Dhara Rail Projects Ltd
Incorporated in 2010, Dhara Rail Projects Ltd provides various services like annual maintenance contracts, and repair services for railway rolling stock systems.[1]
- Market Cap ₹ 190 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 39.4
- Book Value ₹
- Dividend Yield %
- ROCE 19.0 %
- ROE 50.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.3.51 Cr.
- Company has high debtors of 172 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 26.60 | 31.47 | 44.48 | |
| 25.85 | 30.14 | 39.19 | |
| Operating Profit | 0.75 | 1.33 | 5.29 |
| OPM % | 2.82% | 4.23% | 11.89% |
| 0.79 | 2.76 | 3.51 | |
| Interest | 0.02 | 0.08 | 0.20 |
| Depreciation | 0.04 | 0.04 | 0.04 |
| Profit before tax | 1.48 | 3.97 | 8.56 |
| Tax % | 27.70% | 25.19% | 23.71% |
| 1.06 | 2.97 | 6.53 | |
| EPS in Rs | 106.00 | 297.00 | 653.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
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| TTM: | 41% |
| Compounded Profit Growth | |
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| TTM: | 174% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 50% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 11.10 |
| Reserves | 3.29 | 6.26 | 12.79 | 8.85 |
| 22.74 | 28.16 | 21.33 | 21.29 | |
| 7.85 | 12.77 | 12.02 | 20.49 | |
| Total Liabilities | 33.98 | 47.29 | 46.24 | 61.73 |
| 0.12 | 0.11 | 0.10 | 0.09 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 14.13 | 14.48 | 0.26 | 0.26 |
| 19.73 | 32.70 | 45.88 | 61.38 | |
| Total Assets | 33.98 | 47.29 | 46.24 | 61.73 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -1.57 | -2.03 | -4.97 | |
| -2.41 | -5.62 | 16.58 | |
| 6.50 | 5.34 | -7.03 | |
| Net Cash Flow | 2.52 | -2.31 | 4.57 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 65.18 | 68.08 | 172.16 |
| Inventory Days | 25.06 | 207.53 | 36.72 |
| Days Payable | 153.47 | 231.88 | 142.07 |
| Cash Conversion Cycle | -63.23 | 43.73 | 66.82 |
| Working Capital Days | -246.86 | -243.91 | -47.76 |
| ROCE % | 7.98% | 18.97% |
Documents
Annual reports
No data available.
Business Profile[1]
Dhara Rail Projects Limited, is an ISO 9001:2015 certified railway services company engaged in execution of contractual railway projects and allied services for Indian Railways. The company operates primarily in operations, maintenance, repair and SITC (Supply, Installation, Testing & Commissioning) of electrical and mechanical systems used in railway rolling stock.