About Dharan Infra-Epc Limited
Data last updated: 01 January 2026
Dharan Infra-Epc Limited is a public limited company based in Nashik, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 17 September 2007, the company has been in operation for over 19 years.
Registered with ROC Mumbai under CIN L45400MH2007PLC174194. Listed on BSE: 541161 and NSE: KARDA.
Capital: an authorised share capital of ₹700 Cr and a paid-up capital of ₹261.44 Cr. Formerly known as Karda Constructions Private Limited and Karda Constructions Limited. It is led by directors including Devesh Naresh Karda and Sandeep Ravindra Shah.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 2Nd Floor Gulmohar Status Above Business Bank Samarth Nagar, Nashik, Maharashtra, India – 422005.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.16 Cr, a decline of 60% compared to the previous year.
The company has a workforce of approximately 34 employees as per the latest available data.
The company is associated with 1 brand - Karda Construction. As per MCA filings, the company has open charges of ₹184.75 Cr and satisfied charges of ₹512.6 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is kardaconstruction.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address2Nd Floor Gulmohar Status Above Business Bank Samarth Nagar, Nashik, Maharashtra, India – 422005
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has undergone 4 name changes throughout its history. The current legal name is Dharan Infra-Epc Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Dharan Infra-Epc Limited | Current |
| Karda Constructions Private Limited | Previous |
| Karda Constructions Limited | Previous |
| Kbc Global Limited | Previous |
CIN History of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45400MH2007PLC174194, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45400MH2007PLC174194 | Current |
| U45400MH2007PTC174194 | Previous |
| U45400MH2007PLC174194 | Previous |
Associated Brands with Dharan Infra-Epc Limited
Dharan Infra-Epc Limited operates one associated brand: Karda Construction. These brands represent Dharan Infra-Epc Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Real estate and infrastructure projects are developed by the company. | kardaconstruction.com |
Competitors & Alternatives of Dharan Infra-Epc Limited
Brands and companies operating in the same space as Dharan Infra-Epc Limited include Godrej Properties, Vingroup, Lendlease and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Godrej Properties
|
Residential and commercial properties are developed by Godrej Properties. | Mumbai, India, India | 1990 |
Vingroup
|
Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam, Vietnam | 1993 |
Lendlease
