Any current/future new fundraising through debt or equity?

For the first phase of the BESS project (1 gigawatt hour), working capital requirement is estimated at INR 200-250 crores, with sufficient limits already available for funding. For the full 5 gigawatt hour BESS capacity, plans include exploring increased funding cycles through banking and other channels. Total capex for FY27 is INR 175 crores, which includes expansion for polymer compounding capacity and BESS; of which around INR 70 crores is allocated specifically for BESS. No explicit mention of new equity fundraising; funding focus is on utilizing existing credit facilities and banking chan

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

Planned capex for FY27 is approximately INR175 crores focused on: - Expanding XLPE compounding capacity. - Diversification into Battery Energy Storage System (BESS) business. Total BESS investment phased over multiple years; around INR70+ crores allocated in FY27. BESS roadmap targets 5 gigawatt installed capacity by 2030, with each gigawatt expected to generate INR800-900 crores revenue. Initial BESS phase (1 gigawatt hour) requires working capital of INR200-250 crores, funded through existing limits. Further capacity expansion for BESS planned based on market dynamics and funding via ban

Future growth expectations in sales/revenue/volumes?

FY27 revenue growth targeted at 13% year-on-year, volume growth at 15% (Page 5, 14, 15). Polymer compounding volume expected to grow 15% in FY28 over FY27 base of ~230,000 tons (Page 15). Capacity expected to ramp up gradually with capacity utilization increasing from 77% in FY26 to 73% in FY27, reflecting new capacity additions (Page 5, 15). BESS (Battery Energy Storage System) business planned to develop 5 GWh capacity phased, each gigawatt generating INR800-900 crores revenue; initial 1 GWh projected revenue INR200-250 crores in FY27, ramping to INR800-900 crores by FY28 (Pages 11, 14, 19).

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

FY27 revenue growth is guided at 13% year-on-year with volume growth of 15%. EBITDA margins for FY27 are expected around 11%, maintaining operational efficiency. Battery Energy Storage System (BESS) segment to add incremental revenues of INR200-250 crores in FY27, with breakeven expected in this year. BESS projected 1 gigawatt sales in FY28 with revenues around INR800-900 crores and EBITDA margins improving beyond 10%. By FY30, polymer compounding business targeting INR5,000 crores revenue; BESS to contribute additional INR2,000-2,500 crores revenue. Overall PAT growth of 9% in FY26 highlights

Current/ Expected Orderbook/ Pending Orders?

The transcripts do not explicitly mention the current or expected order book or pending orders in specific numeric terms. However, Arihant Bothra notes that the company is receiving sufficient orders, with no lag in booking; demand is steady both from government and private sectors. Export order visibility is positive for Q1, with continued growth expected, particularly in the MENA region and parts of Europe. The company is confident of maintaining growth momentum despite geopolitical uncertainties. There are no annual or long-term fixed-price contracts; contracts are mostly short-term (up to

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DDev Plastiks Industries LtdQ1 FY26Chemicals & Petrochemicals

DDev Plastiks Industries Ltd Q1 FY26 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

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→FY27 revenue growth targeted at 13% year-on-year, volume growth at 15% (Page 5, 14, 15).
→Polymer compounding volume expected to grow 15% in FY28 over FY27 base of ~230,000 tons (Page 15).
→Capacity expected to ramp up gradually with capacity utilization increasing from 77% in FY26 to 73% in FY27, reflecting new capacity additions (Page 5, 15).
→BESS (Battery Energy Storage System) business planned to develop 5 GWh capacity phased, each gigawatt generating INR800-900 crores revenue; initial 1 GWh projected revenue INR200-250 crores in FY27, ramping to INR800-900 crores by FY28 (Pages 11, 14, 19).
→BESS EBITDA margins expected breakeven in FY27, rising to 10%+ in FY28 (Pages 10, 14).
→Overall targeted INR5,000 crores revenue from polymer compounding by 2030 with additional INR2,000-2,500 crores from BESS vertical (Page 5).

Margin guidance

Category 3

→FY27 revenue growth is guided at 13% year-on-year with volume growth of 15%.
→EBITDA margins for FY27 are expected around 11%, maintaining operational efficiency.
→Battery Energy Storage System (BESS) segment to add incremental revenues of INR200-250 crores in FY27, with breakeven expected in this year.
→BESS projected 1 gigawatt sales in FY28 with revenues around INR800-900 crores and EBITDA margins improving beyond 10%.
→By FY30, polymer compounding business targeting INR5,000 crores revenue; BESS to contribute additional INR2,000-2,500 crores revenue.
→Overall PAT growth of 9% in FY26 highlights strong earnings quality and financial discipline.
→Volume growth in polymer compounding expected to grow by 15% in FY28 over FY27 base.
→EBITDA from BESS expected to grow from low single digit (FY27) to double digits (~10%) by FY28.

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Fundraise plans

→For the first phase of the BESS project (1 gigawatt hour), working capital requirement is estimated at INR 200-250 crores, with sufficient limits already available for funding.
→For the full 5 gigawatt hour BESS capacity, plans include exploring increased funding cycles through banking and other channels.
→Total capex for FY27 is INR 175 crores, which includes expansion for polymer compounding capacity and BESS; of which around INR 70 crores is allocated specifically for BESS.
→No explicit mention of new equity fundraising; funding focus is on utilizing existing credit facilities and banking channels to meet working capital and capex requirements for expansion.
→The company maintains a strong financial position with a net worth of INR 1,013 crores and prudent cash flow management.

Order book

Yes

→The transcripts do not explicitly mention the current or expected order book or pending orders in specific numeric terms.
→However, Arihant Bothra notes that the company is receiving sufficient orders, with no lag in booking; demand is steady both from government and private sectors.
→Export order visibility is positive for Q1, with continued growth expected, particularly in the MENA region and parts of Europe.
→The company is confident of maintaining growth momentum despite geopolitical uncertainties.
→There are no annual or long-term fixed-price contracts; contracts are mostly short-term (up to 90 days), reducing backlog risks.
→The BESS segment is expected to generate INR200-250 crore revenue in FY27, indicating a ramp-up in orders there.

Capex plans

Yes

→Planned capex for FY27 is approximately INR175 crores focused on:
→ - Expanding XLPE compounding capacity.
→ - Diversification into Battery Energy Storage System (BESS) business.
→Total BESS investment phased over multiple years; around INR70+ crores allocated in FY27.
→BESS roadmap targets 5 gigawatt installed capacity by 2030, with each gigawatt expected to generate INR800-900 crores revenue.
→Initial BESS phase (1 gigawatt hour) requires working capital of INR200-250 crores, funded through existing limits.
→Further capacity expansion for BESS planned based on market dynamics and funding via banking and other channels.
→Capacity additions in polymer compounding (e.g., 48,000 tons in Bhiwadi) to be fully utilized over coming years.
→Emphasis on strategic investments to strengthen renewable energy offerings alongside core polymer compounding business.

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