MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0156610
Dhara Rail Projects Limited
Dhara Rail Projects Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Market Cap
₹204 Cr
DHARARAIL-SM · NSE
Share Price
₹135.00
-0.15% today
Revenue
₹56.74 Cr
FY 2025-26 · +27.6% YoY
EBITDA
₹19.92 Cr
Margin 35.1%
Net Profit
₹15.43 Cr
FY 2025-26 · +334.7% YoY
P/E (TTM)
13.2x
P/B 2.8x
ROE
35.7%
ROCE 35.3%
Debt / Equity
0.40
Interest cover 4.6x
About Dhara Rail Projects Limited
Data last updated:
Dhara Rail Projects Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 05 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH2010PLC201669. Its GSTIN is 27AADCD3961D1ZU (Maharashtra). It is a listed company as per MCA records. Its shares are listed on NSE: DHARARAIL.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.1 Cr. It is led by directors including Tejas Lalit Mehta (Managing Director) and Jagruti Tejas Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 196K – Galano.Ogirgaumgaiwadi Girgaum, Mumbai, Maharashtra, India – 400004.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹56.74 Cr, a growth of 27.6% compared to the previous year. For the same year it recorded a net profit of ₹15.43 Cr (net margin 27.2%) and EBITDA of ₹19.92 Cr (EBITDA margin 35.1%). The net worth stands at ₹73.64 Cr (up 470% YoY). Total assets are valued at ₹87.28 Cr (up 152.5% YoY).
The company has about 577 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹40 Lakh on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 2 cases are pending. The company has 1 deal on record (1 ipo); the latest was in December 2025. Its 10 peer companies in the same principal business activity (other support services to organizations) are compared by revenue, 5 larger and 5 smaller; the largest is Fci GBS India Private Limited with revenue of ₹34.13 Cr.
Dhara Rail Projects Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0156610). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74210MH2010PLC201669
Registration Number 201669
Incorporation Date 05 April 2010
ROC Mumbai
Listing Status Listed (NSE: DHARARAIL)
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0156610
CIN history
Dhara Rail Projects has one previous CIN (Corporate Identification Number): U74210MH2010PTC201669. The current CIN is U74210MH2010PLC201669, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210MH2010PLC201669 | Current |
| U74210MH2010PTC201669 | Previous |
Key People
Tejas Lalit Mehta Managing Director Jagruti Tejas Mehta Whole-Time Director Dhara Tejas Mehta Director Recognitions & Rankings of Dhara Rail Projects
Contact details
Dhara Rail Projects Limited's registered office is in Mumbai, Maharashtra.
- Registered Address196K – Galano.Ogirgaumgaiwadi Girgaum, Mumbai, Maharashtra, India – 400004
- IndustryInfrastructure and Utilities, Railway Infrastructure Development
Comprehensive company report
Dhara Rail Projects Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Dhara Rail Projects is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Dhara Rail Projects Limited, buy the company report.
Financials of Dhara Rail Projects Limited
FY 2025-26 filings availableDhara Rail Projects Limited reported revenue of ₹56.74 Cr (up 27.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹56.74 Cr
+27.6% YoY
EBITDA
₹19.92 Cr
+296.0% YoY
Profit After Tax
₹15.43 Cr
+334.6% YoY
Net Worth
₹73.64 Cr
+470.0% YoY
Total Assets
₹87.28 Cr
+152.5% YoY
Total Debt
₹13.15 Cr
-38.3% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 56.74 | 44.48 | 31.47 | 26.60 |
