Dhariwalcorp
DHARIWAL NSE
Dhariwalcorp
CommoditiesNSE: DHARIWAL Chemicals & Petrochemicals
Key Fundamentals
SMETrading ChemicalsChemicalsMarket Cap
₹368 Cr
Volatility
Moderate
P/E Ratio
108.3
Return on Equity
10.27%
Debt to Equity
0.13
Book Value
₹5.67
52W High
₹41.25
52W Low
₹15.54
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -10.2%
- Earnings include an other income of Rs.6.90 Cr.
- Working capital days have increased from 36.5 days to 61.7 days
Growth Rate
Revenue Growth
56.24% higher than
3Y
Net Income Growth
141% lower than
3Y
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 118 | 111 | 120 | 113 | 119 | 118 |
| Expenses | 114 | 110 | 118 | 113 | 115 | 115 |
| Operating Profit | 3 | 1 | 3 | 1 | 4 | 3 |
| OPM % | 2.9% | 0.9% | 2.1% | 0.6% | 3% | 2.2% |
| Other Income | 1 | 2 | 1 | 1 | 2 | 5 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 4 | 2 | 4 | 1 | 4 | 7 |
| Tax % | 25% | 27% | 24% | 40% | 26% | 23% |
| Net Profit | 3 | 2 | 3 | 1 | 3 | 6 |
| EPS in Rs | 29.7 | 0.23 | 0.3 | 0.1 | 0.35 | 0.59 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 159 | 194 | 229 | 233 | 236 |
| Expenses | 157 | 194 | 224 | 230 | 230 |
| Operating Profit | 2 | 0 | 4 | 3 | 6 |
| OPM % | 1.1% | 0.2% | 1.9% | 1.4% | 2.6% |
| Other Income | 1 | 1 | 2 | 3 | 7 |
| Interest | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| PBT | 2 | 1 | 6 | 5 | 11 |
| Tax % | 24% | 31% | 25% | 29% | 24% |
| Net Profit | 1 | 1 | 5 | 4 | 9 |
| EPS in Rs | 14.2 | 6 | 0.68 | 0.4 | 0.91 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 0.1 | 0.1 | 7 | 9 | 19 |
| Reserves | 2 | 2 | 2 | 26 | 43 |
| Borrowings | 6 | 6 | 9 | 11 | 8 |
| Other Liabilities | 6 | 11 | 4 | 22 | 10 |
| Total Liabilities | 14 | 20 | 21 | 68 | 79 |
| Fixed Assets | 2 | 2 | 2 | 6 | 15 |
| CWIP | 0 | 0 | 3 | 3 | 7 |
| Investments | 0 | 0 | 0 | 4 | 7 |
| Other Assets | 12 | 18 | 17 | 54 | 50 |
| Total Assets | 14 | 20 | 21 | 68 | 79 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 1 | 1 | 0 | -13 | -1 |
| Investing | 0 | 0 | -3 | -11 | -10 |
| Financing | -1 | -1 | 4 | 24 | 13 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 1 |
| Free Cash Flow | 1 | 1 | -4 | -18 | -10 |
| CFO/OP | 80 | 329 | 23 | -379 | 30 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 20 | 21 | 12 | 26 | 17 |
| Inventory Days | 4 | 9 | 8 | 43 | 40 |
| Days Payable | 9 | 18 | 4 | 29 | 7 |
| Cash Conversion Cycle | 15 | 12 | 17 | 41 | 50 |
| Working Capital Days | 2 | 3 | 10 | 38 | 62 |
| ROCE % | — | 18% | 50% | 19% | 22% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dhariwalcorp insights
45 extracted metrics + investor summaries across FY22–FY26.
Documents
1
Shareholders meeting
2 Sep - 6th AGM held September 1, 2026; shareholders approved financials, share-capital increase, appointments, and related-party transactions. 2 Sep - 6th AGM held September 1, 2026; shareholders approved financials, share-capital increase, appointments, and related-party transactions.
2
Shareholders meeting
1 Sep - Dhariwalcorp held its 6th AGM on September 1, 2026; voting results to follow. 1 Sep - Dhariwalcorp held its 6th AGM on September 1, 2026; voting results to follow.
3
Copy of Newspaper Publication
11 Aug - 11 Aug 2026: Newspaper ads published for AGM notice dispatch and remote e-voting information. 11 Aug - 11 Aug 2026: Newspaper ads published for AGM notice dispatch and remote e-voting information.
4
Shareholders meeting
10 Aug - Dhariwalcorp's 6th AGM on Sep 1, 2026 includes capital hike to Rs40 crore and Rs27 crore RPTs. 10 Aug - Dhariwalcorp's 6th AGM on Sep 1, 2026 includes capital hike to Rs40 crore and Rs27 crore RPTs.
5
Copy of Newspaper Publication
9 Aug - Newspaper advertisement published in Financial Express and Business Remedies for shareholder email registration. 9 Aug - Newspaper advertisement published in Financial Express and Business Remedies for shareholder email registration.
Frequently Asked Questions about Dhariwalcorp
What does Dhariwalcorp Ltd do?
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.[1]
Where is Dhariwalcorp Ltd (DHARIWAL) listed?
Dhariwalcorp Ltd trades as DHARIWAL on the NSE.
Which sector does Dhariwalcorp Ltd belong to?
Dhariwalcorp Ltd is classified under the Commodities sector, in the Chemicals & Petrochemicals industry.
What is the market capitalisation of Dhariwalcorp Ltd?
Dhariwalcorp Ltd has a market capitalisation of ₹367.59 Cr, which places it in the Small Cap band.
What is the PE ratio of Dhariwalcorp Ltd?
Dhariwalcorp Ltd trades at a PE ratio of 108.30, against a book value of ₹5.67 per share.
What is the 52-week high and low of Dhariwalcorp Ltd?
Over the last 52 weeks Dhariwalcorp Ltd has traded between ₹15.54 and ₹41.25.
What is the Return on Equity (ROE) of Dhariwalcorp Ltd?
Dhariwalcorp Ltd reported a return on equity of 10.27%. Its debt-to-equity ratio is 0.13.
Company Information
Incorporated in 2020, Dhariwalcorp Limited trades in a wide range of waxes, industrial chemicals, and petroleum jelly.[1]
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