DHP India Share Price & Earnings Call Analysis

Financials of DHP India

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

Financials of DHP India

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +17.9015.2716.8811.218.7116.4112.9811.1713.9419.6720.6014.3712.24
Expenses +13.0912.5913.1610.698.3713.5811.2210.2011.9115.8115.4212.0310.75
Operating Profit4.812.683.720.520.342.831.760.972.033.865.182.341.49
OPM %26.87%17.55%22.04%4.64%3.90%17.25%13.56%8.68%14.56%19.62%25.15%16.28%12.17%
Other Income +0.12-0.292.1524.100.110.550.070.230.1573.641.900.291.25
Interest0.000.000.000.050.030.040.090.080.020.040.060.120.19
Depreciation0.810.930.890.900.901.000.920.880.870.920.890.920.92
Profit before tax4.121.464.9823.67-0.482.340.820.241.2976.546.131.591.63
Tax %25.24%38.36%16.67%10.05%-25.00%43.16%25.61%20.83%24.03%15.40%25.45%27.04%23.93%
Net Profit +3.080.904.1521.29-0.361.330.620.190.9864.754.561.161.23
EPS in Rs10.273.0013.8370.97-1.204.432.070.633.27215.8315.203.874.10

Financials of DHP India

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +5041374752675670120109535867
Expenses +38313035404943508175464954
Operating Profit1297121218132139347913
OPM %24%23%18%25%24%27%23%29%32%31%14%15%19%
Other Income +112561-510101277477
Interest0000000000000
Depreciation1221112223444
Profit before tax11961516176284632317986
Tax %33%33%24%28%21%28%51%18%23%26%13%16%
Net Profit +7651113123233623266772
EPS in Rs24.6719.2316.3336.5043.1040.3710.3077.13118.7078.1088.00221.77239.00
Dividend Payout %6%8%12%5%6%6%24%5%3%5%5%2%

Financials of DHP India

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital3333333333333
Reserves23293344566866106147170214235240
Borrowings +2432332100549
Other Liabilities +4344446101171185
Total Liabilities33394252667976120162180233250257
Fixed Assets +12131212121510101826262928
CWIP0000000121000
Investments29152533433976871161690200
Other Assets +191715152121263355383722130
Total Assets33394252667976120162180233250257

Financials of DHP India

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +69676131568432-2
Cash from Investing Activity +-5-9-5-7-6-12-6-9-7-38-8186
Cash from Financing Activity +01-2-20-1-2-2-2-24-3
Net Cash Flow1-0-0-21-07-5-14-3182
Free Cash Flow265658195-333-1-8
CFO/OP75%127%120%95%76%100%137%50%47%157%83%115%

Financials of DHP India

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days393744303238264762135245
Inventory Days113158137153157122171196167176331300
Days Payable24212325172246342082246
Cash Conversion Cycle128174157158172137150209209181361299
Working Capital Days7665667389696911613693171154
ROCE %46%26%13%30%28%24%18%22%36%20%2%3%

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