Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹37Cr
Rev Gr TTM
Revenue Growth TTM
74.07%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DMR
VS
| Quarter | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 0.0 | 38.3 | 83.9 | 43.0 | 80.9 | 68.2 |
| 2 | 1 | 2 | 2 | 3 | 4 | 5 | 4 |
Operating Profit Operating ProfitCr |
| 19.4 | 34.4 | 19.4 | 27.1 | 29.9 | 21.8 | 22.8 | 40.5 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 1 | 1 | 1 | 2 | 3 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | | | 0.0 | 24.5 | 232.1 | 22.9 | 31.2 | 184.0 |
| 13.3 | 21.6 | 13.3 | 19.4 | 24.0 | 16.7 | 17.4 | 28.2 |
| 0.3 | 0.5 | 0.3 | 0.6 | 0.9 | 0.3 | 1.1 | 1.8 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 60.4 | 63.9 | 26.6 |
| 3 | 5 | 9 | 10 |
Operating Profit Operating ProfitCr |
| 27.0 | 28.7 | 22.4 | 32.0 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 |
| 1 | 2 | 3 | 5 |
| 0 | 1 | 1 | 1 |
|
| | 100.2 | 27.6 | 70.4 |
| 17.6 | 22.0 | 17.1 | 23.0 |
| 0.8 | 1.6 | 0.7 | 2.8 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 4 | 4 | 4 |
| 2 | 4 | 8 |
Current Liabilities Current LiabilitiesCr | 1 | 1 | 3 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 3 | 5 | 10 |
Non Current Assets Non Current AssetsCr | 4 | 5 | 6 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 | 1 | 0 |
Investing Cash Flow Investing Cash FlowCr | 0 | -1 | -1 |
Financing Cash Flow Financing Cash FlowCr | 0 | 0 | 3 |
|
Free Cash Flow Free Cash FlowCr | 0 | 2 | 0 |
| 79.4 | 60.0 | -13.1 |
CFO To EBITDA CFO To EBITDA% | 51.7 | 46.0 | -10.0 |
| Financial Year | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 14 | 47 | 47 |
Price To Earnings Price To Earnings | 18.2 | 30.9 | 25.4 |
Price To Sales Price To Sales | 3.2 | 6.8 | 4.1 |
Price To Book Price To Book | 2.4 | 6.1 | 3.9 |
| 12.3 | 23.5 | 17.5 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 |
| 27.0 | 28.7 | 22.4 |
| 17.6 | 22.0 | 17.1 |
| 17.1 | 26.6 | 21.3 |
| 13.3 | 19.9 | 16.3 |
| 11.2 | 16.4 | 12.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
DMR Engineering Limited (formerly DMR Hydroengineering & Infrastructures Limited) is a mid-sized, diversified engineering consultancy firm with a strong focus on infrastructure projects in the water resources, renewable energy, and transportation sectors. Incorporated in 2009 and listed on the BSE SME platform (symbol: DMR, security code: 543410), the company has evolved from a small hydropower-focused entity into a multidisciplinary firm with over 80 experienced engineers and operations across more than 15 Indian states and multiple international markets.
As of FY25–26, DMR is repositioning itself under a new identity—**DMR Engineering Limited**—to reflect its broadened scope beyond hydropower into pumped storage, solar energy, irrigation, urban infrastructure, and geotechnical services.
---
### **Key Developments (Recent – Oct 2025)**
- **Strong Subsidiary Performance:**
- **DM Consulting Engineers Pvt Ltd**, DMR’s subsidiary specializing in geophysical investigations, generated **₹205.90 lakhs in revenue** and **₹80.00 lakhs in profit after tax** in H1 FY25–26, indicating robust growth and profitability in subsurface investigation services.
- **Major Project Win:**
- Secured a high-value contract via a **joint venture with an international consulting firm** to prepare a **Detailed Project Report (DPR)** for a pumped storage project in Maharashtra, commissioned by a leading Indian public sector enterprise.
- **Strategic International Expansion:**
- Completed a **dam safety assessment for six dams in Bhutan**, marking a significant entry into the Bhutanese hydropower market, known for its untapped potential.
- Gaining traction in **Southeast Asia**, with active project pursuits in Laos, Cambodia, and Vietnam, where local technical expertise is limited.
- **Core Capability Building:**
- Strengthening expertise in **geotechnical engineering, structural engineering, BIM, and 3D modeling** to enhance design quality and competitiveness.
---
### **Growth Initiatives & Diversification (2024–2025)**
- **Business Expansion into New Sectors:**
- Expanded service offerings into **pumped storage, solar energy, small hydro, irrigation, tunnels, and urban infrastructure**, aligning with India’s clean energy transition and infrastructure development goals.
