Dharni Capital

  • Market Cap: Micro Cap
  • Industry: Capital Markets
  • ISIN: INE0M9Q01011
  • NSEID:
  • BSEID: 543753
INR
62.25
0.05 (0.08%)
BSENSE

Mar 30

BSE+NSE Vol: 12000

  • Price Points
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  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

12.0 k (53.85%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

73.64%

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.

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how big is Dharni Capital?

06-Jun-2025

As of Jun 06, Dharni Capital Services Ltd has a market capitalization of 108.00 Cr, classifying it as a Micro Cap company. There is no available financial data for the latest four quarters, but as of Mar'24, shareholder's funds are valued at 17.31 Cr, with total assets of 19.16 Cr.

Market Cap: As of Jun 06, Dharni Capital Services Ltd has a market capitalization of 108.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid Consolidated or Standalone financial data available for the latest four quarters, including Net Sales and Net Profit.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the reporting period of Mar'24. The Shareholder's Funds are valued at 17.31 Cr, and the Total Assets amount to 19.16 Cr.

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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

Who are the peers of the Dharni Capital?

03-Jun-2025

Dharni Capital's peers include HDFC AMC, Motil.Oswal.Fin., Nippon Life Ind., and others. In terms of management risk and growth, HDFC AMC and Nippon Life Ind. excel, while Dharni Capital shows average growth and a 1-year return of 20.91%.

Peers: The peers of Dharni Capital are HDFC AMC, Motil.Oswal.Fin., Nippon Life Ind., 360 ONE, DB Intl.Stock, Asit C Mehta Fin, Joindre Capital, 21st Cent. Mgmt., and Mefcom Capital.<BR><BR>Quality Snapshot: Excellent management risk is observed at HDFC AMC, Nippon Life Ind., 360 ONE, and Dharni Capital, while Good management risk is found at Motil.Oswal.Fin. and BSE. Average management risk is noted at 21st Cent. Mgmt., while Below Average management risk is seen at DB Intl.Stock, Asit C Mehta Fin, Joindre Capital, and the rest. Growth is Excellent at HDFC AMC, Motil.Oswal.Fin., Nippon Life Ind., and Joindre Capital, while Average growth is found at Dharni Capital, 360 ONE, and Mefcom Capital. Below Average growth is observed at Asit C Mehta Fin, and the rest. Capital Structure is Excellent at HDFC AMC, Nippon Life Ind., 360 ONE, and the rest, while Below Average is noted at Asit C Mehta Fin.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Motil.Oswal.Fin. at 37.13%, while the lowest is DB Intl.Stock at -37.65%. Dharni Capital's 1-year return is 20.91%, which is higher than DB Intl.Stock but lower than Motil.Oswal.Fin. Additionally, DB Intl.Stock, Asit C Mehta Fin, and Mefcom Capital have negative six-month returns.

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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.

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Who are in the management team of Dharni Capital?

16-Jul-2025

As of March 2023, the management team of Dharni Capital includes Hemant Dharnidharka (Chairman & Managing Director), Preeti Saraogi (Non Executive Director), Jaideep Mittra (Independent Non Executive Director), and Vinay Agarwal (Independent Non Executive Director).

As of March 2023, the management team of Dharni Capital includes:<BR><BR>- Hemant Dharnidharka, who serves as the Chairman & Managing Director.<BR>- Preeti Saraogi, who is a Non Executive Director.<BR>- Jaideep Mittra, who holds the position of Independent Non Executive Director.<BR>- Vinay Agarwal, also an Independent Non Executive Director.

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What does Dharni Capital do?

17-Jul-2025

Dharni Capital Services Ltd is a micro-cap company in the capital markets industry, incorporated in 2015 and converted to a public limited company in 2022. It has a market cap of INR 111 Cr, with a P/E ratio of 36.00 and a return on equity of 18.79%.

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 on April 26, 2022, with the name changing to 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 111 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 36.00<BR>Industry P/E: 23<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 0.00<BR>Return on Equity: 18.79%<BR>Price-to-Book: 6.49<BR><BR>Contact Details:<BR>Registrar Address: Not available.

