---
title: "Dharni Capital Services Ltd (543753) — Share Price, Financials & Analysis"
symbol: "543753"
company: "Dharni Capital Services Ltd"
canonical: "https://tapetide.com/stocks/543753"
isin: "INE0M9Q01011"
nse_symbol: "DHARNICAPITALSERVICESLTD"
bse_code: "543753"
sector: "Capital Markets"
industry: "Wealth"
market_cap_cr: 112
generated_at: "2026-09-13T20:37:51.587Z"
---

# Dharni Capital Services Ltd (543753)

Canonical page: https://tapetide.com/stocks/543753

## Company

- **NSE Symbol:** DHARNICAPITALSERVICESLTD
- **BSE Code:** 543753
- **ISIN:** INE0M9Q01011
- **Sector:** Capital Markets
- **Industry:** Wealth
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2023-01-31
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** dharnicapital.com

## About

Incorporated in 2015, Dharni Capital Services 
 Ltd provides diversified financial services[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:45:20.837203Z.

- **Market Cap:** ₹112 Cr
- **Classification:** SME
- **P/E (reported):** 24
- **EPS (reported):** ₹1.53
- **Book Value:** ₹12.68
- **Price to Book:** 4.34
- **Dividend Yield:** 0%
- **ROE:** 16.97%
- **ROCE:** 22.89%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹12.5 Cr
- **Net Income:** ₹4.4 Cr
- **EBITDA:** ₹6.2 Cr
- **52-Week High:** ₹66.05
- **52-Week Low:** ₹52.5
- **RSI (14):** 2.31

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 89.6 days to 17.5 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -506.67% | -134.86% | -777.78% |
| ebitda margin growth | -13.53% | 10.12% | — |
| net income growth | 15.79% | 58% | — |
| revenue growth | 37.36% | 36% | — |
| roce | 3.29% | -4.39% | — |
| roe | -5.04% | 17.6% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.97 | 1.73 | 4.79 | 3.41 | 2.92 | 3.6 | 4.46 | 5.1 |
| Expenses | 2.25 | 1.11 | 3.15 | 2.15 | 1.8 | 2.13 | 3.12 | 3.22 |
| Operating Profit | 0.72 | 0.62 | 1.64 | 1.26 | 1.12 | 1.47 | 1.34 | 1.88 |
| OPM % | 24.24 | 35.84 | 34.24 | 36.95 | 38.36 | 40.83 | 30.04 | 36.86 |
| Other Income | 0.08 | 0.22 | 0.41 | 0.97 | 1.41 | 1.21 | 1.64 | 1.33 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 | 0.04 |
| Depreciation | 0.02 | 0.03 | 0.05 | 0.09 | 0.07 | 0.08 | 0.06 | 0.22 |
| Profit before tax | 0.78 | 0.81 | 2 | 2.14 | 2.46 | 2.57 | 2.89 | 2.95 |
| Tax % | 25.64 | 27.16 | 24 | 26.17 | 24.39 | 25.29 | 25.26 | 24.75 |
| Net Profit | 0.59 | 0.6 | 1.52 | 1.58 | 1.85 | 2 | 2.31 | 2.35 |
| EPS in Rs | 0.39 | 0.29 | 0.75 | 0.78 | 0.91 | 0.98 | 1.13 | 1.15 |

### Profit & Loss

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 4.98 | 9.56 | 9.09 | 12.53 |
| Expenses | 3.36 | 5.26 | 3.9 | 6.31 |
| Operating Profit | 1.62 | 4.3 | 5.19 | 6.22 |
| OPM % | 32.53 | 44.98 | 57.1 | 49.64 |
| Other Income | 0.02 | 0.01 | 0.05 | 0 |
| Interest | 0 | 0 | 0.03 | 0.07 |
| Depreciation | 0.05 | 0.17 | 0.18 | 0.3 |
| Profit before tax | 1.59 | 4.14 | 5.03 | 5.85 |
| Tax % | 25.16 | 24.88 | 25.05 | 24.96 |
| Net Profit | 1.19 | 3.11 | 3.85 | 4.67 |
| EPS in Rs | 0.58 | 1.53 | 1.89 | 2.29 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 2.04 | 2.04 | 2.04 | 2.04 |
| Reserves | 12.16 | 15.27 | 19.12 | 23.79 |
| Borrowings | 0 | 0 | 2.08 | 3.81 |
| Other Liabilities | 0.11 | 1.87 | 0.57 | 1.09 |
| Total Liabilities | 14.31 | 19.18 | 23.81 | 30.73 |
| Fixed Assets | 0.75 | 6.95 | 12.27 | 10.72 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 1.85 | 2.59 | 7.38 | 11.21 |
| Other Assets | 11.71 | 9.64 | 4.16 | 8.8 |
| Total Assets | 14.31 | 19.18 | 23.81 | 30.73 |

