Dhruv Consultancy Services Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹38 Cr
- ROE
- -32.40%
- Price to sales
- 1.01
- Debt to equity
- 0.32
- 52W high / low
- ₹53.6 / ₹19.5
- Sales growth (5Y)
- -7.51%
- EBITDA margin
- -106.28%
- Net profit margin
- -66.41%
- Promoter holding
- 49.44%
- Sales (last year)
- ₹37 Cr
Incorporated in 2003, Dhruv Consultancy Services Ltd is a Project Management Consultancy firm that specializes in providing infrastructural solutions[1]
Guidance scorecard · Q1 FY27 call
What Dhruv Consultancy Services Ltd's management guided
and where it ranks in Commercial Services & Supplies
RevenueQ3 FY26 call
10–20%- The company aims for significant revenue growth, targeting a ₹1,000 crore order book by 2030.
- Monthly bidding is around ₹100 crore, with an expected strike rate of 20%-25%, contributing to future revenues.
- Current unexecuted order book is ₹256 crore, expected to grow and be realized over 2.5 to 3 years.
- Highways and road projects remain the primary revenue driver due to their large scale compared to sectors like airports and metros.
- Diversification into sectors like airports, metros, and railways is underway to build resilience and reduce sectorial dependency.
- Geographic expansion is planned, focusing on Indian and Middle Eastern markets (Saudi Arabia, GCC countries), with ongoing efforts in Africa.
2 more points from Dhruv Consultancy Services Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ3 FY26 call
FlatSee what Dhruv Consultancy Services Ltd said on margins — free account, 30 seconds.
CapexQ3 FY26 call
Planned- Dhruv Consultancy Services Limited is focused on strategic expansion, particularly internationally, including the Middle East (Saudi Arabia) and Africa (Mozambique and Ghana).
- The company is investing in geographic diversification to mitigate country-specific risks and political instability.
- They have hired specialized executives (e.g., airport executives retired from Maharashtra Airport Development Corporation) to enter new sectors like aviation consultancy.
- Investments are made in strengthening internal controls, governance, and financial systems such as SAP accounting to support larger scale operations.
2 more points from Dhruv Consultancy Services Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ3 FY26 call
See what Dhruv Consultancy Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ3 FY26 call
Rising- Current unexecuted order book stands at INR 256 crores with approximately 65 projects.
- Execution timeline for this order book is expected to be 2.5 to 3 years.
- Company is bidding for new orders worth around INR 350 crores over the past 4 months.
- Expected strike rate for new bids is approximately 20%-25%.
- The INR 256 crores order book is considered robust and expected to be realized in future quarters.
- Target to achieve INR 1,000 crores order book by 2030 remains, subject to market conditions.
2 more points from Dhruv Consultancy Services Ltd's call on the order book
Create a free account to keep reading this call
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 Commercial Services & Supplies
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Commercial Services & Supplies companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,470 Cr | 162.7 | |
| 2 | 40%+ | Up 2%+ | ₹41 Cr | 6.6 | |
| 3 | 40%+ | Flat | ₹556 Cr | 40.0 | |
| 4 | 40%+ | Flat | ₹102 Cr | 10.4 | |
| 5 | 20–40% | Up 2%+ | ₹3,473 Cr | 40.9 | |
| 6 | 20–40% | Up 0–2% | ₹872 Cr | 13.3 |
Sign up free to see every company in the sector ranking and track Dhruv Consultancy Services Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Commercial Services & Supplies rankingFinancials of Dhruv Consultancy Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dhruv Consultancy Services Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 21.02 | 11.32 | 22.89 | 22.60 | 24.69 | 19.70 | 32.67 | 21.99 | 27.60 | 21.04 | 19.23 | -5.69 | 8.32 |
| Expenses + | 19.89 | 8.75 | 18.80 | 17.89 | 22.22 | 17.20 | 28.97 | 18.08 | 23.12 | 17.83 | 17.28 | 23.74 | 17.00 |
| Operating Profit | 1.13 | 2.57 | 4.09 | 4.71 | 2.47 | 2.50 | 3.70 | 3.91 | 4.48 | 3.21 | 1.95 | -29.43 | -8.68 |
| OPM % | 5.38% | 22.70% | 17.87% | 20.84% | 10.00% | 12.69% | 11.33% | 17.78% | 16.23% | 15.26% | 10.14% | -104.33% | |
