Dhariwalcorp Ltd
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.[1]
- Market Cap ₹ 147 Cr.
- Current Price ₹ 164
- High / Low ₹ 191 / 90.5
- Stock P/E 41.3
- Book Value ₹ 38.7
- Dividend Yield 0.00 %
- ROCE 18.5 %
- ROE 16.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.2.96 Cr.
* 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
Commodities Chemicals Chemicals & Petrochemicals Trading - Chemicals
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 159 | 194 | 229 | 233 | |
| 157 | 194 | 224 | 230 | |
| Operating Profit | 2 | 0 | 4 | 3 |
| OPM % | 1% | 0% | 2% | 1% |
| 1 | 1 | 2 | 3 | |
| Interest | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | 6 | 5 |
| Tax % | 24% | 31% | 25% | 29% |
| 1 | 1 | 5 | 4 | |
| EPS in Rs | 142.00 | 60.00 | 6.86 | 3.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 7 | 9 |
| Reserves | 2 | 2 | 2 | 26 |
| 6 | 6 | 9 | 11 | |
| 6 | 11 | 4 | 22 | |
| Total Liabilities | 14 | 20 | 21 | 68 |
| 2 | 2 | 2 | 6 | |
| CWIP | 0 | 0 | 3 | 3 |
| Investments | 0 | 0 | 0 | 4 |
| 12 | 18 | 17 | 54 | |
| Total Assets | 14 | 20 | 21 | 68 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | 1 | -0 | -13 | |
| -0 | 0 | -3 | -11 | |
| -1 | -1 | 4 | 24 | |
| Net Cash Flow | 0 | 0 | 0 | -0 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 20 | 21 | 12 | 26 |
| Inventory Days | 4 | 9 | 8 | 43 |
| Days Payable | 9 | 18 | 4 | 29 |
| Cash Conversion Cycle | 15 | 12 | 17 | 41 |
| Working Capital Days | 2 | 3 | 10 | 38 |
| ROCE % | 18% | 50% | 19% |
Documents
Announcements
-
Shareholders meeting
8 August 2025 - Dhariwalcorp's 5th AGM approved FY24-25 financials, director reappointment, secretarial auditor, and MOA alteration.
-
Shareholders meeting
7 August 2025 - Dhariwalcorp held 5th AGM; adopted FY25 financials, reappointed director, appointed secretarial auditor, altered MOA objects.
-
Alteration Of Capital and Fund Raising-XBRL
16 July 2025 - DHARIWALCORP LIMITED has informed regarding Allotment of Securities
-
Outcome of Board Meeting
16 July 2025 - Allotment of 4.5 lakh warrants at Rs.153.49 each, raising Rs.6.9 crore via preferential issue.
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Outcome of Board Meeting
16 July 2025 - Allotment of 4.5 lakh warrants at Rs.153.49 each, raising Rs.6.9 Cr via preferential issue.
Business Profile[1] The company processes, purchases, sells, imports, and trades various types of wax, including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi-Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, montan wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, and Soya Wax.