Duroply Industries Ltd
Incorporated in 1957, Duroply Industries Ltd
is in the business of Plywood manufacturing[1]
- Market Cap ₹ 182 Cr.
- Current Price ₹ 167
- High / Low ₹ 270 / 150
- Stock P/E 25.8
- Book Value ₹ 140
- Dividend Yield 0.00 %
- ROCE 7.23 %
- ROE 5.22 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.19 times its book value
- Company has delivered good profit growth of 26.1% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.03%
- Tax rate seems low
- Company has a low return on equity of 4.08% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 183 | 203 | 182 | 207 | 218 | 228 | 207 | 181 | 191 | 302 | 323 | 372 | 394 | |
| 185 | 197 | 182 | 205 | 214 | 218 | 201 | 182 | 186 | 286 | 311 | 355 | 374 | |
| Operating Profit | -2 | 7 | 0 | 3 | 4 | 10 | 6 | -1 | 5 | 16 | 12 | 17 | 21 |
| OPM % | -1% | 3% | 0% | 1% | 2% | 4% | 3% | -1% | 3% | 5% | 4% | 5% | 5% |
| 0 | 0 | 0 | 4 | 1 | 1 | 2 | 10 | 2 | 2 | 1 | 2 | 2 | |
| Interest | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 10 | 9 | 7 | 8 | 7 | 8 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 | 5 |
| Profit before tax | -10 | -2 | -8 | -2 | -5 | 1 | -2 | -5 | -5 | 8 | 1 | 7 | 9 |
| Tax % | -38% | -70% | -32% | 0% | 1% | 22% | 76% | -49% | 40% | 34% | 0% | -13% | |
| -6 | -0 | -6 | -2 | -5 | 1 | -4 | -2 | -6 | 5 | 1 | 8 | 8 | |
| EPS in Rs | -14.32 | -1.08 | -12.71 | -4.16 | -10.51 | 1.52 | -6.32 | -3.79 | -9.77 | 6.73 | 1.02 | 7.88 | 7.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 12% |
| 3 Years: | 25% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 26% |
| 3 Years: | 46% |
| TTM: | 142% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 30% |
| 3 Years: | -2% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -1% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 10 | 10 | 11 |
| Reserves | 16 | 15 | 9 | 44 | 73 | 71 | 66 | 64 | 57 | 81 | 117 | 124 | 141 |
| 51 | 45 | 52 | 56 | 53 | 49 | 55 | 68 | 59 | 46 | 48 | 60 | 79 | |
| 51 | 54 | 49 | 61 | 68 | 80 | 87 | 71 | 82 | 90 | 86 | 99 | 100 | |
| Total Liabilities | 122 | 119 | 115 | 165 | 199 | 206 | 214 | 209 | 205 | 225 | 260 | 293 | 332 |
| 15 | 14 | 14 | 16 | 103 | 101 | 104 | 98 | 102 | 102 | 103 | 108 | 117 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 1 |
| Investments | 8 | 8 | 8 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 1 | 1 |
| 99 | 97 | 93 | 105 | 96 | 105 | 110 | 110 | 102 | 122 | 148 | 180 | 213 | |
| Total Assets | 122 | 119 | 115 | 165 | 199 | 206 | 214 | 209 | 205 | 225 | 260 | 293 | 332 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 12 | 0 | 1 | 9 | 14 | 6 | -5 | 24 | 2 | -17 | -3 | |
| -1 | -1 | -1 | 1 | -2 | -3 | -2 | 4 | -2 | -2 | -10 | 1 | |
| 2 | -12 | 0 | -3 | -7 | -12 | -2 | -1 | -22 | -0 | 27 | 1 | |
| Net Cash Flow | -0 | -1 | -1 | -0 | -0 | 0 | 1 | -1 | 0 | -0 | 1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 53 | 43 | 35 | 36 | 38 | 37 | 36 | 38 | 35 | 39 | 47 |
| Inventory Days | 170 | 142 | 173 | 190 | 173 | 179 | 224 | 197 | 195 | 134 | 149 | 165 |
| Days Payable | 143 | 141 | 144 | 153 | 150 | 178 | 210 | 169 | 175 | 119 | 109 | 117 |
| Cash Conversion Cycle | 82 | 55 | 72 | 72 | 59 | 39 | 50 | 64 | 59 | 49 | 79 | 94 |
| Working Capital Days | -16 | -17 | -26 | -29 | -34 | -27 | -41 | -47 | -49 | -2 | 35 | 36 |
| ROCE % | -5% | 8% | -2% | 2% | 2% | 7% | 3% | -2% | 3% | 11% | 6% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Nov - Nov 25, 2025: Duro Design Disruptors wins Archiboo Award (Best Podcast) in London.
-
Announcement Under Regulation 30 (LODR)-Earnings Call Transcript
19 Nov - Q2 FY26: Revenue Rs104.4cr, PBT Rs2.67cr, 15% YoY growth; webinar transcript.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Nov - Audio of Duroply's Nov 17, 2025 earnings webinar for Q2/H1 FY26 results posted online.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Newspaper Publications in respect of Unaudited Financial Results for the Quarter and Half year ended 30th September, 2025.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
14 Nov - Copy of Presentation on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2025.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptPPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023TranscriptAI SummaryPPT
Business Overview:[1][2]
DIL used to be in the business of Tea Chest manufacturing. It had 2 segments of operations viz. processing of tea and manufacturing of plywood, of which it hived off its tea business via slump sale to focus on its plywood business. Currently, it delivers plywood and allied products to diverse residential, commercial and institutional clients in India from over 20 offices