Dhatre Udyog Ltd.

•

dhatre.comBSE: -NSE: DHATRE

Market Cap₹ 48 Cr.

Current Price

High / Low₹ 5 / 4

Stock P/E—

Book Value₹ 6

Price to Book1.16

Dividend Yield0.00 %

ROCE3.6 %

ROE2.5 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

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PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.96x)
Company converts assets efficiently - asset turnover of 2.0x

CONS

Company is loss-making at the operating / net level
Recent results are weak - TTM profit is down 260.1% versus prior year
Operating cash flow has been negative in recent years
Promoter holding has decreased over last 2 years: -11.5pp
Company's sales have been declining over the last five years

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

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

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

S.No.	Name
1.	JSWSTEEL	1267.50	12.51	309961.29	0.56	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	182.85	20.69	228259.99	2.19	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	179.00	17.31	73936.40	1.31	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2676.25	30.57	70596.97	0.19	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	755.20	19.16	62260.17	0.53	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2153.00	48.64	59779.85	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1074.35	26.70	29988.53	0.42	350.73	20.66	5455.09	23.45	13.88	14.03
8.	JINDALSAW	311.85	30.52	19943.06	0.64	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.15	45.47	19682.88	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	524.75	16.37	18491.21	0.38	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	244.50	20.41	16460.69	0.41	222.37	2.75	1750.47	32.29	20.20	19.36
12.	DHATRE	4.36	0.00	47.50	0.00	0.08	—	0.00	-100.00	3.56	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	45	40	39	54	74	53	34	39	18	9	0	0	0
	44	38	40	53	72	52	33	39	17	9	2	1	1
Operating Profit	1	2	-1	2	2	1	0	1	0	-0	-2	-1	-1
OPM %	3.10%	5.08%	-2.93%	3.04%	2.68%	2.00%	1.19%	1.80%	2.65%	-1.44%	-1690.00%	—	—
	3	1	4	4	3	0	0	0	0	0	1	1	1
Interest	-0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	4	3	3	5	5	1	0	1	1	0	-1	-1	-0
Tax %	27.83%	27.90%	31.18%	27.89%	27.20%	24.47%	13.79%	31.58%	41.67%	15.38%	-52.73%	55.41%	116.67%
Net Profit	0	0	0	0	0	1	0	0	0	0	-2	-0	0
	2.68	1.83	1.76	3.32	0.33	0.06	0.02	0.04	0.03	0.01	-0.15	-0.03	0.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	503	774	777	752	359	78	12	107	208	144	9
	490	756	758	735	386	135	11	100	203	142	14
Operating Profit	13	18	19	17	-27	-57	1	7	5	3	-4
OPM %	2.57%	2.36%	2.45%	2.26%	-7.61%	-73.31%	6.99%	6.57%	2.20%	1.84%	-48.08%
	1	1	2	3	4	5	102	3	12	0	2
Interest	12	16	17	16	23	27	0	0	0	0	0
Depreciation	1	1	1	1	2	1	1	1	1	1	0
Profit before Tax	2	3	3	3	-48	-80	102	9	16	2	-2
Tax %	33.19%	33.78%	39.70%	36.10%	34.83%	33.75%	34.82%	27.84%	28.22%	29.19%	16.89%
Net Profit	1	2	2	2	-31	-53	67	7	11	2	-2
EPS	0.00	0.00	0.00	0.00	0.00	-48.62	61.22	6.13	0.82	-0.46	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -13%
5 Years:: -17%
3 Years:: 132%

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:: -6%
5 Years:: 7%
3 Years:: 11%
Last Year:: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7	11	11	11	11	11	1	11	11	11
	19	28	30	32	-0	-53	39	50	60	54
	85	107	117	123	239	203	3	1	0	0
Trade Payables	53	95	90	119	4	2	0	0	5	0
	9	5	8	12	-10	-20	4	-4	1	0
Total Liabilities	173	245	255	297	243	143	46	59	76	66
	11	12	17	19	22	15	9	9	9	5
Capital Work in Progress	0	0	1	2	0	0	0	0	0	0
	3	3	4	4	2	0	0	0	18	10
	38	57	20	18	13	2	2	7	5	1
	0	0	0	0	0	0	0	0	36	28
Cash & Bank	14	20	18	26	19	0	0	1	1	1
	107	153	197	228	187	127	35	42	6	21
Total Assets	173	245	255	297	243	143	46	59	76	66

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	7	-10	8	20	-103	32	0	-2	22	-1
Cash from Investing	2	-4	-4	-11	9	31	-0	-0	-20	0
Cash from Financing	-7	17	-5	-8	93	-63	1	3	-1	0
	1	3	-1	-0	-2	-0	0	0	1	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.42	64.64	64.32	64.23	62.28	61.92	61.92	61.92	61.92
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	26.58	35.36	35.68	35.77	37.72	38.08	38.08	38.08	38.08

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for DHATRE

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AI Stock Analyst

Dhatre Udyog Ltd.

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Name

JSWSTEEL

1267.50

12.51

309961.29

0.56

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

182.85

20.69

228259.99

2.19

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

179.00

17.31

73936.40

1.31

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2676.25

30.57

70596.97

0.19

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

755.20

19.16

62260.17

0.53

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2153.00

48.64

59779.85

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1074.35

26.70

29988.53

0.42

350.73

20.66

5455.09

23.45

13.88

14.03

JINDALSAW

311.85

30.52

19943.06

0.64

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.15

45.47

19682.88

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

524.75

16.37

18491.21

0.38

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

244.50

20.41

16460.69

0.41

222.37

2.75

1750.47

32.29

20.20

19.36

DHATRE

4.36

0.00

47.50

0.00

0.08

—

0.00

-100.00

3.56

—

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Operating Profit

-1

-0

-2

-1

OPM %

3.10%

5.08%

-2.93%

3.04%

2.68%

2.00%

1.19%

1.80%

2.65%

-1.44%

-1690.00%

—

Interest

-0

Depreciation

Profit before Tax

-1

-0

Tax %

27.83%

27.90%

31.18%

27.89%

27.20%

24.47%

13.79%

31.58%

41.67%

15.38%

-52.73%

55.41%

116.67%

Net Profit

-2

-0

2.68

1.83

1.76

3.32

0.33

0.06

0.02

0.04

0.03

0.01

-0.15

-0.03

0.01

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

503

774

777

752

359

107

208

144

490

756

758

735

386

135

100

203

142

Operating Profit

-27

-57

-4

OPM %

2.57%

2.36%

2.45%

2.26%

-7.61%

-73.31%

6.99%

6.57%

2.20%

1.84%

-48.08%

102

Interest

Depreciation

Profit before Tax

-48

-80

102

-2

Tax %

33.19%

33.78%

39.70%

36.10%

34.83%

33.75%

34.82%

27.84%

28.22%

29.19%

16.89%

Net Profit

-31

-53

-2

EPS

0.00

-48.62

61.22

6.13

0.82

-0.46

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

-0

-53

107

117

123

239

203

Trade Payables

119

-10

-20

-4

Total Liabilities

173

245

255

297

243

143

Capital Work in Progress

Cash & Bank

107

153

197

228

187

127

Total Assets

173

245

255

297

243

143

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-10

-103

-2

-1

Cash from Investing

-4

-11

-0

-20

Cash from Financing

-7

-5

-8

-63

-1

-0

-2

-0

-1

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.42

64.64

64.32

64.23

62.28

61.92

FIIs

0.00

DIIs

0.00

Government

0.00

Public

26.58

35.36

35.68

35.77

37.72

38.08

Dhatre Udyog 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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Dhatre Udyog 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