DREAMFOLKS

Dreamfolks Services Limited

Airport hospitality services provider for lounge access and meet-and-assist

Services›Services›Transport Infrastructure›Airport & Airport services

dreamfolks.com

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Key metrics

Price as of 2026-10-16

Stock price

₹60.29

Market cap

321 Cr

Stock P/E

Loss (TTM EPS ₹-4.40)

P/B

1.02

Dividend yield

2.5%

ROE (FY26)

3.6%

ROCE (FY26)

5.7%

Operating margin (FY26)

-0.1%

Debt / equity (FY26)

0.0092

OCF / EBITDA (3Y)

47.2%

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

Dreamfolks (Dreamfolks Services) runs a technology platform that gives bank cardholders, card networks and enterprise clients access to airport and railway lounges, spa, golf and other travel and lifestyle services in India and overseas.

Company snapshot

2ndBy market cap

Ranked among 2 companies in Airport & Airport services.

What we see

Positives

✓Debt-to-equity of 0.01x — the company is largely funded by its own money, not borrowed funds.

Concerns

✗Net margin is very thin at 1.8% — little room for error if costs rise.

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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

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	282 Cr	305 Cr	281 Cr	321 Cr	317 Cr	340 Cr	314 Cr	349 Cr	206 Cr	53 Cr	53 Cr	39 Cr
Operating expenses (approx.)	258 Cr	278 Cr	256 Cr	298 Cr	294 Cr	317 Cr	294 Cr	322 Cr	194 Cr	68 Cr	75 Cr	60 Cr
EBITDA	24 Cr	27 Cr	25 Cr	23 Cr	23 Cr	23 Cr	20 Cr	27 Cr	12 Cr	-14 Cr	-22 Cr	-21 Cr
OPM %	8.6%	9.0%	8.8%	7.1%	7.3%	6.8%	6.4%	7.7%	5.8%	-26.5%	-41.6%	-53.3%
Other income	0.52 Cr	0.68 Cr	1 Cr	2 Cr	0.77 Cr	2 Cr	4 Cr	3 Cr	4 Cr	6 Cr	7 Cr	4 Cr
Interest	0.26 Cr	0.28 Cr	0.41 Cr	0.28 Cr	0.84 Cr	0.41 Cr	2 Cr	0.23 Cr	0.23 Cr	0.24 Cr	2 Cr	0.31 Cr
Depreciation	0.92 Cr	0.96 Cr	0.96 Cr	0.90 Cr	0.93 Cr	0.99 Cr	1 Cr	0.79 Cr	0.81 Cr	0.97 Cr	1 Cr	0.94 Cr
Profit before tax	24 Cr	27 Cr	24 Cr	23 Cr	22 Cr	24 Cr	21 Cr	28 Cr	15 Cr	-10 Cr	-18 Cr	-18 Cr
Tax %	25.3%	25.2%	26.3%	26.8%	27.4%	28.0%	28.4%	25.3%	25.3%	18.8%	27.5%	24.4%
Net profit	18 Cr	20 Cr	18 Cr	17 Cr	16 Cr	17 Cr	15 Cr	21 Cr	11 Cr	-8 Cr	-13 Cr	-14 Cr
EPS (₹)	₹3.37	₹3.80	₹3.40	₹3.24	₹3.04	₹3.24	₹2.81	₹3.99	₹2.11	₹-1.48	₹-2.46	₹-2.57

Profit & loss (annual)