### Cash Flow

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

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.11 | 3.5 | 0.3 | -1.22 |
| Cash from Investing Activity | -1.42 | -9.97 | -6.74 | 3.02 |
| Cash from Financing Activity | 10.74 | 0 | 1.67 | -1.77 |
| Net Cash Flow | 10.43 | -6.47 | -4.78 | 0.04 |
| Free Cash Flow | 0.43 | -2.84 | -5.16 | 0.05 |
| CFO/OP | 69 | 81 | 6 | -20 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 0.73 | 4.58 | 10.44 | 13.98 |
| Cash Conversion Cycle | 0.73 | 4.58 | 10.44 | 13.98 |
| Working Capital Days | 21.99 | 112.25 | 138.93 | 17.48 |
| ROCE % | — | 26.28 | 24.96 | 22.39 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% | 73.64% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.97% | 20.03% | 19.97% | 19.94% | 20.01% | 20.03% | 20% | 19.85% | 19.82% | 19.81% | 19.87% | 19.68% |
| Others | 6.39% | 6.33% | 6.39% | 6.42% | 6.35% | 6.33% | 6.36% | 6.51% | 6.54% | 6.55% | 6.49% | 6.69% |
| No. of Shareholders | 144 | 121 | 113 | 114 | 105 | 103 | 117 | 156 | 180 | 176 | 180 | 178 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 7 / 2 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 56 | Sell |
| EMA (10) | 56.57 | Sell |
| SMA (20) | 60.27 | Sell |
| EMA (20) | 58.54 | Sell |
| SMA (50) | 60.76 | Sell |
| EMA (50) | 59.37 | Sell |
| SMA (100) | 57.74 | Sell |
| EMA (100) | 56.78 | Sell |
| SMA (200) | 50.06 | Buy |
| EMA (200) | 49.22 | Buy |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 20.34 | Buy |
| MACD (12,26,9) | -2.02 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 43.04 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.73 | Neutral |
| ROC (12) | -15.38 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-24 | [11Th Annual General Meeting To Be Held On September 18 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39937422-a921-4694-a552-fecbdd8dfa97.pdf) |
| 2026-08-24 | [11Th Annual General Meeting To Be Held On September 18 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb977736-8a4d-4c6a-9cb4-4b53fec40553.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17033473-3b7c-430b-ae4b-5886ec13ef00.pdf) |
| 2026-08-24 | [Intimation Of Cut-Off Date To Determine The Eligibility Of The Members To Cast Their Vote During 11Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b99234b3-a3ce-4b60-9b39-29010ab6a845.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f5de2223-32b5-45cb-9026-adbfb195340b.pdf) |
| 2026-08-04 | [Announcement Under Regulation 30 (LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6ed47ae-47f0-4490-a0f4-c7d46b0a9fa8.pdf) |
| 2026-08-04 | [Board Meeting Outcome for Meeting Held On 04.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=335e53f2-bc82-4879-9922-2e84c1254033.pdf) |
| 2026-08-03 | [Announcement Under Regulation 30 (LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55078a26-3cad-4b58-a7c6-b4b0c9b24212.pdf) |
| 2026-07-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aedb26af-c77b-4a61-aeb0-7c7d3ea257be.pdf) |
| 2026-04-24 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 24Th April 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9d55d796-380a-4583-8bd0-059619bd21b4.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Apr - Dharni Capital confirms it is not a Large Corporate; outstanding borrowings were 5.36 crore as of 31 March 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr - Dharni Capital confirms it is not a Large Corporate; outstanding borrowings were 5.36 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab13054d-da3f-40f8-9695-4c02c866a1e9.pdf) |
| 7 Apr - Company says Annual Secretarial Compliance Report under Regulation 24A is not applicable as BSE SME listed. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 7 Apr - Company says Annual Secretarial Compliance Report under Regulation 24A is not applicable as BSE SME listed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/11918c07-7b98-4801-bc09-c57ac1769efc.pdf) |
| 5 Nov 2025 - Certificate of non-applicability for RPT disclosures under Reg 23 for half-year ended Sep 30, 2025. | [Submission Of Certificate Of Non-Applicability Of Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 -Disclosure Of Related Party Transactions For The Half Year Ended September 30, 2025 5 Nov 2025 - Certificate of non-applicability for RPT disclosures under Reg 23 for half-year ended Sep 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8082e2f7-0742-4e06-9933-8a69953ba818.pdf) |