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Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia, Australia | 1958 |
Frasers Property
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Residential and commercial properties are developed and managed across regions. | Singapore, Singapore, Singapore | 1924 |
Sunac
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Residential and commercial real estate development is conducted by Sunac. | Shanghai, China, China | 2003 |
Lodha Group
|
Developer of residential and commercial real estate properties | Mumbai, India, India | 1980 |
Vanke
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Real estate properties are developed in over 50 cities. | Shenzhen, China, China | 1984 |
Eiffage
|
Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France, France | 1920 |
City Developments
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Real estate development and management services are provided globally. | Singapore, Singapore, Singapore | 1963 |
Business Activity of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited is engaged in the principal business activity of construction, with detailed activities including buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | ********* |
Auditor Details of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited is audited by Sharp Arth & Co LLP (ICAI peer reviewed, certificate valid till 2028-03-31) for the financial year 2025, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| Sharp Arth & Co LLP (ICAI peer reviewed, certificate valid till 2028-03-31) | FY 2025 | Statement on impact of audit qualification |
Board of Directors of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited is currently managed by 8 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Devesh Naresh Karda
Also directs:
Dharan Infra Solar Private Limited, Karda Buildcon Private Limited, Gnosis Academy Llp and 1 more
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Director | 11 Oct 2021 | 4 Years 8 Months | As last reported |
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Sandeep Ravindra Shah
Also directs:
Bajaj Healthcare Limited, Ruchi Gas And Infratech Limited, Krishnaping Alloys Limited and 1 more
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Director | 16 Feb 2018 | 8 Years 4 Months | As last reported |
| Muthusubramanian Hariharan | Additional Director | 09 Jul 2024 | 2 Years 0 Months | As last reported |
| Prachi Aditya Sakpal | Additional Director | 13 Jul 2024 | 1 Years 11 Months | As last reported |
| Naresh Jagumal Karda | Managing Director | 17 Sep 2007 | 18 Years 9 Months | As last reported |
| Reshma Susan Thomas | Additional Director | 02 Sep 2024 | 1 Years 10 Months | As last reported |
Financials of Dharan Infra-Epc Limited FY 2025 filings available
