---
title: "Dharti Proteins Ltd (531171) — Share Price, Financials & Analysis"
symbol: "531171"
company: "Dharti Proteins Ltd"
canonical: "https://tapetide.com/stocks/531171"
isin: "INE248C01013"
bse_code: "531171"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T18:59:36.375Z"
---

# Dharti Proteins Ltd (531171)

Canonical page: https://tapetide.com/stocks/531171

## Company

- **BSE Code:** 531171
- **ISIN:** INE248C01013
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2010-04-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** devikaproteins.com

## About

Dharti Proteins is engaged in trading in edible oils, non edible oils, oil cakes and other agro commodities.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -300% |

## Financial Statements

### Quarterly Results

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

| Item | Dec 2014 | Mar 2015 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0.02 | 0.01 | 0 | 0.02 | 0.03 | 0.02 | 0.07 | 0 | 0.03 | 0.07 | 0.14 |
| Operating Profit | -0.01 | -0.02 | -0.01 | 0 | -0.02 | -0.03 | -0.02 | -0.07 | 0 | -0.03 | -0.07 | -0.14 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0.02 | 0.05 | 0.02 | 0 | -0.31 | -0.39 | 0 |
| Interest | 0 | 0 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | -0.02 | -0.05 | 0 | -0.02 | -0.01 | 0.03 | -0.05 | 0 | -0.34 | -0.46 | -0.14 |
| Tax % | 0 | 50 | 0 | — | 0 | 0 | 0 | 0 | — | 0 | 0 | 0 |
| Net Profit | -0.01 | -0.04 | -0.05 | 0 | -0.02 | -0.01 | 0.02 | -0.05 | 0 | -0.34 | -0.46 | -0.14 |
| EPS in Rs | -0.01 | -0.04 | -0.05 | 0 | -0.02 | -0.01 | 0.02 | -0.05 | 0 | -0.33 | -9.2 | -2.8 |

### Profit & Loss

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

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.71 | 1.06 | 0.18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 2.81 | 1.1 | 0.17 | 0.07 | 0.06 | 0.06 | 0.02 | 0.07 | 0.18 | 0.24 |
| Operating Profit | -0.1 | -0.04 | 0.01 | -0.07 | -0.06 | -0.06 | -0.02 | -0.07 | -0.18 | -0.24 |
| OPM % | -3.69 | -3.77 | 5.56 | — | — | — | — | — | — | — |
| Other Income | 0.03 | 0.08 | 0.01 | 0.03 | -0.66 | 0 | 0 | 0.07 | -0.67 | -0.7 |
| Interest | 0 | 0.07 | 0.09 | 0 | 0 | 0 | 0.17 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.07 | -0.03 | -0.07 | -0.04 | -0.72 | -0.06 | -0.19 | 0 | -0.85 | -0.94 |
| Tax % | 714.29 | 0 | 357.14 | 0 | -1.39 | 16.67 | 0 | — | 0 | — |
| Net Profit | -0.57 | -0.03 | -0.32 | -0.03 | -0.72 | -0.08 | -0.19 | -0.01 | -0.85 | -0.94 |
| EPS in Rs | -0.55 | -0.03 | -0.31 | -0.03 | -0.7 | -0.08 | -0.18 | -0.01 | -17 | -12.33 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10.28 | 10.28 | 10.28 | 10.28 | 10.28 | 10.28 | 10.28 | 10.28 | 10.28 | 0.5 |
| Reserves | -3.43 | -4 | -4.03 | -4.35 | -4.38 | -5.1 | -5.17 | -10.26 | -10.27 | -3.14 |
| Borrowings | 1.21 | 1.33 | 1.61 | 1.65 | 1.29 | 1.29 | 1.29 | 2.02 | 2.06 | 3.34 |
| Other Liabilities | 3.01 | 2.24 | 2.02 | 1.75 | 1.74 | 1.75 | 1.77 | 0.09 | 4.63 | 0.02 |
| Total Liabilities | 11.07 | 9.85 | 9.88 | 9.33 | 8.93 | 8.22 | 8.17 | 2.13 | 6.7 | 0.72 |
| Fixed Assets | 0.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.6 | 0.47 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.81 | 1.81 | 1.82 | 1.65 | 1.63 | 0.88 | 0.86 | 0 | 3.26 | 0.17 |
| Other Assets | 9.01 | 8.04 | 8.06 | 7.68 | 7.3 | 7.34 | 7.31 | 1.53 | 2.84 | 0.08 |
| Total Assets | 11.07 | 9.85 | 9.88 | 9.33 | 8.93 | 8.22 | 8.17 | 2.13 | 6.7 | 0.72 |

