Dhara Rail Projects Ltd.

•

drppl.com/BSE: -NSE: DHARARAIL

Market Cap₹ 214 Cr.

Current Price

High / Low₹ 172 / 90

Stock P/E13.9

Book Value₹ 18

Price to Book8.31

Dividend Yield0.00 %

ROCE25.3 %

ROE66.5 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 52.2%
Company comfortably covers its interest (42.6x coverage)
Company generates healthy free cash flow

CONS

Company has a high debt-to-equity of 1.61x
Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
A large part of profit comes from other income (41.7% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.49x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesBusiness ServicesBusiness Support

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PFOCUS	316.65	213.36	24659.87	0.00	-457.78	-514.43	12668.15	1196.88	2.74	23.76
2.	SAGILITY	45.05	21.24	21089.38	0.33	216.81	45.94	1963.48	27.59	13.82	22.32
3.	HORIZONIND	55.65	244.03	16043.35	0.00	—	—	—	—	3.32	—
4.	SYNGENE	386.45	70.59	15599.79	0.32	-9.00	-110.38	736.00	-15.84	9.48	12.34
5.	INDGN	586.50	35.25	14132.70	0.38	116.20	-0.17	1063.10	39.73	18.92	16.39
6.	IGIL	311.35	22.07	13455.29	1.61	1657.36	1209.83	3707.76	1132.17	77.00	60.35
7.	NESCO	1098.55	18.58	7740.38	0.64	99.96	3.97	211.80	9.55	19.23	48.33
8.	SPARC	200.70	4.11	6513.15	0.00	-20.78	59.94	39.92	314.11	163.94	-85.17
9.	LEAPIND	145.40	102.75	6405.40	0.00	247.33	—	2034.13	—	9.32	51.19
10.	SMARTWORKS	547.00	224.47	6256.64	0.00	131.48	3232.71	5462.48	1340.49	61.12	63.33
11.	JUSTDIAL	675.30	15.82	5743.36	0.00	115.74	38.44	270.27	16.23	12.88	26.17
12.	DHARARAIL	142.00	13.87	214.19	0.00	—	—	—	—	25.48	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025
	26	31	44
	25	30	39
Operating Profit	1	1	5
OPM %	3.19%	3.92%	11.52%
	1	3	3
Interest	0	0	0
Depreciation	0	0	0
Profit before Tax	2	4	8
Tax %	27.51%	24.81%	23.49%
Net Profit	1	3	6
EPS	116.88	280.42	629.30
Dividend Payout %	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 52%
Last Year:: 66%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025
	3	6	13
	23	27	20
Trade Payables	6	10	7
	2	2	4
Total Liabilities	34	46	44
	14	14	0
	1	9	2
	0	6	20
Cash & Bank	6	1	5
	13	16	16
Total Assets	34	46	44

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025
	1	-0	-5
Cash from Investing	-0	-6	17
Cash from Financing	0	5	-7
	0	-2	4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2026
	74.56
	1.13
	7.88
Government	0.00
Public	16.43

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for DHARARAIL

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Dhara Rail Projects Ltd.

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Name

PFOCUS

316.65

213.36

24659.87

0.00

-457.78

-514.43

12668.15

1196.88

2.74

23.76

SAGILITY

45.05

21.24

21089.38

0.33

216.81

45.94

1963.48

27.59

13.82

22.32

HORIZONIND

55.65

244.03

16043.35

0.00

—

3.32

—

SYNGENE

386.45

70.59

15599.79

0.32

-9.00

-110.38

736.00

-15.84

9.48

12.34

INDGN

586.50

35.25

14132.70

0.38

116.20

-0.17

1063.10

39.73

18.92

16.39

IGIL

311.35

22.07

13455.29

1.61

1657.36

1209.83

3707.76

1132.17

77.00

60.35

NESCO

1098.55

18.58

7740.38

0.64

99.96

3.97

211.80

9.55

19.23

48.33

SPARC

200.70

4.11

6513.15

0.00

-20.78

59.94

39.92

314.11

163.94

-85.17

LEAPIND

145.40

102.75

6405.40

0.00

247.33

—

2034.13

—

9.32

51.19

SMARTWORKS

547.00

224.47

6256.64

0.00

131.48

3232.71

5462.48

1340.49

61.12

63.33

JUSTDIAL

675.30

15.82

5743.36

0.00

115.74

38.44

270.27

16.23

12.88

26.17

DHARARAIL

142.00

13.87

214.19

0.00

—

25.48

—

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

3.19%

3.92%

11.52%

Interest

Depreciation

Profit before Tax

Tax %

27.51%

24.81%

23.49%

Net Profit

EPS

116.88

280.42

629.30

Dividend Payout %

0.00%

Mar 2023

Mar 2024

Mar 2025

Trade Payables

Total Liabilities

Cash & Bank

Total Assets

Mar 2023

Mar 2024

Mar 2025

-0

-5

Cash from Investing

-0

-6

Cash from Financing

-7

-2

Mar 2023

Mar 2024

Mar 2025

Mar 2026

74.56

1.13

7.88

Government

0.00

Public

16.43

Dhara Rail Projects Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Dhara Rail Projects Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI