Dhunseri Ventures Limited
NSE: DVL · Packaging · sector
₹252.60NSE close 2026-10-26
Key numbers
Market cap₹885 cr
Price₹252.60
52w high / low₹344 / ₹187
P/E4.6xSector median 16.2x
P/B0.3xSector median 1.4x
Book value₹938.4
Dividend yield3.37%Sector median 0.58%
ROE10.2%Sector median 9.8%
ROCE0.1%Sector median 11.6%
OPM-12.3%Sector median 9.2%
Debt / equity0.29xSector median 0.39x
EV/EBITDA–Sector median 7.7x
Interest cover0.1x
Current ratio5.16x
Sales growth 3y+3.3%Sector median +4.7%
Profit growth 3y–Sector median +0.8%
PEG0.02x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 63 companies in Packaging (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹824 cr vs borrowings ₹951 cr (FY26): borrowings are higher by ₹127 cr.
- Borrowings rose in each of the last 3 years (₹175 cr → ₹951 cr).
- Operating profit covered interest 0.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 45% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹252.60 on 2026-10-26: -26.7% from the 52-week high, +35.1% 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 ₹512.25 · low ₹202.98
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 168 | 122 | 68 | 173 | 82 | 72 | 71 | 232 |
| EBITDA | 47 | 2 | -49 | 83 | -44 | -42 | -61 | 91 |
| OPM % | 27.9% | 1.9% | -72.0% | 48.1% | -54.2% | -59.0% | -85.5% | 39.3% |
| Other income | 1 | 1 | 3 | 20 | 23 | 18 | 22 | 25 |
| Net profit | 26 | -1 | -42 | 71 | -11 | 6 | 24 | 174 |
| EPS (₹) | 24.74 | -0.92 | -40.09 | 20.35 | -3.05 | 1.72 | 6.95 | 49.76 |
| Revenue YoY | -51.1% | -41.5% | +3.7% | +33.5% | ||||
| Profit YoY | -141.1% | – | – | +144.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 349 | 337 | 395 | 456 | 372 | 456 |
| EBITDA | -113 | -12 | -137 | 6 | -62 | -56 |
| Net profit | -94 | -24 | -141 | -20 | 91 | 194 |
| EPS (₹) | -89.68 | -22.64 | -134.29 | -19.08 | 25.97 | 55.38 |
| Revenue growth | -3.3% | +17.2% | +15.4% | -18.5% | -14.2% | |
| Profit growth | – | – | – | – | +258.1% | |
| Dividend / share (₹) | 7.50 | 8.00 | 8.00 | 5.00 | 8.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.3% | -0.3% | -14.3% |
| Net profit | – | +24.3% | +258.1% |
| EPS | – | -9.9% | – |
| Share price | – | -21.3% (2y) | -21.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 697 | 522 | 520 | 3,288 |
| Borrowings | – | 175 | 248 | 257 | 951 |
| Cash & equivalents | – | 57 | 13 | 20 | 824 |
| Total assets | – | 1,123 | 953 | 959 | 4,878 |
| Fixed assets | – | 756 | 678 | 711 | 570 |
| Capital work in progress | – | 91 | 72 | 79 | 819 |
| Investments | – | 19 | 16 | 12 | 177 |
| Receivables | – | 20 | 19 | 14 | 15 |
| Inventory | – | 98 | 77 | 72 | 47 |
| Payables | – | 38 | 45 | 39 | 48 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 33 | 20 | -83 | -2 | -102 |
| Cash from investing | -36 | -61 | 23 | 25 | -410 |
| Cash from financing | 5 | 56 | 52 | -16 | 467 |
| Capex | 53 | 204 | 43 | 32 | 721 |
| Free cash flow | -20 | -184 | -126 | -34 | -822 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -3.4% | -27.0% | -3.9% | 2.8% |
| ROCE % | – | -2.4% | -19.4% | -0.9% | -0.1% |
| Debtor days | – | 22 | 17 | 11 | 14 |
| Inventory days | – | 1,768 | 724 | 2,910 | 71 |
| Payable days | – | 693 | 425 | 1,593 | 73 |
| Cash conversion cycle (days) | – | 1,097 | 316 | 1,328 | 12 |
| Working capital days | – | -37 | -136 | -74 | 749 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 0.54% |
| DIIs | 1.74% |
| of which Mutual funds | 0.00% |
| of which Insurance | 1.72% |
| Government | 0.00% |
| Public (non-institutions) | 22.72% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| Promoter group | % |
