---
title: "Dhani Services Ltd(Merged) (DHANI_PRYSM) — Share Price, Financials & Analysis"
symbol: "DHANI_PRYSM"
company: "Dhani Services Ltd(Merged)"
canonical: "https://tapetide.com/stocks/DHANI_PRYSM"
isin: "INE274G01010"
nse_symbol: "DHANI"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:34:51.842Z"
---

# Dhani Services Ltd(Merged) (DHANI_PRYSM)

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

## Company

- **NSE Symbol:** DHANI
- **ISIN:** INE274G01010
- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** DELISTED
- **Listed Since:** 2004-09-24
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** dhani.com

## About

Dhani Services Ltd is primarily engaged in providing technology enabled subscription based healthcare and transaction finance services through its 'Dhani' App. It is also engaged in diverse business activities including Asset reconstruction, stock broking, etc.[1]

## Latest Price

- **Price:** ₹51.06
- **Change:** 0 (0%)
- **Open:** ₹56.31
- **Day High:** ₹56.31
- **Day Low:** ₹50.39
- **Previous Close:** ₹51.06
- **Volume:** 0
- **As Of:** 2025-10-27T10:28:12+00:00

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.53 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.7% over past five years.
- Promoter holding is low: 33.9%
- Company has a low return on equity of -0.66% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -403% | -75% | — |
| revenue growth | -68% | -18% | -40% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 27 | 27 | 27 | 29 | 29 | 28 | 8 | 7 | 7 | 5 | 4 | 6 |
| Expenses | 1 | 2 | 3 | 2 | 3 | 9 | 3 | 2 | 12 | 5 | 11 | 6 |
| Operating Profit | 25 | 25 | 24 | 27 | 26 | 19 | 5 | 5 | -5 | 0 | -6 | 0 |
| OPM % | 95 | 92 | 89 | 92 | 91 | 69 | 65 | 68 | -73 | -2.8 | -147 | 1.5 |
| Other Income | 1 | 1 | 1 | 0 | 0 | -22 | 2 | 0 | 0 | 0 | 0 | 0 |
| Interest | 13 | 14 | 14 | 14 | 14 | 12 | 12 | 12 | 12 | 11 | 11 | 11 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 12 | 11 | 11 | 13 | 12 | -15 | -5 | -7 | -17 | -11 | -17 | -11 |
| Tax % | 52 | 57 | 76 | 53 | 53 | 31 | 19 | 22 | 5 | -27 | -8 | 0 |
| Net Profit | 6 | 5 | 3 | 6 | 6 | -20 | -6 | -8 | -17 | -8 | -16 | -11 |
| EPS in Rs | 0.1 | 0.08 | 0.04 | 0.1 | 0.1 | -0.33 | -0.1 | -0.13 | -0.29 | -0.13 | -0.26 | -0.18 |

### Profit & Loss

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 148 | 186 | 148 | 306 | 31 | 45 | 107 | 95 | 24 | 23 |
| Expenses | 47 | 73 | 45 | 16 | 8 | 19 | 0 | 16 | 30 | 34 |
| Operating Profit | 101 | 114 | 103 | 290 | 23 | 25 | 107 | 79 | -6 | -11 |
| OPM % | 68 | 61 | 70 | 95 | 73 | 57 | 100 | 83 | -24 | -50 |
| Other Income | 3 | 13 | 61 | 4 | 5 | 2 | 2 | -22 | 1 | 1 |
| Interest | 43 | 60 | 42 | 38 | 35 | 45 | 54 | 52 | 45 | 44 |
| Depreciation | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 59 | 65 | 122 | 256 | -8 | -18 | 55 | 5 | -51 | -55 |
| Tax % | 21 | 26 | 14 | 4 | 114 | 39 | 54 | 414 | -4 | — |
| Net Profit | 47 | 49 | 105 | 246 | -17 | -25 | 25 | -14 | -49 | -52 |
| EPS in Rs | 1.24 | 0.92 | 1.74 | 5.29 | -0.32 | -0.41 | 0.42 | -0.24 | -0.81 | -0.86 |
| Dividend Payout % | 68 | 95 | 67 | 68 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 59 | 64 | 93 | 113 | 102 | 115 | 121 | 122 | 122 | 122 |
| Reserves | 143 | 222 | 1529 | 5692 | 4578 | 4930 | 5682 | 5647 | 5634 | 5687 |
| Borrowings | 590 | 606 | 982 | 536 | 373 | 413 | 525 | 578 | 491 | 447 |
| Other Liabilities | 90 | 189 | 143 | 182 | 37 | 8 | 8 | 8 | 7 | 6 |
| Total Liabilities | 883 | 1080 | 2746 | 6524 | 5091 | 5466 | 6337 | 6355 | 6254 | 6261 |
| Fixed Assets | 4 | 3 | 6 | 24 | 1 | 1 | 1 | 1 | 0 | 0 |
| CWIP | 0 | 0 | 5 | 7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 6 | 59 | 1368 | 4403 | 4780 | 4818 | 4952 | 4883 | 5776 | 5964 |
| Other Assets | 872 | 1018 | 1367 | 2090 | 310 | 648 | 1384 | 1472 | 477 | 298 |
| Total Assets | 883 | 1080 | 2746 | 6524 | 5091 | 5466 | 6337 | 6355 | 6254 | 6261 |

