Dhara Rail Projects
Dhara Rail Projects (DHARARAIL) share price was ₹126.00 at the 28 Oct 2026 close; market capitalisation ₹190 Cr; sector Commercial Services. In the Mar 2026 quarter, revenue was ₹28 Cr, against ₹27 Cr a year earlier and net profit was ₹8 Cr, against ₹3 Cr a year earlier (compared with Mar 2025). Promoters held 74.56% of Dhara Rail Projects in Sep 2026, unchanged from Mar 2026.
Key Fundamentals
SMECommercial ServicesServicesPrice-based figures as of 29 Oct 2026, 10:36 IST · TTM
Peer Comparison
Services › Commercial Services › Diversified Services › Diversified Commercial Services
| ₹405.85 | 28.76 | 17,539 Cr | 10.02 | 0.65% | 47.80% | 58.83% | 1,521 Cr | 611 Cr | |
| ₹631.95 | 103.77 | 8,776 Cr | 25.78 | 0.00% | 64.94% | 11.08% | 2,850 Cr | 82 Cr | |
| ₹31.76 | 17.08 | 7,407 Cr | 2.08 | 0.00% | 11.14% | 6.24% | 1,121 Cr | 488 Cr | |
| ₹1,002.10 | 16.95 | 7,061 Cr | 2.24 | 0.71% | 13.77% | 15.50% | 1,055 Cr | 417 Cr | |
| ₹630.90 | 15.93 | 5,686 Cr | 12.13 | 4.76% | 73.83% | 23.30% | 689 Cr | 357 Cr | |
| ₹119.56 | — | 5,267 Cr | 3.49 | 0.00% | 6.19% | 9.00% | 821 Cr | 75 Cr | |
| Dhara Rail Projects (this company) | ₹126.00 | — | 190 Cr | 2.58 | 0.00% | 20.97% | 28.98% | — | — |
| Median 7 companies | ₹405.85 | 17.08 | 7,061 Cr | 3.49 | 0.00% | 20.97% | 15.50% | 1,088 Cr | 387 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100. How it works →
No Tapetide Score has been computed for this stock yet.
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
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 36% · Mar 2026
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 (₹) | 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 (₹) | 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
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54 extracted metrics + investor summaries across FY23–FY26.
Documents
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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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