---
title: "Dhar Textile Mills Ltd (530949) — Share Price, Financials & Analysis"
symbol: "530949"
company: "Dhar Textile Mills Ltd"
canonical: "https://tapetide.com/stocks/530949"
isin: "INE044B01018"
bse_code: "530949"
generated_at: "2026-10-13T11:00:19.919Z"
---

# Dhar Textile Mills Ltd (530949)

Canonical page: https://tapetide.com/stocks/530949

## Company

- **BSE Code:** 530949
- **ISIN:** INE044B01018
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** dhartextile.com

## About

The Dhar Textile Mills Limited is a textile processing company located in Indore, M.P. The company has fully integrated manufacturing facilities from spinning, weaving, dyeing, processing, and printing to finishing.

## Latest Price

## Key Insights

### Weaknesses

- The company has delivered a poor sales growth of -33.1% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 106% | 24% | 15% |
| revenue growth | -100% | -51% | -33% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.23 | 8.95 | 7.86 | 6.45 | 7.29 | 6.04 | 0 | 4.14 | 0 | 0 | 0 | 0 |
| Expenses | 5.54 | 8.56 | 7.46 | 6.49 | 7.69 | 5.91 | 0 | 3.98 | 0.01 | 0.01 | 0 | 0 |
| Operating Profit | 3.69 | 0.39 | 0.4 | -0.04 | -0.4 | 0.13 | 0 | 0.16 | -0.01 | -0.01 | 0 | 0 |
| OPM % | 39.98 | 4.36 | 5.09 | -0.62 | -5.49 | 2.15 | — | 3.86 | — | — | — | — |
| Other Income | 0.01 | 0.01 | 0 | 0.01 | 0 | 0.01 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.01 |
| Interest | 1.8 | 1.25 | 1.24 | 1.5 | 1.03 | 0.41 | 0 | 0.35 | 0 | 0 | 0 | 0 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Profit before tax | 1.88 | -0.87 | -0.86 | -1.55 | -1.44 | -0.28 | 0.04 | -0.16 | 0.03 | 0.03 | 0.04 | 0.01 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 1.88 | -0.87 | -0.86 | -1.55 | -1.44 | -0.28 | 0.04 | -0.16 | 0.03 | 0.03 | 0.04 | 0.01 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 32.44 | 24.91 | 32.85 | 30.79 | 33.96 | 35.84 | 31.44 | 24.96 | 4.13 | 0 |
| Expenses | 33.94 | 25.07 | 32.6 | 31 | 29.56 | 32.97 | 30.2 | 28.09 | 3.96 | 0.02 |
| Operating Profit | -1.5 | -0.16 | 0.25 | -0.21 | 4.4 | 2.87 | 1.24 | -3.13 | 0.17 | -0.02 |
| OPM % | -4.62 | -0.64 | 0.76 | -0.68 | 12.96 | 8.01 | 3.94 | -12.54 | 4.12 | — |
| Other Income | 0.03 | 0.04 | 0.02 | 0.03 | 0.04 | 3.17 | 0.25 | 0.03 | 0.16 | 0.13 |
| Interest | 19.27 | 22.27 | 24.53 | 27.74 | 31.3 | 6.68 | 4.74 | 1.83 | 0.36 | 0 |
| Depreciation | 3.38 | 3.37 | 3.37 | 3.04 | 3.05 | 0.08 | 0.05 | 0.03 | 0.03 | 0 |
| Profit before tax | -24.12 | -25.76 | -27.63 | -30.96 | -29.91 | -0.72 | -3.3 | -4.96 | -0.06 | 0.11 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -24.12 | -25.76 | -27.63 | -30.96 | -29.91 | -0.72 | -3.3 | -4.96 | -0.06 | 0.11 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 | 6.31 |
| Reserves | -134.67 | -158.79 | -184.55 | -212.18 | -243.14 | -273.05 | -273.77 | -277.07 | -282.04 | -282.1 |
| Borrowings | 154.16 | 173.11 | 194.75 | 219.69 | 247.33 | 278.55 | 280.46 | 284.58 | 285.48 | 285.44 |
| Other Liabilities | 12.01 | 9.61 | 10.79 | 9.62 | 10.08 | 9.54 | 8.77 | 6.71 | 8.12 | 7.82 |
| Total Liabilities | 37.81 | 30.24 | 27.3 | 23.44 | 20.58 | 21.35 | 21.77 | 20.53 | 17.87 | 17.47 |
| Fixed Assets | 31.49 | 28.12 | 24.81 | 21.45 | 18.44 | 15.39 | 15.32 | 15.27 | 15.24 | 15.2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0 | 0 | 0 | 0 |
| Other Assets | 6.27 | 2.07 | 2.44 | 1.94 | 2.09 | 5.91 | 6.45 | 5.26 | 2.63 | 2.27 |
| Total Assets | 37.81 | 30.24 | 27.3 | 23.44 | 20.58 | 21.35 | 21.77 | 20.53 | 17.87 | 17.47 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.92 | — | 0.08 | -0.51 | — | 0.04 | 0.05 | -4.17 | 0.83 | 0.27 |
