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IndiaPulse

Dhariwalcorp Ltd. (DHARIWAL)

SME Cap

Industrials stocks · SME cap · NSE

Dhariwalcorp Ltd. operates in Chemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹24
+0.20 · +0.84%
Quote04 Sept, 03:58 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage8/14 · 57%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.4 (n=540)
Data confidence
Verify one data layer
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust needs verification, price trend argues for patience, and recent execution is mixed.

Suggested next step
Research, do not rush
The four lenses are not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
OVERVALUED
5

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Mixed Trust
58

low confidence · 0/0 claims checked

Technical
Neutral
43

Timing lens: price trend and sector relative strength.

Result consistency
mixed
63

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 31 Mar 2026

Good · 70/100

Rev +6% YoY · PAT +200% YoY · margin expansion · operating leverage

Filed 31 Mar 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹118 Cr+6.3%-0.8%
EBITDA₹3 Cr+200.0%-25.0%
Operating margin2.2%+160 bps-80 bps
PAT₹6 Cr+200.0%+100.0%
PAT margin5.1%+420 bps+256 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Issuer presentation review pending

Dhariwalcorp Ltd. operates in Chemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

43Neutral

SMA20 -32.8% / mo · MACD + · near 52W low

Stock trend: 40
Sector RS: 48
Sector 3M: -1.6% vs Nifty -1.5%

Technical chart

DHARIWALdaily · 1Y · AUTO-46.1%
Latest close ₹24.00 on 2026-09-04
Bar
-3.8%
RSI
54
MACD hist
1.11
52W pos
2%
2026-09-04O ₹24.95H ₹24.95L ₹22.65C ₹24.00Vol 8.5L sh
₹7.69₹57.26₹106.83₹156.39₹205.9652L24.002026-03VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 54. Wait for confirmation.

  • Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
  • SMA20 falling (~48.8% over last month) — short-term momentum negative.
  • RSI(14) at 54 — rising, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • 94% off 52W high · 44% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & score drivers

U-Score 5 · OVERVALUED · pillar breakdown, sector model, fair-value anchor

5U-SCORE
OVERVALUED

Fundamental score breakdown

OVERVALUED
Valuation1/30
Growth0/25
Quality0/20
Balance Sheet7/15
Cash Flow0/10
Piotroski
2/9 (+0)
Penalties
-3
Raw sum
5

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

5/100 · OVERVALUED

Positive drivers

  • Balance sheet contributes 7/15 to the score.
  • Valuation contributes 1/30 to the score.
  • Growth contributes 0/25 to the score.

Main drags

  • Altman Z is 0.0, in distress territory.
  • Penalty bucket subtracts 3 points.
  • Fair-value margin of safety is negative at -256.8%.
Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
26.3
PB
EV/EBITDA
37.7
ROE
ROCE
FCF Yield
Debt/Equity
0.0
MoS
-256.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
5
Previous: 5
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
-256.8%
Previous: -256.8%

Score history

12 stored score snapshots. Latest stored move: +3 points.

05 Sept 2026
v4.3-runtime-valuation
4
4
2
2
2
2
2
2
2
2
2
5

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
Growth-justified P/E
7.4
Growth-justified Value
₹6.72
-256.8% MoS
PEG

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
58Mixed Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Mixed Trust: Claim history is still being built. It ranks around the 23rd percentile of the scored universe and 18th percentile within Industrials. Main check: cash conversion is weak at 28/100.

Mixed Trust Lite: Promoter holding is 63.7%. Key concern: Promoter holding fell 10%.

Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Mixed Trust

Usable, but needs evidence. Treat guidance with a margin of safety.

Relative rank
23rd percentile

overall median 67 · Industrials: 18th pctile, median 68 · SME: 24th pctile, median 64

Evidence depth
Financial-only

0 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Mixed Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
68
acceptable · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
52
watch · capital discipline
Results
63
acceptable · quarterly consistency

Trust positives

  • Promoter holding is 63.7%.
  • Promoter pledge is zero.
  • Debt/equity is 0.00.
  • OPM spread across recent quarters is 2.4%.

Trust risks

  • Promoter holding fell 10%.
  • Operating cash flow is negative at ₹-1 Cr.
  • Only 0 years of positive FCF.
  • Profit margin is 2.6%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
26.30
P/B
EV/EBITDA
37.67
Market Cap
226.00Cr

Profitability

ROE
ROCE
ROA
Dividend Y

Growth (CAGR)

Revenue 5Y
EPS 5Y
Revenue 3Y
EPS 3Y

Balance Sheet

Debt/Equity
0.00
Interest Coverage
6.00×
Altman Z
0.00
Book Value

Cash Flow

FCF Yield
FCF Positive Y
0/5
OCF
-1.00 Cr
EPS TTM
0.91

Shareholding

Promoter Hold
63.65%
Promoter Pledge
0.00%
Momentum 52W
23%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in Industrials, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.