Dhani Services Limited is an India-based company engaged in the business of digital healthcare and transactional finance services. The company allows its customers to consult with doctors over video calls and order medicines and other healthcare products through the Dhani app. It also provides personal loans and credit cards through its app. The company was founded in 1995 by Sameer Gehlaut as Indiabulls Ventures Limited and was later renamed Dhani Services Limited in October 2020. The headquarters of the company is located in Patel Nagar, New Delhi.
Dhani Services Partly Paid Up shares are available on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the codes DHANIPP and 890145. As of 28 October 2022, the market capitalisation of this company is Rs 2,056 crore.
Recently, Dhani has evolved into a full-fledged e-commerce company. It has added several categories to its portfolio, including men’s and women’s clothing, electronics, groceries, daily essentials, home and kitchen appliances, jewellery, and accessories. Users can also get a Dhani OneFreedom credit card to pay for shopping and bills on the Dhani app. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 246.38 crore but with a net loss of Rs 101.40 crore. The net worth of the company in March 2022 was Rs 5,063 crore.
The company’s management team comprises Mr Sameer Gehlaut (chairman and CEO), Mr Divyesh B Shah (COO and executive director), Mr Pinank Jayant Shah (executive director), Mr Anish Williams (non-executive director), and Mr Sandeep Kadam (non-executive director), among others.
On 28 October 2022, Dhani Services Limited Partly Paid-Up’s share price was Rs 78.70 per share at the NSE and Rs 81.80 per share at the BSE after the market closing. The 52-week low price and 52-week low price of this share are Rs 82.00 and Rs 76.20, respectively. The PB ratio of the company, as of 28 October 2022, is 0.3921. Dhani Services Limited Partly Paid-Up shares have given a one-year return of -32.87%. The top peers of the company include Bajaj Holdings, SBI Cards, HDFC, Bajaj Finance, ASCOM, and JM Financial.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: email@example.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.