Dhara Rail Projects Ltd.
•₹ 147.51.06%
2026-08-21
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 53.4%
- Company comfortably covers its interest (44.2x coverage)
CONS
- Company has a high debt-to-equity of 1.66x
- 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 (41.1% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.81x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | PFOCUS | 279.00 | 187.99 | 21727.79 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| 2. | SAGILITY | 42.46 | 20.02 | 19876.92 | 0.35 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| 3. | SYNGENE | 397.10 | 72.53 | 16029.70 | 0.31 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| 4. | IGIL | 338.55 | 24.00 | 14630.77 | 1.48 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| 5. | INDGN | 564.25 | 33.91 | 13592.86 | 0.40 | 1162.00 | 898.28 | 10631.00 | 1297.34 | 18.92 | 16.39 |
| 6. | NESCO | 1032.45 | 17.63 | 7274.64 | 0.68 | 93.05 | 5.00 | 251.62 | 31.05 | 19.23 | 46.86 |
| 7. | LEAPIND | 160.55 | 113.45 | 7072.81 | 0.00 | — | — | — | — | 9.32 | — |
| 8. | SPARC | 193.15 | 3.96 | 6268.13 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| 9. | SMARTWORKS | 500.70 | 205.47 | 5727.06 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 52.26 | 63.33 |
| 10. | LATENTVIEW | 276.50 | 29.28 | 5721.48 | 0.00 | 47.10 | -6.84 | 286.88 | 21.55 | 16.69 | 19.76 |
| 11. | JUSTDIAL | 659.80 | 15.46 | 5611.54 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| 12. | DHARARAIL | 139.00 | 13.58 | 209.67 | 0.00 | — | — | — | — | 25.48 | — |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
No quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 27 | 31 | 44 | |
| 26 | 30 | 39 | |
| Operating Profit | 2 | 4 | 9 |
| OPM % | 6 | 13 | 20 |
| Other Income | 1 | 3 | 4 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 |
| 1 | 4 | 9 | |
| Tax % | 28 | 25 | 24 |
| Net Profit | 1 | 3 | 7 |
| EPS | 1 | 297 | 653 |
| Dividend Payout % | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 1 | 3 | 6 |
| Minority Interest | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 |
| Adjusted EPS | 1 | 3 | 6 |
Mar 2023
- 27
- 26
- Operating Profit
- 2
- OPM %
- 6
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 28
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 31
- 30
- Operating Profit
- 4
- OPM %
- 13
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 25
- Net Profit
- 3
- EPS
- 297
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 44
- 39
- Operating Profit
- 9
- OPM %
- 20
- Other Income
- 4
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 24
- Net Profit
- 7
- EPS
- 653
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
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:
- 53%
- Last Year:
- 68%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| LIABILITIES | - | - | - |
| 3 | 6 | 13 | |
| 23 | 28 | 21 | |
| Trade Payables | 6 | 10 | 8 |
| 1 | 2 | 4 | |
| Total Liabilities | 34 | 47 | 46 |
| ASSETS | - | - | - |
| 14 | 14 | 0 | |
| 1 | 9 | 2 | |
| 0 | 6 | 21 | |
| Cash & Bank | 3 | 1 | 5 |
| 16 | 17 | 17 | |
| Total Assets | 34 | 47 | 46 |
| Total Debt | 23 | 28 | 21 |
| Net Working Capital | -11 | -20 | -1 |
| Contingent Liabilities | 0 | 0 | 0 |
| Book Value per Share | 338.99 | 635.77 | 1288.56 |
| Face Value | 10.00 | 10.00 | 10.00 |
| Total Debt | 23 | 28 | 21 |
| Net Working Capital | -11 | -20 | -1 |
| Contingent Liabilities | 0 | 0 | 0 |
| Book Value per Share | 338.99 | 635.77 | 1288.56 |
| Face Value | 10.00 | 10.00 | 10.00 |
Mar 2023
- 3
- 23
- Trade Payables
- 6
- 1
- Total Liabilities
- 34
- 14
- 1
- 0
- Cash & Bank
- 3
- 16
- Total Assets
- 34
- Total Debt
- 23
- Net Working Capital
- -11
- Contingent Liabilities
- 0
- Book Value per Share
- 338.99
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- -11
- Contingent Liabilities
- 0
- Book Value per Share
- 338.99
- Face Value
- 10.00
Mar 2024
- 6
- 28
- Trade Payables
- 10
- 2
- Total Liabilities
- 47
- 14
- 9
- 6
- Cash & Bank
- 1
- 17
- Total Assets
- 47
- Total Debt
- 28
