Price
Financials
Consolidated, Rs crore| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 20.02 | 23.60 | 16.40 | 20.42 | 21.35 | 17.85 | 7.67 |
| Expenses | 18.58 | 20.88 | 17.23 | 20.54 | 21.97 | 17.05 | 8.83 |
| Operating Profit | 1.44 | 2.72 | -0.83 | -0.12 | -0.62 | 0.80 | -1.16 |
| OPM % | 7.19% | 11.53% | -5.06% | -0.59% | -2.90% | 4.48% | -15.12% |
| Other Income | 0.05 | 0.06 | 0.07 | 0.84 | 0.09 | 0.07 | 1.32 |
| Interest | 0.72 | 0.84 | 0.82 | 1.09 | 0.83 | 0.85 | 0.11 |
| Depreciation | 0.01 | 0.02 | 0.01 | 0.14 | 0.16 | 0.11 | 0.12 |
| Profit before tax | 0.76 | 1.92 | -1.59 | -0.51 | -1.52 | -0.09 | -0.07 |
| Tax % | 18.42% | 29.17% | -25.79% | 1.96% | 3.95% | 0.00% | 0.00% |
| Net Profit | 0.61 | 1.36 | -1.17 | -0.52 | -1.58 | -0.09 | -0.07 |
| EPS in Rs | 2.66 | 5.93 | -3.72 | -1.65 | -5.03 | -0.29 | -0.22 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 6.94 | 7.10 | 12.42 | 32.88 | 39.93 | 41.71 | 25.40 |
| Expenses | 6.55 | 6.23 | 10.53 | 29.14 | 38.05 | 42.39 | 25.74 |
| Operating Profit | 0.39 | 0.87 | 1.89 | 3.74 | 1.88 | -0.68 | -0.34 |
| OPM % | 5.62% | 12.25% | 15.22% | 11.37% | 4.71% | -1.63% | -1.34% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.10 | 0.14 | 0.93 | 1.40 |
| Interest | 0.01 | 0.19 | 0.38 | 1.13 | 1.66 | 1.92 | 0.97 |
| Depreciation | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.30 | 0.23 |
| Profit before tax | 0.33 | 0.64 | 1.50 | 2.69 | 0.34 | -1.97 | -0.14 |
| Tax % | -6.06% | 14.06% | 38.67% | 27.51% | 44.12% | 3.05% | -7.14% |
| Net Profit | 0.34 | 0.55 | 0.92 | 1.95 | 0.19 | -2.03 | -0.13 |
| EPS in Rs | 8.50 | 0.60 | -6.46 | -0.41 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 29% | -8% | -39% | ||
| Compounded Profit Growth | % | % | % | 94% | ||
| Stock Price CAGR | % | % | % | -64% | ||
| Return on Equity | % | 3% | -8% | -2% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 2.29 | 3.14 | 3.14 | 3.14 |
| Reserves | -0.10 | 0.46 | 1.38 | 1.18 | 7.23 | 5.21 | 5.07 |
| Borrowings | 0.02 | 1.06 | 4.84 | 8.48 | 9.18 | 6.82 | 3.73 |
| Other Liabilities | 1.96 | 4.14 | 3.85 | 5.06 | 10.60 | 24.14 | 21.56 |
| Total Liabilities | 1.89 | 5.67 | 10.08 | 17.01 | 30.15 | 39.31 | 33.50 |
| Fixed Assets | 0.15 | 0.16 | 0.50 | 2.07 | 0.97 | 1.22 | 0.98 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 8.50 | 11.60 | 13.48 |
| Investments | 0.00 | 0.10 | 1.25 | 1.20 | 1.26 | 1.29 | 1.30 |
| Other Assets | 1.74 | 5.41 | 8.33 | 13.74 | 19.42 | 25.20 | 17.74 |
| Total Assets | 1.89 | 5.67 | 10.08 | 17.01 | 30.15 | 39.31 | 33.50 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.17 | -0.50 | -2.05 | -0.83 | 4.51 | 6.68 | 4.30 |
| Cash from Investing Activity | -0.20 | -0.13 | -1.52 | -1.57 | -7.55 | -3.67 | -1.89 |
| Cash from Financing Activity | 0.01 | 0.84 | 3.41 | 2.65 | 5.76 | -4.28 | -4.06 |
| Net Cash Flow | -0.03 | 0.21 | -0.17 | 0.25 | 2.72 | -1.27 | -1.66 |
| Free Cash Flow | -0.03 | -0.54 | -2.42 | -2.43 | -2.91 | 3.03 | 2.42 |
| CFO/OP | 46% | -57% | -103% | -22% | 239% | -1,001% | -1,265% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0.53 | 69.92 | 112.26 | 92.03 | 104.85 | 80.86 | 106.91 |
| Inventory Days | 120.77 | 668.83 | 501.37 | 634.25 | |||
| Days Payable | 60.38 | 511.82 | 322.88 | 288.07 | |||
| Cash Conversion Cycle | 60.91 | 226.93 | 290.75 | 92.03 | 104.85 | 80.86 | 453.09 |
| Working Capital Days | -22.62 | 30.33 | 92.28 | 50.07 | 11.61 | -54.17 | -95.85 |
| ROCE % | 113.70% | 48.45% | 42.02% | 12.70% | -0.29% | 6.12% |
| Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 47.44% | 47.44% | 47.44% | 47.44% | 30.86% | 29.50% |
| Public | 52.56% | 52.56% | 52.56% | 52.56% | 69.14% | 70.50% |
| No. of Shareholders | 238 | 259 | 262 | 246 | 221 | 195 |
Fundamentals
Market Cap₹ 8.09 Cr.
