---
title: "Dhanuka Infra Realty Ltd (DIRL) — Share Price, Financials & Analysis"
symbol: "DIRL"
company: "Dhanuka Infra Realty Ltd"
canonical: "https://tapetide.com/stocks/DIRL"
isin: "INE704V01015"
nse_symbol: "DIRL"
sector: "Realty"
industry: "Residential Commercial Projects"
market_cap_cr: 9.06
generated_at: "2026-09-13T20:14:32.807Z"
---

# Dhanuka Infra Realty Ltd (DIRL)

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

## Company

- **NSE Symbol:** DIRL
- **ISIN:** INE704V01015
- **Sector:** Realty
- **Industry:** Residential Commercial Projects
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2016-10-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** dhanukagroup.in

## About

Incorporated in 2002, Dhanuka Infra Realty Ltd is a real estate development and construction company.[1]

## Latest Price

- **Price:** ₹9.5
- **Change:** -0.1 (-1.04%)
- **Open:** ₹9.5
- **Day High:** ₹9.5
- **Day Low:** ₹9.5
- **Previous Close:** ₹9.6
- **Volume:** 6000
- **As Of:** 2026-08-19T08:43:32+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:03.369806Z.

- **Market Cap:** ₹9.06 Cr
- **Classification:** SME
- **P/E (reported):** 8.4
- **Book Value:** ₹17.41
- **Price to Book:** 0.55
- **Dividend Yield:** 0%
- **ROE:** 18.53%
- **ROCE:** 30.41%
- **Debt to Equity:** 0.11
- **Revenue (yearly):** ₹2.96 Cr
- **Net Income:** ₹1.37 Cr
- **EBITDA:** ₹-0.56 Cr
- **52-Week High:** ₹26.1
- **52-Week Low:** ₹8.9
- **RSI (14):** 32.23

