---
title: "Dhunseri Ventures Ltd (DVL) — Share Price, Financials & Analysis"
symbol: "DVL"
company: "Dhunseri Ventures Ltd"
canonical: "https://tapetide.com/stocks/DVL"
isin: "INE477B01010"
nse_symbol: "DVL"
bse_code: "523736"
sector: "Diversified"
industry: "Diversified Group"
market_cap_cr: 995.23
generated_at: "2026-09-13T19:35:51.790Z"
---

# Dhunseri Ventures Ltd (DVL)

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

## Company

- **NSE Symbol:** DVL
- **BSE Code:** 523736
- **ISIN:** INE477B01010
- **Sector:** Diversified
- **Industry:** Diversified Group
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2008-01-11
- **CEO:** Mr. Chandra Kumar Dhanuka B.Com
- **Employees:** 20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** aspetindia.com

## About

Incorporated in 1916, Dhunseri Ventures Ltd is in the business of Treasury Operations and 
Trading activities[1]

## Latest Price

- **Price:** ₹286.2
- **Change:** +1.1 (+0.39%)
- **Open:** ₹286.7
- **Day High:** ₹290
- **Day Low:** ₹282.45
- **Previous Close:** ₹285.1
- **Volume:** 8642
- **As Of:** 2026-09-11T09:59:22+00:00

## Key Fundamentals

Observed at 2026-09-11T04:48:06.038777Z.

- **Market Cap:** ₹995.23 Cr
- **Classification:** Microcap
- **P/E (reported):** 5.2
- **P/E (TTM):** 5.16
- **EPS (TTM):** ₹55.44
- **EPS (reported):** ₹52.13
- **Book Value:** ₹938.77
- **Price to Book:** 0.3
- **Dividend Yield:** 1.75%
- **ROE:** 2.68%
- **ROCE:** 3.8%
- **Debt to Equity:** 0.29
- **Revenue (yearly):** ₹454.1 Cr
- **Net Income:** ₹88.1 Cr
- **EBITDA:** ₹20.6 Cr
- **52-Week High:** ₹380.6
- **52-Week Low:** ₹186.99
- **RSI (14):** 55.66

## Tapetide Score

- **Score:** 47 / 100
- **Score date:** 2026-09-04
- **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: Rising
- **Percentile:** 35.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 41.77 | 9% |
| growth | 1.1 | 9% |
| momentum | 90.62 | 12% |
| ownership | 45.59 | 24% |
| quality | 28.12 | 22% |
| valuation | 68.92 | 24% |

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

## Key Insights

### Strengths

- Stock is trading at 0.30 times its book value
- Company has been maintaining a healthy dividend payout of 25.2%

