Dhani Services Ltd(Merged)
Dhani Services Ltd(Merged)
Financial Services DelistedTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.53 times its book value
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.7% over past five years.
- Promoter holding is low: 33.9%
- Company has a low return on equity of -0.66% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26 | 27 | 27 | 27 | 29 | 29 | 28 | 8 | 7 | 7 | 5 | 4 | 6 |
| Expenses | -7 | 1 | 2 | 3 | 2 | 3 | 9 | 3 | 2 | 12 | 5 | 11 | 6 |
| Operating Profit | 33 | 25 | 25 | 24 | 27 | 26 | 19 | 5 | 5 | -5 | 0 | -6 | 0 |
| OPM % | 126% | 95% | 92% | 89% | 92% | 91% | 69% | 65% | 68% | -73% | -2.8% | -147% | 1.5% |
| Other Income | 1 | 1 | 1 | 1 | 0 | 0 | -22 | 2 | 0 | 0 | 0 | 0 | 0 |
| Interest | 13 | 13 | 14 | 14 | 14 | 14 | 12 | 12 | 12 | 12 | 11 | 11 | 11 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 20 | 12 | 11 | 11 | 13 | 12 | -15 | -5 | -7 | -17 | -11 | -17 | -11 |
| Tax % | 42% | 52% | 57% | 76% | 53% | 53% | 31% | 19% | 22% | 5% | -27% | -8% | 0% |
| Net Profit | 12 | 6 | 5 | 3 | 6 | 6 | -20 | -6 | -8 | -17 | -8 | -16 | -11 |
| EPS in Rs | 0.19 | 0.1 | 0.08 | 0.04 | 0.1 | 0.1 | -0.33 | -0.1 | -0.13 | -0.29 | -0.13 | -0.26 | -0.18 |
Profit & Loss
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 202 | 101 | 148 | 186 | 148 | 306 | 31 | 45 | 107 | 95 | 24 | 23 |
| Expenses | 39 | 37 | 36 | 47 | 73 | 45 | 16 | 8 | 19 | 0 | 16 | 30 | 34 |
| Operating Profit | 115 | 164 | 66 | 101 | 114 | 103 | 290 | 23 | 25 | 107 | 79 | -6 | -11 |
| OPM % | 75% | 82% | 65% | 68% | 61% | 70% | 95% | 73% | 57% | 100% | 83% | -24% | -50% |
| Other Income | 7 | 1 | 3 | 3 | 13 | 61 | 4 | 5 | 2 | 2 | -22 | 1 | 1 |
| Interest | 15 | 26 | 40 | 43 | 60 | 42 | 38 | 35 | 45 | 54 | 52 | 45 | 44 |
| Depreciation | 5 | 5 | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 102 | 135 | 26 | 59 | 65 | 122 | 256 | -8 | -18 | 55 | 5 | -51 | -55 |
| Tax % | 15% | 12% | 35% | 21% | 26% | 14% | 4% | 114% | 39% | 54% | 414% | -4% | — |
| Net Profit | 87 | 118 | 17 | 47 | 49 | 105 | 246 | -17 | -25 | 25 | -14 | -49 | -52 |
| EPS in Rs | 3.18 | 3.81 | 0.49 | 1.24 | 0.92 | 1.74 | 5.29 | -0.32 | -0.41 | 0.42 | -0.24 | -0.81 | -0.86 |
| Div. Payout % | 106% | 66% | 521% | 68% | 95% | 67% | 68% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 46 | 52 | 59 | 64 | 93 | 113 | 102 | 115 | 121 | 122 | 122 | 122 |
| Reserves | 157 | 205 | 143 | 222 | 1,529 | 5,692 | 4,578 | 4,930 | 5,682 | 5,647 | 5,634 | 5,687 |
| Borrowings | 200 | 413 | 590 | 606 | 982 | 536 | 373 | 413 | 525 | 578 | 491 | 447 |
| Other Liabilities | 129 | 94 | 90 | 189 | 143 | 182 | 37 | 8 | 8 | 8 | 7 | 6 |
| Total Liabilities | 533 | 764 | 883 | 1,080 | 2,746 | 6,524 | 5,091 | 5,466 | 6,337 | 6,355 | 6,254 | 6,261 |
| Fixed Assets | 24 | 7 | 4 | 3 | 6 | 24 | 1 | 1 | 1 | 1 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 5 | 7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 6 | 6 | 59 | 1,368 | 4,403 | 4,780 | 4,818 | 4,952 | 4,883 | 5,776 | 5,964 |
| Other Assets | 490 | 751 | 872 | 1,018 | 1,367 | 2,090 | 310 | 648 | 1,384 | 1,472 | 477 | 298 |
| Total Assets | 533 | 764 | 883 | 1,080 | 2,746 | 6,524 | 5,091 | 5,466 | 6,337 | 6,355 | 6,254 | 6,261 |
Cash Flow
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 51 | 29 | 37 | 10 | -130 | 189 | 149 | -41 | 34 | 61 | -119 | 30 |
| Investing | 93 | 236 | 47 | -11 | -1,239 | -3,656 | 473 | -337 | -892 | -122 | 183 | -86 |
| Financing | -33 | 104 | 65 | 43 | 1,620 | 3,446 | -1,560 | 503 | 838 | 42 | -83 | 56 |
| Net Cash Flow | 111 | 368 | 149 | 42 | 251 | -21 | -938 | 125 | -21 | -20 | -18 | 0 |
| Free Cash Flow | 51 | 39 | 38 | 9 | -138 | 167 | 136 | -41 | 34 | 61 | -119 | 30 |
| CFO/OP | 53 | 29 | 70 | 18 | -96 | 196 | 57 | -182 | 150 | 58 | -145 | -504 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 63 | 117 | 103 | 116 | 181 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 48 | 63 | 117 | 103 | 116 | 181 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -377 | -736 | -2,167 | -1,611 | -1,726 | -348 | -99 | 267 | 154 | 77 | 107 | 6 |
| ROCE % | 32% | 30% | 9% | 12% | 7% | 3% | 5% | 1% | 0% | 2% | 1% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Documents
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Company Information
Dhani Services Ltd is primarily engaged in providing technology enabled subscription based healthcare and transaction finance services through its 'Dhani' App. It is also engaged in diverse business activities including Asset reconstruction, stock broking, etc.[1]
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