At a Glance
Dalal Street Investments Ltd (DSIL), once a small NBFC, now plays the advisory and consultancy card. In Q1 FY26, the company reported no revenue (yes, ₹0.00), and a loss of ₹0.24 Cr, widening from the previous quarter. Stock trades at ₹421 (-2%) with a market cap of ₹13.5 Cr, making it a microcap curiosity rather than a wealth creator.
Introduction
Picture a company that started in 1977, surrendered its NBFC license in FY18, and decided to pivot to advisory services. Sounds like a phoenix story? Not here. DSIL is more of a pigeon fluttering around Dalal Street, occasionally picking up grains of profit but mostly staring at empty accounts.
Despite its fancy name, the numbers show: the only “investments” delivering returns are the investors’ prayers.
Business Model (WTF Do They Even Do?)
The company:
- Provides advisory/consultancy services in strategy, M&A, capital markets, and digital analytics.
- Has no active lending after surrendering NBFC registration.
- Revenue streams? Currently on life support.
In simple terms: DSIL gives advice on making money but forgets to take its own advice.
Financials Overview
Q1 FY26:
- Revenue: ₹0.00 Cr
- Expenses: ₹0.31 Cr
- Net Profit: -₹0.24 Cr
- OPM: N/A (no sales, no margin)
Annual FY25:
- Revenue: ₹0.55 Cr
- PAT: ₹0.14 Cr
Profitability is patchy, margins swing like a pendulum, and operational losses persist.
Valuation
Calculating fair value here is like valuing an empty wallet.
- P/E: Not meaningful (loss-making).
- Book Value: ₹158; CMP is 2.7× BV.
- DCF: No consistent cash flow to discount.
Fair Value Range: ₹100–₹150. Current ₹421? The market is either drunk or speculating on a miracle.
What’s Cooking – News, Triggers, Drama
- Management Change: CEO re-appointed for 3 years.
- No Business Expansion: Zero signs of new revenue streams.
- Trigger: Only hope is a surprise acquisition or pivot to something profitable.
Balance Sheet
| Assets | ₹ Cr |
|---|---|
| Total Assets | 6.87 |
| Net Worth | 4.97 |
| Borrowings | 1.80 |
| Liabilities | 0.10 |
Comment: Balance sheet is tiny, borrowings low, but reserves eroding.
Cash Flow – Sab Number Game Hai
| Year | Ops | Investing | Financing |
|---|---|---|---|
| FY23 | ₹0.34 Cr | ₹0.07 Cr | -₹3.32 Cr |
| FY24 | ₹0.53 Cr | -₹2.35 Cr | ₹1.86 Cr |
| FY25 | -₹0.25 Cr | ₹1.53 Cr | -₹1.34 Cr |
Remark: Operating cash is negative – classic red flag.
Ratios – Sexy or Stressy?
| Ratio | Value |
|---|---|
| ROE | 2.74% |
| ROCE | 2.65% |
| PAT Margin | Negative |
| P/E | N/A |
| D/E | 0.36 |
Comment: Ratios are about as exciting as a flatline ECG.
P&L Breakdown – Show Me the Money
| Year | Revenue | EBITDA | PAT |
|---|---|---|---|
| FY23 | ₹1.14 Cr | ₹0.07 Cr | ₹0.07 Cr |
| FY24 | ₹0.97 Cr | ₹0.07 Cr | ₹0.12 Cr |
| FY25 | ₹0.55 Cr | -₹0.30 Cr | ₹0.14 Cr |
Revenue is vanishing faster than a magician’s rabbit.
Peer Comparison
| Company | Revenue (₹Cr) | PAT (₹Cr) | P/E |
|---|---|---|---|
| Tata Inv. Corp | 304 | 312 | 109 |
| JSW Holdings | 248 | 196 | 119 |
| Dalal Street Inv. | 0.4 | -0.16 | N/A |
Comment: Among investment companies, DSIL is the kid in the corner eating crayons.
Miscellaneous – Shareholding, Promoters
- Promoters: 74.68%
- Public: 25.32%
Promoter stake is high, but with no dividend or growth, minority shareholders are left hanging.
EduInvesting Verdict™
Dalal Street Investments sounds like it should rule the markets, but in reality, it’s a microcap with no clear growth story. Revenues are negligible, profits inconsistent, and the business model lacks firepower.
SWOT
- Strengths: Clean balance sheet, promoter skin in the game.
- Weaknesses: Revenue collapse, low ROE.
- Opportunities: Pivot to a revenue-generating advisory model.
- Threats: Continuous losses may erode net worth.
Final Word: For now, it’s just a name that reminds investors of Dalal Street – not the riches associated with it.
Written by EduInvesting Team | 29 July 2025SEO Tags: Dalal Street Investments, Q1 FY26 Results, Microcap Stocks, Investment Companies
