About Dhrol Bhadra Highways Limited
Data last updated:
Dhrol Bhadra Highways Limited is a public limited company based in Bhopal, Madhya Pradesh, India, a subsidiary of Dilip Buildcon Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 29 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45400MP2020PLC054328. Its GSTIN is 24AAICD2306F1Z6 (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27.73 Lakh. It was formerly known as Dhrol Bhadra Highways Private Limited. It is led by directors including Pooja Maheshwari and Anshika Singh.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 5 Inside Govind Narayan Singh Gate Chuna Bhatti Kolar Road, Bhopal, Madhya Pradesh, India – 462016.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.63 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net profit of ₹59.67 Cr (net margin 67.3%) and EBITDA of ₹75.26 Cr (EBITDA margin 84.9%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
The company has about 611 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹233 Cr and satisfied charges of ₹728 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dilipbuildcon.com.
Company details
CIN history
Dhrol Bhadra Highways has one previous CIN (Corporate Identification Number): U45400MP2020PTC054328. The current CIN is U45400MP2020PLC054328, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400MP2020PLC054328 | Current |
| U45400MP2020PTC054328 | Previous |
Contact details
Dhrol Bhadra Highways Limited's registered office is in Bhopal, Madhya Pradesh. Its website is dilipbuildcon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 5 Inside Govind Narayan Singh Gate Chuna Bhatti Kolar Road, Bhopal, Madhya Pradesh, India – 462016
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Dhrol Bhadra Highways Limited, buy the company report.
- 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
Business activity
The main business activity of Dhrol Bhadra Highways is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Dhrol Bhadra Highways Limited, buy the company report.
Financials of Dhrol Bhadra Highways Limited
FY 2025 filings availableDhrol Bhadra Highways Limited reported revenue of ₹88.63 Cr (down 76% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over three years, including a 76% fall in the latest year. EBITDA rose 221% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.67 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 84.9% | ||||
| Net Profit Margin | 67.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Dhrol Bhadra Highways Limited, buy the company report.
Board of directors of Dhrol Bhadra Highways Limited
Dhrol Bhadra Highways has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pooja Maheshwari Also directs: Viluppuram Highways Limited, Dodaballapur Hoskote Highways Limited, Bangalore Malur Highways Limited and 5 more | Director | 05 Nov 2022 | 3 Years 11 Months | Current |
| Anshika Singh Also directs: Narenpur Purnea Highways Limited, Malur Bangarpet Highways Limited, Repallewada Highways Limited and 5 more | Director | 05 Nov 2022 | 3 Years 11 Months | Current |
| Paras Modi Also directs: Viluppuram Highways Limited, Dodaballapur Hoskote Highways Limited, Narenpur Purnea Highways Limited and 5 more | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
| Ravi Jagdishbhai Thakkar Also directs: Viluppuram Highways Limited, Dodaballapur Hoskote Highways Limited, Narenpur Purnea Highways Limited and 3 more | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
| Amber Gupta | Director | 06 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Dhrol Bhadra Highways Limited is compared with the 8 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vishal Infraglobal Private Limited | ₹89.38 Cr (FY 2016) | -48.0% | Mehsana, Gujarat, India | |||
| Jitendrasingh Infrastructure Private Limited | ₹88.8 Cr (FY 2023) | -29.0% | Pune, Maharashtra, India | |||
| Jharkhand Infrastructure Implementation Co Limited | ₹88.7 Cr (FY 2025) | -1.0% | Ranchi, Jharkhand, India | |||
| Dhrol Bhadra Highways Limitedthis company | ₹88.63 Cr (FY 2025) | ₹59.67 Cr | 67.3% | -76.0% | 611 | Bhopal, Madhya Pradesh, India |
| RCCL Expressway Private Limited | ₹88.58 Cr (FY 2025) | -8.0% | Erode, Tamil Nadu, India | |||
| Tejas Superstructures Private Limited | ₹88.23 Cr (FY 2024) | 5.0% | Osmanabad, Maharashtra, India | |||
| Montecarlo Sinnar Shirdi Highway Private Limited | ₹88.14 Cr (FY 2025) | -46.0% | Ahmedabad, Gujarat, India | |||
| DBL Mahagaon Yavatmal Highways Private Limited | ₹87.7 Cr (FY 2025) | -20.0% | Mumbai, Maharashtra, India | |||
| Neelambur Madukkarai Tollway Private Limited | ₹87.7 Cr (FY 2024) | 8.0% | Sriperumbudur, Tamil Nadu, India |
To see the full peer comparison of Dhrol Bhadra Highways Limited, buy the company report.
