Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹4 Cr.
Stock P/E
-35
P/B
—
Current Price
₹0.5
Book Value
₹ 0
Face Value
1
52W High
—
52W Low
—
Dividend Yield
0%

Devhari Exports Overview

Business

Devhari Exports (India) Ltd. is engaged in the trading of various products and commodities. Its core business model involves acting as an intermediary, sourcing goods from suppliers (both domestic and potentially international) and selling them to various buyers across different markets. The company makes money by earning a margin, which is the difference between its buying price and selling price, on these trading transactions. The specific commodities traded can be diverse, potentially including agricultural products, chemicals, and other general merchandise, depending on market opportunities and established supply chains.

Revenue Mix

The company primarily operates within a single major segment: "Trading." Detailed breakdowns of revenue by specific product categories (e.g., agricultural, industrial, chemicals) or geographical regions are typically not publicly provided for smaller trading companies like Devhari. Its revenue is derived from the aggregate sales of the various goods it trades.

Industry

Devhari Exports operates in the highly competitive and fragmented Indian trading industry. This sector includes a wide range of players, from large diversified conglomerates to specialized traders and numerous small and medium-sized enterprises. Devhari is positioned as a smaller player within this landscape. Competition primarily revolves around pricing, efficiency of logistics, ability to manage inventory, risk management, and offering competitive credit terms. Its positioning likely relies on specific supplier/buyer relationships, operational efficiency in its chosen niches, or localized market knowledge rather than broad market dominance.

MOAT

For a company like Devhari Exports in the commodity trading sector, establishing a wide, durable competitive advantage (moat) is challenging. Potential sources of competitive advantage, though often narrow for smaller players, could include:

Strong Relationship Networks: Established long-term relationships with specific suppliers and customers.

Operational Efficiency: Lean operations and efficient logistics that allow for competitive pricing and timely delivery.

Niche Expertise: Specialization in certain commodities or geographies where it has specific market knowledge or access.

Working Capital Management: Prudent management of working capital and access to finance can be an advantage in a capital-intensive business.

However, these are generally difficult to sustain as strong, defensible moats against intense competition.

Growth Drivers

Key factors that could drive growth for Devhari Exports over the next 3-5 years include:

Economic Growth: General economic growth in India and target international markets leading to increased demand for traded goods.

Expansion of Product Portfolio: Venturing into trading new commodities or diversifying its product offerings to tap into new markets.

Geographical Expansion: Establishing new sourcing or distribution channels in untapped domestic or international regions.

Supply Chain Optimization: Improving efficiency in sourcing, logistics, and inventory management to enhance margins and volumes.

Strategic Partnerships: Forming alliances with larger players or specialized firms to enhance reach and capabilities.

Risks

Commodity Price Volatility: Fluctuations in the prices of goods being traded can significantly impact profit margins, inventory valuation, and overall financial performance.

Foreign Exchange Risk: If involved in international trade, adverse movements in currency exchange rates can affect profitability.

Credit Risk: Risk of default by counterparties (buyers or suppliers) on payment or delivery obligations.

Intense Competition: The fragmented and competitive nature of the trading industry can lead to pressure on margins.

Regulatory Changes: Changes in import/export policies, trade tariffs, or other government regulations can impact business operations and profitability.

Working Capital Management: Trading is a working capital-intensive business, and inefficient management can lead to liquidity issues.

Logistics and Operational Risks: Disruptions in the supply chain, delays, or damage to goods can lead to losses.

Management & Ownership

Devhari Exports is typically a promoter-driven company, characteristic of many small and mid-sized businesses in India. Ownership is generally concentrated with the promoter family. The management team's experience in the trading sector, their ability to manage commodity price risks, and their effectiveness in building and maintaining supplier/customer relationships are crucial for the company's performance. Specific details on individual management quality beyond their roles are not generally available for smaller listed entities.

Outlook

Devhari Exports operates in a challenging yet opportunity-rich trading sector. The company has the potential for growth by leveraging economic expansion, expanding its product categories, or exploring new markets. Its ability to navigate the highly competitive environment, manage commodity price volatility, and efficiently control working capital will be critical to its success. While its agility as a smaller player can be an advantage, it also faces inherent risks from market fluctuations, intense competition, and the absence of strong, wide economic moats, which could impact its profitability and stability.

