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Dreamfolks Services Ltd

₹ 106-0.80%
07 Jan 9:40 a.m. – close price
🔗dreamfolks.in•BSE: 543591•NSE: DREAMFOLKS
Market Cap₹ 564 Cr.
Current Price₹ 106
High / Low₹ 395
Stock P/E8.24
Book Value₹ 63.9
Dividend Yield0.00 %
ROCE34.9 %
ROE25.6 %
Face Value₹ 2.00
Sales₹ 1,209 Cr.
OPM7.05 %
Mar Cap₹ 564 Cr.

ABOUT

Incorporated on April 24, 2008, DreamFolks Services Ltd is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform.[1]

KEY POINTS

Services Offered[1]Dreamfolks facilitates access to the following airport-related services (i) lounges, (ii) food and beverage (iii) spa & wellness (iv) meet and assist, (v), airport transfer (vi) transit hotels /nap room access, (vii) Golf Games & Lessons (viii) Visa services (ix) E-Sim.Market leader in the airport lounge aggregation industry in India.

Also present in buckets:
Aggressive Growth TriggersRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.GMR Airports103.50–109285.410.0035.0685.743669.9947.076.9212391.8037.22-650.95-48.99–-2.92–
2.Dreamfolks Servi105.958.24564.390.0012.18-28.77205.52-35.1434.901208.707.0568.5112.181.6715.040.01
–Median: 2 Co.104.728.2454924.90.023.6228.481937.755.9620.916800.2522.13-291.22-18.411.676.060.01

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
204305340266321349238281314171282317206
Expenses
178277316249297321204256293151258293193
Operating Profit
26282418242834252120252413
Other Income
1121231141114
Profit before tax
26272518252934252220242316
Tax %
26%25%25%26%26%25%26%26%27%25%25%26%24%
Net Profit
19201813182225181615181712
EPS in Rs
3.633.833.442.473.484.174.853.422.972.843.423.222.29

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1662483671062827731,1351,2921,209
Expenses
1482253221062606741,0401,1991,123
Operating Profit
182345-02399959385
Other Income
0012133913
Interest
001111143
Depreciation
112224444
Profit before tax
172244-02097949492
Net Profit
121532-11673707069
EPS in Rs
24.5932.1566.69-3.053.1113.8913.1413.0812.87
Dividend Payout %
0%0%0%0%0%0%15%0%–

Compounded Profit Growth

10 Years:%
5 Years:17%
3 Years:65%
TTM:-7%

Compounded Sales Growth

10 Years:%
5 Years:29%
3 Years:66%
TTM:-1%

Return on Equity

10 Years:%
5 Years:31%
3 Years:36%
Last Year:26%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:-34%
1 Year:-73%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
55551010111111
Reserves
1429616072146226295330
Borrowings
7239876112
Other Liabilities
4853694978158175187142
Total Liabilities
7489138123169322419504484
Fixed Assets
445391613111414
Gross Block
5.296.459.8843.7122.4223.3024.5525.68–
Accumulated Depreciation
1.532.894.485.156.6910.1813.8811.24–
CWIP
001000000
Investments
000004645922
Other Assets
708613284153263362397468
Total Assets
7489138123169322419504484

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
––226-12502262
Cash from Investing Activity
––0-276-30-15-51
Cash from Financing Activity
––1-2-3-23-8
Net Cash Flow
––23-22-91893

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1246768137117958583
Inventory Days
––––––––
Days Payable
––––––––
Cash Conversion Cycle
1246768137117958583
Working Capital Days
287161147304039
ROCE %
–71%84%-1%25%77%47%35%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
67.00%67.00%66.02%66.02%66.02%66.02%66.02%65.96%65.72%65.72%65.72%65.72%
FIIs
11.50%11.16%11.94%5.65%5.22%5.35%3.88%3.55%2.52%0.98%0.66%0.01%
DIIs
8.67%9.31%8.92%6.12%9.23%8.02%9.30%7.84%7.59%3.49%3.09%0.00%
Public
12.83%12.53%13.13%22.21%19.53%20.61%20.79%22.64%24.16%29.81%30.53%34.27%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

DreamFolks Shareholders Approve Reappointment of Balaji Srinivasan

26th March 2026, 1:46 am

DreamFolks Shareholders Approve Reappointment of Executive Director & CTO

26th March 2026, 1:38 am

Dreamfolks Services Faces ₹7 Crore GST Demand and Penalty, Evaluating Challenge

10th March 2026, 4:23 pm

Corporate Announcements: Multiple Companies Initiate Postal Ballot and E-Voting Processes

24th February 2026, 7:41 pm

DreamFolks Receives GST Show Cause Notice with ₹7.7 Cr Claim; No Immediate Material Impact Expected

24th February 2026, 7:22 pm

Published by Other Websites

External media mentions & references

Market Roars Back: Defense, Aviation Stocks Soar; GRSE Jumps 19%

1st April 2026, 12:12 pm

Aviation Stocks Soar as ATF Hike Clarification Fuels IndiGo, Dreamfolks Rally

1st April 2026, 10:44 am

Oil Slump Fuels Aviation, Renewables; Apple Boosts Redington, Dixon

10th March 2026, 2:47 pm

India's Aviation Soars: GMR Profit Surge, Adani Revenue Jumps, DreamFolks Faces Setback

10th January 2026, 6:09 am

India's Airport King: GMR Soars While Airlines Tumble! Why Investors Are Betting Big on Infrastructure.

