Dharan Infra-Epc Limited

BSE: 541161 NSE: KARDA
Dharan Infra-Epc Limited - real estate and construction in Nashik, Maharashtra, India. FY 2026 financials and compliance.
CIN L45400MH2007PLC174194 Incorporated 17 September 2007 ROC Mumbai HQ Nashik, Maharashtra, India
Under Insolvency Listed - NSE: KARDA · BSE: 541161 Public Limited Company real estate and construction
Data last updated
Revenue · FY 2025
₹17.99 Cr
▼ 12.71% YoY
Computed EBITDA · FY 2025
-₹34.61 Cr
▼ 33.76% YoY
Net profit · FY 2025
-₹38.34 Cr
▼ 4.82% YoY
Authorised capital
₹700 Cr
Registered with MCA
Paid-up capital
₹261.44 Cr
Issued & subscribed
Open charges
₹184.75 Cr
Satisfied ₹512.6 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
34
Latest available

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 Naresh Jagumal Karda and Devesh Naresh Karda.

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 NSE-filed consolidated financials for FY 2025, the company reported a revenue of ₹17.99 Cr, a decline of 12.71% compared to the previous year. The net worth stands at ₹881.48 Cr (down 3.12% YoY). Total assets are valued at ₹1,058.7 Cr (down 3.1% YoY).

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.

Company Details of Dharan Infra-Epc Limited
CIN L45400MH2007PLC174194
Registration Number 174194
Incorporation Date 17 September 2007
ROC Mumbai
Listing Status Listed (BSE: 541161, NSE: KARDA)
Company Status Under CIRP
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Naresh Jagumal Karda Managing Director Liyakat Mohommad Khan Cfo Devesh Naresh Karda Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    kardaconstruction.com
  • Social Media
  • Registered Address
    2Nd Floor Gulmohar Status Above Business Bank Samarth Nagar, Nashik, Maharashtra, India – 422005
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers
Company report
Dharan Infra-Epc Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Dharan Infra-Epc Limited in one report.

10-year financials Directors & ownership Charges & compliance

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
Karda Construction
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 Godrej Properties Residential and commercial properties are developed by Godrej Properties. Mumbai, India, India 1990
Vingroup Vingroup Real estate development and management services are offered by Vingroup. Hanoi, Vietnam, Vietnam 1993
Lendlease Lendlease Sustainable project development and maintenance services are provided worldwide. Melbourne, Australia, Australia 1958
Frasers Property Frasers Property Residential and commercial properties are developed and managed across regions. Singapore, Singapore, Singapore 1924
Sunac Sunac Residential and commercial real estate development is conducted by Sunac. Shanghai, China, China 2003
Lodha Group Lodha Group Developer of residential and commercial real estate properties Mumbai, India, India 1980
Vanke Vanke Real estate properties are developed in over 50 cities. Shenzhen, China, China 1984
Eiffage Eiffage Eiffage is engaged in construction, energy, and infrastructure concessions. Paris, France, France 1920
City Developments City Developments 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 Locked
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Business activity turnover details for Dharan Infra-Epc Limited

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

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 and KMP of Dharan Infra-Epc Limited

Dharan Infra-Epc Limited currently reports 6 directors and 2 key managerial personnel. 13 former directors have served the organization.

Directors and KMP (as last reported)
Name Designation Appointment Date Tenure Status
Naresh Jagumal Karda
Also directs: Dharan Infra Solar Private Limited, Karda Buildcon Private Limited, Gurkar Hotels Private Limited
Managing Director 17 Sep 2007 18 Years 11 Months As last reported
Devesh Naresh Karda
Also directs: Dharan Infra Solar Private Limited, Karda Buildcon Private Limited, Gnosis Academy Llp and 1 more
Director 11 Oct 2021 4 Years 10 Months As last reported
Sandeep Shah
Also directs: Bajaj Healthcare Limited, Ruchi Gas And Infratech Limited, Krishnaping Alloys Limited and 1 more
Director 16 Feb 2018 8 Years 6 Months As last reported
Liyakat Mohommad Khan Cfo 13 Nov 2019 6 Years 9 Months As last reported
Mayura Dinesh Marathe
Also directs: Parmeshwar Metal Limited, Danube Industries Limited
Company Secretary 28 Apr 2016 10 Years 3 Months As last reported
Reshma Susan Thomas Additional Director 02 Sep 2024 1 Years 11 Months As last reported
Showing 6 of 8 current directors and KMP. View all directors and KMP

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.

Revenue · FY 2025
₹17.99 Cr ▼ 12.71%
Profit · FY 2025
-₹38.34 Cr ▼ 4.82%
Computed EBITDA · FY 2025
-₹34.61 Cr ▼ 33.76%
Revenue₹ Cr · Consolidated050100150FY 2022: ₹102 Cr102FY 2022FY 2023: ₹108 Cr · +6.4% YoY108+6.4%FY 2023FY 2024: ₹21 Cr · -80.9% YoY20.6-80.9%FY 2024FY 2025: ₹18 Cr · -12.7% YoY18-12.7%FY 2025
Net Profit₹ Cr · Consolidated-40-20020FY 2022: ₹17 Cr17.3FY 2022FY 2023: ₹2 Cr (loss) · -109.2% YoY-1.6FY 2023FY 2024: ₹37 Cr (loss) · -2202.3% YoY-36.6FY 2024FY 2025: ₹38 Cr (loss) · -4.8% YoY-38.3FY 2025
Quarterly Revenue₹ Cr · vs same quarter last year051015Q3'24: ₹13 Cr · -29% YoY12.6-29%Q3'24Q4'24: ₹13 Cr · -79.9% YoY12.5-79.9%Q4'24Q1'25: ₹9 Cr · -3.9% YoY9.3-3.9%Q1'25Q2'25: ₹6 Cr · +237% YoY6.2+237%Q2'25Q3'25: ₹1 Cr · -91.3% YoY1.1-91.3%Q3'25Q4'25: ₹1 Cr · -89.1% YoY1.4-89.1%Q4'25Q1'26: ₹0 Cr · -98.8% YoY0.1-98.8%Q1'26Q2'26: ₹3 Cr · -43.6% YoY3.5-43.6%Q2'26
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 14 on record.
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
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
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
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
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
Latest 12 quarters shown of 22 on record.
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 - -
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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.

Promoters: 0.83%FII (Foreign Institutional): 0.75%Retail & Others: 98.41%
Sep 2025
QUARTER
0.83% Promoters
0.75% FII (Foreign Institutional)
98.41% Retail & Others
Promoter holding - history
Now 0.83% · Sep 2025High 65.16% · Sep 2019Low 0.83% · Oct 2024
0%16.8%33.5%50.3%67%Mar 2018Mar 2020Dec 2021Sep 2023Jun 2025Mar 2018: 65.04%Jun 2018: 65.04%Sep 2018: 65.04%Dec 2018: 65.04%Mar 2019: 65.04%Jun 2019: 65.04%Sep 2019: 65.16%Dec 2019: 65.16%Mar 2020: 65.16%Jun 2020: 65.16%Sep 2020: 65.16%Dec 2020: 65.16%Mar 2021: 62.72%Jun 2021: 58.24%Aug 2021: 57.39%Sep 2021: 47.53%Dec 2021: 33.15%Mar 2022: 25.93%Jun 2022: 21.86%Sep 2022: 12.76%Dec 2022: 4.27%Mar 2023: 3.27%May 2023: 2.95%Jun 2023: 3.27%Sep 2023: 2.59%Dec 2023: 2.26%Mar 2024: 1.98%Jun 2024: 1.98%Sep 2024: 1.27%Oct 2024: 0.83%Dec 2024: 0.83%Mar 2025: 0.84%Jun 2025: 0.83%Sep 2025: 0.83%65.16%0.83%0.83%
Shareholding trend - last 6 quarters
Sep 2025Jun 2025Mar 2025Dec 2024Oct 2024Sep 2024
Promoters0.83%0.83%0.84%0.83%0.83%1.27%
Public99.17%99.17%99.16%99.17%99.17%98.73%
Shareholding history - year on year (as at 31 March)
Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Promoters0.84%1.98%3.27%25.93%62.72%65.16%65.04%65.04%
Public99.16%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.

DirectorPositionOn board sinceListed 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
Board Committees
CommitteeMembers
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

Open charges
₹184.75 Cr
Satisfied charges
₹512.6 Cr
Breakdown by lending institutions
Tata Capital Housing Finance Limited₹102.00 Cr
Others₹37.75 Cr
Sbicap Trustee Company Limited₹25.00 Cr
Canara Bank₹15.00 Cr
The Nashik Road Deolali Vyapari Bank₹5.00 Cr
Latest charge details
DateLenderAmountStatus
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
34
Active EPFO establishments
2
Employee growth
-46.03%
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Employee and EPFO history for Dharan Infra-Epc Limited

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GST Compliance of Dharan Infra-Epc Limited

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Credit Ratings, Litigation & Regulatory Alerts for Dharan Infra-Epc Limited

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MSME Payment Delays by Dharan Infra-Epc Limited

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Subsidiaries & Group Companies of Dharan Infra-Epc Limited

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MCA Filings & Documents of Dharan Infra-Epc Limited

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Recent Activity on Dharan Infra-Epc Limited

Activity
30 Sep 2024
Dharan Infra-Epc Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Directors
02 Sep 2024
Reshma Susan Thomas was appointed as a Additional Director on 02 Sep 2024 & has been associated with this company since 1 year 11 months.
Directors
13 Jul 2024
Prachi Aditya Sakpal was appointed as a Additional Director on 13 Jul 2024 & has been associated with this company since 2 years 1 month.
Directors
09 Jul 2024
Muthusubramanian Hariharan was appointed as a Additional Director on 09 Jul 2024 & has been associated with this company since 2 years 1 month.
Charges
12 Jun 2024
A charge with Others of Rs. 23.00 Cr registered on 27 May 2021 with Charge ID 100453363 was modified on 12 Jun 2024.
Activity
31 Mar 2024
Dharan Infra-Epc Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

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 ₹17.99 Cr for FY 2025 (down 12.71% YoY) based on consolidated NSE filings.

The current directors and KMP of Dharan Infra-Epc Limited are:

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).

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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