Dhariwalcorp

  • Market Cap: Micro Cap
  • Industry: Specialty Chemicals
  • ISIN: INE0YRN01025
  • NSEID: DHARIWAL
  • BSEID:
INR
30.95
-1.15 (-3.58%)
BSENSE

Jun 11, 03:30 PM

BSE+NSE Vol: 21000

  • 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

21.0 k (-73.68%) Volume

Shareholding (Mar 2026)

FII

0.00%

Held by 0 FIIs

DII

4.05%

Held by 0 DIIs

Promoter

63.65%

Why is Dhariwalcorp Ltd falling/rising?

12-Jun-2026

As of 11-Jun, Dhariwalcorp Ltd's stock price is at 30.95, down 3.58%, and has underperformed its sector by 2.67%. The stock is consistently trading below its moving averages and has seen a significant drop in investor participation, indicating a troubling trend with a year-to-date decline of 57.15% compared to the Sensex's 11.36% drop.

As of 11-Jun, Dhariwalcorp Ltd's stock price is falling, currently at 30.95, which reflects a change of -1.15 or -3.58%. The stock has underperformed its sector by 2.67% today, indicating a weaker performance compared to its peers. Additionally, the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a consistent downward trend in price over various time frames.<BR><BR>Investor participation has also decreased, with a delivery volume of 48,000 shares on June 9, which is a significant drop of 65.67% compared to the 5-day average delivery volume. This decline in trading activity may indicate reduced interest from investors, further contributing to the stock's falling price.<BR><BR>Looking at broader performance metrics, the stock has experienced a year-to-date decline of 57.15%, significantly underperforming the benchmark Sensex, which has only fallen by 11.36% during the same period. Over the past month, Dhariwalcorp's stock has decreased by 17.14%, while the Sensex has only declined by 2.75%. These figures highlight a troubling trend for Dhariwalcorp Ltd, as it continues to struggle in the market.

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What does Dhariwalcorp do?

11-Jun-2026

Dhariwalcorp Ltd operates in the specialty chemicals industry as a micro-cap company, having transitioned from a private to a public limited company in 2024. It currently has no available revenue or profit data, with a market cap of INR 302 Cr and a P/E ratio of 35.00.

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 company and adopted the name "Dhariwalcorp Limited," with the fresh Certificate of Incorporation issued on May 04, 2024. Revenue and profit data are not available for any reporting period.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 302 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 35.00<BR>Industry P/E: 14<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.33<BR>Return on Equity: 24.81%<BR>Price-to-Book: 8.68<BR><BR>Contact Details:<BR>Registrar Address: Not available.

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Which are the latest news on Dhariwalcorp?

11-Jun-2026
No latest news for Dhariwalcorp found.

How big is Dhariwalcorp?

11-Jun-2026

As of 10th June, Dhariwalcorp Ltd has a market capitalization of 302.00 Cr, classifying it as a Micro Cap company, with Shareholder's Funds of 34.62 Cr and Total Assets of 67.64 Cr reported as of March 2025. There is no valid financial data available for the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Dhariwalcorp Ltd has a market capitalization of 302.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: The latest 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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Who are the peers of the Dhariwalcorp?

11-Jun-2026

Dhariwalcorp's peers include Plastiblends (I), HP Adhesives, Aarti Surfactant, Dynemic Products, and others. Dhariwalcorp shows excellent management and growth, with a 1-year return of 6.21%, outperforming peers like HP Adhesives, which has a return of -34.09%.