|---|---|
| Dhunseri Investments Limited | 65.23% |
| Mint Investments Limited | 5.94% |
| Chandra Kumar Dhanuka Karta of Shankarlal Chandra Kumar (HUF) | 1.16% |
| Trimplex Investments Limited | 0.82% |
| Mrigank Dhanuka | 0.33% |
| Chandra Kumar Dhanuka | 0.27% |
| Chandra Kumar Dhanuka, Trustee, Aman Dhanuka Trust | 0.26% |
| Chandra Kumar Dhanuka, Trustee, Ayaan Dhanuka Trust | 0.26% |
| Madhuting Tea Private Limited | 0.26% |
| Aruna Dhanuka | 0.24% |
| Chandra Kumar Dhanuka, Trustee, Shree Shaligram Trust | 0.13% |
| Tarulika Khaitan | 0.03% |
| Mitali Khaitan | 0.03% |
| Pavitra Khaitan | 0.03% |
| Chandra Kumar Dhanuka, Partner, SEW Bhagwan & Sons | 0.01% |
| Public holders above 1% | % |
|---|---|
| The NEW India Assurance Company Limited | 1.72% |
| Chakkalakkal Kunjuvareed Steephen | 1.66% |
22,672 shareholders. Pledged: 0.00% of promoter shares.
Peers in Packaging
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EPL | ₹7,100 cr | 18.3x | 2.5x | 14.9% | 17.0% | 19.3% | +8.8% | 2.25% |
| AGI | ₹4,590 cr | 12.7x | 1.9x | 16.1% | 19.6% | 22.5% | +5.3% | 0.98% |
| UFLEX | ₹4,111 cr | 6.0x | 0.5x | 8.8% | 8.9% | 13.5% | +1.6% | 0.53% |
| TCPLPACK | ₹3,649 cr | 31.6x | 5.1x | 16.9% | 17.8% | 15.3% | +7.9% | 0.75% |
| JINDALPOLY | ₹2,976 cr | – | 1.0x | -27.6% | -17.5% | -78.1% | -14.4% | 0.87% |
| POLYPLEX | ₹2,943 cr | 18.9x | 0.7x | 3.9% | 6.9% | 7.8% | -2.5% | 1.55% |
| XPROINDIA | ₹2,278 cr | 69.0x | 3.0x | 4.8% | 5.2% | 9.3% | -0.4% | 0.20% |
| KNACK | ₹2,038 cr | – | – | – | – | – | – | – |
| MOLDTKPAC | ₹1,928 cr | 25.3x | 2.8x | 11.4% | 13.4% | 19.1% | +6.7% | 0.69% |
| DVL | ₹885 cr | 4.6x | 0.3x | 10.2% | 0.1% | -12.3% | +3.3% | 3.37% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Flexible Packaging Items | ₹350 cr | 87.3% | ₹23 cr | 6.6% |
| Foods and Beverages (discontinued operations) | ₹30 cr | 7.4% | ₹0 cr | 0.1% |
| Treasury Operations | ₹21 cr | 5.3% | ₹-64 cr | -300.0% |
| Trading | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-11 | Dividend | Dividend - Rs 1.50 Per Share |
| 2026-02-27 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2025-08-01 | Dividend | Dividend - Rs 5 Per Share |
| 2024-08-14 | Other | Annual General Meeting |
| 2024-08-13 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2023-09-13 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2023-09-12 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-08-24 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2022-07-29 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-08-05 | Bonus | Bonus 1:2 |
| 2021-08-05 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2021-07-01 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2020-09-16 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
| 2020-09-15 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2019-08-06 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2019-08-05 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2018-08-02 | Dividend | Annual General Meeting / Dividend- Rs 3.50 Per Share |
| 2018-07-30 | Dividend | Annual General Meeting/Dividend- Rs 8 Per Share |
| 2017-07-28 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2017-07-28 | Dividend | Annual General Meeting/Dividend - Rs 8/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY25
- Annual report FY24
- 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 | Industrials |
| Industry | Packaging |
| Sub-industry | Packaging |
| Symbol | DVL |
| BSE code | 523736 |
| ISIN | INE477B01010 |
| 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.