Dhani Services Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price

 

Dhani Services Limited, a diversified company in India, offers a range of digital healthcare and financial services through its Dhani app. With a focus on personal and business loans, Dhani also operates an e-pharmacy for pharmaceutical products and provides monthly subscription plans for services such as doctor consultations, pharmacy benefits, and family health insurance. Additionally, Dhani facilitates prepaid card programs, remittance services, stock and commodity broking, real estate cross-selling, and stressed asset reconstruction. Formerly known as Indiabulls Ventures Limited, the company rebranded to Dhani Services Limited in 2020 and is headquartered in Mumbai, India.

 

Dhani Services Limited moves in 2024:

• In June 2024, Dhani Services reported consolidated net sales of Rs 107.37 crore, marking a 10.22% decline year-on-year. The standalone net sales dropped significantly by 74.35% to Rs 7.39 crore. The company recorded a quarterly net loss of Rs 7.93 crore, a 235.79% year-on-year decrease, with EBITDA declining by 79.31% to Rs 5.50 crore. These factors negatively impacted Dhani share price.

 

• In March 2024, Dhani's consolidated net sales saw a rise to Rs 117.56 crore, reflecting a 39.47% year-on-year increase, while standalone net sales declined by 72.03% to Rs 7.60 crore. This mixed financial performance influenced the Dhani share price trajectory during this period.

 

• For Q1 of 2024-2025, Dhani Services reported a 3.4% year-on-year increase in revenue, reaching Rs 128.92 crore, though revenue dropped 4.03% compared to the previous quarter, continuing to affect Dhani share price trends.

 

Evolution of the Dhani Services Limited: From Past to Present:

Past:

Dhani Services Ltd, originally known as Indiabulls Ventures Limited, was established in 1995 with a focus on stock and commodity broking, real estate financing, and asset reconstruction. The company played a key role in India's financial services sector during its early years. In October 2020, it rebranded as Dhani Services Ltd, signaling a shift from traditional financial offerings to digital solutions. With the launch of the Dhani app, the company expanded into consumer lending, healthcare, and fintech. This transformation aligned Dhani with India’s growing demand for digital services, although fluctuations in Dhani share price reflected the challenges of transitioning to a new business model.

 

Present: 

Today, Dhani Services Ltd has firmly positioned itself as a major player in India’s digital healthcare and fintech landscape. Its Dhani app provides a wide range of services, including personal loans, e-pharmacy, doctor consultations, and family health insurance. The company continues to diversify, offering subscription-based models and prepaid payment programs. Although there have been financial fluctuations, which have impacted Dhani share price, the company’s focus remains on enhancing its digital offerings to meet the growing demand for seamless mobile services in both healthcare and finance.

 

Timeline of Dhani Services Limited

 

 

Inside the Dhani Services Limited:  

Dhani Services Limited

Corporate actions: Dhani Services has scheduled its Annual General Meeting (AGM) for September 25, 2024. In a previous announcement, the company declared an interim dividend of Rs. 2.25 per share, equivalent to 112.5%, on March 12, 2020, with an ex-date of March 23, 2020. Investors should watch the Dhani share price for any potential impacts from these updates.

Main News: 

• Dhani Services has scheduled its Annual General Meeting (AGM) for September 25, 2024.

• Consolidated Net Loss: The company posted a consolidated net loss of Rs. 82.57 crore for the quarter ending June 2024, marking an improvement compared to the net loss of Rs. 94.79 crore registered during the equivalent quarter of the previous year.

• Sales Decline: Dhani Services saw a 10.23% decline in sales, reaching Rs. 107.37 crore for the quarter ending June 2024.

Dhani Loans & Services Limited

Main News: Dhani Loans & Services reported a remarkable increase in net profit, which surged by 100.20% to reach Rs 20.40 crore for the quarter ending June 2024, compared to Rs 10.19 crore in the equivalent quarter from the year before. However, sales experienced a slight decline of 0.18%, totaling Rs 67.49 crore in the quarter ended June 2024, down from Rs 67.61 crore during the corresponding quarter in June 2023.

Current Dhani Share Price NSE

 

Achievements and Milestones:

• December 2021: Indiabulls Ventures, now known as Dhani Services Ltd, was featured in the "India's 500 Most Valuable Companies" list by the Burgundy Private Hurun India 500 report.

• February 2020: The company was awarded the "Emerging Business of the Year 2020" title by the World Marketing Congress for its notable business growth.

• October 2019: Indiabulls Ventures won the award for "Best Mobile App in a Digital Company," recognizing its innovation in digital solutions.

• September 2019: The company was acknowledged for its innovative use of data to drive new business initiatives.

• August 2019: Indiabulls Ventures received the award for "Best Use of Social Media to Generate Leads," highlighting its effective marketing strategies.

Conclusion

In conclusion, Dhani Services Ltd has undergone significant transformations since its inception, evolving from traditional financial services to a comprehensive digital platform that caters to various healthcare and financial needs. Despite facing fluctuations in sales and profitability, the company remains committed to enhancing its offerings through the Dhani app, which has become pivotal in its strategy. Investors and stakeholders should keep a close eye on the Dhani share price, especially in light of upcoming developments such as the Annual General Meeting and ongoing financial updates. As Dhani navigates the challenges of the market, its focus on innovation and customer-centric services will be crucial for sustaining growth and improving its market position in the dynamic digital landscape.

 

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Frequently Asked Questions:

1. Is the current debt-to-equity ratio influencing the Dhani share price?

Yes, the debt-to-equity ratio for Dhani Services is 51.41%, which is significantly lower than the industry average of 153.01%. This healthier financial structure may positively influence the Dhani share price.

 

2. Where can I find the latest updates on Dhani share price?

Find real-time updates and the latest share price on Enrich Money's stock analysis page here.

 

3. Is the decrease in market share reflected in the Dhani share price?

Yes, the market share of Dhani Services has decreased from 5.83% to 0.76% over the past five years, indicating increased competition. This reduction could contribute to a decline in the Dhani share price.

 

4. What impact does the current ratio have on Dhani share price?

Dhani Services boasts a current ratio of 520.61%, well above the industry average of 129.8%. This strong liquidity can instill investor confidence and potentially bolster the Dhani share price.

 

5. How does revenue growth affect the Dhani share price?

Dhani Services has seen a revenue decline of -24.83% over the last five years, which contrasts with the industry average growth of 11.34%. This decline can negatively affect investor sentiment and the Dhani share price.

 

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