---
title: "Dhruv Consultancy Services Ltd (DHRUV) — Share Price, Financials & Analysis"
symbol: "DHRUV"
company: "Dhruv Consultancy Services Ltd"
canonical: "https://tapetide.com/stocks/DHRUV"
isin: "INE506Z01015"
nse_symbol: "DHRUV"
bse_code: "541302"
sector: "Commercial Services"
industry: "Consulting Services"
market_cap_cr: 43.17
generated_at: "2026-09-13T18:27:52.005Z"
---

# Dhruv Consultancy Services Ltd (DHRUV)

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

## Company

- **NSE Symbol:** DHRUV
- **BSE Code:** 541302
- **ISIN:** INE506Z01015
- **Sector:** Commercial Services
- **Industry:** Consulting Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2021-11-25
- **CEO:** Mr. Pandurang Balkrishna Dandawate
- **Employees:** 311
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** dhruvconsultancy.in

## About

Incorporated in 2003, Dhruv Consultancy Services Ltd is a Project Management Consultancy firm that specializes in providing infrastructural solutions[1]

## Latest Price

- **Price:** ₹21.84
- **Change:** -0.95 (-4.17%)
- **Open:** ₹23.48
- **Day High:** ₹23.48
- **Day Low:** ₹21.66
- **Previous Close:** ₹22.79
- **Volume:** 16609
- **As Of:** 2026-09-11T10:21:46+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:49.372962Z.

- **Market Cap:** ₹43.17 Cr
- **Classification:** Microcap
- **P/E (reported):** -1.3
- **EPS (TTM):** ₹-18.33
- **Book Value:** ₹38.07
- **Price to Book:** 0.6
- **Dividend Yield:** 0.88%
- **ROE:** -39.45%
- **ROCE:** -44.51%
- **Debt to Equity:** 0.32
- **Revenue (yearly):** ₹44 Cr
- **Net Income:** ₹-28.5 Cr
- **EBITDA:** ₹-32 Cr
- **52-Week High:** ₹59.67
- **52-Week Low:** ₹22.02
- **RSI (14):** 41.32

