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 ₹ 52.9 Cr.
- Current Price ₹ 27.7
- High / Low ₹ 100 / 22.2
- Stock P/E
- Book Value ₹ 55.9
- Dividend Yield 0.72 %
- ROCE 11.3 %
- ROE 8.19 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.50 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 8.67% over last 3 years.
- Contingent liabilities of Rs.25.8 Cr.
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 81 | 82 | 102 | 62 | |
| 72 | 68 | 87 | 82 | |
| Operating Profit | 9 | 14 | 15 | -20 |
| OPM % | 11% | 17% | 14% | -32% |
| 1 | 1 | 2 | 1 | |
| Interest | 2 | 3 | 3 | 2 |
| Depreciation | 3 | 5 | 5 | 5 |
| Profit before tax | 6 | 7 | 9 | -25 |
| Tax % | 15% | 14% | 24% | |
| 5 | 6 | 7 | -26 | |
| EPS in Rs | 3.18 | 3.71 | 3.66 | -13.93 |
| Dividend Payout % | 0% | 7% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -594% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -1% |
| 3 Years: | -20% |
| 1 Year: | -69% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 15 | 16 | 19 | 19 |
| Reserves | 42 | 50 | 85 | 87 |
| 19 | 20 | 18 | 24 | |
| 32 | 22 | 21 | 20 | |
| Total Liabilities | 108 | 108 | 142 | 150 |
| 17 | 14 | 11 | 9 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 91 | 95 | 131 | 141 | |
| Total Assets | 108 | 108 | 142 | 150 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2 | -2 | -14 | |
| -6 | -3 | -3 | |
| 8 | 4 | 25 | |
| Net Cash Flow | 3 | -1 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 80 | 108 | 102 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 80 | 108 | 102 |
| Working Capital Days | 166 | 182 | 240 |
| ROCE % | 12% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23h - Won consultancy LOAs totalling ~₹16.24 Cr across six projects; unexecuted order book ~₹256 Cr (Feb 26, 2026).
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Announcement under Regulation 30 (LODR)-Credit Rating
1d - CARE downgraded Dhruv Feb 24, 2026; LT ₹8.50cr to CARE BB+; 9MFY26 operating and net losses.
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Project Updates
2d - Received LOA for PMC of Ganga River Bridge in Kanpur, Rs 1,68,81,984 excluding GST, 24-month project.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Feb - Earnings call for Q3 & 9M FY26 on March 2, 2026 at 12:00 PM IST.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Feb - Q3/9M FY26: 9M revenue ₹35.36 Cr; prospective ~₹30 Cr accounting adjustment; ₹256 Cr order book.
Annual reports
Concalls
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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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Mar 2024Transcript PPT
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Nov 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.