Dhara Rail Projects
DHARARAIL NSE
Dhara Rail Projects
Commercial ServicesNSE: DHARARAIL Diversified Services
Key Fundamentals
SMEDiversified ServicesCommercial ServicesMarket Cap
₹214 Cr
Volatility
Moderate
P/E Ratio
14
EBITDA
₹21.50 Cr
Return on Equity
20.97%
Debt to Equity
0.18
Book Value
₹48.82
52W High
₹172.5
52W Low
₹90.05
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.9%
- Promoter holding has increased by 2.20% over last quarter.
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 175 days.
- Working capital days have increased from -44.3 days to 159 days
Growth Rate
Revenue Growth
21.46% lower than
3Y
Net Income Growth
141% lower than
3Y
Cash Flow Change
-47.89% higher than
3Y
ROE
-57.33% lower than
3Y
ROCE
-54.94% lower than
3Y
EBITDA Margin (Avg.)
107% lower than
3Y
Quarterly Results
| Particulars | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 27 | 28 | 28 |
| Expenses | 24 | 19 | 18 |
| Operating Profit | 3 | 10 | 10 |
| OPM % | 10% | 34% | 36% |
| Other Income | 1 | 0 | 1 |
| Interest | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 |
| PBT | 4 | 10 | 11 |
| Tax % | 24% | 26% | 24% |
| Net Profit | 3 | 7 | 8 |
| EPS in Rs | 299 | 6.36 | 5.56 |
Profit & Loss
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 27 | 31 | 44 | 57 |
| Expenses | 26 | 30 | 39 | 37 |
| Operating Profit | 1 | 1 | 5 | 20 |
| OPM % | 2.8% | 4.2% | 11% | 35% |
| Other Income | 1 | 3 | 4 | 2 |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| PBT | 1 | 4 | 8 | 21 |
| Tax % | 28% | 25% | 24% | 25% |
| Net Profit | 1 | 3 | 6 | 15 |
| EPS in Rs | 106 | 297 | 635 | 10.24 |
| Div. Payout % | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 0.1 | 0.1 | 0.1 | 15 |
| Reserves | 3 | 6 | 13 | 59 |
| Borrowings | 23 | 28 | 21 | 13 |
| Other Liabilities | 8 | 13 | 12 | 12 |
| Total Liabilities | 34 | 47 | 46 | 99 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 14 | 14 | 0 | 0 |
| Other Assets | 20 | 33 | 46 | 99 |
| Total Assets | 34 | 47 | 46 | 99 |
Cash Flow
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | -2 | -2 | -5 | -7 |
| Investing | -2 | -6 | 17 | 5 |
| Financing | 6 | 5 | -7 | 36 |
| Net Cash Flow | 3 | -2 | 5 | 34 |
| Free Cash Flow | -2 | -2 | -5 | -7 |
| CFO/OP | -168 | -86 | -54 | -12 |
Ratios
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 65 | 68 | 172 | 175 |
| Inventory Days | 25 | 208 | 37 | 303 |
| Days Payable | 153 | 232 | 142 | 230 |
| Cash Conversion Cycle | -63 | 44 | 67 | 248 |
| Working Capital Days | -247 | -244 | -48 | 159 |
| ROCE % | — | 8% | 18% | 35% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dhara Rail Projects insights
31 extracted metrics + investor summaries across FY23–FY26.
Documents
1
Awarding of order(s)/contract(s)
9 Sep - Dhara Rail Projects secured Rs. 3.66 crore domestic coach modification work order, executable in 6 months. 9 Sep - Dhara Rail Projects secured Rs. 3.66 crore domestic coach modification work order, executable in 6 months.
2
Copy of Newspaper Publication
4 Sep - Newspaper publication confirms dispatch of 16th AGM notice; AGM on 2026-09-28 via VC/OAVM with e-voting. 4 Sep - Newspaper publication confirms dispatch of 16th AGM notice; AGM on 2026-09-28 via VC/OAVM with e-voting.
3
Shareholders meeting
3 Sep - 16th AGM on 28 September 2026 via VC/OAVM; remote e-voting 25-27 September. 3 Sep - 16th AGM on 28 September 2026 via VC/OAVM; remote e-voting 25-27 September.
4
Copy of Newspaper Publication
2 Sep - Newspaper ads published for 16th AGM on 28 Sep 2026, with remote e-voting and cut-off date details. 2 Sep - Newspaper ads published for 16th AGM on 28 Sep 2026, with remote e-voting and cut-off date details.
5
Outcome of Board Meeting
1 Sep - Board approved AGM notice, annual report, director reappointment, and record dates for 28 September 2026 AGM. 1 Sep - Board approved AGM notice, annual report, director reappointment, and record dates for 28 September 2026 AGM.
Frequently Asked Questions about Dhara Rail Projects
What does Dhara Rail Projects Ltd do?
Incorporated in 2010, Dhara Rail Projects Ltd provides various services like annual maintenance contracts, and repair services for railway rolling stock systems.[1]
Where is Dhara Rail Projects Ltd (DHARARAIL) listed?
Dhara Rail Projects Ltd trades as DHARARAIL on the NSE.
Which sector does Dhara Rail Projects Ltd belong to?
Dhara Rail Projects Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the market capitalisation of Dhara Rail Projects Ltd?
Dhara Rail Projects Ltd has a market capitalisation of ₹214.19 Cr, which places it in the Small Cap band.
What is the PE ratio of Dhara Rail Projects Ltd?
Dhara Rail Projects Ltd trades at a PE ratio of 14.00, against a book value of ₹48.82 per share.
What is the 52-week high and low of Dhara Rail Projects Ltd?
Over the last 52 weeks Dhara Rail Projects Ltd has traded between ₹90.05 and ₹172.5.
What is the Return on Equity (ROE) of Dhara Rail Projects Ltd?
Dhara Rail Projects Ltd reported a return on equity of 20.97%. Its debt-to-equity ratio is 0.18.
Company Information
Incorporated in 2010, Dhara Rail Projects Ltd provides various services like annual maintenance contracts, and repair services for railway rolling stock systems.[1]
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