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Dhruv Consultancy Services Ltd.
(DHRUV)
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Rating:44Neutral
Price Target:
₹20.50
▼(-14.58% Downside)
Action:Reiterated
Date:10/09/26
The score is held down primarily by the FY2026 financial breakdown (steep revenue decline, swing to heavy losses) and persistent negative operating/free cash flow, which raises liquidity and sustainability risk. Technicals add further pressure as the stock trades below all major moving averages with negative MACD. Valuation is only modestly supportive because a negative P/E mainly signals loss-making conditions and there is no dividend yield provided.
Positive Factors
Geospatial service model
The company operates in a specialized technical-services segment where mapping, surveying, and processed location data support infrastructure planning and execution. This service model can remain relevant across project cycles because clients require technical data and engineering outputs throughout development and monitoring.
Negative Factors
Sharp revenue and earnings deterioration
The latest financial year represents a material break from the prior operating trend, combining a steep revenue contraction with losses across key profit measures. If this deterioration persists, lower scale could weaken cost absorption, reduce investment capacity, and make earnings recovery less predictable over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Geospatial service model
The company operates in a specialized technical-services segment where mapping, surveying, and processed location data support infrastructure planning and execution. This service model can remain relevant across project cycles because clients require technical data and engineering outputs throughout development and monitoring.
Read all positive factors
Dhruv Consultancy Services Ltd. (DHRUV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹441.16M
Dividend Yield1.87%
Average Volume (3M)924.00
Price to Earnings (P/E)―
Beta (1Y)1.02
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. Volume1,256
30 Day Avg. Volume924
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
Positive
24.00
Price Trends
22.93
Positive
25.31
Negative
30.55
Negative
Market Momentum
-0.62
Negative
58.34
Neutral
54.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DHRUV, the sentiment is Positive. The current price of 24 is above the 20-day moving average (MA) of 21.23, above the 50-day MA of 22.93, and below the 200-day MA of 30.55, indicating a neutral trend. The MACD of -0.62 indicates Negative momentum. The RSI at 58.34 is Neutral, neither overbought nor oversold. The STOCH value of 54.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ₹164.71B | 21.01 | ― | 1.71% | 16.30% | 41.66% | |
67 Neutral | ₹95.40B | 22.91 | ― | 4.05% | 10.62% | 8.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹441.16M | -1.25 | ― | 1.87% | -63.77% | -537.92% | |
44 Neutral | ₹15.49B | 0.44 | ― | 0.08% | -21.46% | ― | |
43 Neutral | ₹476.69M | -0.92 | ― | 1.46% | -70.62% | -400.50% | |
41 Neutral | ₹5.24B | 47.53 | ― | ― | -33.48% | ― |
* General Sector Average
IN:DHRUV
Dhruv Consultancy Services Ltd.
23.26
-27.53
-54.20%
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464.70
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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.