Dharan Infra-Epc Limited reported revenue of ₹17.99 Cr (down 12.71% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Revenue from Operations | ₹17.99 Cr | ₹20.61 Cr | ₹108.19 Cr | ₹101.65 Cr |
| Other Income | ₹5 Cr | ₹27.55 Cr | ₹11.51 Cr | ₹9.67 Cr |
| Total Income | ₹22.99 Cr | ₹48.16 Cr | ₹119.7 Cr | ₹111.32 Cr |
| Cost of Materials Consumed | ₹11.42 Cr | ₹12.84 Cr | ₹82.93 Cr | ₹57.59 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹5.83 Cr |
| Employee Benefit Expense | ₹2.22 Cr | ₹2.36 Cr | ₹2.77 Cr | ₹2.65 Cr |
| Finance Costs | ₹3.59 Cr | ₹10.56 Cr | ₹12.24 Cr | ₹14.3 Cr |
| Depreciation & Amortisation | ₹10.89 Lakh | ₹12.59 Lakh | ₹13.15 Lakh | ₹12.45 Lakh |
| Other Expenses | ₹43.95 Cr | ₹58.83 Cr | ₹23.19 Cr | ₹6.89 Cr |
| Total Expenses | ₹61.3 Cr | ₹84.72 Cr | ₹121.26 Cr | ₹87.39 Cr |
| Profit Before Exceptional Items & Tax | -₹38.31 Cr | -₹36.56 Cr | -₹1.57 Cr | ₹23.93 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹38.31 Cr | -₹36.56 Cr | -₹1.57 Cr | ₹23.93 Cr |
| Total Tax Expense | ₹2.79 Lakh | ₹1.33 Lakh | ₹2.12 Lakh | ₹6.67 Cr |
| Net Profit | -₹38.34 Cr | -₹36.57 Cr | -₹1.59 Cr | ₹17.25 Cr |
| attributable to Owners | - | ₹0 | ₹0 | ₹0 |
| attributable to NCI | - | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | ₹9.91 Cr | ₹56.97 Lakh | -₹8.1 Lakh | -₹8.1 Lakh |
| Total Comprehensive Income | -₹28.43 Cr | -₹36.01 Cr | -₹1.67 Cr | ₹17.17 Cr |
| EBITDA (computed) | -₹34.61 Cr | -₹25.88 Cr | ₹10.8 Cr | ₹38.35 Cr |
| Basic EPS | ₹-0.11 | ₹-0.33 | ₹-0.20 | ₹2.79 |
| Diluted EPS | ₹-0.11 | ₹-0.33 | ₹-0.20 | ₹2.79 |
| Metrics | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Assets | ₹1,058.7 Cr | ₹1,092.62 Cr | ₹1,733.23 Cr |
| Non-current Assets | ₹68.19 Cr | ₹79.02 Cr | ₹1,366.33 Cr |
| Current Assets | ₹990.51 Cr | ₹1,013.6 Cr | ₹366.9 Cr |
| Property, Plant & Equipment | ₹67.47 Lakh | ₹76.51 Lakh | ₹85.66 Lakh |
| Inventories | ₹154.6 Cr | ₹144.56 Cr | ₹128.73 Cr |
| Trade Receivables | ₹81.05 Cr | ₹83.95 Cr | ₹85.82 Cr |
| Cash & Equivalents | ₹700.79 Cr | ₹689.3 Cr | ₹1.86 Cr |
| Equity (Net Worth) | ₹881.48 Cr | ₹909.92 Cr | ₹158.86 Cr |
| Equity Share Capital | ₹261.44 Cr | ₹109.7 Cr | ₹82.41 Cr |
| Borrowings (Non-current) | ₹41.51 Cr | ₹33.17 Cr | ₹821.57 Cr |
| Borrowings (Current) | ₹22.37 Cr | ₹42.7 Cr | ₹682.6 Cr |
| Total Debt (computed) | ₹63.89 Cr | ₹75.86 Cr | ₹1,504.17 Cr |
| Current Liabilities | ₹59.99 Cr | ₹78.31 Cr | ₹719.04 Cr |
| Total Liabilities | ₹177.21 Cr | ₹182.7 Cr | ₹1,574.37 Cr |
| Metrics | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | ₹16.7 Cr | ₹71.88 Cr | -₹166.23 Cr | -₹19.74 Cr |
| Investing Cash Flow | ₹10.45 Cr | ₹664.47 Cr | -₹1,254.18 Cr | ₹37.13 Cr |
| Financing Cash Flow | -₹15.66 Cr | -₹50.51 Cr | ₹1,423.38 Cr | -₹17.26 Cr |
| Capital Expenditure | ₹1.85 Lakh | ₹3.44 Lakh | ₹4.1 Lakh | ₹5.92 Lakh |
