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Dhruv Consultancy Services Ltd.
(DHRUV)
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Rating:42Neutral
Price Target:
₹22.00
▼(-8.33% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily weighed down by sharply deteriorating FY2026 fundamentals (major revenue drop, heavy losses) and persistent negative operating/free cash flow. Technicals add pressure with a clear downtrend (price below key moving averages and negative MACD). Valuation offers limited offset because the negative P/E reflects loss-making performance, and there is no dividend yield data to provide support.
Positive Factors
Prior multi-year profitability
The company’s FY2021–FY2025 record of generally rising revenue and positive net margins demonstrates that its service model has previously generated sustainable earnings. This history provides an operating foundation that could support recovery if project execution and demand normalize.
Negative Factors
Severe FY2026 operating deterioration
The sharp FY2026 revenue contraction and move from prior profitability to substantial losses represent a material break in the company’s operating trajectory. If this deterioration continues, it can weaken scale benefits, reduce reinvestment capacity, and impair earnings visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Prior multi-year profitability
The company’s FY2021–FY2025 record of generally rising revenue and positive net margins demonstrates that its service model has previously generated sustainable earnings. This history provides an operating foundation that could support recovery if project execution and demand normalize.
Read all positive factors
Dhruv Consultancy Services Ltd. (DHRUV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹455.20M
Dividend Yield1.87%
Average Volume (3M)791.00
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth-63.77%
EPS Growth-537.92%
CountryIN
Employees327
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-15.04
Shares Outstanding18,966,570
10 Day Avg. Volume540
30 Day Avg. Volume791
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.73
Price to Sales (P/S)1.23
P/FCF Ratio-5.93
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 operates as an infrastructure consulting firm in India, delivering a comprehensive array of services. Its expertise spans design, engineering, procurement, construction oversight, and integrated project managemen...
How the Company Makes Money
Dhruv Consultancy Services Ltd. primarily earns revenue by delivering geospatial/surveying and mapping-related services to customers under project-based engagements and service contracts. Key revenue streams typically include: (1) fees for field s...
Dhruv Consultancy Services Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 429.04M | 1.02B | 815.01M | 811.80M | 750.65M |
| Gross Profit | -249.10M | 748.36M | 587.74M | 571.28M | 544.27M |
| EBITDA | -319.55M | 157.78M | 136.72M | 102.88M | 96.99M |
| Net Income | -284.84M | 69.03M | 58.95M | 48.22M | 57.56M |
Balance Sheet | |||||
| Total Assets | 1.19B | 1.42B | 1.15B | 1.08B | 849.52M |
| Cash, Cash Equivalents and Short-Term Investments | 57.55M | 277.85M | 65.24M | 70.86M | 18.87M |
| Total Debt | 280.56M | 177.89M | 203.15M | 189.54M | 120.17M |
| Total Liabilities | 464.56M | 387.63M | 483.63M | 511.47M | 391.20M |
| Stockholders Equity | 722.07M | 1.04B | 662.74M | 570.42M | 458.31M |
Cash Flow | |||||
| Free Cash Flow | -88.92M | -181.75M | -46.08M | -53.82M | -25.81M |
| Operating Cash Flow | -41.96M | -144.04M | -17.13M | 17.73M | 36.51M |
| Investing Cash Flow | 34.05M | -30.87M | -27.48M | -64.26M | -60.43M |
| Financing Cash Flow | 9.20M | 251.05M | 38.98M | 74.97M | 6.93M |
Dhruv Consultancy Services Ltd. Technical Analysis
Negative
24.00
Price Trends
24.54
Negative
27.75
Negative
33.19
Negative
Market Momentum
-0.41
Negative
43.63
Neutral
33.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHRUV, the sentiment is Negative. The current price of 24 is above the 20-day moving average (MA) of 23.90, below the 50-day MA of 24.54, and below the 200-day MA of 33.19, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 43.63 is Neutral, neither overbought nor oversold. The STOCH value of 33.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹153.52B | 19.50 | ― | 1.86% | 16.30% | 41.66% | |
72 Outperform | ₹101.46B | 24.23 | ― | 3.83% | 10.62% | 8.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹9.99B | 0.31 | ― | 0.08% | -21.46% | ― | |
43 Neutral | ₹478.85M | -0.89 | ― | 1.46% | -70.62% | -385.50% | |
42 Neutral | ₹455.20M | -1.24 | ― | 1.87% | -63.77% | -537.92% | |
41 Neutral | ₹4.95B | 48.75 | ― | ― | -33.48% | ― |
* General Sector Average
IN:DHRUV
Dhruv Consultancy Services Ltd.
23.00
-35.08
-60.40%
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Dhruv Consultancy Services Ltd. Corporate Events
Dhruv Consultancy Sets September 24 Virtual AGM With E-Voting for Shareholders
Aug 27, 2026
Dhruv Consultancy Services Limited has scheduled its 23rd Annual General Meeting for September 24, 2026, to be held via video conferencing or other audio-visual means in line with guidance from the Ministry of Corporate Affairs and the securities ...
Dhruv Consultancy Files Q1 FY27 Earnings Call Transcript With Exchanges
Aug 25, 2026
Dhruv Consultancy Services Ltd. is an India-based consultancy firm that provides professional services in the infrastructure and engineering domain. The company is listed on both BSE and the National Stock Exchange under the symbol DHRUV and maint...
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.