### Cash Flow

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

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 37 | 10 | -130 | 189 | 149 | -41 | 34 | 61 | -119 | 30 |
| Cash from Investing Activity | 47 | -11 | -1239 | -3656 | 473 | -337 | -892 | -122 | 183 | -86 |
| Cash from Financing Activity | 65 | 43 | 1620 | 3446 | -1560 | 503 | 838 | 42 | -83 | 56 |
| Net Cash Flow | 149 | 42 | 251 | -21 | -938 | 125 | -21 | -20 | -18 | 0 |
| Free Cash Flow | 38 | 9 | -138 | 167 | 136 | -41 | 34 | 61 | -119 | 30 |
| CFO/OP | 70 | 18 | -96 | 196 | 57 | -182 | 150 | 58 | -145 | -504 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 117 | 103 | 116 | 181 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 117 | 103 | 116 | 181 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -2167 | -1611 | -1726 | -348 | -99 | 267 | 154 | 77 | 107 | 6 |
| ROCE % | 9 | 12 | 7 | 3 | 5 | 1 | 0 | 2 | 1 | 0 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 38.45% | 35.89% | 36.98% | 31.91% | 29.26% | 33% | 32.89% | 30.77% | 29.14% | 33.91% |
| FIIs | 1.5% | 18.12% | 25.83% | 26.1% | 26.97% | 21.89% | 14.56% | 14.63% | 22.06% | 18.67% |
| DIIs | 0.24% | 0.14% | 0.03% | 0.05% | 1.4% | 1.4% | 1.38% | 1.47% | 1.78% | 1.54% |
| Public | 59.81% | 45.85% | 37.16% | 40.04% | 39.14% | 38.84% | 46.33% | 48.29% | 42.19% | 41.35% |
| Others | 0% | 0% | 0% | 1.9% | 3.23% | 4.87% | 4.85% | 4.85% | 4.85% | 4.51% |
| No. of Shareholders | 87814 | 79876 | 80537 | 83235 | 83134 | 192174 | 213677 | 211898 | 180194 | 176379 |