| 5 Nov 2025 - Board approved unaudited standalone profit Rs132.17L and consolidated profit Rs231.39L for half-year ended 30 Sep 2025. | [Unaudited Standalone And Consolidated Financial Results For The Half Year Ended On 30Th Spetember, 2025 5 Nov 2025 - Board approved unaudited standalone profit Rs132.17L and consolidated profit Rs231.39L for half-year ended 30 Sep 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/429a4cbe-07eb-44f5-b57d-869fc41a3f49.pdf) |
| 5 Nov 2025 - Approved unaudited standalone (profit ₹132.17L) and consolidated (profit ₹231.39L) H1 results ended 30 Sep 2025. | [Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Half Year Ended On 30Th Spetember, 2025 5 Nov 2025 - Approved unaudited standalone (profit ₹132.17L) and consolidated (profit ₹231.39L) H1 results ended 30 Sep 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83750508-4960-4222-be1f-b8f13530add3.pdf) |
| 25 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year/half-year ending 31 March 2026. | [Closure of Trading Window 25 Mar - Trading window closed from 1 April 2026 until 48 hours after audited results for year/half-year ending 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4e541e11-482c-47cb-a2d7-23228035b327.pdf) |
| 24 Apr - Board approved FY26 audited results and Rs15.28 crore investment in Dhanayu Finance via rights issue. | [Announcement under Regulation 30 (LODR)-Acquisition 24 Apr - Board approved FY26 audited results and Rs15.28 crore investment in Dhanayu Finance via rights issue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd949ca0-0644-43c5-bc2c-71c22a8599ad.pdf) |
| 24 Apr - Board approved FY26 audited results and ₹15.28 crore rights issue investment in Dhanayu Finance. | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 24Th April, 2026 24 Apr - Board approved FY26 audited results and ₹15.28 crore rights issue investment in Dhanayu Finance.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9d55d796-380a-4583-8bd0-059619bd21b4.pdf) |
| 24 Apr - Board approved audited FY26 results and Rs15.28 crore investment in Dhanayu Finance rights issue. | [Standalone & Consolidated Financial Results For The Half Year And Year Ended On 31.03.2026 24 Apr - Board approved audited FY26 results and Rs15.28 crore investment in Dhanayu Finance rights issue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f49ac3d-aeca-4085-93b8-639370cc24a3.pdf) |
| 20 Apr - Board meeting on 24 April 2026 to approve audited FY2026 standalone and consolidated results. | [Board Meeting Intimation for Meeting To Be Held On Friday, 24Th April, 2026 20 Apr - Board meeting on 24 April 2026 to approve audited FY2026 standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31afa12a-28d2-49af-8ffc-da7ea440773b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-04-24 | [Standalone & Consolidated Financial Results For The Half Year And Year Ended On 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f49ac3d-aeca-4085-93b8-639370cc24a3.pdf) |
| 2025-11-05 | [Unaudited Standalone And Consolidated Financial Results For The Half Year Ended On 30Th Spetember 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=429a4cbe-07eb-44f5-b57d-869fc41a3f49.pdf) |
| 2024-11-13 | [Financial Results For The Half Year Ended On 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34913c63-65c3-4f7e-8b2a-54226b21fe89.pdf) |
| 2024-05-10 | [Outcome Of Board Meeting Dated 10Th May, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=063bc9d3-c89d-484c-be44-db7b65c04965.pdf) |
| 2023-11-13 | [Un-Audited Standalone And Consolidated Financial Results For The Half Year Ended On 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=173a51e6-15cc-41af-b360-31c47c37b61d.pdf) |
| 2023-05-23 | [Board Meeting Outcome for Audited Financial Results For The Half Year & Year Ended March 31, 2023 Along With Auditor''s Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84a84a25-c09b-4468-960a-372c617192c6.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0fc72e77-3c3b-4977-8e39-8816488bed5c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3c1bcea-e295-430f-8540-5ed9ce85e4e1.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bde62697-9274-49db-8ef2-5907e912a3e8.pdf) |

---

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 2026-09-13T20:37:51.587Z.