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

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	367 Cr	106 Cr	282 Cr	773 Cr	1,135 Cr	1,292 Cr	661 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	322 Cr	106 Cr	260 Cr	674 Cr	1,041 Cr	1,203 Cr	658 Cr	Sign in free for the trailing twelve months
EBITDA	45 Cr	-0.38 Cr	23 Cr	99 Cr	94 Cr	89 Cr	3 Cr	Sign in free for the trailing twelve months
OPM %	12.3%	-0.4%	8.0%	12.8%	8.3%	6.9%	0.4%	Sign in free for the trailing twelve months
Other income	0.77 Cr	2 Cr	1 Cr	3 Cr	3 Cr	9 Cr	19 Cr	Sign in free for the trailing twelve months
Interest	0.70 Cr	0.74 Cr	1 Cr	1 Cr	1 Cr	4 Cr	2 Cr	Sign in free for the trailing twelve months
Depreciation	2 Cr	2 Cr	2 Cr	3 Cr	4 Cr	4 Cr	4 Cr	Sign in free for the trailing twelve months
Profit before tax	44 Cr	-0.20 Cr	20 Cr	97 Cr	92 Cr	90 Cr	16 Cr	Sign in free for the trailing twelve months
Tax %	27.3%	-621.4%	20.6%	25.6%	25.8%	27.6%	26.9%	Sign in free for the trailing twelve months
Net profit	32 Cr	-1 Cr	16 Cr	73 Cr	69 Cr	65 Cr	12 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹6.06	₹-0.28	₹3.11	₹13.88	₹13.02	₹12.32	₹2.17	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	0.0%	3.9%	12.2%	0.0%	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

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5 Cr	5 Cr	10 Cr	10 Cr	11 Cr	11 Cr	11 Cr
Reserves	61 Cr	60 Cr	72 Cr	146 Cr	226 Cr	290 Cr	303 Cr
Borrowings	3 Cr	2 Cr	1 Cr	1 Cr	0.44 Cr	0.21 Cr	3 Cr
Other liabilities	69 Cr	56 Cr	85 Cr	165 Cr	182 Cr	198 Cr	61 Cr
Total liabilities	138 Cr	123 Cr	169 Cr	323 Cr	419 Cr	499 Cr	384 Cr
Fixed assets (net)	5 Cr	4 Cr	3 Cr	8 Cr	7 Cr	13 Cr	14 Cr
CWIP	0.64 Cr	0.04 Cr	—	0.04 Cr	0 Cr	0.24 Cr	0 Cr
Investments	—	—	—	46 Cr	45 Cr	91 Cr	104 Cr
Inventories	—	—	—	0 Cr	0 Cr	0 Cr	0.07 Cr
Trade receivables	69 Cr	40 Cr	91 Cr	202 Cr	265 Cr	294 Cr	134 Cr
Cash & bank	32 Cr	10 Cr	1 Cr	19 Cr	28 Cr	32 Cr	11 Cr
Other assets	31 Cr	69 Cr	74 Cr	48 Cr	72 Cr	68 Cr	120 Cr
Total assets	138 Cr	123 Cr	169 Cr	323 Cr	419 Cr	499 Cr	384 Cr

Cash flows

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

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	22 Cr	6 Cr	-12 Cr	50 Cr	22 Cr	57 Cr	8 Cr
Cash from investing	0.26 Cr	-27 Cr	6 Cr	-30 Cr	-15 Cr	-46 Cr	-30 Cr
Cash from financing	0.70 Cr	-2 Cr	-3 Cr	-2 Cr	2 Cr	-8 Cr	0.84 Cr
Net cash flow	23 Cr	-22 Cr	-9 Cr	18 Cr	9 Cr	3 Cr	-21 Cr
Free cash flow (OCF − Capex)	15 Cr	-30 Cr	-19 Cr	49 Cr	20 Cr	56 Cr	5 Cr

Ratios

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	64.5%	0.8%	26.3%	62.4%	39.5%	31.1%	5.7%
ROE %	48.4%	-2.3%	19.8%	46.2%	29.2%	21.8%	3.6%
Debtor days	68	136	117	95	85	83	74
Inventory days	—	—	—	0	0	0	0
Days payable	56	106	92	79	60	53	22
Cash conversion cycle	12	30	25	16	26	30	53
OCF / EBITDA %	49.8%	—	-53.8%	50.2%	23.3%	64.7%	n.m.
OCF / EBITDA % (3 years)	—	—	24.6%	36.1%	27.6%	45.8%	47.2%
Debt / equity	0.05	0.03	0.02	0.0065	0.0019	0.0007	0.0092
Current ratio	1.71	1.27	1.65	1.93	2.30	2.54	6.98
Net debt / EBITDA	-0.64	—	0.0079	-0.18	-0.30	-0.36	-2.84