Auditor
Dhrol Bhadra Highways Limited is audited by S.L. Chhajed & Co. LLP. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.L. Chhajed & Co. LLP. | FY 2023 | 000709C/ C400277 |
Shareholding
The shareholding of Dhrol Bhadra Highways Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Dhrol Bhadra Highways Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2025 | 101180711 | Others | ₹233 Cr | Open | |
| 01 Feb 2024 | 100877767 | Sbicap Trustee Company Limited | ₹429 Cr | Satisfied | |
| 07 Aug 2021 | 100470446 | Others | ₹299 Cr | Satisfied |
To see the full charge records of Dhrol Bhadra Highways Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Dhrol Bhadra Highways Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Dhrol Bhadra Highways Limited was last rated by Care on 11 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Aug 2021 |
To see the full credit ratings and regulatory alerts of Dhrol Bhadra Highways Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhrol Bhadra Highways Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dhrol Bhadra Highways has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Dhrol Bhadra Highways Limited has a workforce of 611 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Dhrol Bhadra Highways has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICD2306F1Z6 | Gujarat | Active | 19 Apr 2021 |
To see the full GST registrations and return filing status of Dhrol Bhadra Highways Limited, buy the company report.
Recent activity
Dhrol Bhadra Highways Limited has 13 board changes on record since 2020: 9 appointments and 4 cessations. The latest: Amit Goswami ceased to be Director on 28 Nov 2025.
9 earlier events are in the company report.
Frequently asked questions
Dhrol Bhadra Highways is an active public limited company based in Bhopal, Madhya Pradesh, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 29 December 2020 (6+ years old) and is registered under CIN U45400MP2020PLC054328.
Dhrol Bhadra Highways has 5 current directors:
- Pooja Maheshwari - Director
- Anshika Singh - Director
- Paras Modi - Additional Director
- Ravi Jagdishbhai Thakkar - Additional Director
- Amber Gupta - Director
The latest financial statements of Dhrol Bhadra Highways on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Dhrol Bhadra Highways is 24AAICD2306F1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Dhrol Bhadra Highways is U45400MP2020PLC054328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhrol Bhadra Highways was incorporated on 29 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Dhrol Bhadra Highways by revenue are Vishal Infraglobal Private Limited, Jitendrasingh Infrastructure Private Limited, Jharkhand Infrastructure Implementation Co Limited, RCCL Expressway Private Limited, Tejas Superstructures Private Limited and 3 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Amit Goswami ceased to be Director on 28 Nov 2025. Bharat Singh ceased to be Director on 28 Nov 2025. Pradeep Suryavanshi ceased to be Director on 28 Nov 2025. Dhrol Bhadra Highways has 13 board changes on record in total.
Dhrol Bhadra Highways can be reached through the website dilipbuildcon.com. Its registered office is in Bhopal, Madhya Pradesh, India.
The registered office of Dhrol Bhadra Highways is at Plot No. 5 Inside Govind Narayan Singh Gate Chuna Bhatti Kolar Road, Bhopal, Madhya Pradesh, India – 462016.
Dhrol Bhadra Highways operates in the infrastructure and utilities industry, in the road and bridge construction segment.