DHP India Ltd (DHPIND) · mywealthgrid

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About

DHP India Ltd operates in oil equipment and services within India's energy sector. At ₹153.92 Cr market cap, it is a small-cap company with 73.37% promoter backing. Positioned as an equipment supplier serving oil and energy infrastructure clients.

Face value: ₹10

Market cap

₹151 Cr

P/E

6.5×

P/B

0.6×

Dividend yield

0.8%

ROE

4.7%

ROCE

6.6%

Debt / equity

0.03

OPM

22%

EPS (TTM)

₹77.1

Book value

₹789.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapsed 71% from ₹25.43 Cr (Mar 2021) to ₹7.32 Cr (Jun 2020), suggesting high cycle or execution volatility; verify recent FY2026 results.
Operating margin compressed from 42.79% (Mar 2021) to 14.92% (current)—a 28-point swing. Verify if structural cost pressure or pricing headwind, and path to recovery.
Minimal institutional hold (FII 0%, DII 0.01%); small-cap liquidity and analyst coverage gaps.
Most recent disclosed financials are Mar 2021 (5 years old); results announced 2026-08-12 not shown. Latest earnings essential to assess current state.

Generated analysis · source review pending

Growth drivers

Balance-sheet strength (D/E 0.02) provides capacity for acquisitions or capex expansion; verify if management pursuing scale strategies.
Oil equipment services demand typically cycles with energy capex; verify if India's energy capex is accelerating and client budgets are expanding.
Earnings could show strong leverage to revenue growth if margins recover from current 14.92%; verify if compressed margins are cyclical or structural.

Generated analysis · source review pending

2,176 historical price candles were omitted because the exchange source has not been verified.

₹504.8+1.6%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 22%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 30.3×
+High promoter holding of 73.4% with no pledge

Cons

−Profit declined 13.7% a year over the last 5 years
−Modest revenue growth of 0.6% a year over the last 5 years
−Low dividend payout of 5.2% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 52
Growth: 33

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	32	47	53	68	56	70	120	109	53	58	72
COGS	-19	-22	-26	-34	-27	34	61	54	26	28	33
Gross profit	—	—	—	—	—	36	58	55	27	29	39
	50	57	67	85	70	15	20	22	19	21	23
	1	11	12	18	13	21	38	33	7	9	16
OPM %	3.8%	24.6%	22.4%	25.9%	23.1%	29.2%	32.1%	30.4%	13.9%	14.9%	22%
Depreciation	2	1	—	1	2	2	2	3	4	4	4
Interest	0	0	0	0	0	0	0	0	0	0	1
	2	4	6	2	2	10	10	2	27	74	4
Profit before tax	6	14	16	18	5	28	46	32	31	79	15
Tax	2	4	4	5	3	5	11	8	4	12	4
Tax %	24.2%	28.9%	21.4%	27.3%	63.7%	18.5%	23.3%	25.8%	13.5%	15.7%	27.5%
	5	10	13	13	2	23	36	23	26	67	11
PAT margin %	15.4%	20.7%	24.3%	18.9%	3.3%	32.9%	29.8%	21.5%	49.6%	115.2%	15.3%
EPS (₹)	16.4	—	43.1	43	33.9	77.1	118.7	78.1	—	—	36.9
EPS adjusted (₹)	—	—	—	—	—	77.1	118.7	78.1	88	221.8	36.9
	12.2%	—	5.8%	5.8%	7.4%	5.2%	3.4%	5.1%	—	—	10.9%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3	3	3	3	3	3
Reserves	—	147	170	214	235	234
	—	0	0	5	4	7
	—	11	7	11	8	6
Total equity & liabilities	—	162	180	233	250	249
	10	18	26	26	29	27
CWIP	—	2	1	—	—	—
Investments	—	87	116	169	0	183
	—	55	38	37	221	40
Total assets	—	162	180	233	250	249

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	8	43	2	-2	10
	-9	-7	-38	-8	186	-195
	-2	-2	-2	4	-3	1
Net cash flow	-5	-1	4	-3	182	-184
Free cash flow	5	-3	33	-1	-8	9
CFO / Operating profit %	29.9%	21.6%	130.9%	24.7%	-17.6%	63.9%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	51%	48.9%	50.4%	50.5%	51%	54%
EBITDA margin %	25.9%	23.1%	29.2%	32.1%	30.4%	13.9%	14.9%	22%
EBIT margin %	23.9%	20%	26.7%	30.4%	27.5%	7%	8.7%	16.9%
PAT margin %	18.9%	3.3%	32.9%	29.8%	21.5%	49.6%	115.2%	15.3%
Working capital
Receivable days	—	—	—	62	13	52	45	49
Inventory days	—	—	—	167	176	331	300	250
Payable days	—	—	—	20	8	21	46	24
NWC days	—	—	—	209	181	361	299	275
Leverage
Current ratio	—	—	—	16.06	34.72	21.05	18.68	17.56
Debt to EBITDA	—	—	—	0.01	0	0.69	0.46	0.41
Debt to equity	—	—	—	0	0	0.02	0.02	0.03
Interest coverage	111.8	67.9	335.5	1,161	1,054	255.3	344	30.3
Asset turnover	—	—	—	0.74	0.6	0.23	0.23	0.29
Return ratios
Return on assets %	—	—	—	22%	13%	11.3%	26.6%	4.4%
Return on capital employed %	—	—	—	30.4%	19.2%	15.4%	34.3%	6.6%
Return on equity %	—	—	—	23.7%	13.6%	12.2%	27.9%	4.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

