Dhabriya Polywood Ltd

Dhabriya Poly. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dhabriya Polywood Ltd

₹ 400 1.68%
13 Dec - close price
polywood.org BSE: 538715
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.

Website BSE
  • Market Cap ₹ 433 Cr.
  • Current Price ₹ 400
  • High / Low ₹ 520 / 220
  • Stock P/E 26.7
  • Book Value ₹ 84.2
  • Dividend Yield 0.13 %
  • ROCE 18.9 %
  • ROE 18.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 20.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.5%
  • Company's working capital requirements have reduced from 127 days to 94.4 days

Cons

  • Stock is trading at 4.75 times its book value
  • Company has a low return on equity of 14.0% over last 3 years.
  • 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

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
39.86 34.10 40.08 36.79 43.75 40.16 50.48 50.19 54.65 52.02 54.78 58.69 58.05
36.02 30.54 34.60 34.07 39.41 35.31 43.97 43.29 47.06 44.22 46.08 49.45 48.87
Operating Profit 3.84 3.56 5.48 2.72 4.34 4.85 6.51 6.90 7.59 7.80 8.70 9.24 9.18
OPM % 9.63% 10.44% 13.67% 7.39% 9.92% 12.08% 12.90% 13.75% 13.89% 14.99% 15.88% 15.74% 15.81%
0.06 0.07 0.11 0.07 0.06 0.02 0.15 0.05 0.12 0.14 0.22 0.12 0.18
Interest 1.05 0.93 0.86 0.91 1.01 0.98 1.11 1.30 1.24 1.21 1.33 1.18 1.26
Depreciation 0.83 0.85 0.89 0.85 0.88 0.90 1.15 1.47 1.66 1.86 1.91 1.93 2.18
Profit before tax 2.02 1.85 3.84 1.03 2.51 2.99 4.40 4.18 4.81 4.87 5.68 6.25 5.92
Tax % 22.28% 26.49% 14.06% 37.86% 14.74% 24.75% 21.36% 25.84% 25.57% 31.62% 28.35% 25.60% 29.39%
1.56 1.36 3.30 0.65 2.14 2.25 3.45 3.10 3.59 3.33 4.06 4.65 4.18
EPS in Rs 1.44 1.26 3.05 0.60 1.98 2.08 3.19 2.86 3.32 3.08 3.75 4.30 3.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
62 67 72 69 94 131 121 112 106 134 171 212 224
56 59 62 58 80 113 105 97 93 120 153 181 189
Operating Profit 6 8 10 11 15 18 16 15 13 14 18 31 35
OPM % 10% 12% 14% 15% 15% 14% 13% 13% 13% 10% 11% 15% 16%
0 0 0 0 0 0 0 0 1 0 0 1 1
Interest 2 2 3 3 4 5 5 5 4 4 4 5 5
Depreciation 1 1 2 2 3 4 4 4 3 3 4 7 8
Profit before tax 3 4 5 6 8 10 8 6 6 7 11 20 23
Tax % 33% 34% 34% 34% 34% 30% 29% 29% 28% 25% 22% 28%
2 3 3 4 5 7 6 4 4 5 8 14 16
EPS in Rs 9.29 7.50 3.30 3.52 4.68 6.33 5.14 4.07 4.13 4.70 7.84 13.01 14.99
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 64% 4%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 26%
TTM: 14%
Compounded Profit Growth
10 Years: 17%
5 Years: 20%
3 Years: 47%
TTM: 31%
Stock Price CAGR
10 Years: 35%
5 Years: 59%
3 Years: 68%
1 Year: 2%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 14%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 3 8 10 11 11 11 11 11 11 11 11 11
Reserves 7 11 12 13 20 30 35 40 44 49 58 72 80
18 27 26 34 41 44 47 44 49 54 57 53 49
12 13 17 14 20 22 21 20 14 16 19 29 35
Total Liabilities 39 53 64 71 92 107 115 115 117 130 145 165 176
12 21 23 31 39 42 44 42 43 45 63 71 80
CWIP 0 0 0 0 0 0 0 3 7 8 0 5 0
Investments 2 2 2 2 0 0 0 0 0 0 0 0 0
25 30 38 38 53 64 71 70 68 76 83 88 95
Total Assets 39 53 64 71 92 107 115 115 117 130 145 165 176

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 2 5 5 7 10 8 12 8 10 14 32
-3 -10 -4 -10 -7 -5 -5 -4 -8 -7 -13 -20
-2 8 0 4 0 -6 -2 -8 0 -1 -1 -10
Net Cash Flow 0 0 1 -0 1 -1 1 -0 -0 2 1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61 76 92 104 91 70 80 92 82 61 46 41
Inventory Days 102 97 144 140 159 157 180 179 217 192 168 155
Days Payable 37 32 54 30 60 49 59 52 29 32 29 39
Cash Conversion Cycle 126 141 182 213 190 178 201 220 270 221 185 158
Working Capital Days 69 69 83 102 104 107 138 150 166 159 128 94
ROCE % 20% 19% 16% 18% 19% 14% 12% 11% 10% 12% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.22% 74.22% 74.22% 74.22% 74.22% 74.22% 74.22% 67.75% 67.75% 67.75% 67.75% 67.75%
0.00% 0.00% 0.13% 1.40% 1.40% 1.53% 1.53% 0.00% 0.00% 0.05% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.53% 0.63% 0.63% 0.52% 0.00%
25.78% 25.78% 25.65% 24.37% 24.38% 24.25% 24.25% 31.71% 31.62% 31.57% 31.71% 32.24%
No. of Shareholders 1,0981,1761,1981,3191,4301,4591,5782,7134,2354,7335,5747,385

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

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