Dhani Services Ltd - Stock Valuation and Financial Performance

BSE: 532960 | NSE: DHANI | Finance - Stock Broking | Small Cap

Dhani Services Share Price

78.92 -0.06 -0.08%
as on 03-Dec'24 16:59

DeciZen - make an informed investing decision on Dhani Services

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Dhani Services stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
4,834.7 Cr.
52-wk low:
33.3
52-wk high:
80.9

Is Dhani Services Ltd an attractive stock to invest in?

1. Is Dhani Services Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhani Services Ltd is a average quality company.

2. Is Dhani Services Ltd undervalued or overvalued?

The key valuation ratios of Dhani Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Dhani Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Dhani Services Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Dhani Services:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dhani Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 30%9.1%12.2%7.2%3%5.2%0.5%0.5%1.7%0.9%-
Value Creation
Index
1.1-0.4-0.1-0.5-0.8-0.6-1.0-1.0-0.9-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 80.976.383.618414830630.444.510792.750
Sales YoY Gr.--5.6%9.5%120.7%-20%107.1%-90.1%46.8%139.4%-13%-
Adj EPS 4.50.61.51.11.44.8-0.3-0.40.4-0.2-0.8
YoY Gr.--87.2%153.5%-28.6%29.5%255.2%-106%NANA-158.5%-
BVPS (₹) 9.46.98.433.51019087.394.394.594.593.6
Adj Net
Profit
11816.947.148.677.4247-16.8-24.725.1-14.4-51
Cash Flow from Ops. 28.537.59.9-130189149-41.133.760.722.8-
Debt/CF from Ops. 14.515.861.2-7.62.82.5-10.115.69.521.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.5%-8.9%45.1%-13%
Adj EPS -172.2%-170.7%NA-158.5%
BVPS29.2%-1.3%2.7%0.1%
Share Price 12.1% -14% -22.9% 99.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
54.97.5205.32.14.8-0.4-0.50.4-0.3-0.9
Op. Profit
Mgn %
5253.343.15888.795.280.456.9100.282.648.4
Net Profit
Mgn %
146.222.156.326.352.480.7-55.2-55.523.6-15.5-103.7
Debt to
Equity
1.72.92.30.60.10.10.10.10.10.10
Working Cap
Days
8607097864071,2505933,8337,1484,6113,68038,560
Cash Conv.
Cycle
12115714867-40-134-1,055-115266-8635,612

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 45.11%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -54.87%

Latest Financials - Dhani Services Ltd.

Standalone Consolidated
TTM EPS (₹) -0.8 -4
TTM Sales (₹ Cr.) 49.6 414
BVPS (₹.) 93.6 44.3
Reserves (₹ Cr.) 5,609 2,590
P/BV 0.84 1.78
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 33.30 / 80.90
All Time Low / High (₹) 5.01 / 819.95
Market Cap (₹ Cr.) 4,835
Equity (₹ Cr.) 122.4
Face Value (₹) 2
Industry PE 25.2

Management X-Ray of Dhani Services:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dhani Services

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income205105152204153310354710995
Interest Income817684184148306304510793
Other Income 124286820545233
Expenditure 707893139595343655468
Interest Expense 26404360423835455452
Operating Expenses 413746721614410010
Provisions 2147114917
Exceptional Items 000000000-23
Profit Before Tax 13526596594257-8-18555
Taxes 16912171710973019
Profit After Tax 11817474977247-17-2525-14
Adjusted EPS (₹)4.50.61.51.11.44.8-0.3-0.40.4-0.2
Dividend Payout Ratio (%)66%521%68%0%73%67%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital2462022681,5845,8054,6805,0455,8035,7695,755
Share Capital 52596493113102115121122122
Reserves 1941432041,4925,6924,5784,9305,6825,6475,634
Minority Interest0000000000
Long Term Borrowings55-4154380235-49483563495
Current Liabilities 541723858963256115418784
Trade Payables0039642321
Short term borrowings4135906068318683413000
Other Liabilities-402-591-591-804-92-86-415-3-2-1
Total Liabilities 8029291,1392,7386,4415,0305,4146,2926,3396,254

