About Dhruva Capital
Dhruva Capital is a publicly listed company based in Udaipur (India) founded in 1995. Asset financing firm. Its Indian entity Dhruva Capital Services Limited reported revenue of ₹4.42 Cr. Its focus areas include Consumer and SME Loans and Diversified. Similar companies include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv; 1 of its 3 listed similar companies has raised funding.
Company details
Dhruva Capital was established in 1995 in Udaipur, India, as an asset financing firm within the financial services sector. Operations encompass financial and investment management, alongside strategic planning and the execution of business policies. Services are tailored to support asset-based funding needs for clients in the Indian market, with key leadership including a managing director and co-owner overseeing activities.
- Headquarters Udaipur, India
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website dhruvacapital.com
- Legal Name Dhruva Capital Services Limited
- Market Cap₹57.34 Cr
DHRUVCA · BSE
- Share Price₹79.45
-0.38% today
- Revenue₹4.42 Cr
FY 2025-26 · +84.9% YoY
- EBITDA₹3.24 Cr
Margin 73.3%
- Net Profit₹1.62 Cr
FY 2025-26 · +28.6% YoY
- ROE7.7%
ROCE 9.4%
- Debt / Equity0.43
Interest cover 34.3x
Associated legal entities of Dhruva Capital
Dhruva Capital operates through Dhruva Capital Services Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dhruva Capital Services Limited Listed CIN L67120RJ1994PLC008593 | Active | 22 Jul 1994 | Udaipur, Rajasthan | ₹4.4 Cr | 7 | View details |
Board of directors of Dhruva Capital Services Limited (Dhruva Capital)
Dhruva Capital Services Limited is the primary company behind Dhruva Capital. The board of Dhruva Capital Services Limited currently have 5 directors; the longest-serving is Shreeram Bagla, appointed in 2024. 22 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shreeram Bagla DIN 01895499 | Whole-time director | 10 Jul 2024 | 2 yrs 3 mo | Dhruva Capital Services Limited |
| Sridhar Bagla DIN 10414606 | Whole-time director | 10 Jul 2024 | 2 yrs 3 mo | Dhruva Capital Services Limited |
| Altab Uddin Kazi DIN 10435916 | Director | 10 Jul 2024 | 2 yrs 3 mo | Dhruva Capital Services Limited |
| Kiran Pandey DIN 10914601 | Additional Director | 09 Mar 2026 | 7 mo | Dhruva Capital Services Limited |
| Haider Ali DIN 09609149 | Additional Director | 27 Apr 2026 | 6 mo | Dhruva Capital Services Limited |
People of Dhruva Capital
2 people are tracked at Dhruva Capital (2 in leadership).
| Name | Role | Group |
|---|---|---|
Nakul Karnawat | Co-Owner | Leadership |
| Managing Director | Leadership |
Complete people profiles for Dhruva Capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Dhruva Capital
Dhruva Capital is a publicly listed company on the BSE with ticker symbol DHRUVCA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date20 Nov 1995
- Listed onBSE: 531237
- Listed entityDhruva Capital Services Limited
- Exchange sectorFinance
- ISININE972E01014
- Share price₹79.20 (+0.51% on the day) · 2026-10-14
- Volume (last session)26,375
Financials of Dhruva Capital
Exchange-reported figures of Dhruva Capital Services Limited, the listed company behind Dhruva Capital (BSE: DHRUVCA).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4.42 | 2.39 | 2.82 | 0.25 | 0.26 | 0.22 | 0.21 |
| Revenue growth | +84.9% | -15.3% | +1028.0% | -3.9% | +18.2% | +4.8% | - |
| EBITDA | 3.24 | 1.80 | 1.75 | 0.07 | 0.10 | 0.07 | 0.06 |
| EBITDA margin | +73.3% | +75.3% | +62.1% | +28.0% | +38.5% | +31.8% | +28.6% |
| Profit before tax | 1.84 | 1.70 | 4.44 | 0.06 | 0.10 | 0.04 | 0.03 |
| Net profit | 1.62 | 1.26 | 2.47 | 0.05 | 0.10 | 0.03 | 0.03 |
| Net profit margin | +36.7% | +52.7% | +87.6% | +20.0% | +38.5% | +13.6% | +14.3% |
| EPS (₹) | 2.25 | 3.10 | 10.48 | 0.17 | 0.29 | 0.10 | 0.09 |
| Balance sheet | |||||||
