Dhabriya Polywood Ltd
Incorporated in 1995, Dhabriya Polywood Ltd manufactures and sells Plastic products and Modular Furniture[1]
- Market Cap ₹ 376 Cr.
- Current Price ₹ 347
- High / Low ₹ 490 / 280
- Stock P/E 13.8
- Book Value ₹ 105
- Dividend Yield 0.21 %
- ROCE 20.4 %
- ROE 19.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 30.8% CAGR over last 5 years
Cons
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 72 | 69 | 94 | 131 | 121 | 112 | 106 | 134 | 171 | 211 | 235 | 258 | |
| 59 | 62 | 58 | 80 | 113 | 105 | 97 | 93 | 120 | 153 | 180 | 197 | 208 | |
| Operating Profit | 8 | 10 | 11 | 15 | 18 | 16 | 15 | 13 | 14 | 18 | 31 | 38 | 50 |
| OPM % | 12% | 14% | 15% | 15% | 14% | 13% | 13% | 13% | 10% | 11% | 15% | 16% | 19% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 2 | 3 | 3 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 | 5 |
| Depreciation | 1 | 2 | 2 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 7 | 9 | 9 |
| Profit before tax | 4 | 5 | 6 | 8 | 10 | 8 | 6 | 6 | 7 | 11 | 20 | 25 | 36 |
| Tax % | 34% | 34% | 34% | 34% | 30% | 29% | 29% | 28% | 25% | 22% | 28% | 27% | |
| 3 | 3 | 4 | 5 | 7 | 6 | 4 | 4 | 5 | 8 | 14 | 18 | 27 | |
| EPS in Rs | 7.50 | 3.30 | 3.52 | 4.68 | 6.33 | 5.14 | 4.07 | 4.13 | 4.70 | 7.84 | 13.01 | 16.66 | 25.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% | 5% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 21% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 31% |
| 3 Years: | 52% |
| TTM: | 63% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 48% |
| 3 Years: | 36% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 15% |
| 3 Years: | 18% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 3 | 8 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 11 | 12 | 13 | 20 | 30 | 35 | 40 | 44 | 49 | 58 | 71 | 89 | 103 |
| 27 | 26 | 34 | 41 | 44 | 47 | 44 | 49 | 54 | 57 | 53 | 53 | 55 | |
| 13 | 17 | 14 | 20 | 22 | 21 | 20 | 14 | 16 | 19 | 29 | 28 | 30 | |
| Total Liabilities | 53 | 64 | 71 | 92 | 107 | 115 | 115 | 117 | 130 | 145 | 165 | 181 | 199 |
| 21 | 23 | 31 | 39 | 42 | 44 | 42 | 43 | 45 | 63 | 71 | 79 | 84 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 8 | 0 | 5 | 0 | 0 |
| Investments | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 30 | 38 | 38 | 53 | 64 | 71 | 70 | 68 | 76 | 83 | 88 | 102 | 115 | |
| Total Assets | 53 | 64 | 71 | 92 | 107 | 115 | 115 | 117 | 130 | 145 | 165 | 181 | 199 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 5 | 5 | 7 | 10 | 8 | 12 | 8 | 10 | 14 | 32 | 17 | |
| -10 | -4 | -10 | -7 | -5 | -5 | -4 | -8 | -7 | -13 | -20 | -12 | |
| 8 | 0 | 4 | 0 | -6 | -2 | -8 | 0 | -1 | -1 | -10 | -5 | |
| Net Cash Flow | 0 | 1 | -0 | 1 | -1 | 1 | -0 | -0 | 2 | 1 | 2 | 1 |
| Free Cash Flow | -8 | 0 | -6 | 0 | 6 | 3 | 8 | -1 | 3 | 1 | 11 | 5 |
| CFO/OP | 40% | 58% | 55% | 57% | 66% | 64% | 94% | 69% | 84% | 88% | 114% | 58% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 76 | 92 | 104 | 91 | 70 | 80 | 92 | 82 | 61 | 46 | 41 | 44 |
| Inventory Days | 97 | 144 | 140 | 159 | 157 | 180 | 179 | 217 | 192 | 168 | 155 | 165 |
| Days Payable | 32 | 54 | 30 | 60 | 49 | 59 | 52 | 29 | 32 | 29 | 39 | 29 |
| Cash Conversion Cycle | 141 | 182 | 213 | 190 | 178 | 201 | 220 | 270 | 221 | 185 | 158 | 180 |
| Working Capital Days | -3 | 14 | 31 | 33 | 39 | 64 | 68 | 86 | 71 | 60 | 39 | 58 |
| ROCE % | 20% | 19% | 16% | 18% | 19% | 14% | 12% | 11% | 10% | 12% | 19% | 20% |
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 |
|
||||||||
| 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 |
|||||||||
Documents
Announcements
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 (The "Listing Regulation') - Purchase Of Industrial Property.
2d - Purchased Jaipur factory premises of 2,436 sq. m. for ₹22.46 crore to expand capacity.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended on March 31, 2026.
-
Disclosures Under Regulation 31(4) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011.
2d - Promoters disclosed 67.75% shareholding and no encumbrance as of March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
6 Apr - Received domestic aluminium doors, windows and facade work order worth 34.81 crore; execution over 18 months.
-
Closure of Trading Window
25 Mar - Trading window closed Apr 01, 2026 until 48 hours after financial results announcement.
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
Concalls
-
Feb 2026TranscriptAI SummaryPPT
-
Nov 2025Transcript PPT REC
-
Jul 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
Feb 2025TranscriptAI SummaryPPT
-
Nov 2024Transcript PPT
-
Aug 2024TranscriptAI SummaryPPT
-
May 2024Transcript PPT
-
Mar 2024TranscriptAI SummaryPPT
-
Nov 2023Transcript PPT
-
Aug 2023TranscriptAI SummaryPPT
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.