Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹20Cr
Rev Gr TTM
Revenue Growth TTM
-0.27%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DRA
VS
| Quarter | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -17.1 | -39.8 | -15.2 | -10.7 | 5.6 | 47.1 | -22.6 | -2.0 | 59.0 | 32.4 | -3.1 | 3.7 |
| 11 | 5 | 8 | 4 | 8 | 6 | 7 | 6 | 11 | 7 | 10 | 8 |
Operating Profit Operating ProfitCr |
| 2.4 | 5.6 | 20.4 | 12.8 | 19.4 | 19.8 | 14.6 | 18.0 | 16.9 | 18.5 | 18.2 | 18.1 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 3 | 2 | 3 | 2 |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
|
Growth YoY PAT Growth YoY% | -61.4 | -74.8 | 114.3 | 7.7 | 1.5 | 171.4 | -28.5 | -18.4 | 80.6 | 59.7 | -4.0 | -2.0 |
| 5.5 | 4.9 | 13.8 | 5.9 | 13.2 | 10.8 | 12.2 | 9.0 | 13.9 | 10.9 | 13.8 | 10.3 |
| 0.6 | 0.2 | 1.2 | 0.3 | 1.3 | 0.7 | 0.9 | 0.6 | 1.6 | 0.9 | 1.6 | 0.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 59.8 | 4.2 | 9.2 | 21.2 | -9.5 | -25.9 | -0.1 | -0.6 | 30.5 | 9.3 | 1.6 |
| 8 | 13 | 14 | 14 | 18 | 18 | 13 | 13 | 12 | 16 | 18 | 18 |
Operating Profit Operating ProfitCr |
| 24.0 | 23.0 | 20.8 | 22.8 | 18.8 | 10.8 | 15.2 | 17.3 | 17.1 | 17.3 | 18.4 | 18.2 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| 2 | 3 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 4 | 4 |
| 1 | 1 | 1 | 1 | -1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
| | 57.8 | 6.0 | 25.5 | 72.3 | -66.7 | -2.3 | 2.3 | 5.0 | 37.2 | 13.1 | -0.8 |
| 13.4 | 13.2 | 13.4 | 15.4 | 21.9 | 8.1 | 10.7 | 10.9 | 11.5 | 12.1 | 12.5 | 12.3 |
| 13,695.0 | 21,608.5 | 3.1 | 2.6 | 2.6 | 1.5 | 1.5 | 1.5 | 1.6 | 2.2 | 2.5 | 2.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 0 | 0 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| 8 | 10 | 4 | 7 | 10 | 12 | 13 | 15 | 17 | 19 | 22 |
Current Liabilities Current LiabilitiesCr | 7 | 7 | 6 | 4 | 7 | 6 | 7 | 6 | 4 | 4 | 3 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 13 | 10 | 15 | 14 | 18 | 15 | 14 | 15 | 13 | 15 | 17 |
Non Current Assets Non Current AssetsCr | 2 | 7 | 6 | 8 | 10 | 14 | 17 | 17 | 18 | 19 | 19 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 3 | -2 | 2 | 5 | 3 | 5 | -1 | 2 | 2 | 2 |
Investing Cash Flow Investing Cash FlowCr | -4 | -1 | -2 | -3 | -5 | -4 | -1 | -1 | -1 | 0 |
Financing Cash Flow Financing Cash FlowCr | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Free Cash Flow Free Cash FlowCr | 3 | -2 | 1 | 5 | 3 | -2 | -1 | 2 | 1 | 1 |
| 152.1 | -71.0 | 74.5 | 103.0 | 168.4 | 301.7 | -38.5 | 122.6 | 77.0 | 66.0 |
CFO To EBITDA CFO To EBITDA% | 87.1 | -45.9 | 50.3 | 120.6 | 126.6 | 211.8 | -24.3 | 82.8 | 54.1 | 45.1 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 51 | 30 | 13 | 6 | 10 | 15 | 22 | 27 | 27 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 22.1 | 10.3 | 2.6 | 3.9 | 6.2 | 8.9 | 12.6 | 11.5 | 10.2 |
Price To Sales Price To Sales | 0.0 | 0.0 | 3.0 | 1.6 | 0.6 | 0.3 | 0.7 | 1.0 | 1.4 | 1.4 | 1.3 |
Price To Book Price To Book | 0.0 | 0.0 | 3.3 | 1.6 | 0.6 | 0.3 | 0.4 | 0.6 | 0.8 | 0.9 | 0.8 |
| -0.5 | -0.1 | 14.3 | 6.9 | 2.5 | 2.6 | 3.5 | 5.4 | 7.9 | 7.4 | 5.9 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 24.0 | 23.0 | 20.8 | 22.8 | 18.8 | 10.8 | 15.2 | 17.3 | 17.1 | 17.3 | 18.4 |
| 13.4 | 13.2 | 13.4 | 15.4 | 21.9 | 8.1 | 10.7 | 10.9 | 11.5 | 12.1 | 12.5 |
| 27.7 | 36.0 | 23.8 | 21.8 | 19.0 | 9.9 | 10.2 | 9.2 | 9.1 | 10.9 | 11.8 |
| 17.2 | 21.4 | 14.9 | 15.8 | 23.5 | 7.3 | 6.6 | 6.3 | 6.3 | 7.9 | 8.2 |
| 9.1 | 12.8 | 10.5 | 12.9 | 17.9 | 5.8 | 5.2 | 5.1 | 5.5 | 7.0 | 7.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
DRA Consultants Limited is a premier Indian engineering consultancy specializing in technical, commercial, legal, and financial advisory services for large-scale urban infrastructure and industrial utility projects. Operating as a **single-segment entity**, the company provides end-to-end solutions—from conceptualization and feasibility to commissioning and long-term operations—for both public and private sector clients.
