Dhanashree Electronics Ltd - Stock Valuation and Financial Performance

BSE: 542679 | NSE: | Electric Equipment | Small Cap

Dhanashree Electro. Share Price

59.50 -2.25 -3.64%
as on 08-Nov'24 00:00

DeciZen - make an informed investing decision on Dhanashree Electro.

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Dhanashree Electronics stock performance -

mw4me loader
P/E Ratio (SA):
21.58
Market Cap:
84.4 Cr.
52-wk low:
48
52-wk high:
104.9

Is Dhanashree Electronics Ltd an attractive stock to invest in?

1. Is Dhanashree Electronics Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dhanashree Electronics Ltd is a below average quality company.

2. Is Dhanashree Electronics Ltd undervalued or overvalued?

The key valuation ratios of Dhanashree Electronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Dhanashree Electronics Ltd a good buy now?

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

10 Year X-Ray of Dhanashree Electro.:

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.
Dhanashree Electronics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.4%7.2%10.9%14.4%13%13.1%12.5%8.7%9.4%10.8%-
Value Creation
Index
-0.4-0.5-0.20.0-0.1-0.1-0.1-0.4-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 920.930.6345443.845.842.44849.482
Sales YoY Gr.-131.3%46.2%11.3%58.8%-18.8%4.5%-7.4%13.1%3%-
Adj EPS 0.20.11.11.31.71.81.91.21.422.8
YoY Gr.--35.3%900%17.3%34.1%2.9%5.6%-38.3%18.1%48.9%-
BVPS (₹) 13.213.414.514.516.21819.921.122.424.327.4
Adj Net
Profit
0.10.10.71.82.52.52.71.71.92.94
Cash Flow from Ops. 0.2-10.9-3.2-20.48.63.79.2-3.42.1-15.1-
Debt/CF from Ops. 27-1.6-7.7-1.84.611.34-12.922.6-3.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.8%-1.8%2.5%3%
Adj EPS 31.8%3.4%2.8%48.9%
BVPS7%8.5%7%8.5%
Share Price - - 62.2% -8.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.30.87.912.111.310.49.95.76.38.710.7
Op. Profit
Mgn %
15.18.11119.914.819.918.815.215.8-11.510
Net Profit
Mgn %
1.20.42.45.44.65.85.83.94.15.94.8
Debt to
Equity
0.722.51.81.71.61.31.51.51.5-
Working Cap
Days
46830635247440253555065760663087
Cash Conv.
Cycle
29822422734730942740848248748856

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.70%

Sales growth is good in last 4 quarters at 60.51%

Sales growth has been subdued in last 3 years 2.53%

Net Profit has been subdued in last 3 years 2.76%

Debt to equity has increased versus last 3 years average to 1.51

Latest Financials - Dhanashree Electronics Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 -
TTM Sales (₹ Cr.) 82.4 -
BVPS (₹.) 27.4 -
Reserves (₹ Cr.) 25 -
P/BV 2.17 -
PE 21.58 -
From the Market
52 Week Low / High (₹) 48.03 / 104.90
All Time Low / High (₹) 11.35 / 104.90
Market Cap (₹ Cr.) 84.4
Equity (₹ Cr.) 14.2
Face Value (₹) 10
Industry PE 94.3

Management X-Ray of Dhanashree Electro.:

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 Dhanashree Electro.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales9.0320.8930.5533.9953.9643.8345.8142.4247.9649.38
Operating Expenses 7.6719.2027.2027.2345.9835.1237.2235.9740.4155.33
Manufacturing Costs0.180.200.160.602.581.722.902.903.433.21
Material Costs5.4316.1422.5120.1637.6827.5529.5127.6430.8941.19
Employee Cost 0.891.172.452.452.392.712.501.962.162.52
Other Costs 1.161.692.084.013.343.142.313.473.938.41
Operating Profit 1.361.693.366.767.988.728.596.457.55-5.96
Operating Profit Margin (%) 15.1%8.1%11.0%19.9%14.8%19.9%18.8%15.2%15.8%-12.1%
Other Income 0.060.220.250.160.170.120.090.120.1115.33
Interest 1.031.172.234.104.475.345.104.064.595.27
Depreciation 0.210.410.300.350.380.370.410.490.430.46
Exceptional Items 0000000000
Profit Before Tax 0.180.341.082.473.303.133.172.022.643.66
Tax 0.070.260.340.630.830.600.510.360.670.97
Profit After Tax 0.110.070.741.842.462.522.661.671.972.69
PAT Margin (%) 1.2%0.4%2.4%5.4%4.6%5.8%5.8%3.9%4.1%5.4%
Adjusted EPS (₹)0.20.11.11.31.71.81.91.21.41.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8.848.969.7020.542325.5428.2029.8731.8434.53
Share Capital 6.696.696.6914.1914.1914.1914.1914.1914.1914.19
Reserves 2.152.273.016.358.8111.3514.0115.6817.6520.34
Minority Interest0000000000
Debt6.0317.8624.1836.9239.5341.6236.9144.5446.9952.12
Long Term Debt0016.3031.4727.8828.9723.5330.9829.2833.85
Short Term Debt6.0317.867.885.4511.6512.6513.3813.5617.7218.26
Trade Payables0.300.227.104.236.872.8712.7710.044.467.21
Others Liabilities 3.402.552.743.363.143.713.633.684.453.67
Total Liabilities 18.5729.5943.7265.0472.5473.7581.5288.1387.7497.53

