Dhara Rail Projects Ltd
Incorporated in 2010, the company is an ISO 9001:2015 certified company, engaged in the business of executing various types of contractual railway projects and related services which includes Annual Maintenance Contracts (AMC) and repair services for a wide range of railway rolling stock systems. Its services include annual maintenance and repair of train lighting equipment across all rolling stock categories, including the latest Vande Bharat trains, along with annual maintenance and repair for Overhead Equipment (OHE) maintenance vehicles (Tower Wagons), Power Car equipment and HVAC systems. In addition to maintenance services, the company undertakes the Supply, Installation, Testing, and Commissioning (SITC) of various electrical equipment across all types of rolling stock. The Company provides services to the Ministry of Railways, Government of India, either through directly awarded contracts secured via competitive tendering or through pre-bid arrangements with various OEM's.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Shareholding
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
- To Meet Working Capital Requirements of the Company
- General Corporate Purpose
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 27 | 31 | 44 | 57 |
| Operating ProfitCr | 1 | 1 | 5 | 20 |
| OPM% | 2.8 | 4.2 | 11.9 | 35.1 |
| PBTCr | 1 | 4 | 9 | 21 |
| PATCr | 1 | 3 | 7 | 15 |
| EPS | 1 | 3 | 6 | 13 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | - |
| ReservesCr | 3 | 6 | 13 | - |
| BorrowingsCr | 23 | 28 | 21 | - |
| Total AssetsCr | 34 | 47 | 46 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -2 | -2 | -5 | -7 |
| Investing Cash FlowCr | -2 | -6 | 17 | 5 |
| Financing Cash FlowCr | 7 | 5 | -7 | 36 |
| Net Cash FlowCr | 3 | -2 | 5 | 34 |
Strengths & Risks
- Diversified Order Book of projects across India.
- Revenue from multiple geographies.
- Assured Quality Services.
- Experienced Senior Management.
- Continue to focus on operational efficiency.
- Focus on consistently meeting quality standards.
- Expanding its Geographical Footprints.
- Maintaining cordial relationship with its Suppliers and Clients.
- Its business and revenue are substantially dependent on the Ministry of Railways, Government of India. Any adverse change in policy of the Ministry of Railways may lead to the company contracts being foreclosed, terminated, restructured or renegotiated, which may has a material effect on its business and results of operations.
- The company industry is labour intensive and its business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by the company employees or those of its suppliers.
- Currently, The company delivering its goods and services to Indian Railways across various zones. Any adverse developments impacting the company operations in these zones could negatively affect its revenue and overall financial performance.
- the company's conduct all the company operations from its registered office and corporate office located in Mumbai, Maharashtra. Any materially adverse social, political, or economic developments, including civil disruptions in the state, may adversely impact the company business operations.
- The company has significant working capital requirements. If its experience insufficient cash flows from the company operations or are unable to borrow to meet its working capital requirements, it may materially and adversely affect the company business, cash flows and results of operations.
- Its does not own the registered office and corporate office from which its carry out the company business activities. In case of non renewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.