| Revenue growth | +27.6% | +41.3% | +18.3% | - |
| EBITDA | 19.92 | 5.03 | 1.33 | 0.75 |
| EBITDA margin | +35.1% | +11.3% | +4.2% | +2.8% |
| Profit before tax | 20.55 | 8.30 | 3.97 | 1.48 |
| Net profit | 15.43 | 3.55 | 1.76 | 0.85 |
| Net profit margin | +27.2% | +8.0% | +5.6% | +3.2% |
| EPS (₹) | 10.24 | 635.01 | 296.78 | 106.42 |
| Balance sheet | ||||
| Total assets | 87.28 | 34.56 | 34.77 | 26.50 |
| Net worth | 73.64 | 12.92 | 6.36 | 3.39 |
| Total debt | 13.15 | 21.33 | 28.16 | 22.74 |
| Cash & bank | 39.30 | 5.25 | 0.68 | 2.99 |
| Net working capital | 77.10 | 20.79 | 7.81 | 7.74 |
| Cash flow | ||||
| Cash from operations | (7.35) | (4.97) | (2.03) | (1.57) |
| Cash from investing | 5.17 | 16.58 | (5.62) | (2.41) |
| Cash from financing | 36.22 | (7.03) | 5.34 | 6.50 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 56.39 | 43.70 | 31.44 | 26.17 | 18.26 |
| Revenue growth | +29.0% | +39.0% | +20.1% | +43.3% | - |
| EBITDA | 19.88 | 5.03 | 1.24 | 0.83 | (2.00) |
| EBITDA margin | +35.3% | +11.5% | +3.9% | +3.2% | -11.0% |
| Profit before tax | 20.51 | 8.22 | 3.74 | 1.61 | 0.70 |
| Net profit | 15.42 | 3.50 | 1.59 | 0.93 | 0.36 |
| Net profit margin | +27.4% | +8.0% | +5.1% | +3.6% | +2.0% |
| EPS (₹) | 10.23 | 629.30 | 280.42 | 116.88 | 45.78 |
| Balance sheet | |||||
| Total assets | 85.09 | 33.22 | 33.71 | 26.26 | 18.58 |
| Net worth | 73.49 | 12.61 | 6.32 | 3.52 | 2.35 |
| Total debt | 11.11 | 20.30 | 27.38 | 22.74 | 16.23 |
| Cash & bank | 39.29 | 5.02 | 0.68 | 6.19 | 6.13 |
| Net working capital | 75.37 | 20.06 | 7.23 | 9.88 | 8.91 |
| Cash flow | |||||
| Cash from operations | (6.09) | (5.12) | (0.47) | 0.56 | (5.60) |
| Cash from investing | 5.15 | 16.74 | (5.65) | (0.26) | (3.85) |
| Cash from financing | 35.21 | (7.28) | 4.58 | 0.00 | 8.43 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 56.74 | 44.48 | 31.47 | 26.60 |
| Revenue growth | +27.6% | +41.3% | +18.3% | - |
| Other income | 1.59 | 3.51 | 2.76 | 0.79 |
| Total expenses | 36.82 | 39.45 | 30.14 | 25.85 |
| Employee cost | 20.50 | 11.29 | 10.89 | 9.13 |
| EBITDA | 19.92 | 5.03 | 1.33 | 0.75 |
| EBITDA margin | +35.1% | +11.3% | +4.2% | +2.8% |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 |
| Interest | 0.92 | 0.20 | 0.08 | 0.02 |
| Profit before tax | 20.55 | 8.30 | 3.97 | 1.48 |
| Tax | 5.12 | 1.96 | 1.00 | 0.41 |
| Net profit | 15.43 | 3.55 | 1.76 | 0.85 |
| Net profit margin | +27.2% | +8.0% | +5.6% | +3.2% |
| EPS (₹) | 10.24 | 635.01 | 296.78 | 106.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 15.08 | 0.10 | 0.10 | 0.10 |
| Reserves & surplus | 58.56 | 12.82 | 6.26 | 3.29 |
| Shareholders' funds (net worth) | 73.64 | 12.92 | 6.36 | 3.39 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 10.30 | 16.30 | 27.38 | 22.74 |
| Unsecured loans | 2.85 | 5.03 | 0.78 | 0.00 |
| Total debt | 13.15 | 21.33 | 28.16 | 22.74 |
| Total liabilities | 87.28 | 34.56 | 34.77 | 26.50 |
| Assets | ||||
| Gross block | 0.45 | 0.41 | 0.39 | 0.36 |
| Net block | 0.09 | 0.10 | 0.11 | 0.12 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.31 | 0.26 | 14.48 | 14.13 |
| Inventories | 8.96 | 2.13 | 9.12 | 1.04 |
| Sundry debtors | 27.18 | 20.98 | 5.87 | 4.75 |
| Cash & bank balances | 39.30 | 5.25 | 0.68 | 2.99 |
| Loans & advances | 13.58 | 4.11 | 4.66 | 6.43 |
| Total current assets | 89.02 | 32.47 | 20.33 | 15.21 |
| Total current liabilities | 11.92 | 11.68 | 12.52 | 7.47 |
| Net working capital | 77.10 | 20.79 | 7.81 | 7.74 |
