DHARAN INFRA EPC LIMITED Stock Price Today (NSE: DHARAN)

DHARAN INFRA EPC LIMITED

0.15+0.01 (+7.14%)
Market Closed

Fundamental Score

...

DHARAN INFRA EPC LIMITED Share Price — Live NSE/BSE Price, Fundamentals & Analysis

DHARAN INFRA EPC LIMITED share price today is 0.15, up +7.14% on NSE/BSE as of 22 June 2026. DHARAN INFRA EPC LIMITED (DHARAN) is a Small-cap company in the Residential, Commercial Projects sector with a market capitalisation of 188.24 (Cr). The 52-week high for DHARAN share price is 0.61 and the 52-week low is 0.11. The company has a Return on Equity (ROE) of -4.49% and a debt-to-equity ratio of 0.07.

DHARAN INFRA EPC LIMITED Share Price Chart — NSE/BSE Historical Performance

No data
High
0.16
Low
0.11
Volume
4.0Cr
Change
-13.33%

DHARAN INFRA EPC LIMITED share price chart: -13.33% return over the past month. 52-week high ₹0.61, 52-week low ₹0.11.

DHARAN INFRA EPC LIMITED — Last 10 Trading Days

DateOpenHighLowCloseVolume
0.150.150.140.15257.32L (Cr)
0.130.140.130.14642.64L (Cr)
0.130.130.130.130.00 (Cr)
0.130.130.130.130.00 (Cr)
0.130.130.130.130.00 (Cr)
0.130.130.130.130.00 (Cr)
0.120.130.110.13440.55L (Cr)
0.120.130.120.12514.06L (Cr)
0.130.140.130.13472.41L (Cr)
0.140.140.140.14407.77L (Cr)

DHARAN INFRA EPC LIMITED — Last 12 Months Price History

MonthOpenHighLowCloseChange
0.130.150.130.15+15.38%
0.140.140.110.13-7.14%
0.120.170.120.15+25.00%
0.170.180.110.11-35.29%
0.190.200.140.17-10.53%
0.220.250.180.18-18.18%
0.360.380.230.23-36.11%
0.440.560.350.36-18.18%
0.550.590.410.44-20.00%
0.440.610.440.57+29.55%
0.440.480.400.43-2.27%
0.460.470.390.42-8.70%

AI Research Briefing

Powered by Gemini · 2026-04-15

This micro-cap is a textbook value trap dressed up as a turnaround story; avoid until profitability and cash flow normalize.

Research Confidence
4.0/10Low
DEBT TRAP TURNAROUNDPrice is down -15.91% in the last 1M and -17.78% in the last 3M, but up 5.71% in the last 6M. Recent upper circuit suggests short-term positive momentum, but sustainability is questionable.P/E is non-existent due to negative earnings. Industry P/E is 35.86x, making DHARAN appear expensive even if it were profitable.

WHAT'S HAPPENING NOW (last 2-4 weeks)

Dharan Infra-EPC last traded at on April 13, 2026. On April 9, 2026, the stock hit its upper circuit of 6.25% at , with buyers lined up and no sellers.

CORE STORY (THE REAL GAME)

DHARAN is a micro-cap EPC player riding the government's renewable energy push, specifically solar projects. The market is treating it as a turnaround story based on order book expansion.

Why Now
  • Solar EPC order wins
  • Government renewable energy push
  • Upper circuit momentum
Potential Catalysts
  • Successful execution of solar projects
  • New order wins in renewable energy sector
  • Improvement in profitability metrics
Key Risks
  • Extreme micro-cap liquidity risk
  • Negative ROE, ROCE, and Interest Coverage
  • High revenue concentration risk
Institutional Activity

Promoter holding is negligible at 0.83%. FII holding is also minimal at 0.75%. No significant change in holdings.

Macro Context

Government's focus on renewable energy provides a tailwind, but execution risks remain high.

Order Book / Expansion

Dharan Infra Solar secured contracts worth ₹262.10 Cr for solar projects in Uttar Pradesh, targeted for completion by April 30, 2026.

Cash Flow Quality

Free Cash Flow 5Y is negative at ₹-87.65 Cr. Profit is not converting to cash.