## Tapetide Score

- **Score:** 39 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Falling
- **Percentile:** 12 (of 4473 scored stocks)
- **Confidence:** 91%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 20.75 | 9% |
| growth | 8.36 | 9% |
| momentum | 14.06 | 12% |
| ownership | 48.28 | 24% |
| quality | 45.08 | 22% |
| valuation | 52.79 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.57 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.51% over past five years.
- Company has a low return on equity of -6.67% over last 3 years.
- Contingent liabilities of Rs.29.0 Cr.
- Company has high debtors of 181 days.
- Promoter holding has decreased over last 3 years: -13.2%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 76.18% | -101.17% | -135.03% |
| ebitda margin growth | 61.9% | -570.85% | -525.64% | — |
| net income growth | — | -507.14% | -583.05% | — |
| revenue growth | 84.88% | -57.49% | -19% | -8% |
| roce | -58.1% | -515.21% | -456.37% | — |
| roe | — | -687.93% | -7.95% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22.89 | 22.6 | 24.69 | 19.7 | 32.67 | 21.99 | 27.6 | 21.04 | 19.23 | -5.69 | 8.32 | 15.55 |
| Expenses | 18.8 | 17.89 | 22.22 | 17.2 | 28.97 | 18.08 | 23.12 | 17.83 | 17.28 | 23.74 | 17 | 19.15 |
| Operating Profit | 4.09 | 4.71 | 2.47 | 2.5 | 3.7 | 3.91 | 4.48 | 3.21 | 1.95 | -29.43 | -8.68 | -3.6 |
| OPM % | 17.87 | 20.84 | 10 | 12.69 | 11.33 | 17.78 | 16.23 | 15.26 | 10.14 | — | -104.33 | -23.15 |
| Other Income | 0.15 | 0.25 | 0.31 | 0.32 | 0.25 | 0.56 | 0.43 | 0.36 | 0.17 | 0.24 | 0.27 | 0.39 |
| Interest | 0.88 | 0.81 | 0.71 | 0.64 | 0.62 | 0.67 | 0.49 | 0.41 | 0.39 | 0.45 | 0.23 | 0.53 |
| Depreciation | 1.25 | 1.28 | 1.22 | 1.08 | 1.11 | 1.16 | 1.19 | 1.07 | 1.08 | 1.19 | 1.02 | 0.73 |
| Profit before tax | 2.11 | 2.87 | 0.85 | 1.1 | 2.22 | 2.64 | 3.23 | 2.09 | 0.65 | -30.83 | -9.66 | -4.47 |
| Tax % | 10.9 | 6.27 | 49.41 | 20.91 | 14.86 | 18.94 | 38.39 | 23.92 | -53.85 | 0.45 | -99.38 | 6.04 |
| Net Profit | 1.88 | 2.7 | 0.43 | 0.88 | 1.89 | 2.15 | 1.99 | 1.6 | 1.01 | -30.97 | -0.06 | -4.74 |
| EPS in Rs | 1.24 | 1.78 | 0.27 | 0.55 | 1 | 1.13 | 1.05 | 0.84 | 0.53 | -16.33 | -0.03 | -2.5 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 43 | 56 | 49 | 63 | 75 | 81 | 82 | 102 | 43 | 37 |
| Expenses | 31 | 42 | 45 | 55 | 66 | 72 | 68 | 87 | 75 | 77 |
| Operating Profit | 12 | 15 | 4 | 9 | 9 | 9 | 14 | 15 | -32 | -40 |
| OPM % | 27 | 26 | 7 | 14 | 12 | 11 | 17 | 15 | -74 | -106 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Interest | 2 | 3 | 2 | 1 | 1 | 2 | 3 | 3 | 3 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 5 | 4 | 4 |
| Profit before tax | 10 | 11 | 1 | 7 | 8 | 6 | 7 | 9 | -38 | -44 |
| Tax % | 32 | 31 | 25 | 32 | 27 | 15 | 14 | 24 | -25 | — |
| Net Profit | 7 | 8 | 1 | 5 | 6 | 5 | 6 | 7 | -28 | -35 |
| EPS in Rs | 6.89 | 5.37 | 0.74 | 3.38 | 4.03 | 3.19 | 3.71 | 3.66 | -14.98 | -18.33 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 5 | 0 | — |

### Balance Sheet

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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.38 | 10 | 14 | 14 | 14 | 14 | 15 | 16 | 19 | 19 |
| Reserves | 10 | 6 | 30 | 31 | 25 | 32 | 42 | 50 | 85 | 53 |
| Borrowings | 14 | 20 | 13 | 10 | 10 | 12 | 19 | 20 | 18 | 23 |
| Other Liabilities | 6 | 14 | 16 | 13 | 33 | 27 | 32 | 22 | 22 | 23 |
| Total Liabilities | 30 | 50 | 74 | 69 | 83 | 85 | 108 | 108 | 144 | 119 |
| Fixed Assets | 5 | 7 | 8 | 5 | 5 | 7 | 17 | 14 | 11 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 25 | 43 | 65 | 63 | 77 | 78 | 91 | 95 | 132 | 107 |
| Total Assets | 30 | 50 | 74 | 69 | 83 | 85 | 108 | 108 | 144 | 119 |