- **Subsidiary Integration & Name Change:**
- Acquired a **controlling stake in DM Consulting Engineers Pvt Ltd**, strengthening capabilities in **Engineering Geophysics** for subsurface investigations.
- Proposed to **change the company name to DMR Engineering Limited** to better represent its diversified engineering portfolio and pan-sector presence.
- **Global Joint Ventures & Empanelments:**
- **Joint venture with Fichtner GmbH (Germany)** empaneled by **THDC Ltd and NHPC Ltd** to prepare DPRs for upcoming pumped storage projects in India.
- Appointed as **Lender Independent Engineer (LIE)** by **Punjab National Bank** for Techno-Economic Valuation (TEV) studies and previously by **IREDA**, enhancing credibility in project financing due diligence.
---
### **Operational & Financial Highlights**
- **Project Portfolio:**
- Has executed **nearly 200 projects** across India and in over **10 countries**, including Bhutan, Nepal, Lao PDR, Cambodia, Nigeria, Uganda, Tanzania, Germany, and Senegal.
- **Order Book & Revenue Growth:**
- **Order book stood at ₹13.5 crores** as of March 2024, with **₹2.91 crores in new contracts added in Q1 FY24–25**.
- **Export revenues** reached **₹118.88 lakhs in FY2023**, down slightly to **₹24.94 lakhs in FY2024**, but international engagement remains a key strategic focus with new projects in Bhutan and Laos.
- **Sector-wise Revenue (FY2022–23):**
- **Hydro & Renewables:** ₹266.19 lakhs (58%)
- **Water Resources, Dams & Weirs:** ₹107.9 lakhs
- **Road Tunnels:** ₹30.71 lakhs
- **Railway Tunnels:** ₹32.93 lakhs
- Water resources revenue nearly doubled from FY21–22, signaling growth momentum.
---
### **Service Offerings & Capabilities**
#### **Core Sectors Served:**
- Hydropower (small & large hydro)
- Pumped Storage Projects (PSP)
- Solar Energy
- Water Resources & Irrigation
- Dams & Dam Safety
- Road & Railway Tunnels
- Urban Infrastructure (bridges, culverts, buildings)
- Mining (limited but growing)
#### **Service Portfolio (End-to-End Lifecycle Coverage):**
1. **Strategic Advisory & Feasibility Studies**
2. **Detailed Design & Engineering**
3. **Bid & Construction Engineering**
4. **Due Diligence & Regulatory Approvals**
5. **Quality Inspection & Third-Party Monitoring**
6. **Project Management & Commissioning**
#### **Technical Expertise:**
- Topographical & Geotechnical Surveys
- Hydraulic & Structural Design
- Numerical Modeling (RS3, MIDAS, RS2)
- Geophysics (tunnel mapping, landslide studies, tailing dam analysis)
- BIM & 3D Modeling (Revit, Civil 3D)
- Real-time Seismic Monitoring Systems (pioneered by technical lead Mr. Shyam Lal Kapil)
---
### **Geographic Presence**
- **Domestic (India):**
Active in **more than 15 states**, including J&K, Himachal Pradesh, Uttarakhand, Maharashtra, Rajasthan, Odisha, Madhya Pradesh, Jharkhand, Chhattisgarh, and Uttar Pradesh.
- **International Markets:**
Bhutan, Nepal, Lao PDR, Cambodia, Vietnam, Nigeria, Uganda, Tanzania, Germany, UAE, Senegal.
---
### **Corporate Structure**
- **Subsidiaries:**
- **DMR Consulting Inc.** – Wholly owned subsidiary in the USA
- **DM Consulting Engineers Pvt Ltd** – Focused on geophysical investigations (acquired controlling stake)
- **DM Gates & Penstocks Pvt Ltd** – Specialized in hydro-mechanical design
---
### **Client Base**
- **Public Sector:** PSUs (NHPC, THDC), Central & State Governments
- **EPC Contractors**
- **Independent Power Producers (IPPs)**
- **Financial Institutions:** IREDA, Punjab National Bank (as Lender Engineer)
- **Other Consulting Firms (JV partners)**
---
### **Strategic Growth Drivers**
- **India’s Focus on Renewable Energy & Pumped Storage:** Government initiatives driving demand for PSP and small hydro projects.
- **Global Infrastructure Demand:** Opportunities in Africa, Middle East, and Southeast Asia.
- **In-House Technology & Software Adoption:** Usage of **Zoho suite (CRM, Projects, HR)** and advanced tools like **RS2, RS3, MIDAS, STAD Pro, Revit** for enhanced efficiency.
- **R&D & Academic Collaboration:** Engaged with IITs and NITs for innovation in dam safety and tunneling.