DDev Plastiks
DDev Plastiks Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: order book.
The short version
Target volume growth of approximately 15% in FY27, aiming to grow faster than the cable customer segment's 12-13% growth rate by gaining market share domestically and in exports. Ddev Plastiks projects a volume growth of approximately 15% in FY27, driven by ramp-up of new capacity and market share gains.
From DDev Plastiks's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Target volume growth of approximately 15% in FY27, aiming to grow faster than the cable customer segment's 12-13% growth rate by gaining market share domestically and in exports.
- FY27 revenue growth guidance is conservative at around 13%, based largely on volume growth, with no assumed price increases.
- New capacity at Bhiwadi expected to ramp up gradually, targeting ~50% average utilization in FY27, increasing volumes especially in the second half.
- Focus on better product and geographical mix to improve margins, with per ton realization improving by about INR200 each quarter recently.
- Expects utilization levels around 70% by year-end with a tonnage run rate of about 231,000 tons for the year.
- BESS project capacity starts with 1 GWh, capex of INR200 crore, aiming to generate INR900 crore turnover at full capacity around mid-FY29.
- Export volumes expected to grow with shifting capacities; cautious about short-term market volatility impacting growth.
Profitability & Margins
See what DDev Plastiks said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company has committed capex of INR150-175 crores for the year, including new capacities for HFFR and medium voltage cables in the East (near Vapi) and investments in BESS business.
- The new site at Vapi aims to consolidate products from multiple plants and expand space for capacity addition.
- Bhiwadi facility with 48,000 tons capacity was recently added; expected to ramp up utilization progressively, targeting INR500 crore incremental revenue.
- For the BESS (Battery Energy Storage System) business, an initial capex of around INR200 crores is planned for a 1 gigawatt hour facility, expected operational by mid-FY29; funded primarily through internal accruals with potential additional working capital debt of INR100-150 crores.
- The company is open to backward integration, joint ventures, and new investment opportunities as and when they arise.
- Expansion into Eastern India with warehouse and manufacturing capacity is underway following a strategic shift.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what DDev Plastiks said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company's order book is generally spot-based, with orders not extending beyond 10 to 15 days, possibly up to 20 days.
- As of the call, visibility on order books is limited; they can only comment reliably up to August 2026.
- Export and domestic market uncertainties, including geopolitical issues like the situation with Iran, add to this limited visibility.
- Despite this, July 2026 was a comparatively good month, and August 2026 appears stable so far.
- New capacities are just ramping up, and while Q1 volume growth was low (~1%), a 15% volume growth target for FY27 is maintained.
- The company expects to ramp up new plant utilization in the second half, aiding order execution.
- Retendering and delayed projects due to pricing issues might lead to future opportunities.
DDev Plastiks — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹766 Cr, net profit ₹55 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What DDev Plastiks Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were DDev Plastiks Q1 FY27 results?
Target volume growth of approximately 15% in FY27, aiming to grow faster than the cable customer segment's 12-13% growth rate by gaining market share domestically and in exports. Ddev Plastiks projects a volume growth of approximately 15% in FY27, driven by ramp-up of new capacity and market share gains.
What is DDev Plastiks share price analysis?
DDev Plastiks currently shows a below-average growth signal. The stock trades at a P/E of 13.5 with a market cap of ₹2,875 Cr. Investors should review the full earnings analysis for detailed insights.
Is DDev Plastiks planning capital expenditure?
The company has committed capex of INR150-175 crores for the year, including new capacities for HFFR and medium voltage cables in the East (near Vapi) and investments in BESS business.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.