Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · DHARAN INFRA-EPC LIMITED · 7 November 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
DHARAN INFRA-EPC LIMITED is a listed company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY25 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
Revenue
102
108
21
18
EBITDA (ex other income)
29
(1)
(53)
(40)
margin %
28.2
(0.7)
(259.2)
(220.2)
Owners' profit
0
0
0
(38)
EPS, as reported (₹)
2.79
(0.20)
(0.33)
(0.11)
ROE % · ROCE %
12.4 · 15.3
(1.0) · 1.1
(4.0) · (2.6)
(4.3) · (3.5)
Debt / equity (x)
0.64
9.47
0.08
0.07
Cash from operations
(20)
(166)
72
17
Capex
(0)
(0)
(0)
(0)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · DHARAN INFRA-EPC LIMITED · 7 November 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Revenue
13
13
9
6
1
1
0
3
Profit before tax
(29)
(6)
(15)
(0)
(20)
(2)
(8)
(4)
Net profit
(29)
(6)
(15)
(0)
(20)
(2)
(8)
(4)
EPS (₹)
(0.30)
(0.05)
(0.09)
(0.05)
(0.02)
(0.01)
0.00
(0.02)
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY25
Segment
Revenue, ₹ crore
Share %
Real Estate
18
85.9
Investment (Subsidiary)
3
14.1
Total, before eliminations
21
100.0
Source: the filed segment block, four quarters summed.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · DHARAN INFRA-EPC LIMITED · 7 November 2026Page 3 of 3
Exhibit 4: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
3 Nov 2026 · Dharan Infra-EPC under insolvency process; creditor list disclosed
regulatory legal
high
—
—
26 Oct 2026 · First Creditors Meeting for Dharan Infra-EPC scheduled for 30 October 2026
regulatory legal
high
—
—
19 Oct 2026 · NCLT weighs CIRP withdrawal plea amid about Rs 600 crore claims
regulatory legal
critical
—
—
19 Oct 2026 · NCLAT order on insolvency CIRP withdrawal plea for Dharan Infra-EPC
regulatory legal
critical
—
—
19 Oct 2026 · NCLT dismisses CIRP withdrawal application; insolvency process to continue
regulatory legal
critical
—
—
23 Aug 2026 · SEBI investigation update - suspended directors yet to submit information
regulatory legal
critical
—
—
18 Aug 2026 · Dharan Infra-EPC: Update on ongoing SEBI investigation
regulatory legal
high
—
—
17 Aug 2026 · Dharan Infra-EPC under SEBI investigation, responding to summons
regulatory legal
high
—
—
14 Jul 2026 · Promoters confirm no new encumbrance in FY26 under Reg 31(4)
ownership changes
medium
—
—
30 Jun 2026 · DHARAN INFRA-EPC LIMITED has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
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Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
an event is a fact; a rating is an opinion that requires SEBI RA registration
A target price and upside
The current price and the multiples against the group
a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
