Dhara Rail Projects
Key Fundamentals
SMECommercial ServicesServicesPrice-based figures as of · TTM
- ROCE
- 35.50%
- Debt to Equity
- 0.18
- EPS (TTM)
- —
- Book Value
- ₹48.82
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 2.62
- ROE
- 35.70%
- Dividend Yield
- 0.00%
- EBITDA
- ₹21.50 Cr
- 52W High
- ₹172.50
- 52W Low
- ₹90.05
- Volume
- 0
Peer Comparison
Services › Commercial Services › Diversified Services › Diversified Commercial Services
| ₹402.00 | 28.49 | ₹17,550 Cr | 9.92 | 0.63% | 55.80% | 69.20% | ₹1,363 Cr | ₹611 Cr | |
| ₹680.50 | 111.74 | ₹9,206 Cr | 27.76 | 0.00% | 27.90% | 12.60% | ₹2,578 Cr | ₹82 Cr | |
| ₹1,040.40 | 17.60 | ₹7,372 Cr | 2.33 | 0.68% | 14.80% | 18.50% | ₹951 Cr | ₹417 Cr | |
| ₹31.28 | 16.82 | ₹7,118 Cr | 2.05 | 0.00% | 23.10% | 16.20% | ₹1,101 Cr | ₹488 Cr | |
| ₹633.50 | 15.99 | ₹5,724 Cr | 12.18 | 4.72% | 83.80% | 30.80% | ₹674 Cr | ₹357 Cr | |
| ₹116.45 | 22.39 | ₹5,030 Cr | 3.40 | 0.00% | 9.82% | 9.21% | ₹821 Cr | ₹75 Cr | |
| Dhara Rail Projects (this company) | ₹128.00 | — | ₹184 Cr | 2.62 | 0.00% | 35.70% | 35.50% | — | — |
| Median 7 companies | ₹402.00 | 20.00 | ₹7,118 Cr | 3.40 | 0.00% | 27.90% | 18.50% | ₹1,026 Cr | ₹387 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Key Insights
Strengths
3- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.9%
- Promoter holding has increased by 2.20% over last quarter.
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 175 days.
- Working capital days have increased from -44.3 days to 159 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 7 | 2 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 8 | 2 | 0 |
Oscillators
Neutral
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 42.71
- Neutral
- MACD (12,26,9)
- −4.22
- Bearish
- SMA (50)
- 139.68
- Bearish
- SMA (200)
- —
- Neutral
As of
Growth Rate
From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 3Y | +28.28% |
|---|---|
| 1Y | +29.55% |
Net profit
| 3Y | +146.62% |
|---|---|
| 1Y | +150.00% |
Operating cash flow
| 3Y | Outflow widened by ₹5 Cr |
|---|---|
| 1Y | Outflow widened by ₹2 Cr |
Operating margin· change in pp
| 3Y | +31.39 pp |
|---|---|
| 1Y | +23.73 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2023 | ₹27.00 Cr |
|---|---|
| Mar 2024 | ₹31.00 Cr |
| Mar 2025 | ₹44.00 Cr |
| Mar 2026 | ₹57.00 Cr |
Net profit by year
| Mar 2023 | ₹1.00 Cr |
|---|---|
| Mar 2024 | ₹3.00 Cr |
| Mar 2025 | ₹6.00 Cr |
| Mar 2026 | ₹15.00 Cr |
Half-yearly Results
₹ Cr| Particulars | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 27 | 28 | 28 |
| Expenses | 24 | 19 | 18 |
| Operating Profit | 3 | 10 | 10 |
| OPM % | 10% | 34% | 36% |
| Other Income | 1 | 0 | 1 |
| Interest | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 |
| PBT | 4 | 10 | 11 |
| Tax % | 24% | 26% | 24% |
| Net Profit | 3 | 7 | 8 |
| EPS (₹) | 299 | 6.36 | 5.56 |
Profit & Loss
₹ Cr| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 27 | 31 | 44 | 57 |
| Expenses | 26 | 30 | 39 | 37 |
| Operating Profit | 1 | 1 | 5 | 20 |
| OPM % | 2.8% | 4.2% | 11% | 35% |
| Other Income | 1 | 3 | 4 | 2 |
| Interest | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| PBT | 1 | 4 | 8 | 21 |
| Tax % | 28% | 25% | 24% | 25% |
| Net Profit | 1 | 3 | 6 | 15 |
| EPS (₹) | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank. | 10.24 |
| Div. Payout % | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 0.1 | 0.1 | 0.1 | 15 |
| Reserves | 3 | 6 | 13 | 59 |
| Borrowings | 23 | 28 | 21 | 13 |
| Other Liabilities | 8 | 13 | 12 | 12 |
| Total Liabilities | 34 | 47 | 46 | 99 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 14 | 14 | 0 | 0 |
| Other Assets | 20 | 33 | 46 | 99 |
| Total Assets | 34 | 47 | 46 | 99 |
Cash Flow
₹ Cr| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | −2 | −2 | −5 | −7 |
| Investing | −2 | −6 | 17 | 5 |
| Financing | 6 | 5 | −7 | 36 |
| Net Cash Flow | 3 | −2 | 5 | 34 |
| Free Cash Flow | −2 | −2 | −5 | −7 |
| CFO/OP | −168 | −86 | −54 | −12 |
Ratios
| Particulars | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 65 | 68 | 172 | 175 |
| Inventory Days | 25 | 208 | 37 | 303 |
| Days Payable | 153 | 232 | 142 | 230 |
| Cash Conversion Cycle | −63 | 44 | 67 | 248 |
| Working Capital Days | −247 | −244 | −48 | 159 |
| ROCE % | — | 8% | 18% | 35% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Dhara Rail Projects insights
54 extracted metrics across FY23–FY26.
Documents
- Concall · Jun 2026PPT
- 28 Sep 2026
- 28 Sep 2026
- 28 Sep 2026
- 25 Sep 2026
Frequently Asked Questions about Dhara Rail Projects
What does Dhara Rail Projects Ltd do?
Where is Dhara Rail Projects Ltd (DHARARAIL) listed?
Which sector does Dhara Rail Projects Ltd belong to?
What is the 52-week high and low of Dhara Rail Projects Ltd?
What is the Return on Equity (ROE) of Dhara Rail Projects Ltd?
Company Information
Incorporated in 2010, Dhara Rail Projects Ltd provides various services like annual maintenance contracts, and repair services for railway rolling stock systems.
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