DRS Dilip Roadlines Ltd.

•

₹ 1080%

2026-08-21

drsindia.inBSE: -NSE: DRSDILIP

Market Cap₹ 163 Cr.

Current Price₹ 108

High / Low₹ 120 / 52

Stock P/E38.8

Book Value₹ 37

Price to Book2.90

Dividend Yield0.00 %

ROCE10.2 %

ROE7.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2023 • Transport Division: 95.6% • Warehouse Division: 4.4%

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 5.00x)
Working capital cycle has improved - days down from -7 to -17
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Company converts assets efficiently - asset turnover of 1.9x

CONS

Company has a low return on equity of 6.4% over last 3 years
Company has a low return on capital employed of 9.4%

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

Peer comparison

EDIT COLUMNS

ServicesLogisticsLogistics

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

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.	CONCOR	514.00	31.52	39147.16	1.67	268.90	0.61	2159.76	0.28	14.79	20.41
2.	DELHIVERY	448.00	358.82	33562.68	0.00	31.91	-64.96	2930.73	27.76	3.02	4.75
3.	SHADOWFAX	265.20	139.25	15555.60	0.00	654.00	6732.86	13581.20	1806.32	4.90	6.76
4.	BLACKBUCK	613.80	66.23	11180.37	0.00	42.17	25.14	204.17	42.17	-31.80	24.35
5.	TCI	914.10	15.38	7023.13	1.09	106.60	-0.56	1248.50	9.58	20.52	12.30
6.	TVSSCS	120.95	82.41	5336.60	0.00	22.48	-96.84	3335.22	28.66	11.51	6.75
7.	VRLLOG	231.45	0.00	4048.92	0.00	805.30	1509.31	8788.40	1080.70	26.47	21.23
8.	MAHLOG	406.00	104.69	4028.43	0.62	27.83	394.81	2002.88	23.29	10.40	5.76
9.	SINDHUTRAD	24.29	48.39	3745.35	0.00	38.74	-79.39	129.21	-21.85	12.80	45.34
10.	GATEWAY	54.17	11.08	2706.57	6.00	512.68	724.44	5492.97	897.94	17.99	21.31
11.	TCIEXP	547.00	25.50	2102.90	1.28	20.49	5.24	313.40	9.29	13.92	10.03
12.	DRSDILIP	108.00	38.82	162.67	0.00	—	—	—	—	24.26	—

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 2017	Mar 2022	Mar 2023
	142	191	206
	131	182	195
Operating Profit	11	11	12
OPM %	8	6	6
Other Income	0	2	1
Interest	3	1	2
Depreciation	8	4	5
	0	7	6
Tax %	315	30	28
Net Profit	-0	5	4
EPS	0	3	3
Dividend Payout %	0	0	0
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	-0	3	3
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	-0	3	3

Mar 2017

: 142
: 131
Operating Profit: 11
OPM %: 8
Other Income: 0
Interest: 3
Depreciation: 8
: 0
Tax %: 315
Net Profit: -0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2022

: 191
: 182
Operating Profit: 11
OPM %: 6
Other Income: 2
Interest: 1
Depreciation: 4
: 7
Tax %: 30
Net Profit: 5
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2023

: 206
: 195
Operating Profit: 12
OPM %: 6
Other Income: 1
Interest: 2
Depreciation: 5
: 6
Tax %: 28
Net Profit: 4
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

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:: 9%
3 Years:: -11%
1 Year:: 10%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 6%
Last Year:: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2022	Mar 2023
LIABILITIES	-	-	-
Equity Capital	7	15	15
	6	37	41
	15	7	7
Trade Payables	10	21	31
	55	18	21
Total Liabilities	94	98	115
ASSETS	-	-	-
	55	55	60
	0	1	3
	0	0	0
Cash & Bank	1	9	5
	38	32	47
Total Assets	94	98	115
Total Debt	47	18	18
Net Working Capital	-25	-4	-9
Contingent Liabilities	0	0	0
Book Value per Share	18.95	34.25	37.18
Face Value	10.00	10.00	10.00
Total Debt	47	18	18
Net Working Capital	-25	-4	-9
Contingent Liabilities	0	0	0
Book Value per Share	18.95	34.25	37.18
Face Value	10.00	10.00	10.00

Mar 2017

Equity Capital: 7
: 6
: 15
Trade Payables: 10
: 55
Total Liabilities: 94
: 55
: 0
: 0
Cash & Bank: 1
: 38
Total Assets: 94
Total Debt: 47
Net Working Capital: -25
Contingent Liabilities: 0
Book Value per Share: 18.95
Face Value: 10.00
Total Debt: 47
Net Working Capital: -25
Contingent Liabilities: 0
Book Value per Share: 18.95
Face Value: 10.00

