Darjeeling Ropeway Company Ltd

DARJEELING

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Market Cap

₹ 19 Cr

P/E

185.57

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Darjeeling Ropeway Company Limited, established in 1936, operates primarily in real estate activities on a works contract basis.

The company underwent significant ownership changes in 2018 when Mr. Himanshu Shah acquired and became the promoter, shifting existing holdings to public hands.

The management team, led by Mr. Shah, brings substantial experience in construction, particularly in Gujarat, indicating a strong regional focus.

The shift in leadership suggests potential strategic reorientation, possibly expanding beyond traditional areas in real estate activities.

Despite the historical focus on ropeways, the company now primarily drives its business through real estate contracts, indicating a pivot in operational strategy.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

19 Cr

Volatility

Low Risk

P/E Ratio

185.6

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

2.3

52W High

75.47

52W Low

24.01

Sales CAGR

—

35.04%

10Y

-3.59%

Profit CAGR

-575.00%

—

10Y

—

ROE

TTM

1.23%

-2.11%

-1.15%

10Y

2.84%

ROCE

TTM

3.04%

-1.57%

0.18%

10Y

4.35%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
OLYMPTX	32.40	19 Cr	11.76	0.44	0.00	3.01	7.41	1.16
PALMJEWELS	19.06	19 Cr	31.77	1.20	0.00	3.81	5.65	2.68
ALFAVIO	6.05	19 Cr	—	0.47	0.00	-5.00	1.27	-0.27
KISAAN	22.90	19 Cr	7.83	2.43	0.00	31.11	40.56	27.53
DARJEELING	38.97	19 Cr	185.57	2.26	0.00	1.23	3.04	0.79
SCARNOSE	59.90	19 Cr	98.20	1.94	0.00	2.33	3.11	2.32
SAMYAKINT	23.00	18 Cr	—	0.35	0.00	-2.94	2.53	0.17

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.91	0.00	0.00	0.00	0.00	1.80
Expenses	0.00	0.01	0.00	0.02	0.49	0.10	0.05	0.51	0.15	0.77
Operating Profit	0.00	-0.01	0.00	-0.02	0.42	-0.10	-0.05	-0.51	-0.15	1.03
OPM %	—	—	—	—	46.15	—	—	—	—	57.22
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.03
Profit Before Tax	-0.02	-0.01	0.00	-0.02	0.42	-0.10	-0.05	-0.52	-0.18	1.00
Tax %	0.00	0.00	—	0.00	26.19	0.00	0.00	19.23	0.00	25.00
Net Profit	-0.01	-0.01	0.00	-0.02	0.31	-0.10	-0.05	-0.42	-0.17	0.75
EPS in Rs	-0.03	-0.03	0.00	-0.03	0.64	-0.21	-0.11	-0.87	-0.36	1.55

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.11	4.74	0.20	0.00	0.00	0.00	0.00	0.91	0.00
Expenses	0.11	0.30	4.46	0.29	0.06	0.09	0.07	0.04	1.16	0.81
Operating Profit	-0.11	-0.19	0.28	-0.09	-0.06	-0.09	-0.07	-0.04	-0.25	-0.81
OPM %	—	-166.55	5.88	-45.19	—	—	—	—	-27.24	—
Other Income	0.48	0.91	0.98	0.08	0.26	0.28	0.07	0.00	0.00	NaN
Interest	0.00	0.02	0.02	0.00	0.18	0.14	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.02	0.02	0.02	0.00	0.00	0.01	0.04
Profit Before Tax	0.37	0.69	1.23	-0.03	-0.00	0.03	-0.00	-0.04	-0.26	-0.85
Tax %	18.94	21.80	28.89	-0.36	-47.22	-2.04	-400.00	-0.49	-3.13	12.94
Net Profit	0.30	0.54	0.88	-0.03	-0.01	0.04	-0.00	-0.04	-0.27	-0.74
EPS in Rs	0.60	1.13	1.80	-0.06	-0.01	0.09	0.01	-0.09	-0.55	0.21
Dividend Payout %	0.00	0.00	8.68	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.05	3.05	3.05	3.05	3.05	3.05	3.05	3.05	3.05	3.05
Reserves	0.22	0.51	1.06	1.84	1.81	1.81	1.84	1.84	1.98	1.73
Borrowings	0.00	0.00	0.17	0.64	1.82	1.62	1.57	0.18	4.18	1.26
Other Liabilities	0.00	0.66	0.17	5.31	0.55	0.56	0.46	0.35	0.18	6.25
Total Liabilities	3.27	4.22	4.44	11	7.24	7.04	6.92	5.42	9.39	12
Fixed Assets	0.00	0.00	0.00	0.05	0.04	0.02	0.00	0.00	0.00	0.56
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.65	1.31	0.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.62	2.92	3.86	11	7.20	7.02	6.92	5.42	9.39	12
Total Assets	3.27	4.22	4.44	11	7.24	7.04	6.92	5.42	9.39	12

