Dhabriya Polywood Ltd

Dhabriya Polywood Ltd

₹ 355 -2.50%
01 Jun - close price
About

Incorporated in 1995, Dhabriya Polywood Ltd manufactures and sells Plastic products and Modular Furniture[1]

Key Points

Business Overview:[1][2]
DPL is a manufacturer & suppliers of Extruded uPVC/PVC (Unplasticized/Rigid Poly Vinyl Chloride) Profiles under brand Polywood, Sheets, Moldings & uPVC Windows & Doors etc. with various designs to suit the complete fabrication requirement of Doors, Windows, Partitions, False Ceilings, Wall Panelling, Pelmet, Kitchen Cabinets & other interior applications. Company has also launched for the first time in India some exquisite products like PVC Fluted Panels, PVC Folding Doors, PVC Designer Doors, PVC Fencing, System Aluminium Windows & Doors, SPC Flooring, PVC foam board, Wood Plastic Composite Panels.

  • Market Cap 384 Cr.
  • Current Price 355
  • High / Low 490 / 280
  • Stock P/E 27.0
  • Book Value 64.0
  • Dividend Yield 0.20 %
  • ROCE 18.0 %
  • ROE 22.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 87.7% CAGR over last 5 years

Cons

  • Stock is trading at 5.55 times its book value
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -6.47%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
26.64 23.36 31.53 27.43 30.45 27.99 35.02 33.31 33.94 34.42 37.21 36.40 39.81
23.28 20.18 27.99 23.78 25.92 24.32 30.18 27.98 28.46 28.79 29.97 29.59 31.43
Operating Profit 3.36 3.18 3.54 3.65 4.53 3.67 4.84 5.33 5.48 5.63 7.24 6.81 8.38
OPM % 12.61% 13.61% 11.23% 13.31% 14.88% 13.11% 13.82% 16.00% 16.15% 16.36% 19.46% 18.71% 21.05%
0.08 0.03 0.11 0.56 0.13 0.05 0.08 0.54 0.09 0.09 0.13 0.76 0.14
Interest 0.95 1.20 1.16 1.13 1.27 1.11 1.20 1.15 1.15 1.13 1.13 1.03 1.02
Depreciation 0.70 0.85 1.03 1.19 1.12 1.07 1.17 1.39 1.60 1.39 1.60 1.46 1.69
Profit before tax 1.79 1.16 1.46 1.89 2.27 1.54 2.55 3.33 2.82 3.20 4.64 5.08 5.81
Tax % 29.61% 20.69% 27.40% 20.11% 33.48% 27.92% 28.24% 24.92% 21.99% 27.50% 19.18% 23.03% 27.37%
1.27 0.93 1.06 1.50 1.52 1.11 1.84 2.50 2.20 2.32 3.74 3.92 4.23
EPS in Rs 1.17 0.86 0.98 1.39 1.40 1.03 1.70 2.31 2.03 2.14 3.46 3.62 3.91
Raw PDF

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
65 62 72 78 74 60 55 74 88 113 130 148
56 52 61 66 64 52 49 67 78 98 111 120
Operating Profit 9 10 12 12 10 8 6 7 10 15 19 28
OPM % 14% 16% 16% 16% 14% 14% 12% 9% 11% 13% 15% 19%
0 0 0 0 0 -0 0 0 0 1 1 1
Interest 3 3 4 4 4 3 3 3 3 5 5 4
Depreciation 2 2 3 3 3 3 2 2 2 4 5 6
Profit before tax 4 5 6 6 4 2 1 1 4 7 10 19
Tax % 35% 35% 35% 33% 30% 33% 40% 22% 24% 26% 25% 24%
3 3 4 4 3 1 1 1 3 5 8 14
EPS in Rs 2.71 3.17 3.53 3.71 2.69 1.34 0.56 0.92 2.82 4.63 7.07 13.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 18% 11% 10% 1%
Compounded Sales Growth
10 Years: 9%
5 Years: 22%
3 Years: 19%
TTM: 14%
Compounded Profit Growth
10 Years: 17%
5 Years: 88%
3 Years: 67%
TTM: 86%
Stock Price CAGR
10 Years: 21%
5 Years: 39%
3 Years: 32%
1 Year: -2%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 17%
Last Year: 23%

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 8 10 11 11 11 11 11 11 11 11 11 11
Reserves 11 12 17 24 27 28 29 30 33 38 45 58
26 34 37 36 36 34 42 45 51 50 51 80
14 10 15 14 15 15 10 12 13 19 26 15
Total Liabilities 60 66 79 85 89 89 92 99 108 118 132 164
23 31 35 35 37 34 34 36 46 52 56 65
CWIP 0 0 0 0 0 3 6 7 0 0 0 6
Investments 2 2 2 5 5 5 5 5 5 5 5 5
34 33 42 45 47 47 47 52 57 60 72 88
Total Assets 60 66 79 85 89 89 92 99 108 118 132 164

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
5 5 7 7 9 8 0 6 4 16 12
-4 -10 -6 -3 -4 -4 -5 -4 -6 -11 -8
0 4 -1 -4 -4 -5 5 -0 2 -6 -5
Net Cash Flow 0 -0 1 -0 0 -0 -0 1 0 -0 0
Free Cash Flow 0 -6 1 4 4 5 -5 1 -2 5 4
CFO/OP 59% 56% 65% 61% 98% 109% 10% 90% 49% 114% 71%

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 93 99 104 92 87 100 99 71 65 60 61 57
Inventory Days 127 132 138 175 194 249 314 245 243 201 225 276
Days Payable 53 30 56 56 78 88 49 53 45 48 38 1
Cash Conversion Cycle 168 201 186 212 204 262 364 262 263 213 248 332
Working Capital Days 13 29 29 38 47 57 92 57 68 44 52 73
ROCE % 17% 15% 15% 14% 11% 8% 6% 6% 8% 12% 14% 18%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Segment Revenue - Modular Furniture (Dynasty)
INR Lakhs

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Segment Revenue - PVC Profiles (Polywood)
INR Lakhs
Number of Dealers/Distributors
Number
Installed Capacity - PVC Profile Extrusion
Metric Tons Per Annum
Installed Capacity - uPVC Windows & Doors Fabrication
Lakh Square Feet Per Annum
Unexecuted Order Book
INR Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.22% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75% 67.75%
1.53% 0.00% 0.00% 0.05% 0.00% 0.00% 0.00% 1.47% 1.51% 1.51% 1.51% 1.51%
0.00% 0.53% 0.63% 0.63% 0.52% 0.00% 0.00% 0.37% 0.37% 0.37% 0.37% 0.37%
24.25% 31.71% 31.62% 31.57% 31.71% 32.24% 32.24% 30.40% 30.37% 30.38% 30.37% 30.37%
No. of Shareholders 1,5782,7134,2354,7335,5747,3857,7707,3537,4867,5477,4177,235

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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