Dharni Capital Services Ltd (DHARNI)

About

Dharni Capital Services Ltd operates in Financial Products Distributor within the Financials sector.

Face value: ₹1

Market cap

₹113 Cr

P/E

39.4×

P/B

4.9×

Dividend yield

0%

ROE

13.1%

ROCE

17.8%

Debt / equity

0.23

OPM

54.5%

EPS (TTM)

₹1.4

Book value

₹11.4

52-week high

—

52-week low

—

314 historical price candles were omitted because the exchange source has not been verified.

Only one verified price point is available. The trend chart will appear when more exchange closes are stored.

Quick read

rule-based

Pros

+High return on capital employed of 21.9%
+Healthy operating margin of 54.5%
+Profit CAGR of 33.9% over the last 3 years
+Comfortable interest coverage of 64.7×
+High promoter holding of 73.6% with no pledge

Cons

−Modest revenue growth of 5.8% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 73
Growth: 62
Valuation

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Anand Rathi Wealth LimitedANANDRATHIANANDRATHI	₹17,575 Cr	₹17,592 Cr	₹1,197 Cr	₹462 Cr	41.9%	₹465 Cr	34.6%	59.1%	47.4%	14
Prudent Corporate Advisory Services LimitedPRUDENTPRUDENT	₹12,913 Cr	₹12,913 Cr	₹1,371 Cr	₹332 Cr	23.6%	₹245 Cr	16.9%	—	28.6%	—
Dharni Capital Services LtdDHARNIDHARNI	₹113 Cr	₹118 Cr	₹6 Cr	₹3 Cr	54.5%	₹3 Cr	51.4%	17.8%	13.1%	9
Sodhani Capital LtdSODHACAPSODHACAP	₹56 Cr	₹56 Cr	₹5 Cr	₹3 Cr	67.9%	₹2 Cr	51.7%	17.7%	13.1%	—
Vedant Asset LtdVEDANTASSETVEDANTASSET	₹17 Cr	—	₹5 Cr	₹0 Cr	7.8%	₹0 Cr	8.4%	—	—	—

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Standalone figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5	8	6	6
	3	5	3	3
	1	3	3	3
OPM %	28.7%	36.6%	53.9%	54.5%
Depreciation	0	0	0	0
Interest	0	0	0	0
	0	1	1	1
Profit before tax	2	4	4	4
Tax	0	1	1	1
Tax %	25.6%	25.3%	24.8%	24.9%
	1	3	3	3
PAT margin %	25.3%	35.6%	53.6%	51.4%
EPS (₹)	0.8	1.4	1.6	1.4
EPS adjusted (₹)	0.6	1.4	1.6	1.4
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	2	2	2	2
Reserves	12	15	18	21
	0	0	0	5
	0	0	0	0
Total equity & liabilities	14	17	21	29
	1	1	1	2
CWIP	0	0	0	0
Investments	2	11	15	19
	12	6	5	8
Total assets	14	17	21	29

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	2	3	7
	-1	-12	-4	-7
	11	0	-0	-0
Net cash flow	10	-10	-1	0
Free cash flow	0	2	3	7
CFO / Operating profit %	82.2%	65%	87.7%	229%

Compounded sales growth

7 years: —
5 years: —
3 years: 6%
1 year: -8%

Compounded profit growth

7 years: —
5 years: —
3 years: 34%
1 year: -11%

Return on equity

7 years: —
5 years: —
3 years: 15%
Last year: 12%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

No ratio history

Ratios derive from annual statements, which haven't been ingested yet.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.64%	73.64%	73.64%	73.64%	73.64%	73.64%	73.64%	73.64%
FII	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%
	26.36%	26.36%	26.36%	26.36%	26.36%	26.36%	26.36%	26.36%
No. of shareholders	105	103	117	156	180	176	180	178

Promoter holding up 0 percentage points since Sep 2024.

Mr. Hemant DharnidharkaManaging Director
Ms. Preeti SaraogiNon-Executive Director
Mr. Jaideep MittraIndependent Director
Mrs. Dharni Capital Services LtdNon - Executive Independent Director
Mrs. Shenaz Zoobin BapoojiNon - Executive Independent Director
Ms. Disha JainCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Dharni Capital Services Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

9

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

No events on record

Corporate actions, results dates and filings will appear here once ingested.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

4 announcementsExport CSV

18 Sept 2026, 1:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

18 Sept 2026, 1:12 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

18 Sept 2026, 1:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

18 Sept 2026, 1:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
18 Sept 2026, 1:16 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
18 Sept 2026, 1:12 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Loading announcements…

Dharni Capital Services Ltd

About

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

No ratio history

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

No events on record

Announcements

No ratio history

No events on record

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Not in the F&O segment

Quarterly record

Board and management