### Cash Flow

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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2 | 5 | -11 | 0 | 3 | 4 | 2 | -2 | -14 | -3 |
| Cash from Investing Activity | -3 | -1 | -2 | 2 | 0 | -6 | -6 | -3 | -11 | 4 |
| Cash from Financing Activity | 1 | 0 | 13 | -3 | -1 | 1 | 8 | 4 | 25 | 0 |
| Net Cash Flow | 0 | 3 | 0 | -1 | 2 | -2 | 3 | -1 | 0 | 0 |
| Free Cash Flow | -1 | 3 | -13 | 1 | 2 | -3 | -5 | -5 | -18 | -8 |
| CFO/OP | 28 | 44 | -73 | -2 | 31 | 48 | 22 | 0 | -95 | 11 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 180 | 218 | 226 | 226 | 158 | 65 | 80 | 108 | 102 | 181 |
| Cash Conversion Cycle | 180 | 218 | 226 | 226 | 158 | 65 | 80 | 108 | 102 | 181 |
| Working Capital Days | 66 | 102 | 222 | 255 | 161 | 151 | 166 | 182 | 240 | 356 |
| ROCE % | 39 | 40 | 29 | 5 | 16 | 17 | 11 | 12 | 12 | -32 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.37% | 60.93% | 59.1% | 59.1% | 59% | 49.42% | 49.42% | 49.44% | 49.44% | 49.44% | 49.44% | 49.44% |
| FIIs | 0% | 0% | 1.37% | 1.04% | 2.73% | 3.13% | 2.14% | 1.39% | 2.34% | 2.34% | 2.24% | 2.17% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0.98% | 0.98% | 3.61% | 3.59% | 0.94% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 34.66% | 34.29% | 32.32% | 32.66% | 32.17% | 37.76% | 38.45% | 36.65% | 36.42% | 36.19% | 37.94% | 39.48% |
| Others | 3.97% | 4.78% | 7.21% | 7.2% | 6.1% | 8.72% | 9.01% | 8.91% | 8.21% | 11.09% | 10.38% | 8.9% |
| No. of Shareholders | 4411 | 4441 | 5994 | 5583 | 5746 | 6431 | 6506 | 6358 | 6280 | 6195 | 6142 | 6071 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 23 | Sell |
| EMA (10) | 22.96 | Sell |
| SMA (20) | 23.7 | Sell |
| EMA (20) | 23.44 | Sell |
| SMA (50) | 24.54 | Sell |
| EMA (50) | 24.76 | Sell |
| SMA (100) | 27.52 | Sell |
| EMA (100) | 27.42 | Sell |
| SMA (200) | 32.99 | Sell |
| EMA (200) | 34.7 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.91 | Neutral |
| MACD (12,26,9) | -0.63 | Sell |
| Stochastic (14,3,3) | 14.63 | Buy |
| ADX (14) | 36.97 | Buy |
| Williams %R (14) | -93.92 | Buy |
| ATR (14) | 1.31 | High Volatility |
| ROC (12) | -10.86 | Sell |
| Stoch RSI (14) | 0.25 | Buy |
| UO (7,14,28) | 32.76 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Dispatch Of Letters To The Members Providing A Weblink Along With Exact Path To Access The Annual Report Of The Company For The FY 2025-26 In Compliance With Reg 36(1)(B) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cafdbcc5-9ca4-4c37-8e4b-a7c0467ca74d.pdf) |
| 2026-09-04 | [Project Updates](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=69d438ab-e487-46d1-807a-8114066c713b.pdf) |
| 2026-09-04 | [Project Updates - 2Nd One](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e624738-6cc7-47b3-8b85-49a1365540fa.pdf) |
| 2026-09-04 | [Project Updates - 3Rd One](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9326d0b0-c3c1-48e2-b0d4-72c79576dbfa.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a1fcce23-c5e3-4beb-b3db-cb903e0de694.pdf) |
| 2026-08-27 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7cd3638-d9a9-4816-b209-79352c6dfba8.pdf) |
| 2026-08-27 | [Notice Of 23Rd Annual General Meeting Of Shareholder Will Be Held On 24Th September 2026 Along With E-Voting Particulars](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a753ed9d-8d0f-450a-a2d5-8f0344e2fa31.pdf) |
| 2026-08-24 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2cad50f9-412a-4b84-88f3-351e7a8c91a1.pdf) |
| 2026-08-24 | [Book Closure Dates W.R.T AGM 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=809f33d4-84c7-4e80-8241-ea659f0bf61b.pdf) |
| 2026-08-18 | [Board Meeting Intimation for Considering AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cacf56ea-a03d-4ea7-897f-169b473cb801.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d71a3b4-348d-48e6-8c2b-23d4ccd82fe5.pdf) |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c39ba031-62ba-4a70-ba7d-a879f6ba44bb.pdf) |
| 2025-05-23 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=668edd60-e2c7-4625-998f-79879d49ccdf.pdf) |
| 2025-02-11 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e569e802-22c9-4266-8c75-7f5c200280d7.pdf) |
| 2024-08-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6699c617-d203-4b76-b097-5244ba7c4f4f.pdf) |
| 2024-06-07 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64fa8223-c6ae-48bc-accf-78d3b40dffd0.pdf) |