### Cash Flow

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.33 | — | -0.07 | -0.43 | -0.32 | -0.04 | -0.04 | -0.01 | 4.44 | -4.7 |
| Cash from Investing Activity | 0.07 | — | -0.19 | 0.51 | 0.03 | 0.12 | 0 | 0 | -3.19 | 3.12 |
| Cash from Financing Activity | -0.3 | — | 0.2 | -0.05 | 0.3 | 0 | 0 | 0 | 0.04 | 0.32 |
| Net Cash Flow | 0.1 | — | -0.06 | 0.03 | 0.01 | 0.08 | -0.04 | -0.01 | 1.3 | -1.27 |
| Free Cash Flow | 0.34 | — | -0.07 | -0.43 | -0.32 | -0.04 | -0.04 | -0.01 | 4.44 | -4.7 |
| CFO/OP | — | — | 175 | -4300 | 457 | 67 | 67 | 50 | -6343 | 2611 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 968.91 | 321.9 | 822.97 | 5211.39 | — | — | — | — | — | — |
| Inventory Days | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Days Payable | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 968.91 | 321.9 | 822.97 | 5211.39 | — | — | — | — | — | — |
| Working Capital Days | 3450.91 | 739.43 | -82.64 | 385.28 | — | — | — | — | — | — |
| ROCE % | 0.37 | -0.38 | 0.52 | 0.26 | -0.54 | -0.88 | -0.93 | — | 0 | -10.83 |

## Shareholding Pattern

### annual

| Category | Mar 2026 | Jun 2026 |
| --- | --- | --- |
| Promoters | 85% | 85% |
| Public | 15.01% | 15.01% |
| No. of Shareholders | 995 | 995 |