| Cash from Investing Activity | -0.48 | — | -0.07 | 0 | — | 0 | 0 | 0 | 0.03 | 0.14 |
| Cash from Financing Activity | -0.39 | — | 0 | 0.5 | — | 0 | 0 | 4.12 | -0.92 | -0.4 |
| Net Cash Flow | 0.05 | — | 0.01 | -0.01 | — | 0.04 | 0.05 | -0.05 | -0.06 | 0.01 |
| Free Cash Flow | 0.44 | — | 0.01 | -0.51 | — | 0.04 | 0.05 | -4.17 | 0.83 | 0.27 |
| CFO/OP | -15 | — | -50 | -204 | — | 1 | 2 | -336 | -27 | 159 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 22.5 | 7.76 | 4.69 | 4.44 | 4.62 | 11.72 | 9.88 | 1.39 | 2.49 | 0 |
| Inventory Days | 27.79 | 12.13 | 6.39 | 7.51 | 8.45 | 33.02 | 43.13 | 47.94 | 4.72 | 6.23 |
| Days Payable | 125.83 | 93.87 | 121.28 | 72.76 | 89.68 | 90.23 | 92.76 | 76.53 | 104.91 | 663.98 |
| Cash Conversion Cycle | -75.55 | -73.98 | -110.2 | -60.81 | -76.61 | -45.49 | -39.75 | -27.2 | -97.7 | -657.75 |
| Working Capital Days | -51.88 | -84.95 | -122.64 | -85.44 | -65.08 | -14.51 | -13.34 | -4.76 | -66.1 | -389.75 |
| ROCE % | -32.76 | -20.89 | -18.79 | -20.44 | -26.56 | 12.46 | 48.05 | 10.74 | -26.56 | 3.09 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Dec 2017 |
| --- | --- | --- |
| Promoters | 47.99% | 47.99% |
| DIIs | 23.69% | 23.69% |
| Public | 28.32% | 28.32% |
| No. of Shareholders | 1651 | 1641 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.99% | 47.99% | 47.99% | 47.99% | 47.99% | 47.99% | 47.99% |
| DIIs | 23.69% | 23.69% | 23.69% | 23.69% | 23.69% | 23.69% | 23.69% |
| Public | 28.32% | 28.32% | 28.32% | 28.32% | 28.32% | 28.32% | 28.32% |
| No. of Shareholders | 1650 | 1650 | 1647 | 1651 | 1650 | 1641 | 1641 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1cad60f-5427-407f-9202-e3c580d00447.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd6337d2-dbc2-4826-8c9a-c88a96c65138.pdf) |
| 2026-02-23 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/xml-data/corpfiling/AttachHis/84511c30-0d48-443f-b2db-ad66523b92d7.pdf) |
| 2026-02-23 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f8d16c9-b22b-4faf-a30e-8a4f796ebfb3.pdf) |
| 2026-02-11 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dce866e4-2022-4cd6-8b34-69062215fc58.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff4f1e3f-6251-40f4-a255-28494680d6c3.pdf) |
| 2026-01-23 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e54b4c4-771a-43aa-9387-dfde1e826234.pdf) |
| 2026-01-23 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92f24505-2563-44b4-89c8-956822d79f06.pdf) |
| 2026-01-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/61beffbf-c1b6-479e-91da-964d5f18f3a8.pdf) |
| 2018-03-01 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37e81911-a47a-4a18-80df-8a0ee7d81c66.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/61beffbf-c1b6-479e-91da-964d5f18f3a8.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48584201-038f-412c-88da-4c6444ffd236.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b864fb99-8f4f-4042-878d-246c01f2e2db.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-03-10 | Credit rating update — CRISIL |
| 2026-03-02 | Credit rating update — CRISIL |
| 2026-02-24 | Credit rating update — CRISIL |
| 2026-01-05 | Credit rating update — CRISIL |
| 2025-12-26 | Credit rating update — CRISIL |
| 2025-12-08 | Credit rating update — CRISIL |
| 2025-12-03 | Credit rating update — CRISIL |
| 2025-10-07 | Credit rating update — CARE Ratings |
| 2025-10-01 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:19.919Z.