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Dharni Capital Services (BSE 543753)₹58.00+4.98%Financial Products Distributor
In the Mar 2026 quarter (consolidated), Dharni Capital Services reported sales of ₹5.11 Cr, up 41.6% from Mar 2025, and net profit of ₹2.36 Cr, up 18.6% year on year. For the year to Mar 2026, sales were ₹9.56 Cr and net profit ₹4.68 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 1.74 | 4.80 | 3.40 | 2.91 | 3.61 | 4.47 | 5.11 |
| Expenses | 1.12 | 3.16 | 2.16 | 1.81 | 2.14 | 3.13 | 3.23 |
| Operating Profit | 0.61 | 1.63 | 1.25 | 1.11 | 1.46 | 1.33 | 1.87 |
| OPM % | 35.9% | 34.3% | 37.0% | 38.4% | 40.9% | 30.1% | 36.9% |
| Other Income | 0.23 | 0.40 | 0.98 | 1.40 | 1.20 | 1.63 | 1.32 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 |
| Depreciation | 0.04 | 0.06 | 0.10 | 0.08 | 0.09 | 0.07 | 0.23 |
| Profit before tax | 0.80 | 1.99 | 2.13 | 2.45 | 2.56 | 2.88 | 2.94 |
| Tax % | 27.1% | 23.9% | 26.1% | 24.3% | 25.2% | 25.2% | 24.7% |
| Net Profit | 0.59 | 1.51 | 1.57 | 1.84 | 1.99 | 2.30 | 2.36 |
| EPS (Rs) | 0.28 | 0.74 | 0.77 | 0.90 | 0.97 | 1.12 | 1.16 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 4.99 | 9.55 | 9.10 | 9.56 |
| Expenses | 3.37 | 5.28 | 3.91 | 6.34 |
| Operating Profit | 1.61 | 4.29 | 5.18 | 3.21 |
| OPM % | 32.6% | 45.0% | 57.2% | 33.8% |
| Other Income | 0.03 | 0.02 | 0.04 | 2.96 |
| Interest | 0.00 | 0.00 | 0.02 | 0.06 |
| Depreciation | 0.06 | 0.18 | 0.19 | 0.28 |
| Profit before tax | 1.58 | 4.13 | 5.02 | 5.84 |
| Tax % | 25.1% | 24.8% | 25.0% | 24.9% |
| Net Profit | 1.18 | 3.10 | 3.84 | 4.68 |
| EPS (Rs) | 0.57 | 1.52 | 1.88 | 2.30 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2.04 | 2.04 | 2.03 | 2.03 |
| Reserves | 12.19 | 15.29 | 19.12 | 23.80 |
| Borrowings | 0.00 | 0.00 | 2.07 | 3.81 |
| Other Liabilities | 0.12 | 1.88 | 0.59 | 1.10 |
| Total Liabilities | 14.35 | 19.21 | 23.81 | 30.74 |
| Fixed Assets | 0.76 | 6.96 | 12.29 | 10.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.84 | 2.58 | 7.35 | 11.18 |
| Other Assets | 11.75 | 9.67 | 4.17 | 8.83 |
| Trade receivables | 0.02 | 0.13 | 0.27 | 0.49 |
| Cash & equivalents | 11.29 | 4.82 | 0.03 | 0.06 |
| Total Assets | 14.35 | 19.21 | 23.81 | 30.74 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | 1.10 | 3.49 | 0.29 | −1.21 |
| Cash from investing activity | −1.43 | −9.98 | −6.75 | 3.03 |
| Cash from financing activity | 10.75 | 0.00 | 1.68 | −1.78 |
| Net cash flow | 10.42 | −6.46 | −4.77 | 0.03 |
| Capex | 0.69 | 6.37 | 5.47 | 1.13 |
| Free cash flow | 0.44 | −2.85 | −5.17 | 0.06 |
| CFO / OP % | 69.0% | 81.0% | 6.0% | −38.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 2 | 6 | 11 | 19 |
| Cash conversion cycle | 2 | 6 | 11 | 19 |
| Working capital days | 23 | 113 | 140 | −122 |
| ROCE % | — | 26.3% | 25.0% | 22.4% |
For the Mar 2026 quarter, Dharni Capital Services reported sales of ₹5.11 Cr, up 41.6% year on year and net profit of ₹2.36 Cr, up 18.6% year on year. The operating margin was 36.9%.
Dharni Capital Services' sales for the year to Mar 2026 were ₹9.56 Cr.
Net profit for the year to Mar 2026 was ₹4.68 Cr. Earnings per share over the same trailing period were ₹2.30.
Dharni Capital Services reported borrowings of ₹3.81 Cr at Mar 2026, against cash and equivalents of ₹0.06 Cr.
Cash from operations was −₹1.21 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.06 Cr.