About Dharan Infra-Epc Limited
Data last updated:
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 operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 September 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45400MH2007PLC174194. Its GSTIN is 30AADCK1887B1ZZ (Goa). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 541161 and NSE: KARDA.
The company has an authorised share capital of ₹700 Cr and a paid-up capital of ₹261.44 Cr. It was formerly known as Karda Constructions Private Limited and Karda Constructions Limited. It is led by directors including Naresh Jagumal Karda (Managing Director) and Devesh Naresh Karda.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Gulmohar Status Above Business Bank Samarth Nagar, Nashik, Maharashtra, India – 422005.
As per the latest consolidated financials for FY 2024-25, the company reported a revenue of ₹17.99 Cr, a decline of 12.7% compared to the previous year. For the same year it recorded a net loss of ₹38.49 Cr (net margin -214%) and EBITDA of -₹39.6 Cr (EBITDA margin -220.1%). The net worth stands at ₹881.49 Cr (down 3.1% YoY). Total assets are valued at ₹1,021.09 Cr (down 3.4% YoY).
The company has about 34 employees on its provident fund (EPFO) records.
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. Court records list 90 cases involving the company, including 5 filed by the company and 70 filed against it; 35 cases are pending. The company has 168 deals on record (167 market trades, 1 ipo); the latest was in June 2026. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Kanaujia's Infratech Private Limited with revenue of ₹48.28 Cr. The company has 12 MSME Form 1 returns on record between 2018 and 2023, listing 527 overdue payments to 44 micro and small suppliers.
The last known website on record is kardaconstruction.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor Gulmohar Status Above Business Bank Samarth Nagar, Nashik, Maharashtra, India – 422005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of Dharan Infra-Epc Limited
The main business activity of Dharan Infra-Epc is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Dharan Infra-Epc Limited FY 2024-25 filings available
Dharan Infra-Epc Limited reported revenue of ₹17.99 Cr (down 12.7% YoY) for FY 2024-25.
Financial Highlights
FY 2024-25 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 17.99 | 20.61 | 108 | 102 | 129 |
| Revenue growth | -12.7% | -81.0% | +6.4% | -21.1% | - |
| EBITDA | (39.60) | (53.42) | (3.24) | 28.70 | 35.05 |
| EBITDA margin | -220.1% | -259.2% | -3.0% | +28.2% | +27.2% |
| Profit before tax | (38.30) | (36.56) | (3.52) | 23.95 | 27.92 |
| Net profit | (38.49) | (36.57) | (3.54) | 17.13 | 20.24 |
| Net profit margin | -214.0% | -177.4% | -3.3% | +16.9% | +15.7% |
| EPS (₹) | (0.15) | (0.33) | (0.05) | 0.28 | 3.29 |
| Balance sheet | |||||
| Total assets | 1,021 | 1,057 | 1,092 | 292 | 283 |
| Net worth | 881 | 910 | 933 | 140 | 123 |
| Total debt | 63.88 | 75.95 | 126 | 89.46 | 92.14 |
| Cash & bank | 701 | 689 | 3.46 | 0.50 | 0.37 |
| Net working capital | 937 | 954 | 305 | 186 | 171 |
| Cash flow | |||||
