Any current/future new fundraising through debt or equity?

Currently, the company is funding staggered capacity expansion plans through internal accruals. No immediate plans for equity or debt fundraising have been announced for ongoing projects. Management mentioned that if required to expedite plans, alternative funding options will be explored in the future. The company is already borrowing for ongoing capital expenditure but targets a net finance cost of around INR4-4.5 crores per quarter. Capex plans of approximately INR110 crores are on track for the current financial year, primarily funded internally. No explicit mention of any new or upcoming

Any current/future capex/capital investment/strategic investment?

Planned capex of around INR 300 crores over the next 2-3 years for capacity expansion (Page 16). Capacity addition of approximately 130,000+ tons over the next 3 years, including: - 15,000+ tons of HFFR - 25,000 tons of PVC (with possible additional 5,000-10,000 tons) - 60,000 tons XLPE with potential for another 24,000 tons (Pages 12-13). Capital expenditure of INR110+ crores expected in the current financial year (Page 6). Brownfield expansion involves acquisition of new land parcels; some land identified, continuous search ongoing (Page 15). Capex includes acquisitions of land and exp

Future growth expectations in sales/revenue/volumes?

Ddev Plastiks aims for a revenue target of INR4,500 to INR5,000 crores by FY '30. The company expects to maintain EBITDA margins between 10% to 12%. Volume growth is targeted at a CAGR of 13% to 14% up to FY '30. For FY '26, volume growth is expected around 12-13%, with utilization levels above 75-80%. Capacity addition of approximately 130,000 tons planned over the next 3 years, supporting volume ramp-up. XLPE products, especially distribution and transmission cables, seen as major growth drivers. Growth in volumes expected across product segments, including high-value and lower-end products,

Future growth expectations in earnings/operating earnings/profits/EPS?

Ddev Plastiks targets a revenue of INR4,500 - 5,000 crores by FY '30 with EBITDA margins maintained between 10% to 12%. The company expects volume CAGR growth of 13%-14% for the next 3 years, initially higher and tapering later. EBITDA per ton is targeted to remain stable in the range of INR15 to INR16, driven primarily by volume growth. The company forecasts strong PAT growth continuing, with prior CAGR at 46% from FY20 to FY26. Growth will be fueled by expanded capacity (130,000+ tons over 3 years), including brownfield and new land acquisitions. Margins expected to improve gradual

Current/ Expected Orderbook/ Pending Orders?

The transcript does not provide specific details or figures regarding the current or expected order book or pending orders. However, it mentions ongoing developments such as waiting for approvals for 132 kV products and trials with customers, which indicate expected future orders once approvals are secured. The company has tied up with customers for trials but the 132 kV product trials have not yet occurred, implying pending orders contingent on successful trials and certification. There is a mention of steady and growing demand in various segments, including housing wires, power cables, and d

IN US

Sale is live|00:00:00left today

DDev Plastiks Industries LtdQ2 FY25Chemicals & Petrochemicals

DDev Plastiks Industries Ltd Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹272P/E: 12.6Market Cap: ₹2.5K CrSector: Chemicals & Petrochemicals

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→Ddev Plastiks aims for a revenue target of INR4,500 to INR5,000 crores by FY '30.
→The company expects to maintain EBITDA margins between 10% to 12%.
→Volume growth is targeted at a CAGR of 13% to 14% up to FY '30.
→For FY '26, volume growth is expected around 12-13%, with utilization levels above 75-80%.
→Capacity addition of approximately 130,000 tons planned over the next 3 years, supporting volume ramp-up.
→XLPE products, especially distribution and transmission cables, seen as major growth drivers.
→Growth in volumes expected across product segments, including high-value and lower-end products, keeping blended margins stable.
→Initial higher volume growth expected post-capacity expansion, tapering in later years.
→New product certifications (132 kV) anticipated to contribute meaningful revenues from FY '27 onward, with gradual ramp-up.

Margin guidance

Category 3

→Ddev Plastiks targets a revenue of INR4,500 - 5,000 crores by FY '30 with EBITDA margins maintained between 10% to 12%.
→The company expects volume CAGR growth of 13%-14% for the next 3 years, initially higher and tapering later.
→EBITDA per ton is targeted to remain stable in the range of INR15 to INR16, driven primarily by volume growth.
→The company forecasts strong PAT growth continuing, with prior CAGR at 46% from FY20 to FY26.
→Growth will be fueled by expanded capacity (130,000+ tons over 3 years), including brownfield and new land acquisitions.
→Margins expected to improve gradually with higher share of value-added products like building wire PVC compounds delivering 7%-8% margins.
→EBITDA growth in line with volume growth; no expectation of drastic margin expansion due to raw material price pass-through.
→Ramp-up from higher voltage cables (e.g., 132 kV) expected to contribute beyond FY27, enhancing future revenue and profitability.

3 more insights locked — sign up free to unlock

Fundraise plans

Yes

→Currently, the company is funding staggered capacity expansion plans through internal accruals.
→No immediate plans for equity or debt fundraising have been announced for ongoing projects.
→Management mentioned that if required to expedite plans, alternative funding options will be explored in the future.
→The company is already borrowing for ongoing capital expenditure but targets a net finance cost of around INR4-4.5 crores per quarter.
→Capex plans of approximately INR110 crores are on track for the current financial year, primarily funded internally.
→No explicit mention of any new or upcoming fundraising through debt or equity was made during the call.

Order book

→The transcript does not provide specific details or figures regarding the current or expected order book or pending orders.
→However, it mentions ongoing developments such as waiting for approvals for 132 kV products and trials with customers, which indicate expected future orders once approvals are secured.
→The company has tied up with customers for trials but the 132 kV product trials have not yet occurred, implying pending orders contingent on successful trials and certification.
→There is a mention of steady and growing demand in various segments, including housing wires, power cables, and distribution & transmission cables, which implies a healthy pipeline.
→Capacity expansions totaling around 130,000 tons over the next 3 years are aligned with anticipated order growth and ramp-up.
→Customers prefer localized suppliers over imports, suggesting a sustained and growing order inflow.
→Overall, though exact order book numbers are not disclosed, outlook and capacity planning indicate a robust and growing pending order pipeline.

Capex plans

Yes

→Planned capex of around INR 300 crores over the next 2-3 years for capacity expansion (Page 16).
→Capacity addition of approximately 130,000+ tons over the next 3 years, including:
→ - 15,000+ tons of HFFR
→ - 25,000 tons of PVC (with possible additional 5,000-10,000 tons)
→ - 60,000 tons XLPE with potential for another 24,000 tons (Pages 12-13).
→Capital expenditure of INR110+ crores expected in the current financial year (Page 6).
→Brownfield expansion involves acquisition of new land parcels; some land identified, continuous search ongoing (Page 15).
→Capex includes acquisitions of land and expansion projects (Page 15).
→Equipment for 132 kV production is ready; no specific capex planned for this voltage range as existing equipment is versatile (Page 11).
→Current funding of capex is through internal accruals; alternatives may be considered if expediting is needed (Page 17).

How does DDev Plastiks Industries Ltd rank vs peers in Chemicals & Petrochemicals?

Pro feature

1DDev Plastiks Industries Ltd

Rev 3Mar 3

See full Chemicals & Petrochemicals sector rankings

Want more stocks like DDev Plastiks Industries Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio