Duroply Industries Ltd

Duroply Industries Ltd

₹ 255 2.00%
22 Nov 11:35 a.m.
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.

  • Market Cap 252 Cr.
  • Current Price 255
  • High / Low 370 / 151
  • Stock P/E
  • Book Value 96.0
  • Dividend Yield 0.00 %
  • ROCE 2.51 %
  • ROE -10.5 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.60 times its book value
  • Company has low interest coverage ratio.
  • Promoters have pledged 36.5% of their holding.
  • Promoter holding has decreased over last 3 years: -8.07%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
182 207 218
182 205 214
Operating Profit 0 3 4
OPM % 0% 1% 2%
0 4 1
Interest 7 7 7
Depreciation 2 2 2
Profit before tax -8 -2 -5
Tax % -32% 0% 0%
-6 -2 -5
EPS in Rs -12.71 -4.03 -10.67
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 12%
Stock Price CAGR
10 Years: 25%
5 Years: 37%
3 Years: 30%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
Equity Capital 5 5 5
Reserves 9 44 39
52 56 56
49 61 63
Total Liabilities 115 165 162
14 16 16
CWIP 0 0 0
Investments 8 44 44
93 105 102
Total Assets 115 165 162

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
0 1 9
-1 1 -2
0 -3 -7
Net Cash Flow -1 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
Debtor Days 43 35 36
Inventory Days 173 190 173
Days Payable 144 153 149
Cash Conversion Cycle 72 72 59
Working Capital Days 61 56 45
ROCE % 2% 3%

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.

Click on the line-items to see the names of individual entities.

Documents

Concalls