| Cash from operations | 16.70 | 68.40 | (163) | (19.74) | 34.51 |
| Cash from investing | 10.45 | 664 | (654) | 37.13 | (2.32) |
| Cash from financing | (15.66) | (47.04) | 821 | (17.26) | (32.19) |
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.50 | 0.11 | 1.37 | 1.09 | 6.20 | 9.33 | 12.55 | 12.58 |
| Revenue growth (YoY) | -43.6% | -98.8% | -89.1% | -91.3% | +237.2% | - | - | - |
| Other income | 0.02 | 0.97 | 1.07 | 1.02 | 1.74 | 1.16 | 2.59 | 10.61 |
| EBITDA | (1.49) | (8.48) | (1.47) | (24.14) | (0.22) | (13.78) | (6.81) | (33.12) |
| EBITDA margin | -42.6% | -7709.1% | -107.3% | -2214.7% | -3.5% | -147.7% | -54.3% | -263.3% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 |
| Interest | 2.69 | 0.83 | 2.04 | (3.13) | 1.91 | 2.76 | 1.27 | 6.48 |
| Profit before tax | (4.18) | (8.36) | (2.46) | (20.02) | (0.42) | (15.41) | (5.52) | (29.05) |
| Tax | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 | (0.01) |
| Net profit | (4.18) | (8.36) | (2.47) | (20.03) | (0.42) | (15.41) | (5.54) | (29.04) |
| EPS (₹) | (0.02) | 22.00 | (0.01) | (0.08) | (0.05) | (0.09) | (0.05) | (0.30) |
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 17.99 | 20.61 | 108 | 102 | 129 | 114 | 105 |
| Revenue growth | -12.7% | -81.0% | +6.4% | -21.1% | +12.9% | +8.4% | - |
| EBITDA | (37.75) | (46.01) | (2.87) | 28.77 | 35.05 | 26.46 | 29.96 |
| EBITDA margin | -209.8% | -223.2% | -2.7% | +28.3% | +27.2% | +23.2% | +28.5% |
| Profit before tax | (39.41) | (37.06) | (15.08) | 24.02 | 27.92 | 12.64 | 16.04 |
| Net profit | (39.60) | (37.07) | (15.10) | 17.20 | 20.24 | 9.44 | 12.04 |
| Net profit margin | -220.1% | -179.9% | -14.0% | +16.9% | +15.7% | +8.3% | +11.4% |
| EPS (₹) | (0.15) | (0.34) | (0.23) | 0.28 | 3.29 | 7.83 | 9.84 |
| Balance sheet | |||||||
| Total assets | 997 | 1,044 | 1,081 | 293 | 283 | 264 | 238 |
| Net worth | 858 | 897 | 922 | 140 | 123 | 103 | 94.24 |
| Total debt | 63.88 | 75.95 | 126 | 89.46 | 92.14 | 99.06 | 128 |
| Cash & bank | 3.72 | 3.77 | 3.45 | 0.49 | 0.37 | 0.37 | 6.50 |
| Net working capital | 240 | 942 | 955 | 186 | 171 | 191 | 174 |
| Cash flow | |||||||
| Cash from operations | 678 | 44.93 | (825) | (19.73) | 34.51 | 44.54 | (17.90) |
| Cash from investing | (663) | 2.43 | 7.71 | 37.11 | (2.32) | (15.45) | (21.17) |
| Cash from financing | (15.66) | (47.04) | 821 | (17.26) | (32.19) | (35.23) | (46.34) |
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.21 | (0.06) | 1.37 | 1.09 | 6.20 | 9.33 | 12.55 | 12.58 |
| Revenue growth (YoY) | -48.2% | -100.6% | -89.1% | -91.3% | +237.2% | - | - | - |
| Other income | 0.02 | 0.97 | 0.57 | 0.08 | 0.24 | 1.16 | 2.58 | 2.70 |
| Total expenses | 4.59 | 7.59 | 2.05 | 25.02 | 5.67 | 23.00 | 19.20 | 38.64 |
| EBITDA | (1.38) | (7.65) | (0.68) | (23.93) | 0.53 | (13.67) | (6.65) | (26.06) |
| EBITDA margin | -43.0% | - | -49.6% | -2195.4% | +8.5% | -146.5% | -53.0% | -207.2% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 |
| Interest | 2.68 | 0.83 | 2.04 | (3.13) | 1.91 | 2.76 | 1.27 | 6.48 |
| Profit before tax | (4.06) | (7.53) | (2.17) | (20.75) | (1.17) | (15.30) | (5.37) | (29.90) |
