Dhabriya Polywood Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹472 Cr
- P/E
- 14.56
- ROE
- 26.01%
- PEG
- 0.28
- Price to sales
- 1.75
- Debt to equity
- 0.59
- 52W high / low
- ₹587 / ₹286
- Sales growth (5Y)
- 19.96%
- EBITDA margin
- 21.42%
- Net profit margin
- 11.30%
- Promoter holding
- 67.75%
- Sales (last year)
- ₹271 Cr
Incorporated in 1995, Dhabriya Polywood Ltd manufactures and sells Plastic products and Modular Furniture[1]
Guidance scorecard · Q1 FY27 call
What Dhabriya Polywood Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY26 call
20–40%- Targeting approximately 30% CAGR revenue growth over the long term.
- Expecting minimum 20% volume growth in PVC profile extrusion division for FY27.
- New product verticals such as WPC doors, WPC wall and ceiling panels, and aluminum windows and facade division to contribute incremental revenue.
- WPC door line commercially launching next quarter, expected INR15 crores revenue contribution in FY27.
- Aluminum windows and facade division projected to contribute INR40-50 crores in FY27.
2 more points from Dhabriya Polywood Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Dhabriya Polywood Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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.
- 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.
FundraisingQ4 FY26 call
PlannedSee what Dhabriya Polywood Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- Current order book stands at INR 174 crores, the highest in company history.
- 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.
2 more points from Dhabriya Polywood Ltd's call on the order book
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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 Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Dhabriya Polywood Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dhabriya Polywood 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 + | 50.48 | 50.19 | 54.65 | 52.02 | 54.78 | 58.69 | 58.05 | 54.90 | 63.47 | 62.09 | 66.99 | 65.66 | 69.74 |
| Expenses + | 43.97 | 43.29 | 47.06 | 44.22 | 46.08 | 49.45 | 48.87 | 46.05 | 53.23 | 49.74 | 53.33 | 51.81 | 55.02 |
| Operating Profit | 6.51 | 6.90 | 7.59 | 7.80 | 8.70 | 9.24 | 9.18 | 8.85 | 10.24 | 12.35 | 13.66 | 13.85 | 14.72 |
| OPM % | 12.90% | 13.75% | 13.89% | 14.99% | 15.88% | 15.74% | 15.81% | 16.12% | 16.13% | 19.89% | 20.39% | 21.09% | 21.11% |
| Other Income + | 0.15 | 0.05 | 0.12 | 0.14 | 0.22 | 0.12 | 0.18 | 0.12 | 0.16 | 0.14 | 0.20 | 0.29 | 0.87 |
| Interest | 1.11 | 1.30 | 1.24 | 1.21 | 1.33 | 1.18 | 1.26 | 1.18 | 1.24 | 1.37 | 1.48 | 1.34 | 1.22 |
| Depreciation | 1.15 | 1.47 | 1.66 | 1.86 | 1.91 | 1.93 | 2.18 | 2.42 | 2.10 | 2.27 | 2.56 | 2.47 | 2.70 |
| Profit before tax | 4.40 | 4.18 | 4.81 | 4.87 | 5.68 | 6.25 | 5.92 | 5.37 | 7.06 | 8.85 | 9.82 | 10.33 | 11.67 |
| Tax % | 21.36% | 25.84% | 25.57% | 31.62% | 28.35% | 25.60% | 29.39% | 28.86% | 23.94% | 25.99% | 22.61% | 25.94% | 28.62% |
| Net Profit + | 3.45 | 3.10 | 3.59 | 3.33 | 4.06 | 4.65 | 4.18 | 3.82 | 5.37 | 6.54 | 7.61 | 7.66 | 8.32 |
| EPS in Rs | 3.19 | 2.86 | 3.32 | 3.08 | 3.75 | 4.30 | 3.86 | 3.53 | 4.96 | 6.04 | 7.03 | 7.08 | 7.69 |
Financials of Dhabriya Polywood Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 72 | 69 | 94 | 131 | 121 | 112 | 106 | 134 | 171 | 211 | 235 | 264 |
| Expenses + | 62 | 58 | 80 | 113 | 105 | 97 | 93 | 120 | 153 | 180 | 197 | 210 |