| Total assets | 43.57 | 16.27 | 12.16 | 4.74 | 4.68 | 4.58 | 4.55 |
| Net worth | 30.87 | 11.01 | 12.16 | 4.70 | 4.65 | 4.55 | 4.52 |
| Total debt | 12.70 | 5.25 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 |
| Cash & bank | 0.08 | 0.01 | 0.23 | 0.06 | 0.00 | 0.03 | 0.02 |
| Net working capital | (2.17) | (3.63) | 0.28 | (0.17) | (0.20) | (0.22) | (0.20) |
| Cash flow | |||||||
| Cash from operations | (10.44) | (6.01) | (6.66) | 0.04 | (0.06) | 0.00 | (0.01) |
| Cash from investing | (16.04) | (0.47) | 3.67 | 0.02 | 0.04 | 0.01 | 0.01 |
| Cash from financing | 26.55 | 6.25 | 3.17 | 0.00 | 0.00 | 0.00 | 0.01 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.80 | 0.86 | 0.67 | 0.78 | 0.79 | 0.49 | 0.62 | 0.57 |
| Revenue growth (YoY) | +1.3% | +75.5% | +8.1% | +36.8% | +71.7% | - | - | - |
| Other income | 0.00 | 0.00 | 1.39 | 0.00 | 0.02 | 0.00 | 0.00 | 0.25 |
| Total expenses | 0.24 | 1.50 | 0.33 | 1.40 | 1.24 | 2.42 | 0.51 | 0.08 |
| EBITDA | 0.56 | (0.64) | 0.34 | (0.62) | (0.45) | (1.93) | 0.11 | 0.49 |
| EBITDA margin | +70.0% | -74.4% | +50.7% | -79.5% | -57.0% | -393.9% | +17.7% | +86.0% |
| Depreciation | 0.13 | 0.15 | 0.09 | 0.09 | 0.09 | 0.02 | 0.00 | 0.00 |
| Interest | 0.39 | 0.33 | 0.17 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.04 | (1.12) | 1.47 | (0.86) | (0.52) | (1.95) | 0.11 | 0.74 |
| Tax | 0.01 | 0.22 | 0.00 | 0.00 | 0.01 | 0.15 | 0.03 | 0.17 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.80 | 0.86 | 0.67 | 0.78 | 0.79 | 0.49 | 0.62 | 0.57 |
| Revenue growth (YoY) | +1.3% | +75.5% | +8.1% | +36.8% | +71.7% | - | - | - |
| Other income | 0.00 | 0.00 | 1.39 | 0.00 | 0.02 | 0.00 | 0.00 | 0.25 |
| Total expenses | 0.24 | 1.50 | 0.33 | 1.40 | 1.24 | 2.42 | 0.51 | 0.08 |
| EBITDA | 0.56 | (0.64) | 0.34 | (0.62) | (0.45) | (1.93) | 0.11 | 0.49 |
| EBITDA margin | +70.0% | -74.4% | +50.7% | -79.5% | -57.0% | -393.9% | +17.7% | +86.0% |
| Depreciation | 0.13 | 0.15 | 0.09 | 0.09 | 0.09 | 0.02 | 0.00 | 0.00 |
| Interest | 0.39 | 0.33 | 0.17 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.04 | (1.12) | 1.47 | (0.86) | (0.52) | (1.95) | 0.11 | 0.74 |
| Tax | 0.01 | 0.22 | 0.00 | 0.00 | 0.01 | 0.15 | 0.03 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4.42 | 2.39 | 2.82 | 0.25 | 0.26 | 0.22 | 0.21 |
| Revenue growth | +84.9% | -15.3% | +1028.0% | -3.9% | +18.2% | +4.8% | - |
| Other income | 0.00 | 0.00 | 2.70 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total expenses | 1.18 | 0.59 | 1.07 | 0.18 | 0.16 | 0.15 | 0.15 |
| Employee cost | 0.40 | 0.35 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 |
| EBITDA | 3.24 | 1.80 | 1.75 | 0.07 | 0.10 | 0.07 | 0.06 |
| EBITDA margin | +73.3% | +75.3% | +62.1% | +28.0% | +38.5% | +31.8% | +28.6% |
| Depreciation | 0.44 | 0.03 | 0.01 | 0.01 | 0.00 | 0.03 | 0.04 |
| Interest | 0.96 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.84 | 1.70 | 4.44 | 0.06 | 0.10 | 0.04 | 0.03 |
| Tax | 0.22 | 0.44 | 0.18 | 0.01 | 0.00 | 0.01 | 0.00 |
| Net profit | 1.62 | 1.26 | 2.47 | 0.05 | 0.10 | 0.03 | 0.03 |
| Net profit margin | +36.7% | +52.7% | +87.6% | +20.0% | +38.5% | +13.6% | +14.3% |
| EPS (₹) | 2.25 | 3.10 | 10.48 | 0.17 | 0.29 | 0.10 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 7.19 | 4.06 | 4.06 | 3.26 | 3.26 | 3.26 | 3.26 |
| Reserves & surplus | 23.68 | 6.95 | 8.10 | 1.44 | 1.39 | 1.29 | 1.26 |
| Shareholders' funds (net worth) | 30.87 | 11.01 | 12.16 | 4.70 | 4.65 | 4.55 | 4.52 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 12.70 | 5.25 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total debt | 12.70 | 5.25 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total liabilities | 43.57 | 16.27 | 12.16 | 4.74 | 4.68 | 4.58 | 4.55 |
| Assets | |||||||
| Gross block | 1.59 | 0.54 | 0.00 | 2.44 | 2.44 | 2.29 | 2.29 |