| Tax | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 | (0.01) |
Financial Statements
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.50 | 0.11 | 1.37 | 1.09 | 6.20 | 9.33 | 12.55 | 12.58 |
| Revenue growth (YoY) | -43.6% | -98.8% | -89.1% | -91.3% | +237.2% | - | - | - |
| Other income | 0.02 | 0.97 | 1.07 | 1.02 | 1.74 | 1.16 | 2.59 | 10.61 |
| EBITDA | (1.49) | (8.48) | (1.47) | (24.14) | (0.22) | (13.78) | (6.81) | (33.12) |
| EBITDA margin | -42.6% | -7709.1% | -107.3% | -2214.7% | -3.5% | -147.7% | -54.3% | -263.3% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 |
| Interest | 2.69 | 0.83 | 2.04 | (3.13) | 1.91 | 2.76 | 1.27 | 6.48 |
| Profit before tax | (4.18) | (8.36) | (2.46) | (20.02) | (0.42) | (15.41) | (5.52) | (29.05) |
| Tax | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 | (0.01) |
| Net profit | (4.18) | (8.36) | (2.47) | (20.03) | (0.42) | (15.41) | (5.54) | (29.04) |
| EPS (₹) | (0.02) | 22.00 | (0.01) | (0.08) | (0.05) | (0.09) | (0.05) | (0.30) |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Revenue | 17.99 | 20.61 | 108 | 102 | 129 |
| Revenue growth | -12.7% | -81.0% | +6.4% | -21.1% | - |
| Other income | 5.00 | 27.55 | 12.47 | 9.67 | 7.54 |
| Total expenses | 57.59 | 74.03 | 111 | 72.95 | 93.78 |
| Employee cost | 2.22 | 2.36 | 2.77 | 2.65 | 3.05 |
| EBITDA | (39.60) | (53.42) | (3.24) | 28.70 | 35.05 |
| EBITDA margin | -220.1% | -259.2% | -3.0% | +28.2% | +27.2% |
| Depreciation | 0.11 | 0.13 | 0.13 | 0.12 | 0.11 |
| Interest | 3.59 | 10.56 | 12.62 | 14.30 | 14.56 |
| Profit before tax | (38.30) | (36.56) | (3.52) | 23.95 | 27.92 |
| Tax | 0.03 | 0.01 | 0.02 | 6.67 | 7.67 |
| Net profit | (38.49) | (36.57) | (3.54) | 17.13 | 20.24 |
| Net profit margin | -214.0% | -177.4% | -3.3% | +16.9% | +15.7% |
| EPS (₹) | (0.15) | (0.33) | (0.05) | 0.28 | 3.29 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 261 | 110 | 66.57 | 61.50 | 12.30 |
| Reserves & surplus | 32.05 | 60.48 | 74.50 | 78.13 | 111 |
| Shareholders' funds (net worth) | 881 | 910 | 933 | 140 | 123 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 63.79 | 75.86 | 125 | 89.46 | 91.81 |
| Unsecured loans | 0.09 | 0.09 | 1.48 | 0.00 | 0.33 |
| Total debt | 63.88 | 75.95 | 126 | 89.46 | 92.14 |
| Total liabilities | 1,021 | 1,057 | 1,092 | 292 | 283 |
| Assets | |||||
| Gross block | 1.56 | 1.54 | 1.50 | 1.46 | 1.63 |
| Net block | 0.68 | 0.77 | 0.85 | 0.94 | 1.24 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 15.83 | 23.99 | 683 | 28.59 | 56.01 |
| Inventories | 155 | 145 | 129 | 118 | 124 |
| Sundry debtors | 81.05 | 83.95 | 85.87 | 83.15 | 57.55 |
| Cash & bank balances | 701 | 689 | 3.46 | 0.50 | 0.37 |
| Loans & advances | 38.57 | 72.11 | 123 | 18.79 | 20.25 |
| Total current assets | 975 | 990 | 341 | 221 | 202 |
| Total current liabilities | 37.61 | 35.62 | 36.37 | 34.49 | 30.90 |
| Net working capital | 937 | 954 | 305 | 186 | 171 |
| Total assets | 1,021 | 1,057 | 1,092 | 292 | 283 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Opening cash | 689 | 3.46 | 0.50 | 0.37 | 0.37 |
| Net cash from operating activities | 16.70 | 68.40 | (163) | (19.74) | 34.51 |