| Total assets | 87.28 | 34.56 | 34.77 | 26.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 5.25 | 0.68 | 2.99 | 0.48 |
| Net cash from operating activities | (7.35) | (4.97) | (2.03) | (1.57) |
| Net cash from investing activities | 5.17 | 16.58 | (5.62) | (2.41) |
| Net cash from financing activities | 36.22 | (7.03) | 5.34 | 6.50 |
| Net change in cash | 34.04 | 4.57 | (2.31) | 2.52 |
| Closing cash | 39.30 | 5.25 | 0.68 | 2.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +27.6% | +41.3% | +18.3% | - |
| EBITDA growth | +296.0% | +278.2% | +77.3% | - |
| PBT growth | +147.6% | +109.1% | +168.2% | +9997.0% |
| Net income growth | +334.7% | +101.7% | +107.1% | - |
| Revenue CAGR (3Y) | +28.7% | - | - | - |
| EBITDA CAGR (3Y) | +198.4% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +27.2% | +14.3% | +9.4% | +4.0% |
| Return on capital employed | +35.3% | +18.1% | +7.9% | +4.4% |
| Return on net worth | +35.7% | +36.9% | +36.1% | +24.8% |
| Debt / equity | 0.40 | 2.57 | 5.22 | 6.71 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 4.63 | 4.01 | 6.20 | 2.82 |
| Efficiency & per share | ||||
| Fixed asset turnover | 131.95 | 111.20 | 83.92 | 73.89 |
| Inventory turnover | 10.23 | 7.91 | 6.19 | 25.58 |
| Debtors turnover | 2.36 | 3.31 | 5.93 | 5.60 |
| EPS (₹) | 10.24 | 635.01 | 296.78 | 106.42 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 48.82 | 1,291.99 | 635.77 | 338.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 56.39 | 43.70 | 31.44 | 26.17 | 18.26 |
| Revenue growth | +29.0% | +39.0% | +20.1% | +43.3% | - |
| Other income | 1.59 | 3.43 | 2.60 | 0.84 | 2.78 |
| Total expenses | 36.51 | 38.67 | 30.20 | 25.34 | 20.26 |
| Employee cost | 19.88 | 11.23 | 10.89 | 8.80 | 4.27 |
| EBITDA | 19.88 | 5.03 | 1.24 | 0.83 | (2.00) |
| EBITDA margin | +35.3% | +11.5% | +3.9% | +3.2% | -11.0% |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 |
| Interest | 0.92 | 0.20 | 0.06 | 0.02 | 0.02 |
| Profit before tax | 20.51 | 8.22 | 3.74 | 1.61 | 0.70 |
| Tax | 5.09 | 1.93 | 0.93 | 0.45 | 0.23 |
| Net profit | 15.42 | 3.50 | 1.59 | 0.93 | 0.36 |
| Net profit margin | +27.4% | +8.0% | +5.1% | +3.6% | +2.0% |
| EPS (₹) | 10.23 | 629.30 | 280.42 | 116.88 | 45.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 15.08 | 0.10 | 0.10 | 0.10 | 0.10 |
| Reserves & surplus | 58.41 | 12.51 | 6.22 | 3.42 | 2.25 |
| Shareholders' funds (net worth) | 73.49 | 12.61 | 6.32 | 3.52 | 2.35 |
| Secured loans | 10.30 | 16.30 | 27.38 | 0.00 | 0.00 |
| Unsecured loans | 0.81 | 4.00 | 0.00 | 22.74 | 16.23 |
| Total debt | 11.11 | 20.30 | 27.38 | 22.74 | 16.23 |
| Total liabilities | 85.09 | 33.22 | 33.71 | 26.26 | 18.58 |
| Assets | |||||
| Gross block | 0.45 | 0.41 | 0.39 | 0.36 | 0.36 |
| Net block | 0.09 | 0.10 | 0.11 | 0.12 | 0.17 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.31 | 0.26 | 14.48 | 14.13 | 9.45 |
| Inventories | 8.04 | 2.10 | 9.12 | 1.02 | 0.15 |
| Sundry debtors | 26.46 | 20.45 | 5.88 | 4.75 | 4.72 |
| Cash & bank balances | 39.29 | 5.02 | 0.68 | 6.19 | 6.13 |
| Loans & advances | 13.11 | 3.23 | 4.09 | 5.67 | 5.73 |
| Total current assets | 86.90 | 30.80 | 19.77 | 17.63 | 16.73 |
| Total current liabilities | 11.53 | 10.74 | 12.54 | 7.75 | 7.82 |
| Net working capital | 75.37 | 20.06 | 7.23 | 9.88 | 8.91 |
| Total assets | 85.09 | 33.22 | 33.71 | 26.26 | 18.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 5.02 | 0.68 | 2.22 | 5.89 | 7.15 |
| Net cash from operating activities | (6.09) | (5.12) | (0.47) | 0.56 | (5.60) |