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-07-27
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 50.4 (of 4309 scored stocks)
- **Confidence:** 92%
- **Data coverage:** 83%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 65.71 | 15% |
| growth | 49.9 | 15% |
| momentum | 15.77 | 15% |
| ownership | 50 | 10% |
| quality | 45.07 | 25% |
| valuation | 72.23 | 20% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.55 times its book value
- Debtor days have improved from 151 to 56.7 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -25.2% over past five years.
- Company has a low return on equity of 12.8% over last 3 years.
- Earnings include an other income of Rs.2.29 Cr.
- Promoter holding has decreased over last 3 years: -12.6%
- Working capital days have increased from 1,099 days to 1,597 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -83.57% | 270% | 107.85% |
| ebitda margin growth | -118.78% | -119.76% | -165.74% |
| net income growth | -31.5% | 48% | 22% |
| revenue growth | -52.26% | 10% | -25% |
| roce | 25.4% | — | 9.99% |
| roe | 63.55% | 6.46% | -186.51% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.8 | 10.8 | 1.79 | 1.75 | 2.1 | 0.11 | 0.84 | 0.62 | 0.39 | 3.64 | 0.63 | 2.33 |
| Expenses | 3.06 | 11.66 | 1.81 | 2.33 | 2.6 | 1.06 | 1.28 | 0.88 | 1.34 | 1.33 | 0.94 | 2.57 |
| Operating Profit | -1.26 | -0.86 | -0.02 | -0.58 | -0.5 | -0.95 | -0.44 | -0.26 | -0.95 | 2.31 | -0.31 | -0.24 |
| OPM % | -70 | -7.96 | -1.12 | -33.14 | -23.81 | -863.64 | -52.38 | -41.94 | -243.59 | 63.46 | -49.21 | -10.3 |
| Other Income | 0.08 | 0.13 | 0 | 1.41 | 0.02 | 1.48 | 0.75 | 2.49 | 0.77 | 1.38 | 0.66 | 1.62 |
| Interest | 0.02 | 0.03 | 0.68 | 0.61 | 0.55 | 0.5 | 0.54 | 0.52 | 0.4 | 0.27 | 0.13 | 0.08 |
| Depreciation | 0.08 | 0.07 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Profit before tax | -1.28 | -0.83 | -0.75 | 0.17 | -1.08 | -0.02 | -0.28 | 1.66 | -0.63 | 3.37 | 0.18 | 1.26 |
| Tax % | 0 | -61.45 | 0 | -111.76 | -25 | 0 | 0 | 21.69 | 0 | 20.77 | 0 | 29.37 |
| Net Profit | -1.28 | -0.32 | -0.75 | 0.36 | -0.81 | -0.02 | -0.28 | 1.3 | -0.63 | 2.68 | 0.18 | 0.89 |
| EPS in Rs | -1.82 | -0.45 | -1.07 | 0.51 | -1.05 | -0.03 | -0.36 | 1.68 | -0.81 | 3.46 | 0.19 | 0.93 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 15.42 | 24.41 | 16.34 | 3.9 | 12.6 | 3.54 | 2.21 | 2.08 | 4.01 | 2.96 |
| Expenses | 13.13 | 22.41 | 16.3 | 4.09 | 14.73 | 4.14 | 3.62 | 2.16 | 2.65 | 3.52 |
| Operating Profit | 2.29 | 2 | 0.04 | -0.19 | -2.13 | -0.6 | -1.41 | -0.08 | 1.36 | -0.56 |
| OPM % | 14.85 | 8.19 | 0.24 | -4.87 | -16.9 | -16.95 | -63.8 | -3.85 | 33.92 | -18.92 |
| Other Income | 0.07 | 0.07 | 0.16 | 0.25 | 0.21 | 1.41 | 1.5 | 2.62 | 2.15 | 2.29 |
| Interest | 1.21 | 1.44 | 1.52 | 1.31 | 0.04 | 1.29 | 1.09 | 1.06 | 0.67 | 0.21 |
| Depreciation | 0.08 | 0.12 | 0.2 | 0.16 | 0.15 | 0.11 | 0.1 | 0.1 | 0.1 | 0.08 |
| Profit before tax | 1.07 | 0.51 | -1.52 | -1.41 | -2.11 | -0.59 | -1.1 | 1.38 | 2.74 | 1.44 |
| Tax % | 31.78 | 27.45 | -23.03 | -24.11 | -24.17 | -32.2 | -24.55 | 26.09 | 25.55 | 25.69 |
| Net Profit | 0.74 | 0.37 | -1.17 | -1.07 | -1.6 | -0.4 | -0.84 | 1.02 | 2.05 | 1.07 |
| EPS in Rs | 2.1 | 0.53 | -1.66 | -1.52 | -2.27 | -0.57 | -1.09 | 1.32 | 2.65 | 1.12 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.52 | 7.04 | 7.04 | 7.04 | 7.04 | 7.04 | 7.74 | 7.74 | 7.74 | 9.54 |
| Reserves | 7.4 | 4.25 | 3.08 | 2.01 | 0.41 | 0.02 | 0.23 | 1.25 | 3.3 | 7.07 |
| Borrowings | 11.78 | 13.08 | 11.82 | 11.17 | 17.34 | 12.64 | 11.14 | 9.33 | 7.79 | 1.82 |
| Other Liabilities | 29.2 | 19.48 | 11.48 | 12.24 | 6.18 | 3 | 3.05 | 2.25 | 2.38 | 1.51 |
| Total Liabilities | 51.9 | 43.85 | 33.42 | 32.46 | 30.97 | 22.7 | 22.16 | 20.57 | 21.21 | 19.94 |
| Fixed Assets | 2.57 | 3.26 | 3.06 | 2.89 | 2.55 | 2.41 | 2.31 | 2.22 | 2.12 | 2.15 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0.3 | 0.3 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 49.33 | 40.29 | 30.06 | 29.27 | 28.42 | 20.29 | 19.85 | 18.35 | 19.09 | 17.79 |
| Total Assets | 51.9 | 43.85 | 33.42 | 32.46 | 30.97 | 22.7 | 22.16 | 20.57 | 21.21 | 19.94 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -4.19 | 2.95 | -1.44 | 0.54 | -4.33 | -1.02 | -0.2 | 2.07 | 0.34 | 1.9 |
| Cash from Investing Activity | -2.14 | -2.78 | 0 | 0 | 0.68 | 0.03 | 0 | 0 | 0.51 | -0.35 |
| Cash from Financing Activity | 5.86 | 1.66 | -0.05 | -0.84 | 3.68 | 1.2 | -0.05 | -1.86 | -0.61 | -1.48 |
| Net Cash Flow | -0.47 | 1.82 | -1.49 | -0.3 | 0.03 | 0.22 | -0.25 | 0.21 | 0.24 | 0.06 |
| Free Cash Flow | -4.23 | 1.87 | -1.44 | 0.54 | -4.13 | -0.99 | -0.2 | 2.06 | 0.33 | 1.8 |
| CFO/OP | -168 | 154 | -3600 | -284 | 203 | 170 | 14 | -2588 | 25 | -339 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 154.1 | 49.34 | 62.1 | 240.53 | 82.85 | 92.8 | 41.29 | 105.29 | 290.36 | 56.72 |
| Inventory Days | — | 1399.95 | 1072.1 | — | 431.61 | 1958.54 | 2517.85 | 4119.69 | 3192.59 | 6487.44 |
| Days Payable | — | 89.21 | 51.51 | — | 31.16 | 105.56 | 83.98 | 87.71 | 94.72 | 334.58 |
| Cash Conversion Cycle | 154.1 | 1360.08 | 1082.69 | 240.53 | 483.3 | 1945.78 | 2475.16 | 4137.27 | 3388.24 | 6209.58 |
| Working Capital Days | 355.3 | 212.78 | 312.28 | 1141.79 | 422.94 | 572.25 | 1028.94 | 1044.11 | 656.27 | 1596.88 |