3–6 Month Outlook

The next 3-6 months hinge on the company's ability to execute its existing order book and secure new contracts. Failure to do so will likely lead to a sharp correction.

Primary Thesis Risk

Inability to execute large orders and generate positive cash flow will lead to collapse.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

-4.49%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

-3.78%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

26.49%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

DHARAN INFRA EPC LIMITED Valuation Check

Price to Earnings (P/E)

N/A

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

35.86x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Poor

Promoter Holding

0.83%

% shares held by company founders/management

Poor

FII Holding

0.75%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

59.44%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

-89.08%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

-30.89%

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.07x

Total debt ÷ equity. Below 0.5 = financially healthy

Poor

Interest Coverage Ratio

-9.98x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-87.65 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

DHARAN INFRA EPC LIMITED Fundamental Analysis & Valuation Benchmarking

Educational evaluation of DHARAN across key market metrics for learning purposes.

Positive Indicators

4 factors identified

Strong Operating Margins (26.49%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Robust Profit Growth (59.44%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Conservative Debt Levels (D/E: 0.07)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

9 factors identified

Below-Average Return on Equity (-4.49%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Suboptimal ROCE (-3.78%)

Observation: Returns on capital employed are below expectations.

Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.

Revenue Contraction (-89.08%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Growth History (-30.89% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Weak Interest Coverage (-9.98x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-87.65 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Low Promoter Commitment (0.83%)

Observation: Reduced promoter stake may indicate limited confidence.

Analysis: Low promoter holding may raise questions about management commitment.

Limited Institutional Interest (FII+DII: 0.75%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

DHARAN INFRA EPC LIMITED vs Residential, Commercial Projects Peers

Peer Comparison - Residential, Commercial Projects

Compare DHARAN INFRA EPC LIMITED with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
13/100
0
₹188.24
-4.49%
Poor
-3.78%
Poor
0.1
Excellent
-30.89%
Poor
0.00%
DLF Ltd...
DLF532868
49.2/100
594
₹176317.23
45.7
Average
11.36%
Average
6.51%
Poor
0.0
Excellent
90.95%
Excellent
5.62%
Good
0.84%
31.7/100
1400
₹71505.13
93.4
Average
3.48%
Poor
7.66%
Poor
0.9
Good
4.12%
Average
-1.99%
Poor
0.11%
45.5/100
1789
₹63179.28
40.8
Average
8.98%
Poor
6.57%
Poor
0.9
Good
40.91%
Excellent
15.06%
Excellent
0.00%
62/100
1772
₹61866.27
57.8
Average
9.36%
Poor
10.75%
Average
0.5
Excellent
23.32%
Excellent
14.48%
Good
0.14%
54.3/100
1693
₹58897.53
26.4
Average
14.67%
Average
17.73%
Good
0.2
Excellent
25.94%
Excellent
18.76%
Excellent
0.49%
62.5/100
660
₹21966.91
27.6
Average
14.92%
Average
13.34%
Average
0.8
Good
36.56%
Excellent
14.03%
Good
0.28%
68.1/100
508
₹20611.94
41.8
Average
10.89%
Average
11.17%
Average
0.1
Excellent
73.92%
Excellent
49.46%
Excellent
0.13%
Sobha Ltd...
SOBHA532784
42.9/100
1395
₹16352.79
110.0
Average
2.68%
Poor
6.44%
Poor
0.2
Excellent
-19.57%
Poor
1.47%
Average
0.20%
39/100
801
₹15880.75
204.2
Average
14.72%
Average
5.42%
Poor
3.6
Poor
30.05%
Excellent
59.56%
Excellent
0.00%
0/100
60
₹10648.01
2.53%
Poor
3.19%
Poor
0.5
Excellent
-7.08%
Poor
-7.79%
Poor
0.00%

DHARAN INFRA EPC LIMITED Dividend History

Annual cash dividends paid by DHARAN — dividend yield N/A

Financial YearDividends Paid (₹ Cr)
FY 20220.27 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

DHARAN INFRA EPC LIMITED Quarterly Performance

Latest quarterly metrics for DHARAN — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

-89.08%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

59.44%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

-30.89%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

DHARAN INFRA EPC LIMITED Technical Indicators

SMA 50, SMA 200, RSI and volume signals for DHARAN — calculated from daily price history

54RSI 14
Neutral — RSI 54

Momentum is balanced — neither overbought nor oversold.