| Net cash from investing activities | 10.45 | 664 | (654) | 37.13 | (2.32) |
| Net cash from financing activities | (15.66) | (47.04) | 821 | (17.26) | (32.19) |
| Net change in cash | 11.49 | 686 | 2.97 | 0.13 | 0.00 |
| Closing cash | 701 | 689 | 3.46 | 0.50 | 0.37 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | -12.7% | -81.0% | +6.4% | -21.1% | - |
| EBITDA growth | +25.9% | -1548.8% | -111.3% | -18.1% | - |
| PBT growth | -4.8% | -938.6% | - | -14.2% | +9997.0% |
| Net income growth | -5.3% | -933.1% | -120.7% | -15.4% | - |
| Revenue CAGR (3Y) | -43.9% | -45.7% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | -213.1% | -177.4% | -3.3% | +17.0% | +15.7% |
| Return on capital employed | 0.0% | -2.4% | +1.3% | +13.3% | +15.0% |
| Return on net worth | 0.0% | -4.0% | -0.7% | +13.1% | +16.5% |
| Debt / equity | 0.08 | 0.11 | 0.20 | 0.69 | 0.75 |
| Long-term debt / equity | 0.04 | 0.04 | 0.09 | 0.31 | 0.28 |
| Interest cover | -9.04 | -19.72 | -374.48 | 50.03 | 41.67 |
| Efficiency & per share | |||||
| Fixed asset turnover | 11.61 | 13.56 | 73.10 | 65.79 | 79.04 |
| Inventory turnover | 0.12 | 0.15 | 0.88 | 0.84 | 1.04 |
| Debtors turnover | 0.22 | 0.24 | 1.28 | 1.44 | 2.24 |
| EPS (₹) | (0.15) | (0.33) | (0.05) | 0.28 | 3.29 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 |
| Book value per share (₹) | 1.12 | 1.55 | 2.12 | 2.27 | 20.01 |
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.21 | (0.06) | 1.37 | 1.09 | 6.20 | 9.33 | 12.55 | 12.58 |
| Revenue growth (YoY) | -48.2% | -100.6% | -89.1% | -91.3% | +237.2% | - | - | - |
| Other income | 0.02 | 0.97 | 0.57 | 0.08 | 0.24 | 1.16 | 2.58 | 2.70 |
| Total expenses | 4.59 | 7.59 | 2.05 | 25.02 | 5.67 | 23.00 | 19.20 | 38.64 |
| EBITDA | (1.38) | (7.65) | (0.68) | (23.93) | 0.53 | (13.67) | (6.65) | (26.06) |
| EBITDA margin | -43.0% | - | -49.6% | -2195.4% | +8.5% | -146.5% | -53.0% | -207.2% |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 |
| Interest | 2.68 | 0.83 | 2.04 | (3.13) | 1.91 | 2.76 | 1.27 | 6.48 |
| Profit before tax | (4.06) | (7.53) | (2.17) | (20.75) | (1.17) | (15.30) | (5.37) | (29.90) |
| Tax | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 | (0.01) |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 17.99 | 20.61 | 108 | 102 | 129 | 114 | 105 |
| Revenue growth | -12.7% | -81.0% | +6.4% | -21.1% | +12.9% | +8.4% | - |
| Other income | 2.04 | 19.64 | 0.54 | 9.67 | 7.54 | 4.21 | 3.44 |
| Total expenses | 55.74 | 66.62 | 111 | 72.88 | 93.78 | 87.66 | 75.34 |
| Employee cost | 2.22 | 2.36 | 2.77 | 2.65 | 3.05 | 2.97 | 2.29 |
| EBITDA | (37.75) | (46.01) | (2.87) | 28.77 | 35.05 | 26.46 | 29.96 |
| EBITDA margin | -209.8% | -223.2% | -2.7% | +28.3% | +27.2% | +23.2% | +28.5% |
| Depreciation | 0.11 | 0.13 | 0.13 | 0.12 | 0.11 | 0.18 | 0.28 |
| Interest | 3.59 | 10.56 | 12.62 | 14.30 | 14.56 | 17.85 | 17.08 |
| Profit before tax | (39.41) | (37.06) | (15.08) | 24.02 | 27.92 | 12.64 | 16.04 |
| Tax | 0.03 | 0.01 | 0.02 | 6.67 | 7.67 | 3.01 | 3.94 |
| Net profit | (39.60) | (37.07) | (15.10) | 17.20 | 20.24 | 9.44 | 12.04 |
| Net profit margin | -220.1% | -179.9% | -14.0% | +16.9% | +15.7% | +8.3% | +11.4% |
| EPS (₹) | (0.15) | (0.34) | (0.23) | 0.28 | 3.29 | 7.83 | 9.84 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 261 | 110 | 66.57 | 61.50 | 12.30 | 12.30 | 12.30 |
| Reserves & surplus | 8.31 | 47.83 | 63.01 | 78.20 | 111 | 90.88 | 81.94 |
| Shareholders' funds (net worth) | 858 | 897 | 922 | 140 | 123 | 103 | 94.24 |
| Secured loans | 63.79 | 75.86 | 125 | 89.46 | 91.81 | 97.52 | 127 |
| Unsecured loans | 0.09 | 0.09 | 1.48 | 0.00 | 0.33 | 1.54 | 0.92 |
| Total debt | 63.88 | 75.95 | 126 | 89.46 | 92.14 | 99.06 | 128 |
| Total liabilities | 997 | 1,044 | 1,081 | 293 | 283 | 264 | 238 |
| Assets | |||||||
| Gross block | 1.56 | 1.54 | 1.50 | 1.46 | 1.63 | 1.64 | 3.24 |
| Net block | 0.68 | 0.77 | 0.85 | 0.94 | 1.24 | 1.08 | 1.89 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 689 | 24.01 | 21.13 | 28.61 | 56.01 | 46.85 | 27.31 |
| Inventories | 155 | 145 | 129 | 118 | 124 | 164 | 155 |
| Sundry debtors | 78.06 | 83.95 | 85.87 | 83.15 | 57.55 | 12.16 | 11.25 |
| Cash & bank balances | 3.72 | 3.77 | 3.45 | 0.49 | 0.37 | 0.37 | 6.50 |
| Loans & advances | 38.65 | 744 | 773 | 18.85 | 20.25 | 40.91 | 28.68 |
| Total current assets | 275 | 976 | 991 | 221 | 202 | 217 | 201 |
| Total current liabilities | 34.58 | 34.46 | 36.00 | 34.49 | 30.90 | 26.21 | 27.31 |
| Net working capital | 240 | 942 | 955 | 186 | 171 | 191 | 174 |
| Total assets | 997 | 1,044 | 1,081 | 293 | 283 | 264 | 238 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.77 | 3.45 | 0.49 | 0.37 | 0.37 | 6.50 | 91.91 |
| Net cash from operating activities | 678 | 44.93 | (825) | (19.73) | 34.51 | 44.54 | (17.90) |
| Net cash from investing activities | (663) | 2.43 | 7.71 | 37.11 | (2.32) | (15.45) | (21.17) |
| Net cash from financing activities | (15.66) | (47.04) | 821 | (17.26) | (32.19) | (35.23) | (46.34) |
| Net change in cash | (0.05) | 0.31 | 2.97 | 0.12 | 0.00 | (6.14) | (85.41) |
| Closing cash | 3.72 | 3.77 | 3.45 | 0.49 | 0.37 | 0.37 | 6.50 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -12.7% | -81.0% | +6.4% | -21.1% | +12.9% | +8.4% | - |
| EBITDA growth | +18.0% | -1503.1% | -110.0% | -17.9% | +32.5% | -11.7% | - |
| PBT growth | -6.3% | -145.8% | - | -14.0% | +120.9% | -21.2% | -15.0% |
| Net income growth | -6.8% | -145.5% | -187.8% | -15.0% | +114.4% | -21.6% | - |
| Revenue CAGR (3Y) | -43.9% | -45.7% | -1.8% | -1.2% | +0.5% | +2.6% | +1.5% |
| EBITDA CAGR (3Y) | - | - | - | -1.3% | +3.3% | -0.3% | +11.7% |
| Profitability & leverage | |||||||
| Net income margin | -219.2% | -179.9% | -14.0% | +17.1% | +15.7% | +8.4% | +11.5% |
| Return on capital employed | 0.0% | 0.0% | -0.4% | +13.3% | +15.5% | +12.1% | +14.3% |
| Return on net worth | 0.0% | 0.0% | -2.9% | +13.2% | +17.9% | +9.8% | +13.6% |
| Debt / equity | 0.08 | 0.11 | 0.20 | 0.69 | 0.85 | 1.15 | 1.44 |
| Long-term debt / equity | 0.04 | 0.04 | 0.09 | 0.31 | 0.32 | 0.43 | 0.64 |
| Interest cover | -9.48 | -22.89 | -420.67 | 49.91 | 41.67 | 67.92 | 57.55 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 11.61 | 13.56 | 73.10 | 65.79 | 78.80 | 46.77 | 33.38 |
