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Dhanashree Electro. Overview

Dhanashree Electronics Limited is a public limited company that has been a significant player in the electrical products manufacturing industry since its inception on June 24, 1987. Headquartered in Kolkata, West Bengal, the company has a strong financial backbone with an authorized share capital of INR 15.00 cr and a total paid-up capital of INR 14.19 cr. These include home lighting solutions, retail solutions, office solutions, outdoor solutions, industrial solutions, LED garden lights, solar light solutions, and innovative special products. ...Read More

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Dhanashree Electro. Key Financials

Market Cap ₹228 Cr.

Stock P/E 65.8

P/B 5.1

Current Price ₹160.7

Book Value ₹ 31.3

Face Value 10

52W High ₹438.2

Dividend Yield 0.06%

52W Low ₹ 118

Dhanashree Electro. Share Price

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Volume
Price

Dhanashree Electro. Quarterly Price

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Dhanashree Electro. Peer Comparison

Dhanashree Electro. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 15 23 30 14 17 26 42 26 20 18
Other Income 5 3 0 0 1 0 12 0 0 0
Total Income 20 26 30 14 18 26 54 26 20 18
Total Expenditure 18 23 24 13 15 22 48 23 17 15
Operating Profit 2 3 6 1 3 3 6 3 3 3
Interest 1 2 3 1 2 2 3 1 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 0 1 1 2 1 1 1
Provision for Tax 0 0 1 0 0 0 1 0 0 0
Profit After Tax 1 1 2 0 1 1 1 1 1 1
Adjustments 0 0 -0 -0 0 0 0 0 -0 0
Profit After Adjustments 1 1 2 0 1 1 1 1 1 1
Adjusted Earnings Per Share 0.6 0.5 1.3 0.3 0.4 0.7 1 0.7 0.5 0.5

Dhanashree Electro. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 21 31 34 54 44 46 42 48 49 82 98 106
Other Income 0 0 0 0 0 0 0 0 15 9 13 12
Total Income 21 31 34 54 44 46 43 48 65 91 111 118
Total Expenditure 19 27 27 46 35 37 36 40 55 79 99 103
Operating Profit 2 4 7 8 9 9 7 8 9 12 13 15
Interest 1 2 4 4 5 5 4 5 5 6 7 8
Depreciation 0 0 0 0 0 0 0 0 0 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 2 3 3 3 2 3 4 5 5 5
Provision for Tax 0 0 1 1 1 1 0 1 1 1 1 1
Profit After Tax 0 1 2 2 3 3 2 2 3 4 3 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 1 2 2 3 3 2 2 3 4 3 4
Adjusted Earnings Per Share 0 0 0 0 0 0 1.2 1.4 1.9 2.8 2.4 2.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 27% 16% 17%
Operating Profit CAGR 8% 18% 8% 21%
PAT CAGR -25% 14% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -5% 88% 67% NA%
ROE Average 9% 9% 8% 8%
ROCE Average 12% 12% 11% 11%

Dhanashree Electro. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 10 21 23 26 28 30 32 35 38 42
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 16 31 28 29 24 31 29 34 44 44
Other Non-Current Liabilities 0 0 1 1 1 1 1 1 1 1 1
Total Current Liabilities 20 17 12 20 18 29 26 25 28 40 57
Total Liabilities 30 44 65 73 74 82 88 88 98 124 144
Fixed Assets 3 4 4 4 4 5 4 4 6 5 5
Other Non-Current Assets 6 6 6 7 7 5 6 4 3 3 2
Total Current Assets 21 34 54 61 63 72 78 80 88 115 137
Total Assets 30 44 65 73 74 82 88 88 98 124 144

Dhanashree Electro. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 2 1 1 1 1 1 2 1 0
Cash Flow from Operating Activities -11 -3 -20 9 4 9 -3 2 -15 -13 -7
Cash Flow from Investing Activities -0 -2 -1 -1 0 0 -0 1 14 8 13
Cash Flow from Financing Activities 11 5 20 -8 -4 -10 4 -2 0 5 -6
Net Cash Inflow / Outflow -0 -0 -1 -0 -0 0 0 1 -1 -1 1
Closing Cash & Cash Equivalent 0 0 1 1 1 1 1 2 1 0 1

