Duroply Industries Ltd
Incorporated in 1957, Duroply Industries Ltd
is in the business of Plywood manufacturing[1]
- Market Cap ₹ 106 Cr.
- Current Price ₹ 98.0
- High / Low ₹ 205 / 97.0
- Stock P/E 78.8
- Book Value ₹ 140
- Dividend Yield 0.00 %
- ROCE 7.73 %
- ROE 2.09 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.72 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 2.83% over last 3 years.
- Promoter holding has decreased over last 3 years: -7.84%
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 203 | 182 | 207 | 218 | 228 | 207 | 181 | 191 | 302 | 323 | 372 | 403 | 409 | |
| 197 | 182 | 205 | 214 | 218 | 201 | 182 | 186 | 286 | 311 | 355 | 382 | 388 | |
| Operating Profit | 7 | 0 | 3 | 4 | 10 | 6 | -1 | 5 | 16 | 12 | 17 | 21 | 20 |
| OPM % | 3.4% | 0.1% | 1.4% | 1.8% | 4.4% | 2.9% | -0.7% | 2.5% | 5% | 3.7% | 4.6% | 5% | 5.0% |
| 0 | 0 | 4 | 1 | 1 | 2 | 10 | 2 | 2 | 1 | 2 | 1 | 1 | |
| Interest | 7 | 7 | 7 | 7 | 7 | 8 | 10 | 9 | 7 | 8 | 7 | 9 | 9 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 7 |
| Profit before tax | -2 | -8 | -2 | -5 | 1 | -2 | -5 | -5 | 8 | 1 | 7 | 7 | 6 |
| Tax % | -70% | -32% | 0% | 1% | 22% | 76% | -49% | 40% | 34% | 0% | -13% | 58% | |
| -0 | -6 | -2 | -5 | 1 | -4 | -2 | -6 | 5 | 1 | 8 | 3 | 2 | |
| EPS in Rs | -1.08 | -12.71 | -4.16 | -10.51 | 1.52 | -6.32 | -3.79 | -9.77 | 6.73 | 1.02 | 7.88 | 2.71 | 1.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 17% |
| 3 Years: | 10% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 18% |
| 3 Years: | -16% |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 2% |
| 3 Years: | -19% |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 10 | 10 | 11 |
| Reserves | 15 | 9 | 44 | 73 | 71 | 66 | 64 | 57 | 81 | 117 | 124 | 141 |
| 45 | 52 | 56 | 53 | 49 | 55 | 68 | 59 | 46 | 48 | 60 | 73 | |
| 54 | 49 | 61 | 68 | 80 | 87 | 71 | 82 | 90 | 86 | 99 | 76 | |
| Total Liabilities | 119 | 115 | 165 | 199 | 206 | 214 | 209 | 205 | 225 | 260 | 293 | 302 |
| 14 | 14 | 16 | 103 | 101 | 104 | 98 | 102 | 102 | 103 | 108 | 125 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 |
| Investments | 8 | 8 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 1 | 2 |
| 97 | 93 | 105 | 96 | 105 | 110 | 110 | 102 | 122 | 148 | 180 | 174 | |
| Total Assets | 119 | 115 | 165 | 199 | 206 | 214 | 209 | 205 | 225 | 260 | 293 | 302 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12 | 0 | 1 | 9 | 14 | 6 | -5 | 24 | 2 | -17 | -3 | 2 | |
| -1 | -1 | 1 | -2 | -3 | -2 | 4 | -2 | -2 | -10 | 1 | -17 | |
| -12 | 0 | -3 | -7 | -12 | -2 | -1 | -22 | -0 | 27 | 1 | 15 | |
| Net Cash Flow | -1 | -1 | -0 | -0 | 0 | 1 | -1 | 0 | -0 | 1 | -1 | 0 |
| Free Cash Flow | 11 | -1 | 2 | 7 | 14 | 3 | -0 | 21 | 0 | -18 | -10 | -14 |
| CFO/OP | 180% | 256% | 49% | 225% | 145% | 90% | 395% | 496% | 16% | -140% | -15% | 9% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 43 | 35 | 36 | 38 | 37 | 36 | 38 | 35 | 39 | 47 | 42 |
| Inventory Days | 142 | 173 | 190 | 173 | 179 | 224 | 197 | 195 | 134 | 149 | 165 | 145 |
| Days Payable | 141 | 144 | 153 | 150 | 178 | 210 | 169 | 175 | 119 | 109 | 117 | 72 |
| Cash Conversion Cycle | 55 | 72 | 72 | 59 | 39 | 50 | 64 | 59 | 49 | 79 | 94 | 115 |
| Working Capital Days | -17 | -26 | -29 | -34 | -27 | -41 | -47 | -49 | -2 | 35 | 36 | 40 |
| ROCE % | 8% | -2% | 2% | 2% | 7% | 3% | -2% | 3% | 11% | 6% | 7% | 8% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Contract Manufacturing Revenue Rs. Crore |
|
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| In-house Manufacturing Revenue Rs. Crore |
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| Plywood Volume Sold Million Sq. m. |
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| Duro Brand Revenue Growth (YoY) % |
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| Plant Capacity Utilization % |
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| Carpenters & Contractors Network Count |
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| Duro Retailers Count |
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| Tower Brand Revenue Growth (YoY) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
- India Ratings upgraded Duroply’s long-term rating to IND BBB- and short-term to IND A3.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of the Earning Webinar held on Monday, 17th August 2026 post declaration of Unaudited Financial Results for the quarter ended 30th, June 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings webinar for Q1 FY27 unaudited results held on August 17, 2026.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
- Copy of Presentation on Unaudited Financial Resulted for the quarter ended June 30, 2026.
-
Letter To Shareholders Containing Weblink And Exact Path For Accessing Annual Report And Notice Of 69Th AGM
- Duroply to hold 69th AGM on September 4, 2026; annual report, e-voting dates and KYC update shared.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Concalls
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Aug 2026TranscriptPPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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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