| Other Income + | 0.74 | 0.19 | 0.15 | 0.25 | 0.31 | 0.32 | 0.25 | 0.56 | 0.43 | 0.36 | 0.17 | 0.24 | 0.27 |
| Interest | 0.60 | 0.57 | 0.88 | 0.81 | 0.71 | 0.64 | 0.62 | 0.67 | 0.49 | 0.41 | 0.39 | 0.45 | 0.23 |
| Depreciation | 1.20 | 1.17 | 1.25 | 1.28 | 1.22 | 1.08 | 1.11 | 1.16 | 1.19 | 1.07 | 1.08 | 1.19 | 1.02 |
| Profit before tax | 0.07 | 1.02 | 2.11 | 2.87 | 0.85 | 1.10 | 2.22 | 2.64 | 3.23 | 2.09 | 0.65 | -30.83 | -9.66 |
| Tax % | -28.57% | 14.71% | 10.90% | 6.27% | 49.41% | 20.91% | 14.86% | 18.94% | 38.39% | 23.92% | -53.85% | 0.45% | -99.38% |
| Net Profit + | 0.09 | 0.88 | 1.88 | 2.70 | 0.43 | 0.88 | 1.89 | 2.15 | 1.99 | 1.60 | 1.01 | -30.97 | -0.06 |
| EPS in Rs | 0.06 | 0.58 | 1.24 | 1.78 | 0.27 | 0.55 | 1.00 | 1.13 | 1.05 | 0.84 | 0.53 | -16.33 | -0.03 |
Financials of Dhruv Consultancy Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 9 | 15 | 30 | 43 | 56 | 49 | 63 | 75 | 81 | 82 | 102 | 43 |
| Expenses + | 8 | 12 | 22 | 31 | 42 | 45 | 55 | 66 | 72 | 68 | 87 | 76 |
| Operating Profit | 2 | 3 | 8 | 12 | 15 | 4 | 9 | 9 | 9 | 14 | 15 | -33 |
| OPM % | 17% | 23% | 27% | 27% | 26% | 7% | 14% | 12% | 11% | 17% | 14% | -77% |
| Other Income + | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 0 | 1 | 2 | 2 | 3 | 2 | 1 | 1 | 2 | 3 | 3 | 1 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 5 | 4 |
| Profit before tax | 1 | 2 | 5 | 10 | 11 | 1 | 7 | 8 | 6 | 7 | 9 | -38 |
| Tax % | 41% | 42% | 35% | 32% | 31% | 25% | 32% | 27% | 15% | 14% | 24% | -25% |
| Net Profit + | 1 | 1 | 4 | 7 | 8 | 1 | 5 | 6 | 5 | 6 | 7 | -28 |
| EPS in Rs | 26.33 | 44.00 | 94.47 | 6.89 | 5.37 | 0.74 | 3.38 | 4.03 | 3.19 | 3.71 | 3.66 | -14.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 5% | 0% |
Financials of Dhruv Consultancy Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.30 | 0.30 | 0.38 | 10 | 14 | 14 | 14 | 14 | 15 | 16 | 19 | 19 |
| Reserves | 4 | 5 | 10 | 6 | 30 | 31 | 25 | 32 | 42 | 50 | 85 | 53 |
| Borrowings + | 5 | 8 | 14 | 20 | 13 | 10 | 10 | 12 | 19 | 20 | 18 | 28 |
| Other Liabilities + | 4 | 5 | 6 | 14 | 16 | 13 | 33 | 27 | 32 | 22 | 21 | 18 |
| Total Liabilities | 12 | 18 | 30 | 50 | 74 | 69 | 83 | 85 | 108 | 108 | 142 | 119 |
| Fixed Assets + | 1 | 3 | 5 | 7 | 8 | 5 | 5 | 7 | 17 | 14 | 11 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 11 | 15 | 25 | 43 | 65 | 63 | 77 | 78 | 91 | 95 | 131 | 107 |
| Total Assets | 12 | 18 | 30 | 50 | 74 | 69 | 83 | 85 | 108 | 108 | 142 | 119 |
Financials of Dhruv Consultancy Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | 5 | -11 | -0 | 3 | 4 | 2 | -2 | -14 | |||
| Cash from Investing Activity + | -3 | -1 | -2 | 2 | 0 | -6 | -6 | -3 | -3 | |||
| Cash from Financing Activity + | 1 | -0 | 13 | -3 | -1 | 1 | 8 | 4 | 25 | |||
| Net Cash Flow | 0 | 3 | 0 | -1 | 2 | -2 | 3 | -1 | 8 | |||
| Free Cash Flow | -1 | 3 | -13 | 1 | 2 | -3 | -5 | -5 | -18 | |||
| CFO/OP | 28% | 44% | -73% | -2% | 31% | 48% | 22% | 0% | -79% |
Financials of Dhruv Consultancy Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 209 | 220 | 180 | 218 | 226 | 226 | 158 | 65 | 80 | 108 | 102 | 181 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 209 | 220 | 180 | 218 | 226 | 226 | 158 | 65 | 80 | 108 | 102 | 181 |
| Working Capital Days | 172 | 141 | 66 | 102 | 222 | 255 | 161 | 151 | 166 | 182 | 240 | 356 |
| ROCE % | 23% | 28% | 39% | 40% | 29% | 5% | 16% | 17% | 11% | 12% | 11% | -33% |
Guidance history
How Dhruv Consultancy Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Dhruv Consultancy Services Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Commercial Services & Supplies this season
- Tridhya Tech (Q2 FY27)
Consolidated: ₹1,035.34 lakhs (down from ₹1,418.33 lakhs in Sep 30, 2025), approx. Key results statement takeaways from Tridhya Tech Ltd's Q2 FY27 results state
- Eleganz Interiors Ltd (Q2 FY27)
Revenue (Net Sales) for H1FY27: INR 2,000.6 Mn, up 80.2% YoY from INR 1,110.1 Mn in H1FY26 (Page 7). Key investor presentation takeaways from Eleganz Interiors
- Bombay Metrics (Q2 FY27)
Revenue from Operations for the half year ended 30th September 2026: ₹6,872.39 lakhs, compared to ₹4,681.20 lakhs for the same period in 2025, indicating a…
- Quess Corp Ltd (Q2 FY27)
Q2 FY27 consolidated revenue: ₹4,396 Cr, up 15% YoY (Page 4, 29, 32) . Key investor presentation takeaways from Quess Corp Ltd's Q2 FY27 investor presentation —