### Weaknesses

- Company has a low return on equity of 4.99% over last 3 years.
- Earnings include an other income of Rs.367 Cr.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 73.14% | — | -290.43% |
| ebitda margin growth | 402.55% | -76.83% | -83.28% | -88.47% |
| net income growth | 614.34% | -36.25% | -34% | -8% |
| revenue growth | 110.8% | -9.7% | 17% | 15% |
| roce | 463.49% | -30.91% | -31.53% | 10.97% |
| roe | 615.48% | -38.11% | 4.05% | -84.62% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 43 | 57 | 264 | 161 | 148 | 113 | 134 | 160 | 69 | 72 | 71 | 232 |
| Expenses | 26 | 44 | 255 | 120 | 101 | 78 | 243 | 78 | 110 | 114 | 132 | 141 |
| Operating Profit | 17 | 13 | 9 | 41 | 47 | 34 | -109 | 82 | -41 | -42 | -61 | 91 |
| OPM % | 39 | 22 | 3.4 | 25 | 32 | 30 | -81 | 51 | -59 | -59 | -85 | 39 |
| Other Income | 84 | 20 | 42 | 58 | 97 | 72 | 21 | 44 | 52 | 62 | 108 | 145 |
| Interest | 1 | 8 | 6 | 2 | 20 | -9 | 16 | 27 | 15 | 10 | 15 | 4 |
| Depreciation | 6 | 7 | 11 | 11 | 11 | 7 | 7 | 7 | 6 | 6 | 6 | 6 |
| Profit before tax | 95 | 18 | 34 | 86 | 113 | 109 | -110 | 93 | -10 | 4 | 26 | 226 |
| Tax % | 20 | 32 | 29 | 19 | 40 | 15 | -21 | 24 | 30 | -52 | 6 | 23 |
| Net Profit | 76 | 12 | 24 | 70 | 68 | 93 | -87 | 71 | -13 | 6 | 24 | 174 |
| EPS in Rs | 21.67 | 3.55 | 6.95 | 19.99 | 19.36 | 26.7 | -24.87 | 20.36 | -3.05 | 1.73 | 6.96 | 49.8 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 970 | 762 | 70 | 182 | 272 | 232 | 429 | 528 | 372 | 443 |
| Expenses | 943 | 737 | 148 | 71 | 201 | 232 | 350 | 465 | 349 | 496 |
| Operating Profit | 27 | 25 | -78 | 111 | 71 | 0 | 79 | 63 | 23 | -53 |
| OPM % | 2.8 | 3.3 | -112 | 61 | 26 | -0.1 | 18 | 12 | 6 | -12 |
| Other Income | 54 | 31 | 42 | 198 | 407 | 746 | 159 | 206 | 181 | 367 |
| Interest | 2 | 23 | 7 | 5 | 5 | 6 | 16 | 29 | 66 | 43 |
| Depreciation | 2 | 4 | 28 | 26 | 23 | 22 | 29 | 42 | 26 | 25 |
| Profit before tax | 78 | 29 | -71 | 279 | 450 | 718 | 193 | 197 | 113 | 246 |
| Tax % | 34 | -10 | -20 | 16 | 20 | 25 | 21 | 28 | 22 | — |
| Net Profit | 52 | 32 | -57 | 233 | 360 | 542 | 152 | 143 | 88 | 191 |
| EPS in Rs | 14.96 | 9.41 | -15.64 | 66.36 | 102.6 | 154.99 | 43.74 | 41.19 | 25.99 | 55.44 |
| Dividend Payout % | 23 | 43 | -3 | 4 | 4 | 3 | 11 | 12 | 52 | — |

### 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 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 1065 | 1158 | 1327 | 1198 | 1569 | 2027 | 2602 | 2924 | 3154 | 3253 |
| Borrowings | 0 | 117 | 70 | 92 | 73 | 115 | 365 | 377 | 388 | 952 |
| Other Liabilities | 100 | 279 | 173 | 154 | 216 | 281 | 528 | 592 | 593 | 639 |
| Total Liabilities | 1200 | 1589 | 1605 | 1479 | 1893 | 2459 | 3529 | 3928 | 4171 | 4878 |
| Fixed Assets | 16 | 29 | 34 | 54 | 69 | 74 | 77 | 628 | 621 | 580 |
| CWIP | 46 | 46 | 46 | 46 | 46 | 84 | 536 | 55 | 74 | 819 |
| Investments | 1080 | 1126 | 1312 | 1282 | 1639 | 2079 | 2513 | 2772 | 2996 | 3097 |
| Other Assets | 58 | 388 | 214 | 96 | 139 | 220 | 404 | 473 | 480 | 382 |
| Total Assets | 1200 | 1589 | 1605 | 1479 | 1893 | 2459 | 3529 | 3928 | 4171 | 4878 |