Peers: The peers of Dhariwalcorp are Plastiblends (I), HP Adhesives, Aarti Surfactant, Dynemic Products, Diamines & Chem., Narmada Gelatine, Indian Toners, India Gelatine, and Nikhil Adhesives.<BR><BR>Quality Snapshot: Excellent management risk is observed at Narmada Gelatine, India Gelatine, and Nikhil Adhesives, while Average management risk is found at Plastiblends (I), HP Adhesives, Aarti Surfactant, Dynemic Products, Diamines & Chem., and Indian Toners, and the rest. Good growth is seen at Narmada Gelatine and Dhariwalcorp, while Below Average growth is noted for Plastiblends (I), HP Adhesives, Aarti Surfactant, Dynemic Products, Diamines & Chem., and the rest. Excellent capital structure is present at Plastiblends (I), HP Adhesives, Diamines & Chem., Indian Toners, and India Gelatine, while Below Average capital structure is noted for Dhariwalcorp, Aarti Surfactant, Dynemic Products, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Dhariwalcorp at 6.21%, while the peer with the lowest is HP Adhesives at -34.09%. Dhariwalcorp's return is significantly better than that of HP Adhesives. Additionally, several peers, including Aarti Surfactant, Dynemic Products, Diamines & Chem., and others, have negative six-month returns.

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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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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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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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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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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

iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Unrated Stock - No Analysis Available
stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Specialty Chemicals

stock-summary
Market cap

INR 302 Cr (Micro Cap)

stock-summary
P/E

34.00

stock-summary
Industry P/E

14

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.33

stock-summary
Return on Equity

24.81%

stock-summary
Price to Book

8.72

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
-18.23%
0%
-18.23%
6 Months
-49.42%
0%
-49.42%
1 Year
6.72%
0%
6.72%
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
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Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Icon
No Recent News for the Company

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

Dhariwalcorp Ltd has announced 2:10 stock split, ex-date: 06 Feb 26

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

Dhariwalcorp Ltd has announced 1:1 rights issue, ex-date: 27 Feb 26

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
6.80%
EBIT Growth (5y)
87.58%
EBIT to Interest (avg)
2.90
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.33
Sales to Capital Employed (avg)
0
Tax Ratio
24.12%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
4.05%
ROCE (avg)
0
ROE (avg)
28.56%

Valuation key factors

Factor
Value
P/E Ratio
34
Industry P/E
0
Price to Book Value
8.41
EV to EBIT
52.03
EV to EBITDA
49.00
EV to Capital Employed
6.58
EV to Sales
1.28
PEG Ratio
2.28
Dividend Yield
NA
ROCE (Latest)
12.64%
ROE (Latest)
24.81%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Dow Theory
Bearish
Bearish
OBV
No Trend
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2026stock-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

Shakshi Dhariwal (32.47%)

Highest Public shareholder

M/s. Indo Thai Securities Limited-investment Account .-prop (7.55%)

Individual Investors Holdings

22.24%

stock-summaryFinancial
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    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Dhariwalcorp"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 4.79% vs -5.85% in Mar 2025",
        "dir": 1
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        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 255.17% vs -67.54% in Mar 2025",
        "dir": 1
      }
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      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
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          "val2": "113.24",
          "chgp": "4.79%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "3.56",
          "val2": "0.66",
          "chgp": "439.39%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.79",
          "val2": "0.49",
          "chgp": "61.22%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "3.09",
          "val2": "0.87",
          "chgp": "255.17%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "3.00%",
          "val2": "0.58%",
          "chgp": "2.42%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Dhariwalcorp"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 2.06% vs 17.98% in Mar 2024",
        "dir": -1
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      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is -21.06% vs 651.67% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "233.51",
          "val2": "228.80",
          "chgp": "2.06%",
          "chgp_class": "positive"
        },
        {
          "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"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "1.37%",
          "val2": "1.91%",
          "chgp": "-0.54%",
          "chgp_class": "negative"
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    }
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]

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

Sep'25
Mar'25
Change(%)
Net Sales
118.66
113.24
4.79%
Operating Profit (PBDIT) excl Other Income
3.56
0.66
439.39%
Interest
0.79
0.49
61.22%
Exceptional Items
0.00
0.00
Standalone Net Profit
3.09
0.87
255.17%
Operating Profit Margin (Excl OI)
3.00%
0.58%
2.42%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 4.79% vs -5.85% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is 255.17% vs -67.54% in Mar 2025

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.
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