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Dharan Infra-EPC Overview

KBC Global Ltd, previously Karda Constructions Ltd, is an primarily India-based business enterprise this is engaged in the commercial enterprise of real estate development. The Company develops residential and home-cum commercial initiatives. The Company's segments include Development of Real Estate Property and Civil Contracting Business. Its Development of Real Estate Property includes business guide services and allied activities to the real estate business. It has 19 work in progress construction and planned real estate projects in Greater ...Read More

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Dharan Infra-EPC Key Financials

Market Cap ₹99 Cr.

Stock P/E -2.6

P/B 0.1

Current Price ₹0.2

Book Value ₹ 2.3

Face Value 1

52W High ₹0.7

Dividend Yield 0%

52W Low ₹ 0.2

Dharan Infra-EPC Share Price

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Volume
Price

Dharan Infra-EPC Quarterly Price

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Dharan Infra-EPC Peer Comparison

Dharan Infra-EPC Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 10 -5 13 13 9 6 1 1 0 3
Other Income 2 14 11 3 1 2 1 1 1 0
Total Income 11 10 23 15 10 8 2 2 1 4
Total Expenditure 21 9 46 19 23 6 25 3 9 5
Operating Profit -10 1 -23 -4 -13 2 -23 -0 -8 -1
Interest 3 3 6 1 3 2 -3 2 1 3
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 -13 -2 -29 -6 -15 -0 -20 -2 -8 -4
Provision for Tax 0 0 -0 0 0 0 0 0 0 0
Profit After Tax -13 -2 -29 -6 -15 -0 -20 -2 -8 -4
Adjustments 0 -0 0 0 -0 0 0 -0 0 -0
Profit After Adjustments -13 -2 -29 -6 -15 -0 -20 -2 -8 -4
Adjusted Earnings Per Share -0.1 -0 -0.1 -0 -0.1 -0 -0 -0 -0 -0

Dharan Infra-EPC Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 129 102 108 21 18 5
Other Income 8 10 12 28 5 3
Total Income 136 111 121 48 23 9
Total Expenditure 94 73 111 74 58 42
Operating Profit 43 38 9 -26 -35 -32
Interest 15 14 13 11 4 3
Depreciation 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 28 24 -4 -37 -38 -34
Provision for Tax 8 7 0 0 0 0
Profit After Tax 20 17 -4 -37 -38 -34
Adjustments -0 -0 -0 0 0 0
Profit After Adjustments 20 17 -4 -37 -38 -34
Adjusted Earnings Per Share 0.2 0.1 -0 -0.2 -0.1 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -14% -44% 0% 0%
Operating Profit CAGR 0% NAN% 0% 0%
PAT CAGR 0% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -58% -46% -50% NA%
ROE Average -4% -3% 4% 4%
ROCE Average -4% -2% 6% 6%

Dharan Infra-EPC Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 123 140 933 910 881
Minority's Interest 0 0 0 0 0
Borrowings 34 47 45 33 41
Other Non-Current Liabilities 67 63 34 71 76
Total Current Liabilities 89 77 116 78 60
Total Liabilities 314 327 1128 1093 1059
Fixed Assets 1 1 1 1 1
Other Non-Current Assets 55 77 765 78 67
Total Current Assets 258 249 362 1014 991
Total Assets 314 327 1128 1093 1059

Dharan Infra-EPC Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 3 689
Cash Flow from Operating Activities 35 -20 -163 68 17
Cash Flow from Investing Activities -2 37 -654 664 10
Cash Flow from Financing Activities -32 -17 821 -47 -16
Net Cash Inflow / Outflow -0 0 3 686 11
Closing Cash & Cash Equivalent 0 0 3 689 701

Dharan Infra-EPC Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.16 0.14 -0.03 -0.17 -0.07
CEPS(Rs) 0.17 0.14 -0.03 -0.17 -0.07
DPS(Rs) 0.01 0.03 0 0 0
Book NAV/Share(Rs) 1 1.14 6.89 4.15 1.69
Core EBITDA Margin(%) 27.21 28.22 -3 -259.18 -220.16
EBIT Margin(%) 32.98 37.61 8.41 -126.15 -192.98
Pre Tax Margin(%) 21.68 23.54 -3.25 -177.38 -212.92
PAT Margin (%) 15.72 16.97 -3.27 -177.44 -213.08
Cash Profit Margin (%) 15.81 17.1 -3.15 -176.83 -212.47
ROA(%) 6.46 5.39 -0.49 -3.29 -3.56
ROE(%) 16.46 13.14 -0.67 -4 -4.28
ROCE(%) 19.74 17.21 1.41 -2.54 -3.6
Receivable days 163.05 252.62 285.12 1503.57 1673.66
Inventory Days 351.32 434.81 416.49 2419.65 3034.35
Payable days 94.87 133.7 148.29 665.04 835.07
PER(x) 37.18 33.81 0 0 0
Price/Book(x) 6.1 4.16 0.17 0.21 0.29
Dividend Yield(%) 0.08 0.53 0 0 0
EV/Net Sales(x) 6.54 6.59 2.56 -20.39 -21.02
EV/Core EBITDA(x) 19.77 17.46 30.03 16.25 10.93
Net Sales Growth(%) 0 -21.1 6.43 -80.95 -12.71
EBIT Growth(%) 0 -10.01 -76.2 -385.83 -33.53
PAT Growth(%) 0 -14.83 -120.53 -932.49 -4.82
EPS Growth(%) 0 -14.9 -119.48 -512.87 56.03
Debt/Equity(x) 0.75 0.64 0.14 0.08 0.07
Current Ratio(x) 2.91 3.22 3.12 12.94 16.51
Quick Ratio(x) 1.51 1.69 2.01 11.1 13.93
Interest Cover(x) 2.92 2.67 0.72 -2.46 -9.68
Total Debt/Mcap(x) 0.12 0.15 0.8 0.39 0.25

Dharan Infra-EPC Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 2.59 2.26 1.98 1.98 1.27 0.83 0.83 0.83 0.83 0.83
FII 7.87 2.73 0.78 0 0 0.19 0 0.75 0.75 0.37
DII 0 0 0 0 0.01 0 0 0 0 0
Public 89.54 95 97.24 98.02 98.72 98.98 99.17 98.42 98.42 98.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Dharan Infra-EPC News

Dharan Infra-EPC Pros & Cons

Pros

  • Stock is trading at 0.1 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0.83%.
  • Company has a low return on equity of -3% over the last 3 years.
  • Debtor days have increased from 665.04 to 835.07days.
  • Earnings include an other income of Rs. 5 Cr.
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