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Dhara Rail Projects (DHARARAIL)₹133.95+7.16%Diversified Commercial Services
In the Mar 2026 quarter (consolidated), Dhara Rail Projects reported sales of ₹28.01 Cr, up 3.6% from Mar 2025, and net profit of ₹8.01 Cr, up 166.1% year on year. For the year to Mar 2026, sales were ₹57.01 Cr and net profit ₹15.01 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|
| Sales | 27.03 | 27.99 | 28.01 |
| Expenses | 23.95 | 18.94 | 17.95 |
| Operating Profit | 2.99 | 9.98 | 9.99 |
| OPM % | 10.0% | 33.9% | 36.0% |
| Other Income | 1.01 | 0.00 | 1.01 |
| Interest | 0.00 | 1.01 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.01 | 10.02 | 11.02 |
| Tax % | 23.9% | 25.9% | 23.9% |
| Net Profit | 3.01 | 7.01 | 8.01 |
| EPS (Rs) | 300.03 | 6.39 | 5.58 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 27.02 | 31.01 | 44.05 | 57.01 |
| Expenses | 25.91 | 29.90 | 38.92 | 36.89 |
| Operating Profit | 0.99 | 0.99 | 4.99 | 19.98 |
| OPM % | 2.8% | 4.2% | 11.9% | 35.0% |
| Other Income | 1.01 | 3.01 | 4.01 | 2.01 |
| Interest | 0.00 | 0.00 | 0.00 | 1.01 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.01 | 4.01 | 9.01 | 21.04 |
| Tax % | 28.0% | 24.9% | 23.9% | 24.9% |
| Exceptional items | 0.00 | 0.99 | 2.01 | 0.00 |
| Net Profit | 1.01 | 3.01 | 7.01 | 15.01 |
| EPS (Rs) | 106.37 | 298.18 | 655.25 | 10.28 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.09 | 0.09 | 0.09 | 15.02 |
| Reserves | 3.01 | 6.01 | 13.03 | 59.11 |
| Borrowings | 22.98 | 27.99 | 21.00 | 13.01 |
| Other Liabilities | 8.04 | 13.07 | 12.06 | 12.06 |
| Total Liabilities | 34.02 | 47.06 | 46.08 | 99.20 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 13.98 | 13.98 | 0.00 | 0.00 |
| Other Assets | 20.04 | 33.08 | 46.08 | 99.20 |
| Inventories | 1.05 | 9.15 | 2.14 | 8.98 |
| Trade receivables | 4.74 | 5.86 | 20.96 | 27.15 |
| Cash & equivalents | 2.98 | 0.67 | 5.23 | 39.18 |
| Total Assets | 34.02 | 47.06 | 46.08 | 99.20 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −1.99 | −1.99 | −4.99 | −6.99 |
| Cash from investing activity | −1.99 | −5.98 | 16.94 | 4.98 |
| Cash from financing activity | 5.97 | 4.98 | −6.97 | 35.85 |
| Net cash flow | 3.01 | −2.01 | 5.01 | 34.10 |
| Capex | 0.00 | 0.01 | 0.02 | 0.03 |
| Free cash flow | −1.99 | −1.99 | −4.98 | −6.98 |
| CFO / OP % | −168.0% | −86.0% | −52.0% | −12.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 65 | 68 | 172 | 175 |
| Inventory days | 25 | 208 | 37 | 303 |
| Days payable | 152 | 231 | 141 | 229 |
| Cash conversion cycle | −62 | 45 | 68 | 249 |
| Working capital days | −248 | −245 | −49 | 158 |
| ROCE % | — | 8.0% | 19.0% | 36.0% |
For the Mar 2026 quarter, Dhara Rail Projects reported sales of ₹28.01 Cr, up 3.6% year on year and net profit of ₹8.01 Cr, up 166.1% year on year. The operating margin was 36.0%.
Dhara Rail Projects' sales for the year to Mar 2026 were ₹57.01 Cr.
Net profit for the year to Mar 2026 was ₹15.01 Cr. Earnings per share over the same trailing period were ₹10.28.
Dhara Rail Projects reported borrowings of ₹13.01 Cr at Mar 2026, against cash and equivalents of ₹39.18 Cr.
Cash from operations was −₹6.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹6.98 Cr.