DHARNI (DHARNI) Fair Value & Analysis

IN · Market cap ₹1.3B

D DHARNI DHARNI · BSE

Price₹65.10

Fair Value₹21.29

Upside-67.3%

Quality51/100

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Evidence: Medium Range ₹14.90 – ₹27.67

Fair value as of: Jul 5, 2026

From 13 valuation models · updated today

Share price +0.2% over the past month.

Price vs Fair Value (12 months)

12‑month range ₹54.00 – ₹65.80 · fair‑value band ₹14.90 – ₹27.67 · the ₹65.10 price screens above the ₹21.29 fair value. As of Jul 5, 2026.

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Analysis

DHARNI (DHARNI) currently trades at ₹65.10, while our model-based Fair Value estimate is ₹21.29 — implying the stock looks roughly 67.3% overvalued today. We read business quality at 51/100 (solid quality). Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, DHARNI generated revenue of ₹125M at a net margin of 37.3%. Revenue grew 33.2% year over year. It earns a return on equity of 19.9%. Net debt stands at ₹37.4M. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹14.90 (bear case) to ₹27.67 (bull case); at ₹65.10, the current price sits above that range. The share trades about 1% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.

Key figures & financial health

Revenue (TTM) ₹125M

Revenue growth (YoY) +33.2%

Net margin 37.3%

Return on equity 19.9%

Free cash flow −₹23.4M FY2026

P/E ratio 46.5

More key figures

Operating margin 46.5%

EPS (TTM) ₹1.40

EPS growth (YoY) +17.3%

Net debt ₹37.4M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

DHARNI reported revenue of ₹55.6M in FY2026 versus ₹147M in FY2022, a compound −21.5%/yr. Reported net income was ₹28.6M in FY2026, compounding +31.2%/yr from FY2022.

Revenue −21.5%/yr

FY22 ₹147M

FY23 ₹47.0M

FY24 ₹82.0M

FY25 ₹60.1M

FY26 ₹55.6M

Net income +31.2%/yr

FY22 ₹9.7M

FY23 ₹11.9M

FY24 ₹31.1M

FY25 ₹32.2M

FY26 ₹28.6M

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₹21.29 −67%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/DHARNI" target="_blank" rel="noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">DHARNI · Fair Value</span><br><b style="font-size:20px">₹21.29</b> <span style="color:#e0816f;font-weight:700;font-size:14px">−67%</span></span><span style="font-size:11px;color:#7BB290;font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "DHARNI Fair Value". https://www.fairvalue-calculator.com/stock/DHARNI

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Frequently asked questions

Is DHARNI (DHARNI) undervalued?

As of Jul 5, 2026, our model estimates a fair value of ₹21.29 versus a price of ₹65.10 — about −67% (overvalued). Model-based estimate, not financial advice.

What is the fair value of DHARNI?

Our model-based fair value for DHARNI is ₹21.29 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹65.10.

What is the quality score of DHARNI?

DHARNI has a Quality Score of 51/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of DHARNI (DHARNI)?

DHARNI reported trailing-twelve-month revenue of about ₹125M (latest available figure, as of Jul 5, 2026).

What is the net profit margin of DHARNI?

The net profit margin of DHARNI is about 37.3%, meaning it keeps roughly 37.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.