Dhani Services Ltd

Dhani Services Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dhani Services Ltd

₹ 55.9 -3.02%
04 Jul 4:11 p.m.
dhani.com BSE: 532960 NSE: DHANI
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]

Key Points

Service Offerings
Daily Needs Store: The Co. had originally launched Dhani Store as Dhani Pharmacy. To serve the diverse needs of consumers, it has expanded its product offerings to include electronics, personal care, daily household items, and groceries.
Payments Services: The Co.’s electronic wallet service allows customers to add money to their Dhani Wallet account from bank accounts, which can then be used to pay bills, mobile phone charges, gift vouchers, and book bus rides.
Trading Services: The Co. has a brokerage platform that offers trading services to customers at competitive prices. [1]

Website BSE NSE
  • Market Cap ₹ 3,377 Cr.
  • Current Price ₹ 55.9
  • High / Low ₹ 59.8 / 29.8
  • Stock P/E
  • Book Value ₹ 57.1
  • Dividend Yield 0.00 %
  • ROCE -5.33 %
  • ROE -10.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.98 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.48%
  • The company has delivered a poor sales growth of -26.7% over past five years.
  • Promoter holding is low: 30.8%
  • Company has a low return on equity of -12.8% over last 3 years.
  • Debtor days have increased from 59.5 to 74.8 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
239 304 335 490 305 246 130 148 84 120 99 87 118
320 456 469 606 465 266 211 215 299 164 162 158 174
Operating Profit -80 -152 -134 -116 -160 -20 -81 -67 -214 -44 -64 -71 -56
OPM % -33% -50% -40% -24% -52% -8% -62% -45% -254% -37% -65% -81% -48%
-3 3 -1 12 17 28 53 20 30 5 14 20 17
Interest 101 83 71 59 62 59 42 35 30 26 24 22 21
Depreciation 7 20 22 25 27 29 28 17 17 18 16 14 14
Profit before tax -191 -252 -228 -189 -232 -79 -98 -99 -232 -83 -89 -87 -75
Tax % 14% 24% 10% -15% -6% -31% 11% 7% 15% -14% -17% -3% -14%
-164 -192 -206 -218 -244 -104 -87 -92 -198 -95 -105 -89 -85
EPS in Rs -3.12 -3.64 -3.95 -3.63 -4.13 -1.69 -1.46 -1.56 -3.25 -1.57 -1.75 -1.48 -1.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
191 284 398 397 413 980 1,993 2,915 1,347 1,434 612 423
122 119 140 162 201 478 750 1,952 963 1,986 968 658
Operating Profit 69 165 258 236 213 502 1,243 963 384 -551 -356 -235
OPM % 36% 58% 65% 59% 51% 51% 62% 33% 29% -38% -58% -56%
7 18 10 12 96 15 4 4 9 29 109 56
Interest 8 24 61 148 139 224 591 824 518 284 170 93
Depreciation 8 5 13 23 24 12 27 116 84 95 91 63
Profit before tax 61 154 194 77 146 281 629 27 -209 -901 -508 -334
Tax % -4% 34% 22% 4% 30% 25% 27% -55% -10% 4% 5% -12%
63 102 151 74 102 210 460 42 -230 -860 -481 -374
EPS in Rs 2.31 3.70 4.86 2.12 2.69 3.99 7.59 0.09 -4.27 -14.42 -7.95 -6.22
Dividend Payout % 110% 18% 52% 119% 31% 22% 15% 3,836% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: -27%
3 Years: -32%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -34%
TTM: 19%
Stock Price CAGR
10 Years: 7%
5 Years: -30%
3 Years: -32%
1 Year: 72%
Return on Equity
10 Years: -3%
5 Years: -8%
3 Years: -13%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 46 46 52 59 64 93 113 102 115 121 122 122
Reserves 171 171 268 273 385 1,806 6,312 4,925 5,068 4,942 3,692 3,324
137 368 1,690 2,193 1,519 4,929 8,648 5,410 3,739 2,482 1,021 697
191 232 415 196 247 930 942 1,129 1,200 1,079 479 381
Total Liabilities 546 818 2,425 2,720 2,215 7,758 16,015 11,566 10,121 8,624 5,314 4,523
32 34 664 660 86 66 118 755 409 537 319 252
CWIP 1 0 11 36 8 5 9 6 6 7 4 0
Investments 43 32 69 0 163 499 638 634 1,420 588 510 55
470 751 1,680 2,023 1,959 7,188 15,250 10,171 8,286 7,492 4,481 4,216
Total Assets 546 818 2,425 2,720 2,215 7,758 16,015 11,566 10,121 8,624 5,314 4,523

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-94 376 -268 10 203 -2,912 -7,044 6,040 925 -702 848 -231
66 166 -330 -77 120 -537 -204 -848 -537 774 77 489
40 -431 994 196 -247 4,473 7,062 -4,093 -1,168 -801 -1,168 -318
Net Cash Flow 13 112 397 129 76 1,024 -185 1,099 -780 -729 -244 -60

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 115 178 228 292 298 98 50 19 38 33 71 75
Inventory Days 240 1,558 2,804
Days Payable 284 124 220
Cash Conversion Cycle 115 178 228 292 298 98 50 19 38 -11 1,505 2,659
Working Capital Days 30 212 503 779 660 -103 143 169 185 232 774 360
ROCE % 22% 38% 19% 10% 12% 11% 11% 6% 3% -7% -5%

Shareholding Pattern

Numbers in percentages

15 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
29.26% 30.05% 30.05% 33.00% 33.00% 33.01% 32.89% 32.89% 32.89% 31.26% 31.26% 30.77%
27.30% 28.86% 27.16% 21.89% 20.52% 18.34% 15.87% 14.56% 14.14% 14.38% 14.27% 14.63%
1.41% 1.40% 1.41% 1.40% 1.42% 1.43% 1.45% 1.38% 1.38% 1.43% 1.45% 1.47%
38.81% 36.45% 38.15% 38.84% 40.18% 42.37% 44.96% 46.33% 46.74% 48.10% 48.20% 48.29%
3.23% 3.23% 3.23% 4.87% 4.87% 4.87% 4.85% 4.85% 4.85% 4.85% 4.85% 4.85%
No. of Shareholders 99,76796,1741,11,2771,92,1742,07,2432,08,4072,14,4082,13,6772,22,5542,20,9852,13,5062,11,898

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Credit ratings

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