Dreamfolks Services Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹310 Cr
- ROE
- 3.76%
- Price to sales
- 0.89
- Debt to equity
- 0.04
- 52W high / low
- ₹135 / ₹56.3
- Sales growth (5Y)
- 44.29%
- EBITDA margin
- -12.79%
- Net profit margin
- 1.76%
- Promoter holding
- 65.72%
- Sales (last year)
- ₹351 Cr
Guidance scorecard · Q1 FY27 call
What Dreamfolks Services Ltd's management guided
RevenueQ1 FY27 call
10–20%- Focus on scaling the global lounge network and expanding railway lounge network through subsidiary Ten11 Hospitality.
- Growth in new client programs and network expansion, especially in global volumes.
- Increasing contribution from non-lounge services, which accounted for ~33% of topline this quarter.
- Expansion beyond traditional airport lounges to broader travel and lifestyle benefits.
- Expected INR 500 crores opportunity from railway lounges over 4-5 years driven by Indian railway modernization.
- Diversifying offerings like golf and lifestyle benefits, with 80+ golf outlets in India and 860+ internationally.
- Launch of membership programs (DF Club) showing steady growth, indicating a future direct-to-consumer channel.
2 more points from Dreamfolks Services Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
Up 2%+See what Dreamfolks Services Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current capex primarily relates to railway lounges, with investments ranging from INR1.5 crores to INR5-6 crores per lounge depending on size and location.
- Additional capital outlays include security deposits and initial advances to railways for lounge establishments.
- Current focus is on scaling existing business and recovering from structural market changes.
- The acquisition of a Dubai-based company (ETT) was completed earlier, but no further Middle East expansion is being pursued currently due to geopolitical issues.
2 more points from Dreamfolks Services Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
See what Dreamfolks Services Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Dreamfolks highlighted challenges in the Middle East market due to the ongoing war which has impacted traffic and business volume.
- The company has gained several new customers in the APAC region, including major banks in Singapore and Indonesia, with new programs going live soon.
- Due to the conflict in the Middle East, expansion and movement in that region have slowed despite acquiring Dubai-based company ETT.
2 more points from Dreamfolks 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
This quarter's potential multibaggers
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.
Financials of Dreamfolks Services Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dreamfolks Services Ltd
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 + | 204.00 | 237.75 | 266.32 | 282.49 | 305.06 | 281.14 | 320.80 | 316.86 | 340.07 | 314.16 | 348.95 | 205.52 | 53.45 |
| Expenses + | 177.95 | 204.04 | 248.70 | 258.19 | 277.69 | 256.50 | 297.92 | 293.78 | 317.12 | 294.13 | 322.01 | 193.56 | 67.59 |
| Operating Profit | 26.05 | 33.71 | 17.62 | 24.30 | 27.37 | 24.64 | 22.88 | 23.08 | 22.95 | 20.03 | 26.94 | 11.96 | -14.14 |
| OPM % | 12.77% | 14.18% | 6.62% | 8.60% | 8.97% | 8.76% | 7.13% | 7.28% | 6.75% | 6.38% | 7.72% | 5.82% | -26.45% |
| Other Income + | 0.65 | 1.38 | 1.07 | 0.52 | 0.68 | 1.06 | 1.75 | 0.77 | 1.95 | 4.09 | 2.57 | 4.11 | 5.67 |
| Interest | 0.28 | 0.17 | 0.21 | 0.26 | 0.29 | 0.34 | 0.29 | 0.84 | 0.39 | 2.26 | 0.23 | 0.23 | 0.24 |
| Depreciation | 0.88 | 0.92 | 0.86 | 0.92 | 0.97 | 0.96 | 0.90 | 0.93 | 0.99 | 1.02 | 0.79 | 0.81 | 0.97 |
| Profit before tax | 25.54 | 34.00 | 17.62 | 23.64 | 26.79 | 24.40 | 23.44 | 22.08 | 23.52 | 20.84 | 28.49 | 15.03 | -9.68 |
| Tax % | 25.72% | 25.59% | 26.45% | 25.25% | 25.23% | 26.31% | 26.83% | 27.45% | 27.98% | 28.36% | 25.38% | 25.28% | -18.80% |
| Net Profit + | 18.98 | 25.30 | 12.96 | 17.67 | 20.03 | 17.98 | 17.15 | 16.03 | 16.94 | 14.93 | 21.27 | 11.22 | -7.86 |
| EPS in Rs | 3.63 | 4.84 | 2.45 | 3.37 | 3.80 | 3.40 | 3.24 | 3.03 | 3.23 | 2.80 | 3.99 | 2.11 | -1.48 |
Financials of Dreamfolks Services Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 248 | 367 | 106 | 282 | 773 | 1,135 | 1,292 | 922 |
| Expenses + | 225 | 322 | 106 | 260 | 674 | 1,041 | 1,203 | 877 |
| Operating Profit | 23 | 45 | -0 | 23 | 99 | 94 | 89 | 45 |
| OPM % | 9% | 12% | -0% | 8% | 13% | 8% | 7% | 5% |
| Other Income + | 0 | 1 | 2 | 1 | 3 | 3 | 9 | 16 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 4 | 3 |
| Depreciation | 1 | 2 | 2 | 2 | 4 | 4 | 4 | 4 |
| Profit before tax | 22 | 44 | -0 | 20 | 97 | 92 | 90 | 55 |
| Tax % | 30% | 27% | 625% | 21% | 26% | 26% | 28% | |
| Net Profit + | 15 | 32 | -1 | 16 | 73 | 69 | 65 | 40 |
| EPS in Rs | 32.15 | 66.69 | -3.05 | 3.11 | 13.88 | 13.01 | 12.28 | 7.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 15% | 0% |
Financials of Dreamfolks Services Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 10 | 10 | 11 | 11 | 11 |
| Reserves | 29 | 61 | 60 | 72 | 146 | 226 | 290 | 323 |
| Borrowings + | 2 | 3 | 9 | 8 | 7 | 6 | 11 | 10 |
| Other Liabilities + | 53 | 69 | 49 | 78 | 159 | 176 | 187 | 134 |
| Total Liabilities | 89 | 138 | 123 | 169 | 323 | 419 | 499 | 477 |
| Fixed Assets + | 4 | 5 | 39 | 16 | 14 | 12 | 15 | 15 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 44 | 44 | 90 | 91 |
| Other Assets + | 86 | 132 | 84 | 153 | 264 | 363 | 393 | 371 |
| Total Assets | 89 | 138 | 123 | 169 | 323 | 419 | 499 | 477 |
Financials of Dreamfolks Services Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 18 | 22 | 6 | -12 | 50 | 22 | 57 |
| Cash from Investing Activity + | -7 | 0 | -27 | 6 | -30 | -15 | -46 |
| Cash from Financing Activity + | -5 | 1 | -2 | -3 | -2 | 3 | -8 |
| Net Cash Flow | 5 | 23 | -22 | -9 | 18 | 9 | 3 |
| Free Cash Flow | 17 | 15 | -30 | -16 | 49 | 20 | 57 |
| CFO/OP | 117% | 85% | -1,171% | -18% | 69% | 59% | 93% |
Financials of Dreamfolks Services Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 68 | 137 | 117 | 95 | 85 | 83 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 67 | 68 | 137 | 117 | 95 | 85 | 83 |
| Working Capital Days | 7 | 16 | 11 | 47 | 30 | 40 | 38 |
| ROCE % | 84% | -1% | 25% | 77% | 46% | 34% |
Guidance history
How Dreamfolks Services Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q3 FY26 call → | 40%+ | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Dreamfolks Services Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 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 →
