Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹37 Cr.
Stock P/E
-1.3
P/B
0.6
Current Price
₹19.7
Book Value
₹ 35.6
Face Value
10
52W High
₹57.8
52W Low
₹ 19.5
Dividend Yield
0%

Dhruv ConsultancySer Overview

Business

Dhruv Consultancy Services Ltd. is an Indian engineering consultancy firm. The company provides a range of professional services across various infrastructure and development projects. Its core business model involves offering specialized technical expertise and project management services at different stages of a project lifecycle, from conceptualization and feasibility studies to detailed design, project planning, supervision, and quality control. Dhruv Consultancy makes money by charging fees to clients (primarily government bodies, public sector undertakings, and private developers) for its services, often based on project value, time invested, or a lump-sum contract.

Revenue Mix

While specific revenue mix details for Dhruv Consultancy Services Ltd. are not publicly available, companies in the Engineering Consultancy sector in India typically derive revenue from various infrastructure sub-segments. These commonly include:

Transportation: Roads, highways, bridges, railways, urban transport (metros).

Water & Environment: Water supply, irrigation, wastewater management, environmental impact assessments.

Urban Development: Smart cities, urban planning, housing projects.

Buildings & Industrial: Design and supervision for commercial, residential, and industrial structures.

Given the typical focus of Indian infrastructure consultancies, a significant portion of their revenue often comes from government-funded infrastructure projects.

Industry

The Indian Engineering Consultancy sector is highly fragmented and competitive, driven significantly by government spending on infrastructure. Key players range from large multinational firms to numerous small and mid-sized domestic companies. The industry is characterized by a project-based revenue model and intense bidding for contracts. Dhruv Consultancy Services Ltd. likely positions itself as a specialized or regional player, focusing on specific segments of the infrastructure value chain or particular geographical areas within India. Its competitive standing would depend on its project execution track record, technical expertise, client relationships, and ability to win new tenders against both larger incumbents and smaller rivals.

MOAT

For an engineering consultancy, durable competitive advantages (moats) are often difficult to establish, especially for mid-sized players. Potential advantages for Dhruv Consultancy could include:

Specialized Expertise: Niche technical knowledge or certifications in specific, complex infrastructure areas that are difficult to replicate.

Client Relationships & Reputation: A strong track record of successful project delivery and long-standing relationships with key government clients or public sector undertakings.

Execution Quality & Timeliness: Consistent delivery of high-quality outputs within project timelines and budgets, leading to repeat business.

However, these are often soft moats. The industry generally has lower switching costs as clients frequently evaluate consultants based on project-specific bids, and technical talent can be mobile.

Growth Drivers

Key factors that can drive Dhruv Consultancy's growth over the next 3-5 years include:

Government Infrastructure Push: Continued high levels of government investment in infrastructure development (e.g., National Infrastructure Pipeline, Gati Shakti Master Plan) across transportation, urban development, and water sectors.

Urbanization & Industrialization: Growing demand for urban infrastructure, smart cities, and industrial corridors.

Technological Adoption: Integration of new technologies like BIM (Building Information Modeling), GIS (Geographic Information Systems), and digital project management tools improving efficiency and service offerings.

Expansion into New Geographies/Segments: Successfully securing projects in new regions or diversifying service offerings into emerging infrastructure areas.

Risks

Key business risks for Dhruv Consultancy Services Ltd. include:

Dependence on Government Spending: High reliance on public sector projects makes the company vulnerable to fluctuations in government policy, budget allocations, and tender processes.

Project Concentration Risk: A significant portion of revenue coming from a few large projects or clients could lead to revenue volatility if those projects are delayed or cancelled.

Intense Competition: The fragmented nature of the industry leads to aggressive bidding and pressure on margins.

Talent Attrition: The success of consultancy heavily depends on skilled personnel; retaining and attracting top talent can be challenging.

Economic Slowdown: A general economic downturn can reduce capital expenditure on infrastructure, impacting project pipeline.

Regulatory & Policy Changes: Changes in environmental regulations, construction norms, or procurement policies can affect project feasibility and execution.

Management & Ownership

In Indian companies like Dhruv Consultancy Services Ltd., promoters (founding families or individuals) typically hold significant ownership stakes and play an active role in strategic decision-making and day-to-day operations. The quality of management is critical in a service-oriented business, relying on their expertise, client relationships, and ability to execute projects effectively and ethically. Promoter-led companies often bring stability and a long-term vision but can also concentrate decision-making power. Specific details on the current management team's background or the exact ownership structure would require a review of their annual reports and public filings.

Outlook

Dhruv Consultancy Services Ltd. operates in a sector with significant tailwinds from India's ongoing infrastructure development push. The government's consistent focus on creating world-class infrastructure provides a large addressable market for engineering consultancy services. The company has opportunities to grow by securing more projects, leveraging its expertise, and expanding its client base. However, the outlook is balanced by the inherent challenges of the industry: intense competition, dependence on government tenders, and the need to continuously update technical capabilities and retain skilled professionals. The ability to win and execute projects profitably amidst a competitive landscape will be key to its sustained growth and financial performance.

