Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹151 Cr.
Stock P/E
8.4
P/B
0.3
Current Price
₹239.5
Book Value
₹ 770.7
Face Value
10
52W High
₹322.2
52W Low
₹ 132.2
Dividend Yield
0.63%

Dhoot Industrial Fin Overview

Business

Dhoot Industrial Finance Ltd. is an Indian Non-Banking Financial Company (NBFC) engaged in both financing and trading activities. Its core business model revolves around providing inter-corporate loans, investing in shares, securities, and other financial instruments, and undertaking trading operations, primarily in financial assets. The company generates revenue through interest income from loans provided, dividend income from its investment portfolio, and realized gains from the sale of investments and trading activities.

Revenue Mix

The company's revenue streams primarily derive from two broad areas:

Financing Activities: This includes income generated from interest on inter-corporate deposits, loans and advances, and other financial services.

Investment & Trading Activities: This segment contributes through gains on the sale of investments (both long-term and short-term trading), and dividend income from equity holdings.

While explicit percentage breakdowns can fluctuate year-on-year, financial statements indicate that both finance income and income from investment/trading operations are significant contributors to its overall revenue.

Industry

Dhoot Industrial Finance Ltd. operates within the diverse Indian financial services sector. Its primary industry classification, often noted as "Trading" or "Trading & Investments," places it alongside other entities involved in proprietary trading and investment holding, as well as the broader Non-Banking Financial Company (NBFC) sector for its lending activities. The industry is highly fragmented and competitive, with numerous players ranging from large, specialized NBFCs and institutional investors to smaller, niche investment and financing firms. Dhoot Industrial Finance Ltd. appears to be a relatively smaller player, likely operating in specific niches of the inter-corporate lending and capital market investment space, without a dominant market position.

MOAT

Dhoot Industrial Finance Ltd. does not possess strong, identifiable competitive advantages or "moats."

Limited Brand Equity: It lacks widespread brand recognition or a strong reputation that would differentiate it significantly in the broader financial services market.

No Scale Advantage: The company operates at a smaller scale compared to large banks or diversified NBFCs, which limits potential cost efficiencies or broad market reach.

No Proprietary Technology/Network Effects: There is no public indication of unique technology, extensive branch networks, or platform-based network effects that would create high barriers to entry for competitors.

Its competitive edge, if any, likely stems from established relationships for inter-corporate financing or specific insights into certain investment opportunities, which are generally less durable than traditional moats.

Growth Drivers

Indian Economic Growth: Sustained economic expansion in India can fuel demand for credit and financing across various sectors, benefiting its lending portfolio.

Capital Market Performance: A buoyant Indian equity and debt market environment can lead to appreciation in its investment portfolio value and increase trading profits.

Strategic Capital Allocation: The management's ability to identify and successfully execute profitable investment opportunities and efficient deployment of capital for lending.

Access to Capital: Its capacity to raise funds efficiently at competitive rates to support both lending and investment activities.

Favorable Interest Rate Regime: A stable or declining interest rate environment can stimulate credit demand and potentially improve net interest margins.

Risks

Market Volatility: Fluctuations in equity, debt, and commodity markets can directly impact the value of its investment portfolio and trading income.

Credit Risk: The risk of defaults or delays in repayment by borrowers on inter-corporate loans, leading to asset impairment and potential write-offs.

Interest Rate Risk: Adverse movements in interest rates can affect its net interest margin, borrowing costs, and the value of fixed-income investments.

Liquidity Risk: Challenges in meeting financial obligations due to insufficient cash flows or difficulties in liquidating assets quickly at fair prices.

Regulatory Risk: Changes in regulations for NBFCs, capital markets, or corporate governance by Indian regulatory bodies (RBI, SEBI) could impact operations and profitability.

Competition: Intense competition from a wide array of financial institutions, including other NBFCs, banks, and dedicated investment firms.

Concentration Risk: Potential for significant exposure to a limited number of borrowers or specific investment assets, making it vulnerable to adverse developments in those areas.

Management & Ownership

The company is promoted by the Dhoot family, which has historical associations with the larger Dhoot/Videocon business group in India. The promoter group typically holds a substantial stake in the company, ensuring family control and strategic direction. The management team, often comprising experienced professionals, operates under the overall guidance and strategic vision set by the promoter family. Assessing the granular quality of management often requires deeper insights into their capital allocation track record and risk management frameworks, which are not always fully transparent for smaller, promoter-driven entities.

