Dhariwalcorp Ltd
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.[1]
- Market Cap ₹ 177 Cr.
- Current Price ₹ 18.8
- High / Low ₹ 48.3 / 16.0
- Stock P/E 20.6
- 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 % | 1.1% | 0.2% | 1.9% | 1.4% | 2.6% |
| 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: | 8% |
| 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 | |
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| States & UTs Covered (Domestic) count |
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| Countries Exported To count |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
- 11 Aug 2026: Newspaper ads published for AGM notice dispatch and remote e-voting information.
-
Shareholders meeting
- Dhariwalcorp's 6th AGM on Sep 1, 2026 includes capital hike to Rs40 crore and Rs27 crore RPTs.
-
Copy of Newspaper Publication
- Newspaper advertisement published in Financial Express and Business Remedies for shareholder email registration.
- Resignation of Director/KMP/SMP
-
Resignation
- Board approved FY26 annual report, AGM on Sept 1, 2026, and noted independent director resignation.
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.