Dhani Services Limited

DHANI.NS

DHANI.NSDhani Services Limited IN flag

National Stock Exchange of India

62.21

INR

+0.62

(+1.01%)

-0.95EPS

-65.48P/E

37.53BMarket Cap

Aug 07Next Earn

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ISIN

INE274G01010

Return %

Stock

S&P500

32.36

12.11

24.42

52.58

-23.15

103.52

Use logarithmic scale

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	TTM
Revenue per Share	7.23	11.83	12.43	12.34	13.29	17.64	34.29	36.94	22.68	22.29	9.59	7	6.65	6.66
Basic EPS, GAAP	2.74	4.39	5.82	2.53	3.47	4.88	8.42	0.07	-4.16	-15.41	-8.31	-6.49	-0.95	-0.95
Free Cash Flow per Basic Share	-4.2	16.03	-10.51	-0.77	6.42	-69.45	-130.84	88.88	16.49	-15.07	13.83	-4.23	1.63	- -
Dividend per Share	1.97	3.97	3.99	2.99	- -	0.74	1.01	3.49	0.01	0.01	0.01	- -	- -	- -
Book Value per Share	6.97	5.46	6.86	5.3	5.8	8.64	13.04	8.18	5.64	-10.51	-17.96	-24.11	2.11	2.11
Tangible Book Value per Share	9.35	9.92	8.29	6.94	14.02	43.21	119.15	92.04	100.23	90.14	64.07	57.3	48.4	48.49
Basic Weighted Avg Shares	231	231	259	292	295	429	545	588	541	562	577	578	577	576
Sales/Revenue/Turnover	1,671	2,736	3,218	3,604	3,920	7,574	18,689	21,738	12,263	12,535	5,538	4,050	3,838	3,838
Operating Margin (%)	23.94	54.93	46.18	21.15	30.93	38.76	43.34	23.92	16.1	-82.65	-78.04	-55.41	-16.01	-16.01
Depreciation Expense	78	50	131	229	238	120	270	1,161	840	950	908	627	301	301
Net Income, GAAP	633	1,016	1,506	738	1,023	2,095	4,591	43	-2,251	-8,664	-4,796	-3,752	-548	-548
Effective Tax Rate (%)	- -	34.08	22.39	3.79	29.93	25.39	26.85	- -	- -	- -	- -	- -	- -	193.12
Profit Margin (%)	37.88	37.14	46.82	20.49	26.09	27.66	24.57	0.2	-18.35	-69.11	-86.6	-92.65	-14.28	-14.28
Working Capital	999	1,154	-464	-262	2,910	9,628	34,377	47,636	38,123	18,052	21,925	14,774	23,227	23,227
LT Debt	8	9	3,305	3,919	278	26,096	39,643	33,015	19,676	10,334	7,808	5,628	5,070	5,070
Total Equity	2,176	2,366	3,288	3,316	4,224	18,982	65,751	55,877	56,125	52,710	38,695	34,605	28,768	28,768
Return on Invested Capital (%)	- -	20.97	8.82	3.3	3.88	4.99	5.37	- -	- -	- -	- -	- -	- -	- -
Return on Capital (%)	- -	26.98	14.83	5.34	6.56	7.05	7.78	- -	- -	- -	- -	- -	- -	686.25
Return on Common Equity (%)	36.66	70.73	99.19	44.44	62.74	77.33	84.89	0.73	-57.26	- -	- -	- -	- -	-198.61

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	14.78%	-25.86%	-5.22%
Net Income, GAAP	-505.59%	-1,033.67%	-85.39%
Free Cash Flow	-347.87%	-148.26%	-138.45%
Total Cash Common Dividend	- -	- -	- -
Total Equity	54.93%	-11.93%	-16.87%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Divyesh Bharat Kumar Shah
Full Time Employees: 7
Sector: Financial Services
Industry: Financial - Capital Markets
Address: One International Centre Mumbai India 400013
IPO Date: Sep 24, 2004
Website: dhani.com
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Business: Dhani Services Limited provides digital healthcare and digital transactional finance through its Dhani app in India. The company offers personal loans, business installment loans, etc. Its e-pharmacy sells pharmaceutical products. It also provides monthly subscriptions for product offerings, including doctor consultancy, pharmacy, health365, one freedom card, credit, family health insurance and third-party product distribution, etc. In addition, the company offers card enabled prepaid payment program management and remittance services. Further, it engages in the provision of stock and commodity broking services; business of cross selling of real estate; and asset reconstruction business of stressed assets. The company was formerly known as Indiabulls Ventures Limited and changed its name to Dhani Services Limited in October 2020. Dhani Services Limited was incorporated in 1995 and is based in Mumbai, India.