Dhanashree Electro. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 0 0 0 0 1.17 1.39 1.89 2.76 2.44
CEPS(Rs) 0.72 1.54 1.54 2 2.04 2.16 1.52 1.69 2.22 3.19 2.93
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0.1
Book NAV/Share(Rs) 0 0 0 0 0 0 21.05 22.43 24.33 27.1 29.54
Core EBITDA Margin(%) 8.09 10.99 19.24 14.79 19.88 18.75 15.21 15.75 -12.06 4.68 -0.16
EBIT Margin(%) 7.19 10.83 18.68 14.4 19.3 18.06 14.34 15.08 18.07 14.26 12.37
Pre Tax Margin(%) 1.61 3.52 7.02 6.11 7.13 6.92 4.77 5.5 7.4 6.46 4.75
PAT Margin (%) 0.36 2.41 5.22 4.56 5.75 5.81 3.93 4.11 5.45 4.75 3.52
Cash Profit Margin (%) 2.31 3.38 6.23 5.26 6.6 6.7 5.09 5.01 6.37 5.49 4.23
ROA(%) 0.31 2.01 3.38 3.58 3.45 3.43 1.97 2.24 2.9 3.54 2.59
ROE(%) 0.84 7.91 12.15 11.31 10.39 9.9 5.74 6.38 8.1 10.72 8.62
ROCE(%) 7.21 10.9 14.38 12.95 13.05 12.51 8.72 9.44 10.78 12.52 11.77
Receivable days 122.81 152.96 233.9 186.03 210.71 206.57 242.5 205.16 179.96 127.82 161.39
Inventory Days 104.88 128.78 173.36 167.85 260.35 287.34 355.64 347.86 350.43 223.47 197.86
Payable days 5.85 59.29 102.54 53.78 64.57 96.75 150.6 85.67 51.74 64.52 104.09
PER(x) 0 0 0 0 0 0 14.94 12.11 12.4 19.22 27.66
Price/Book(x) 0 0 0 0 0 0 0.83 0.75 0.97 1.96 2.29
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0.15
EV/Net Sales(x) 1.17 1.01 1.47 0.98 1.26 1.1 1.62 1.44 1.72 1.67 1.61
EV/Core EBITDA(x) 12.81 8.55 7.24 6.47 6.25 5.82 10.47 8.99 9.04 11.14 12.33
Net Sales Growth(%) 131.33 46.28 11.25 58.74 -18.76 4.5 -7.39 13.06 2.95 66.93 19.37
EBIT Growth(%) 23.78 120.24 98.38 18.34 8.9 -2.22 -26.47 18.89 23.35 31.76 3.52
PAT Growth(%) -32.2 884.62 148.83 34.03 2.44 5.53 -37.34 18.13 36.55 45.49 -11.47
EPS Growth(%) 0 0 0 0 0 0 -37.34 18.13 36.55 45.49 -11.47
Debt/Equity(x) 1.99 2.49 1.8 1.72 1.63 1.31 1.49 1.48 1.51 1.63 1.52
Current Ratio(x) 1.04 1.97 4.7 3.04 3.52 2.51 3.02 3.12 3.14 2.84 2.41
Quick Ratio(x) 0.62 1.22 2.94 1.59 1.66 1.15 1.33 1.25 1.46 1.51 1.47
Interest Cover(x) 1.29 1.48 1.6 1.74 1.59 1.62 1.5 1.57 1.69 1.83 1.62
Total Debt/Mcap(x) 0 0 0 0 0 0 1.79 1.97 1.56 0.83 0.67

Dhanashree Electro. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.2 70.2 70.2 70.2 70.2 70.2 70.2 70.2 74.59 74.59
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 29.8 29.8 29.8 29.8 29.8 29.8 29.8 29.8 25.41 25.41
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Dhanashree Electro. News

Dhanashree Electro. Pros & Cons

Pros

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 64.52 to 104.09days.
  • Stock is trading at 5.1 times its book value.
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