### 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 | 354 | -342 | 96 | 101 | 30 | -26 | 143 | -7 | -378 | -102 |
| Cash from Investing Activity | -273 | 287 | -51 | -57 | 35 | 13 | -303 | 24 | 536 | -410 |
| Cash from Financing Activity | -141 | 104 | -85 | -40 | -56 | 7 | 194 | -51 | -50 | 467 |
| Net Cash Flow | -60 | 49 | -40 | 4 | 10 | -5 | 34 | -34 | 108 | -45 |
| Free Cash Flow | 351 | -351 | 86 | 93 | -10 | -106 | -215 | -92 | -453 | -822 |
| CFO/OP | 49974 | -1212 | 414 | -137 | 15 | 33 | -67067 | 37 | -503 | -406 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 45 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 14 |
| Inventory Days | — | 31 | 0 | 9 | 12 | 1 | 2 | 38 | 28 | 71 |
| Days Payable | — | 66 | 5 | 119 | 80 | 11 | 12 | 62 | 36 | 73 |
| Cash Conversion Cycle | 0 | 10 | -5 | -110 | -67 | -10 | -11 | -21 | -3 | 12 |
| Working Capital Days | 618 | 14 | 78 | 121 | 59 | 94 | 53 | 36 | 27 | -60 |
| ROCE % | 38 | 7 | 6 | -5 | 19 | 24 | 28 | 7 | 7 | 7 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0.55% | 0.55% | 0.61% | 0.53% | 0.69% | 0.69% | 0.64% | 0.64% | 0.63% | 0.63% | 0.57% | 0.55% |
| DIIs | 2.09% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 17% | 17.3% | 16% | 16.89% | 15.93% | 16.26% | 16.69% | 16.82% | 16.67% | 18.13% | 18.31% | 18.26% |
| Others | 5.36% | 5.41% | 6.66% | 5.85% | 6.64% | 6.31% | 5.93% | 5.8% | 5.97% | 4.5% | 4.39% | 4.46% |
| No. of Shareholders | 23650 | 25063 | 24331 | 26424 | 25282 | 25436 | 25881 | 25382 | 24550 | 24055 | 23601 | 23040 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 5 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 286.77 | Sell |
| EMA (10) | 286.69 | Sell |
| SMA (20) | 281.42 | Buy |
| EMA (20) | 281.62 | Buy |
| SMA (50) | 262.29 | Buy |
| EMA (50) | 268.1 | Buy |
| SMA (100) | 252.58 | Buy |
| EMA (100) | 259.89 | Buy |
| SMA (200) | 253.89 | Buy |
| EMA (200) | 265.94 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.34 | Neutral |
| MACD (12,26,9) | 7.49 | Sell |
| Stochastic (14,3,3) | 52 | Neutral |
| ADX (14) | 39.39 | Buy |
| Williams %R (14) | -54.28 | Neutral |
| ATR (14) | 11.66 | High Volatility |
| ROC (12) | -2.8 | Sell |
| Stoch RSI (14) | 17.06 | Buy |
| UO (7,14,28) | 49.28 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-20 | [Updates Regarding 110Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8388d22-9706-44ed-a97c-66834d78670f.pdf) |
| 2026-08-20 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb20fba2-ab6c-4966-a371-90c982bebca2.pdf) |
| 2026-08-18 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa1c0056-29ba-451e-abf8-67766eaff5fb.pdf) |
| 2026-08-10 | [Board Meeting Outcome for Outcome Of Board Meeting Dated 10.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e99ca32d-4197-4029-8d7d-749fd5788445.pdf) |
| 2026-07-31 | [Board Meeting Intimation for For Consideration And Approval Of The Un-Audited Financial Results Of The Company For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a133f1e4-ea06-42b3-9594-0bf07b09de1e.pdf) |
| 2026-07-31 | [Announcement Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=83ac3a08-18d3-43e2-bc93-bfa38f0e0cde.pdf) |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7f8b0aac-7738-4d2f-9fe8-8d427e373c66.pdf) |
| 2026-07-27 | [Notice Of 110Th AGM Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54a2893a-f00b-4aa1-98da-9a7761c3b984.pdf) |
| 2026-07-27 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e551e30-3516-4599-9a3c-1c382e433d37.pdf) |
| 2026-07-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b520ab42-98d3-439e-a2c5-bc964c585d1f.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-10 | [Unaudited Standalone And Consolidated Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84da7eaa-7003-4438-8f66-d50724bdb96a.pdf) |
| 2026-05-26 | [Financial Results For The Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26f0af64-3eae-405b-843e-6f4ccf59459a.pdf) |
| 2026-02-11 | [Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=181be978-a746-49c2-a320-cedde653ea50.pdf) |
