94 | 27 | 19 | 42 | |
| Operating Profit | 35 | 29 | -3 | -53 | -40 | -36 |
| OPM % | 27% | 28% | -4% | -259% | -220% | -586% |
| 8 | 10 | 12 | 28 | 5 | 3 | |
| Interest | 15 | 14 | 13 | 11 | 4 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 28 | 24 | -4 | -37 | -38 | -35 |
| Tax % | 27% | 28% | 1% | 0% | 0% | |
| 20 | 17 | -4 | -37 | -38 | -35 | |
| EPS in Rs | 0.16 | 0.14 | -0.03 | -0.17 | -0.07 | -0.07 |
| Dividend Payout % | 3% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -85% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -52% |
| 3 Years: | -53% |
| 1 Year: | -73% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -3% |
| Last Year: | -4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 12 | 62 | 67 | 110 | 261 | 261 |
| Reserves | 111 | 78 | 867 | 800 | 620 | 685 |
| 92 | 89 | 126 | 76 | 64 | 68 | |
| 99 | 98 | 69 | 107 | 113 | 196 | |
| Total Liabilities | 314 | 327 | 1,128 | 1,093 | 1,059 | 1,211 |
| 1 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 56 | 29 | 683 | 24 | 16 | 21 |
| 257 | 297 | 444 | 1,068 | 1,042 | 1,189 | |
| Total Assets | 314 | 327 | 1,128 | 1,093 | 1,059 | 1,211 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 35 | -20 | -163 | 68 | 17 | |
| -2 | 37 | -654 | 664 | 10 | |
| -32 | -17 | 821 | -47 | -16 | |
| Net Cash Flow | 0 | 0 | 3 | 686 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 163 | 299 | 343 | -1,145 | -1,440 |
| Inventory Days | -1,972 | -2,747 | |||
| Days Payable | |||||
| Cash Conversion Cycle | 163 | 299 | 343 | -3,118 | -4,188 |
| Working Capital Days | 321 | 513 | 886 | 3,033 | 3,807 |
| ROCE % | 17% | 1% | -3% | -4% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Number of Units Delivered Units ・Standalone data |
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| Number of Ongoing Projects Projects ・Standalone data |
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| Civil Contracting Order Book INR Crores |
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| Ongoing Projects Area Sq. Ft. ・Standalone data |
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| Total Area Constructed Since Inception Sq. Ft. ・Standalone data |
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| Number of Projects Completed Since Inception Projects ・Standalone data |
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| Number of Satisfied Customers Customers ・Standalone data |
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| Land Bank Size Sq. Ft. ・Standalone data |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Mar - Certificate under Reg 74(5) confirming dematerialisation for quarter ended 31-Dec-2025 by RTA MUFG Intime.
- Unaudited Financials For The Second Quarter And Half Year Ended 30Th September,2025 6 Mar
-
Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
20 Jan - Cleared dues on 31 Dec 2025; NCLAT directed IRP to file Section 12A on 06 Jan 2026.
-
One Time Seftlement With Tata Capital Housing Finance Limited
Ref :Disclosure Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI LODR').
6 Jan - Cleared entire one-time settlement with Tata Capital Housing Finance on December 31, 2025.
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One Time Seftlement With Tata Capital Housing Finance Limited
Ref :Disclosure Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI LODR').
6 Jan - Cleared Tata Capital dues on 31-Dec-2025; NCLAT directed Section 12A filing on 06-Jan-2026.
Business Overview:[1][2]
DIEPCL is primarily engaged in 2 business verticals:
a) Construction and development of residential and commercial projects
b) Contractual project execution.
As of 31 March 2024, the company had delivered 101 residential and commercial units in its various ongoing projects in Nashik, covering a built-up area of 1.08 lakh square feet. In FY24, the company secured 11 active work orders. The group has handed over possession for a ~109 units from April 2024.
They have handed over possession of 76 units of the project Hari Kunj Mayflower, a residential cum commercial project situated at Karmayogi Nagar, Nashik.
In the Hari Krishna Phase IV project, the company has handed over 19 units, while the remaining units are from the other projects.