### Quarterly

| Category | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Promoters | 1.74% | 85% | 85% |
| DIIs | 0.03% | 0% | 0% |
| Public | 98.24% | 15.01% | 15.01% |
| No. of Shareholders | 10242 | 995 | 995 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 2 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.3 | Buy |
| EMA (10) | 3.35 | Buy |
| SMA (20) | 3.24 | Buy |
| EMA (20) | 3.5 | Sell |
| SMA (50) | 4.49 | Sell |
| EMA (50) | 4.28 | Sell |
| SMA (100) | 5.56 | Sell |
| EMA (100) | 5.2 | Sell |
| SMA (200) | 7.09 | Sell |
| EMA (200) | 6.27 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.87 | Neutral |
| MACD (12,26,9) | -0.3 | Buy |
| Stochastic (14,3,3) | 98.58 | Sell |
| ADX (14) | 40.01 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.12 | High Volatility |
| ROC (12) | 14.24 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 76.66 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Newspaper Advertisement - Addendum To Notice Of 32Nd Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a15f81f-5113-4df6-982f-3f80276fc450.pdf) |
| 2026-09-09 | [Shareholder Meeting - Addendum To Notice Of 32Nd Annual General Meeting Of The Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c366cb2c-3456-44cd-887e-b352850f6e25.pdf) |
| 2026-09-08 | [Newspaper Advertisement Of Notice Of Calling Annual General Meeting To Be Held On Monday September 28 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64b0446f-6d2a-4789-87ac-06089eddba75.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7072f5b5-2df8-4476-89ff-63e127961621.pdf) |
| 2026-09-03 | [Shareholder Meeting - AGM On Monday September 28 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2b6dca1-c564-47b0-86a5-9b326bbb57a6.pdf) |
| 2026-09-01 | [Board Meeting Outcome for Meeting Of Board Of Directors Held On Tuesday September 01 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9710e15a-1832-45eb-b4f2-d1411bfb2790.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16661df0-655c-4b79-8ce7-27320b79558b.pdf) |
| 2026-07-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=088017b7-11c3-4f48-8d1c-5db00658460b.pdf) |
| 2026-07-15 | [Board Meeting Outcome for Meeting Of Board Of Directors Held On Wednesday July 15 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7a93330-5cac-4f63-8f42-265d997b5d3f.pdf) |
| 2026-07-15 | [Results - Financial Results For March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1841e33-c72f-46d8-982e-9ca036e4b9a2.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Record date 13 Feb 2025 for capital reduction from 10,277,200 to 500,000 shares; creditor 50,000, RRA 425,000. | [Board Meeting Outcome for Meeting Of Board Held On Monday, 09Th February, 2026. 9 Feb - Record date 13 Feb 2025 for capital reduction from 10,277,200 to 500,000 shares; creditor 50,000, RRA 425,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16fb03ec-2b80-42a0-a6be-8b2673477744.pdf) |
| 9 Feb - NCLT-approved plan reduces paid-up shares to 500,000 from 10,277,200; promoters cancelled; SRA allotted 425,000 shares. | [Board Meeting Intimation for Reduction In Paid Up Share Capital Of The Company Under Regulation 29 (2) Of SEBI (LODR) Regulations 2015, Pursuant To Resolution Plan Approved By Hon'Ble NCLT Ahmedabad Bench Dated 18Th November, 2025 In The Matter Of Dharti Proteins Limited (DPL). 9 Feb - NCLT-approved plan reduces paid-up shares to 500,000 from 10,277,200; promoters cancelled; SRA allotted 425,000 shares.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1cfce3d-31c2-482b-be97-375259ed251b.pdf) |
| 9 Feb - NCLT-approved capital reduction; board meeting and record/record date moved to Feb 20, 2026. | [Update on board meeting 9 Feb - NCLT-approved capital reduction; board meeting and record/record date moved to Feb 20, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4425006-c52f-45c1-aac3-8340c76b1385.pdf) |
| 7 Apr - Certificate as required under Regulation 74(5) of SEBI (Depository Participants) Regulations, 2018 is attached herewith. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Certificate as required under Regulation 74(5) of SEBI (Depository Participants) Regulations, 2018 is attached herewith.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ac9d488-c073-4c60-8f22-f50212de4c5b.pdf) |
| 4 February 2026 - HRH Next files corrected financials for half-year ended Sep 30, 2025 with Mar 31, 2025 comparatives. | [Reply to Clarification- Financial results 4 February 2026 - HRH Next files corrected financials for half-year ended Sep 30, 2025 with Mar 31, 2025 comparatives.](https://nsearchives.nseindia.com/corporate/HRHNEXT_19012026195513_Financial_Results_30092025_Upload.pdf) |
| 25 Feb - Patel acquired 425,000 shares (85%) under NCLT resolution plan; disclosed Feb 25, 2026. | [Disclosure Under Regulation 29 (1) Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 25 Feb - Patel acquired 425,000 shares (85%) under NCLT resolution plan; disclosed Feb 25, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e82bd0ec-1d8d-46fb-9311-9cb52c21a7af.pdf) |
| 23 January 2026 - Transcript of Jan 21, 2026 investor meet: H1 revenue +11%, target ₹100 crore by Jan 3, 2027, Swiggy ~40% revenue. | [Analysts/Institutional Investor Meet/Con. Call Updates 23 January 2026 - Transcript of Jan 21, 2026 investor meet: H1 revenue +11%, target ₹100 crore by Jan 3, 2027, Swiggy ~40% revenue.](https://nsearchives.nseindia.com/corporate/HRHNEXT_23012026145531_HRH_Investor_Meet_Transcript.pdf) |
| 23 January 2026 - Regulation 74(5) certificate for quarter ended 31/12/2025: no physical securities received for dematerialisation. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 23 January 2026 - Regulation 74(5) certificate for quarter ended 31/12/2025: no physical securities received for dematerialisation.](https://nsearchives.nseindia.com/corporate/HRHNEXT_23012026124948_Intimation_under_Reg_74_5__Upload.pdf) |
| 21 January 2026 - Investor interaction 'Valueportal Event' audio uploaded; call held Jan 21, 2026; no unpublished price-sensitive information. | [Analysts/Institutional Investor Meet/Con. Call Updates 21 January 2026 - Investor interaction 'Valueportal Event' audio uploaded; call held Jan 21, 2026; no unpublished price-sensitive information.](https://nsearchives.nseindia.com/corporate/HRHNEXT_21012026222557_Outcome_Investor_Meeting_Valueportal.pdf) |
| 20 February 2026 - Signed dataset supply agreement with Aaikya AI for raw audio data; one-year term auto-renewing (20 Feb 2026). | [Agreements 20 February 2026 - Signed dataset supply agreement with Aaikya AI for raw audio data; one-year term auto-renewing (20 Feb 2026).](https://nsearchives.nseindia.com/corporate/HRHNEXT_20022026163827_Intimation_Aaikya.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/HRHNEXT_20062025155318_Covering_letter_Investor_meet_transcript.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/HRHNEXT_12122025153756_HRH_Investors_Meet_Transcript.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28840_HRHNEXT_2024_2025_A_4360599_06092025203647.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24531_HRHNEXT_2023_2024_16072024192852.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/531171/5311710315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/531171/5311710314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/531171/5311710313.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/531171/5311710311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/531171/5311710310.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 2026-09-13T18:59:36.375Z.