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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
When sloan ratio (60.62)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Dhruva Capital Services has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Dhruva Capital Services (BOM:531237) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Dhruva Capital Services has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Dhruva Capital Services Sloan Ratio % Related Terms
Dhruva Capital Services Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:531237 vs V, MA, AXP: Sloan Ratio % Comparison
For the Credit Services subindustry, Dhruva Capital Services's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dhruva Capital Services Sloan Ratio % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Dhruva Capital Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Dhruva Capital Services's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Dhruva Capital Services's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Dhruva Capital Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -5.362 (Jun. 2025 ) + -8.613 (Sep. 2025 ) + 15.294 (Dec. 2025 ) + -8.126 (Mar. 2026 ) = ₹-6.81 Mil.
Dhruva Capital Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = ₹0.00 Mil.
Dhruva Capital Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = ₹0.00 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dhruva Capital Services (BOM:531237) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Dhruva Capital Services and its competitors.
Is Dhruva Capital Services' Sloan Ratio % too high?
Dhruva Capital Services' current Sloan Ratio % is 0.00%. Overall, Dhruva Capital Services has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dhruva Capital Services' Sloan Ratio % compare to V and MA?
Dhruva Capital Services' Sloan Ratio % of 0.00% can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Credit Services company?
A good Sloan Ratio % depends on the Credit Services industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Dhruva Capital Services and its competitors. Dhruva Capital Services's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhruva Capital Services stock overvalued right now?
Based on GuruFocus' analysis, Dhruva Capital Services (BOM:531237) is currently considered Possible Value Trap. The stock's GF Value™ is ₹352.30, compared to a current price of ₹157.60 — trading 55.3% below its estimated fair value. The current Sloan Ratio % is 0.00%. Dhruva Capital Services' overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Dhruva Capital Services (BOM:531237), the current Sloan Ratio % is 0.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dhruva Capital Services (BOM:531237) Overvalued in 2026?
Based on GuruFocus' analysis, Dhruva Capital Services stock appears to be undervalued.
The current stock price of ₹157.60 is trading 55.3% below its estimated GF Value™ of ₹352.30.
GuruFocus considers Dhruva Capital Services to be Possible Value Trap.
Key valuation signals for BOM:531237:
Sloan Ratio %: 0.00%
GF Value™: ₹352.30 vs. price of ₹157.60 (55.3% below fair value)
No single metric tells the full story. See the BOM:531237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dhruva Capital Services Ltd is an Indian Non-Banking Financial Company (NBFC) established in 1994 and headquartered in Udaipur, Rajasthan. The company is registered with the Reserve Bank of India and focuses on investment and financing activities. Its services include business and personal financing, loan against property, commercial vehicle loans, invoice discounting, construction finance, and lease rental discounting. Dhruva Capital serves both individual clients and business owners by offering tailored financial solutions to support business ventures and personal financial needs. Revenue is prominently generated through interest income and fees from its financing operations.
71GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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