DDev Plastiks Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,552 Cr
- P/E
- 11.95
- ROE
- 21.85%
- PEG
- 0.48
- Price to sales
- 0.79
- Debt to equity
- 0.06
- 52W high / low
- ₹311 / ₹189
- EBITDA margin
- 9.63%
- Net profit margin
- 6.85%
- Promoter holding
- 74.99%
- Sales (last year)
- ₹3,168 Cr
Incorporated in 2020, DDev Plastiks Industries Ltd manufactures Plastic Compounds[1]
Guidance scorecard · Q1 FY27 call
What DDev Plastiks Industries Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
10–20%- 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.
2 more points from DDev Plastiks Industries Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
FlatSee what DDev Plastiks Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- 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…
2 more points from DDev Plastiks Industries Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
PlannedSee what DDev Plastiks Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- 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.
2 more points from DDev Plastiks Industries Ltd's call on the order book
Create a free account to keep reading this call
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
Sign up free to see every company in the sector ranking and track DDev Plastiks Industries Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of DDev Plastiks Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of DDev Plastiks Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 667 | 638 | 642 | 554 | 597 | 625 | 580 | 661 | 737 | 769 | 680 | 733 | 766 |
| Expenses + | 601 | 584 | 582 | 493 | 513 | 567 | 517 | 590 | 660 | 696 | 616 | 657 | 691 |
| Operating Profit | 67 | 54 | 60 | 60 | 84 | 58 | 64 | 70 | 76 | 73 | 64 | 76 | 74 |
| OPM % | 10% | 8% | 9% | 11% | 14% | 9% | 11% | 11% | 10% | 9% | 9% | 10% | 10% |
| Other Income + | 9 | 7 | 5 | 3 | 8 | 6 | 5 | 4 | 3 | 6 | 11 | 4 | 12 |
| Interest | 8 | 7 | 6 | 5 | 5 | 4 | 5 | 7 | 6 | 6 | 7 | 8 | 8 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
| Profit before tax | 64 | 51 | 57 | 55 | 82 | 57 | 60 | 64 | 69 | 70 | 64 | 67 | 73 |
| Tax % | 25% | 26% | 25% | 27% | 25% | 25% | 26% | 28% | 25% | 25% | 26% | 28% | 26% |
| Net Profit + | 48 | 38 | 42 | 40 | 62 | 42 | 45 | 47 | 52 | 52 | 47 | 48 | 55 |
| EPS in Rs | 4.67 | 3.65 | 4.08 | 3.87 | 5.95 | 4.10 | 4.32 | 4.50 | 5.00 | 5.04 | 4.55 | 4.64 | 5.27 |
Financials of DDev Plastiks Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 0 | 2,227 | 2,504 | 2,431 | 2,603 | 2,948 |
| Expenses + | 0 | 2,121 | 2,344 | 2,173 | 2,334 | 2,661 |
| Operating Profit | 0 | 106 | 160 | 258 | 270 | 287 |
| OPM % | 5% | 6% | 11% | 10% | 10% | |
| Other Income + | 0 | 22 | 26 | 24 | 17 | 34 |
| Interest | 0 | 41 | 33 | 23 | 21 | 29 |
| Depreciation | 0 | 12 | 12 | 14 | 15 | 18 |
| Profit before tax | 0 | 76 | 140 | 245 | 251 | 274 |
| Tax % | 28% | 26% | 26% | 26% | 26% | |
| Net Profit + | 0 | 55 | 104 | 182 | 186 | 202 |
| EPS in Rs | 10.06 | 17.56 | 17.93 | 19.50 | ||
| Dividend Payout % | 4% | 9% | 9% | 10% | 9% |
Financials of DDev Plastiks Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 9 | 9 | 10 | 10 | 10 |
| Reserves | 0 | 382 | 485 | 650 | 824 | 1,003 |
| Borrowings + | 0 | 130 | 56 | 66 | 46 | 57 |
| Other Liabilities + | 0 | 408 | 362 | 269 | 274 | 374 |
| Total Liabilities | 0 | 929 | 912 | 995 | 1,155 | 1,444 |
| Fixed Assets + | 0 | 207 | 225 | 231 | 275 | 304 |
| CWIP | 0 | 2 | 1 | 3 | 1 | 50 |
| Investments | 0 | 0 | 0 | 0 | 61 | 21 |
| Other Assets + | 0 | 720 | 686 | 761 | 817 | 1,069 |
| Total Assets | 0 | 929 | 912 | 995 | 1,155 | 1,444 |
Financials of DDev Plastiks Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 26 | 145 | 116 | 137 | 85 |
| Cash from Investing Activity + | 0 | -11 | -35 | -18 | -114 | -41 |
| Cash from Financing Activity + | 0 | -10 | -109 | -28 | -57 | -44 |
| Net Cash Flow | 0 | 6 | 1 | 70 | -34 | 0 |
| Free Cash Flow | 0 | 8 | 117 | 94 | 80 | -11 |
| CFO/OP | 37% | 113% | 67% | 79% | 51% |
Financials of DDev Plastiks Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 57 | 53 | 60 | 65 | 69 | |
| Inventory Days | 52 | 37 | 38 | 42 | 59 | |
| Days Payable | 66 | 49 | 34 | 35 | 43 | |
| Cash Conversion Cycle | 43 | 41 | 64 | 72 | 85 | |
| Working Capital Days | 32 | 40 | 54 | 66 | 78 | |
| ROCE % | 45% | 32% | 42% | 34% | 31% |
Guidance history
How DDev Plastiks Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
22 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −19.7% | 37% |
| Last 6 months | −2.9% | 51% |
| Last 3 months | −10.2% | 43% |
The price is 43.7% below its all-time high of ₹435.95 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 43 became 22.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For DDev Plastiks Industries Ltd: 0.4 × 37 + 0.4 × 51 + 0.2 × 43 = 43, halved to 22 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What DDev Plastiks Industries Ltd's management said in earlier quarters
Others in Chemicals & Petrochemicals this season
- Deepak Nitrite Ltd (Q2 FY27)
Q2 FY27 total revenue: ₹3,091 crore, up 61% YoY (Page 1, 4, 5, 6, 10, 11) . Key investor presentation takeaways from Deepak Nitrite Ltd's Q2 FY27 investor prese
- Privi Speciality Chemicals Ltd (Q2 FY27)
19,239.47 lakhs (approximately 33.9% growth). Key results statement takeaways from Privi Speciality Chemicals Ltd's Q2 FY27 results statement — and how it ranks
- NOCIL Ltd (Q2 FY27)
427 crores . Key investor presentation takeaways from NOCIL Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.
- Neochem Bio Solutions Ltd (Q2 FY27)
Revenue from Operations for H1 FY27: ₹68.9 crores, up 50% YoY (from ₹45.8 crores in H1 FY26) [Page 22] . Key investor presentation takeaways from Neochem Bio So