| Operating Profit | 10 | 11 | 15 | 18 | 16 | 15 | 13 | 14 | 18 | 31 | 38 | 55 |
| OPM % | 14% | 15% | 15% | 14% | 13% | 13% | 13% | 10% | 11% | 15% | 16% | 21% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Interest | 3 | 3 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 | 5 |
| Depreciation | 2 | 2 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 7 | 9 | 10 |
| Profit before tax | 5 | 6 | 8 | 10 | 8 | 6 | 6 | 7 | 11 | 20 | 25 | 41 |
| Tax % | 34% | 34% | 34% | 30% | 29% | 29% | 28% | 25% | 22% | 28% | 27% | 26% |
| Net Profit + | 3 | 4 | 5 | 7 | 6 | 4 | 4 | 5 | 8 | 14 | 18 | 30 |
| EPS in Rs | 3.30 | 3.52 | 4.68 | 6.33 | 5.14 | 4.07 | 4.13 | 4.70 | 7.84 | 13.01 | 16.66 | 27.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% | 5% | 4% | 3% |
Financials of Dhabriya Polywood Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 12 | 13 | 20 | 30 | 35 | 40 | 44 | 49 | 58 | 71 | 89 | 119 |
| Borrowings + | 26 | 34 | 41 | 44 | 47 | 44 | 49 | 54 | 57 | 53 | 53 | 76 |
| Other Liabilities + | 17 | 14 | 20 | 22 | 21 | 20 | 14 | 16 | 19 | 29 | 28 | 19 |
| Total Liabilities | 64 | 71 | 92 | 107 | 115 | 115 | 117 | 130 | 145 | 165 | 181 | 226 |
| Fixed Assets + | 23 | 31 | 39 | 42 | 44 | 42 | 43 | 45 | 63 | 71 | 79 | 90 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 8 | 0 | 5 | 0 | 6 |
| Investments | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 38 | 38 | 53 | 64 | 71 | 70 | 68 | 76 | 83 | 88 | 102 | 129 |
| Total Assets | 64 | 71 | 92 | 107 | 115 | 115 | 117 | 130 | 145 | 165 | 181 | 226 |
Financials of Dhabriya Polywood Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 5 | 5 | 7 | 10 | 8 | 12 | 8 | 10 | 14 | 32 | 17 | |
| Cash from Investing Activity + | -4 | -10 | -7 | -5 | -5 | -4 | -8 | -7 | -13 | -20 | -12 | |
| Cash from Financing Activity + | 0 | 4 | 0 | -6 | -2 | -8 | 0 | -1 | -1 | -10 | -5 | |
| Net Cash Flow | 1 | -0 | 1 | -1 | 1 | -0 | -0 | 2 | 1 | 2 | 1 | |
| Free Cash Flow | 0 | -6 | 0 | 6 | 3 | 8 | -1 | 3 | 1 | 11 | 5 | |
| CFO/OP | 58% | 55% | 57% | 66% | 64% | 94% | 69% | 84% | 88% | 114% | 58% |
Financials of Dhabriya Polywood Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 104 | 91 | 70 | 80 | 92 | 82 | 61 | 46 | 41 | 44 | 44 |
| Inventory Days | 144 | 140 | 159 | 157 | 180 | 179 | 217 | 192 | 168 | 155 | 165 | 197 |
| Days Payable | 54 | 30 | 60 | 49 | 59 | 52 | 29 | 32 | 29 | 39 | 29 | 1 |
| Cash Conversion Cycle | 182 | 213 | 190 | 178 | 201 | 220 | 270 | 221 | 185 | 158 | 180 | 240 |
| Working Capital Days | 14 | 31 | 33 | 39 | 64 | 68 | 86 | 71 | 60 | 39 | 58 | 66 |
| ROCE % | 19% | 16% | 18% | 19% | 14% | 12% | 11% | 10% | 12% | 19% | 20% | 26% |
Guidance history
How Dhabriya Polywood Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Flat |
| Q4 FY25 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q2 FY25 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
38 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 | +21.5% | 75% |
| Last 6 months | +35.3% | 84% |
| Last 3 months | −1.4% | 62% |
The price is 20.5% below its all-time high of ₹587.1 (19 Aug 2026). Stocks more than 20% below their peak have their score halved, so 76 became 38.
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 Dhabriya Polywood Ltd: 0.4 × 75 + 0.4 × 84 + 0.2 × 62 = 76, halved to 38 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 22 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 Dhabriya Polywood Ltd's management said in earlier quarters
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