SMA 50
0
▼ Price below SMA 50 — Short-term bearish
SMA 200
0
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
37489K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

DHARAN INFRA EPC LIMITED Financial Statements

Annual income statement, balance sheet and cash flow for DHARAN INFRA EPC LIMITED (DHARAN) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for DHARAN INFRA EPC LIMITED

About DHARAN (DHARAN INFRA EPC LIMITED)

DHARAN INFRA EPC LIMITED is a dynamic infrastructure development company rapidly establishing itself as a key player in India's construction sector. While their portfolio encompass...es a wide range of projects, Dharan demonstrates particular strength in delivering high-quality residential and commercial properties. Known for integrating modern design principles with sustainable building practices, Dharan creates spaces that are both aesthetically pleasing and environmentally responsible. Their commitment to innovation and meticulous planning ensures that each project meets the evolving needs of its users, fostering vibrant communities and thriving business environments. Dharan’s unwavering dedication to timely execution and adherence to stringent quality control measures further solidifies its reputation as a trusted partner in realizing ambitious development visions. In the realm of residential projects, DHARAN INFRA EPC LIMITED strives to create homes that seamlessly blend comfort, functionality, and style. Dharan's residential developments range from thoughtfully designed apartment complexes to expansive, luxurious villas, each built with meticulous attention to detail and a focus on maximizing livability. Incorporating smart home technologies and energy-efficient systems, Dharan's residential properties offer residents a modern and sustainable lifestyle. Beyond the physical structures, Dharan emphasizes the creation of community-centric environments, incorporating green spaces, recreational facilities, and social hubs to foster a sense of belonging among its residents. Ultimately, Dharan aims to redefine the concept of modern living by delivering residential spaces that are not just houses, but homes that enhance the overall quality of life. DHARAN INFRA EPC LIMITED's commercial projects reflect a commitment to creating dynamic and innovative business environments. Dharan specializes in constructing state-of-the-art office complexes, retail spaces, and mixed-use developments that cater to the diverse needs of the modern business world. Emphasizing functionality and adaptability, Dharan designs commercial spaces that foster collaboration, productivity, and growth. Integrating cutting-edge technologies and sustainable design elements, Dharan's commercial properties aim to enhance the operational efficiency and environmental performance of its clients. From landmark skyscrapers to vibrant shopping centers, Dharan's commercial projects stand as testaments to its expertise in delivering world-class infrastructure that empowers businesses and shapes the urban landscape.

Company Details

Symbol:DHARAN
Industry:Residential, Commercial Projects
Sector:Residential, Commercial Projects

Key Leadership

Mr. Liyakat Mohommad Khan
Chief Financial Officer
Ms. Mayura Dinesh Marathe
Compliance Officer & Company Secretary
Mr. Devesh Naresh Karda
MD & Executive Director

DHARAN Share Price: Frequently Asked Questions

What is the current share price of DHARAN INFRA EPC LIMITED?

DHARAN INFRA EPC LIMITED (DHARAN) trades at ₹0.15 on NSE and BSE. Market cap ₹188.24 (Cr). Educational data only.

What is the P/E ratio of DHARAN INFRA EPC LIMITED?

DHARAN INFRA EPC LIMITED has a P/E of N/Ax vs industry average 35.86x.

What is the Bull Run score for DHARAN INFRA EPC LIMITED?

DHARAN INFRA EPC LIMITED has a Bull Run score of 13/100 based on 25+ financial parameters.

Does DHARAN INFRA EPC LIMITED pay dividends?

DHARAN INFRA EPC LIMITED has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of DHARAN INFRA EPC LIMITED?

DHARAN INFRA EPC LIMITED has ROE of -4.49%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of DHARAN INFRA EPC LIMITED?

DHARAN INFRA EPC LIMITED has debt-to-equity of 0.07.

Is DHARAN INFRA EPC LIMITED a good investment?

Bull Run gives DHARAN INFRA EPC LIMITED a score of 13/100. This is not investment advice — consult a SEBI-registered advisor.