| Free Cash Flow (computed) | ₹16.68 Cr | ₹71.84 Cr | -₹166.27 Cr | -₹19.8 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹27.03 Lakh |
| Net Change in Cash | ₹11.49 Cr | ₹685.84 Cr | ₹2.97 Cr | ₹12.73 Lakh |
| Metrics | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.5 Cr | ₹11.28 Lakh | ₹1.37 Cr | ₹1.09 Cr | ₹6.2 Cr | ₹9.33 Cr | ₹12.55 Cr | ₹12.58 Cr | -₹4.52 Cr | ₹9.71 Cr | ₹62.5 Cr | ₹17.73 Cr |
| Other Income | ₹1.66 Lakh | ₹97.1 Lakh | ₹1.07 Cr | ₹1.02 Cr | ₹1.74 Cr | ₹1.16 Cr | ₹2.59 Cr | ₹10.61 Cr | ₹14.36 Cr | ₹1.52 Cr | ₹11.11 Cr | ₹1.84 Cr |
| Total Income | ₹3.51 Cr | ₹1.08 Cr | ₹2.45 Cr | ₹2.11 Cr | ₹7.94 Cr | ₹10.5 Cr | ₹15.13 Cr | ₹23.19 Cr | ₹9.84 Cr | ₹11.23 Cr | ₹73.61 Cr | ₹19.57 Cr |
| Cost of Materials Consumed | -₹1.08 Cr | ₹1.68 Cr | -₹5.88 Cr | ₹11.51 Cr | -₹2.18 Cr | ₹7.97 Cr | ₹6.3 Cr | ₹9.79 Cr | -₹3.24 Cr | ₹6.94 Cr | ₹54.27 Cr | ₹7.55 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.97 Cr |
| Employee Benefit Expense | ₹85.74 Lakh | ₹16.47 Lakh | ₹53.62 Lakh | ₹55.26 Lakh | ₹63.79 Lakh | ₹49.8 Lakh | ₹53.65 Lakh | ₹1.27 Cr | ₹55.8 Lakh | ₹61.38 Lakh | ₹61.95 Lakh | ₹86.13 Lakh |
| Finance Costs | ₹2.69 Cr | ₹82.5 Lakh | ₹2.04 Cr | -₹3.13 Cr | ₹1.91 Cr | ₹2.76 Cr | ₹1.27 Cr | ₹6.48 Cr | ₹2.81 Cr | ₹3.19 Cr | ₹2.89 Cr | ₹3.37 Cr |
| Depreciation & Amortisation | ₹2.05 Lakh | ₹2.22 Lakh | ₹2.41 Lakh | ₹2.63 Lakh | ₹2.94 Lakh | ₹2.91 Lakh | ₹2.96 Lakh | ₹6.4 Lakh | ₹3.23 Lakh | ₹3.2 Lakh | ₹3.16 Lakh | ₹3.31 Lakh |
| Other Expenses | ₹5.21 Cr | ₹6.75 Cr | ₹8.19 Cr | ₹13.17 Cr | ₹7.96 Cr | ₹14.64 Cr | ₹12.53 Cr | ₹34.64 Cr | ₹11.66 Cr | ₹13.87 Cr | ₹11.78 Cr | ₹9.8 Cr |
| Total Expenses | ₹7.7 Cr | ₹9.44 Cr | ₹4.91 Cr | ₹22.13 Cr | ₹8.36 Cr | ₹25.9 Cr | ₹20.66 Cr | ₹52.24 Cr | ₹11.82 Cr | ₹24.64 Cr | ₹69.58 Cr | ₹25.59 Cr |
| Profit Before Exceptional Items & Tax | -₹4.19 Cr | -₹8.35 Cr | -₹2.46 Cr | -₹20.02 Cr | -₹42.37 Lakh | -₹15.41 Cr | -₹5.53 Cr | -₹29.05 Cr | -₹1.98 Cr | -₹13.41 Cr | ₹4.03 Cr | -₹6.02 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.19 Cr | -₹8.35 Cr | -₹2.46 Cr | -₹20.02 Cr | -₹42.37 Lakh | -₹15.41 Cr | -₹5.53 Cr | -₹29.05 Cr | -₹1.98 Cr | -₹13.41 Cr | ₹4.03 Cr | -₹6.02 Cr |
| Total Tax Expense | ₹48,000 | ₹45,000 | ₹1.25 Lakh | ₹85,000 | ₹47,000 | ₹23,000 | ₹2.26 Lakh | -₹1.22 Lakh | ₹29,000 | ₹30,000 | ₹8.19 Lakh | -₹22.1 Lakh |
| Net Profit | -₹4.19 Cr | -₹8.36 Cr | -₹2.47 Cr | -₹20.03 Cr | -₹42.83 Lakh | -₹15.41 Cr | -₹5.55 Cr | -₹29.04 Cr | -₹1.98 Cr | -₹13.42 Cr | ₹3.95 Cr | -₹5.8 Cr |
| attributable to Owners | ₹0 | ₹0 | - | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | - |
| attributable to NCI | ₹0 | ₹0 | - | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | - |
| Other Comprehensive Income | ₹11.08 Cr | ₹66.29 Cr | -₹99.54 Lakh | ₹15.05 Cr | -₹8.06 Cr | ₹3.91 Cr | ₹17.6 Lakh | ₹7.25 Lakh | -₹4.05 Lakh | -₹3.03 Lakh | -₹2.03 Lakh | -₹2.02 Lakh |
| Total Comprehensive Income | ₹6.88 Cr | ₹57.93 Cr | -₹3.47 Cr | -₹4.97 Cr | -₹8.49 Cr | -₹11.5 Cr | -₹5.38 Cr | -₹28.97 Cr | -₹2.02 Cr | -₹13.45 Cr | ₹3.93 Cr | -₹5.82 Cr |
| EBITDA (computed) | -₹1.48 Cr | -₹7.51 Cr | -₹39.48 Lakh | -₹23.12 Cr | ₹1.52 Cr | -₹12.62 Cr | -₹4.23 Cr | -₹22.51 Cr | ₹86.25 Lakh | -₹10.19 Cr | ₹6.95 Cr | -₹2.61 Cr |
| Basic EPS | ₹-0.02 | ₹0.00 | ₹-0.01 | ₹-0.02 | ₹-0.05 | ₹-0.09 | ₹-0.05 | ₹-0.30 | ₹-0.02 | ₹-0.16 | ₹0.06 | ₹-0.10 |
| Diluted EPS | ₹-0.02 | ₹0.00 | ₹-0.01 | ₹-0.02 | ₹-0.05 | ₹-0.09 | ₹-0.05 | ₹-0.30 | ₹-0.02 | ₹-0.16 | ₹0.06 | ₹-0.10 |
| Segment · Q2 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Real Estate | ₹3.04 Cr | ₹4.08 Cr | ₹336.12 Cr | ₹163.97 Cr |
| Civil Contracting Business | ₹0 | ₹0 | ₹5.42 Cr | ₹12.87 Lakh |
| Investment in subsidiaries | ₹45.88 Lakh | -₹65.4 Lakh | ₹856.66 Cr | ₹83.24 Cr |
| Segment · FY 2025 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Real Estate | ₹17.99 Cr | ₹1.7 Cr | - | - |
| Civil Contracting Business | ₹0 | ₹3,000 | - | - |
| Investment (Subsidiary) | ₹2.95 Cr | ₹1.1 Cr | - | - |
| Metrics | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹17.99 Cr | ₹20.61 Cr | ₹108.19 Cr | ₹101.65 Cr | ₹120.92 Cr | ₹114.12 Cr |
| Other Income | ₹2.04 Cr | ₹19.64 Cr | ₹53.84 Lakh | ₹9.67 Cr | ₹7.54 Cr | ₹4.21 Cr |
| Total Income | ₹20.04 Cr | ₹40.25 Cr | ₹108.72 Cr | ₹111.32 Cr | ₹128.46 Cr | ₹118.33 Cr |
| Cost of Materials Consumed | ₹11.42 Cr | ₹12.84 Cr | ₹82.93 Cr | ₹57.59 Cr | ₹65.28 Cr | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹80.13 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹5.83 Cr | ₹12.35 Cr | -₹9.33 Cr |
| Employee Benefit Expense | ₹2.22 Cr | ₹2.36 Cr | ₹2.77 Cr | ₹2.65 Cr | ₹3.05 Cr | ₹3.45 Cr |
| Finance Costs | ₹3.59 Cr | ₹10.56 Cr | ₹12.24 Cr | ₹14.3 Cr | ₹14.56 Cr | ₹17.85 Cr |
| Depreciation & Amortisation | ₹10.89 Lakh | ₹12.59 Lakh | ₹13.15 Lakh | ₹12.45 Lakh | ₹10.87 Lakh | ₹17.53 Lakh |
| Other Expenses | ₹42.1 Cr | ₹51.42 Cr | ₹22.76 Cr | ₹6.82 Cr | ₹5.19 Cr | ₹12.47 Cr |
| Total Expenses | ₹59.45 Cr | ₹77.31 Cr | ₹120.83 Cr | ₹87.32 Cr | ₹100.53 Cr | ₹104.76 Cr |
| Profit Before Exceptional Items & Tax | -₹39.41 Cr | -₹37.06 Cr | -₹12.1 Cr | ₹24 Cr | ₹27.93 Cr | ₹13.58 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹93.13 Lakh |
| Profit Before Tax | -₹39.41 Cr | -₹37.06 Cr | -₹12.1 Cr | ₹24 Cr | ₹27.93 Cr | ₹12.65 Cr |
| Total Tax Expense | ₹2.79 Lakh | ₹1.33 Lakh | ₹2.12 Lakh | ₹6.67 Cr | ₹7.67 Cr | ₹3.01 Cr |
| Net Profit | -₹39.44 Cr | -₹37.08 Cr | -₹12.13 Cr | ₹17.33 Cr | ₹20.26 Cr | ₹9.64 Cr |
| Other Comprehensive Income | -₹8.1 Lakh | -₹8.1 Lakh | -₹8.1 Lakh | -₹8.1 Lakh | -₹8.1 Lakh | -₹8.1 Lakh |
