DHARIWAL
DHARIWAL financials
- Market cap
- ₹248 Cr
- Sector
- Chemicals
Quarterly results
Q4 FY26: revenue up 6.3%, net profit up 200.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 118 | 111 | 120 | 113 | 119 +1% | 118 +6% |
| EBITDA | 3 | 1 | 3 | 1 | 4 +33% | 3 +200% |
| Net profit | 3 | 2 | 3 | 1 | 3 +0% | 6 +200% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −85.7% 1Y
1Y: ₹179 on 15 Sept 2025 → ₹25.6. High ₹407 (30 Jan 2026), low ₹17.1 (25 Aug 2026).
Balance sheet
| Year ending | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹9 Cr | ₹19 Cr |
| Reserves | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹26 Cr | ₹43 Cr |
| Borrowings | ₹6 Cr | ₹6 Cr | ₹9 Cr | ₹11 Cr | ₹8 Cr |
| Other liabilities | ₹6 Cr | ₹11 Cr | ₹4 Cr | ₹22 Cr | ₹10 Cr |
| Total liabilities | ₹14 Cr | ₹20 Cr | ₹21 Cr | ₹68 Cr | ₹79 Cr |
| Fixed assets | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹6 Cr | ₹15 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹7 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹7 Cr |
| Other assets | ₹12 Cr | ₹18 Cr | ₹17 Cr | ₹54 Cr | ₹50 Cr |
| Total assets | ₹14 Cr | ₹20 Cr | ₹21 Cr | ₹68 Cr | ₹79 Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −10.02 pp while the public added +5.98 pp. The shareholder count grew 127% to 1,048.
- Promoters
- 63.6%
- DIIs
- 4.0%
- Public
- 32.3%
Since Mar 2025
- Promoters −10.02 pp
- Public +5.98 pp
- DIIs +4.05 pp
How it drifted, 5 quarters
Over this window promoters fell from 73.5% to 63.6% — −9.8 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 73.5%, FIIs 3.7%, Public 22.8%.Mar '25: Promoters 73.7%, Public 26.3%.Sep '25: Promoters 73.7%, DIIs 0.1%, Public 26.2%.Nov '25: Promoters 73.9%, DIIs 0.0%, Public 26.1%.Mar '26: Promoters 63.6%, DIIs 4.0%, Public 32.3%.
Who bought this quarter
since Nov 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- M/S. Indo Thai Securities Limited-Investment Account .-Prop newly disclosed 7.55% held
- Greenx Wealth Multihorizons Opportunity Fund AIF newly disclosed 4.05% held
- Yagnik Bharatkumar Tank newly disclosed 2.34% held
- Surbhi Gulecha newly disclosed 0.00% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of DHARIWAL above SEBI's 1% disclosure line, and what changed since Nov 2025.
| Holder | Stake | Change |
|---|---|---|
| Shakshi Dhariwal | 32.47% | −5.71 pp |
| Manish Dhariwal | 30.91% | −4.24 pp |
| M/S. Indo Thai Securities Limited-Investment Account .-Prop | 7.55% | newly disclosed |
| Greenx Wealth Multihorizons Opportunity Fund AIF | 4.05% | newly disclosed |
| Yagnik Bharatkumar Tank | 2.34% | newly disclosed |
| Dilip Dhariwal | 0.27% | −0.26 pp |
| Bhuwal Craft N Thread | 0.00% | unchanged |
| Mahaveer Enterprises | 0.00% | unchanged |
| Abhay Kumar Sancheti Huf | 0.00% | unchanged |
| Deepmala Kothari | 0.00% | unchanged |
| Twinkal Bhandari | 0.00% | unchanged |
| Dilip Dhariwal Huf | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 23.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse DHARIWAL
Guides on how to read this kind of business and the numbers that matter.