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DHP India (BSE 531306)₹499.55+0.13%Oil Equipment & Services
In the Mar 2026 quarter (standalone), DHP India reported sales of ₹25.24 Cr, up 28.0% from Mar 2025, and net profit of ₹4.09 Cr, down 93.7% year on year. For the year to Mar 2026, sales were ₹72.24 Cr and net profit ₹10.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.94 | 11.25 | 8.74 | 16.45 | 13.01 | 11.20 | 13.97 | 19.72 | 20.65 | 14.40 | 12.27 | 25.24 |
| Expenses | 13.15 | 10.68 | 8.38 | 13.59 | 11.21 | 10.19 | 11.90 | 15.80 | 15.40 | 12.02 | 10.74 | 18.23 |
| Operating Profit | 3.73 | 0.51 | 0.35 | 2.82 | 1.77 | 0.96 | 2.02 | 3.87 | 5.17 | 2.35 | 1.48 | 6.92 |
| OPM % | 22.0% | 4.6% | 3.9% | 17.2% | 13.5% | 8.6% | 14.5% | 19.6% | 25.1% | 16.2% | 12.1% | 27.4% |
| Other Income | 2.14 | 24.08 | 0.10 | 0.54 | 0.06 | 0.22 | 0.14 | 73.53 | 1.89 | 0.28 | 1.24 | 0.11 |
| Interest | 0.00 | 0.06 | 0.04 | 0.05 | 0.10 | 0.09 | 0.03 | 0.05 | 0.07 | 0.13 | 0.20 | 0.15 |
| Depreciation | 0.88 | 0.91 | 0.91 | 0.99 | 0.91 | 0.87 | 0.86 | 0.91 | 0.88 | 0.91 | 0.91 | 0.99 |
| Profit before tax | 5.00 | 23.75 | −0.49 | 2.35 | 0.83 | 0.25 | 1.30 | 76.78 | 6.15 | 1.60 | 1.64 | 5.91 |
| Tax % | 16.7% | 10.1% | −24.9% | 43.2% | 25.7% | 20.9% | 24.1% | 15.4% | 25.5% | 27.1% | 24.0% | 30.5% |
| Net Profit | 4.14 | 21.27 | −0.35 | 1.32 | 0.61 | 0.20 | 0.99 | 64.69 | 4.57 | 1.15 | 1.22 | 4.09 |
| EPS (Rs) | 13.78 | 70.65 | −1.19 | 4.41 | 2.06 | 0.62 | 3.26 | 214.89 | 15.15 | 3.85 | 4.09 | 13.62 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.12 | 47.10 | 52.12 | 67.21 | 56.14 | 70.22 | 120 | 109 | 53.13 | 58.15 | 72.24 | 72.56 |
| Expenses | 29.97 | 34.96 | 39.98 | 48.94 | 42.95 | 49.97 | 80.95 | 74.99 | 46.01 | 48.96 | 55.93 | 56.39 |
| Operating Profit | 6.99 | 11.99 | 12.01 | 18.01 | 12.99 | 21.01 | 39.01 | 33.99 | 6.99 | 9.01 | 16.01 | 15.92 |
| OPM % | 17.9% | 24.9% | 24.0% | 27.0% | 23.0% | 29.0% | 31.9% | 30.9% | 14.0% | 15.0% | 22.0% | 21.9% |
| Other Income | 1.99 | 4.99 | 5.99 | 0.99 | −4.99 | 9.98 | 9.99 | 0.99 | 26.96 | 73.89 | 3.99 | 3.52 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.55 |
| Depreciation | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 3.01 | 3.99 | 3.99 | 3.99 | 3.69 |
| Profit before tax | 6.02 | 15.06 | 16.04 | 17.05 | 6.02 | 28.11 | 46.17 | 32.13 | 31.09 | 79.25 | 15.05 | 15.30 |
| Tax % | 24.1% | 28.0% | 21.0% | 28.1% | 51.1% | 18.0% | 23.0% | 26.1% | 13.1% | 16.0% | 27.1% | — |
| Exceptional items | 1.99 | 1.99 | 0.99 | 0.99 | −2.99 | 6.98 | 0.00 | 0.00 | 22.93 | 59.81 | 0.00 | — |
| Net Profit | 4.99 | 11.01 | 12.99 | 11.99 | 2.99 | 22.98 | 36.01 | 23.01 | 25.98 | 66.94 | 10.99 | 11.03 |
| EPS (Rs) | 16.26 | 36.36 | 42.92 | 40.19 | 10.25 | 76.82 | 118.22 | 77.82 | 87.65 | 220.80 | 36.73 | 36.71 |
| Dividend payout % | 12.0% | 5.0% | 6.0% | 6.0% | 24.0% | 5.0% | 3.0% | 5.0% | 5.0% | 2.0% | 11.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.01 | 3.00 | 3.01 |
| Reserves | 29.05 | 33.05 | 44.09 | 56.10 | 68.13 | 66.12 | 106 | 147 | 171 | 215 | 235 | 235 |