| Inventory turnover | 0.12 | 0.15 | 0.88 | 0.84 | 0.89 | 0.72 | 0.71 |
| Debtors turnover | 0.22 | 0.24 | 1.28 | 1.44 | 3.70 | 9.75 | 16.30 |
| EPS (₹) | (0.15) | (0.34) | (0.23) | 0.28 | 3.29 | 7.83 | 9.84 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 |
| Book value per share (₹) | 1.03 | 1.44 | 1.95 | 2.27 | 20.01 | 83.89 | 76.62 |
Peer Comparison of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanaujia's Infratech Private Limited | ₹48.28 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Shahjahanpur, Uttar Pradesh, India |
| 2Getherments Infra Private Limited | ₹48.28 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Hyderabad, Telangana, India |
| Tankish Infratech Private Limited | ₹48.27 Cr (FY 2025) | •••• | •••• | 621.0% | •••• | Lucknow, Uttar Pradesh, India |
| S S Buildcon Private Limited | ₹48.23 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | New Delhi, Delhi, India |
| Pune Kondhwa Realty Private Limited | ₹48.2 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Pune, Maharashtra, India |
| Flagship Developers Private Limited | ₹48.13 Cr (FY 2017) | •••• | •••• | 198.0% | •••• | Pune, Maharashtra, India |
| Shivvilas Realhome Private Limited | ₹48.1 Cr (FY 2025) | •••• | •••• | 141.0% | •••• | Jaipur, Rajasthan, India |
| Ameya Realcon Private Limited | ₹48.09 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Ahmedabad, Gujarat, India |
| Radhakrishna Infratech Private Limited | ₹48.07 Cr (FY 2025) | •••• | •••• | 32716.0% | •••• | Hooghly, West Bengal, India |
| Southern Gurugram Farms Private Limited | ₹48.06 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Dharan Infra-Epc Limited this company | ₹17.99 Cr (FY 2025) | •••• | •••• | -12.7% | •••• | Nashik, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Dharan Infra-Epc by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited is audited by Sharp Aarth & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sharp Aarth & Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Jagumal Karda | Managing Director | 17 Sep 2007 | 19 Years 0 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 | 5 Years 0 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 7 Months | As last reported |
| Liyakat Mohommad Khan | Cfo | 13 Nov 2019 | 6 Years 10 Months | As last reported |
| Mayura Dinesh Marathe Also directs: Parmeshwar Metal Limited, Danube Industries Limited | Company Secretary | 28 Apr 2016 | 10 Years 5 Months | As last reported |
| Reshma Susan Thomas | Additional Director | 02 Sep 2024 | 2 Years 1 Months | As last reported |
Shareholding Pattern of Dharan Infra-Epc Limited
Shareholding for the quarter ended Sep 2026: promoters hold 0.80%, foreign institutional investors hold 0.40%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 98.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 0.80% | 0.80% | 0.80% | 0.80% |
| Public | 99.20% | 99.20% | 99.20% | 99.20% |
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
Deals & Funding of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has 168 deals on record (167 market trades, 1 ipo); the latest was in June 2026.