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

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.42%	73.42%	73.42%	73.42%	73.42%	73.42%	73.37%	73.37%	73.37%	73.37%	73.37%	73.37%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.58%	26.58%	26.58%	26.58%	26.58%	26.58%	26.63%	26.63%	26.63%	26.63%	26.62%	26.62%
No. of shareholders	—	—	—	—	—	—	—	—	5,203	5,153	5,066	5,004

Promoter holding down 0.05 percentage points since Sep 2023.

Mr. ASHEESH DABRIWALExecutive Director-Chairperson-CEO-MD
Ashok Kumar SinghChief Financial Officer
Mr. JANAK BHARDWAJExecutive Director
Mrs. ANJUM DHANDHANIANon-Executive - Non Independent Director
Mr. RAJAT BANERJEENon-Executive - Independent Director-Shareholder Director
Mrs. ADITI BAGCHINon-Executive - Independent Director
Mr. SUBRATA HALDARNon-Executive - Independent Director
Mr. SURAJIT RAHANon-Executive - Independent Director
Ms. Suruchi TiwariCompany Secretary & Compliance Officer

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

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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.

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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 DHP India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

12 announcementsExport CSV

28 Aug 2026, 3:23 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	51%	48.9%	50.4%	50.5%	51%	54%
EBITDA margin %	25.9%	23.1%	29.2%	32.1%	30.4%	13.9%	14.9%	22%
EBIT margin %	23.9%	20%	26.7%	30.4%	27.5%	7%	8.7%	16.9%
PAT margin %	18.9%	3.3%	32.9%	29.8%	21.5%	49.6%	115.2%	15.3%
Working capital
Receivable days	—	—	—	62	13	52	45	49
Inventory days	—	—	—	167	176	331	300	250
Payable days	—	—	—	20	8	21	46	24
NWC days	—	—	—	209	181	361	299	275
Leverage
Current ratio	—	—	—	16.06	34.72	21.05	18.68	17.56
Debt to EBITDA	—	—	—	0.01	0	0.69	0.46	0.41
Debt to equity	—	—	—	0	0	0.02	0.02	0.03
Interest coverage	111.8	67.9	335.5	1,161	1,054	255.3	344	30.3
Asset turnover	—	—	—	0.74	0.6	0.23	0.23	0.29
Return ratios
Return on assets %	—	—	—	22%	13%	11.3%	26.6%	4.4%
Return on capital employed %	—	—	—	30.4%	19.2%	15.4%	34.3%	6.6%
Return on equity %	—	—	—	23.7%	13.6%	12.2%	27.9%	4.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deep Industries LimitedDEEPINDSDEEPINDS	₹4,794 Cr	₹4,997 Cr	₹970 Cr	₹382 Cr	39.9%	₹206 Cr	22.1%	16.7%	9.4%	198
Asian Energy Services LimitedASIANENEASIANENE	₹2,268 Cr	₹2,427 Cr	₹947 Cr	₹105 Cr	12.1%	₹58 Cr	6.6%	17.2%	11.5%	40
Oil Country Tubular LimitedOILCOUNTUBOILCOUNTUB	₹439 Cr	₹464 Cr	₹63 Cr	₹-3 Cr	6.5%	₹-65 Cr	-87.7%	-19.7%	-28.7%	635
DHP India LtdDHPINDDHPIND	₹151 Cr	₹158 Cr	₹70 Cr	₹21 Cr	22%	₹23 Cr	15.3%	6.6%	4.7%	275
Duke Offshore LtdDUKEOFSDUKEOFS	₹88 Cr	₹88 Cr	₹1 Cr	₹0 Cr	—	₹-1 Cr	—	-13.2%	-14.4%	—

Date	Category	Subject	Filing
28 Aug 2026, 3:23 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
20 Aug 2026, 3:28 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
13 Jul 2026, 3:09 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
10 Jul 2026, 11:28 am	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

DHP India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

15

1

Compounded sales growth

Compounded profit growth

Return on equity

DHP India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Dividends15

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

15

1