| Quarterly Financials | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
Revenue  | 54 | 28 | 26 | 35 | 22 | 15 | 14 | 20 | 75 | 11 | 10 | 23 | 15 | 11 | 8 | 2 | 2 |
| Expenses | 31 | 16 | 17 | 25 | 22 | 11 | 9 | 22 | 70 | 21 | 9 | 46 | 19 | 23 | 6 | 25 | 3 |
| EBITDA | 22 | 12 | 10 | 10 | -1 | 4 | 5 | -3 | 5 | -10 | 1 | -23 | -4 | -13 | 2 | -23 | -0 |
| Operating Profit % | 39 % | 37 % | 25 % | 22 % | -5 % | 24 % | 33 % | -25 % | -11 % | -121 % | 298 % | -263 % | -54 % | -148 % | -4 % | -2,215 % | -107 % |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 4 | 3 | 3 | 4 | 4 | 2 | 4 | 3 | 3 | 3 | 3 | 7 | 1 | 3 | 2 | -3 | 2 |
| Profit Before Tax | 18 | 9 | 6 | 6 | -5 | 1 | 1 | -6 | 2 | -13 | -2 | -29 | -6 | -15 | -0 | -20 | -3 |
| Tax | 5 | 3 | 2 | 2 | 5 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 13 | 6 | 5 | 4 | -10 | 1 | 1 | -6 | 2 | -13 | -2 | -29 | -6 | -15 | -0 | -20 | -3 |
| EPS in ₹ | 2.06 | 1.00 | 0.07 | 0.07 | -0.16 | 0.03 | 0.02 | -0.09 | 0.03 | -0.16 | -0.02 | -0.30 | -0.05 | -0.09 | -0.05 | -0.08 | -0.01 |
Dharan Infra-EPC
Dharan Infra-EPC
0.36
-0.01
(-2.70%)
Market Cap
₹188.24 Cr
PE Ratio
-6.29
Volume
2,01,85,312.00
Day High - Low
₹0.38 - ₹0.35
52W High-Low
₹2.51 - ₹0.34
Key Fundamentals
Market Cap
188.24 Cr
EPS
-0.11
PB Ratio
0.26
Book Value
1.69
EBITDA
-39.61
Dividend Yield
0.00 %
Industry
Realty ROE Growth %
-
Debt to Equity
0.11
Actual
Company News
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Dharan Infra-EPC Limited Reports Audited Financial Results with Qualified Opinion on FEMA Violations
2 days ago
2 days agoDharan Infra-EPC Limited (formerly KBC Global Limited) submitted revised audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, following Board approval on May 30, 2025. The company received a qualified audit opinion due to FEMA regulation violations related to improper end-use of funds raised through Foreign Currency Convertible Bonds and delays in RBI compliance filings.
Dharan Infra-EPC Limited Reports Net Loss of Rs 394 Crore with Qualified Audit OpinionNov 13, 2025
Dharan Infra-EPC Limited (formerly KBC Global Limited) reported a net loss of Rs 394.37 crore for the year ended March 31, 2025, compared to Rs 370.76 crore loss in the previous year. The company received a qualified audit opinion due to violations of Foreign Exchange Management Act (FEMA) regulations related to improper end-use of funds raised through Foreign Currency Convertible Bonds (FCCBs) worth USD 80.62 million. The auditors noted significant operational challenges including non-operational construction sites, delays in loan repayments, irregular payment of statutory dues including Income Tax and GST, and material uncertainty about the company's ability to continue as a going concern. The company has filed a compounding application with RBI for FEMA violations, which was returned and needs resubmission. Revenue from operations declined to Rs 179.92 crore from Rs 206.12 crore in the previous year.
Dharan Infra Solar Private Limited, a wholly-owned subsidiary of Dharan Infra-EPC Limited, has executed a supply agreement with Skymax Infrapower Limited for a solar power project worth ₹215 crore. The contract involves design, supply, and installation of plant equipment for a 75 MW (AC)/95.10 MWp (DC) grid-interactive, ground-mounted solar photovoltaic power project across nine sites in Nanded District, Maharashtra. The project will be executed in phases with completion expected within FY2025-26/FY2026-27. The agreement is considered a material contract in the ordinary course of business with direct impact on the company's consolidated financial and operational performance.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
723.60 | #1 1,79,113.80 | 42.79 | 8,995.90 | 29.28 | 2,695 | -14.56 | 36.64 | |
1,148.20 | 1,14,642.43 | 36.03 | #1 14,169.80 | 35.34 | #1 2,767 | 86.67 | 37.15 | |
1,677.30 | 72,246.38 | 87.65 | 7,735.50 | -17.93 | 617 | 94.97 | 46.60 | |
2,114.60 | 63,693.09 | 41.57 | 6,967.00 | 60.74 | 1,389 | 20.73 | 44.99 | |
1,736.80 | 62,106.45 | 43.68 | 3,964.50 | -3.54 | 1,302 | 31.45 | 55.77 | |
1,647.20 | 59,892.56 | #1 27.77 | 5,474.20 | 13.60 | 2,226 | 29.00 | 41.40 | |
895.10 | 21,883.68 | 27.78 | 5,313.50 | 4.92 | 681 | 47.96 | 36.91 | |
576.45 | 19,787.26 | 45.14 | 2,100.30 | 38.11 | 422 | 30.75 | 37.74 | |
1,537.30 | 16,437.47 | 112.08 | 4,162.80 | 29.36 | 95 | #1 177.78 | 45.55 | |
1,112.90 | 15,637.43 | 203.08 | 2,638.00 | #1 99.15 | 101 | -1,216.67 | 54.77 |
Growth Rate
Revenue Growth
-62.68 %
Net Income Growth
4.67 %
Cash Flow Change
141.89 %
ROE
957.89 %
ROCE
-397.67 %
EBITDA Margin (Avg.)