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.56	0.20	1.68	-0.32	0.70	-0.19	-0.32	-0.18	-0.05	12
Cash from Investing Activity	-0.06	-0.46	1.59	0.53	-0.00	0.00	0.00	0.00	-4.96	-7.85
Cash from Financing Activity	-0.11	0.35	-3.09	-0.43	-0.79	0.26	0.32	1.18	4.02	-2.92
Net Cash Flow	-0.72	0.09	0.17	-0.22	-0.09	0.07	-0.00	1.00	-0.99	1.32

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Oct 2025
Promoters	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	8.29%	5.21%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.28%	3.28%	2.62%	2.62%	1.31%	0.82%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	91.71%	91.71%	91.71%	91.71%	91.71%	91.71%	88.43%	88.43%	89.09%	89.09%	90.40%	93.96%
Total Shareholders	3,074	3,074	3,074	3,074	3,120	3,122	2,975	2,963	3,004	2,996	2,945	2,948

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 17, 2025	Hemant naresh jain huf	Bulk	Buy	55.76	0.28 Cr	49,786	1.02
Nov 17, 2025	Kalpalabdhi securities privat...	Bulk	Sell	55.76	0.28 Cr	49,711	1.02
Sep 10, 2025	Shruti poddar	Bulk	Buy	58.02	0.12 Cr	20,000	0.65
Sep 09, 2025	Bhaskara harinath preetham	Bulk	Buy	55.25	0.10 Cr	17,700	0.58
Sep 09, 2025	Vandana agarwala	Bulk	Buy	55.06	0.28 Cr	51,000	1.67
Sep 02, 2025	Shashikant bhaskarrao lokare	Bulk	Buy	60.45	0.10 Cr	15,800	0.51
Aug 25, 2025	Nightingale growth	Bulk	Buy	62.35	0.12 Cr	20,000	0.65
Aug 25, 2025	Vandana sandeep mehta	Bulk	Buy	60.13	0.12 Cr	20,000	0.65
Jun 27, 2025	Meru investment fund pcc- cell 1	Bulk	Sell	32.85	0.07 Cr	20,000	0.65
Jun 06, 2025	Meru investment fund pcc- cell 1	Bulk	Sell	32.78	0.06 Cr	17,000	0.55

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Preferential Allotment

6 days ago

Trading Approval for Preferential Allotment Received

Darjeeling Ropeway Company Limited has received trading approval from BSE for the preferential allotment of 1.8 million fully paid-up equity shares following the conversion of warrants.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

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Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Bullish

Overall

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Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.91	0.00	0.00	0.00	0.00	1.80
Expenses	0.00	0.01	0.00	0.02	0.49	0.10	0.05	0.51	0.15	0.77
Operating Profit	0.00	-0.01	0.00	-0.02	0.42	-0.10	-0.05	-0.51	-0.15	1.03
OPM %	—	—	—	—	46.15	—	—	—	—	57.22
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.03
Profit Before Tax	-0.02	-0.01	0.00	-0.02	0.42	-0.10	-0.05	-0.52	-0.18	1.00
Tax %	0.00	0.00	—	0.00	26.19	0.00	0.00	19.23	0.00	25.00
Net Profit	-0.01	-0.01	0.00	-0.02	0.31	-0.10	-0.05	-0.42	-0.17	0.75
EPS in Rs	-0.03	-0.03	0.00	-0.03	0.64	-0.21	-0.11	-0.87	-0.36	1.55