---
### **Strategic Alignment with National Infrastructure Missions**
The company’s business model is deeply integrated with the Government of India’s flagship urban development schemes. DRA Consultants acts as a critical technical bridge for Urban Local Bodies (ULBs) to access federal funding and execute complex engineering mandates.
| Government Scheme | DRA’s Role & Service Scope |
| :--- | :--- |
| **AMRUT 2.0** | Secured **INR 6,000 crore** in funding for managed water supply and sewerage projects; provides DPR and PMC services. |
| **SBM 2.0 (Swachh Bharat)** | Implementation of Used Water Management, sanitation infrastructure, and septage systems. |
| **Jal Jeevan Mission (Urban)** | Consultancy for water body rejuvenation, green space development, and universal water access. |
| **Smart Cities Mission** | Transaction advisory and specialized technical consultancy for high-tech urban interventions. |
| **Make in India** | Alignment with industrial utility development and localized engineering excellence. |
---
### **Core Competencies & Specialized Service Portfolio**
DRA Consultants holds **ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018** certifications, reflecting a commitment to international quality and safety standards across four primary domains:
* **Water Resource & Supply Management:** Expertise in sourcing (e.g., **Andra and Bhama Askhed Dams**), **24x7 pressurized supply systems**, and **Water Audits** (from headworks to distribution).
* **Wastewater & Environmental Engineering:** Design and execution of **Sewage Treatment Plants (STP)** and **Common Effluent Treatment Plants (CETP)** ranging from **2 MLD to 35 MLD**. Specialized in **Zero Liquid Discharge (ZLD)** and river rejuvenation (e.g., **Pohra and Kanh Rivers**).
* **Sustainable Urban Transport:** Transactional advisory for electric mobility, including the procurement and O&M consultancy for **250 AC electric buses** and associated **Fast Charging Infrastructure**.
* **Strategic Advisory & Audits:** Specialized expertise in the **3-R (Reduce-Recycle-Reuse)** framework, **Public-Private-Partnerships (PPP)**, and the establishment of sustainable water tariffs and bylaws for municipal governance.
---
### **Operational Footprint & High-Value Project Pipeline**
With over **20 years** of experience and a track record of managing projects valued at over **INR 2,000 crore** (with historical involvement in portfolios up to **INR 8,000 crore**), the company maintains a robust presence across India and select international markets.
**Key Active Engagements (2024-2025):**
* **Pimpri Chinchwad (PCMC):** Managing the **24x7 water supply system** and STP upgradation.
* **Indore (IMC):** Leading the **Kanh River Rejuvenation** for the **Sinhasth-2028** event and SCADA-integrated water works.
* **Nagpur (NMC/NMRDA):** Executing sewerage action plans and the benchmark **24x7 water supply scheme**, which serves as an international case study.
* **Industrial Utilities (MPIDC):** Developing a **2 MLD ZLD-based CETP** in Rewa and a comprehensive water supply scheme in Maihar, both including **5-year O&M** periods.
* **International:** Providing Detailed Engineering Design (DED) for the **Kano State Water Board, Nigeria**, funded by the **French Development Agency (AFD)**.
---
### **Financial Performance & Governance Framework**
The company maintains a stable financial profile with a focus on profitability and disciplined capital management. As an **SME Exchange** listed entity, it currently utilizes exemptions from **Indian Accounting Standards (IND AS)**, reporting under traditional Indian GAAP.
**Financial Summary (FY 2022-23 vs. FY 2021-22):**
| Metric | FY 2022-23 | FY 2021-22 | Growth/Status |
| :--- | :--- | :--- | :--- |
| **Revenue from Operations** | **INR 15.04 Cr** | **INR 15.12 Cr** | Stable |
| **Other Income** | **INR 58.30 Lakhs** | **INR 47.07 Lakhs** | +23.8% |
| **Profit Before Tax (PBT)** | **INR 2.37 Cr** | **INR 2.27 Cr** | +4.4% |
| **Net Profit (PAT)** | **INR 1.73 Cr** | **INR 1.65 Cr** | **+5.04%** |
| **Audit Opinion** | **Unmodified** | **Unmodified** | "True & Fair" |
**Governance & Leadership Transition:**
In **April 2024**, **Mr. Aditya Rathi** was elevated to **Managing Director**, succeeding **Mr. Dinesh Rathi** (now **Chairman**). To support growth, the company established a **Finance Committee** in **December 2025** to oversee treasury functions. The MD holds authorized borrowing powers of up to **INR 5 crore** to fund working capital and equipment acquisition.
---
### **Strategic Growth Drivers & Risk Mitigation**
DRA Consultants is pivoting toward higher-margin **industrial infrastructure** and **O&M consultancy** to diversify its municipal-heavy portfolio.
**Key Growth Drivers:**
* **Digital Integration:** Increasing use of **SCADA** and automated monitoring in water distribution projects.
* **Sustainability Mandates:** Rising demand for **Zero Liquid Discharge (ZLD)** and **Used Water Management** under **SBM 2.0**.
* **Liquidity Management:** Active management of surplus funds through a dedicated Demat account for investments in **mutual funds, bonds, and equities**.
**Risk Factors:**
* **Regulatory Sensitivity:** Changes in **tax structures** or **Government infrastructure spending** priorities.
* **Macroeconomic Volatility:** Fluctuations in **input costs** (raw materials) and **exchange rates** for international contracts.
* **Project Concentration:** Heavy reliance on government-tendered cycles and municipal fiscal health.
* **Market Dynamics:** Volatility in the pricing of finished goods and global demand-supply shifts.