Dhruv Consultancy SER Ltd
NSE: DHRUV · Consulting Services · sector
₹19.93NSE close 2026-10-26
Key numbers
Market cap₹38 cr
Price₹19.93
52w high / low₹57 / ₹19
P/E–Sector median 11.3x
P/B0.5xSector median 1.2x
Book value₹38.1
Dividend yield–Sector median 2.12%
ROE-39.7%Sector median 11.7%
ROCE-46.6%Sector median 8.1%
OPM-106.5%Sector median 23.3%
Debt / equity0.27xSector median 0.12x
EV/EBITDA–Sector median 12.4x
Interest cover-26.6x
Current ratio2.28x
Sales growth 3y-19.1%Sector median +19.4%
Profit growth 3y–Sector median +11.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 23 companies in Consulting Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6 cr vs borrowings ₹20 cr (FY26): borrowings are higher by ₹14 cr.
- Operating profit covered interest -26.6x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 5 years (FY25, FY24, FY23, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Debtor days went from 108 (FY24) to 181 (FY26).
- Dividend paid in 2 of the last 5 financial years.
- Price ₹19.93 on 2026-10-26: -65.0% from the 52-week high, +6.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹152.69 · low ₹19.74
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33 | 22 | 28 | 21 | 19 | -6 | 8 | 16 |
| EBITDA | 4 | 4 | 4 | 3 | 2 | -29 | -9 | -4 |
| OPM % | 11.3% | 17.8% | 16.2% | 15.3% | 10.1% | 518.1% | -104.4% | -23.2% |
| Other income | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 2 | 2 | 2 | 2 | 1 | -31 | -0 | -5 |
| EPS (₹) | 1.17 | 1.20 | 1.13 | 0.84 | 0.51 | -16.37 | 0.26 | -2.51 |
| Revenue YoY | -41.1% | -125.9% | -69.9% | -26.1% | ||||
| Profit YoY | -46.6% | -1,542.3% | -103.5% | -397.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 75 | 81 | 82 | 102 | 43 | 37 |
| EBITDA | 9 | 9 | 14 | 14 | -33 | -40 |
| Net profit | 6 | 5 | 6 | 7 | -28 | -35 |
| EPS (₹) | 4.03 | 3.28 | 3.88 | 4.14 | -14.79 | -18.11 |
| Revenue growth | +8.2% | +0.4% | +25.1% | -57.9% | -63.8% | |
| Profit growth | -16.3% | +22.2% | +17.1% | -512.8% | -557.0% | |
| Dividend / share (₹) | – | – | 0.25 | 0.45 | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -19.1% | – | -63.8% |
| Net profit | – | – | -557.0% |
| EPS | – | – | – |
| Share price | – | -57.5% (2y) | -59.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 57 | 66 | 104 | 72 |
| Borrowings | – | 13 | 16 | 15 | 20 |
| Cash & equivalents | – | 7 | 7 | 13 | 6 |
| Total assets | – | 108 | 115 | 142 | 119 |
| Fixed assets | – | 17 | 9 | 9 | 8 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 1 |
| Receivables | – | 18 | 24 | 28 | 21 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 16 | 9 | 11 | 13 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 4 | 2 | -2 | -14 | -3 |
| Cash from investing | -6 | -6 | -3 | -3 | 4 |
| Cash from financing | 1 | 8 | 4 | 25 | -0 |
| Capex | 3 | 7 | 2 | 4 | 5 |
| Free cash flow | 1 | -5 | -4 | -18 | -8 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.5% | 8.9% | 6.7% | -39.4% |
| ROCE % | – | 10.5% | 12.0% | 9.5% | -39.5% |
| Debtor days | – | 80 | 108 | 102 | 181 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 72 | 41 | 39 | 112 |
| Cash conversion cycle (days) | – | 8 | 67 | 63 | 69 |
| Working capital days | – | 212 | 236 | 287 | 404 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 49.44% |
| FIIs | 1.96% |
| Public (non-institutions) | 48.60% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 49.42% | 49.42% | 49.44% | 49.44% | 49.44% | 49.44% | 49.44% | 49.44% |
| Promoter group | % |
|---|---|
| Pandurang Balkrishna Dandawate | 21.31% |
| Jayashri Pandurang Dandawate | 15.32% |
| Tanvi Tejas Auti | 8.37% |
| Prutha Pandurang Dandawate . | 2.64% |
| Sandeep Balkrishna Dandawate | 1.72% |
| Tejas Dasharath Auti | 0.08% |
| Pandurang Balkrishna Dandawate HUF . | 0.01% |
| Public holders above 1% | % |
|---|---|
| Dheeraj Kumar Lohia | 2.74% |
| Rajasthan Global Securities Private Limited | 2.64% |
| Dandawate Anjali Mahesh | 1.70% |
| Mukesh Sharma | 1.53% |
| Aegis Investment Fund PCC | 1.40% |
| Asha Devi Mohta | 1.08% |
| Deenyar Sheriar Jehani | 1.07% |
5,951 shareholders. Pledged: – of promoter shares.
Peers in Consulting Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CMPDI | ₹13,113 cr | 21.4x | 5.7x | 26.9% | 36.1% | 33.6% | – | 2.86% |
| QLL | ₹798 cr | 37.7x | 5.7x | 13.4% | 16.4% | 23.5% | – | – |
| IIRM | ₹713 cr | 29.1x | 4.5x | 16.5% | 18.8% | 23.3% | +551.9% | – |
| MSECL | ₹337 cr | 9.0x | 1.6x | 17.2% | 24.1% | 29.7% | – | – |
| LIKHAMI | ₹307 cr | 965.6x | 8.8x | 0.9% | 0.9% | 40.6% | +8.1% | – |
| EKANSH | ₹244 cr | 37.1x | 5.4x | -7.5% | 2.4% | -7.9% | -26.3% | – |
| EKI | ₹210 cr | 6.6x | 0.6x | -7.8% | -7.8% | -23.4% | -59.0% | 0.01% |
| AAATECH | ₹141 cr | 66.1x | 4.5x | 6.9% | 9.1% | 8.1% | -4.0% | 1.37% |
| TECHKGREEN | ₹89 cr | 9.2x | 2.4x | 29.5% | 34.1% | 36.2% | – | – |
| DHRUV | ₹38 cr | – | 0.5x | -39.7% | -46.6% | -106.5% | -19.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-02-14 | Dividend | Interim Dividend - Re 0.10 Per Share |
| 2024-11-22 | Dividend | Interim Dividend - Re 0.10 Per Share |
| 2024-08-26 | Dividend | Dividend - Re 0.25 Per Share |
| 2024-08-26 | Other | Annual General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2023-09-05 | Dividend | Interim Dividend - Re 0.25 Per Share |
| 2022-09-01 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Consulting Services |
| Sub-industry | Consulting Services |
| Symbol | DHRUV |
| BSE code | 541302 |
| ISIN | INE506Z01015 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.