| Total Comprehensive Income | -₹39.52 Cr | -₹37.16 Cr | -₹12.21 Cr | ₹17.24 Cr | ₹20.18 Cr | ₹9.56 Cr |
| EBITDA (computed) | -₹35.71 Cr | -₹26.38 Cr | ₹26.19 Lakh | ₹38.43 Cr | ₹42.59 Cr | ₹31.61 Cr |
| Basic EPS | ₹-0.15 | ₹-0.34 | ₹-1.48 | ₹2.79 | ₹3.28 | ₹7.77 |
| Diluted EPS | ₹-0.15 | ₹-0.34 | ₹-1.48 | ₹2.79 | ₹3.28 | ₹7.77 |
| Metrics | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Assets | ₹1,031.93 Cr | ₹1,078.82 Cr | ₹1,119.51 Cr |
| Non-current Assets | ₹741.41 Cr | ₹79.04 Cr | ₹763.5 Cr |
| Current Assets | ₹290.53 Cr | ₹999.77 Cr | ₹356.01 Cr |
| Property, Plant & Equipment | ₹67.47 Lakh | ₹76.51 Lakh | ₹85.66 Lakh |
| Inventories | ₹154.6 Cr | ₹144.56 Cr | ₹128.73 Cr |
| Trade Receivables | ₹78.06 Cr | ₹83.95 Cr | ₹85.82 Cr |
| Cash & Equivalents | ₹3.72 Cr | ₹3.77 Cr | ₹1.86 Cr |
| Equity (Net Worth) | ₹857.75 Cr | ₹897.27 Cr | ₹148.4 Cr |
| Equity Share Capital | ₹261.44 Cr | ₹109.7 Cr | ₹82.41 Cr |
| Borrowings (Non-current) | ₹0 | ₹33.17 Cr | ₹821.57 Cr |
| Borrowings (Current) | ₹22.37 Cr | ₹42.7 Cr | ₹79.79 Cr |
| Total Debt (computed) | ₹22.37 Cr | ₹75.86 Cr | ₹901.36 Cr |
| Current Liabilities | ₹56.96 Cr | ₹77.16 Cr | ₹115.79 Cr |
| Total Liabilities | ₹174.18 Cr | ₹181.54 Cr | ₹971.12 Cr |
| Metrics | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | ₹678.36 Cr | ₹48.39 Cr | -₹166.27 Cr | -₹19.73 Cr |
| Investing Cash Flow | -₹662.75 Cr | -₹2.43 Cr | -₹651.34 Cr | ₹37.11 Cr |
| Financing Cash Flow | -₹15.66 Cr | -₹45.65 Cr | ₹820.57 Cr | -₹17.26 Cr |
| Capital Expenditure | ₹1.85 Lakh | -₹3.44 Lakh | ₹4.1 Lakh | ₹5.92 Lakh |
| Free Cash Flow (computed) | ₹678.34 Cr | ₹48.36 Cr | -₹166.31 Cr | -₹19.79 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹27.03 Lakh |
| Net Change in Cash | -₹4.52 Lakh | ₹30.79 Lakh | ₹2.97 Cr | ₹12.01 Lakh |
| Metrics | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3.21 Cr | -₹5.84 Lakh | ₹1.37 Cr | ₹1.09 Cr | ₹6.2 Cr | ₹9.33 Cr | ₹12.55 Cr | ₹12.58 Cr | -₹4.52 Cr | ₹9.71 Cr | ₹62.5 Cr | ₹17.73 Cr |
| Other Income | ₹1.66 Lakh | ₹97.1 Lakh | ₹56.89 Lakh | ₹7.64 Lakh | ₹23.76 Lakh | ₹1.16 Cr | ₹2.58 Cr | ₹2.7 Cr | ₹14.36 Cr | ₹1.33 Cr | ₹13.59 Lakh | -₹3 Lakh |
| Total Income | ₹3.23 Cr | ₹91.26 Lakh | ₹1.94 Cr | ₹1.17 Cr | ₹6.43 Cr | ₹10.5 Cr | ₹15.13 Cr | ₹15.29 Cr | ₹9.83 Cr | ₹11.04 Cr | ₹62.64 Cr | ₹17.7 Cr |
| Cost of Materials Consumed | -₹1.08 Cr | ₹1.68 Cr | -₹5.88 Cr | ₹11.51 Cr | -₹2.18 Cr | ₹7.97 Cr | ₹6.3 Cr | ₹9.79 Cr | -₹3.24 Cr | ₹6.94 Cr | ₹54.27 Cr | ₹7.55 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹3.97 Cr |
| Employee Benefit Expense | ₹74.71 Lakh | ₹16.47 Lakh | ₹53.62 Lakh | ₹55.26 Lakh | ₹63.79 Lakh | ₹49.8 Lakh | ₹53.65 Lakh | ₹1.27 Cr | ₹55.8 Lakh | ₹61.38 Lakh | ₹61.95 Lakh | ₹86.13 Lakh |