Outlook

Dhoot Industrial Finance Ltd. operates in a challenging yet opportunity-rich Indian financial landscape. Its dual business model of finance and investment/trading offers diversification, potentially buffering against downturns in a single segment. The company's future performance will largely be influenced by the health of the Indian economy and the trajectory of its capital markets.

The bull case suggests that sustained economic growth in India could translate into increased demand for credit, benefiting its lending arm, while a buoyant capital market could lead to appreciation in its investment portfolio and enhanced trading gains. Its niche operations and established relationships could provide a stable foundation.

Conversely, the bear case highlights significant exposure to market volatility, credit risk inherent in its lending activities, and the constant pressure of competition from larger, more diversified financial institutions. Regulatory changes, interest rate fluctuations, and the ability to maintain adequate liquidity are ongoing concerns. The company's performance hinges critically on the management's ability to prudently manage these risks while efficiently identifying and capitalizing on opportune financing and investment avenues.

Dhoot Industrial Fin Share Price

Live · BSE · Inception: 1978
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Dhoot Industrial Fin Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 20 2 2 33 -22 31 4 9 4 72
Other Income 42 28 27 0 0 0 -6 0 0 0
Total Income 62 30 29 33 -22 31 -2 9 4 72
Total Expenditure 22 4 3 10 5 4 5 4 4 4
Operating Profit 40 26 26 23 -27 27 -8 5 0 68
Interest 1 1 1 2 1 1 0 0 0 0
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 39 25 25 20 -29 26 -8 4 0 68
Provision for Tax 4 11 1 10 -13 12 -3 -0 -4 17
Profit After Tax 34 13 24 11 -16 13 -5 5 4 51
Adjustments 0 0 -0 -0 0 -0 -0 0 -0 0
Profit After Adjustments 34 13 24 11 -16 13 -5 5 4 51
Adjusted Earnings Per Share 54.2 21 37.8 16.7 -24.6 21.4 -7.2 7.7 6.6 81.1

Dhoot Industrial Fin Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 122 48 31 29 14 10 30 35 33 40 41 89
Other Income 6 16 8 10 4 39 36 17 186 0 0 -6
Total Income 128 64 39 39 19 50 67 52 219 40 41 83
Total Expenditure 116 47 41 34 29 11 33 39 38 18 17 17
Operating Profit 13 17 -2 5 -10 39 34 13 181 22 24 65
Interest 5 8 3 2 5 5 6 5 5 5 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 8 -6 2 -16 32 28 7 175 17 22 64
Provision for Tax 2 3 -2 1 -0 -1 9 -3 27 -2 4 10
Profit After Tax 5 6 -4 1 -16 33 19 10 148 19 18 55
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 6 -4 1 -16 33 19 10 148 19 18 55
Adjusted Earnings Per Share 9.7 10.3 -7.3 1.7 -24.8 52.6 29.5 16.1 234.3 29.9 28.5 88.2

Dhoot Industrial Fin Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 46 97 116 123 36 181 339 277 426 450 436
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1 9 8 9 -0 7 27 11 12 12 9
Total Current Liabilities 49 65 33 26 62 70 75 78 69 61 2
Total Liabilities 95 171 157 158 97 259 441 366 508 523 448
Fixed Assets 11 10 9 9 8 8 6 6 6 6 5
Other Non-Current Assets 21 83 120 123 42 207 351 287 366 372 358
Total Current Assets 64 78 27 26 48 44 84 74 136 145 84
Total Assets 95 171 157 158 97 259 441 366 508 523 448

Dhoot Industrial Fin Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0 1 0 1 0 0 2 1
Cash Flow from Operating Activities -2 20 -7 -10 -4 47 -14 9 5 -15 -60
Cash Flow from Investing Activities -13 -12 7 12 8 -42 19 -4 1 21 76
Cash Flow from Financing Activities 14 -8 -1 -1 -3 -5 -6 -5 -5 -6 -7
Net Cash Inflow / Outflow 0 0 -0 0 -0 0 -0 0 2 -1 10
Closing Cash & Cash Equivalent 0 0 0 1 0 1 0 0 2 1 11