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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.

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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.

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Why is Dharni Capital Services Ltd falling/rising?

27-Mar-2026

As of 26-Mar, the stock price of Dharni Capital Services Ltd is stable at 62.15, showing no change (0.00%). The stock has gained 1.22% over the past week and month, outperforming the Sensex, and has risen 4.81% year-to-date, indicating strong individual performance despite a sector-wide decline.

As of 26-Mar, the stock price of Dharni Capital Services Ltd is stable at 62.15, showing no change (0.00%). Despite this lack of movement today, the stock has demonstrated a positive trend in recent periods. Over the last week, it has gained 1.22%, outperforming the Sensex, which has fallen by 1.87%. Similarly, in the past month, the stock has maintained a 1.22% increase while the Sensex has decreased by 8.51%. Year-to-date, Dharni Capital has risen by 4.81%, contrasting with the Sensex's decline of 11.67%.<BR><BR>The stock has been on a positive trajectory, gaining for three consecutive days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong upward momentum compared to its historical performance. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 42.86% on March 20 compared to the 5-day average.<BR><BR>However, it is important to note that the finance/NBFC sector has experienced a decline of 3.81%, which may impact overall market sentiment. Despite this sector-wide downturn, Dharni Capital's performance remains robust, suggesting that the stock is rising due to its strong individual performance metrics and increasing investor interest.

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Why is Dharni Capital Services Ltd falling/rising?

28-Mar-2026

As of 27-Mar, Dharni Capital Services Ltd's stock is at 62.20, showing a slight increase and outperforming the Sensex by 3.18% today. The stock has demonstrated strong performance over various periods, with significant investor interest contributing to its upward trend despite broader sector declines.

As of 27-Mar, Dharni Capital Services Ltd's stock price is rising, currently at 62.20, with a change of 0.05 (0.08%) increase. The stock has shown strong performance compared to the benchmark Sensex, outperforming it by 3.18% today. Over the past week, the stock has increased by 0.16%, while the Sensex has decreased by 1.27%. Additionally, the stock has demonstrated a positive trend over longer periods, with a year-to-date increase of 4.89% compared to the Sensex's decline of 13.66%, and a one-year increase of 22.68% against the Sensex's drop of 5.18%.<BR><BR>The stock is also trading above its moving averages across various time frames, indicating a bullish trend. Furthermore, there has been a significant rise in investor participation, with delivery volume on 23 March increasing by 900% compared to the 5-day average. This suggests heightened interest and confidence among investors in Dharni Capital Services Ltd, contributing to the stock's upward movement. Despite the finance/NBFC sector experiencing a decline of 3.09%, Dharni Capital's performance remains robust, reflecting its resilience in the current market environment.

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Why is Dharni Capital Services Ltd falling/rising?

29-Mar-2026

As of 28-Mar, Dharni Capital Services Ltd's stock price is rising to 62.20, up 0.08%. This increase is due to its strong performance against the declining Sensex, with significant gains year-to-date and over the past year, alongside increased investor participation.

As of 28-Mar, Dharni Capital Services Ltd is experiencing a slight rise in its stock price, currently at 62.20, with a change of 0.05 (0.08%) upwards. This upward movement can be attributed to several factors. Over the past week, the stock has outperformed the benchmark Sensex, which has declined by 1.27%, while Dharni Capital has increased by 0.16%. Additionally, the stock has shown a positive trend over the past month, rising by 1.30% compared to the Sensex's significant drop of 9.48%.<BR><BR>Year-to-date, Dharni Capital has gained 4.89%, contrasting sharply with the Sensex's decline of 13.66%. Over the past year, the stock has risen by 22.68%, while the Sensex has only decreased by 5.18%. This strong performance is further highlighted by a remarkable 184.02% increase over the last three years, significantly outpacing the Sensex's growth of 27.63%.<BR><BR>Today's trading performance indicates that Dharni Capital has outperformed its sector by 3.18%, despite the finance/NBFC sector experiencing a decline of 3.09%. Furthermore, there has been a notable increase in investor participation, with a delivery volume of 36,000 shares on March 23, which represents a 900% rise compared to the 5-day average delivery volume. The stock is also trading above its moving averages across various time frames, indicating a strong upward trend.<BR><BR>Overall, these factors contribute to the rising stock price of Dharni Capital Services Ltd, reflecting its resilience and positive investor sentiment in a challenging market environment.

