Dharan Infra-EPC Q1 FY19 Share Price & Earnings Call Analysis
- Market cap
- ₹63 Cr
- ROE
- -4.30%
- Price to sales
- 10.34
- Debt to equity
- 0.07
- 52W high / low
- ₹0.54 / ₹0.11
- EBITDA margin
- -586.16%
- Net profit margin
- -213.12%
- Promoter holding
- 0.83%
- Sales (last year)
- ₹6 Cr
Incorporated in 2007, Dharan Infra-EPC Ltd is in the business of real estate construction, development, civil contracts (EPC) and other related activities[1]
Guidance scorecard · Q1 FY19 call
What Dharan Infra-EPC Ltd's management guided
and where it ranks in Realty
RevenueQ1 FY19 call
10–20%- Karda Constructions anticipates a minimum real estate market growth of 10-15% per annum in Nasik.
- The company expects sales momentum to continue, already having booked 75 units in Q1 FY19.
- Upcoming festive seasons like Ganesh Chaturthi, Diwali, and Navaratri are expected to drive further sales growth.
- Expansion plans focus on areas connected to Nasik, such as Igatpuri, Manmad, Aurangabad, Dhule, Mumbai, and Pune.
- Approximately Rs. 625 crore worth of construction area is under progress with Rs. 300 crore sales yet to be booked.
- About 60% of units under construction are completed; projects expected to be finished within 2 to 2.5 years.
2 more points from Dharan Infra-EPC Ltd's call on revenue
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MarginsQ1 FY19 call
FlatSee what Dharan Infra-EPC Ltd said on margins — free account, 30 seconds.
CapexQ1 FY19 call
Planned- Karda Constructions Limited is planning near-future expansion focused close to Nasik.
- Expansion areas include connected regions such as Igatpuri, Manmad, and vicinity towards Aurangabad, Dhule, Mumbai, and Pune.
- The company is continuing with ongoing projects, with Rs. 625 crore construction area under progress and Rs. 300 crore sales yet to be booked.
FundraisingQ1 FY19 call
See what Dharan Infra-EPC Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY19 call
- Rs. 625 crore construction area is currently under construction.
- Total sales yet to be booked from these projects amount to Rs. 300 crore.
- Approximately 60% units are completed.
- Completion timeline for ongoing projects is around 2 to 2.5 years.
- Majority of projects have received completion certificates.
2 more points from Dharan Infra-EPC Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- Strong growth1
- Man Infraconstruction LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹12,035 Cr | 41.1 | |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Realty rankingFinancials of Dharan Infra-EPC Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dharan Infra-EPC Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 13.55 | 17.73 | 62.50 | 9.71 | -4.52 | 12.58 | 12.55 | 9.33 | 6.20 | 1.09 | 1.37 | 0.11 | 3.50 |
| Expenses + | 9.07 | 22.18 | 69.57 | 21.42 | 8.98 | 45.70 | 19.37 | 23.11 | 6.42 | 25.23 | 2.84 | 8.58 | 5.00 |
| Operating Profit | 4.48 | -4.45 | -7.07 | -11.71 | -13.50 | -33.12 | -6.82 | -13.78 | -0.22 | -24.14 | -1.47 | -8.47 | -1.50 |
| OPM % | 33.06% | -25.10% | -11.31% | -120.60% | -263.28% | -54.34% | -147.70% | -3.55% | -2,214.68% | -107.30% | -7,700.00% | -42.86% | |
| Other Income + | 0.29 | 1.84 | 12.07 | 1.52 | 14.36 | 10.61 | 2.59 | 1.16 | 1.74 | 1.02 | 1.07 | 0.97 | 0.02 |
| Interest | 3.64 | 3.37 | 2.89 | 3.19 | 2.81 | 6.48 | 1.27 | 2.76 | 1.91 | -3.13 | 2.04 | 0.83 | 2.69 |
| Depreciation | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 1.10 | -6.01 | 2.08 | -13.41 | -1.98 | -29.05 | -5.53 | -15.41 | -0.42 | -20.02 | -2.46 | -8.35 | -4.19 |
| Tax % | 7.27% | -3.66% | 3.85% | 0.00% | 0.00% | -0.03% | 0.36% | 0.00% | 0.00% | 0.05% | 0.41% | 0.00% | 0.00% |
| Net Profit + | 1.01 | -5.80 | 1.99 | -13.41 | -1.98 | -29.04 | -5.55 | -15.41 | -0.43 | -20.03 | -2.47 | -8.36 | -4.19 |
| EPS in Rs | 0.01 | -0.05 | 0.01 | -0.08 | -0.01 | -0.15 | -0.03 | -0.06 | -0.00 | -0.04 | -0.00 | -0.02 | -0.01 |
Financials of Dharan Infra-EPC Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 129 | 102 | 91 | -27 | -21 | 6 |
| Expenses + | 94 | 73 | 94 | 27 | 19 | 42 |
| Operating Profit | 35 | 29 | -3 | -53 | -40 | -36 |
| OPM % | 27% | 28% | -4% | -259% | -220% | -586% |
| Other Income + | 8 | 10 | 12 | 28 | 5 | 3 |
| Interest | 15 | 14 | 13 | 11 | 4 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 28 | 24 | -4 | -37 | -38 | -35 |
| Tax % | 27% | 28% | 1% | 0% | 0% | |
| Net Profit + | 20 | 17 | -4 | -37 | -38 | -35 |
| EPS in Rs | 0.16 | 0.14 | -0.03 | -0.17 | -0.07 | -0.07 |
| Dividend Payout % | 3% | 0% | 0% | 0% | 0% |
Financials of Dharan Infra-EPC Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 12 | 62 | 67 | 110 | 261 | 261 |
| Reserves | 111 | 78 | 867 | 800 | 620 | 685 |
| Borrowings + | 92 | 89 | 126 | 76 | 64 | 68 |
| Other Liabilities + | 99 | 98 | 69 | 107 | 113 | 196 |
| Total Liabilities | 314 | 327 | 1,128 | 1,093 | 1,059 | 1,211 |
| Fixed Assets + | 1 | 1 | 1 | 1 | 1 | 1 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 56 | 29 | 683 | 24 | 16 | 21 |
| Other Assets + | 257 | 297 | 444 | 1,068 | 1,042 | 1,189 |
| Total Assets | 314 | 327 | 1,128 | 1,093 | 1,059 | 1,211 |
Financials of Dharan Infra-EPC Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 35 | -20 | -163 | 68 | 17 |
| Cash from Investing Activity + | -2 | 37 | -654 | 664 | 10 |
| Cash from Financing Activity + | -32 | -17 | 821 | -47 | -16 |
| Net Cash Flow | 0 | 0 | 3 | 686 | 11 |
| Free Cash Flow | 34 | -20 | -163 | 68 | 17 |
| CFO/OP | 108% | -49% | 5,039% | -128% | -42% |
Financials of Dharan Infra-EPC Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 163 | 299 | 343 | -1,145 | -1,440 |
| Inventory Days | -1,972 | -2,747 | |||
| Days Payable | |||||
| Cash Conversion Cycle | 163 | 299 | 343 | -3,118 | -4,188 |
| Working Capital Days | 321 | 513 | 886 | 3,033 | 3,807 |
| ROCE % | 17% | 1% | -3% | -4% |
Continue your research
What Dharan Infra-EPC Ltd's management said in earlier quarters
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