| 2024-02-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12466d15-eb3b-4b49-afd3-3b57cd5d11f8.pdf) |
| 2023-11-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39736237-9f0a-47fc-a89a-4cc259c1a744.pdf) |
| 2023-08-23 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea29dd2e-0d4d-40ef-b73c-70cc75678aa4.pdf) |
| 2023-05-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4a150e5f-0e6b-4881-bbd5-8ad3f211c057.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e8a4ba8-a67b-42f0-915d-9f537ac69b6f.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb91e2e9-9283-4d42-8685-201245c5ad10.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2084b85-991d-45d5-9d10-1f862644dfd0.pdf) |
| 2025-08-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3c808da-6ae1-4a16-ba2d-7c2a228ee2f9.pdf) |
| 2025-05-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4815d4b5-b23d-4b99-9e02-49a03a3a89e6.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e0531a06-46fc-4d65-a607-f4619b453fe2.pdf) |
| 2024-08-12 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb6ce6f8-8f18-482e-85a3-100d3cb69c34.pdf) |
| 2024-06-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe15cbc5-c8c4-48b3-bcaa-075a6376e90e.pdf) |
| 2024-02-16 | [Announcement Under Regulation 30-Audio Recording For The Earnings Call Held On February 16, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25f94c39-44de-4acd-8758-99eafdb38012.pdf) |
| 2023-11-10 | [Submission Of Audio Recording Of Q2 & H1 FY 2024 Earning Con Call](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9849f3cb-3f6a-4541-89b5-aedab7efea6b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Un-Audited Financial Results For Q1 Of 2026-2027](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a73e289-06a0-431f-8d33-ecae3acef8a3.pdf) |
| 2026-05-28 | [Audited Financial Results For Q4 Of 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1774520c-6895-4ee3-9fcb-08fb9f71e30d.pdf) |
| 2026-02-13 | [Un-Audited Financial Results For Q3 Of 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5efd5211-9b27-4313-8bde-84d3c5e3bc56.pdf) |
| 2025-11-13 | [Un-Audited Financial Results For Q2 Of 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a604bd4b-a666-430e-b3ca-f0ed6b0ad22c.pdf) |
| 2025-08-12 | [Un-Audited Financial Results For Q1 Of 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bfc4b684-23ef-4eb8-b920-610b88853fd8.pdf) |
| 2025-05-15 | [Results For Q4 Of 2024-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c33103d6-71cb-4b61-b5d6-ce646dcd2c05.pdf) |
| 2025-02-05 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a27f92f-ef00-4568-bc3d-01594dab7c91.pdf) |
| 2024-11-11 | [Un-Audited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9344412f-67a0-4ac8-b8bd-83f0334ff5d9.pdf) |
| 2024-08-06 | [Un-Audited Financial Results For Q1 Of 2024-2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8a5ae159-590e-4f50-a3f0-4ec5ae762007.pdf) |
| 2024-05-27 | [Audited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f6ac5bb9-161d-4820-a69c-18fc8766e1b5.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=25ffa077-0f5f-4b9e-9041-5d12a360c02c.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/25ffa077-0f5f-4b9e-9041-5d12a360c02c.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=88b80733-6a1d-43b4-b1f7-3747621df7fe.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88b80733-6a1d-43b4-b1f7-3747621df7fe.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39736237-9f0a-47fc-a89a-4cc259c1a744.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/668edd60-e2c7-4625-998f-79879d49ccdf.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4a150e5f-0e6b-4881-bbd5-8ad3f211c057.pdf) |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12466d15-eb3b-4b49-afd3-3b57cd5d11f8.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8375e32a-372f-4dd0-87b7-bd572b926015.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8375e32a-372f-4dd0-87b7-bd572b926015.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 5 May - Dhruv Consultancy got LOA for Amravati Airport runway feasibility study, worth Rs 84.69 lakh, over 5 months. | [Project Updates 5 May - Dhruv Consultancy got LOA for Amravati Airport runway feasibility study, worth Rs 84.69 lakh, over 5 months.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e6f0879-2d0c-491b-b24c-24e912c1a5ae.pdf) |
