Dharni Capital

  • Market Cap: Micro Cap
  • Industry: Capital Markets
  • ISIN: INE0M9Q01011
  • NSEID:
  • BSEID: 543753
INR
55.00
0.00 (0.00%)
BSENSE

Sep 01, 03:30 PM

BSE+NSE Vol: 3000

  • 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

3.0 k

Shareholding (Jun 2026)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

73.64%

Why is Dharni Capital Services Ltd falling/rising?

01-Sep-2026

As of 31-Aug, the stock price of Dharni Capital Services Ltd is Rs 55.00, unchanged from the previous session, and has declined 15.38% over the past month. The stock is close to its 52-week low and shows a bearish trend, with decreased investor participation and underperformance against its moving averages.

As of 31-Aug, the stock price of Dharni Capital Services Ltd is currently at Rs 55.00, showing no change from the previous trading session. The stock has experienced a decline of 15.38% over the past month, while the benchmark Sensex has only fallen by 1.46% during the same period. Year-to-date, the stock is down 7.25%, compared to a 9.70% decline in the Sensex.<BR><BR>Additionally, the stock is currently 4.55% away from its 52-week low of Rs 52.5, indicating it is close to a significant low point. The stock's performance today has outperformed its sector by 0.4%, but this is overshadowed by the overall negative trends. There has been erratic trading, with the stock not trading on 4 out of the last 20 days, and a notable decrease in investor participation, as evidenced by a 37.5% drop in delivery volume on August 27 compared to the 5-day average.<BR><BR>While the stock is trading above its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a bearish trend in the short to medium term. Overall, these factors contribute to the perception that Dharni Capital Services Ltd is experiencing a decline in stock price.

View full answer

Who are in the management team of Dharni Capital?

01-Sep-2026

The management team of Dharni Capital consists of Hemant Dharnidharka (Chairman & Managing Director), Preeti Saraogi (Non-Executive Director), Jaideep Mittra (Independent Non-Executive Director), and Vinay Agarwal (Independent Non-Executive Director).

The management team of Dharni Capital includes the following individuals:<BR><BR>1. **Hemant Dharnidharka** - Chairman & Managing Director<BR>2. **Preeti Saraogi** - Non-Executive Director<BR>3. **Jaideep Mittra** - Independent Non-Executive Director<BR>4. **Vinay Agarwal** - Independent Non-Executive Director<BR><BR>If you need more details about their roles or the company's activities, feel free to ask!

View full answer

What does Dharni Capital do?

01-Sep-2026

Dharni Capital Services Ltd is a micro-cap company in the capital markets industry, incorporated in 2015 and publicly listed since 2022. It has a market cap of INR 112 Cr, with key metrics including a P/E ratio of 24.00 and a debt-equity ratio of 0.15.

Overview: <BR>Dharni Capital Services Ltd operates in the capital markets industry and is categorized as a micro-cap company.<BR><BR>History: <BR>Dharni Capital Services Ltd was incorporated in 2015 as Dharni Online Services Private Limited. The company changed its name to Dharni Capital Services Private Limited on March 28, 2022, and subsequently converted to a public limited company, adopting the name Dharni Capital Services Limited on May 17, 2022. Revenue and profit data for the latest 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 112 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 24.00 <BR>Industry P/E: 21 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.15 <BR>Return on Equity: 18.08% <BR>Price-to-Book: 4.34 <BR><BR>Contact Details: <BR>Address: Not available <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

View full answer

Who are the peers of the Dharni Capital?

01-Sep-2026

Dharni Capital's peers include Rikhav Securitie, Indbank Merchant, LKP Securities, Onelife Capital, Inventure Grow., DB Intl.Stock, Munoth Capital, Asit C Mehta Fin, Wallfort Fin., and Steel City Sec. While Dharni Capital shows excellent management and growth, Onelife Capital leads in 1-year returns, and several peers have negative returns over six months.

Peers: The peers of Dharni Capital are Rikhav Securitie, Indbank Merchant, LKP Securities, Onelife Capital, Inventure Grow., DB Intl.Stock, Munoth Capital, Asit C Mehta Fin, Wallfort Fin., and Steel City Sec.<BR><BR>Quality Snapshot: Excellent management risk is observed at Dharni Capital, while Below Average management risk is found at Rikhav Securitie, Indbank Merchant, LKP Securities, Onelife Capital, Inventure Grow., DB Intl.Stock, Asit C Mehta Fin, Wallfort Fin., and Steel City Sec. Good growth is noted at Dharni Capital and Onelife Capital, while Average growth is found at LKP Securities, and Below Average growth is observed at Rikhav Securitie, Indbank Merchant, Inventure Grow., DB Intl.Stock, Asit C Mehta Fin, Wallfort Fin., and Steel City Sec. Excellent capital structure is present at Rikhav Securitie, Indbank Merchant, LKP Securities, Onelife Capital, Dharni Capital, Inventure Grow., DB Intl.Stock, Wallfort Fin., and Steel City Sec., while Asit C Mehta Fin has Below Average capital structure, and Munoth Capital does not qualify.<BR><BR>Return Snapshot: Onelife Capital has the highest 1-year return at 169.03%, while Rikhav Securitie has the lowest at -37.09%. Dharni Capital's 1-year return is not available for comparison. Additionally, Inventure Grow., Asit C Mehta Fin, and Wallfort Fin. have negative six-month returns.

