1. DHANI SERVICES
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DHANI SERVICES Share Price

DHANI

₹46.40+₹0.30 (0.65%) TodayLast updated on 17 May, 2024 | 03:58 PM IST
₹45.90₹46.90
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Company overview

Financial performance

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Market cap

Market Cap Switch₹2,703 Cr

Open

₹46.35

Close

₹46.10

Circuit range

₹55.30 - ₹36.90

Day range

₹45.90 - ₹46.90

Year range

₹29.90 - ₹56.80

Volume

23,25,841

Avg. traded

₹46.30

Revenue (12m)

₹370 Cr

DHANI SERVICES

New Delhi-headquartered Dhani is a data-driven technology company engaged in offering financial and stock broking services. The company offers consumer business and digital transaction services to its customers. The company offers services in the areas of e-commerce, healthcare, digital payments, demat accounts, stock trading and credit facilities.

Founded in 1995 as GPF Securities Private Limited, the company was first rechristened as Orbis Securities Private Limited. It was converted into a public limited company with a further change of name to Orbis Securities Limited in January 2004. Its name was again changed to Indiabulls Securities.

On April 2, 2008, the company was listed on the bourses and changed its name to Indiabulls Ventures Ltd in 2015. The company was finally named Dhani Services Limited in October 2020 to bring together the Indiabulls Group‘s consumer business under a single brand.

In 2017, one of Indiabulls Ventures Limited's subsidiaries, Indiabulls Consumer Finance Limited launched an app-based lending platform dealing with personal loans. In October 2020, it was renamed as Dhani Loans & Services Limited.

In a bid to synergise the consolidated business operations of the company and its subsidiaries, the Board of Directors of the company in 2022-23 approved the amalgamation of Dhani Services Limited and some of its subsidiaries into Yaari Digital Integrated Services Limited.

As of September 30, 2023, the promoter and promoter group shareholding in the company was 31.25%, with the public having control over 63.9%, while the employee trust held 4.85%.

The market capitalisation of Dhani Services Ltd stood at over ₹2,400 crore as of January 20, 2024. Dhani share price has dropped more than 88% in the last three years.

Dhani Services Limited business operations

The company started its operations in the personal finance space initially. Over the years it has diversified into other segments like healthcare, digital payments and stock trading.

The company manages its realty distribution business under the subsidiary Indiabulls Distribution Services Limited. Its another arm, IVL Finance Ltd, is engaged in consumer finance services.

Dhani Services Limited carries out diverse business operations through its various subsidiaries. Its website and app provide customers with products for daily needs, including personal care, household products, winter care, baby and mother care and medicines. The customers can also make insurance payments and loan repayments on the platform. The app operates on a marketplace-led model, connecting merchants and consumers.

Dhani’s online pharmacy was also integrated with the super app in 2020. It is an extended arm of Dhani Doctor - a healthcare 24x7 platform providing access to specialist doctors to the patients.

In FY23, the company served 80,000 new individual customers, including 70,000 new individual paid customers.

Financial highlights

The company’s consolidated revenue from operations stood at ₹608.52 crore in FY23, down by around 58% from ₹1,434.43 crore in FY22. The company narrowed down its loss to ₹481.31 crore in FY23 as against ₹860.36 crore in FY22. Its earnings per share (EPS) stood at ₹(-8.31) in FY23 as against ₹(-15.30) in FY22.

DHANI SERVICES Key indicators

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52 week high

₹56.80

52 week low

₹29.90

P/E ratio

P/B ratio

0.8

ROE

0.44%

ROCE

1.73%

Dividend yield

--

Debt/Equity ratio

0.1

EPS

0.41

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Investment checklist: (2/6)

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Profit factor

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Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

102.65%

Net profit margin

23.57%

ROE

0.44%

ROA

0.4%

ROCE

1.73%

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DHANI SERVICES Shareholder returns

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1 day

+0.11%

1 week

+1.43%

1 month

-3.96%

3 months

+9.50%

1 year

+24.93%

3 years

-74.17%

5 years

-81.67%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

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Balance sheet

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DHANI SERVICES Share Price history

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Shareholding info

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Promoters (30.77%)

Mutual Funds (0.09%)

Retail and other (53.14%)

Foreign institutions-FII (14.63%)

Other domestic institutions (1.37%)

Retail and other

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Events

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Frequently asked questions