Dreamfolks Services Q1 FY27 Share Price & Earnings Call Analysis

₹58.18-0.53% today
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

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 2%+

See what Dreamfolks Services Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

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

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Dreamfolks Services Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

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

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Full Q1 FY27 analysis

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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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 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +204.00237.75266.32282.49305.06281.14320.80316.86340.07314.16348.95205.5253.45
Expenses +177.95204.04248.70258.19277.69256.50297.92293.78317.12294.13322.01193.5667.59
Operating Profit26.0533.7117.6224.3027.3724.6422.8823.0822.9520.0326.9411.96-14.14
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 +0.651.381.070.520.681.061.750.771.954.092.574.115.67
Interest0.280.170.210.260.290.340.290.840.392.260.230.230.24
Depreciation0.880.920.860.920.970.960.900.930.991.020.790.810.97
Profit before tax25.5434.0017.6223.6426.7924.4023.4422.0823.5220.8428.4915.03-9.68
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 +18.9825.3012.9617.6720.0317.9817.1516.0316.9414.9321.2711.22-7.86
EPS in Rs3.634.842.453.373.803.403.243.033.232.803.992.11-1.48

Financials of Dreamfolks Services Ltd

Profit & Loss

Annual income statement trend

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +2483671062827731,1351,292922
Expenses +2253221062606741,0411,203877
Operating Profit2345-02399948945
OPM %9%12%-0%8%13%8%7%5%
Other Income +012133916
Interest01111143
Depreciation12224444
Profit before tax2244-02097929055
Tax %30%27%625%21%26%26%28%
Net Profit +1532-11673696540
EPS in Rs32.1566.69-3.053.1113.8813.0112.287.42
Dividend Payout %0%0%0%0%0%15%0%

Financials of Dreamfolks Services Ltd

Balance Sheet

Capital structure and asset base

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital5551010111111
Reserves29616072146226290323
Borrowings +2398761110
Other Liabilities +53694978159176187134
Total Liabilities89138123169323419499477
Fixed Assets +45391614121515
CWIP01000000
Investments000044449091
Other Assets +8613284153264363393371
Total Assets89138123169323419499477

Financials of Dreamfolks Services Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +18226-12502257
Cash from Investing Activity +-70-276-30-15-46
Cash from Financing Activity +-51-2-3-23-8
Net Cash Flow523-22-91893
Free Cash Flow1715-30-16492057
CFO/OP117%85%-1,171%-18%69%59%93%

Financials of Dreamfolks Services Ltd

Ratios

Working capital efficiency and return ratios

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days6768137117958583
Inventory Days
Days Payable
Cash Conversion Cycle6768137117958583
Working Capital Days7161147304038
ROCE %84%-1%25%77%46%34%

Guidance history

How Dreamfolks Services Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 2%+Planned——
Q3 FY26 call →40%+FlatPlanned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.