View full answer

Which are the latest news on Dharni Capital?

01-Sep-2026
No latest news for Dharni Capital found.

How big is Dharni Capital?

11-Jun-2026

As of 10th June, Dharni Capital Services Ltd has a market capitalization of 132.00 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 10th June, <BR><BR>Market Cap: Dharni Capital Services Ltd has a market capitalization of 132.00 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 latest reporting period is March 2025, with Shareholder's Funds amounting to 21.16 Cr and Total Assets totaling 23.79 Cr.

View full answer

Is Dharni Capital overvalued or undervalued?

07-Nov-2025

As of November 6, 2025, Dharni Capital is considered very expensive and overvalued with high valuation ratios, including a PE ratio of 36.69, compared to peers like Bajaj Finance and Life Insurance, despite a strong year-to-date return of 27.75%.

As of 6 November 2025, the valuation grade for Dharni Capital has moved from risky to very expensive. The company is currently considered overvalued based on its high valuation ratios. Notable ratios include a PE ratio of 36.69, an EV to EBITDA of 35.80, and a PEG ratio of 3.85, all of which are significantly elevated compared to industry norms.<BR><BR>In comparison to peers, Bajaj Finance has a PE ratio of 37.19 and an EV to EBITDA of 19.89, while Life Insurance stands out with a much lower PE ratio of 11.62 and an EV to EBITDA of 9.05, indicating that Dharni Capital is priced at a premium relative to its competitors. Despite a strong year-to-date return of 27.75% compared to the Sensex's 6.62%, the high valuation metrics suggest that the stock may not sustain its current price levels.

View full answer

How has been the historical performance of Dharni Capital?

06-Nov-2025

Dharni Capital's historical performance shows fluctuating trends, with net sales rising to 8.20 Cr in Mar'24 before declining to 6.52 Cr in Mar'25, while profits and assets have generally increased. However, cash flow from operations has declined, indicating challenges in maintaining sales stability.

Answer:<BR>The historical performance of Dharni Capital shows a fluctuating trend in its financial metrics over the past three years.<BR><BR>Breakdown:<BR>Dharni Capital's net sales increased from 4.70 Cr in Mar'23 to 8.20 Cr in Mar'24, but then declined to 6.52 Cr in Mar'25. The total operating income followed a similar pattern, reaching 8.20 Cr in Mar'24 before dropping to 6.52 Cr in Mar'25. The company's operating profit (PBDIT) rose from 1.65 Cr in Mar'23 to 4.29 Cr in Mar'24, and further increased to 5.21 Cr in Mar'25. Profit before tax also showed growth, moving from 1.60 Cr in Mar'23 to 4.14 Cr in Mar'24, and then to 5.03 Cr in Mar'25. Consequently, profit after tax increased from 1.19 Cr in Mar'23 to 3.11 Cr in Mar'24, and further to 3.78 Cr in Mar'25. The earnings per share (EPS) improved significantly from 0.58 in Mar'23 to 1.52 in Mar'24, and then to 1.89 in Mar'25. On the balance sheet, total assets grew from 14.29 Cr in Mar'23 to 19.16 Cr in Mar'24, and reached 23.79 Cr in Mar'25, while total liabilities also increased from 14.29 Cr to 23.79 Cr over the same period. The cash flow from operating activities remained at 0.00 Cr in Mar'25, down from 3.00 Cr in Mar'24, and 1.00 Cr in Mar'23, indicating a decline in cash generation from operations. Overall, while Dharni Capital has shown growth in profits and assets, it has faced challenges in maintaining sales and cash flow stability.

View full answer

What is the technical trend for Dharni Capital?

09-Jun-2025

As of June 6, 2025, Dharni Capital's technical trend is bullish, supported by positive indicators from the MACD, moving averages, and OBV, although caution is advised due to a mildly bearish signal from Dow Theory on the weekly chart.

As of 6 June 2025, the technical trend for Dharni Capital has changed from mildly bullish to bullish. The weekly MACD is bullish, supporting the positive trend, while the daily moving averages also indicate a bullish stance. The Bollinger Bands are bullish on both the weekly and monthly time frames, further reinforcing the upward momentum. The On-Balance Volume (OBV) is bullish on both weekly and monthly charts, indicating strong buying pressure. However, the Dow Theory shows a mildly bearish stance on the weekly chart, which suggests some caution. Overall, the current technical stance is bullish with strong indicators, particularly from MACD, moving averages, and OBV.

View full answer

Who are the top shareholders of the Dharni Capital?

06-Jun-2025

The top shareholder of Dharni Capital is Hemant Dharnidharka, who holds 68.48% of the shares. The highest public shareholder is Prithvi Raj Singh Huf at 4.92%, with individual investors collectively owning 20%.