220.66 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 314 | 327 | 1,128 | 1,093 | 1,059 |
| Fixed Assets | 1 | 1 | 1 | 1 | 1 |
| Current Assets | 258 | 249 | 362 | 1,014 | 991 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 |
| Investments | 56 | 29 | 683 | 24 | 155 |
| Other Assets | 257 | 297 | 444 | 1,068 | 0 |
| Total Liabilities | 314 | 327 | 1,128 | 1,093 | 1,059 |
| Current Liabilities | 89 | 77 | 116 | 78 | 60 |
| Non Current Liabilities | 102 | 110 | 79 | 104 | 117 |
| Total Equity | 123 | 140 | 933 | 910 | 882 |
| Reserve & Surplus | 111 | 78 | 75 | 61 | 620 |
| Share Capital | 12 | 62 | 67 | 110 | 261 |
Cash Flow
| Cash Flow | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | 0 | 0 | 3 | 686 |
| Investing Activities | -2 | 37 | -654 | 665 |
| Operating Activities | 35 | -20 | -163 | 68 |
| Financing Activities | -32 | -17 | 821 | -47 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | May 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 62.72 % | 58.24 % | 47.53 % | 33.15 % | 25.93 % | 18.61 % | 12.76 % | 4.27 % | 3.27 % | 2.95 % | 3.27 % | 2.59 % | 2.26 % | 1.98 % | 1.98 % | 1.27 % | 0.83 % | 0.83 % | 0.83 % | 0.83 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 7.87 % | 2.73 % | 0.78 % | 0.00 % | 0.00 % | 0.19 % | 0.00 % | 0.75 % | 0.75 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.02 % | 0.02 % | 0.00 % | 0.02 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 19.16 % | 19.75 % | 25.52 % | 31.38 % | 36.61 % | 60.01 % | 79.83 % | 86.34 % | 81.35 % | 83.25 % | 84.14 % | 77.50 % | 78.37 % | 76.70 % | 85.13 % | 55.96 % | 38.27 % | 42.22 % | 51.91 % | 56.30 % |
| Others | 18.12 % | 22.01 % | 26.95 % | 35.46 % | 37.46 % | 21.38 % | 7.42 % | 9.37 % | 15.37 % | 13.80 % | 12.58 % | 12.03 % | 16.62 % | 20.53 % | 12.88 % | 42.76 % | 60.71 % | 56.95 % | 46.50 % | 42.12 % |
| No of Share Holders | 0 | 5,408 | 6,780 | 37,871 | 55,429 | 72,756 | 1,08,126 | 1,33,607 | 1,29,456 | 1,27,023 | 1,24,364 | 1,18,933 | 1,19,465 | 1,60,231 | 2,01,133 | 2,09,027 | 2,29,588 | 2,62,547 | 2,76,472 | 3,28,417 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 25 Feb 2021 |  Dividend | ₹ 0.05 /share | 24 Feb 2021 | 5.22 | 6.41 |
| 13 Aug 2021 | Dividend | ₹ 0.05 /share | 12 Aug 2021 | 8.99 | 10.60 |
| 13 Aug 2021 |  Bonus | 4:1 | 12 Aug 2021 | 10.20 | 10.60 |
| 30 Sept 2023 |  Annual General Meeting | NA | 30 Sept 2023 | 1.47 | 1.25 |
| 30 Sept 2024 | Annual General Meeting | NA | 30 Sept 2024 | 0.98 | 0.99 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 1.22 | 1.21 |
| 15 Nov 2024 |  Extraordinary General Meeting | NA | 15 Nov 2024 | 1.18 | 1.21 |
| 28 Dec 2024 | Quarterly Result Announcement | NA | 28 Dec 2024 | 0.95 | 0.95 |
| 15 Feb 2025 |  Change Of Name | NA | 15 Feb 2025 | 0.56 | 0.56 |
| 22 Mar 2025 | Extraordinary General Meeting | NA | 22 Mar 2025 | 0.60 | 0.53 |
| 27 Mar 2025 | Quarterly Result Announcement | NA | 27 Mar 2025 | 0.52 | 0.52 |
| 04 Apr 2025 | Bonus | 1:1 | 04 Apr 2025 | 0.56 | 0.52 |
| 30 May 2025 | Quarterly Result Announcement | NA | 30 May 2025 | 0.38 | 0.39 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 0.52 | 0.51 |
Announcements
Financial Results As On 31.03.20252 days ago
2 days agoResults-Delay in Financial ResultsNov 14, 2025
Nov 14, 2025Results-Delay in Financial ResultsNov 14, 2025
Nov 14, 2025Board Meeting Outcome for CANCELLATION OF BOARD MEETING AND REASON FOR DELAY IN SUBMISSION OF
FINANCIAL RESULTS FOR THE QUARTER ENDED ON JUNE 30 2025 AND HALF YEAR ENDED
SEPTEMBER 30 2025Nov 14, 2025
Nov 14, 2025Financial Results As On 31.03.2025Nov 13, 2025
Nov 13, 2025Board Meeting Intimation for Board Meeting IntimationNov 09, 2025
Nov 09, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015Nov 07, 2025
Nov 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Nov 07, 2025