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Why is Dharni Capital Services Ltd falling/rising?

30-Mar-2026

As of 29-Mar, Dharni Capital Services Ltd's stock price has slightly increased to 62.20, outperforming its sector by 3.18% and showing strong investor interest with a 900% rise in delivery volume. Despite a decline in the broader finance/NBFC sector, the company has positive returns year-to-date and over the past year.

As of 29-Mar, Dharni Capital Services Ltd is experiencing a slight increase in its stock price, currently at 62.20, with a change of 0.05 (0.08%) upward. This rise can be attributed to several factors. Firstly, the stock has outperformed its sector by 3.18%, indicating stronger performance relative to its peers. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is generally a positive sign for investors. <BR><BR>Moreover, there has been a significant increase in investor participation, with a delivery volume of 36,000 shares on March 23, marking a 900% rise compared to the 5-day average delivery volume. This surge in trading activity suggests growing interest in the stock. <BR><BR>Despite the broader finance/NBFC sector declining by 3.09%, Dharni Capital's performance remains robust, with positive returns over various time frames, including a year-to-date increase of 4.89% and a one-year increase of 22.68%. These factors collectively contribute to the upward movement in the stock price of Dharni Capital Services Ltd.

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Which are the latest news on Dharni Capital?

28-Mar-2026

Which are the latest news on Dharni Capital?

29-Mar-2026

Which are the latest news on Dharni Capital?

30-Mar-2026
No latest news for Dharni Capital found.

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stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Capital Markets

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Market cap

INR 127 Cr (Micro Cap)

stock-summary
P/E

39.00

stock-summary
Industry P/E

20

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Dividend Yield

0.00%

stock-summary
Debt Equity

0.04

stock-summary
Return on Equity

14.85%

stock-summary
Price to Book

5.84

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
5.15%
0%
5.15%
6 Months
10.47%
0%
10.47%
1 Year
22.76%
0%
22.76%
2 Years
39.86%
0%
39.86%
3 Years
188.86%
0%
188.86%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Dharni Capital 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

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No Recent News for the Company

Announcements stock-summary

Closure of Trading Window

25-Mar-2026 | Source : BSE

The trading window shall remain closed for Directors Promoters Designated Persons Connected persons and thier immediate relatives from April 1 2026 till 48 hours after declaration of Audited Financial resuts for the half year and year ended on March 31 2026

Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Associate Company Obtaining NBFC Licence From RBI

02-Feb-2026 | Source : BSE

M/S Dhanayu Finance Private Limited associate company of the Dharni Capital Services Limited has been granted license from RBI to operate as NBFC Company

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

12-Jan-2026 | Source : BSE

Certificate under Regular 74 (5) of SEBI (DP) Regulations 2018 for the quarter ended on 31st December 2025 has been attached

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

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DIVIDEND

No Dividend history available

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SPLITS

No Splits history available

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BONUS

No Bonus history available

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RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
-25.70%
EBIT Growth (5y)
49.42%
Net Debt to Equity (avg)
0.04
Institutional Holding
0
ROE (avg)
15.82%

Valuation key factors

Factor
Value
P/E Ratio
39
Industry P/E
20
Price to Book Value
5.84
EV to EBIT
40.35
EV to EBITDA
38.46
EV to Capital Employed
6.70
EV to Sales
20.54
PEG Ratio
4.13
Dividend Yield
NA
ROCE (Latest)
16.59%
ROE (Latest)
14.85%

Technicals key factors

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

Hemant Dharnidharka (68.48%)

Highest Public shareholder

Prithvi Raj Singh Huf (4.92%)

Individual Investors Holdings

19.81%

stock-summaryFinancial
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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.
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