| Net cash from investing activities | 5.15 | 16.74 | (5.65) | (0.26) | (3.85) |
| Net cash from financing activities | 35.21 | (7.28) | 4.58 | 0.00 | 8.43 |
| Net change in cash | 34.28 | 4.34 | (1.54) | 0.30 | (1.02) |
| Closing cash | 39.29 | 5.02 | 0.68 | 6.19 | 6.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +29.0% | +39.0% | +20.1% | +43.3% | - |
| EBITDA growth | +295.2% | +305.7% | +49.4% | +141.5% | - |
| PBT growth | +149.5% | +119.8% | +132.3% | +130.0% | +9997.0% |
| Net income growth | +340.6% | +120.1% | +71.0% | +158.3% | - |
| Revenue CAGR (3Y) | +29.2% | +33.8% | - | - | - |
| EBITDA CAGR (3Y) | +188.3% | - | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +27.4% | +14.4% | +8.9% | +4.4% | +2.6% |
| Return on capital employed | +36.2% | +18.5% | +7.2% | +5.8% | +3.0% |
| Return on net worth | +35.8% | +37.0% | +32.1% | +32.0% | +14.9% |
| Debt / equity | 0.36 | 2.52 | 5.09 | 6.64 | 6.91 |
| Long-term debt / equity | 0.00 | 0.00 | 2.31 | 6.64 | 6.91 |
| Interest cover | 4.64 | 4.01 | 5.00 | 2.53 | -0.97 |
| Efficiency & per share | |||||
| Fixed asset turnover | 131.14 | 109.25 | 83.84 | 72.69 | 50.72 |
| Inventory turnover | 11.12 | 7.79 | 6.20 | 44.74 | 121.73 |
| Debtors turnover | 2.40 | 3.32 | 5.92 | 5.53 | 3.87 |
| EPS (₹) | 10.23 | 629.30 | 280.42 | 116.88 | 45.78 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 48.72 | 1,261.42 | 632.12 | 351.70 | 234.82 |
To see the full year-wise statements and ratios of Dhara Rail Projects Limited, buy the company report.
Board of directors of Dhara Rail Projects Limited
Dhara Rail Projects has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhara Tejas Mehta Also directs: Medha Family Office LLP | Director | 12 Sep 2025 | 1 Years 1 Months | Current |
| Jagruti Tejas Mehta Also directs: Medha Family Office LLP, Dheera Engineering Services LLP | Whole-Time Director | 05 Apr 2010 | 16 Years 6 Months | Current |
| Tejas Lalit Mehta Also directs: Medha Family Office LLP | Managing Director | 05 Apr 2010 | 16 Years 6 Months | Current |
| Sachin Mahendra Sheth | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
| Charmi Monil Shah | Director | 12 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Dhara Rail Projects Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhara Rail Projects Limitedthis company | ₹56.74 Cr (FY 2026) | ₹15.43 Cr | 27.2% | 27.6% | Mumbai, Maharashtra, India | |
| Fci GBS India Private Limited | ₹34.13 Cr (FY 2025) | 30.0% | Kochi, Kerala, India | |||
| Axis Integrated Systems Private Limited | ₹34.1 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Sync HR Private Limited | ₹34.07 Cr (FY 2025) | 142.0% | Gurugram, Haryana, India | |||
| Macron Logi Services Private Limited | ₹34.06 Cr (FY 2024) | 96.0% | Thane, Maharashtra, India | |||
| Samishti Infotech Private Limited | ₹34.04 Cr (FY 2025) | 95.0% | Delhi, India | |||
| Maganti Electro-Mechanical Projects Private Limited | ₹34.02 Cr (FY 2024) | 38.0% | Hyderabad, Telangana, India | |||
| Meadwestvaco India Private Limited | ₹34.01 Cr (FY 2016) | 14.0% | Mumbai, Maharashtra, India | |||
| Hettich Competence Services Private Limited | ₹33.99 Cr (FY 2025) | 10.0% | Navi Mumbai, Maharashtra, India | |||
| Guerbet India Private Limited | ₹33.96 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Book Cheap Fare Flights Private Limited | ₹33.84 Cr (FY 2024) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Dhara Rail Projects Limited, buy the company report.
