Dhanashree Electronics Share Price & Earnings Call Analysis

₹105.00-3.23% today

Market cap: ₹149 Cr
P/E: 43.32
ROE: 6.60%
PEG: 3.90
Price to sales: 1.37
Debt to equity: 0.80
52W high / low: ₹288 / ₹100
Sales growth (5Y): 22.12%
EBITDA margin: -0.68%
Net profit margin: 3.30%
Promoter holding: 74.59%
Sales (last year): ₹109 Cr

All 12 ratios ↓

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Up 2%+	₹66,283 Cr	16.5
2		40%+	Up 2%+	₹464 Cr	11.6
3		40%+	Up 0–2%	₹12,066 Cr	47.0
4		40%+	Up 0–2%	₹500 Cr	6.7
5		40%+	Flat	₹20,621 Cr	111.2
6		40%+	Flat	₹15,855 Cr	11.2

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Financials of Dhanashree Elect

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Dhanashree Elect

Quarterly Results

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	11.27	12.04	14.99	15.19	22.51	29.73	14.04	17.03	25.63	41.69	25.57	19.56	18.26
Expenses +	9.35	23.86	13.13	18.24	22.77	24.42	12.87	15.05	22.22	48.42	23.04	16.65	14.85
Operating Profit	1.92	-11.82	1.86	-3.05	-0.26	5.31	1.17	1.98	3.41	-6.73	2.53	2.91	3.41
OPM %	17.04%	-98.17%	12.41%	-20.08%	-1.16%	17.86%	8.33%	11.63%	13.30%	-16.14%	9.89%	14.88%	18.67%
Other Income +	0.06	15.24	0.01	5.04	3.01	0.44	0.01	0.63	0.01	12.37	0.01	0.06	0.00
Interest	1.28	1.59	1.03	0.70	1.59	3.11	0.55	1.67	1.86	3.41	0.97	1.80	2.30
Depreciation	0.12	0.11	0.14	0.16	0.15	0.15	0.17	0.17	0.18	0.17	0.20	0.21	0.21
Profit before tax	0.58	1.72	0.70	1.13	1.01	2.49	0.46	0.77	1.38	2.06	1.37	0.96	0.90
Tax %	3.45%	46.51%	24.29%	24.78%	25.74%	27.71%	17.39%	24.68%	25.36%	28.64%	22.63%	22.92%	22.22%
Net Profit +	0.57	0.91	0.53	0.84	0.75	1.80	0.38	0.58	1.04	1.47	1.05	0.74	0.71
EPS in Rs	0.40	0.64	0.37	0.59	0.53	1.27	0.27	0.41	0.73	1.04	0.74	0.52	0.50

Financials of Dhanashree Elect

Profit & Loss

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	9	21	31	34	54	44	46	41	46	49	82	98	105
Expenses +	8	19	27	27	46	35	37	35	39	55	78	99	103
Operating Profit	1	2	3	7	8	9	9	6	8	-6	4	-0	2
OPM %	15%	8%	11%	20%	15%	20%	19%	16%	16%	-12%	5%	-0%	2%
Other Income +	0	0	0	0	0	0	0	0	0	15	8	13	12
Interest	1	1	2	4	4	5	5	4	5	5	6	8	8
Depreciation	0	0	0	0	0	0	0	0	0	0	1	1	1
Profit before tax	0	0	1	2	3	3	3	2	3	4	5	5	5
Tax %	11%	79%	32%	26%	26%	19%	16%	18%	25%	27%	26%	26%
Net Profit +	0	0	1	2	2	3	3	2	2	3	4	3	4
EPS in Rs						1.78	1.87	1.18	1.39	1.90	2.76	2.44	2.80
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	4%

Financials of Dhanashree Elect

Balance Sheet

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	7	7	7	14	14	14	14	14	14	14	14	14	14
Reserves	2	2	3	6	9	11	14	16	18	20	24	28	30
Borrowings +	6	18	24	37	40	42	37	45	47	52	63	64	64
Other Liabilities +	3	3	10	8	10	7	16	14	9	11	22	38	28
Total Liabilities	18	30	44	65	73	74	82	88	88	98	124	144	135
Fixed Assets +	3	3	4	4	4	4	5	4	4	6	5	5	5
CWIP	3	3	4	4	4	4	3	3	2	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	12	23	36	57	64	66	74	80	81	92	118	139	131
Total Assets	18	30	44	65	73	74	82	88	88	98	124	144	135

Financials of Dhanashree Elect

Cash Flows

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	0	-11	-3	-20	9	4	9	-3	2	-15	-13	-7
Cash from Investing Activity +	-0	-0	-2	-1	-1	0	0	-0	1	14	8	13
Cash from Financing Activity +	-0	11	5	20	-8	-4	-10	4	-2	0	5	-6
Net Cash Flow	0	-0	-0	-1	-0	-0	0	0	1	-1	-1	1
Free Cash Flow	-0	-11	-5	-21	9	3	9	-4	3	-15	-13	-7
CFO/OP	16%	-646%	-94%	-302%	108%	50%	114%	-47%	37%	237%	-299%	3,740%

Financials of Dhanashree Elect

Ratios

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	191	163	195	309	177	203	219	256	196	175	151	196
Inventory Days	191	194	211	369	283	441	480	579	562	401	288	220
Days Payable	17	5	115	77	67	38	158	133	53	61	90	138
Cash Conversion Cycle	365	352	290	602	394	606	542	703	706	515	348	278
Working Capital Days	6	325	293	448	272	371	339	459	409	440	329	293
ROCE %	8%	7%	11%	14%	13%	13%	12%	9%	9%	11%	13%	12%

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