Dhabriya Polywood Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Industrial Products | Market Cap: ₹502 Cr
Targeting approximately 30% CAGR revenue growth over the long term (Page 4, 13). Targeting approximately 30% CAGR revenue growth over the long term, driven by expansion into new verticals like WPC doors, wall & ceiling panels, and aluminum windows/glazing.
From Dhabriya Polywood Ltd's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Price
₹567
Market Cap
₹502 Cr
P/E Ratio
16.7
Revenue Rank
Margin Rank
How does Dhabriya Polywood Ltd rank in Industrial Products?
Compare Dhabriya Polywood Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Dhabriya Polywood Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹70 Cr, net profit ₹8 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →Targeting approximately 30% CAGR revenue growth over the long term (Page 4, 13).
- →Expecting minimum 20% volume growth in PVC profile extrusion division for FY27 (Page 14, 15).
- →New product verticals such as WPC doors, WPC wall and ceiling panels, and aluminum windows and facade division to contribute incremental revenue (Page 14, 24).
- →WPC door line commercially launching next quarter, expected INR15 crores revenue contribution in FY27 (Page 24, 25).
- →Aluminum windows and facade division projected to contribute INR40-50 crores in FY27 (Page 17, 25).
- →Plan to improve capacity utilization from 50-60% to over 66% and further to 85% to reach INR450 crores revenue in profile extrusion by FY28 (Page 6, 15).
- →Growth driven by expanding product mix, new verticals, increased geographic reach, and tapping builder/developer markets (Pages 19, 25).
📈 Profitability & Margins
Rank 3- →Targeting approximately 30% CAGR revenue growth over the long term, driven by expansion into new verticals like WPC doors, wall & ceiling panels, and aluminum windows/glazing.
- →EBITDA margins are expected to sustainably remain above 20%, supported by better product mix, operational efficiencies, and upgraded offerings.
- →Profit after tax grew 67.2% in FY26 to INR30.14 crores with EPS rising to INR27.85; expected to maintain growth momentum.
- →New product verticals and capacity expansions projected to strengthen earnings contribution, e.g., INR15 crores from WPC doors and INR40-50 crores from aluminum windows/facade division in FY27.
- →Stable order book above INR170 crores ensures strong revenue visibility and operational leverage.
- →Management confident of sustaining 20%+ EBITDA margins and robust profitability supported by strategic pricing and cost controls.
🏗️ Capital Expenditure Plans
Yes- →The company has approved a strategic capital expenditure (capex) program of INR 100 crores to be deployed over FY26 to FY28, the largest in its history.
- →Approximately INR 27 crores of capex was already deployed in FY26 for:
- → - Expansion of PVC and WPC profile extrusion lines (PVC extrusion capacity increased from 24,000 to 27,600 metric tons per annum).
- → - Building manufacturing infrastructure for aluminum glazing and window division (Bangalore facility).
- → - Modernizing and automating existing lines.
- →Remaining capex over FY27 and FY28 will focus on:
- → - New verticals including WPC doors, WPC wall and ceiling panels, and aluminum windows, doors, and glazing systems.
- → - Jaipur facility construction and expansion for aluminum windows and facade division (INR 35-40 crores planned in FY27).
- → - Continued modernization and capacity upgrades.
- →Capex will be funded majorly through internal accruals with some borrowings; debt-to-equity ratio expected to stay below 0.75.
- →Expected revenue from the capex investment to be at least 2x in initial years post-completion.
💰 Fundraising & Capital Structure
Yes- →The company plans a capex of INR100 crores, which will be funded partially through borrowings and majorly through internal accruals.
- →Last financial year, they generated around INR50+ crores in cash from operations, indicating strong internal funding capacity.
- →Borrowings will increase somewhat to support timely project implementation but the debt-to-equity ratio is expected to remain below 0.75 (currently at 0.56).
- →No specific mention of equity fundraising was made in the discussion.
- →Working capital increased temporarily due to strategic stocking of raw materials but is expected to normalize in FY27.
- →Overall, the company appears financially comfortable and focused on controlled debt usage for growth.
📋 Order Book & Pipeline
Yes- →Current order book stands at INR 174 crores, the highest in company history.
- →Order book breakdown:
- → - uPVC windows and doors: Approximately INR 84 crores
- → - Modular Furniture division: INR 34 crores
- → - Aluminum windows and facade division (new segment): INR 56 crores
- →Previous year order book was in the range of INR 120-140 crores.
- →Execution timelines span current and upcoming quarters, with revenue already starting from Q4 in aluminum windows and facade division.
- →The company aims for about 30% top-line growth driven by increased volumes across existing and new product verticals.
- →Advances received from customers on current orders exceed INR 7 crores.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Dhabriya Polywood Ltd Q4 FY26 results?
Targeting approximately 30% CAGR revenue growth over the long term (Page 4, 13). Targeting approximately 30% CAGR revenue growth over the long term, driven by expansion into new verticals like WPC doors, wall & ceiling panels, and aluminum windows/glazing.
What is Dhabriya Polywood Ltd share price analysis?
Dhabriya Polywood Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 16.7 with a market cap of ₹502 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dhabriya Polywood Ltd planning capital expenditure?
The company has approved a strategic capital expenditure (capex) program of INR 100 crores to be deployed over FY26 to FY28, the largest in its history.
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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.