	Sep'25	Dec'25	Mar'25
Total Current Assets	23,195	- -	23,674
Accounts Receivable, Net	743	- -	497
Cash, Cash Equivalents & STI	6,434	- -	6,733
Inventories	2,723	- -	3,176
Total Current Liabilities	821	- -	446
Payables & Accruals	- -	- -	- -
ST Debt	- -	- -	- -
Deferred Revenue	- -	- -	- -

	Sep'25	Dec'25	Mar'25
ST Debt	- -	- -	- -
LT Borrowings	5,392	- -	4,808
LT Finance Leases	381	- -	262
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	582	- -	582
Market Capitalization	30,007	54,082	32,737

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	TTM
Revenue per Share	7.23	11.83	12.43	12.34	13.29	17.64	34.29	36.94	22.68	22.29	9.59	7	6.65	6.66
Basic EPS, GAAP	2.74	4.39	5.82	2.53	3.47	4.88	8.42	0.07	-4.16	-15.41	-8.31	-6.49	-0.95	-0.95
Free Cash Flow per Basic Share	-4.2	16.03	-10.51	-0.77	6.42	-69.45	-130.84	88.88	16.49	-15.07	13.83	-4.23	1.63	- -
Dividend per Share	1.97	3.97	3.99	2.99	- -	0.74	1.01	3.49	0.01	0.01	0.01	- -	- -	- -
Book Value per Share	6.97	5.46	6.86	5.3	5.8	8.64	13.04	8.18	5.64	-10.51	-17.96	-24.11	2.11	2.11
Tangible Book Value per Share	9.35	9.92	8.29	6.94	14.02	43.21	119.15	92.04	100.23	90.14	64.07	57.3	48.4	48.49
Basic Weighted Avg Shares	231	231	259	292	295	429	545	588	541	562	577	578	577	576
Sales/Revenue/Turnover	1,671	2,736	3,218	3,604	3,920	7,574	18,689	21,738	12,263	12,535	5,538	4,050	3,838	3,838
Operating Margin (%)	23.94	54.93	46.18	21.15	30.93	38.76	43.34	23.92	16.1	-82.65	-78.04	-55.41	-16.01	-16.01
Depreciation Expense	78	50	131	229	238	120	270	1,161	840	950	908	627	301	301
Net Income, GAAP	633	1,016	1,506	738	1,023	2,095	4,591	43	-2,251	-8,664	-4,796	-3,752	-548	-548
Effective Tax Rate (%)	- -	34.08	22.39	3.79	29.93	25.39	26.85	- -	- -	- -	- -	- -	- -	193.12
Profit Margin (%)	37.88	37.14	46.82	20.49	26.09	27.66	24.57	0.2	-18.35	-69.11	-86.6	-92.65	-14.28	-14.28
Working Capital	999	1,154	-464	-262	2,910	9,628	34,377	47,636	38,123	18,052	21,925	14,774	23,227	23,227
LT Debt	8	9	3,305	3,919	278	26,096	39,643	33,015	19,676	10,334	7,808	5,628	5,070	5,070
Total Equity	2,176	2,366	3,288	3,316	4,224	18,982	65,751	55,877	56,125	52,710	38,695	34,605	28,768	28,768
Return on Invested Capital (%)	- -	20.97	8.82	3.3	3.88	4.99	5.37	- -	- -	- -	- -	- -	- -	- -
Return on Capital (%)	- -	26.98	14.83	5.34	6.56	7.05	7.78	- -	- -	- -	- -	- -	- -	686.25
Return on Common Equity (%)	36.66	70.73	99.19	44.44	62.74	77.33	84.89	0.73	-57.26	- -	- -	- -	- -	-198.61

Year	Q1	Q2	Q3	Q4	FY
2023	2,337	1,302	1,408	491	5,538
2024	997	959	939	831	4,050
2025	1,031	1,013	907	888	3,838

Year	Q1	Q2	Q3	Q4	FY
2023	-1.8	-1.62	-1.46	- -	-8.31
2024	-1.6	-1.81	-1.55	- -	-6.49
2025	-1.43	0.28	0.08	- -	-0.95

Dhani Services Limited

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

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Capital Structure

Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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