Dhara Rail Projects Ltd
Incorporated in 2010, Dhara Rail Projects Ltd provides various services like annual maintenance contracts, and repair services for railway rolling stock systems.[1]
- Market Cap ₹ 167 Cr.
- Current Price ₹ 111
- High / Low ₹ 158 / 90.0
- Stock P/E 36.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 18.6 %
- ROE 48.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 41.1%
- Promoter holding has increased by 2.20% over last quarter.
Cons
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.43 Cr.
- Company has high debtors of 171 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
Services Services Commercial Services & Supplies Diversified Commercial Services
Part of Nifty SME Emerge
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 18.25 | 26.15 | 31.43 | 43.70 | |
| 20.27 | 25.31 | 30.20 | 38.66 | |
| Operating Profit | -2.02 | 0.84 | 1.23 | 5.04 |
| OPM % | -11.07% | 3.21% | 3.91% | 11.53% |
| 2.78 | 0.84 | 2.60 | 3.43 | |
| Interest | 0.02 | 0.02 | 0.06 | 0.20 |
| Depreciation | 0.06 | 0.04 | 0.04 | 0.04 |
| Profit before tax | 0.68 | 1.62 | 3.73 | 8.23 |
| Tax % | 33.82% | 27.78% | 24.93% | 23.45% |
| 0.46 | 1.17 | 2.80 | 6.29 | |
| EPS in Rs | 46.00 | 117.00 | 280.00 | 629.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 136% |
| TTM: | 191% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 41% |
| Last Year: | 49% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 0.10 |
| Reserves | 2.25 | 3.42 | 6.22 | 12.51 |
| 16.23 | 22.74 | 27.38 | 20.30 | |
| 7.81 | 7.75 | 12.56 | 11.05 | |
| Total Liabilities | 26.39 | 34.01 | 46.26 | 43.96 |
| 0.16 | 0.12 | 0.11 | 0.10 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 9.45 | 14.13 | 14.48 | 0.26 |
| 16.78 | 19.76 | 31.67 | 43.60 | |
| Total Assets | 26.39 | 34.01 | 46.26 | 43.96 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -5.60 | 0.56 | -0.47 | -5.12 | |
| -3.85 | -0.26 | -5.65 | 16.74 | |
| 8.43 | 0.00 | 4.58 | -7.28 | |
| Net Cash Flow | -1.02 | 0.30 | -1.54 | 4.34 |
| Free Cash Flow | -5.61 | 0.56 | -0.49 | -5.15 |
| CFO/OP | 277% | 67% | 33% | -58% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 94.40 | 66.30 | 68.29 | 170.81 |
| Inventory Days | 3.56 | 24.45 | 206.12 | 36.92 |
| Days Payable | 173.12 | 146.67 | 229.40 | 129.05 |
| Cash Conversion Cycle | -75.16 | -55.93 | 45.01 | 78.68 |
| Working Capital Days | 56.00 | 51.50 | -242.02 | -44.02 |
| ROCE % | 5.89% | 7.20% | 18.59% |
Insights
In beta| Jan 2026 | |
|---|---|
| Order Duration - Central Railway AMC Years |
|
| Single Order Value INR |
Extracted by Screener AI
Documents
Announcements
-
Awarding of order(s)/contract(s)
23 April 2026 - Dhara Rail Projects won ₹63.98 lakh rail work order for Vijayawada Division AC escorting and maintenance over 24 months.
-
Awarding of order(s)/contract(s)
20 April 2026 - Dhara Rail Projects won a Rs 1.43 crore railway maintenance order for 24 months.
-
Structural Digital Database
9 April 2026 - SDD compliance certificate filed for year ended 31 March 2026; no noncompliance reported.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
9 April 2026 - Non-applicability of corporate governance report for quarter ended 31 March 2026 filed.
-
Updates
9 April 2026 - Dhara Rail Projects says Regulation 24A secretarial compliance report is not applicable on SME exchange.
Annual reports
No data available.
Business Profile[1]
Dhara Rail Projects Limited, is an ISO 9001:2015 certified railway services company engaged in execution of contractual railway projects and allied services for Indian Railways. The company operates primarily in operations, maintenance, repair and SITC (Supply, Installation, Testing & Commissioning) of electrical and mechanical systems used in railway rolling stock.