1st January 2026, 2:10 pm

News Articles

Editorial & research coverage

India's Aviation Soars: GMR Profit Surge, Adani Revenue Jumps, DreamFolks Faces Setback
India's Aviation Soars: GMR Profit Surge, Adani Revenue Jumps, DreamFolks Faces Setback

10th January 2026, 6:09 am

India's Airport King: GMR Soars While Airlines Tumble! Why Investors Are Betting Big on Infrastructure.
India's Airport King: GMR Soars While Airlines Tumble! Why Investors Are Betting Big on Infrastructure.

1st January 2026, 2:10 pm

DreamFolks: Motilal Oswal Reiterates BUY Despite 41% Revenue Drop, Sees 14% Upside
DreamFolks: Motilal Oswal Reiterates BUY Despite 41% Revenue Drop, Sees 14% Upside

19th November 2025, 12:36 pm

Bulls Roar Back! IT Stocks Explode, Snapping Market's Losing Streak – See Today's Big Movers!
Bulls Roar Back! IT Stocks Explode, Snapping Market's Losing Streak – See Today's Big Movers!

10th November 2025, 4:07 pm

Dreamfolks Q3 Plunges: Revenue Halved, Swings to Deep Net Loss
Dreamfolks Q3 Plunges: Revenue Halved, Swings to Deep Net Loss

Documents

Announcements

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Press Release / Media Release

1 Dec 2025 - DreamFolks acquires 60% stake in Dubai-based Easy to Travel (ETT), announced December 1, 2025.

General Update Regarding Acquisition

1 Dec 2025 - Acquisition of 60.24% of ETT for USD4M (~INR36 crore); subsidiary; completion within 120 business days.

Announcement under Regulation 30 (LODR)-Acquisition

1 Dec 2025 - INR 36 crore (USD 4M) to acquire 60.24% of ETT; ETT to become foreign subsidiary.

Board Meeting Outcome for Outcome Of Board Meeting Held On December 01, 2025.

1 Dec 2025 - Board approved acquisition of 60.24% in ETT for USD4mn (~INR36cr); completion within 120 business days.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Credit Ratings

Rating update

24 Sep 2025 from crisil

Rating update

9 Jul 2025 from crisil

Rating update

20 May 2025 from crisil

Rating update

12 May 2025 from crisil

Rating update

19 Mar 2024 from crisil

Rating update

22 Feb 2024 from crisil

Concalls

Nov 2025

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Feb 2025

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Nov 2024

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Oct 2023

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Sep 2023

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Stock Analysis

Description

  1. Incorporated on April 24, 2008, DreamFolks Services Ltd is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology-driven platform.

Key Growth Triggers

  1. Acquisition of UAE-based ETT Solutions DMCC to drive geographical expansion, client diversification, and technological integration in global markets.
  2. Acquisition of a 50.01% stake in Ten 11 Hospitality LLP to consolidate and strengthen railway lounge service operations.
  3. Strategic pivot towards diversifying services beyond airport lounges into lifestyle categories and expansion of its global lounge network.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Discontinuation of domestic airport lounge services, with a material impact noted.
  2. Recent downgrade in credit rating by CRISIL.
  3. Previous concerns regarding potential material impact from program closures by key clients.

Key Dates To Watch

  1. December 1, 2025: Announcement of ETT Solutions DMCC acquisition.
  2. November 14, 2025: Board approval for Q2/H1 FY26 results and Ten 11 Hospitality LLP acquisition.
  3. September 29, 2025: 17th Annual General Meeting (AGM).
  4. September 16, 2025: Effective date for discontinuation of domestic airport lounge services.

Corporate Announcements

25th Mar 26
Impact Rating: 4
In a postal ballot conducted via remote e-voting, DreamFolks Services Limited shareholders overwhelmingly approved the reappointment of Mr. Balaji Srinivasan as Executive Director and Chief Technology Officer.
25th Mar 26
Impact Rating: 7
DreamFolks Services Limited announced that shareholders have successfully approved the special resolution for the reappointment of Mr. Balaji Srinivasan as Executive Director and Chief Technology Officer, including his remuneration.
10th Mar 26
Impact Rating: 7
Dreamfolks Services Limited has been issued a GST demand order for ₹6.37 crore and a penalty of ₹0.64 crore by the Revenue Bureau of Investigation (South Bengal). The company is currently evaluating its recourse to challenge the order.
24th Feb 26
Impact Rating: -
No description available.
24th Feb 26
Impact Rating: 7
DreamFolks Services Limited has received a GST show cause notice for FY23-24, leading to demands of ₹7.70 crore (₹769.41 lakh) in GST and penalty, though the company expects no immediate material impact.