The top shareholders of Dharni Capital are primarily the promoters, with Hemant Dharnidharka holding the largest share at 68.48%. 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 Prithvi Raj Singh Huf, who owns 4.92%. Additionally, individual investors collectively hold 20% of the shares.

View full answer

When is the next results date for Dharni Capital?

06-Jun-2025

No Upcoming Board Meetings

Has Dharni Capital declared dividend?

06-Jun-2025

No Dividend History Available

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

Icon
Unrated Stock - No Analysis Available
stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Capital Markets

stock-summary
Market cap

INR 112 Cr (Micro Cap)

stock-summary
P/E

24.00

stock-summary
Industry P/E

21

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.15

stock-summary
Return on Equity

18.08%

stock-summary
Price to Book

4.34

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Icon
Company does not have enough history
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

Icon
No Recent News for the Company

Announcements stock-summary

11Th Annual General Meeting To Be Held On September 18 2026

24-Aug-2026 | Source : BSE

Notice of the 11th Annual General Meeting

Reg. 34 (1) Annual Report.

24-Aug-2026 | Source : BSE

Annual Report for the year ended on March 31 2026

Intimation Of Cut-Off Date To Determine The Eligibility Of The Members To Cast Their Vote During 11Th Annual General Meeting

24-Aug-2026 | Source : BSE

Cut-off date for the 11th Annual General Meeting

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)
26.70%
EBIT Growth (5y)
54.58%
Net Debt to Equity (avg)
0.15
Institutional Holding
0
ROE (avg)
18.14%

Valuation key factors

Factor
Value
P/E Ratio
24
Industry P/E
21
Price to Book Value
4.34
EV to EBIT
39.38
EV to EBITDA
36.07
EV to Capital Employed
3.92
EV to Sales
12.12
PEG Ratio
1.13
Dividend Yield
NA
ROCE (Latest)
9.94%
ROE (Latest)
18.08%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
Bullish
Bullish
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
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 : Jun 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

Hemant Dharnidharka (68.48%)

Highest Public shareholder

Prithvi Raj Singh Huf (4.92%)

Individual Investors Holdings

19.68%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Dharni Capital"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Mar'26",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Mar 2026 is 14.35% vs 23.89% in Sep 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Mar 2026 is 1.73% vs 15.50% in Sep 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "5.10",
          "val2": "4.46",
          "chgp": "14.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1.88",
          "val2": "1.35",
          "chgp": "39.26%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.04",
          "val2": "0.03",
          "chgp": "33.33%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "2.35",
          "val2": "2.31",
          "chgp": "1.73%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "36.86%",
          "val2": "30.27%",
          "chgp": "6.59%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Dharni Capital"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'26",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2026 is 46.47% vs -20.49% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2026 is 21.30% vs 23.79% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "9.55",
          "val2": "6.52",
          "chgp": "46.47%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "3.21",
          "val2": "2.60",
          "chgp": "23.46%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.07",
          "val2": "0.03",
          "chgp": "133.33%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "4.67",
          "val2": "3.85",
          "chgp": "21.30%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "33.61%",
          "val2": "39.88%",
          "chgp": "-6.27%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Half Yearly Results Snapshot (Consolidated) - Mar'26stock-summary

Mar'26
Sep'25
Change(%)
Net Sales
5.10
4.46
14.35%
Operating Profit (PBDIT) excl Other Income
1.88
1.35
39.26%
Interest
0.04
0.03
33.33%
Exceptional Items
0.00
0.00
Consolidate Net Profit
2.35
2.31
1.73%
Operating Profit Margin (Excl OI)
36.86%
30.27%
6.59%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Mar 2026 is 14.35% vs 23.89% in Sep 2025

Direction Arrows
Consolidated Net Profit

Growth in half year ended Mar 2026 is 1.73% vs 15.50% in Sep 2025

Annual Results Snapshot (Consolidated) - Mar'26stock-summary

Mar'26
Mar'25
Change(%)
Net Sales
9.55
6.52
46.47%
Operating Profit (PBDIT) excl Other Income
3.21
2.60
23.46%
Interest
0.07
0.03
133.33%
Exceptional Items
0.00
0.00
Consolidate Net Profit
4.67
3.85
21.30%
Operating Profit Margin (Excl OI)
33.61%
39.88%
-6.27%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2026 is 46.47% vs -20.49% in Mar 2025

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2026 is 21.30% vs 23.79% in Mar 2025

stock-summaryCompany CV
About Dharni Capital Services Ltd stock-summary
stock-summary
Dharni Capital Services Ltd
Micro Cap
Capital Markets
Dharni Capital Services Limited was incorporated as `Dharni Online Services Private Limited' on November 12, 2015 as a Private Company with the Registrar of Companies, Bangalore, Karnataka. Further, Company's name was changed to "Dharni Capital Services Private Limited" dated March 28, 2022. Subsequently, the Company got converted to Public Limited and the name was changed to `Dharni Capital Services Limited', w.e.f. May 17, 2022.
Company Coordinates stock-summary
Icon
No Company Details Available