Dhunseri Investments Limited (DHUNINV) AI Stock Analysis

• Market Cap: ₹4.73B
• Dividend Yield: 0.24%
• Average Volume (3M): 114.00
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: -29.04%
• EPS Growth: -78.51%
• Country: IN
• Employees: 6
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Capital Markets
• EPS (TTM): -5.37
• Shares Outstanding: 6,097,178
• 10 Day Avg. Volume: 173
• 30 Day Avg. Volume: 114
• PEG Ratio: 0.11
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 1.47
• P/FCF Ratio: -29.60
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹807.00 ▼(-33.24% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is primarily supported by solid financial performance (growth, operating efficiency, and a stable balance sheet), but is materially held back by weak technicals (downtrend across all major moving averages with negative MACD) and a weak valuation signal due to a negative P/E and low dividend yield.

Positive Factors

Balance Sheet Strength

A strong equity ratio with moderate debt and an impressive return on equity provides durable financial flexibility. This structure reduces refinancing risk, supports holding illiquid investments through market cycles, and preserves capacity to deploy capital or absorb mark-to-market swings over months.

Business Model — Capital Allocation

As a pure investment/holding vehicle, the firm has a simple, scalable business model focused on capital allocation. Low operating complexity and minimal upstream capex allow management to reallocate assets, harvest dividends and gains, and adapt portfolio exposures to secular trends over the medium term.

Operating Cash Flow & Margins

Consistent positive operating cash flow and efficient cash conversion support ongoing operations and investment activity. Coupled with healthy gross and EBIT margins, this implies sustainable internal cash generation capacity to fund holdings and cover expenses without relying immediately on external financing.

Negative Factors

Declining Free Cash Flow

A downward trend in free cash flow constrains the company’s ability to finance new investments, pay sustainable dividends, or pursue opportunistic asset purchases. Over several months this can force asset sales, increase reliance on external funding, or limit strategic flexibility during adverse market swings.

Revenue and EPS Volatility

Large negative revenue and EPS growth point to volatile returns from the investment portfolio or one-off impairments. For an investment vehicle, such swings reduce predictability of dividend income and retained earnings, complicating medium-term planning and potentially increasing portfolio turnover to stabilize returns.

Concentration & Disclosure / Liquidity Risk

Lack of disclosure on major investees and potential portfolio concentration create structural governance and concentration risks. Combined with small average trading volume and limited scale, this can amplify downside from a few poor-performing holdings and limits investors' ability to transact without market impact.

Dhunseri Investments Limited Business Overview & Revenue Model

Company Description

Dhunseri Investments Limited, a non-banking finance company, invests in shares and securities in India and Singapore. It operates through three segments: Trading, Treasury Operations, and Food and Beverages. The company operates bakery business of Twelve cupcakes; manufactures and sells BOPET films; and trades in PET resins. It also engages in the infrastructure business. The company was formerly known as DI Marketing Limited. Dhunseri Investments Limited was incorporated in 1997 and is based in Kolkata, India.

How the Company Makes Money

Dhunseri Investments Limited makes money primarily through investment income generated from its portfolio of financial assets and strategic holdings. Key earnings drivers typically include: (1) Dividend income received from equity shares/strategic investments it holds in other companies (when those investee companies declare dividends); (2) Capital gains (or losses) realized when the company sells investments at prices higher (or lower) than their purchase cost; (3) Interest income from fixed-income instruments, deposits, loans, or other interest-bearing securities, if held; and (4) Other investment-related income such as profit distribution from investment funds or fair-value changes recognized in the income statement (where accounting standards require mark-to-market of certain instruments). The company’s results are therefore closely tied to market conditions (equity valuations, interest rates), dividend policies and profitability of its investee companies, portfolio concentration, and management’s timing of investment purchases/sales. Specific information on the company’s largest investee companies, named partnerships, or segment-wise revenue breakdown is null.