| 3 Apr - Empanelled with India Exim Bank on April 2, 2026 for LIE services in roads and highways. | [Regulation 30 Project Updates - 2 3 Apr - Empanelled with India Exim Bank on April 2, 2026 for LIE services in roads and highways.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13b811a3-e0c4-49df-9250-a0b0f8a54990.pdf) |
| 3 Apr - Dhruv Consultancy empaneled with India Exim Bank on 2 April 2026 for TEV, PFR and DPR services. | [Regulation 30 Project Updates - 1 3 Apr - Dhruv Consultancy empaneled with India Exim Bank on 2 April 2026 for TEV, PFR and DPR services.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bda9a793-21d0-4cfa-a579-b63f78fef0dd.pdf) |
| 29 Apr - Received NHAI LOA for independent engineer services in Punjab; contract value Rs 2.83 crore plus GST for 36 months. | [Project Updates 29 Apr - Received NHAI LOA for independent engineer services in Punjab; contract value Rs 2.83 crore plus GST for 36 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/31e8a5c3-dc82-4da8-ac44-17720e4ffd96.pdf) |
| 29 Apr - Received NHAI LOA for independent engineer services in Punjab; contract value Rs 2.83 crore plus GST for 36 months. | [Project Updates 29 Apr - Received NHAI LOA for independent engineer services in Punjab; contract value Rs 2.83 crore plus GST for 36 months.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/31e8a5c3-dc82-4da8-ac44-17720e4ffd96.pdf) |
| 26 Feb - Won consultancy LOAs totalling ~₹16.24 Cr across six projects; unexecuted order book ~₹256 Cr (Feb 26, 2026). | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 26 Feb - Won consultancy LOAs totalling ~₹16.24 Cr across six projects; unexecuted order book ~₹256 Cr (Feb 26, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ecacdfb-a422-49f0-8ade-121ce72eeca1.pdf) |
| 26 Feb - CARE downgraded Dhruv Feb 24, 2026; LT ₹8.50cr to CARE BB+; 9MFY26 operating and net losses. | [Announcement under Regulation 30 (LODR)-Credit Rating 26 Feb - CARE downgraded Dhruv Feb 24, 2026; LT ₹8.50cr to CARE BB+; 9MFY26 operating and net losses.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d559311-e787-41bc-b3f8-24e23e98b7bd.pdf) |
| 25 Feb - Received LOA for PMC of Ganga River Bridge in Kanpur, Rs 1,68,81,984 excluding GST, 24-month project. | [Project Updates 25 Feb - Received LOA for PMC of Ganga River Bridge in Kanpur, Rs 1,68,81,984 excluding GST, 24-month project.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4b4b1f9e-407a-4693-bec7-85178befe0d0.pdf) |
| 20 Mar - Received NHAI LOA for DPR consultancy, Rs 3,94,88,232, 7-month project, LOA dated 19 Mar 2026. | [Regulation 30 Project Updates 20 Mar - Received NHAI LOA for DPR consultancy, Rs 3,94,88,232, 7-month project, LOA dated 19 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/956c3cd2-c149-470c-9351-01b80e958098.pdf) |
| 2 Mar - Audio recording of Q3 FY26 earnings call (ended Dec 31, 2025) uploaded to company's website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 2 Mar - Audio recording of Q3 FY26 earnings call (ended Dec 31, 2025) uploaded to company's website.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb91e2e9-9283-4d42-8685-201245c5ad10.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2025-08-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fc7a9720-192d-48e4-b777-d6052a3b7b66.pdf) |
| 2025-05-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09ef9762-98fc-40a3-a4bb-e1437ceeb3ac.pdf) |
| 2025-02-06 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=590ce82f-acaf-4b1b-9343-d481864c355d.pdf) |
| 2024-11-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=30bbc043-dfd4-49e7-a5fe-129c093cc412.pdf) |
| 2024-08-09 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c828763b-011d-48d3-a618-e9afdef0bcb0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5bd7c81b-d0e4-4362-90ba-a1ae507c33e1.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58750bfd-ff87-4815-b93f-9bece2b690c2.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8710a882-46e6-49dc-ba82-4d34e7994857.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541302/74269541302.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541302/70088541302.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541302/67273541302.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541302/5413020319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541302/5413020318.pdf) |

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