Dhariwalcorp

  • Market Cap: Micro Cap
  • Industry: Specialty Chemicals
  • ISIN: INE0YRN01017
  • NSEID: DHARIWAL
  • BSEID:
INR
331.55
0.00 (0.00%)
BSENSE

Dec 04

BSE+NSE Vol: 348600

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

3.49 lacs (280.73%) Volume

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.12%

Held by 0 DIIs

Promoter

73.67%

When is the next results date for Dhariwalcorp?

06-Jun-2025

No Upcoming Board Meetings

Has Dhariwalcorp declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Dhariwalcorp?

04-Jun-2025

Dhariwalcorp's peers include Pidilite Industries, SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Deepak, Resonance Specialty, Deep Polymers, KKalpana Industries, and Alkali Metals. In terms of management risk, growth, and capital structure, they vary from excellent to below average, with Himadri Special showing the highest 1-year return at 40.96% and Dhariwalcorp at 0.00%.

Peers: The peers of Dhariwalcorp are Pidilite Inds., SRF, Gujarat Fluoroch, Deepak Nitrite, Himadri Special, Deepak, Resonance Speci., Deep Polymers, KKalpana Inds., and Alkali Metals.<BR><BR>Quality Snapshot: Excellent management risk is observed at Deepak Nitrite and Deepak, while Good management risk is found at Pidilite Inds. and SRF. Average management risk is noted for Gujarat Fluoroch, Himadri Special, Resonance Speci., and Alkali Metals, while Below Average management risk is seen at Deep Polymers and KKalpana Inds. In terms of Growth, Good growth is seen at Himadri Special and Dhariwalcorp, Average growth is noted for Pidilite Inds. and SRF, while Below Average growth is observed at Gujarat Fluoroch, Deepak Nitrite, Deepak, Resonance Speci., KKalpana Inds., and Alkali Metals, and the rest have Below Average growth. For Capital Structure, Excellent capital structure is found at Pidilite Inds., SRF, Deepak Nitrite, Deepak, and Resonance Speci., while Good capital structure is noted for Himadri Special and Deep Polymers, Average capital structure is seen at Dhariwalcorp, and Below Average capital structure is observed at KKalpana Inds. and Alkali Metals.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Himadri Special at 40.96%, while the peer with the lowest 1-year return is Deep Polymers at -36.06%. Dhariwalcorp's 1-year return is 0.00%, which is lower than both of these peers. Additionally, Deep Polymers, KKalpana Inds., and Alkali Metals have negative six-month returns.

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What is the technical trend for Dhariwalcorp?

09-Jun-2025

As of June 2, 2025, Dhariwalcorp's trend is sideways with mixed signals: weekly indicators suggest mild bullishness, while daily moving averages are mildly bearish, resulting in a neutral stance overall.

As of 2 June 2025, the technical trend for Dhariwalcorp has changed from mildly bullish to sideways. The weekly MACD and Bollinger Bands indicate a bullish stance, while the daily moving averages are mildly bearish, creating a mixed picture. The Dow Theory shows a mildly bullish trend on the weekly timeframe, but there is no clear trend on the monthly level. Overall, the current stance is neutral with a lack of strong directional momentum, as indicated by the absence of signals in the RSI and OBV.

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What does Dhariwalcorp do?

17-Jul-2025

Dhariwalcorp Ltd operates in the specialty chemicals industry as a micro-cap company, having transitioned from a private to a public entity in 2024. It has a market cap of INR 129 Cr, with a P/E ratio of 36.00 and a return on equity of 40.69%.

Overview:<BR>Dhariwalcorp Ltd operates in the specialty chemicals industry and is categorized as a micro-cap company.<BR><BR>History:<BR>Dhariwalcorp Ltd was originally incorporated as "Dhariwalcorp Private Limited" in 2020. The company later changed its status to a public limited entity and adopted the name "Dhariwalcorp Limited," with the latest certificate of incorporation issued on May 04, 2024. Revenue and profit data for the most recent quarter are not available.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 129 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 36.00<BR>Industry P/E: 19<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.99<BR>Return on Equity: 40.69%<BR>Price-to-Book: 14.73<BR><BR>Contact Details:<BR>Registrar Address: Not available.

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Who are the top shareholders of the Dhariwalcorp?

17-Jul-2025

The top shareholder of Dhariwalcorp is Shakshi Dhariwal, holding 36.75%, with no pledged promoter holdings. The highest public shareholder is Beacon Stone Capital Vcc - Beacon Stone I at 2.24%, while individual investors own 16.84% of the company.

The top shareholders of Dhariwalcorp primarily consist of promoters, with Shakshi Dhariwal holding the largest share at 36.75%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Beacon Stone Capital Vcc - Beacon Stone I, which holds 2.24%. Additionally, individual investors collectively own 16.84% of the company.

