Dhruv Consultancy Services Ltd
Incorporated in 2003, Dhruv Consultancy Services Ltd is a Project Management Consultancy firm that specializes in providing infrastructural solutions[1]
- Market Cap ₹ 54.4 Cr.
- Current Price ₹ 28.7
- High / Low ₹ 76.0 / 22.2
- Stock P/E
- Book Value ₹ 38.2
- Dividend Yield 0.70 %
- ROCE -32.7 %
- ROE -32.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.75 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.51% over past five years.
- Company has a low return on equity of -6.64% over last 3 years.
- Contingent liabilities of Rs.25.8 Cr.
- Company might be capitalizing the interest cost
- Company has high debtors of 181 days.
- Promoter holding has decreased over last 3 years: -14.6%
* 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 Consulting Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 15 | 30 | 43 | 56 | 49 | 63 | 75 | 81 | 82 | 102 | 43 | |
| 8 | 12 | 22 | 31 | 42 | 45 | 55 | 66 | 72 | 68 | 87 | 76 | |
| Operating Profit | 2 | 3 | 8 | 12 | 15 | 4 | 9 | 9 | 9 | 14 | 15 | -33 |
| OPM % | 17% | 23% | 27% | 27% | 26% | 7% | 14% | 12% | 11% | 17% | 14% | -77% |
| 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | |
| Interest | 0 | 1 | 2 | 2 | 3 | 2 | 1 | 1 | 2 | 3 | 3 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 5 | 4 |
| Profit before tax | 1 | 2 | 5 | 10 | 11 | 1 | 7 | 8 | 6 | 7 | 9 | -38 |
| Tax % | 41% | 42% | 35% | 32% | 31% | 25% | 32% | 27% | 15% | 14% | 24% | -25% |
| 1 | 1 | 4 | 7 | 8 | 1 | 5 | 6 | 5 | 6 | 7 | -28 | |
| EPS in Rs | 26.33 | 44.00 | 94.47 | 6.89 | 5.37 | 0.74 | 3.38 | 4.03 | 3.19 | 3.71 | 3.66 | -14.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 5% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -8% |
| 3 Years: | -19% |
| TTM: | -58% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -509% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -17% |
| 1 Year: | -60% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -2% |
| 3 Years: | -7% |
| Last Year: | -32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.30 | 0.30 | 0.38 | 10 | 14 | 14 | 14 | 14 | 15 | 16 | 19 | 19 |
| Reserves | 4 | 5 | 10 | 6 | 30 | 31 | 25 | 32 | 42 | 50 | 85 | 53 |
| 5 | 8 | 14 | 20 | 13 | 10 | 10 | 12 | 19 | 20 | 18 | 28 | |
| 4 | 5 | 6 | 14 | 16 | 13 | 33 | 27 | 32 | 22 | 21 | 18 | |
| Total Liabilities | 12 | 18 | 30 | 50 | 74 | 69 | 83 | 85 | 108 | 108 | 142 | 119 |
| 1 | 3 | 5 | 7 | 8 | 5 | 5 | 7 | 17 | 14 | 11 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| 11 | 15 | 25 | 43 | 65 | 63 | 77 | 78 | 91 | 95 | 131 | 107 | |
| Total Assets | 12 | 18 | 30 | 50 | 74 | 69 | 83 | 85 | 108 | 108 | 142 | 119 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 5 | -11 | -0 | 3 | 4 | 2 | -2 | -14 | -3 | |||
| -3 | -1 | -2 | 2 | 0 | -6 | -6 | -3 | -3 | 4 | |||
| 1 | -0 | 13 | -3 | -1 | 1 | 8 | 4 | 25 | -0 | |||
| Net Cash Flow | 0 | 3 | 0 | -1 | 2 | -2 | 3 | -1 | 8 | 0 | ||
| Free Cash Flow | -1 | 3 | -13 | 1 | 2 | -3 | -5 | -5 | -18 | -8 | ||
| CFO/OP | 28% | 44% | -73% | -2% | 31% | 48% | 22% | 0% | -79% | -5% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 220 | 180 | 218 | 226 | 226 | 158 | 65 | 80 | 108 | 102 | 181 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 209 | 220 | 180 | 218 | 226 | 226 | 158 | 65 | 80 | 108 | 102 | 181 |
| Working Capital Days | 172 | 141 | 66 | 102 | 222 | 255 | 161 | 151 | 166 | 182 | 240 | 356 |
| ROCE % | 23% | 28% | 39% | 40% | 29% | 5% | 16% | 17% | 11% | 12% | 11% | -33% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Presence Across States Number |
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| Total Workforce Size Number |
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| Order Book Secured during Year INR Crore |
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| Total DPR Completed Length km |
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| Total Project Supervision Completed Length km |
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| Cumulative Completed Projects Number |
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| Unbilled Revenue as % of Total Revenue % |
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| Unexecuted Order Book INR Crore |
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| Employee Attrition Rate % |
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Extracted by Screener AI
Documents
Announcements
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Regulation 30 - Project Updates
12h - Dhruv Consultancy received LOA for Ujjain Jaora highway consultancy, worth Rs 8.34 crore for 48 months.
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Regulation 30 Project Update Letter
1 Jun - Dhruv received LOA for wayside amenities on NH-52 in Maharashtra; 15-year lease, ₹64.8 lakh annual rent.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Newspaper Publications w.r.t. Audited Financial Results
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Board Meeting Outcome for Outcome Of Board Meeting
28 May - Board approved audited FY26 results; standalone loss ₹2,842.12 lakh, unmodified audit opinion, internal auditor reappointed for FY27.
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Audited Financial Results For Q4 Of 2025-2026
28 May - FY26 audited results approved; standalone loss ₹28.42 crore, unmodified audit opinion, S.M. Kulkarni reappointed internal auditor.
Annual reports
Concalls
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Mar 2026TranscriptPPT
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Nov 2025TranscriptPPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024TranscriptPPT
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Jun 2024TranscriptPPT
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Mar 2024Transcript PPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Aug 2022TranscriptPPT
Business Overview:[1][2]
DCSL provides consultancy services in the infrastructure sector, primarily catering to government bodies through tenders. The company offers design, engineering, procurement, construction, and integrated project management services across highways, bridges, tunnels, architectural and environmental engineering, and ports. Its offerings include DPR and feasibility studies, O&M works, project management consultancy, independent consultancy, project planning and design, traffic and transportation engineering, financial and technical audits, structural inspections, and techno-legal services.