| 2025-11-11 | [Unaudited Financial Results (Standalone And Consolidated) With Limited Review Report For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aec53da1-2758-4723-b028-19cb3e04475f.pdf) |
| 2025-08-11 | [Outcome Of Board Meeting- Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec488526-4313-462e-a6fd-c038699c92c4.pdf) |
| 2025-05-20 | [Approval Of The Audited Financial Results Of The Company For The Year Ended 31St March 2025 And Dividend For The Year 2024-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67a973c4-7772-4457-8168-cd9862921d43.pdf) |
| 2025-05-20 | [Revised Disclosure For Audited Financial Results For Year Ended 31St March 2025 And Recommendation Of Dividend For FY 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0660e00a-87dd-47d6-bb96-7ae99f90a651.pdf) |
| 2025-02-07 | [Outcome Of Board Meeting In Accordance With Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91acc789-a9c3-4f97-a56a-dac5f0974378.pdf) |
| 2024-11-09 | [Financial Results For Quarter And Half Year Ended 30Th September 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2b30c8a-332e-41a1-848e-32c0af7e7471.pdf) |
| 2024-08-12 | [Outcome Of BM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=086a0eed-380d-45b5-9522-537890c39e7a.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 24 Feb - Interim dividend Rs3.5/share (35%); record date Feb 27, 2026; TDS rules and submission deadline Feb 27, 2026. | [Communication To Members Of The Company On Tax Deduction At Source (TDS) On Interim Dividend For The FY 2025-26 24 Feb - Interim dividend Rs3.5/share (35%); record date Feb 27, 2026; TDS rules and submission deadline Feb 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aecf066f-30f9-4bec-b8a5-6a5c171fb05c.pdf) |
| 20 Feb - Record date Feb 27, 2026 for interim dividend Rs 3.5 per share (35%). | [Intimation Of Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015 20 Feb - Record date Feb 27, 2026 for interim dividend Rs 3.5 per share (35%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67276845-f808-42b9-b41b-9eae513466a2.pdf) |
| 20 Feb - Interim dividend of INR 3.5 per share; record date Feb 27, payment by Mar 6, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting In Accordance With Regulation 30 Of The SEBI (LODR) Regulations, 2015 20 Feb - Interim dividend of INR 3.5 per share; record date Feb 27, payment by Mar 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8affa4e7-7bad-462c-8325-2a41d4b7385e.pdf) |
| 11 Feb - Board meeting on Feb 20, 2026 to consider interim dividend; trading window closed Feb 16–27, 2026. | [Board Meeting Intimation for Prior Intimation Of Board Meeting For Declaration Of Interim Dividend 11 Feb - Board meeting on Feb 20, 2026 to consider interim dividend; trading window closed Feb 16–27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d0d82b5c-8942-46e2-9eaa-777a97b90a4b.pdf) |
| — | [Closure of Trading Window 26 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4fd0c51-7a58-413f-b3dd-412e6c8e94e3.pdf) |
| — | [Closure of Trading Window 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00606bf1-1e68-421a-854b-cf4cef8a5fc0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2011 from nse](https://archives.nseindia.com/annual_reports/AR_DPTL_2010_2011_05082011150000.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e551e30-3516-4599-9a3c-1c382e433d37.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b43c78dc-24d5-4ab1-acae-94f9506dc9eb.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc13d737-ff0a-4c3f-99d0-39406100dd05.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20470e2f-990d-41c5-8bff-5a910bf8d1ed.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/523736/73666523736.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/523736/68931523736.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/523736/65047523736.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/523736/5237360319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523736/5237360318.pdf) |

---

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 2026-09-13T19:35:51.790Z.