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.11	4.74	0.20	0.00	0.00	0.00	0.00	0.91	0.00
Expenses	0.11	0.30	4.46	0.29	0.06	0.09	0.07	0.04	1.16	0.81
Operating Profit	-0.11	-0.19	0.28	-0.09	-0.06	-0.09	-0.07	-0.04	-0.25	-0.81
OPM %	—	-166.55	5.88	-45.19	—	—	—	—	-27.24	—
Other Income	0.48	0.91	0.98	0.08	0.26	0.28	0.07	0.00	0.00	NaN
Interest	0.00	0.02	0.02	0.00	0.18	0.14	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.02	0.02	0.02	0.00	0.00	0.01	0.04
Profit Before Tax	0.37	0.69	1.23	-0.03	-0.00	0.03	-0.00	-0.04	-0.26	-0.85
Tax %	18.94	21.80	28.89	-0.36	-47.22	-2.04	-400.00	-0.49	-3.13	12.94
Net Profit	0.30	0.54	0.88	-0.03	-0.01	0.04	-0.00	-0.04	-0.27	-0.74
EPS in Rs	0.60	1.13	1.80	-0.06	-0.01	0.09	0.01	-0.09	-0.55	0.21
Dividend Payout %	0.00	0.00	8.68	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.05	3.05	3.05	3.05	3.05	3.05	3.05	3.05	3.05	3.05
Reserves	0.22	0.51	1.06	1.84	1.81	1.81	1.84	1.84	1.98	1.73
Borrowings	0.00	0.00	0.17	0.64	1.82	1.62	1.57	0.18	4.18	1.26
Other Liabilities	0.00	0.66	0.17	5.31	0.55	0.56	0.46	0.35	0.18	6.25
Total Liabilities	3.27	4.22	4.44	11	7.24	7.04	6.92	5.42	9.39	12
Fixed Assets	0.00	0.00	0.00	0.05	0.04	0.02	0.00	0.00	0.00	0.56
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.65	1.31	0.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.62	2.92	3.86	11	7.20	7.02	6.92	5.42	9.39	12
Total Assets	3.27	4.22	4.44	11	7.24	7.04	6.92	5.42	9.39	12

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.56	0.20	1.68	-0.32	0.70	-0.19	-0.32	-0.18	-0.05	12
Cash from Investing Activity	-0.06	-0.46	1.59	0.53	-0.00	0.00	0.00	0.00	-4.96	-7.85
Cash from Financing Activity	-0.11	0.35	-3.09	-0.43	-0.79	0.26	0.32	1.18	4.02	-2.92
Net Cash Flow	-0.72	0.09	0.17	-0.22	-0.09	0.07	-0.00	1.00	-0.99	1.32

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
OLYMPTX	32.40	19 Cr	11.76	0.44	0.00	3.01	7.41	1.16
PALMJEWELS	19.06	19 Cr	31.77	1.20	0.00	3.81	5.65	2.68
ALFAVIO	6.05	19 Cr	—	0.47	0.00	-5.00	1.27	-0.27
KISAAN	22.90	19 Cr	7.83	2.43	0.00	31.11	40.56	27.53
DARJEELING	38.97	19 Cr	185.57	2.26	0.00	1.23	3.04	0.79
SCARNOSE	59.90	19 Cr	98.20	1.94	0.00	2.33	3.11	2.32
SAMYAKINT	23.00	18 Cr	—	0.35	0.00	-2.94	2.53	0.17

Overview

Detailed Summary

Darjeeling Ropeway Company Limited, established in 1936, operates primarily in real estate activities on a works contract basis.

The company underwent significant ownership changes in 2018 when Mr. Himanshu Shah acquired and became the promoter, shifting existing holdings to public hands.

The management team, led by Mr. Shah, brings substantial experience in construction, particularly in Gujarat, indicating a strong regional focus.

The shift in leadership suggests potential strategic reorientation, possibly expanding beyond traditional areas in real estate activities.

Despite the historical focus on ropeways, the company now primarily drives its business through real estate contracts, indicating a pivot in operational strategy.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

19 Cr

Volatility

Low Risk

P/E Ratio

185.6

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

2.3

52W High

75.47

52W Low

24.01

Sales CAGR

—

35.04%

10Y

-3.59%

Profit CAGR

-575.00%

—

10Y

—

ROE

TTM

1.23%

-2.11%

-1.15%

10Y

2.84%

ROCE

TTM

3.04%

-1.57%

0.18%

10Y

4.35%