- Net Working Capital
- -20
- Contingent Liabilities
- 0
- Book Value per Share
- 635.77
- Face Value
- 10.00
- Total Debt
- 28
- Net Working Capital
- -20
- Contingent Liabilities
- 0
- Book Value per Share
- 635.77
- Face Value
- 10.00
Mar 2025
- 13
- 21
- Trade Payables
- 8
- 4
- Total Liabilities
- 46
- 0
- 2
- 21
- Cash & Bank
- 5
- 17
- Total Assets
- 46
- Total Debt
- 21
- Net Working Capital
- -1
- Contingent Liabilities
- 0
- Book Value per Share
- 1288.56
- Face Value
- 10.00
- Total Debt
- 21
- Net Working Capital
- -1
- Contingent Liabilities
- 0
- Book Value per Share
- 1288.56
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -2 | -2 | -5 | |
| Cash from Investing | -2 | -6 | 17 |
| Cash from Financing | 6 | 5 | -7 |
| 3 | -2 | 5 | |
| Free Cash Flow | -2 | -2 | -5 |
| OCF / Net Profit | -1.47 | -0.69 | -0.76 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
| OCF / Net Profit | -1.47 | -0.69 | -0.76 |
| Cumulative 5-Year FCF | 0 | 0 | 0 |
Mar 2023
- -2
- Cash from Investing
- -2
- Cash from Financing
- 6
- 3
- Free Cash Flow
- -2
- OCF / Net Profit
- -1.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.47
- Cumulative 5-Year FCF
- 0
Mar 2024
- -2
- Cash from Investing
- -6
- Cash from Financing
- 5
- -2
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.69
- Cumulative 5-Year FCF
- 0
Mar 2025
- -5
- Cash from Investing
- 17
- Cash from Financing
- -7
- 5
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.76
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| PER SHARE | - | - | - |
| EPS (₹) | 106.42 | 296.78 | 652.78 |
| Book Value (₹) | 338.99 | 635.77 | 1288.56 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 1.00 | 2.71 | 5.92 |
| PROFITABILITY | - | - | - |
| Operating Margin % | 5.78% | 4.23% | 11.88% |
| Net Margin % | 4.00% | 9.43% | 14.67% |
| ROE % | 31.39% | 60.89% | 67.84% |
| ROCE % | 5.71% | 13.36% | 25.48% |
| 3.14% | 7.32% | 13.99% | |
| EFFICIENCY | - | - | - |
| Debtor Days | 65 | 62 | 110 |
| Inventory Days | 14 | 59 | 46 |
| Payable Days | 153 | 188 | 159 |
| -74 | -68 | -3 | |
| FINANCIAL HEALTH | - | - | - |
| Debt to Equity (x) | 6.71x | 4.43x | 1.66x |
| Interest Coverage (x) | 91.01x | 49.89x | 44.20x |
| 0.65x | 0.51x | 0.98x | |
| GROWTH | - | - | - |
| Revenue Growth % | 0.00% | 18.30% | 41.36% |
| Operating Profit Growth % | 0.00% | 166.05% | 115.12% |
| Net Profit Growth % | 0.00% | 178.88% | 119.95% |
| 0.00% | 178.88% | 119.95% | |
| VALUATION | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% |
| 0.00x | 6.74x | 1.84x |
Mar 2023
- EPS (₹)
- 106.42
- Book Value (₹)
- 338.99
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.00
- Operating Margin %
- 5.78%
- Net Margin %
- 4.00%
- ROE %
- 31.39%
- ROCE %
- 5.71%
- 3.14%
- Debtor Days
- 65
- Inventory Days
- 14
- Payable Days
- 153
- -74
- Debt to Equity (x)
- 6.71x
- Interest Coverage (x)
- 91.01x
- 0.65x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 296.78
- Book Value (₹)
- 635.77
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.71
- Operating Margin %
- 4.23%
- Net Margin %
- 9.43%
- ROE %
- 60.89%
- ROCE %
- 13.36%
- 7.32%
- Debtor Days
- 62
- Inventory Days
- 59
- Payable Days
- 188
- -68
- Debt to Equity (x)
- 4.43x
- Interest Coverage (x)
- 49.89x
- 0.51x
- Revenue Growth %
- 18.30%
- Operating Profit Growth %
- 166.05%
- Net Profit Growth %
- 178.88%
- 178.88%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 6.74x
Mar 2025
- EPS (₹)
- 652.78
- Book Value (₹)
- 1288.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.92
- Operating Margin %
- 11.88%
- Net Margin %
- 14.67%
- ROE %
- 67.84%
- ROCE %
- 25.48%
- 13.99%
- Debtor Days
- 110
- Inventory Days
- 46
- Payable Days
- 159
- -3
- Debt to Equity (x)
- 1.66x
- Interest Coverage (x)
- 44.20x
- 0.98x
- Revenue Growth %
- 41.36%
- Operating Profit Growth %
- 115.12%
- Net Profit Growth %
- 119.95%
- 119.95%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 1.84x
Documents
Announcements
Nothing filed yet.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Jun 2026