Devhari Exports Share Price

Live · BSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Devhari Exports Quarterly Results

#(Fig in Cr.) Mar 2015 Dec 2015 Mar 2016 Dec 2016
Net Sales 5 1 1 -4
Other Income 0 0 0 0
Total Income 5 1 1 -4
Total Expenditure 5 2 1 -4
Operating Profit 0 -0 0 0
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 0 -0 0 0
Provision for Tax 0 0 0 0
Profit After Tax 0 -0 0 0
Adjustments 0 0 0 0
Profit After Adjustments 0 -0 0 0
Adjusted Earnings Per Share 0 -0 0 0

Devhari Exports Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
Net Sales 12 3 420 344 3
Other Income 0 0 1 1 0
Total Income 12 3 421 345 3
Total Expenditure 12 2 420 343 4
Operating Profit 0 0 1 2 0
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 0 1 2 0
Provision for Tax 0 0 0 1 0
Profit After Tax 0 0 0 1 0
Adjustments 0 0 -0 -1 0
Profit After Adjustments 0 0 0 1 0
Adjusted Earnings Per Share 0 0 0 0.1 0

Devhari Exports Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018
Shareholder's Funds 7 7 7 8
Minority's Interest 0 0 10 11
Borrowings 0 0 0 0
Other Non-Current Liabilities -0 -0 0 -0
Total Current Liabilities 11 4 88 141
Total Liabilities 19 11 105 160
Fixed Assets 0 0 0 0
Other Non-Current Assets 3 3 7 8
Total Current Assets 16 8 98 152
Total Assets 19 11 105 160

Devhari Exports Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018
Opening Cash & Cash Equivalents 0 0 0 7
Cash Flow from Operating Activities -1 0 3 -17
Cash Flow from Investing Activities 1 0 6 -1
Cash Flow from Financing Activities 0 -0 -2 12
Net Cash Inflow / Outflow 0 0 6 -6
Closing Cash & Cash Equivalent 0 0 7 1

Devhari Exports Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018
Earnings Per Share (Rs) 0 0 0.03 0.08
CEPS(Rs) 0 0 0.05 0.17
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 0.96 0.96 0.96 1.05
Core EBITDA Margin(%) -0.12 6.48 -0.06 0.25
EBIT Margin(%) 0.06 7.18 0.16 0.53
Pre Tax Margin(%) 0.06 1.37 0.14 0.52
PAT Margin (%) 0.05 1.15 0.09 0.36
Cash Profit Margin (%) 0.09 1.26 0.1 0.36
ROA(%) 0.03 0.2 0.68 0.93
ROE(%) 0.08 0.41 5.51 16.47
ROCE(%) 0.08 1.89 7.34 12.79
Receivable days 280.41 686 32.7 107.28
Inventory Days 0 0 12.87 17.21
Payable days 290.06 842.27 25.27 85.4
PER(x) 0 0 374.25 0
Price/Book(x) 0 0 10.4 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.76 4.04 0.16 0.06
EV/Core EBITDA(x) 722.64 55.44 102.95 10.54
Net Sales Growth(%) 0 -79.21 0 -17.97
EBIT Growth(%) 0 2289.79 263.73 177.33
PAT Growth(%) 0 427.49 1258.12 212.09
EPS Growth(%) 0 458.45 585.57 213.43
Debt/Equity(x) 0.26 0.42 0.08 1.66
Current Ratio(x) 1.4 2.3 1.12 1.07
Quick Ratio(x) 1.4 2.3 0.95 0.95
Interest Cover(x) 0 1.24 10.84 45.68
Total Debt/Mcap(x) 0 0 0.01 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% +206% — —
Operating Profit CAGR +100% — — —
PAT CAGR — — — —
Share Price CAGR 0% -19% -3% -20%
ROE Average +16% +7% +6% +6%
ROCE Average +13% +7% +6% +6%

Devhari Exports Shareholding Pattern

Latest · Mar 2025
100% held
Promoters 0 %
FII 0 %
DII (MF + Insurance) 0.01 %
Public (retail) 99.99 %
# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 0000000000
FII 0000000000
DII 0.010.010.010.010.010.010.010.010.010.01
Public 99.9999.9999.9999.9999.9999.9999.9999.9999.9999.99
Others 0000000000
Total 100100100100100100100100100100

Devhari Exports Peer Comparison

Devhari Exports Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Devhari Exports Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of 7% over the last 3 years.
  • Debtor days have increased from 25.27 to 85.4days.
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