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How big is Dhariwalcorp?

24-Jul-2025

As of 24th July, Dhariwalcorp Ltd has a market capitalization of 142.00 Cr, classifying it as a Micro Cap company. There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.

As of 24th July, <BR><BR>Market Cap: Dhariwalcorp Ltd has a market capitalization of 142.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales and Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 34.62 Cr and Total Assets valued at 67.64 Cr.

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Is Dhariwalcorp overvalued or undervalued?

29-Aug-2025

As of August 28, 2025, Dhariwalcorp is considered overvalued with a PE ratio of 40.99 and an EV to EBITDA of 49.30, despite a strong year-to-date stock return of 25.38%, especially when compared to its peers like Agarwal Industrial, which has much lower valuation metrics.

As of 28 August 2025, Dhariwalcorp's valuation grade has moved from fair to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 40.99, an EV to EBITDA ratio of 49.30, and a ROE of 10.28%. In comparison, peers such as Agarwal Industrial, which is rated very attractive, boasts a much lower PE ratio of 12.94 and an EV to EBITDA of 8.47, highlighting the disparity in valuation metrics.<BR><BR>Additionally, while Dhariwalcorp has shown a year-to-date stock return of 25.38%, significantly outperforming the Sensex's 3.62%, the high valuation ratios suggest that this performance may not be sustainable. The company's EV to Sales ratio stands at 0.67, further emphasizing its inflated valuation relative to its peers. Overall, the combination of high valuation ratios and peer comparisons strongly supports the conclusion that Dhariwalcorp is overvalued in the current market environment.

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How has been the historical performance of Dhariwalcorp?

15-Nov-2025

Dhariwalcorp has shown steady growth in net sales, increasing from 193.93 Cr in Mar'23 to 233.51 Cr in Mar'25, but faced declining profits and EPS due to rising expenditures. Total assets and liabilities both significantly increased, reflecting higher inventories and short-term borrowings.

Answer:<BR>The historical performance of Dhariwalcorp shows a steady increase in net sales and total operating income over the past three years, with figures rising from 193.93 Cr in Mar'23 to 233.51 Cr in Mar'25. The total expenditure has also increased, reaching 230.32 Cr in Mar'25, which has impacted the operating profit, resulting in a decrease from 6.68 Cr in Mar'24 to 6.15 Cr in Mar'25. Profit before tax has shown a decline from 6.02 Cr in Mar'24 to 4.98 Cr in Mar'25, while profit after tax decreased from 4.51 Cr to 3.56 Cr in the same period. The earnings per share (EPS) have also decreased from 6.85 in Mar'24 to 3.98 in Mar'25. On the balance sheet, total assets have significantly increased from 19.61 Cr in Mar'23 to 67.64 Cr in Mar'25, driven by a rise in inventories and current assets. Total liabilities have also increased, from 19.61 Cr to 67.64 Cr, primarily due to higher short-term borrowings and trade payables.<BR><BR>Breakdown:<BR>Dhariwalcorp's financial performance has shown a consistent upward trend in net sales and total operating income, with net sales increasing from 193.93 Cr in Mar'23 to 233.51 Cr in Mar'25. However, total expenditure has also risen, leading to a decline in operating profit from 6.68 Cr in Mar'24 to 6.15 Cr in Mar'25. This decline is reflected in the profit before tax, which decreased from 6.02 Cr to 4.98 Cr, and profit after tax, which fell from 4.51 Cr to 3.56 Cr. The company's EPS has also dropped from 6.85 to 3.98 during this period. On the balance sheet, total assets surged from 19.61 Cr to 67.64 Cr, largely due to increased inventories and current assets, while total liabilities rose correspondingly, indicating a growing reliance on short-term borrowings and trade payables.

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Why is Dhariwalcorp falling/rising?

05-Dec-2025

As of 04-Dec, Dhariwalcorp Ltd's stock price is 331.55, down 2.0% after reaching a new high of Rs. 371.3. Despite strong long-term gains, recent declines in investor participation have led to a short-term downturn.

As of 04-Dec, Dhariwalcorp Ltd's stock price is currently at 331.55, reflecting a decrease of 6.75, or 2.0%. This decline comes despite the stock having recently reached a new 52-week and all-time high of Rs. 371.3 earlier today. Over the past week, the stock has underperformed significantly, with a drop of 9.59%, while the benchmark Sensex has only decreased by 0.69%. <BR><BR>In terms of longer-term performance, Dhariwalcorp has shown impressive gains, with a year-to-date increase of 155.04% and a one-year increase of 169.55%, far surpassing the Sensex's respective gains of 10.10% and 6.40%. However, the stock's current performance is being negatively impacted by a notable decline in investor participation, as evidenced by a 71.01% drop in delivery volume compared to the five-day average. <BR><BR>Despite trading above all key moving averages, the falling investor participation suggests a lack of sustained buying interest, contributing to the stock's current decline. Overall, while Dhariwalcorp has had a strong performance over the longer term, recent trends indicate a short-term downturn.

