Earning Call Transcript of Analyst Meeting is attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dhabriya Polywood delivered strong FY26 results with consolidated revenue of INR264 crores, up 12.5% YoY. However, this fell short of initial targets due to deferred execution on large project orders. The company achieved significant profitability improvement with EBITDA growing 45.6% to INR54.59 crores (margin expanded from 16% to 20.6%) and PAT growing 67.2% to INR30.14 crores. The Board approved a INR100 crores strategic capex program over FY26-FY28, with INR27 crores already deployed to expand PVC/WPC profile extrusion and build aluminum glazing infrastructure. The company has the highest-ever order book of INR174 crores and has already closed INR50+ crores orders for the new aluminum windows division. Management guided for approximately 30% CAGR revenue growth while maintaining 20%+ EBITDA margins going forward.
The strong margin expansion and highest-ever order book provide good revenue visibility for FY27. The new aluminum windows and WPC product verticals are expected to be meaningful growth drivers. However, the 30% CAGR target appears ambitious given historical growth rates.