Dhruv ConsultancySer Share Price

Live · BSE / NSE · Inception: 2003
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Dhruv ConsultancySer 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 25 20 33 22 28 21 19 -6 8 16
Other Income 0 0 0 1 0 0 0 0 0 0
Total Income 25 20 33 23 28 21 19 -5 9 16
Total Expenditure 22 17 29 18 23 18 17 24 17 19
Operating Profit 3 3 4 4 5 4 2 -29 -8 -3
Interest 1 1 1 1 0 0 0 0 0 1
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 3 3 2 1 -31 -10 -4
Provision for Tax 0 0 0 0 1 1 -0 0 -10 0
Profit After Tax 0 1 2 2 2 2 1 -31 -0 -5
Adjustments -0 0 0 0 0 0 -0 0 0 -0
Profit After Adjustments 0 1 2 2 2 2 1 -31 -0 -5
Adjusted Earnings Per Share 0.3 0.6 1 1.1 1.1 0.8 0.5 -16.4 -0 -2.5

Dhruv ConsultancySer Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 81 82 102 43 37
Other Income 1 1 2 1 0
Total Income 82 82 104 44 39
Total Expenditure 72 68 87 75 77
Operating Profit 10 15 17 -31 -38
Interest 2 3 3 3 1
Depreciation 3 5 5 4 4
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 6 7 9 -38 -44
Provision for Tax 1 1 2 -9 -10
Profit After Tax 5 6 7 -28 -35
Adjustments -0 0 -0 0 0
Profit After Adjustments 5 6 7 -28 -35
Adjusted Earnings Per Share 3.1 3.7 3.6 -14.8 -18.4

Dhruv ConsultancySer Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 57 66 104 72
Minority's Interest 0 0 0 0
Borrowings 4 3 1 4
Other Non-Current Liabilities 4 3 0 -6
Total Current Liabilities 44 35 37 37
Total Liabilities 110 107 142 107
Fixed Assets 17 14 11 11
Other Non-Current Assets 5 12 14 11
Total Current Assets 88 81 117 85
Total Assets 110 107 142 107

Dhruv ConsultancySer Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 4 7 1 1
Cash Flow from Operating Activities 2 -2 -14 -3
Cash Flow from Investing Activities -6 -3 -11 4
Cash Flow from Financing Activities 7 4 25 -0
Net Cash Inflow / Outflow 3 -1 -0 0
Closing Cash & Cash Equivalent 7 7 1 1

Dhruv ConsultancySer Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.12 3.71 3.57 -14.79
CEPS(Rs) 5.09 6.81 6.06 -12.72
DPS(Rs) 0 0.5 0.2 0
Book NAV/Share(Rs) 36.82 41.71 54.57 38.07
Core EBITDA Margin(%) 11.29 17.22 14.84 -74.36
EBIT Margin(%) 9.14 12.03 11.92 -82.05
Pre Tax Margin(%) 6.99 8.38 9.01 -88.11
PAT Margin (%) 5.94 7.21 6.82 -66.39
Cash Profit Margin (%) 9.47 13.24 11.27 -56.24
ROA(%) 4.4 5.45 5.6 -22.94
ROE(%) 8.68 9.68 8.19 -32.42
ROCE(%) 10.54 12.91 12.11 -33.41
Receivable days 79.94 93.5 93.92 211.25
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 14.13 32.06 19.73 0
Price/Book(x) 1.2 2.85 1.29 0.71
Dividend Yield(%) 0 0.42 0.28 0
EV/Net Sales(x) 0.9 2.43 1.33 1.52
EV/Core EBITDA(x) 7.09 13.48 8.13 -2.12
Net Sales Growth(%) 0 0.68 24.75 -57.92
EBIT Growth(%) 0 32.41 23.61 -389.73
PAT Growth(%) 0 22.25 17.9 -509.83
EPS Growth(%) 0 18.73 -3.86 -514.52
Debt/Equity(x) 0.24 0.23 0.15 0.27
Current Ratio(x) 2.01 2.32 3.18 2.28
Quick Ratio(x) 2.01 2.32 3.18 2.28
Interest Cover(x) 4.24 3.3 4.1 -13.55
Total Debt/Mcap(x) 0.2 0.08 0.12 0.38

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -58% -19% — —
Operating Profit CAGR -282% 0% — —
PAT CAGR -500% 0% — —
Share Price CAGR -63% -31% -12% —
ROE Average -32% -5% -1% -1%
ROCE Average -33% -3% +1% +1%

Dhruv ConsultancySer Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 49.44 %
FII 2.17 %
DII (MF + Insurance) 0 %
Public (retail) 48.38 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 59.159.15949.4249.4249.4449.4449.4449.4449.44
FII 1.371.042.743.132.141.392.342.342.242.17
DII 0000.980.980.980.960.9400
Public 39.5339.8638.2746.4747.4648.1947.2647.2848.3248.38
Others 0000000000
Total 100100100100100100100100100100

Dhruv ConsultancySer Peer Comparison

Engineering Consultancy Edit Columns

Dhruv ConsultancySer Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Dhruv ConsultancySer Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.44%.
  • Company has a low return on equity of -5% over the last 3 years.
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