Dhoot Industrial Fin Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 9.71 10.26 -7.28 1.74 -24.82 52.6 29.55 16.05 234.35 29.89 28.47
CEPS(Rs) 10.98 11.74 -6 2.86 -23.63 53.65 30.39 16.99 235.19 30.82 29.26
DPS(Rs) 0 0 0 0 0 0 0 0 1.5 1.5 1.5
Book NAV/Share(Rs) 84.36 179.86 202.81 203.87 56.25 287.21 537 438.18 674.78 711.76 689.57
Core EBITDA Margin(%) 5.11 3.05 -32.86 -17.4 -101.47 -8.27 -6.94 -9.67 -16.61 54.5 58.29
EBIT Margin(%) 9.88 34.54 -10.24 14.93 -76.83 373.09 110.35 36.35 553.52 53.22 57.38
Pre Tax Margin(%) 6.12 17.07 -20.75 8.36 -109.61 320.17 90.97 21.13 537.73 41.15 54.61
PAT Margin (%) 4.32 11.59 -13.36 3.56 -109.48 327.45 61.38 28.74 454.48 46.81 43.71
Cash Profit Margin (%) 4.89 13.26 -11.01 5.85 -104.25 333.99 63.13 30.43 456.11 48.27 44.92
ROA(%) 5.92 4.17 -2.53 0.66 -12.29 18.66 5.33 2.51 33.87 3.66 3.71
ROE(%) 12.22 7.77 -3.9 0.88 -19.86 30.63 7.17 3.29 42.11 4.31 4.06
ROCE(%) 15.89 13.48 -2.09 3.06 -9.85 23.12 10.38 3.42 42.98 4.31 5.01
Receivable days 48.74 73.69 84.22 84.24 130.27 126.27 55.79 52.12 46.74 38.78 30.21
Inventory Days 100.92 0 0 0 0 0 0 0 0 0 0
Payable days 35.08 44.23 43.09 45.1 77.75 107.71 59.56 52.97 37.15 110.47 77.74
PER(x) 2.32 3.61 0 18.74 0 0.69 2.72 3.55 0.83 8.52 4.86
Price/Book(x) 0.27 0.21 0.27 0.16 0.28 0.13 0.15 0.13 0.29 0.36 0.2
Dividend Yield(%) 0 0 0 0 0 0 0 0 0.77 0.59 1.08
EV/Net Sales(x) 0.43 1.7 1.94 1.27 3.95 8.47 3.72 3.06 5.68 5.38 1.86
EV/Core EBITDA(x) 4.15 4.7 -24.61 7.37 -5.51 2.23 3.31 8.05 1.02 9.84 3.18
Net Sales Growth(%) -6.52 -60.58 -35.21 -5.74 -51.14 -29.15 199.67 16.02 -7.67 23.83 2.02
EBIT Growth(%) 71.13 37.82 -119.21 237.4 -351.47 444.08 -11.36 -61.78 1305.82 -88.09 10.01
PAT Growth(%) 27.09 5.62 -174.71 125.14 -1601.46 311.93 -43.83 -45.67 1360.02 -87.25 -4.74
EPS Growth(%) 27.09 5.62 -170.99 123.88 -1526.63 311.93 -43.83 -45.67 1360.02 -87.25 -4.74
Debt/Equity(x) 0.89 0.64 0.25 0.15 1.32 0.35 0.18 0.26 0.15 0.13 0
Current Ratio(x) 1.31 1.21 0.84 1.02 0.77 0.63 1.12 0.94 1.97 2.38 34.64
Quick Ratio(x) 0.7 1.21 0.84 1.02 0.77 0.63 1.12 0.94 1.97 2.38 34.64
Interest Cover(x) 2.63 1.98 -0.97 2.27 -2.34 7.05 5.69 2.39 35.06 4.41 20.69
Total Debt/Mcap(x) 3.34 3.09 0.9 0.93 4.81 2.75 1.23 2.01 0.52 0.36 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +2% +5% +33% -10%
Operating Profit CAGR +9% +23% -9% +6%
PAT CAGR -5% +22% -11% +14%
Share Price CAGR -3% +33% +15% +20%
ROE Average +4% +17% +12% +8%
ROCE Average +5% +17% +13% +10%

Dhoot Industrial Fin Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 69.07 %
FII 0 %
DII (MF + Insurance) 0.03 %
Public (retail) 30.9 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 69.0769.0769.0769.0769.0769.0769.0769.0769.0769.07
FII 0000000000
DII 0.030.030.030.030.030.030.030.030.030.03
Public 30.930.930.930.930.930.930.930.930.930.9
Others 0000000000
Total 100100100100100100100100100100

Dhoot Industrial Fin Peer Comparison

Dhoot Industrial Fin Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Dhoot Industrial Fin Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Debtor days have improved from 110.47 to 77.74days.
  • Company is almost debt free.

Cons

  • The company has delivered a poor profit growth of -11% over past five years.
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