### Quarterly

| Category | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 32.89% | 32.89% | 32.89% | 31.26% | 31.26% | 30.77% | 29.14% | 29.14% | 29.14% | 29.14% | 29.14% | 33.91% |
| FIIs | 15.87% | 14.56% | 14.14% | 14.38% | 14.27% | 14.63% | 16.6% | 19.21% | 20.98% | 22.06% | 20.77% | 18.67% |
| DIIs | 1.45% | 1.38% | 1.38% | 1.43% | 1.45% | 1.47% | 1.49% | 1.52% | 1.54% | 1.78% | 1.87% | 1.54% |
| Public | 44.96% | 46.33% | 46.74% | 48.1% | 48.2% | 48.29% | 47.95% | 45.31% | 43.51% | 42.19% | 43.37% | 41.35% |
| Others | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.51% |
| No. of Shareholders | 214408 | 213677 | 222554 | 220985 | 213506 | 211898 | 194452 | 184263 | 179168 | 180194 | 178737 | 176379 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 26.81 | Buy |
| EMA (10) | 26.72 | Buy |
| SMA (20) | 26.32 | Buy |
| EMA (20) | 26.69 | Buy |
| SMA (50) | 26.52 | Buy |
| EMA (50) | 30.99 | Sell |
| SMA (100) | 44.19 | Sell |
| EMA (100) | 39.59 | Sell |
| SMA (200) | 53.12 | Sell |
| EMA (200) | 48.49 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.81 | Neutral |
| MACD (12,26,9) | -0.42 | Buy |
| Stochastic (14,3,3) | 61.31 | Neutral |
| ADX (14) | 14.74 | Neutral |
| Williams %R (14) | -26.79 | Neutral |
| ATR (14) | 1.02 | High Volatility |
| ROC (12) | 7.23 | Buy |
| Stoch RSI (14) | 82.7 | Sell |
| UO (7,14,28) | 60.86 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-10-14 | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0b9cb6ff-f040-4a6e-b3aa-194b3cdc2095.pdf) |
| 2025-10-14 | [Corporate Action-Amalgamation/ Merger / Demerger](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9128c7d-2532-4e2e-87d2-0277f5e85e9b.pdf) |
| 2025-10-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1218195-4dfa-46e7-b331-75bd29eff653.pdf) |
| 2025-10-10 | [Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations) - ESG Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a366e05-468a-42ee-a3ef-2611b2151211.pdf) |
| 2025-10-06 | [Compliance Status Of Regulation 6 (1) And 7(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended For The Quarter Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d870d93b-084e-414e-96e0-635615ae018b.pdf) |
| 2025-09-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68481f63-9918-4e10-b5a2-aee4795b6f11.pdf) |
| 2025-09-25 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=EE7414AE_F0BD_4D32_9F33_D845B6814844_103341.pdf) |
| 2025-09-25 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88CF3E96_8BFF_42DD_90FE_E3E78E91B700_104111.pdf) |
| 2025-09-24 | [30Th Annual General Meeting Of The Members Of Dhani Services Limited (The Company) Held On Tuesday September 23 2025 - Disclosures Under Regulations 44 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended [SEBI (Listin](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e25e4f97-4e81-4d4f-8e1d-3d52a356a70e.pdf) |
| 2025-09-23 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b019a8d-7648-457f-9a4c-e560c4c12512.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Oct 2025 - Confirms compliance with SEBI Regulations 6(1) and 7(1) for quarter ended September 30, 2025. | [Compliance Status Of Regulation 6 (1) And 7(1) Of SEBI (LODR) Regulations, 2015, As Amended, For The Quarter Ended September 30, 2025 6 Oct 2025 - Confirms compliance with SEBI Regulations 6(1) and 7(1) for quarter ended September 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d870d93b-084e-414e-96e0-635615ae018b.pdf) |
| 14 Oct 2025 - Scheme effective Oct 14, 2025; Record Date Oct 28; Yaari shares issued 294/100 (fully), 162/100 (partly paid 55%). | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 14 Oct 2025 - Scheme effective Oct 14, 2025; Record Date Oct 28; Yaari shares issued 294/100 (fully), 162/100 (partly paid 55%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b9cb6ff-f040-4a6e-b3aa-194b3cdc2095.pdf) |
| 10 Oct 2025 - CRISIL ESG assigned "Crisil ESG 52" to Dhani; unsolicited rating based on public data (Oct 10, 2025). | [Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations') - ESG Rating 10 Oct 2025 - CRISIL ESG assigned "Crisil ESG 52" to Dhani; unsolicited rating based on public data (Oct 10, 2025).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a366e05-468a-42ee-a3ef-2611b2151211.pdf) |
| 10 Oct 2025 - Certificates confirming dematerialization/rematerialization details furnished for quarter ended Sept 30, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Oct 2025 - Certificates confirming dematerialization/rematerialization details furnished for quarter ended Sept 30, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1218195-4dfa-46e7-b331-75bd29eff653.pdf) |
| — | [Corporate Action-Amalgamation/ Merger / Demerger 14 Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a9128c7d-2532-4e2e-87d2-0277f5e85e9b.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_2178_IBSEC_2012_2013_01102013154531.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ac59348-340c-4cbd-8599-872d827128e0.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0cefb46-08d1-48a7-8a04-87f40e8b1458.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7df53c32-4ff8-4c38-9596-2dbee85bd7fb.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532960/76375532960.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532960/70272532960.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532960/65721532960.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532960/5329600319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532960/5329600318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532960/5329600317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=78cd0578-ba9e-465b-9e47-e1e7c9ab2573.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/78cd0578-ba9e-465b-9e47-e1e7c9ab2573.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9da39dd8-0793-43b8-98a0-4fcee72df287.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9da39dd8-0793-43b8-98a0-4fcee72df287.pdf) |
| Dec 2020 | [Concall - Dec 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b62d9406-6287-4010-a3e0-192ea87dbf4d.pdf) |
| Dec 2020 | [Concall - Dec 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b62d9406-6287-4010-a3e0-192ea87dbf4d.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 2026-09-13T18:34:51.842Z.