DHARAN

DHARAN INFRA-EPC LIMITED

Real estate developer and civil contractor with investment segment

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

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Key metrics

Price as of 2026-10-16

Stock price
₹0.13
Market cap
34 Cr
Stock P/E
Loss (TTM EPS ₹-0.13)
P/B
0.04
Dividend yield
0.8%
ROE (FY25)
-4.3%
ROCE (FY25)
-3.7%
Operating margin (FY25)
-220.8%
Debt / equity (FY25)
0.07
OCF / EBITDA (FY22)
-68.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Dharan Infra-EPC is an Indian real estate developer that also reports a civil contracting business and an investment segment.

Company snapshot

78thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 100.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Civil Contracting business—0 Cr0.0001 Cr6 Cr
Investment (Subsidiary)
86.8%
0.95 Cr0.74 Cr701 Cr
Real Estate
100.0%
1 Cr-11 Cr326 Cr

Shares add up to 187% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.07x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2022Mar 2023Jun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025
Sales18 Cr63 Cr10 Cr-5 Cr13 Cr13 Cr9 Cr6 Cr1 Cr1 Cr0.11 Cr3 Cr
Operating expenses (approx.)22 Cr67 Cr21 Cr9 Cr46 Cr19 Cr23 Cr6 Cr25 Cr3 Cr9 Cr5 Cr
EBITDA-4 Cr-4 Cr-12 Cr-13 Cr-33 Cr-7 Cr-14 Cr-0.23 Cr-24 Cr-1 Cr-8 Cr-1 Cr
OPM %-25.1%-6.7%-120.6%298.5%-263.1%-54.3%-147.6%-3.7%-2215.4%-107.0%-7515.6%-42.7%
Other income2 Cr11 Cr2 Cr14 Cr11 Cr3 Cr1 Cr2 Cr1 Cr1 Cr0.97 Cr0.02 Cr
Interest3 Cr3 Cr3 Cr3 Cr6 Cr1 Cr3 Cr2 Cr-3 Cr2 Cr0.82 Cr3 Cr
Depreciation0.03 Cr0.03 Cr0.03 Cr0.03 Cr0.06 Cr0.03 Cr0.03 Cr0.03 Cr0.03 Cr0.02 Cr0.02 Cr0.02 Cr
Profit before tax-6 Cr4 Cr-13 Cr-2 Cr-29 Cr-6 Cr-15 Cr-0.42 Cr-20 Cr-2 Cr-8 Cr-4 Cr
Tax %3.7%2.0%-0.0%-0.1%0.0%-0.4%-0.0%-1.1%-0.0%-0.5%-0.1%-0.1%
Net profit-6 Cr4 Cr-13 Cr-2 Cr-29 Cr-6 Cr-15 Cr-0.43 Cr-20 Cr-2 Cr-8 Cr-4 Cr
EPS (₹)₹-0.10₹0.06₹-0.16₹-0.02₹-0.30₹-0.05₹-0.09₹-0.05₹-0.02₹-0.01—₹-0.02

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025TTM
Sales102 Cr108 Cr21 Cr18 CrSign in free for the trailing twelve months
Operating expenses (approx.)73 Cr109 Cr74 Cr58 CrSign in free for the trailing twelve months
EBITDA29 Cr-0.71 Cr-53 Cr-40 CrSign in free for the trailing twelve months
OPM %28.2%-0.7%-259.2%-220.2%Sign in free for the trailing twelve months
Other income10 Cr12 Cr28 Cr5 CrSign in free for the trailing twelve months
Interest14 Cr12 Cr11 Cr4 CrSign in free for the trailing twelve months
Depreciation0.12 Cr0.13 Cr0.13 Cr0.11 CrSign in free for the trailing twelve months
Profit before tax24 Cr-2 Cr-37 Cr-38 CrSign in free for the trailing twelve months
Tax %27.9%-1.4%-0.0%-0.1%Sign in free for the trailing twelve months
Net profit17 Cr-2 Cr-37 Cr-38 CrSign in free for the trailing twelve months
EPS (₹)₹2.79₹-0.20₹-0.33₹-0.11Sign in free for the trailing twelve months
Dividend payout %1.6%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025
Equity capital62 Cr82 Cr110 Cr261 Cr
Reserves0 Cr76 Cr800 Cr620 Cr
Borrowings—1,504 Cr76 Cr64 Cr
Other liabilities265 Cr70 Cr107 Cr113 Cr
Total liabilities327 Cr1,733 Cr1,093 Cr1,059 Cr
Fixed assets (net)—0.86 Cr0.77 Cr0.67 Cr
CWIP—0 Cr0 Cr—
Investments—1,283 Cr24 Cr16 Cr
Loans & advances—15 Cr14 Cr17 Cr
Inventories—129 Cr145 Cr155 Cr
Trade receivables—86 Cr84 Cr81 Cr
Cash & bank—2 Cr689 Cr701 Cr
Other assets327 Cr218 Cr136 Cr88 Cr
Total assets327 Cr1,733 Cr1,093 Cr1,059 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025
Cash from operating activity-20 Cr-166 Cr72 Cr17 Cr
Cash from investing37 Cr-1,254 Cr664 Cr10 Cr
Cash from financing-17 Cr1,423 Cr-51 Cr-16 Cr
Net cash flow0.13 Cr3 Cr686 Cr11 Cr
Free cash flow (OCF − Capex)-20 Cr-166 Cr72 Cr17 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025
ROCE %—0.6%-2.6%-3.7%
ROE %—-1.0%-4.0%-4.3%
Debtor days—28914871640
Inventory days—56541094926
Days payable—11140213
Cash conversion cycle—84254556353
OCF / EBITDA %-68.8%———
Debt / equity—9.470.080.07
Current ratio—0.5112.9416.51
Net debt / EBITDA0.00———