Duroply Industries Ltd

Duroply Indust. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Duroply Industries Ltd

₹ 250 -0.89%
21 Nov - close price
sardaplywood.in BSE: 516003
About

Duroply Industries Ltd is primarily engaged in manufacturing and sale of Plywood, decorative veneers, block boards, doors, etc.[1] The company has been in plywood business since 1957.[2]

Key Points

History[1]
Duroply Industries Limited was founded in 1957 as Sarda Plywood Industries Pvt. Ltd. (name changed in 2018). The Company’s erstwhile business of tea chest manufacture was in Jeypore (Assam) and in 1964, company began producing commercial plywood. The Company entered veneers business in 1994, with a manufacturing facility getting commenced in Rajkot (Gujarat) in 1999. The Company sustained its two businesses (tea processing and plywood manufacture) until 2021, following which the tea business was divested through a slump sale and management focused on the plywood business.

Website BSE
  • Market Cap ₹ 247 Cr.
  • Current Price ₹ 250
  • High / Low ₹ 370 / 151
  • Stock P/E 85.0
  • Book Value ₹ 132
  • Dividend Yield 0.00 %
  • ROCE 6.08 %
  • ROE 0.98 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of -0.08% over last 3 years.
  • Promoters have pledged 36.5% of their holding.
  • Promoter holding has decreased over last 3 years: -8.07%
  • Working capital days have increased from 51.5 days to 73.6 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plywood Boards/Laminates Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
46.09 54.98 54.63 71.22 75.16 71.74 84.22 75.86 83.29 79.82 84.46 84.82 90.81
44.48 52.54 53.28 67.29 71.17 68.64 79.28 71.61 79.83 76.57 83.27 81.05 86.98
Operating Profit 1.61 2.44 1.35 3.93 3.99 3.10 4.94 4.25 3.46 3.25 1.19 3.77 3.83
OPM % 3.49% 4.44% 2.47% 5.52% 5.31% 4.32% 5.87% 5.60% 4.15% 4.07% 1.41% 4.44% 4.22%
0.31 0.28 1.35 0.18 0.49 0.22 1.26 0.19 0.21 0.26 0.25 0.23 0.28
Interest 2.71 2.02 1.84 1.71 1.77 1.45 1.88 1.80 1.79 2.07 2.69 1.67 1.82
Depreciation 0.68 0.69 0.78 0.84 0.84 0.85 0.85 0.88 0.89 0.91 1.01 1.07 1.15
Profit before tax -1.47 0.01 0.08 1.56 1.87 1.02 3.47 1.76 0.99 0.53 -2.26 1.26 1.14
Tax % -17.01% -7,600.00% 4,587.50% 31.41% 36.90% 29.41% 34.87% 26.70% 34.34% 41.51% -45.58% -163.49% 57.02%
-1.21 0.77 -3.59 1.06 1.19 0.72 2.26 1.28 0.65 0.31 -1.23 3.32 0.50
EPS in Rs -1.87 1.19 -5.56 1.64 1.59 0.96 2.91 1.65 0.84 0.37 -1.25 3.37 0.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
188 183 203 182 207 218 228 207 181 191 302 323 340
184 185 197 182 205 214 218 201 182 186 286 311 328
Operating Profit 4 -2 7 0 3 4 10 6 -1 5 16 12 12
OPM % 2% -1% 3% 0% 1% 2% 4% 3% -1% 3% 5% 4% 4%
0 0 0 0 4 1 1 2 10 2 2 1 1
Interest 5 7 7 7 7 7 7 8 10 9 7 8 8
Depreciation 2 2 2 2 2 2 2 3 3 3 3 4 4
Profit before tax -3 -10 -2 -8 -2 -5 1 -2 -5 -5 8 1 1
Tax % -31% -38% -70% -32% -0% 1% 22% 76% -49% 40% 34% -0%
-2 -6 -0 -6 -2 -5 1 -4 -2 -6 5 1 3
EPS in Rs -4.14 -14.32 -1.08 -12.71 -4.16 -10.51 1.52 -6.32 -3.79 -9.77 6.73 1.02 3.00
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 21%
TTM: 8%
Compounded Profit Growth
10 Years: 8%
5 Years: 1%
3 Years: 28%
TTM: -41%
Stock Price CAGR
10 Years: 25%
5 Years: 37%
3 Years: 30%
1 Year: 47%
Return on Equity
10 Years: -5%
5 Years: -4%
3 Years: 0%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 5 5 5 6 6 6 6 8 10 10
Reserves 22 16 15 9 44 73 71 66 64 57 78 112 120
42 51 45 52 56 53 49 55 68 59 46 48 61
56 51 54 49 61 68 80 87 71 82 93 91 83
Total Liabilities 125 122 119 115 165 199 206 214 209 205 225 260 274
15 15 14 14 16 103 101 104 98 102 102 103 105
CWIP 0 0 0 -0 0 -0 -0 0 0 0 0 0 2
Investments 8 8 8 8 44 0 0 0 0 0 0 9 1
101 99 97 93 105 96 105 110 110 102 122 148 166
Total Assets 125 122 119 115 165 199 206 214 209 205 225 260 274

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6 -1 12 0 1 9 14 6 -5 24 3 -17
-1 -1 -1 -1 1 -2 -3 -2 4 -2 -2 -10
8 2 -12 0 -3 -7 -12 -2 -1 -22 -1 27
Net Cash Flow 1 -0 -1 -1 -0 -0 0 1 -1 0 -0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 54 53 43 35 36 38 37 36 38 35 39
Inventory Days 175 170 142 173 190 173 179 224 197 195 134 149
Days Payable 156 143 141 144 153 150 178 210 169 175 119 109
Cash Conversion Cycle 77 82 55 72 72 59 39 50 64 59 49 79
Working Capital Days 74 70 55 61 56 45 36 37 65 38 43 74
ROCE % 4% -5% 8% -2% 2% 2% 7% 3% -2% 3% 12% 6%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.09% 63.09% 63.09% 56.51% 56.51% 58.06% 58.06% 58.06% 61.52% 55.01% 55.01% 55.01%
0.17% 0.17% 0.17% 0.14% 0.14% 0.14% 0.14% 0.14% 0.12% 0.11% 0.11% 0.11%
36.74% 36.74% 36.74% 43.35% 43.34% 41.79% 41.79% 41.80% 38.37% 44.88% 44.88% 44.89%
No. of Shareholders 6,5266,4836,9406,9726,8856,8456,9507,0707,5057,2407,0466,991

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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