Dreamfolks Services

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹12 Cr against ₹314 Cr of shareholders' money (Mar 2026), 0.04 times.
• ResultsLoss-makingLost ₹14 Cr in the Jun 2026 quarter, after a profit a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 66% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 32.3 times its yearly earnings (P/E), cheaper than 57% of the time in the last 4 years. Its usual P/E is about 34.

Exchange filings and their impact on the company.

• 15 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactPositivePrice −0.8% on 16 Oct
  Dreamfolks won GST appeal wiping out Rs 1.49 cr demand plus interest.

  Dreamfolks Services received a favourable order on October 14, 2026 from the CGST Appeals Commissioner in Mumbai setting aside a GST demand from August 2024. The demand was for Rs 1.35 crore plus interest and a Rs 0.14 crore penalty over alleged wrong input tax credit for 2019-20 due to GSTR-3B vs GSTR-2A mismatch. The ruling removes this contingent liability and avoids a cash outflow of about Rs 1.49 crore plus interest, a small positive for earnings.

  Full analysisFiling
• 11 Oct 2026Press ReleaseLow impactPositivePrice +3.4% on 12 Oct
  DreamFolks opens its first owned luxury wilderness club with golf and 37 cottages, a small but strategic diversification.

  DreamFolks Services launched DreamFolks Club Nagavalli Wilderness Estate on October 11, 2026, a members-only private club on the Odisha-Andhra Pradesh border in the Eastern Ghats. Spread over about 30 acres including a 25-acre golf course, it has 37 cottages, a spa, pool, multicuisine restaurant and a 50-75 guest hall. It marks DreamFolks first owned luxury destination beyond its airport lounge network, offering golf, adventure, tribal culture and regional cuisine, with only a small revenue contribution expected in the first year of ramp-up.

  Full analysisFiling
• 10 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactNegativePrice +3.4% on 12 Oct
  Rs 1.58 cr GST tax-plus-penalty notice plus interest is small at 0.3% of sales but ~18% of FY26 profit in worst case.

  Dreamfolks received a GST Demand cum Show Cause Notice on 9 Oct 2026 for FY22 for Rs 78.87 lakh tax plus Rs 78.87 lakh penalty, totalling Rs 1.58 crore plus interest, over input tax credit on invoices from a supplier whose registration was cancelled retrospectively. The company says the supplier had deposited the GST and it sees no immediate material impact and will file a reply. If sustained, the all-in exposure with interest is about Rs 2.2 crore, small versus sales but meaningful versus last year's Rs 12 crore profit.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Liberatha Peter Kallat

Chairman of the Board, Managing Director

Shekhar Sood

Chief Financial Officer

Balaji Srinivasan

Chief Technology Officer, Executive Director

Harshit Gupta

Compliance Officer, Company Secretary