BSE: 543753 | NSE: | Finance - Asset Management | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dharni Capital Services Ltd is a average quality company.
The key valuation ratios of Dharni Capital Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dharni Capital Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.8% | 100.5% | 104.3% | 19.4% | 25% | - |
| Value Creation Index ⓘ | -0.6 | 6.2 | 6.5 | 0.4 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 0.2 | 2.6 | 14.7 | 4.7 | 8.2 | 8 |
| Sales YoY Gr. | - | 1,175% | 474.5% | -67.9% | 74.5% | - |
| Adj EPS ⓘ | 0 | 0.5 | 0.6 | 0.6 | 1.4 | 1.4 |
| YoY Gr. | - | 1050% | 39.1% | -9.4% | 148.3% | - |
| BVPS (₹) ⓘ | -0.1 | 0.3 | 1.5 | 7 | 8.4 | 8.4 |
| Adj Net Profit ⓘ | 0 | 0.2 | 1 | 1.2 | 2.9 | 3 |
| Cash Flow from Ops. ⓘ | 0 | 0.3 | 0.9 | 1.1 | 2 | - |
| Debt/CF from Ops. ⓘ | 12.9 | 0.4 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 47.6% | 74.5% | ||||
| Adj EPS ⓘ | NA | NA | 46.3% | 148.3% | ||||
| BVPSⓘ | NA | NA | 194.3% | 20.7% | ||||
| Share Price | - | - | - | 17.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -32.7 | 432.3 | 81.2 | 14.5 | 18.8 | 17.1 |
| Op. Profit Mgn % ⓘ | 22.6 | 8.6 | 8.9 | 28.7 | 36.5 | NAN |
| Net Profit Mgn % ⓘ | 6.8 | 6 | 6.6 | 25.3 | 35.9 | 35.8 |
| Debt to Equity ⓘ | -5.5 | 0.8 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 16 | 10 | 56 | 147 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -2 | 0 | 3 | 2 | 0 |
Sales growth is growing at healthy rate in last 3 years 47.60%
Net Profit is growing at healthy rate in last 3 years 46.29%
Return on Equity has declined versus last 3 years average to 17.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.4 | 1.5 |
| TTM Sales (₹ Cr.) | 8.2 | 8.2 |
| BVPS (₹.) ⓘ | 8.4 | 8.5 |
| Reserves (₹ Cr.) ⓘ | 15 | 15 |
| P/BV ⓘ | 5.37 | 5.32 |
| PE ⓘ | 31.33 | 29.63 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 36.10 / 52.30 |
| All Time Low / High (₹) | 18.95 / 52.30 |
| Market Cap (₹ Cr.) | 92.1 |
| Equity (₹ Cr.) | 2 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 35 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Income | 0.20 | 2.55 | 14.69 | 5 | 9.27 |
| Interest Income | 0.20 | 2.55 | 14.65 | 4.70 | 8.20 |
| Other Income ⓘ | 0 | 0 | 0.04 | 0.30 | 1.07 |
| Expenditure ⓘ | 0.19 | 2.36 | 13.41 | 3.40 | 5.35 |
| Interest Expense ⓘ | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 0.19 | 2.35 | 13.41 | 3.40 | 5.31 |
| Provisions | 0 | 0.01 | 0 | 0 | 0.04 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.01 | 0.20 | 1.29 | 1.60 | 3.92 |
| Taxes ⓘ | 0 | 0.04 | 0.32 | 0.41 | 0.98 |
| Profit After Tax | 0.01 | 0.15 | 0.97 | 1.19 | 2.94 |
| Adjusted EPS (₹) | 0.0 | 0.5 | 0.6 | 0.6 | 1.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | -0.04 | 0.11 | 2.27 | 14.20 | 17.14 | |||||
| Share Capital ⓘ | 0.01 | 0.01 | 1.50 | 2.04 | 2.04 | |||||
| Reserves ⓘ | -0.05 | 0.10 | 0.77 | 12.16 | 15.10 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Long Term Borrowings | 0.21 | 0.08 | -0.02 | -0.01 | -0.01 | |||||
| Current Liabilities | 0.01 | 0.09 | 0.51 | 0.48 | 1.18 | |||||
| Trade Payables | 0 | 0.01 | 0 | 0.02 | 0 | |||||
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | |||||
| Other Liabilities | 0 | -0.01 | 0 | -0.02 | 0 | |||||
| Total Liabilities ⓘ | 0.18 | 0.28 | 2.76 | 14.66 | 18.31 | |||||
Assets | ||||||||||
| Non Current Asset | 0.08 | 0.16 | 1.26 | 2.61 | 11.55 | |||||
| Loan Asset | 0 | 0 | 0 | 0 | 0 | |||||
