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NSE:DVL

DHUNSERI VENTURES LIMITED

Capital Goods › Industrial Products
₹268.15
at close · 28 Oct 2026
▲ 6.15 (+2.35%)

Latest filings

  1. Credit rating reaffirmed at IVR A1+ for 30 Crore bank facility · Credit & Debt
  2. Trading window closed from Oct 1 ahead of Q2 results · Compliance
  3. Dhunseri Ventures re-appoints MD and Independent Director · Management Changes
All filings ↓
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Snapshot

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

AI · written from filings

Makes flexible packaging items, which generated 87.3% of segment revenue at Rs 350.51 crore in the period ending 31 March 2026, with a 6.6% segment EBIT margin. The remaining segment revenue came from a discontinued Foods and Beverages operation (7.4%, Rs 29.54 crore) and Treasury Operations (5.3%, Rs 21.25 crore), with Trading contributing nothing. A wholly-owned subsidiary, Dhunseri Poly Films Pvt Ltd, is adding a Brownfield BOPET Line of 59,200 tonnes per annum capacity and a 10,200 TPA Metallizer unit at Panagarh Industrial Park in West Bengal, funded in part by a corporate guarantee from DVL to EXIM Bank covering a Rs 118 crore rupee term loan and a Euro 32 million term loan. The company also runs a PET Resins trading arrangement with related party IVL Dhunseri Petrochem capped at 45,000 tonnes annually and Rs 350 crore. Results are consolidated with associates IVL Dhunseri Petrochem and IVL Dhunseri Polyester Co. SAE, which contributed Rs 14,978.20 lakhs of share of profits in the consolidated FY26 numbers. The biggest cost line is materials at 66.5% of revenue, and capex was 193.9% of revenue, reflecting the ongoing packaging capacity build-out. Twelve Cupcakes Pte. Ltd, identified as a material subsidiary, entered creditors voluntary winding-up in Singapore in October 2025.

Revenue mix · reported segments
Flexible Packaging Items87.3%
Foods and Beverages (discontinued operations)7.4%
Treasury Operations5.3%
Trading0.0%
Operating scale
Brownfield BOPET Line capacity
59,200 TPAFY26
Metallizer unit capacity
10,200 TPAFY26
PET Resins related-party trading cap
45,000 tonnes per year, Rs 350 croreFY26
Packaging plant location
Panagarh Industrial Park, West BengalFY26
Total dividend declared
Rs 5.00 per share (Rs 3.50 interim + Rs 1.50 final)FY26
Capex
Rs 720.76 croreFY26
Who pays it
Converters and brand owners buying flexible packaging film, plus related-party offtake by IVL Dhunseri Petrochem for PET Resins trading.
Biggest cost
Raw materials at 66.5% of revenue
Kind of business
Capital-intensive packaging manufacturing with a large ongoing capacity expansion.
Where it sits
Packaging-focused listed entity, classified under Industrials / Capital Goods / Industrial Products / Packaging, with consolidated results driven materially by associates in PET and polyester.
Market Cap
₹939 Cr
P / E (TTM)
4.8×
EV / EBITDA
58.2×
Div Yield
3.17%
Growth
15.4%▲
Revenue 5y CAGR
PAT -17.7% · EBITDA -34.1%
Quality
1.9%·
ROCE (5y median)
ROE 5.1% (5y median) · margin 5.5%
Leverage
0.29·
Debt / Equity · low
Net debt ₹861 Cr
Revenue FY21→FY26
2.0×▲
Margin −104.7 pts
₹182 Cr → ₹372 Cr
Cash conversion
-0.29×▼
Operating cash ÷ profit · 5 yrs
₹-370 Cr on ₹1,285 Cr
Moves on a normal day
1.24%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 72 Packaging peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#8/64
P/B#2/61
ROCE#60/68
ROE#43/61
Debt / Equity#26/61
EBITDA margin#3/62
Revenue growth#12/61
Profit growth#15/60

Scorecard

Measured from the filed financials, judged against its Packaging peers · as of FY26 — not investment advice

Strengths
Revenue compounding 15% a year over 5 years
Pays out 34% of profit as dividend
Concerns
Profit shrinking over 5 years (−18% a year)
Erratic profits — up in only 2 of the last 5 years
Returns on capital 1.9% (5-year median)
#60 of 68 in Packaging on the latest reported figures · down from 7.5% in FY21
Over 5 years it reported ₹1,285 Cr of profit and an operating cash outflow of ₹370 Cr — -0.29×
Less than 60p of every ₹1 of profit arrived as cash

Charts

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

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▲ 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?

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Financials

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

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from DHUNSERI VENTURES LIMITED's filed financials and exchange disclosures

What does DHUNSERI VENTURES LIMITED do?

DHUNSERI VENTURES LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol DVL.

Is DHUNSERI VENTURES LIMITED profitable?

Yes. Over the trailing twelve months DHUNSERI VENTURES LIMITED reported a net profit of ₹191 Cr on revenue of ₹456 Cr.

Does DHUNSERI VENTURES LIMITED pay a dividend?

Yes. The dividend yield is 3.17% at the current price. It paid out 34% of its profit as dividend in FY26.

Is DHUNSERI VENTURES LIMITED debt-free?

No. It reported borrowings of ₹951 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹861 Cr after cash. Debt stands at 0.29× equity. That is lower than 58% of its 61 Packaging peers.

Is DHUNSERI VENTURES LIMITED expensive compared with its peers?

On trailing P/E, DHUNSERI VENTURES LIMITED ranks 8 of 64 in Packaging — cheaper than 89% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.

How much does the DHUNSERI VENTURES LIMITED share price move in a day?

On a typical session DHUNSERI VENTURES LIMITED moves 1.24% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track DHUNSERI VENTURES LIMITED's announcements?

Every NSE and BSE filing by DHUNSERI VENTURES LIMITED 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.