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Dhruv Consultancy Services Ltd.
(DHRUV)
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Rating:40Underperform
Price Target:
₹18.00
▼(-25.00% Downside)
Action:Downgraded
Date:10/24/26
The score is primarily dragged down by a severe FY2026 financial setback (sharp revenue contraction, deep losses) and persistent negative operating/free cash flow. Technicals also reflect a sustained downtrend with bearish momentum. Valuation is not supportive due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Moderate Leverage
Moderate leverage provides some balance-sheet flexibility compared with a highly indebted capital structure. Debt below equity may leave the company better positioned to fund operations or manage volatility, although continued losses could reduce that protection over time.
Negative Factors
Sharp Revenue and Profit Collapse
The FY2026 contraction represents a material break from the prior growth and profitability record, weakening earnings visibility and operating resilience. Large gross, operating, and net losses could limit reinvestment and make recovery dependent on a sustained improvement in business volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage provides some balance-sheet flexibility compared with a highly indebted capital structure. Debt below equity may leave the company better positioned to fund operations or manage volatility, although continued losses could reduce that protection over time.
Read all positive factors
Dhruv Consultancy Services Ltd. (DHRUV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹388.81M
Dividend Yield1.87%
Average Volume (3M)1.26K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-63.77%
EPS Growth-537.92%
CountryIN
Employees327
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-18.39
Shares Outstanding18,966,570
10 Day Avg. Volume948
30 Day Avg. Volume1,263
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 374.22M | 429.04M | 1.02B | 815.01M | 811.80M | 750.65M |
| Gross Profit | -387.05M | -249.10M | 748.36M | 587.74M | 571.28M | 544.27M |
| EBITDA | -393.91M | -319.55M | 157.78M | 136.72M | 102.89M | 96.99M |
| Net Income | -348.41M | -284.84M | 69.50M | 58.95M | 48.22M | 57.56M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.19B | 1.42B | 1.15B | 1.08B | 849.52M |
| Cash, Cash Equivalents and Short-Term Investments | 57.55M | 57.55M | 277.85M | 65.24M | 70.86M | 18.87M |
| Total Debt | 0.00 | 280.56M | 177.89M | 203.15M | 189.54M | 120.17M |
| Total Liabilities | -722.07M | 464.56M | 387.63M | 483.63M | 511.47M | 391.20M |
| Stockholders Equity | 722.07M | 722.07M | 1.04B | 662.74M | 570.42M | 458.31M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -88.92M | -181.75M | -46.08M | -53.82M | -25.81M |
| Operating Cash Flow | 0.00 | -41.96M | -144.04M | -17.13M | 17.73M | 36.51M |
| Investing Cash Flow | 0.00 | 34.05M | -30.87M | -27.48M | -64.26M | -60.43M |
| Financing Cash Flow | 0.00 | 9.20M | 251.05M | 38.98M | 74.97M | 6.93M |
Dhruv Consultancy Services Ltd. Technical Analysis
Neutral
24.00
Price Trends
21.90
Negative
23.95
Negative
28.62
Negative
Market Momentum
-0.53
Positive
47.72
Neutral
31.99
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 24 is above the 20-day moving average (MA) of 20.66, above the 50-day MA of 21.90, and below the 200-day MA of 28.62, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 31.99 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹141.44B | 18.05 | ― | 1.99% | 16.30% | 41.66% | |
67 Neutral | ₹90.59B | 21.72 | ― | 4.27% | 10.62% | 8.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹11.69B | 0.33 | ― | 0.08% | -21.46% | ― | |
43 Neutral | ₹466.62M | -0.90 | ― | 1.46% | -70.62% | -400.50% | |
41 Neutral | ₹4.98B | 46.98 | ― | ― | -33.48% | ― | |
40 Underperform | ₹388.81M | -1.09 | ― | 1.87% | -63.77% | -537.92% |
* General Sector Average
IN:DHRUV
Dhruv Consultancy Services Ltd.
20.50
-32.90
-61.61%
IN:ENGINERSIN
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251.65
53.38
26.92%
IN:IL&FSENGG
IL&FS Engineering & Construction Co. Ltd.
38.00
10.92
40.32%
IN:MBECL
McNally Bharat Engineering Co. Ltd.
350.55
347.31
10719.44%
IN:RITES
RITES Ltd.
188.50
-48.36
-20.42%
IN:RKEC
RKEC Projects Ltd.
19.45
-47.81
-71.08%
Dhruv Consultancy Services Ltd. Corporate Events
Dhruv Consultancy Wins Rs 14.85 Crore Highway Supervision Mandate in Gujarat
Oct 19, 2026
Dhruv Consultancy Services Ltd. has secured a Letter of Acceptance to serve as Authority Engineer for consultancy and supervision of the upgrade of the Dholavira-Mauvana-Vauva-Santalpur section of NH-754K in Gujarat to a two-lane paved shoulder ca...
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.