| ROCE % | — | 8.16 | 0 | -0.47 | -9.2 | 3.15 | -0.05 | 13.04 | 18.36 | 8.86 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.58% | 73.58% | 73.58% | 66.93% | 66.93% | 66.93% | 66.93% | 66.93% | 66.93% | 54.3% | 54.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.26% | 22.12% | 22.37% | 29.66% | 28.73% | 29.12% | 27.8% | 27.96% | 27.96% | 40.94% | 41.45% |
| Others | 5.16% | 4.3% | 4.05% | 3.41% | 4.34% | 3.95% | 5.27% | 5.12% | 5.12% | 4.76% | 4.26% |
| No. of Shareholders | 130 | 139 | 144 | 143 | 147 | 139 | 168 | 151 | 154 | 186 | 190 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.51 | Sell |
| EMA (10) | 10.49 | Sell |
| SMA (20) | 11.37 | Sell |
| EMA (20) | 11.09 | Sell |
| SMA (50) | 12.08 | Sell |
| EMA (50) | 12.23 | Sell |
| SMA (100) | 14.45 | Sell |
| EMA (100) | 13.95 | Sell |
| SMA (200) | 17.27 | Sell |
| EMA (200) | 16.18 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.55 | Neutral |
| MACD (12,26,9) | -0.7 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 7.94 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.6 | High Volatility |
| ROC (12) | -23.08 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 28.03 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Dhanuka Infra Realty Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) … | [Disclosure under SEBI Takeover Regulations 9 April 2026 - Dhanuka Infra Realty Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …](https://nsearchives.nseindia.com/corporate/team_sandeshc_07042026115140_Acquition13.pdf) |
| 8 Jul - Dhanuka Infra Realty Limited has informed about Certificate under Regulation-74(5) of SEBI (Depositories and Participants) Regulations, 2018 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 Jul - Dhanuka Infra Realty Limited has informed about Certificate under Regulation-74(5) of SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/DRL_08072026124110_Attachment.pdf) |
| 8 Jul - Corporate governance provisions deemed inapplicable for quarter ended June 30, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 Jul - Corporate governance provisions deemed inapplicable for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/DRL_08072026154610_Attachment.pdf) |
| 8 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026; all shares in demat, no rematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026; all shares in demat, no rematerialisation requests.](https://nsearchives.nseindia.com/corporate/DRL_08042026171411_Attachment.pdf) |
| 4 March 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 4 March 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=DIRL&tabIndex=sme) |
| 30 May 2026 - Board approved FY26 audited standalone/consolidated results and appointed secretarial/internal auditors on 30 May 2026. | [Outcome of Board Meeting 30 May 2026 - Board approved FY26 audited standalone/consolidated results and appointed secretarial/internal auditors on 30 May 2026.](https://nsearchives.nseindia.com/corporate/DRL_30052026170640_attachment.pdf) |
| 30 May - Board approved FY26 standalone and consolidated audited results; appointed secretarial and internal auditors for FY27. | [Outcome of Board Meeting 30 May - Board approved FY26 standalone and consolidated audited results; appointed secretarial and internal auditors for FY27.](https://nsearchives.nseindia.com/corporate/DRL_30052026182448_attachment.pdf) |
| 30 March 2026 - Dhanuka Infra Realty Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | [Trading Window 30 March 2026 - Dhanuka Infra Realty Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015](https://nsearchives.nseindia.com/corporate/DRL_30032026184059_Attachment.pdf) |
| 29 December 2025 - Dhanuka Realty renamed Dhanuka Infra Realty; symbol DRL to DIRL effective Jan 02, 2026. | [Name and Symbol Change 29 December 2025 - Dhanuka Realty renamed Dhanuka Infra Realty; symbol DRL to DIRL effective Jan 02, 2026.](https://nsearchives.nseindia.com/corporate/cdaga_29122025180211_CML72032.pdf) |
| 22 December 2025 - Dhanuka Realty Limited has informed that the name has been changed from | [Name Change 22 December 2025 - Dhanuka Realty Limited has informed that the name has been changed from](https://nsearchives.nseindia.com/corporate/DRL_22122025161813_Announcement.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31128_DIRL_2025_2026_A_29325600_02092026180030.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28767_DRL_2024_2025_A_3788480_06092025163900.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26032_DRL_2023_2024_06092024183655.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23646_DRL_2022_2023_06092023170535_09062023180016.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_20470_DRL_2021_2022_23072022173337_07232022180009.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19562_DRL_2020_2021_07092021123012_09072021130008.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17624_DRL_2019_2020_08092020163826_08092020170007.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15142_DRL_2018_2019_06082019173736_06082019180008.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_12825_DRL_2017_2018_03082018153747.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_11006_DRL_2016_2017_08082017153235.zip) |

---

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 2026-09-13T20:14:32.807Z.