Dhara Rail Projects logo

Dhara Rail Projects share price

NSE: DHARARAILCommercial Services & Supplies

Last close ₹125.00down ₹10.00 (7.41%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹135.00.

Range of traded prices from listing on 31 Dec 2025 to 23 Oct 2026
₹90.05Low, 30 Mar 2026₹172.50High, 10 Jun 2026
Market cap
₹189 Cr
P/E
12.2
P/B
2.6
Dividend yield
Nonesince listing in Dec 2025
ROE
21.0%
Debt to equity
0.18
Volume, NSE
6,00083.3% delivered

Share price

Daily closes since Dec 2025, adjusted for splits and bonuses

−20.6%since 31 Dec 2025 · Nifty SME EMERGE −2.7% · Nifty 500 −10.2%

20-session average 9,400 shares a day, 92.2% delivered
Issue price
₹126.00Listed 31 Dec 2025
Listing day open
₹150.00+19.1% on the issue price
Listing day close
₹157.50+25.0% on the issue price
Since the issue
−0.8%

Results

Consolidated; ₹ crore, the charts by years to March, the table by half year.Half-yearly results

Half year to Mar 2026, against the half year beforeFiled 25 May

Revenue
₹28 Crdown 0.00%
Net profit
₹8.38 Crup 18.60%
Net margin
29.5%

Revenue by year

Net profit by year, a loss in red

₹ croreSep 2025Filed 25 MayMar 2026Filed 25 May
Revenue28.428.4
Net profit7.18.4
Net margin24.9%29.5%
Consolidated. The 2 half years from Sep 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Single segment, which carries all its revenue.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters74.56%
  • Foreign institutions0.60%
  • Indian institutions8.48%
  • Individuals and others16.36%
Holder
TEJAS LALIT MEHTAPromoter36.79%
JAGRUTI TEJAS MEHTAPromoter28.20%
DHARA TEJAS MEHTAPromoter3.68%
MEGHA TEJAS MEHTAPromoter3.68%
MEDHA FAMILY OFFICE LLPPromoter2.20%
SANSHI FUND-IAlternative investment funds2.17%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

The filing reports 1,11,00,000 of its 1,50,84,000 shares locked in.

Peers and competitors

Diversified Commercial Services, 139 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Dhara Rail Projects in market cap. 1 company in the table last traded before then: its row is priced on its last trade.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
ITCONS E-Solutions logoITCONS E-SolutionsITCONS21440.73.5–+56.7%+61.8%10.8%–0.06%
Alankit logoAlankitALANKIT20910.5––+0.1%+13.3%6.5%2.1%0.00%
Integrated Personnel Services logoIntegrated Personnel ServicesIPSL20418.6––+26.7%+55.0%17.8%–0.10%
Aarvi Encon logoAarvi EnconAARVI1919.81.39.2+22.4%+66.4%14.5%12.1%1.55%
EMA Partners India logoEMA Partners IndiaEMAPARTNER18214.81.2–+18.2%−2.4%8.5%–0.00%
Eleganz Interiors logoEleganz InteriorsELGNZ1747.91.0–+1.9%+6.8%13.5%–0.00%
Clear Secured Services logoClear Secured ServicesCSSL1665.50.7–––13.5%–0.00%
Positron Energy logoPositron EnergyPOSITRON1608.01.6–+31.3%+12.7%22.6%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Share news and announcements

Dhara Rail Projects share price by year

Each calendar year to 2025.Dhara Rail Projects share price history

YearClose at year endChangeHighest closeLowest close
2025157.50–157.50157.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 31 Dec 2025.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026128.00134.95125.00125.00129.666,00083.3%
22 Oct 2026137.50137.50135.00135.00136.653,00066.7%
21 Oct 2026135.00136.00129.00135.20131.3511,00081.8%
16 Oct 2026135.00135.00135.00135.00135.001,000100.0%
15 Oct 2026126.10135.00125.60135.00130.4512,00091.7%
14 Oct 2026137.00137.00121.60125.60129.3011,00081.8%
13 Oct 2026134.00134.80132.00133.45133.959,00077.8%
8 Oct 2026141.10141.10141.10141.10141.102,000100.0%
6 Oct 2026137.00141.10133.95141.10137.8822,00081.8%
5 Oct 2026141.00147.95137.00141.15143.2522,00081.8%
Prices in ₹ per share as traded, not adjusted.

Company details

Legal name
Dhara Rail Projects Limited
NSE symbol
DHARARAIL
ISIN
INE2HJL01019
Industry
Commercial Services & Supplies
Listed
Dec 2025
Face value
₹10