Dhunseri Investments Limited Financial Statement Overview

Summary

Solid fundamentals supported by strong revenue growth and operational efficiency (healthy gross profit and EBIT margins). Balance sheet is stable with a strong equity base and moderate leverage, but cash flow is a constraint due to declining free cash flow despite positive operating cash flow.

Income Statement

Dhunseri Investments Limited shows a robust revenue growth trajectory with a significant increase in total revenue from the previous year. The gross profit margin and EBIT margin indicate strong operational efficiency, although the net profit margin is modest. The company demonstrates a healthy EBITDA margin, reflecting solid earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The company maintains a strong equity ratio, showcasing its financial stability and reliance on shareholder equity over debt. The debt-to-equity ratio is moderate, indicating prudent use of leverage. Return on equity is impressive, pointing to effective utilization of equity to generate profits.

Cash Flow

Cash flow analysis reveals a decline in free cash flow, although operating cash flow remains positive. The company exhibits a strong operating cash flow to net income ratio, highlighting efficient cash conversion from operations. However, the negative free cash flow growth suggests potential challenges in capital expenditure management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.58B	5.96B	3.79B	2.18B	2.54B	1.37B
Gross Profit	1.21B	2.89B	732.43M	306.10M	759.31M	841.55M
EBITDA	257.21M	1.25B	2.04B	7.34B	4.41B	3.36B
Net Income	171.23M	907.78M	488.61M	2.93B	1.54B	1.41B
Balance Sheet
Total Assets	46.03B	44.16B	44.22B	39.76B	29.30B	23.88B
Cash, Cash Equivalents and Short-Term Investments	1.59B	6.78B	10.12B	7.54B	6.94B	5.49B
Total Debt	5.35B	3.88B	3.77B	3.65B	1.15B	728.42M
Total Liabilities	11.35B	9.89B	9.83B	8.84B	3.97B	2.91B
Stockholders Equity	27.11B	26.82B	25.58B	22.70B	19.43B	16.70B
Cash Flow
Free Cash Flow	-2.54B	-296.62M	411.66M	-2.20B	-1.14B	-166.74M
Operating Cash Flow	-336.98M	651.14M	1.33B	1.39B	-337.24M	259.30M
Investing Cash Flow	-1.63B	-630.58M	-922.56M	-1.15B	362.89M	366.12M
Financing Cash Flow	1.33B	-414.81M	-426.18M	2.00B	106.09M	-556.47M

Dhunseri Investments Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1208.80
• 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:DHUNINV, the sentiment is Negative. The current price of 1208.8 is above the 20-day moving average (MA) of 883.30, above the 50-day MA of 976.18, and below the 200-day MA of 1288.26, indicating a bearish trend. The MACD of -58.21 indicates Positive momentum. The RSI at 30.45 is Neutral, neither overbought nor oversold. The STOCH value of 25.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DHUNINV.

Dhunseri Investments Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRIMESECU	74 Outperform	₹9.40B	111.43	―	0.51%	34.10%	-15.20%
BIRLAMONEY	63 Neutral	₹6.30B	14.15	―	―	-6.37%	-24.10%
THEINVEST	59 Neutral	₹5.37B	13.06	―	―	-9.21%	-48.40%
DHUNINV	58 Neutral	₹4.73B	-57.61	―	0.24%	-29.04%	-78.51%
ARIHANTCAP	58 Neutral	₹7.46B	45.88	―	0.53%	-27.65%	-44.96%
NBIFIN	57 Neutral	₹4.24B	25.40	―	0.02%	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Dhunseri Investments Limited Corporate Events

Dhunseri Investments Confirms SEBI-Compliant Dematerialisation of Shares for Q3 FY2025-26

Dhunseri Investments Limited has reported that, for the quarter ended 31 December 2025, all physical securities received for dematerialisation have been duly verified, destroyed or cancelled, and replaced in the records by the respective depositories as the registered owners within the stipulated timelines. This compliance confirmation, supported by its registrar Maheshwari Datamatics, underscores the company’s adherence to SEBI’s Depositories and Participants Regulations, reinforcing robust governance in its share transfer and dematerialisation practices for investors and the exchanges.