Dhariwalcorp Ltd
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.[1]
- Market Cap ₹ 329 Cr.
- Current Price ₹ 35.0
- High / Low ₹ 48.3 / 14.2
- Stock P/E 38.3
- Book Value ₹ 6.53
- Dividend Yield 0.00 %
- ROCE 22.1 %
- ROE 17.9 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -10.2%
- Earnings include an other income of Rs.6.90 Cr.
- Working capital days have increased from 36.5 days to 61.7 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
Commodities Chemicals Chemicals & Petrochemicals Trading - Chemicals
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 159 | 194 | 229 | 233 | 236 | |
| 157 | 194 | 224 | 230 | 230 | |
| Operating Profit | 2 | 0 | 4 | 3 | 6 |
| OPM % | 1% | 0% | 2% | 1% | 3% |
| 1 | 1 | 2 | 3 | 7 | |
| Interest | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | 6 | 5 | 11 |
| Tax % | 24% | 31% | 25% | 29% | 24% |
| 1 | 1 | 5 | 4 | 9 | |
| EPS in Rs | 14.20 | 6.00 | 0.68 | 0.40 | 0.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 143% |
| TTM: | 141% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 140% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 7 | 9 | 19 |
| Reserves | 2 | 2 | 2 | 26 | 43 |
| 6 | 6 | 9 | 11 | 8 | |
| 6 | 11 | 4 | 22 | 10 | |
| Total Liabilities | 14 | 20 | 21 | 68 | 79 |
| 2 | 2 | 2 | 6 | 15 | |
| CWIP | 0 | 0 | 3 | 3 | 7 |
| Investments | 0 | 0 | 0 | 4 | 7 |
| 12 | 18 | 17 | 54 | 50 | |
| Total Assets | 14 | 20 | 21 | 68 | 79 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 1 | 1 | -0 | -13 | -1 | |
| -0 | 0 | -3 | -11 | -10 | |
| -1 | -1 | 4 | 24 | 13 | |
| Net Cash Flow | 0 | 0 | 0 | -0 | 1 |
| Free Cash Flow | 1 | 1 | -4 | -18 | -10 |
| CFO/OP | 80% | 329% | 23% | -379% | 30% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 20 | 21 | 12 | 26 | 17 |
| Inventory Days | 4 | 9 | 8 | 43 | 40 |
| Days Payable | 9 | 18 | 4 | 29 | 7 |
| Cash Conversion Cycle | 15 | 12 | 17 | 41 | 50 |
| Working Capital Days | 2 | 3 | 10 | 38 | 62 |
| ROCE % | 18% | 50% | 19% | 22% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Domestic Reach (States) Number |
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| Domestic Reach (Union Territories) Number |
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| International Presence (Countries) Number |
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| Operational Warehouses Number |
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| Processing Units Number |
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| Permanent Employees Number |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
22 June 2026 - Promoter Manish Dhariwal reports no share encumbrance or pledge as on March 31, 2026.
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Disclosure under SEBI Takeover Regulations
19 June 2026 - Promoter confirms no shares were encumbered or pledged as of March 31, 2026.
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Disclosure under SEBI Takeover Regulations
19 June 2026 - Promoter Manish Dhariwal confirms no encumbrance or pledge on shares as of March 31, 2026.
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Disclosure under SEBI Takeover Regulations
19 June 2026 - Promoter Dilip Dhariwal confirms no share encumbrance or pledge as of March 31, 2026.
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Disclosure under SEBI Takeover Regulations
19 June 2026 - Promoter group confirms no encumbrance or pledge on Dhariwalcorp shares as of March 31, 2026.
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.