Mar 2022

Equity Capital: 15
: 37
: 7
Trade Payables: 21
: 18
Total Liabilities: 98
: 55
: 1
: 0
Cash & Bank: 9
: 32
Total Assets: 98
Total Debt: 18
Net Working Capital: -4
Contingent Liabilities: 0
Book Value per Share: 34.25
Face Value: 10.00
Total Debt: 18
Net Working Capital: -4
Contingent Liabilities: 0
Book Value per Share: 34.25
Face Value: 10.00

Mar 2023

Equity Capital: 15
: 41
: 7
Trade Payables: 31
: 21
Total Liabilities: 115
: 60
: 3
: 0
Cash & Bank: 5
: 47
Total Assets: 115
Total Debt: 18
Net Working Capital: -9
Contingent Liabilities: 0
Book Value per Share: 37.18
Face Value: 10.00
Total Debt: 18
Net Working Capital: -9
Contingent Liabilities: 0
Book Value per Share: 37.18
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2022	Mar 2023
	20	9	13
Cash from Investing	-15	-3	-15
Cash from Financing	-6	-2	-1
	-1	4	-3
Free Cash Flow	20	9	4
OCF / Net Profit	-54.00	2.03	3.00
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	-54.00	2.03	3.00
Cumulative 5-Year FCF	0	0	0

Mar 2017

: 20
Cash from Investing: -15
Cash from Financing: -6
: -1
Free Cash Flow: 20
OCF / Net Profit: -54.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: -54.00
Cumulative 5-Year FCF: 0

Mar 2022

: 9
Cash from Investing: -3
Cash from Financing: -2
: 4
Free Cash Flow: 9
OCF / Net Profit: 2.03
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.03
Cumulative 5-Year FCF: 0

Mar 2023

: 13
Cash from Investing: -15
Cash from Financing: -1
: -3
Free Cash Flow: 4
OCF / Net Profit: 3.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.00
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2022	Mar 2023
PER SHARE	-	-	-
EPS (₹)	-0.54	3.08	2.78
Book Value (₹)	18.95	34.25	37.18
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	6.64	5.46	5.88
PROFITABILITY	-	-	-
Operating Margin %	7.80%	6.02%	5.82%
Net Margin %	-0.26%	2.43%	2.04%
ROE %	-2.82%	14.28%	7.79%
ROCE %	5.79%	12.20%	10.16%
	-0.40%	4.83%	3.94%
EFFICIENCY	-	-	-
Debtor Days	50	29	23
Inventory Days	0	0	1
Payable Days	0	0	0
	50	29	23
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	3.51x	0.35x	0.33x
Interest Coverage (x)	1.05x	6.18x	4.80x
	0.52x	0.89x	0.80x
GROWTH	-	-	-
Revenue Growth %	0.00%	34.76%	7.69%
Operating Profit Growth %	0.00%	3.91%	4.25%
Net Profit Growth %	0.00%	1334.87%	-9.53%
	0.00%	0.00%	0.00%
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	0.00x	0.00x

Mar 2017

EPS (₹): -0.54
Book Value (₹): 18.95
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.64
Operating Margin %: 7.80%
Net Margin %: -0.26%
ROE %: -2.82%
ROCE %: 5.79%
: -0.40%
Debtor Days: 50
Inventory Days: 0
Payable Days: 0
: 50
Debt to Equity (x): 3.51x
Interest Coverage (x): 1.05x
: 0.52x
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 2022

EPS (₹): 3.08
Book Value (₹): 34.25
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.46
Operating Margin %: 6.02%
Net Margin %: 2.43%
ROE %: 14.28%
ROCE %: 12.20%
: 4.83%
Debtor Days: 29
Inventory Days: 0
Payable Days: 0
: 29
Debt to Equity (x): 0.35x
Interest Coverage (x): 6.18x
: 0.89x
Revenue Growth %: 34.76%
Operating Profit Growth %: 3.91%
Net Profit Growth %: 1334.87%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 2.78
Book Value (₹): 37.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.88
Operating Margin %: 5.82%
Net Margin %: 2.04%
ROE %: 7.79%
ROCE %: 10.16%
: 3.94%
Debtor Days: 23
Inventory Days: 1
Payable Days: 0
: 23
Debt to Equity (x): 0.33x
Interest Coverage (x): 4.80x
: 0.80x
Revenue Growth %: 7.69%
Operating Profit Growth %: 4.25%
Net Profit Growth %: -9.53%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	72.12	72.12	72.12	72.12	73.35	73.35	73.35	74.95
FIIs	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
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.88	27.89	27.88	27.88	26.65	26.65	26.65	25.05

Sep 2022

: 72.12
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.88

Mar 2023

: 72.12
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.89

Sep 2023

: 72.12
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.88

Mar 2024

: 72.12
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 27.88

Sep 2024

: 73.35
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.65

Mar 2025

: 73.35
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.65

Sep 2025

: 73.35
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 26.65

Mar 2026

: 74.95
FIIs: 0.00
DIIs: 0.00
Government: 0.00
: 25.05

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

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Concalls

Nothing filed yet.