Dhani Services Limited (DHANI) AI Stock Analysis

• Market Cap: ₹35.46B
• Dividend Yield: N/A
• Average Volume (3M): 390.83K
• Price to Earnings (P/E): 95.0
• Beta (1Y): 1.62
• 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: 649,600,500
• 10 Day Avg. Volume: 168,029
• 30 Day Avg. Volume: 390,834
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ₹53.00 ▲(3.52% Upside)

Dhani Services Limited's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The high P/E ratio further suggests overvaluation. The absence of earnings call data and corporate events means these factors do not influence the score.

Dhani Services Limited Business Overview & Revenue Model

Company Description

Dhani Services Limited (DHANI) is a diversified financial services company based in India, focused on providing a range of products and services including personal loans, health services, and digital payment solutions. The company operates primarily in the fintech sector, leveraging technology to enhance customer experience and financial accessibility. DHANI is known for its Dhani App, which allows users to access instant personal loans, manage their health services, and make digital payments seamlessly.

How the Company Makes Money

Dhani Services Limited generates revenue through multiple key streams. Primarily, the company earns money by charging interest on personal loans issued through its platform. This includes processing fees associated with loan applications. Additionally, DHANI has expanded its revenue model to include subscription services for health-related offerings and premium features within its app. The company may also earn income from partnerships with healthcare providers and affiliate marketing through its digital platform. Furthermore, transaction fees from digital payments contribute to its overall earnings. The strategic focus on technology-driven financial solutions and collaborations with various service providers enhances its revenue potential.

Dhani Services Limited Financial Statement Overview

Summary

Dhani Services Limited faces significant financial challenges, including declining revenues, persistent losses, and volatile cash flows. Despite some improvement in leverage management, overall financial health remains weak, necessitating operational improvements.

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	3.66B	3.84B	4.28B	6.26B	14.47B	13.10B
Gross Profit	1.03B	907.18M	-1.90B	3.75B	571.58M	4.73B
EBITDA	-66.04M	-313.01M	-1.92B	-2.52B	-7.13B	2.88B
Net Income	339.14M	-548.18M	-3.75B	-4.80B	-8.66B	-2.25B
Balance Sheet
Total Assets	0.00	37.32B	45.23B	53.18B	86.29B	101.29B
Cash, Cash Equivalents and Short-Term Investments	0.00	6.73B	4.85B	8.95B	11.78B	29.14B
Total Debt	0.00	5.07B	6.97B	10.21B	24.82B	37.39B
Total Liabilities	-28.77B	8.55B	10.63B	14.49B	33.57B	45.17B
Stockholders Equity	28.77B	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: Negative
• Last Price: 51.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 51.2 is below the 20-day moving average (MA) of 58.91, below the 50-day MA of 61.88, and below the 200-day MA of 65.16, indicating a bearish trend. The MACD of -2.57 indicates Positive momentum. The RSI at 30.11 is Neutral, neither overbought nor oversold. The STOCH value of 25.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DHANI.

Dhani Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEOJITFSL	73 Outperform	₹20.23B	17.18	―	2.08%	-11.33%	-40.39%
SHAREINDIA	69 Neutral	₹40.55B	14.58	―	0.64%	-25.37%	-48.56%
SMCGLOBAL	69 Neutral	₹14.04B	14.36	―	1.81%	-5.03%	-54.73%
MONARCH	64 Neutral	₹24.51B	15.31	―	0.33%	6.10%	-6.37%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
INDOTHAI	55 Neutral	₹46.52B	143.48	―	0.03%	27.84%	-76.66%
DHANI	45 Neutral	₹35.46B	95.00	―	―	-5.91%	―