| Borrowings | 4.01 | 3.01 | 2.01 | 3.01 | 3.01 | 2.01 | 1.01 | 0.00 | 0.00 | 5.02 | 4.00 | 7.02 |
| Other Liabilities | 3.01 | 4.02 | 4.02 | 4.01 | 4.02 | 6.03 | 10.05 | 11.05 | 7.04 | 11.05 | 7.97 | 6.03 |
| Total Liabilities | 39.08 | 42.09 | 52.13 | 66.13 | 79.17 | 76.17 | 120 | 162 | 181 | 234 | 250 | 250 |
| Fixed Assets | 13.05 | 12.03 | 12.04 | 12.05 | 15.03 | 10.04 | 10.03 | 18.07 | 26.07 | 26.06 | 29.09 | 26.09 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.01 | 0.00 | 0.00 | 0.00 |
| Investments | 9.04 | 15.07 | 25.10 | 33.11 | 43.16 | 39.14 | 76.33 | 87.30 | 116 | 170 | 0.00 | 184 |
| Other Assets | 16.99 | 14.99 | 14.99 | 20.97 | 20.98 | 25.99 | 32.98 | 54.90 | 37.98 | 36.97 | 221 | 39.95 |
| Inventories | 8.84 | 7.20 | 9.30 | 11.24 | 11.48 | 12.60 | 18.59 | 27.95 | 26.13 | 23.93 | 23.33 | 22.87 |
| Trade receivables | 4.12 | 4.42 | 3.82 | 4.58 | 6.90 | 3.87 | 8.94 | 20.24 | 3.84 | 7.52 | 7.16 | 9.71 |
| Cash & equivalents | 2.31 | 1.84 | 0.28 | 0.83 | 0.35 | 6.88 | 2.22 | 1.61 | 5.39 | 2.58 | 184 | 0.44 |
| Total Assets | 39.08 | 42.09 | 52.13 | 66.13 | 79.17 | 76.17 | 120 | 162 | 181 | 234 | 250 | 250 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 8.97 | 5.98 | 6.98 | 5.98 | 12.96 | 14.96 | 5.98 | 7.97 | 42.90 | 1.99 | −1.99 | 9.96 |
| Cash from investing activity | −8.97 | −4.98 | −6.97 | −5.98 | −11.96 | −5.97 | −8.97 | −6.97 | −37.85 | −7.97 | 185 | −194 |
| Cash from financing activity | 0.99 | −1.99 | −1.99 | 0.00 | −0.99 | −1.99 | −1.99 | −1.99 | −1.99 | 3.99 | −2.99 | 0.99 |
| Net cash flow | 0.00 | 0.00 | −2.01 | 1.01 | 0.00 | 7.01 | −5.01 | −1.01 | 4.01 | −3.01 | 182 | −184 |
| Capex | 2.99 | 0.99 | 0.99 | 0.99 | 3.99 | 1.99 | 1.99 | 11.98 | 9.98 | 2.99 | 5.99 | 0.99 |
| Free cash flow | 6.01 | 5.01 | 6.01 | 5.01 | 8.01 | 19.02 | 5.01 | −3.01 | 33.01 | −1.01 | −8.01 | 9.01 |
| CFO / OP % | 127.1% | 120.1% | 95.0% | 76.1% | 100.1% | 137.0% | 50.1% | 47.0% | 157.1% | 83.0% | 115.0% | 95.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 36 | 43 | 29 | 31 | 37 | 25 | 46 | 61 | 12 | 51 | 44 | 48 |
| Inventory days | 159 | 138 | 154 | 158 | 123 | 172 | 197 | 168 | 177 | 332 | 301 | 251 |
| Days payable | 21 | 23 | 25 | 17 | 22 | 46 | 34 | 20 | 8 | 22 | 46 | 24 |
| Cash conversion cycle | 174 | 157 | 158 | 172 | 137 | 150 | 209 | 209 | 181 | 361 | 299 | 275 |
| Working capital days | 64 | 65 | 72 | 88 | 68 | 68 | 115 | 135 | 92 | 170 | 153 | 1,040 |
| ROCE % | 26.1% | 13.0% | 30.0% | 28.1% | 24.1% | 18.1% | 22.1% | 36.1% | 20.1% | 2.0% | 3.0% | 6.0% |
For the Mar 2026 quarter, DHP India reported sales of ₹25.24 Cr, up 28.0% year on year and net profit of ₹4.09 Cr, down 93.7% year on year. The operating margin was 27.4%.
DHP India's sales for the year to Mar 2026 were ₹72.24 Cr; over the last twelve months they were ₹72.56 Cr.
Net profit for the year to Mar 2026 was ₹10.99 Cr, and ₹11.03 Cr over the last twelve months. Earnings per share over the same trailing period were ₹36.71.
DHP India reported borrowings of ₹7.02 Cr at Mar 2026, against cash and equivalents of ₹0.44 Cr.
Cash from operations was ₹9.96 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹9.01 Cr.