Companies›Industrials›Capital Goods›Industrial Products
NSE:DHABRIYA

DHABRIYA POLYWOOD LTD.

Capital Goods › Industrial Products
₹456.00
at close · 28 Oct 2026
▼ 2.50 (-0.55%)

Latest filings

  1. Board meeting set for November 6 to approve September results · Results
  2. Work order worth Rs 11.79 Crore from Conscient Group · Business Updates
  3. Work order worth Rs 24.72 Crore from Emaar India and Godrej Properties · Business Updates
All filings ↓
Ask Nexa about DHABRIYA POLYWOOD LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and installs uPVC profiles, doors and windows, wood-plastic composite (WPC) doors and wall/ceiling panels, fluted panels, and aluminum windows and facades, and through a wholly owned subsidiary makes modular kitchens, wardrobes and furniture under the Studio Arezzo and Dynasty brands. Revenue comes from two segments: Plastic Products (FY26 segment revenue of ₹221.95 crore), covering PVC/uPVC profiles, WPC products, fluted panels and the new aluminum glazing line; and Modular Furniture (FY26 segment revenue of ₹43.59 crore), executed mainly through subsidiaries Dynasty Modular Furnitures and Polywood Green Building Systems. Customers are real-estate developers, builders, contractors, architects, interior designers and retail walk-ins, served through more than 800 channel partners and Studio Arezzo showrooms. Raw materials are the largest cost at 50.6% of FY26 revenue, followed by employees at 15.9% and other operating expenses at 15.0%. The company is mid-investment-cycle, with a ₹100 crore capex programme running from FY26 to FY28, of which ₹27 crore was deployed in FY26, directed at new extrusion capacity, an aluminum windows plant and a WPC door line.

Operating scale
Order book at FY26 year-end
₹174 crore (record high)FY26
Aluminum windows and facade order book
₹56 croreFY26
Fluted Panel revenue
₹54 crore (up from ₹38 crore)FY26
PVC extrusion capacity utilization
60%+ (target 80-85% by end FY27)FY26
FY26-FY28 capex programme
₹100 crore (₹27 crore deployed in FY26)FY26-FY28
Channel partners
800+FY26
Who pays it
Real-estate developers, builders, contractors, architects, interior designers and retail customers, reached through channel partners and Studio Arezzo showrooms
Biggest cost
Raw materials (PVC resin, polymers, aluminum) at 50.6% of FY26 revenue
Kind of business
Multi-product building-materials and modular-furniture manufacturer exposed to real-estate and interiors demand
Where it sits
BSE-listed mid-cap industrial products company with FY26 consolidated revenue of ₹264.48 crore, expanding from a uPVC-profile base into WPC doors, fluted panels and aluminum facades
Market Cap
₹494 Cr
P / E (TTM)
16.4×
EV / EBITDA
10.1×
Div Yield
0.15%
Growth
20.0%▲
Revenue 5y CAGR
PAT +46.5% · EBITDA +32.0%
Quality
23.0%▲
ROCE (5y median)
ROE 17.1% (5y median) · margin 21.2%
Leverage
0.59·
Debt / Equity · moderate
Net debt ₹70 Cr
Revenue FY21→FY26
2.5×▲
Margin +7.2 pts
₹106 Cr → ₹264 Cr
Cash conversion
1.07×▲
Operating cash ÷ profit · 5 yrs
₹81 Cr on ₹76 Cr
Where it sits among 58 Plastic Products - Industrial peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#29/46
P/B#35/42
ROCE#2/56
ROE#2/45
Debt / Equity#35/45
EBITDA margin#4/43
Revenue growth#26/49
Profit growth#16/47

Scorecard

Measured from the filed financials, judged against its Plastic Products - Industrial peers · as of FY26 — not investment advice

Strengths
Revenue compounding 20% a year over 5 years
Profit compounding 47% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 23.0% (5-year median)
#2 of 56 in Plastic Products - Industrial on the latest reported figures · up from 13.6% in FY21
Over 5 years it reported ₹76 Cr of profit and ₹81 Cr of operating cash — 1.07×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.59× equity
higher than 77% of its 45 Plastic Products - Industrial peers
Heavy working capital — 139 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

DHABRIYA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from DHABRIYA POLYWOOD LTD.'s filed financials and exchange disclosures

What does DHABRIYA POLYWOOD LTD. do?

DHABRIYA POLYWOOD LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol DHABRIYA.

Is DHABRIYA POLYWOOD LTD. profitable?

Yes. Over the trailing twelve months DHABRIYA POLYWOOD LTD. reported a net profit of ₹30 Cr on revenue of ₹264 Cr.

Does DHABRIYA POLYWOOD LTD. pay a dividend?

Yes. The dividend yield is 0.15% at the current price. It paid out 3% of its profit as dividend in FY26.

Is DHABRIYA POLYWOOD LTD. debt-free?

No. It reported borrowings of ₹76 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹70 Cr after cash. Debt stands at 0.59× equity. That is higher than 77% of its 45 Plastic Products - Industrial peers.

Is DHABRIYA POLYWOOD LTD. expensive compared with its peers?

On trailing P/E, DHABRIYA POLYWOOD LTD. ranks 29 of 46 in Plastic Products - Industrial — cheaper than 38% of them, against an industry median of 14.4×. This is a position, not a valuation judgement.

Where can I track DHABRIYA POLYWOOD LTD.'s announcements?

Every NSE and BSE filing by DHABRIYA POLYWOOD LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.