Charges & borrowings
Open charges
₹7.5 Cr
Satisfied charges
₹40 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2025 | 101080478 | Canara Bank | ₹7.5 Cr | Open | |
| 28 Dec 2012 | 10398379 | Syndicate Bank | ₹40 Lakh | Satisfied |
To see the full charge records of Dhara Rail Projects Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Dhara Rail Projects Limited has 1 deal on record (1 ipo); the latest was in December 2025.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | IPO | ₹50.2 Cr | Investors: Sanshi Fund, Jalan Chemical Industries Pvt Ltd , Rajasthan Global Securities Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dhara Rail Projects Limited has 9 court cases on record: 8 filed by Dhara Rail Projects, 1 filed against it. 2 cases are pending and 7 are disposed.
Total cases
9
Filed by the company
8
Filed against the company
1
Pending
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 2 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Union of India | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Union of India Through the General Manager and Anr and 1 other | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Union of India | Disposed |
| District court, New Delhi, Delhi | Court case (OMP (MISC.) (COMM.)) | Filed by the company against Union of India | Disposed |
To see the full case history of Dhara Rail Projects Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhara Rail Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dhara Rail Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCD3961D1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhara Rail Projects Limited, buy the company report.
Recent activity
Dhara Rail Projects Limited has 12 board changes on record since 2010: 5 appointments and 7 cessations. The latest: Charmi Monil Shah was appointed as Director on 12 Sep 2025.
Filing
Dhara Rail Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai.
AGM
Dhara Rail Projects Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Appointed
Charmi Monil Shah was appointed as Director.
Appointed
Dhara Tejas Mehta was appointed as Director.
Ceased
Sachin Mahendra Sheth ceased to be Additional Director.
Charges
A charge registered on 28 Dec 2012 via Charge ID 10398379 with Syndicate Bank was fully satisfied on 09 Sep 2025.
Ceased
Jagruti Tejas Mehta ceased to be Director.
Ceased
Tejas Lalit Mehta ceased to be Director.
Appointed
Sachin Mahendra Sheth was appointed as Director.
Ceased
Megha Tejas Mehta ceased to be Additional Director.
Charges
A charge with Canara Bank amounted to Rs. 7.50 Cr with Charge ID 101080478 was registered on 25 Mar 2025.
Ceased
Lalit Rashiklal Mehta ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Dhara Rail Projects is an active public limited company based in Mumbai, Maharashtra, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 05 April 2010 (16+ years old) and is registered under CIN U74210MH2010PLC201669. Listed on NSE: DHARARAIL.
Dhara Rail Projects reported revenue of ₹56.74 Cr for FY 2025-26 (up 27.6% YoY) based on consolidated financials.
Dhara Rail Projects has 5 current directors:
- Tejas Lalit Mehta - Managing Director
- Jagruti Tejas Mehta - Whole-Time Director
- Dhara Tejas Mehta - Director
- Sachin Mahendra Sheth - Director
- Charmi Monil Shah - Director
The latest financial statements of Dhara Rail Projects on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dhara Rail Projects is 27AADCD3961D1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dhara Rail Projects is U74210MH2010PLC201669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dhara Rail Projects is a listed company as per MCA records. Its shares are listed on NSE (symbol: DHARARAIL).
Dhara Rail Projects has 9 court cases on record: 8 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Dhara Rail Projects was incorporated on 05 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Dhara Rail Projects has 1 deal on record (1 ipo); the latest was in December 2025.
The peers of Dhara Rail Projects by revenue are Fci GBS India Private Limited, Axis Integrated Systems Private Limited, Sync HR Private Limited, Macron Logi Services Private Limited, Samishti Infotech Private Limited and 5 more, all in the same principal business activity (other support services to organizations).