| Net block | 1.14 | 0.53 | 0.00 | 1.91 | 1.91 | 1.92 | 1.94 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 15.00 | 0.00 | 0.05 | 0.67 | 0.67 | 0.67 | 0.67 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.08 | 0.01 | 0.23 | 0.06 | 0.00 | 0.03 | 0.02 |
| Loans & advances | 0.49 | 0.30 | 0.29 | 0.07 | 0.07 | 0.04 | 0.06 |
| Total current assets | 0.57 | 0.31 | 0.52 | 0.13 | 0.07 | 0.07 | 0.08 |
| Total current liabilities | 2.74 | 3.94 | 0.24 | 0.30 | 0.27 | 0.29 | 0.28 |
| Net working capital | (2.17) | (3.63) | 0.28 | (0.17) | (0.20) | (0.22) | (0.20) |
| Total assets | 43.57 | 16.27 | 12.16 | 4.74 | 4.68 | 4.58 | 4.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.01 | 0.23 | 0.06 | 0.00 | 0.03 | 0.02 | 0.01 |
| Net cash from operating activities | (10.44) | (6.01) | (6.66) | 0.04 | (0.06) | 0.00 | (0.01) |
| Net cash from investing activities | (16.04) | (0.47) | 3.67 | 0.02 | 0.04 | 0.01 | 0.01 |
| Net cash from financing activities | 26.55 | 6.25 | 3.17 | 0.00 | 0.00 | 0.00 | 0.01 |
| Net change in cash | 0.07 | (0.22) | 0.17 | 0.05 | (0.02) | 0.01 | 0.01 |
| Closing cash | 0.08 | 0.01 | 0.23 | 0.06 | 0.00 | 0.03 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +84.9% | -15.3% | +1028.0% | -3.9% | +18.2% | +4.8% | - |
| EBITDA growth | +80.0% | +2.9% | +2400.0% | -30.0% | +42.9% | +16.7% | - |
| PBT growth | +8.2% | -61.7% | +7300.0% | -40.0% | +150.0% | +33.3% | 0.0% |
| Net income growth | +28.6% | -49.0% | +4840.0% | -50.0% | +233.3% | 0.0% | - |
| Revenue CAGR (3Y) | +160.5% | +109.5% | +134.0% | +6.0% | +11.0% | -1.5% | -1.5% |
| EBITDA CAGR (3Y) | +259.1% | +162.1% | +192.4% | +5.3% | +35.7% | -4.4% | -5.0% |
| Profitability & leverage | |||||||
| Net income margin | +36.7% | +52.7% | +151.1% | +20.0% | +38.5% | +13.6% | +14.3% |
| Return on capital employed | +9.4% | +12.5% | +30.6% | +1.5% | +2.2% | +0.9% | +0.7% |
| Return on net worth | +7.7% | +10.9% | +29.3% | +1.3% | +2.2% | +0.7% | +0.7% |
| Debt / equity | 0.43 | 0.23 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Long-term debt / equity | 0.43 | 0.23 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest cover | 34.29 | 3.95 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.15 | 8.85 | 4.52 | 0.10 | 0.11 | 0.10 | 0.09 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 2.25 | 3.10 | 10.48 | 0.17 | 0.29 | 0.10 | 0.09 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 42.94 | 27.12 | 29.94 | 14.42 | 14.25 | 13.96 | 13.86 |
Similar companies to Dhruva Capital
Dhruva Capital has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| bajajfinserv.in | 2007 | Pune, India | 53,782 | Financial solutions including loans and insurance are offered. |
Detailed similar companies of Dhruva Capital
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Dhruva Capital (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Frequently Asked Questions about Dhruva Capital
Dhruva Capital was founded in 1995.
Dhruva Capital is headquartered in Udaipur, India. It is registered at Udaipur, Rajasthan, India.
The primary company behind Dhruva Capital, Dhruva Capital Services Limited, reported revenue of ₹4.42 Cr for FY 2026, up 85% year on year.
Dhruva Capital was established in 1995 in Udaipur, India, as an asset financing firm within the financial services sector. Operations encompass financial and investment management, alongside strategic planning and the execution of business policies. Services are tailored to support asset-based funding needs for clients in the Indian market, with key leadership including a managing director and co-owner overseeing activities.
Dhruva Capital's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Yes, Dhruva Capital is publicly traded on BSE under the ticker symbol DHRUVCA.
Dhruva Capital operates through Dhruva Capital Services Limited.
The legal entities of Dhruva Capital currently have 6 directors, including Shreeram Bagla, Sridhar Bagla, Altab Uddin Kazi and others.