Deals on record (5 of 168)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹46.1 Lakh | Buyer: Sahastraa Advisors Private Limited Seller: Sahastraa Advisors Private Limited |
| Jun 2026 | Market trade | ₹88.8 Lakh | Seller: Ishaan Tradefin LLP |
| Jun 2026 | Market trade | ₹42 Lakh | Buyer: Neo Apex Share Broking Services LLP |
| Mar 2026 | Market trade | ₹45 Lakh | Buyer: Devi Traders LLP Seller: Devi Traders LLP |
| Feb 2026 | Market trade | ₹1.31 Cr | Buyer: Ishaan Tradefin LLP Seller: Ishaan Tradefin LLP , an individual |
Full deal history
All 168 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has 90 court cases on record: 5 filed by Dharan Infra-Epc, 70 filed against it, 15 where it is another party. 35 cases are pending and 55 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 74 | 57 | 34 |
| NCLAT | 10 | 10 | 0 |
| High courts | 6 | 3 | 1 |
Cases on record (5 of 90)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by Capri Global Capital Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Metro Polymers Private Limited and 1 other | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Lic Housing Finance Ltd | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by The Canara Bank Limited and 1 other | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Tata Capital Housing Finance Limited | Disposed |
Full case history
All 90 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has 12 MSME Form 1 returns on record between 2018 and 2023, listing 527 overdue payments to 44 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Dharan Infra-Epc Limited
Dharan Infra-Epc operates one associated brand: Karda Construction. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate and infrastructure projects are developed by the company. | kardaconstruction.com |
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 and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Dharan Infra-Epc Limited
Dharan Infra-Epc has undergone 4 name changes throughout its history. The current legal name is Dharan Infra-Epc Limited.
| 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 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 |
News related to Dharan Infra-Epc Limited
Recent Activity on Dharan Infra-Epc Limited
Dharan Infra-Epc Limited has 30 board changes on record since 2007: 19 appointments and 11 cessations. The latest: Reshma Susan Thomas was appointed as Additional Director on 02 Sep 2024.
102 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dharan Infra-Epc Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Dharan Infra-Epc Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Dharan Infra-Epc Limited
Dharan Infra-Epc has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AADCK1887B1ZZ | Goa | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Dharan Infra-Epc Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Dharan Infra-Epc Limited
Dharan Infra-Epc 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 is a company under insolvency, formerly operating as a public limited company based in Nashik, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. 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 reported revenue of ₹17.99 Cr for FY 2024-25 (down 12.7% YoY) based on consolidated financials.
Dharan Infra-Epc has 8 current directors and KMP:
- Naresh Jagumal Karda - Managing Director
- Devesh Naresh Karda - Director
- Sandeep Shah - Director
- Reshma Susan Thomas - Additional Director
- Muthusubramanian Hariharan - Additional Director
- Prachi Aditya Sakpal - Additional Director
- Liyakat Mohommad Khan - Cfo
- Mayura Dinesh Marathe - Company Secretary
The CIN (Corporate Identification Number) of Dharan Infra-Epc 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 is listed on both BSE (code: 541161) and NSE (symbol: KARDA).
Dharan Infra-Epc has open charges of ₹184.75 Cr and satisfied charges of ₹512.6 Cr as per latest MCA filings.
Dharan Infra-Epc has 90 court cases on record: 5 filed by the company and 70 filed against it. 35 are pending. Most are in the district courts.
Dharan Infra-Epc was incorporated on 17 September 2007. It is registered with the Registrar of Companies, Mumbai.
Dharan Infra-Epc has 168 deals on record (167 market trades, 1 ipo); the latest was in June 2026.
The peers of Dharan Infra-Epc by revenue are Kanaujia's Infratech Private Limited, 2Getherments Infra Private Limited, Tankish Infratech Private Limited, S S Buildcon Private Limited, Pune Kondhwa Realty Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Reshma Susan Thomas was appointed as Additional Director on 02 Sep 2024. Sri Ram Pavan Kumar Vemuri ceased to be Additional Director on 02 Sep 2024. Prachi Aditya Sakpal was appointed as Additional Director on 13 Jul 2024. Dharan Infra-Epc has 30 board changes on record in total.