| Finance Costs | ₹2.68 Cr | ₹82.5 Lakh | ₹2.04 Cr | -₹3.13 Cr | ₹1.91 Cr | ₹2.76 Cr | ₹1.27 Cr | ₹6.48 Cr | ₹2.81 Cr | ₹3.19 Cr | ₹2.89 Cr | ₹3.37 Cr |
| Depreciation & Amortisation | ₹2.05 Lakh | ₹2.22 Lakh | ₹2.41 Lakh | ₹2.63 Lakh | ₹2.94 Lakh | ₹2.91 Lakh | ₹2.96 Lakh | ₹6.4 Lakh | ₹3.23 Lakh | ₹3.2 Lakh | ₹3.16 Lakh | ₹3.31 Lakh |
| Other Expenses | ₹4.92 Cr | ₹5.75 Cr | ₹7.39 Cr | ₹12.96 Cr | ₹7.21 Cr | ₹14.53 Cr | ₹12.37 Cr | ₹27.58 Cr | ₹11.47 Cr | ₹13.6 Cr | ₹11.34 Cr | ₹9.79 Cr |
| Total Expenses | ₹7.3 Cr | ₹8.44 Cr | ₹4.11 Cr | ₹21.92 Cr | ₹7.61 Cr | ₹25.79 Cr | ₹20.5 Cr | ₹45.18 Cr | ₹11.63 Cr | ₹24.37 Cr | ₹69.15 Cr | ₹25.58 Cr |
| Profit Before Exceptional Items & Tax | -₹4.07 Cr | -₹7.53 Cr | -₹2.17 Cr | -₹20.76 Cr | -₹1.18 Cr | -₹15.3 Cr | -₹5.38 Cr | -₹29.89 Cr | -₹1.79 Cr | -₹13.33 Cr | -₹6.51 Cr | -₹7.88 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.07 Cr | -₹7.53 Cr | -₹2.17 Cr | -₹20.76 Cr | -₹1.18 Cr | -₹15.3 Cr | -₹5.38 Cr | -₹29.89 Cr | -₹1.79 Cr | -₹13.33 Cr | -₹6.51 Cr | -₹7.88 Cr |
| Total Tax Expense | ₹48,000 | ₹45,000 | ₹1.25 Lakh | ₹85,000 | ₹47,000 | ₹23,000 | ₹2.26 Lakh | -₹1.22 Lakh | ₹29,000 | ₹30,000 | ₹8.19 Lakh | -₹22.1 Lakh |
| Net Profit | -₹4.08 Cr | -₹7.53 Cr | -₹2.19 Cr | -₹20.77 Cr | -₹1.19 Cr | -₹15.3 Cr | -₹5.4 Cr | -₹29.88 Cr | -₹1.8 Cr | -₹13.33 Cr | -₹6.59 Cr | -₹7.66 Cr |
| Other Comprehensive Income | -₹2.02 Lakh | -₹2.02 Lakh | -₹2.02 Lakh | -₹2.02 Lakh | -₹2.02 Lakh | -₹2.02 Lakh | -₹2.02 Lakh | -₹4.05 Lakh | -₹2.02 Lakh | -₹2.02 Lakh | -₹2.03 Lakh | -₹2.02 Lakh |
| Total Comprehensive Income | -₹4.1 Cr | -₹7.55 Cr | -₹2.21 Cr | -₹20.79 Cr | -₹1.21 Cr | -₹15.32 Cr | -₹5.42 Cr | -₹29.92 Cr | -₹1.82 Cr | -₹13.35 Cr | -₹6.61 Cr | -₹7.68 Cr |
| EBITDA (computed) | -₹1.37 Cr | -₹6.68 Cr | -₹10.75 Lakh | -₹23.86 Cr | ₹75.79 Lakh | -₹12.51 Cr | -₹4.08 Cr | -₹23.35 Cr | ₹1.05 Cr | -₹10.11 Cr | -₹3.59 Cr | -₹4.47 Cr |
| Basic EPS | ₹-0.02 | ₹0.00 | ₹-0.01 | ₹-0.08 | ₹-0.01 | ₹-0.12 | ₹-0.05 | ₹-0.31 | ₹-0.02 | ₹-0.16 | ₹-0.11 | ₹-0.13 |
| Diluted EPS | ₹-0.02 | ₹0.00 | ₹-0.01 | ₹-0.08 | ₹-0.01 | ₹-0.12 | ₹-0.05 | ₹-0.31 | ₹-0.02 | ₹-0.16 | ₹-0.11 | ₹-0.13 |
| Segment · Q2 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Real Estate | ₹3.21 Cr | ₹3.53 Cr | ₹1,010.44 Cr | ₹165.06 Cr |
| Civil Contracting Business | ₹0 | ₹0 | ₹5.42 Cr | ₹12.87 Lakh |
| Segment · FY 2025 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Real Estate | ₹17.99 Cr | ₹1.7 Cr | - | - |
| Civil Contracting business | ₹0 | ₹3,000 | - | - |
Shareholding Pattern of Dharan Infra-Epc Limited
As per the shareholding pattern filed with NSE for the quarter ended Sep 2025, promoters hold 0.83%, foreign institutional investors hold 0.75%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 98.41% of Dharan Infra-Epc Limited. The company had 337,515 shareholders on record.
| Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Oct 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 0.83% | 0.83% | 0.84% | 0.83% | 0.83% | 1.27% |
| Public | 99.17% | 99.17% | 99.16% | 99.17% | 99.17% | 98.73% |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 0.84% | 1.98% | 3.27% | 25.93% | 62.72% | 65.16% | 65.04% | 65.04% |
| Public | 99.16% | 98.02% | 96.73% | 74.07% | 37.28% | 34.84% | 34.96% | 34.96% |
| Promoter change (YoY, %pts) | -1.14 | -1.29 | -22.66 | -36.79 | -2.44 | +0.12 | +0.00 | - |
Board & Governance of Dharan Infra-Epc Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Dharan Infra-Epc Limited has 8 directors - 3 independent and 4 executive. The board is chaired by Prachi Aditya Sakpal.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Naresh Jagumal Karda | Executive Director | 2021-10-11 | 1 |
| Sandeep Ravindra Shah | Non-Executive - Independent Director | 2018-02-16 | 2 |
| Prachi Aditya Sakpal | Non-Executive - Independent Director · Chairperson | 2024-07-13 | 1 |
| Reshma Susan Thomas | Non-Executive - Independent Director | 2024-09-02 | 1 |
| Anoushka Lutchmee Nunkoo | Non-Executive - Non Independent Director | 2024-10-16 | 1 |
| Lea Colcol Bonaga | Executive Director | 2024-10-16 | 1 |
| Nabila Hadia Hawail | Executive Director | 2024-10-16 | 1 |
| Devesh Naresh Karda | Executive Director · MD | 2021-10-11 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Sandeep Ravindra Shah (Chairperson), Prachi Aditya Sakpal, Naresh Jagumal Karda |
| Nomination and remuneration committee | Sandeep Ravindra Shah (Chairperson), Prachi Aditya Sakpal, Reshma Susan Thomas |
| Stakeholders Relationship Committee | Sandeep Ravindra Shah (Chairperson), Devesh Naresh Karda, Naresh Jagumal Karda |
| Risk Management Committee | Devesh Naresh Karda, Naresh Jagumal Karda (Chairperson), Sandeep Ravindra Shah |
| Corporate Social Responsibility Committee | Sandeep Ravindra Shah (Chairperson), Naresh Jagumal Karda, Devesh Naresh Karda |
Charges & Borrowings of Dharan Infra-Epc Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 May 2021 | Others | ₹23 Cr | Open |
| 17 Feb 2021 | Others | ₹1 Cr | Open |
| 24 Jan 2020 | Sbicap Trustee Company Limited | ₹25 Cr | Open |
| 31 Dec 2019 | Canara Bank | ₹15 Cr | Open |
| 07 Nov 2019 | Others | ₹2.5 Cr | Open |
Total charge records: 43 View all charges
Employees and EPFO Compliance at Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has a workforce of 34 employees as of Nov 05, 2024.
Employee Count & EPFO Data of Dharan Infra-Epc Limited
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GST Compliance of Dharan Infra-Epc Limited
GSTIN & GST Filing Data of Dharan Infra-Epc Limited
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Credit Ratings, Litigation & Regulatory Alerts for Dharan Infra-Epc Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Dharan Infra-Epc Limited
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MSME Payment Delays by Dharan Infra-Epc Limited
MSME Payment Delays by Dharan Infra-Epc Limited
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Subsidiaries & Group Companies of Dharan Infra-Epc Limited
Subsidiaries & Group Companies of Dharan Infra-Epc Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Dharan Infra-Epc Limited with ownership details.
MCA Filings & Documents of Dharan Infra-Epc Limited
MCA Filings & Documents of Dharan Infra-Epc Limited
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Recent Activity on Dharan Infra-Epc Limited
Recent News on Dharan Infra-Epc Limited
Frequently Asked Questions about Dharan Infra-Epc Limited
Dharan Infra-Epc Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Dharan Infra-Epc Limited is a company under insolvency, formerly operating as a public limited company in the real estate and construction sector based in Nashik, Maharashtra, India. It was incorporated on 17 September 2007 and is registered under CIN L45400MH2007PLC174194. Listed on BSE: 541161 and NSE: KARDA. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Dharan Infra-Epc Limited reported revenue of ₹48.16 Cr for FY 2024 (down 60.00% YoY).
The current directors of Dharan Infra-Epc Limited are:
- Devesh Naresh Karda
- Liyakat Mohommad Khan
- Sandeep Ravindra Shah
- Muthusubramanian Hariharan
- Prachi Aditya Sakpal
- Naresh Jagumal Karda
- Mayura Dinesh Marathe
- Reshma Susan Thomas
The CIN (Corporate Identification Number) of Dharan Infra-Epc Limited is L45400MH2007PLC174194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Dharan Infra-Epc Limited is listed on both BSE (code: 541161) and NSE (symbol: KARDA).