Manufactures polymer compounds, primarily cross-linked polyethylene (XLPE) and other compounds, used by wire and cable makers serving renewables, transmission and distribution, and data centre build-outs. Total installed capacity reached >315,000 MTPA after a 48,000 MTPA XLPE line at Bhiwadi commenced in April 2026. FY26 revenue of Rs 2,947.87 crore came in 13% higher year-on-year, with exports up 30% despite logistics disruptions from the Israel-Iran conflict; volumes were 201,370 MT. A new battery energy storage systems (BESS) business is being added, targeting 5 GW of phased installed capacity by 2030 with each gigawatt projected at INR800-900 crore of revenue. Raw materials — polymers and chemicals — account for 82.7% of revenue, the dominant cost line. CRISIL has reaffirmed an A+/Stable long-term rating on Rs 759 crore of bank facilities. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Polymer compounding (XLPE and other compounds), Battery energy storage systems (BESS). Specialty polymer compounding; raw-material-driven, asset-light on labour
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 2,504 | 2,431 | 2,603 | 2,948 |
| EBITDA (ex other income) | 160 | 258 | 269 | 287 |
| margin % | 6.4 | 10.6 | 10.3 | 9.7 |
| Owners' profit | 104 | 182 | 185 | 202 |
| EPS, as reported (₹) | 11.07 | 17.56 | 17.93 | 19.50 |
| ROE % · ROCE % | 21.1 · 33.3 | 27.5 · 39.0 | 22.2 · 31.3 | 19.9 · 28.9 |
| Debt / equity (x) | 0.11 | 0.10 | 0.05 | 0.05 |
| Cash from operations | 145 | 116 | 137 | 85 |
| Capex | (28) | (23) | (53) | (73) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 580 | 661 | 737 | 769 | 680 | 733 | 766 | 989 |
| Profit before tax | 60 | 64 | 69 | 70 | 64 | 67 | 73 | 85 |
| Net profit | 45 | 47 | 52 | 52 | 47 | 48 | 55 | 64 |
| EPS (₹) | 4.32 | 4.50 | 5.00 | 5.04 | 4.55 | 4.64 | 5.27 | 6.16 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PIDILITE INDUSTRIES LTD | 1,59,479 | 60.2 | 14.43 | 42.3 | 22.4 | 28.0 | 14.9 | 28.6 |
| SRF LTD | 73,583 | 34.0 | 5.24 | 22.7 | 13.1 | 13.1 | 13.4 | 25.2 |
| GUJARAT FLUOROCHEM LTD | 52,514 | 85.7 | 6.64 | 41.5 | 7.3 | 8.7 | 13.5 | 27.7 |
| NAVIN FLUORINE INT. LTD | 43,836 | 55.4 | 11.03 | 39.5 | 16.7 | 16.4 | 23.0 | 37.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · Notice of 6th AGM published in newspapers | compliance | minimal | — | — |
| 31 Aug 2026 · AGM on Sep 26, 2026; Final Dividend of Rs 1.25 per share declared | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Ddev Plastiks sets record date for AGM and final dividend | corporate actions | high | — | — |
| 31 Aug 2026 · AGM notice - Record date set for 19-Sep-2026 for final dividend | corporate actions | high | — | — |
| 31 Aug 2026 · TDS communication on FY26 dividend of Rs 1.25 per share | compliance | minimal | — | — |
| 31 Aug 2026 · AGM on 26 Sept 2026, web link for Annual Report FY25-26 shared | compliance | minimal | — | — |
| 14 Aug 2026 · Revised Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| 13 Aug 2026 · AGM Notice Published in Newspapers; 6th AGM on 26 September 2026 | compliance | minimal | — | — |
| 13 Aug 2026 · Ddev Plastiks Q1 FY27: Revenue up 29%, EBITDA crosses INR100cr | investor communications | medium | — | — |
| 11 Aug 2026 · Q1FY27 earnings call audio recording uploaded on website | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| AETHER INDUSTRIES LIMITED | 22,229 | 94.3 | 9.05 | 60.4 | 8.9 | 11.4 | — | 33.8 |
| DEEPAK NITRITE LTD | 21,769 | 27.8 | 3.71 | 22.4 | 9.4 | 10.2 | 12.6 | 21.5 |
| ATUL LTD | 18,401 | 23.1 | 2.92 | 14.9 | 10.9 | 13.3 | 10.9 | 23.1 |
| AARTI INDUSTRIES LTD | 17,846 | 33.6 | 3.00 | 18.8 | 7.0 | 4.4 | 13.0 | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.4 | 23.4 | 19 of 103 | 81% |
| P/B | 2.6 | 2.9 | 41 of 99 | 59% |
| ROCE | 26.1 | 10.3 | 11 of 108 | 91% |
| ROE | 19.9 | 8.1 | 12 of 101 | 89% |
| Debt / Equity | 0.1 | 0.2 | 36 of 101 | 65% |
| EBITDA margin | 10.2 | 15.5 | 73 of 99 | 27% |
| Revenue growth | 28.6 | 24.4 | 35 of 94 | 63% |
| Profit growth | 22.3 | 55.1 | 59 of 92 | 36% |
| Market cap | 2649 | 732 | 34 of 107 | 69% |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
