Dhariwalcorp Ltd
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.[1]
- Market Cap ₹ 273 Cr.
- Current Price ₹ 29.0
- High / Low ₹ 48.3 / 16.6
- Stock P/E 40.4
- Book Value ₹ 6.53
- Dividend Yield 0.00 %
- ROCE 19.7 %
- ROE 14.0 %
- 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.
* 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: | 124% |
| TTM: | 89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 45% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 14% |
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% | -367% | 29% |
Ratios
Standalone / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 20 | 21 | 12 | 26 | 18 |
| 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 | 51 |
| ROCE % | 18% | 50% | 19% | 20% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| States & UTs Covered (Domestic) count |
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| Agro Segment Revenue Mix % |
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| Countries Exported To count |
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| Permanent Employees count |
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| Processing Units count |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
- Board approved preferential issue of 33 lakh shares and 1.70 crore warrants, totaling Rs 53.07 crore, subject to approvals.
-
Issue of Securities
- Board approved preferential issue of shares and warrants worth ₹52.44 crore; EGM on October 29, 2026.
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Trading Window
- Trading window remains closed from October 1, 2026 until 48 hours after H1 FY26 results.
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Trading Window
- Trading window closes from September 27, 2026 until 48 hours after September 30 board meeting outcome.
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Shareholders meeting
- AGM approved capital increase to Rs 40 crore, Rs 27 crore related-party property transactions, and new directors.
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.