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iScoreScore
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Strong Sell
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Strong Buy

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stock-summaryMojo Parameters
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Stock DNA
stock-summary
Industry

Specialty Chemicals

stock-summary
Market cap

INR 332 Cr (Micro Cap)

stock-summary
P/E

85.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.33

stock-summary
Return on Equity

10.28%

stock-summary
Price to Book

9.14

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
89.62%
0%
89.62%
6 Months
122.52%
0%
122.52%
1 Year
156.72%
0%
156.72%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Dhariwalcorp for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
9.70%
EBIT Growth (5y)
93.13%
EBIT to Interest (avg)
2.48
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.33
Sales to Capital Employed (avg)
0
Tax Ratio
28.71%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.12%
ROCE (avg)
0
ROE (avg)
28.56%
Valuation key factors
Factor
Value
P/E Ratio
85
Industry P/E
0
Price to Book Value
8.75
EV to EBIT
106.86
EV to EBITDA
98.49
EV to Capital Employed
6.83
EV to Sales
1.35
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
6.40%
ROE (Latest)
10.28%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Manish Dhariwalt (36.92%)

Highest Public shareholder

None

Individual Investors Holdings

23.6%

stock-summaryFinancial
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    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Dhariwalcorp"
  },
  {
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    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Mar'25",
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        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Mar 2025 is -5.85% vs 8.10% in Sep 2024",
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        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Mar 2025 is -67.54% vs 77.48% in Sep 2024",
        "dir": -1
      }
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        "Mar'25",
        "Sep'24",
        "Change(%)"
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          "val2": "120.27",
          "chgp": "-5.85%",
          "chgp_class": "negative"
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.66",
          "val2": "2.52",
          "chgp": "-73.81%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.49",
          "val2": "0.42",
          "chgp": "16.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.87",
          "val2": "2.68",
          "chgp": "-67.54%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.58%",
          "val2": "2.10%",
          "chgp": "-1.52%",
          "chgp_class": "negative"
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  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Dhariwalcorp"
  },
  {
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    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 2.06% vs 17.98% in Mar 2024",
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        "suffix": "YoY Growth in year ended Mar 2025 is -21.06% vs 651.67% in Mar 2024",
        "dir": -1
      }
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    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
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          "field": "Net Sales",
          "val1": "233.51",
          "val2": "228.80",
          "chgp": "2.06%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "3.19",
          "val2": "4.37",
          "chgp": "-27.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.91",
          "val2": "0.57",
          "chgp": "59.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "3.56",
          "val2": "4.51",
          "chgp": "-21.06%",
          "chgp_class": "negative"
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "1.37%",
          "val2": "1.91%",
          "chgp": "-0.54%",
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Half Yearly Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Sep'24
Change(%)
Net Sales
113.24
120.27
-5.85%
Operating Profit (PBDIT) excl Other Income
0.66
2.52
-73.81%
Interest
0.49
0.42
16.67%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.87
2.68
-67.54%
Operating Profit Margin (Excl OI)
0.58%
2.10%
-1.52%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Mar 2025 is -5.85% vs 8.10% in Sep 2024

Direction Arrows
Standalone Net Profit

Growth in half year ended Mar 2025 is -67.54% vs 77.48% in Sep 2024

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
233.51
228.80
2.06%
Operating Profit (PBDIT) excl Other Income
3.19
4.37
-27.00%
Interest
0.91
0.57
59.65%
Exceptional Items
0.00
0.00
Standalone Net Profit
3.56
4.51
-21.06%
Operating Profit Margin (Excl OI)
1.37%
1.91%
-0.54%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 2.06% vs 17.98% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is -21.06% vs 651.67% in Mar 2024

stock-summaryCompany CV
About Dhariwalcorp Ltd stock-summary
stock-summary
Dhariwalcorp Ltd
Micro Cap
Specialty Chemicals
Dhariwalcorp Limited was originally incorporated under the name "Dhariwalcorp Private Limited" vide Certificate of Incorporation dated June 14, 2020, issued by the Assistant Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to Public Limited and the name was changed to "Dhariwalcorp Limited". The fresh Certificate of Incorporation consequent to conversion was issued on May 04, 2024, by Registrar of Companies, Centralised Processing Centre.
Company Coordinates stock-summary
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