Nov 07, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Execution Of Material Supply Agreement By Subsidiary CompanyOct 31, 2025
Oct 31, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 28, 2025
Oct 28, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)Sep 22, 2025
Sep 22, 2025Intimation Regarding Approval Of Extension Of Time By Registrar Of Companies For Holding The 18Th Annual General Meeting Under Section 96 Of The Companies Act 2013Sep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 08, 2025
Sep 08, 2025Execution Of One-Time Settlement Agreement With Canara BankSep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAug 31, 2025
Aug 31, 2025INCORPORATION OF A WHOLLY OWNED SUBSIDIARY COMPANY -
DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015 (SEBI LISTING REGULATIONS)Aug 27, 2025
Aug 27, 2025REASON FOR DELAY IN SUBMISSION OF FINANCIAL RESULTS FOR THE
QUARTER ENDED JUNE 30 2025Aug 11, 2025
Aug 11, 2025Additional Details As Per SEBI Circular On Appointment Of Managing DirectorAug 07, 2025
Aug 07, 2025Rumour verification - Regulation 30(11)Aug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 07, 2025
Aug 07, 2025Execution Of One-Time Settlement Agreement With Central Bank Of IndiaJul 28, 2025
Jul 28, 2025Disclosure under Regulation 30A of LODRJul 17, 2025
Jul 17, 2025Disclosure under Regulation 30A of LODRJul 17, 2025
Jul 17, 2025Disclosure under Regulation 30A of LODRJul 17, 2025
Jul 17, 2025Update On Announcement Made On July 112025Jul 15, 2025
Jul 15, 2025Board Meeting Outcome for Taking Note Of Waring LetterJul 11, 2025
Jul 11, 2025Disclosure under Regulation 30A of LODRJul 10, 2025
Jul 10, 2025Disclosure under Regulation 30A of LODRJul 10, 2025
Jul 10, 2025Closure of Trading WindowJul 01, 2025
Jul 01, 2025PROPOSED INCORPORATION OF A WHOLLY OWNED SUBSIDIARY COMPANY -DISCLOSURE UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015 (SEBI LISTING REGULATIONS)Jun 13, 2025
Jun 13, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 30, 2025
May 30, 2025Financial Results As On March 312025May 30, 2025
May 30, 2025INTIMATION UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS 2015 - RESIGNATION OF INTERNAL AUDITORMay 28, 2025
May 28, 2025Board Meeting Intimation for Intimation Of The Date Of Board Meeting Under Regulation 29 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation 2015 (Listing Regulation)May 24, 2025
May 24, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 30, 2025
Apr 30, 2025Disclosure Pursuant To Regulation 30 Of The Securities And Exchange Board Of India(Listing Obligations And Disclosure Requirements) Regulations 2015.Apr 28, 2025
Apr 28, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 15, 2025
Apr 15, 2025Closure of Trading WindowMar 31, 2025
Mar 31, 2025Intimation Of Record Date As Per Regulation 42 (2) Of The SEBI (LODR) 2015Mar 28, 2025
Mar 28, 2025Outcome Of Board MeetingMar 27, 2025
Mar 27, 2025Board Meeting Outcome for Outcome Of Board MeetingMar 27, 2025
Mar 27, 2025Intimation Of Withdrawal Of Record Date For Bonus Issue Of The CompanyMar 26, 2025
Mar 26, 2025Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMar 22, 2025
Mar 22, 2025Shareholder Meeting / Postal Ballot-Outcome of EGMMar 22, 2025
Mar 22, 2025Record Date For Bonus IssueMar 06, 2025
Mar 06, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 28, 2025
Feb 28, 2025Record Date For Bonus IssueFeb 27, 2025
Feb 27, 2025NOTICE OF EXTRA ORDINARY GENERAL MEETINGFeb 27, 2025
Feb 27, 2025Technical Indicators
RSI(14)
Neutral 27.73
ATR(14)
Volatile 0.03
STOCH(9,6)
Oversold 5.68
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -0.01
ADX(14)
Strong Trend 32.12
UO(9)
Bullish 29.18
ROC(12)
Downtrend And Accelerating -30.77
WillR(14)
Oversold -95.24
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