Dhanashree Electronics Ltd.

Dhanashree Electronics Ltd.

BBSE:DEL
100.15
INR
-9.85
(-8.95%)
2.42EPS
66.09P/E
2.27BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
4.93
12.93
19.98
22.53
36.46
28.92
30.46
28.42
31.82
33.26
56.35
69.32
78.76
76.75
Basic EPS, GAAP
0.11
0.05
0.52
1.29
1.73
1.78
1.87
1.17
1.39
1.89
2.76
2.44
2.6
2.42
Free Cash Flow per Basic Share
-0.01
-7.9
-3.53
-15.12
6.08
2.61
6.3
-2.51
1.47
-10.61
-9.14
-4.82
-5.49
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.1
- -
Book Value per Share
6.26
6.32
6.84
14.47
16.21
18
19.88
21.05
22.44
24.34
27.1
29.54
49.23
- -
Tangible Book Value per Share
6.26
6.32
6.84
14.47
16.21
18
19.88
21.05
22.44
24.34
27.1
29.54
49.23
- -
Basic Weighted Avg Shares
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Sales/Revenue/Turnover
70
184
283
320
517
410
432
403
452
472
800
984
1,117
1,088
Operating Margin (%)
-12.9
-6.73
3.26
14.26
10.41
13.51
12.96
9.61
9.55
-8.32
0.97
-0.87
-0.84
-1.47
Depreciation Expense
2
4
3
4
4
4
4
5
4
5
6
7
9
9
Net Income, GAAP
2
1
7
18
25
25
27
17
20
27
39
35
37
34
Effective Tax Rate (%)
14.4
77.69
31.46
25.57
25.33
19.35
16.08
17.63
25.38
26.45
26.47
25.84
23.12
22.09
Profit Margin (%)
2.23
0.41
2.6
5.74
4.76
6.14
6.16
4.13
4.36
5.7
4.89
3.52
3.3
3.15
Working Capital
3
8
178
428
413
452
431
524
540
601
742
800
864
- -
LT Debt
- -
- -
163
315
279
290
235
310
293
339
435
442
343
- -
Total Equity
89
90
97
205
230
255
282
299
318
345
384
419
699
- -
Return on Invested Capital (%)
- -
-1.29
2.13
7.34
6.65
6.86
7.04
4.56
4.2
-7.39
0.62
-0.61
-0.62
- -
Return on Capital (%)
- -
1.26
6.05
10.43
9.5
10.38
10.2
7.03
6.73
7.66
8.96
8.73
7.69
- -
Return on Common Equity (%)
- -
0.84
7.91
12.14
11.31
10.39
9.9
5.74
6.38
8.1
10.72
8.62
6.6
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
217
- -
LT Borrowings
- -
343
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
3,006
2,680
2,269

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,351
- -
Cash, Cash Equivalents & STI
- -
399
- -
Accounts Receivable, Net
- -
387
- -
Inventories
- -
526
- -
Total Current Liabilities
- -
487
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
217
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.32%
20.42%
66.69%
Free Cash Flow
-89.64%
-205.95%
13.8%
Net Income, GAAP
24.87%
19.03%
6.46%
Sales/Revenue/Turnover
17.5%
24.49%
13.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
140
170
256
417
984
2026
256
196
183
483
1,117
2027
227
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.27
0.41
0.73
1.04
2.44
2026
0.74
0.52
0.5
0.84
2.6
2027
0.56
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.1
2027
- -
- -
- -
- -
- -

Company Description

CEO
Nitesh Kumar Toshniwal
Full Time Employees
50
Sector
Producer manufacturing
Industry
Electrical products
Address
Rashmi Building Salt Lake Electronic Complex Kolkata WB India 700091
IPO Date
Jun 17, 2019
Business
Dhanashree Electronics Limited operates as a manufacturer and supplier of a diverse range of electronic and lighting products. Established in 1987 and headquartered in Kolkata, India, the company principally manufactures energy-efficient LED lighting products including LED down lighters, batten lights, lamps, street lights, floodlights, and decorative luminaires. It also produces electronic components such as electronic ballasts, ignition devices, control gear boxes, power adaptors and modules, and other electrical goods including fans, security cameras, solar lighting products, and automation switches. The company markets its finished goods under its proprietary Rashmi brand, which is recognized as a trusted name in India's lighting industry. Alongside its manufacturing segment, Dhanashree provides electronic manufacturing services (EMS) and distributes a wide variety of consumer electronics and audio products. In recent years, Dhanashree Electronics has expanded its product portfolio to include smart LED lighting solutions utilizing BLE 5 Mesh and smart WiFi technologies. It has introduced a more premium range of LED downlighters, batten lights, street lights, and solar lighting products targeting emerging market opportunities such as smart city infrastructures, public transport hubs including railway stations and metro rail corporations, flyovers, bridges, temples, monuments, and tourist spot lighting across India. The company has also ventured into solar rooftop domestic lighting, solar street lights, and solar fans, aligning with growing renewable energy trends. These expansions strengthen Dhanashree’s position in the smart and solar lighting segments. The company also continues strategic marketing initiatives and has maintained strong trade channels to support growth. Dhanashree Electronics serves a broad customer base across India, especially in the eastern region, providing technologically advanced and power-saving lighting and electronic solutions to both industrial and household markets. Its operational footprint includes manufacturing, supplying, trading, and exporting a wide variety of electronic products. The company also remains active in OEM manufacturing for the electronics and lighting segments. Recent corporate changes include management updates such as appointments and resignations at the CFO level, routine board meetings, and compliance-related disclosures as part of regulatory requirements. Dhanashree Electronics maintains a focus on improving operational performance and leveraging government initiatives like the Smart Cities Mission, which positions it for continued business expansion and innovation in the lighting and electronics industry. Overall, Dhanashree Electronics Limited stands as a comprehensive provider of LED lighting solutions, electronic components, solar lighting products, and EMS, with a significant presence in the Indian market, driven by recent product innovations and strategic alignment with smart infrastructure trends. The company continues to invest in new technologies and premium product lines under the Rashmi brand to meet evolving customer demands while expanding its geographic reach and market penetration.