| Other Non Current Asset ⓘ | 0.08 | 0.16 | 1.26 | 2.61 | 11.55 | |||||
| Current Asset | 0.10 | 0.12 | 1.50 | 12.06 | 6.76 | |||||
| Current Investment | 0 | 0 | 0 | 0 | 0 | |||||
| Other Current Asset | 0.10 | 0.12 | 1.50 | 12.06 | 6.76 | |||||
| Total Assets ⓘ | 0.18 | 0.28 | 2.76 | 14.66 | 18.31 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 1 | 15 | 1 | 1 | 1 | |||||
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | |||||
| BVPS (₹) | -4 | 11 | 2 | 7 | 8 | |||||
Performance Ratios | ||||||||||
| ROA (%) | 7.4 | 65.7 | 63.5 | 13.7 | 17.8 | |||||
| ROE (%) | 0.0 | 432.3 | 81.2 | 14.5 | 18.8 | |||||
| ROCE (%) | 5.8 | 100.5 | 104.3 | 19.4 | 25.0 | |||||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 3.0 | 5.3 | |||||
The Company was incorporated as ‘Dharni Online Services Private Limited’ on November 12, 2015 as a Private Limited Company under the Companies Act, 2013 with the Registrar of Companies, Bangalore, Karnataka. Subsequently, the name of the Company was changed to “Dharni Capital Services Private Limited” vide Certificate of Incorporation pursuant to change of name dated March 28, 2022 issued by Registrar of Companies, Bangalore, Karnataka. Pursuant to a special resolution passed by the company’s shareholders in the Extra-Ordinary General Meeting held on April 26, 2022, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Dharni Capital Services Limited’, and a fresh certificate of incorporation dated May 17, 2022 was issued to the Company by the Registrar of Companies, Bangalore, Karnataka.
Dharni Capital Services offers diversified financial services such as Mutual Fund Distribution Services, Fixed Deposit Distribution Services, Real Estate Brokerage Services, Technical Consultancy and Outsourcing. The modus operandi is to counsel individual clients, understand their profile, needs and concerns, build customized financial investment portfolios, offers a comprehensive selection of investment alternatives that will suit their financial goals. It offers a technology enabled, comprehensive investment and financial services platform with end-to-end solutions critical for financial products distribution and presence across both online and offline channels. The company has become an important interface between asset management companies (AMCs) and Clients.
The company is an empaneled distributor with SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sunlife Mutual Fund, Nippon Mutual Fund, Kotak Mutual Fund, UTI Mutual Fund, Axis Mutual Fund and many more. The company is also registered with Karnataka RERA Authority as an Agent. The company is registered as a Real Estate Broker with large players like Prestige Estate Projects and Embassy Group. The company has recently taken the RERA registration. In this dynamic and extremely competitive business environment, it has developed a strong relationship with various customers. Its team has a combined experience of many years in the Real estate business, with its team members having worked with organizations like Salarpuria Sattva Group, Prestige Estates and Sobha in the past.
Business area of the company
The company is engaged in providing a variety of financial services. They offer their distinct services to the customers in the form of Mutual Fund Distribution Services, Fixed Deposit Distribution Services, Real Estate Brokerage Services and Technical Consultancy and Outsourcing.
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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