Dhani Services Limited (DHANI) AI Stock Analysis

• Market Cap: ₹37.30B
• Dividend Yield: N/A
• Average Volume (3M): 277.41K
• Price to Earnings (P/E): 108.0
• Beta (1Y): 1.47
• Revenue Growth: -5.91%
• EPS Growth: N/A
• Country: IN
• Employees: 7
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): 0.10
• Shares Outstanding: 604,600,500
• 10 Day Avg. Volume: 493,107
• 30 Day Avg. Volume: 277,412
• PEG Ratio: 0.74
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 8.97
• P/FCF Ratio: 36.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹60.00
• Price Target Upside: -3.94% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: ₹60.00 ▼(-3.94% Downside)

Dhani Services Limited's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. The technical analysis indicates a bearish trend, and the high P/E ratio suggests overvaluation. The absence of earnings call data and corporate events further limits positive influences on the score.

Dhani Services Limited Business Overview & Revenue Model

Company Description

Dhani Services Limited (DHANI) is an Indian-based financial services company that operates primarily in the digital lending and healthcare sectors. It offers a wide range of services, including personal loans, credit lines, and digital payment solutions through its mobile application. In addition to financial services, Dhani has expanded into the healthcare industry with offerings such as telemedicine consultations and pharmacy services, providing customers with an integrated platform for both financial and healthcare needs.

How the Company Makes Money

Dhani Services Limited makes money through several revenue streams. The primary source of revenue is its financial services segment, where the company earns interest and fees from personal loans and credit lines provided to customers via its app. Additionally, Dhani generates revenue from transaction fees associated with its digital payment solutions. In the healthcare space, Dhani earns money through subscription fees for telemedicine services and sales of pharmaceutical products through its online pharmacy platform. The company's earnings are further supported by strategic partnerships with financial institutions and healthcare providers, which help expand its service offerings and customer base.

Dhani Services Limited Financial Statement Overview

Summary

Dhani Services Limited exhibits significant financial challenges, including declining revenues, persistent losses, and volatile cash flows. Although there are slight improvements in leverage, the overall financial health remains weak.

Income Statement

Dhani Services Limited has experienced significant revenue decline over the years, with a sharp drop from 2020 to 2025. The company has faced persistent net losses, indicating profitability challenges. Gross profit margins have been negative, particularly in 2024, highlighting operational inefficiencies. The EBIT and EBITDA margins have consistently been negative, reflecting ongoing losses at the operating level.

Balance Sheet

The balance sheet shows a decrease in total assets and stockholders' equity over time, signaling potential weaknesses in asset management and equity preservation. However, the debt-to-equity ratio has improved slightly, suggesting better leverage management. The equity ratio indicates a strong equity base relative to total assets, but the overall decline in equity is concerning.

Cash Flow

Operating cash flows have been volatile, with significant negative cash flows in some years, reflecting cash generation challenges. Free cash flow has been positive in recent periods, indicating some improvement in cash management. However, the relationship between operating cash flow and net income is inconsistent, raising concerns about earnings quality.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.84B	3.84B	2.20B	5.54B	11.90B	12.26B
Gross Profit	907.18M	907.18M	-1.90B	361.01M	571.58M	4.73B
EBITDA	-313.01M	-313.01M	-1.92B	-1.12B	-7.13B	708.73M
Net Income	-548.18M	-548.18M	-3.75B	-4.80B	-8.66B	-2.25B
Balance Sheet
Total Assets	37.32B	37.32B	45.23B	53.18B	86.29B	101.29B
Cash, Cash Equivalents and Short-Term Investments	6.73B	6.73B	4.85B	8.95B	11.78B	29.14B
Total Debt	5.07B	5.07B	6.97B	10.21B	24.82B	37.39B
Total Liabilities	8.55B	8.55B	10.63B	14.49B	33.57B	45.17B
Stockholders Equity	28.36B	28.36B	34.45B	38.14B	50.63B	51.82B
Cash Flow
Free Cash Flow	0.00	940.58M	-2.45B	7.98B	-8.47B	8.91B
Operating Cash Flow	0.00	984.29M	-2.31B	8.48B	-7.02B	9.25B
Investing Cash Flow	0.00	523.80M	4.89B	761.44M	7.74B	-5.37B
Financing Cash Flow	0.00	-890.66M	-3.18B	-11.68B	-8.01B	-11.68B

Dhani Services Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 62.46
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHANI, the sentiment is Neutral. The current price of 62.46 is above the 20-day moving average (MA) of 61.66, below the 50-day MA of 64.07, and below the 200-day MA of 69.36, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 49.84 is Neutral, neither overbought nor oversold. The STOCH value of 39.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DHANI.

Dhani Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMCGLOBAL	69 Neutral	₹13.51B	11.03		1.80%	-1.20%	-41.78%
SHAREINDIA	67 Neutral	₹31.90B	10.17		0.69%	-14.58%	-43.92%
GEOJITFSL	64 Neutral	₹19.88B	12.88		2.07%	4.68%	-12.79%
MONARCH	61 Neutral	₹25.15B	15.71		0.16%	6.10%	-6.37%
Sector *	56 Neutral	$13.94B	12.60	10.03%	0.85%	7.13%	-12.93%
INDOTHAI	56 Neutral	₹18.26B	40.16		0.06%	-8.74%	-78.36%
DHANI	45 Neutral	₹37.30B	108.02		―	-5.91%	―