Dhruv Consultancy Services Ltd. (IN:DHRUV)
:DHRUV
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Dhruv Consultancy Services Ltd.
(DHRUV)
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Select Model
Rating:56Neutral
Price Target:
₹28.00
▼(-41.67% Downside)
Action:ReiteratedDate:03/03/26
The score is anchored by generally solid business performance and balance-sheet stability, but it is held back by weak cash generation (negative free cash flow) and a clearly bearish technical trend with the stock trading well below major moving averages. Valuation is mixed due to a negative P/E and only a modest dividend yield.
Positive Factors
Operating margin strength
Durable gross and EBIT margins reported reflect disciplined cost control and operational efficiency. Sustained margins support profitability through project cycles, enable reinvestment in bidding capabilities and buffer margin pressure from input-cost volatility over the next several months.
Negative Factors
Negative free cash flow
Persistent negative free cash flow is a structural concern: it erodes liquidity and forces reliance on external financing. For an asset- and working-capital-intensive business, ongoing negative FCF increases refinancing risk and constrains reinvestment or dividend capacity over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating margin strength
Durable gross and EBIT margins reported reflect disciplined cost control and operational efficiency. Sustained margins support profitability through project cycles, enable reinvestment in bidding capabilities and buffer margin pressure from input-cost volatility over the next several months.
Read all positive factors
Dhruv Consultancy Services Ltd. (DHRUV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹605.03M
Dividend Yield0.42%
Average Volume (3M)3.34K
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue Growth-9.83%
EPS Growth-5.90%
CountryIN
Employees327
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-16.35
Shares Outstanding18,966,570
10 Day Avg. Volume1,027
30 Day Avg. Volume3,337
Financial Highlights & Ratios
PEG Ratio10.48
Price to Book (P/B)1.26
Price to Sales (P/S)1.28
P/FCF Ratio-7.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dhruv Consultancy Services Ltd. Business Overview & Revenue Model
Company Description
Dhruv Consultancy Services Limited, an infrastructure consultancy company, provides design, engineering, procurement, construction, and integrated project management services for highways, bridges, tunnels, architectural, environmental engineering...
How the Company Makes Money
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Dhruv Consultancy Services Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
68
Positive
Cash Flow
51
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03B | 1.02B | 815.01M | 811.80M | 750.65M | 633.94M |
| Gross Profit | 784.80M | 748.36M | 587.74M | 571.28M | 544.27M | 429.40M |
| EBITDA | 165.37M | 157.78M | 136.72M | 102.88M | 96.99M | 93.32M |
| Net Income | 76.25M | 69.03M | 58.95M | 48.22M | 57.56M | 48.35M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.42B | 1.15B | 1.08B | 849.52M | 827.11M |
| Cash, Cash Equivalents and Short-Term Investments | 131.59M | 277.85M | 65.24M | 70.86M | 18.87M | 65.18M |
| Total Debt | 0.00 | 177.89M | 203.15M | 189.54M | 120.17M | 104.61M |
| Total Liabilities | -1.04B | 387.63M | 483.63M | 511.47M | 391.20M | 431.39M |
| Stockholders Equity | 1.04B | 1.04B | 662.74M | 570.42M | 458.31M | 395.72M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -181.75M | -46.08M | -53.82M | -25.81M | 24.42M |
| Operating Cash Flow | 0.00 | -144.04M | -17.13M | 17.73M | 36.51M | 26.93M |
| Investing Cash Flow | 0.00 | -30.87M | -27.48M | -64.26M | -60.43M | 2.25M |
| Financing Cash Flow | 0.00 | 251.05M | 38.98M | 74.97M | 6.93M | -9.23M |
Dhruv Consultancy Services Ltd. Technical Analysis
Neutral
48.00
Price Trends
31.65
Positive
39.99
Negative
50.36
Negative
Market Momentum
-0.70
Negative
56.44
Neutral
57.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHRUV, the sentiment is Neutral. The current price of 48 is above the 20-day moving average (MA) of 30.04, above the 50-day MA of 31.65, and below the 200-day MA of 50.36, indicating a neutral trend. The MACD of -0.70 indicates Negative momentum. The RSI at 56.44 is Neutral, neither overbought nor oversold. The STOCH value of 57.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:DHRUV.
Dhruv Consultancy Services Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | ₹425.78M | 11.84 | ― | ― | 51.76% | ― | |
56 Neutral | ₹605.03M | -0.73 | ― | 0.42% | -9.83% | -5.90% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | ₹2.75B | 0.03 | ― | ― | ― | ― | |
48 Neutral | ₹875.90M | 20.28 | ― | ― | -12.26% | -36.87% | |
44 Neutral | ₹557.77M | 0.01 | ― | ― | -36.07% | ― | |
43 Neutral | ₹813.64M | -0.31 | ― | ― | 4.63% | 67.17% |
* Services Sector Average
IN:DHRUV
Dhruv Consultancy Services Ltd.
31.90
-40.09
-55.69%
IN:AKASH
Akash Infra-Projects Ltd.
25.25
0.19
0.76%
IN:GAYAPROJ
Gayatri Projects Limited
14.71
8.53
138.03%
IN:MBECL
McNally Bharat Engineering Co. Ltd.
3.24
0.00
0.00%
IN:RKEC
RKEC Projects Ltd.
36.51
-33.54
-47.88%
IN:SADBHIN
Sadbhav Infrastructure Project Ltd.
2.31
-2.37
-50.64%
Dhruv Consultancy Services Ltd. Corporate Events
Dhruv Consultancy Posts Q3 and Nine-Month FY26 Earnings Call Transcript
Mar 6, 2026
Dhruv Consultancy Services Limited has released the official transcript of its earnings conference call for the third quarter and nine months ended December 31, 2025. The company informed stock exchanges that the transcript of the March 2, 2026 ca...
Dhruv Consultancy Posts Q3 FY26 Earnings Call Recording Online
Mar 2, 2026
Dhruv Consultancy Services Ltd. has notified the stock exchanges that the audio recording of its earnings conference call for the third quarter and nine months ended December 31, 2025, is now available on its website. The call, held on March 2, 20...
Dhruv Consultancy Takes ₹30 Crore Non-Cash Hit as It Tightens Revenue Estimates in Q3 FY26
Feb 23, 2026
Dhruv Consultancy Services Ltd., a Navi Mumbai-based infrastructure consultancy specializing in design, engineering, procurement, construction, and project management, has built a portfolio around detailed project reports, feasibility studies, and...
Dhruv Consultancy wins NHAI supervision mandate for NH-765 stretch in Telangana
Feb 23, 2026
Dhruv Consultancy Services Ltd., in association with Lane Logic Consultants, has received a Letter of Award from the National Highways Authority of India’s Hyderabad regional office to provide supervision consultancy services for the operati...
Dhruv Consultancy Files SEBI Dematerialisation Compliance Certificate for Q3 FY2025-26
Jan 17, 2026
Dhruv Consultancy Services Limited has submitted to BSE and NSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025, confirming that all physical sec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.