Current Price₹ 25.8
Book Value₹ 26.1
ROCE6.12 %
ROE-1.57 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-39%
Compounded Profit Growth (TTM)94%
Consolidated figures.
Valuation
Market capRs 5 Cr
Enterprise valueRs 14 Cr
P/E (TTM)2.79x
Price to book1.57x
Price to sales0.17x
EV / EBITDA3.52x
EV / EBIT3.54x
EV / sales0.41x
Earnings yield35.81%
Profitability
Operating margin (excl. other income)11.37%
Operating margin (incl. other income)11.68%
EBITDA margin11.68%
Pre-tax margin8.18%
Net profit margin5.93%
ROE80.25%
ROCE42.02%
ROA14.40%
ROE, 3-year average156.22%
ROCE, 3-year average68.06%
ROA, 3-year average13.54%
ROIC (approx.)23.95%
Tax rate27.51%
Other income / net worth2.88%
Growth
Sales growth (latest year)164.73%
Profit growth (latest year)111.96%
Sales CAGR, 3 years67.95%
Profit CAGR, 3 years79.00%
Per share
EPS (TTM)Rs 8.50
EPS (latest year)Rs 8.50
EPS, 3-year averageRs 492.83
Book value per shareRs 15.13
Sales per shareRs 143.39
Cash flow per shareRs -3.62
Free cash flow per shareRs 10.55
Efficiency
Asset turnover1.93x
Fixed asset turnover15.88x
Inventory turnover0.64x
Inventory days567 days
Debtor days92 days
Debtors turnover3.97x
Creditor days288 days
Cash conversion cycle453 days
Working capital days-96 days
Leverage
Total debtRs 8 Cr
Cash and bankRs 0 Cr
Net debtRs 8 Cr
Debt to equity2.44x
Net debt / EBITDA2.11x
Interest coverage3.38x
Owners' fund to total sources20.40%
Debt to assets49.85%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years14.01x
Statement figures
Net sales (TTM)Rs 33 Cr
Net sales (latest year)Rs 33 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 29 Cr
Total income (latest year)Rs 33 Cr
Share capitalRs 2 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 17 Cr
Net blockRs 2 Cr
InvestmentsRs 1 Cr
ReceivablesRs 8 Cr
InventoryRs 3 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)0.23
Ownership
Promoter holding29.50% (-17.94 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 2.8 is the lowest in its own 2.8-year history
(median 20.6, low 2.8, high 183.1).
P/B 1.57 is the lowest in 2.4 years (median 12.38).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | DHTL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -12.0% | -2.8% | -9.3 pts |
| 1 month | -24.8% | -6.8% | -18.0 pts |
| 3 months | -43.9% | -7.6% | -36.2 pts |
| 6 months | -79.8% | +0.4% | -80.2 pts |
| 1 year | -69.8% | -9.9% | -59.9 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -99% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 16% of total assets in 2026 |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹8 Cr -53.2% vs Mar 2024.
Net loss ₹0 Cr.
Activity
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| Fusion Klassroom Edutech Limited | 157 | 20.6 | 60.6 % |
| Jetking Infotrain Ltd | 78 | -3.73 % | |
| Sodhani Academy of Fintech Enablers Ltd | 74 | 77.1 | 12.8 % |
| Addictive Learning Technology Ltd | 69 | 0.90 % | |
| G-Tec Janix Education Ltd | 30 | -36.3 % | |
| Usha Martin Education & Solutions Ltd | 11 | 27.5 | 18.0 % |
| Date | Client | Side | Qty | Price |
|---|---|---|---|---|
| 2026-10-01 | Ramesh Kumar Jain | SELL | 44,000 | 24.95 |
| 2026-10-01 | Ramesh Jain Huf | BUY | 40,000 | 24.95 |
| 2026-09-30 | Ramesh Kumar Jain | SELL | 64,800 | 25.88 |
| 2026-09-30 | Ramesh Jain Huf | BUY | 60,000 | 26.00 |
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1SME scrip is not regularly traded