DVL
Dhunseri Ventures financials
- Market cap
- ₹1.0k Cr
- Sector
- Capital Goods
What Dhunseri Ventures Limited does
Dhunseri Ventures Limited is an investment holding company whose standalone business is trading PET Resin and commodities and holding treasury investments in listed shares. Through its wholly-owned subsidiary Dhunseri Poly Films Pvt Ltd (DPFPL), it runs a BOPET film manufacturing plant at Panagarh, West Bengal, and has a BOPP production line under construction at Jammu. It holds 50% joint-venture stakes alongside the Indorama Ventures group in PET-resin/polyester producers IVL Dhunseri Petrochem Industries Pvt Ltd and IVL Dhunseri Polyester Company S.A.E. It also owns 81.83% of Singapore-based bakery chain Twelve Cupcakes Pte Ltd and 100% of Dhunseri Infrastructure Ltd, which holds the company's land/property assets.
Segments
- PET Resin & commodity trading
- Treasury/investment operations
- BOPET/BOPP film manufacturing
- Petrochemicals/polyester joint ventures
- Bakery / F&B (Twelve Cupcakes)
- Infrastructure/real estate
- Manufacturing footprint (via subsidiary)
- 1 BOPET film plant (Panagarh, West Bengal); BOPP line under construction (Jammu)
- Group structure
- 2 wholly-owned subsidiaries (DIL, DPFPL), 1 majority-owned subsidiary (Twelve Cupcakes Pte Ltd), 2 JVs with Indorama Ventures group
- JV stake — IVL Dhunseri Petrochem Industries Pvt Ltd
- 50%
- JV stake — IVL Dhunseri Polyester Company S.A.E
- 50%
- Stake in Twelve Cupcakes Pte Ltd (Singapore bakery chain)
- 81.83%
- Standalone permanent employees
- 20 (FY25)
Quarterly results
Q1 FY27: revenue up 45.0%, net profit up 145.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 148 | 113 | 134 | 160 | 69 −53% | 72 −36% | 71 −47% | 232 +45% |
| EBITDA | 47 | 34 | -109 | 82 | -41 −187% | -42 −224% | -61 +44% | 91 +11% |
| Net profit | 68 | 93 | -87 | 71 | -13 −119% | 6 −94% | 24 +128% | 174 +145% |
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 −18.4% 1Y
1Y: ₹350.95 on 10 Sept 2025 → ₹286.2. High ₹369.5 (6 Oct 2025), low ₹187.39 (30 Mar 2026).
Financials, as filed
Revenue grew 12.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to -16.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹265 Cr | ₹404 Cr | ₹556 Cr | ₹372 Cr |
| Operating profit | ₹-0 Cr | ₹54 Cr | ₹13 Cr | ₹-62 Cr |
| Operating margin | -0.2% | 13.4% | 2.3% | -16.7% |
| Interest | ₹6 Cr | ₹16 Cr | ₹29 Cr | ₹67 Cr |
| Depreciation | ₹22 Cr | ₹30 Cr | ₹36 Cr | ₹25 Cr |
| Net profit | ₹542 Cr | ₹152 Cr | ₹144 Cr | ₹88 Cr |
| Net margin | 204.3% | 37.6% | 25.9% | 23.7% |
| Cash from operations | ₹143 Cr | ₹-7 Cr | ₹-378 Cr | ₹-102 Cr |
| Free cash flow | ₹-215 Cr | ₹-92 Cr | ₹-453 Cr | ₹-822 Cr |
| ROCE | 28.0% | 7.0% | 7.0% | 7.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹35 Cr | ₹35 Cr |
| Reserves | ₹1.6k Cr | ₹2.0k Cr | ₹2.6k Cr | ₹2.9k Cr | ₹3.2k Cr | ₹3.3k Cr |
| Borrowings | ₹73 Cr | ₹115 Cr | ₹365 Cr | ₹377 Cr | ₹535 Cr | ₹952 Cr |
| Other liabilities | ₹216 Cr | ₹281 Cr | ₹528 Cr | ₹592 Cr | ₹596 Cr | ₹639 Cr |
| Total liabilities | ₹1.9k Cr | ₹2.5k Cr | ₹3.5k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.9k Cr |
| Fixed assets | ₹69 Cr | ₹74 Cr | ₹77 Cr | ₹628 Cr | ₹592 Cr | ₹580 Cr |
| Capital work in progress | ₹46 Cr | ₹84 Cr | ₹536 Cr | ₹55 Cr | ₹128 Cr | ₹819 Cr |
| Investments | ₹1.6k Cr | ₹2.1k Cr | ₹2.5k Cr | ₹2.8k Cr | ₹3.1k Cr | ₹3.1k Cr |
| Other assets | ₹139 Cr | ₹220 Cr | ₹404 Cr | ₹473 Cr | ₹547 Cr | ₹382 Cr |
| Total assets | ₹1.9k Cr | ₹2.5k Cr | ₹3.5k Cr | ₹3.9k Cr | ₹4.4k Cr | ₹4.9k Cr |
How to read this
As filed each year. 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 Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 9% to 23,040.
- Promoters
- 75.0%
- FIIs
- 0.6%
- DIIs
- 1.7%
- Public
- 22.7%
Since Jun 2025
- FIIs −0.09 pp
- Public +0.08 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.6%, DIIs 2.1%, Public 22.4%.Dec '23: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.7%.Mar '24: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.7%.Jun '24: Promoters 75.0%, FIIs 0.5%, DIIs 1.7%, Public 22.7%.Sep '24: Promoters 75.0%, FIIs 0.7%, DIIs 1.7%, Public 22.6%.Dec '24: Promoters 75.0%, FIIs 0.7%, DIIs 1.7%, Public 22.6%.Mar '25: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.6%.Jun '25: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.6%.Sep '25: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.6%.Dec '25: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.6%.Mar '26: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.7%.Jun '26: Promoters 75.0%, FIIs 0.6%, DIIs 1.7%, Public 22.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Chakkalakkal Kunjuvareed Steephen +0.16 pp 1.63% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Dhunseri Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Dhunseri Investments Limited | 65.23% | unchanged |
| Mint Investments Limited | 5.94% | unchanged |
| The New India Assurance Company Limited Insurer | 1.72% | unchanged |
| Chakkalakkal Kunjuvareed Steephen | 1.63% | +0.16 pp |
| Chandra Kumar Dhanuka Karta Of Shankarlal Chandra Kumar (Huf) | 1.16% | unchanged |
| Trimplex Investments Limited | 0.82% | unchanged |
| Mrigank Dhanuka | 0.33% | unchanged |
| Chandra Kumar Dhanuka | 0.27% | unchanged |
| Madhuting Tea Private Limited | 0.26% | unchanged |
| Chandra Kumar Dhanuka, Trustee, Aman Dhanuka Trust | 0.26% | unchanged |
| Chandra Kumar Dhanuka, Trustee, Ayaan Dhanuka Trust | 0.26% | unchanged |
| Aruna Dhanuka | 0.24% | 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.
Learn to analyse Dhunseri Ventures Limited
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