Please find attached the update of group meeting of Analyst/Institutional Investor held on Thursday December 04, 2025 organized by Hem Securities - Samrudhi 2025 Virtual SME Conclave.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dhabriya Polywood's management met analysts and institutional investors virtually on December 4, 2025, presenting a detailed business and growth overview. The company is a multi-vertical wood substitute solutions provider (PVC profiles contribute 58-60% of revenue, modular furniture 16-18%, plus UPVC windows & doors) with marquee clients like DLF, Adani, Godrej, and M3M. FY25 revenue was ₹235 Cr (up from ₹211 Cr), H1FY26 revenue reached ₹129 Cr (+11% YoY), with EBITDA margin at 20.2% and PAT margin at 11%. Management highlighted margin expansion driven by value-added products like fluted and soffit panels, planned ₹50-60 Cr capex over 3 years (₹15-20 Cr in FY26), capacity headroom to double revenues (current utilization at 50-60%), and a target to double revenue by FY29 with 15-20% annual growth. Key risks flagged include Chinese imports in Tier 2/3 markets, PVC resin price dependency, and working capital pressure from project retention money.
The update is broadly positive — management is guiding for continued margin improvement and strong 15-20% annual growth with no major capex strain, supported by underutilized capacity. Shareholders should view it as a constructive outlook, though Chinese import competition and project-business working capital cycles remain watchpoints.