Assets

Non Current Asset 3729801,3854,4404,7884,8264,9534,8845,777
Loan Asset 0000000000
Other Non Current Asset 3729801,3854,4404,7884,8264,9534,8845,777
Current Asset 7659011,0591,3522,0012415871,3401,456477
Current Investment0000000000
Other Current Asset7659011,0591,3522,0012415871,3401,456477
Total Assets 8029291,1392,7386,4415,0305,4146,2926,3396,254

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 293710-130189149-41346123
Cash Flow From Investing Activity 23647-11-1,239-3,656473-337-892-12242
Cash Flow From Financing Activity 10465431,6203,446-1,56050383841-83
Net Cash Flow 36814942251-21-938125-21-20-18
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)5111150000
DPS (₹)3310130000
BVPS (₹)978331019087949495

Performance Ratios

ROA (%)17.42.04.62.51.74.3-0.3-0.40.4-0.2
ROE (%)54.97.520.05.32.14.8-0.4-0.50.4-0.3
ROCE (%)30.09.112.27.23.05.20.50.51.70.9

Valuation Parameters

Price/Book(x)3.72.16.97.23.21.21.90.70.30.4

Dhani Services Ltd Stock News

Dhani Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dhani Services on 03-Dec-2024 16:59 is ₹78.92.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Dhani Services stood at ₹4,834.7.
The latest P/E ratio of Dhani Services as of 03-Dec-2024 16:59 is 0.00.
The latest P/B ratio of Dhani Services as of 03-Dec-2024 16:59 is 0.84.
The 52-week high of Dhani Services is ₹80.90 and the 52-week low is ₹33.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhani Services is ₹49.60 ( Cr.) .

About Dhani Services Ltd

Dhani Services limited (DSL) (formerly Indiabulls Ventures Limited), as an incorporated legal entity, came into existence on June 9, 1995, under the Companies Act, 1956. The name of the Company has been changed from 'Indiabulls Ventures Limited' to ‘Dhani Services Limited’ with effect from October 6, 2020 to align its business of providing technology enabled subscription based healthcare and transaction finance services, through its Dhani App.

The company is a technology business that operates through its app ‘Dhani’ and provides digital healthcare and transaction finance to its customers. For transaction finance, the company issue cards (virtual and physical) which come with embedded credit providing customers with daily transaction power (its customers don’t own a credit card).

DSL’s key subsidiaries include Dhani Loans and Services Limited (formerly Indiabulls Consumer Finance Limited), Indiabulls Asset Reconstruction Company Limited, Dhani Stocks Ltd ( earlier name was Indiabulls Securities), Indiabulls Investment Advisors Limited, Auxesia Soft Solutions Limited, Indiabulls Distribution Services Limited, Pushpanjli Finsolutions Limited, Devata Tradelink Limited, Arbutus Constructions Limited, Gyansagar Buildtech Limited, Savren Medicare Limited (formerly Savren Buildwell Limited), Dhani Healthcare Limited (formerly Pushpanjli Fincon Limited), Indiabulls Alternate Investments Limited, Indiabulls Infra Resources Limited, Indiabulls Consumer Products Limited, Transerv Limited, Dhani Health Middle East FZ LLC (Foreign company), Dhani Limited (Foreign company) and Dhani Ltd (Foreign company).

Business area of the company

The company provides customers with primary healthcare access over instant video calls with doctors. Customers can get access to primary medical care 24x7 on the app within 15 seconds. Doctor consultations and prescriptions are supplemented with unbranded medicines delivery at 50% discount. E-pharmacy provides customers with branded medicines at 25% discount, delivered to their doorsteps.

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