Fixed Assets

Gross Block6.766.978.224.819.029.2810.1710.4710.4212.86
Accumulated Depreciation3.6444.190.354.865.245.656.146.476.93
Net Fixed Assets3.132.974.034.464.164.054.524.333.955.93
CWIP 3.313.313.673.953.953.953.313.312.220
Investments 0.090.090.090.090.090.090.090.090.090.09
Inventories3.448.561320.3929.2333.3038.8243.8447.5847.23
Trade Receivables4.739.3316.2828.7726.2324.3827.4728.9025.0223.67
Cash Equivalents 0.100.090.071.020.990.600.620.641.910.67
Others Assets3.775.246.586.367.897.406.697.016.9819.94
Total Assets 18.5729.5943.7265.0472.5473.7581.5288.1387.7497.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.22-10.92-3.15-20.408.633.709.18-3.442.08-15.06
PBT 0.180.341.082.473.303.133.172.022.643.66
Adjustment 0.761.151.854.174.625.505.214.394.67-9.86
Changes in Working Capital -0.71-12.41-6.08-27.030.72-4.321.42-9.47-4.53-7.89
Tax Paid 00000-0.62-0.62-0.39-0.70-0.97
Cash Flow From Investing Activity -0.20-0.07-1.58-1.10-0.640.150.36-0.381.2113.74
Capex -0.24-0.27-1.78-1.06-0.07-0.26-0.25-0.301.04-0.21
Net Investments 0000000000
Others 0.040.200.20-0.04-0.570.410.61-0.080.1713.95
Cash Flow From Financing Activity 0.0210.994.7220.18-8.02-4.24-9.523.85-2.020.07
Net Proceeds from Shares 0009000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.58-0.85-1.60-3.93-4.33-5.22-4.87-3.93-4.28-4.96
Dividend Paid 0000000000
Others 0.6011.836.3215.11-3.690.98-4.667.772.265.03
Net Cash Flow 0.04-0.01-0.02-1.32-0.03-0.390.020.021.27-1.25
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.260.847.9112.1511.3110.399.95.746.388.1
ROCE (%)8.367.2110.914.3812.9513.0512.518.729.4410.78
Asset Turnover Ratio0.50.870.830.650.780.60.590.50.550.53
PAT to CFO Conversion(x)2-156-4.26-11.093.511.473.45-2.061.06-5.6
Working Capital Days
Receivable Days197123153234186211207243205180
Inventory Days118105129173168260287356348350
Payable Days256591035465971518652

Dhanashree Electronics Ltd Stock News

Dhanashree Electronics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dhanashree Electro. on 08-Nov-2024 00:00 is ₹59.50.
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 08-Nov-2024 00:00 the market cap of Dhanashree Electro. stood at ₹84.43.
The latest P/E ratio of Dhanashree Electro. as of 08-Nov-2024 00:00 is 21.58.
The latest P/B ratio of Dhanashree Electro. as of 08-Nov-2024 00:00 is 2.17.
The 52-week high of Dhanashree Electro. is ₹104.9 and the 52-week low is ₹48.03.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhanashree Electro. is ₹82.42 ( Cr.) .

About Dhanashree Electronics Ltd

Dhanashree Electronics Ltd is engaged in the manufacture of Rashmi / LTS brand chokes, patty, industrial and decorative fittings, etc. The products are manufactured under strict control. The maintained quality of the product has the ready market acceptability and reputed for its standard over four decades. Constant effort are always given to maintain the quality of the products and to improve the product through new innovations in the technology in order to give the latest technological development to the end user at affordable price.

This establishment is registered with the small scale industries and enjoying the status of SSI. Apart from this it is also registered with NSIC. Recently due to their maintained quality the establishment has got ISI for their 40W Copper Ballast.

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