Dhabriya Polywood Ltd

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

Dhabriya Polywood Ltd

₹ 389 6.78%
24 Dec 10:19 a.m.
polywood.org BSE: 538715
About

Incorporated in 1995, Dhabriya Polywood Ltd manufactures and sells Plastic products and Modular Furniture[1]

Key Points

Business Overview:[1][2]
DPL is a manufacturer & suppliers of Extruded uPVC/PVC (Unplasticized/Rigid Poly Vinyl Chloride) Profiles under brand Polywood, Sheets, Moldings & uPVC Windows & Doors etc. with various designs to suit the complete fabrication requirement of Doors, Windows, Partitions, False Ceilings, Wall Panelling, Pelmet, Kitchen Cabinets & other interior applications. Company has also launched for the first time in India some exquisite products like PVC Fluted Panels, PVC Folding Doors, PVC Designer Doors, PVC Fencing, System Aluminium Windows & Doors, SPC Flooring, PVC foam board, Wood Plastic Composite Panels.

Website BSE
  • Market Cap ₹ 421 Cr.
  • Current Price ₹ 389
  • High / Low ₹ 520 / 220
  • Stock P/E 70.5
  • Book Value ₹ 47.5
  • Dividend Yield 0.13 %
  • ROCE 11.9 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 168 days to 134 days

Cons

  • Stock is trading at 7.67 times its book value
  • Company has a low return on equity of 7.02% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.47%

* 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: Plastic products Industry: Plastics Products

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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
21.91 18.66 23.20 17.44 21.80 21.71 26.64 23.36 31.53 27.43 30.45 27.99 35.02
19.89 16.67 20.86 15.73 19.61 19.31 23.28 20.18 27.99 23.78 25.92 24.32 30.18
Operating Profit 2.02 1.99 2.34 1.71 2.19 2.40 3.36 3.18 3.54 3.65 4.53 3.67 4.84
OPM % 9.22% 10.66% 10.09% 9.81% 10.05% 11.05% 12.61% 13.61% 11.23% 13.31% 14.88% 13.11% 13.82%
0.02 0.05 0.06 0.05 0.04 0.01 0.08 0.03 0.11 0.56 0.13 0.05 0.08
Interest 0.90 0.84 0.74 0.79 0.88 0.85 0.95 1.20 1.16 1.13 1.27 1.11 1.20
Depreciation 0.57 0.59 0.60 0.54 0.57 0.57 0.70 0.85 1.03 1.19 1.12 1.07 1.17
Profit before tax 0.57 0.61 1.06 0.43 0.78 0.99 1.79 1.16 1.46 1.89 2.27 1.54 2.55
Tax % 0.00% 0.00% 28.30% 34.88% 6.41% 22.22% 29.61% 20.69% 27.40% 20.11% 33.48% 27.92% 28.24%
0.56 0.62 0.76 0.28 0.73 0.76 1.27 0.93 1.06 1.50 1.52 1.11 1.84
EPS in Rs 0.52 0.57 0.70 0.26 0.67 0.70 1.17 0.86 0.98 1.39 1.40 1.03 1.70
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
62 64 65 62 72 78 74 60 55 74 88 113 121
56 56 56 52 61 66 64 52 49 67 78 98 104
Operating Profit 6 7 9 10 12 12 10 8 6 7 10 15 17
OPM % 10% 11% 14% 16% 16% 16% 14% 14% 12% 9% 11% 13% 14%
0 0 0 0 0 0 0 -0 0 0 0 1 1
Interest 2 2 3 3 4 4 4 3 3 3 3 5 5
Depreciation 1 1 2 2 3 3 3 3 2 2 2 4 5
Profit before tax 3 4 4 5 6 6 4 2 1 1 4 7 8
Tax % 33% 34% 35% 35% 35% 33% 30% 33% 40% 22% 24% 26%
2 2 3 3 4 4 3 1 1 1 3 5 6
EPS in Rs 9.24 6.50 2.71 3.17 3.53 3.71 2.69 1.34 0.56 0.92 2.82 4.63 5.52
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 18% 11%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 27%
TTM: 17%
Compounded Profit Growth
10 Years: 7%
5 Years: 11%
3 Years: 102%
TTM: 49%
Stock Price CAGR
10 Years: 34%
5 Years: 60%
3 Years: 54%
1 Year: -4%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 7%
Last Year: 11%

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 2 3 8 10 11 11 11 11 11 11 11 11 11
Reserves 7 10 11 12 17 24 27 28 29 30 33 38 41
18 27 26 34 37 36 36 34 42 45 51 50 48
11 10 14 10 15 14 15 15 10 12 13 19 29
Total Liabilities 38 49 60 66 79 85 89 89 92 99 108 118 128
12 21 23 31 35 35 37 34 34 36 46 52 56
CWIP 0 0 0 0 0 0 0 3 6 7 0 0 0
Investments 2 2 2 2 2 5 5 5 5 5 5 5 5
24 26 34 33 42 45 47 47 47 52 57 60 67
Total Assets 38 49 60 66 79 85 89 89 92 99 108 118 128

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
5 2 5 5 7 7 9 8 0 6 4 16
-3 -10 -4 -10 -6 -3 -4 -4 -5 -4 -6 -11
-2 8 0 4 -1 -4 -4 -5 5 -0 2 -6
Net Cash Flow -0 0 0 -0 1 -0 0 -0 -0 1 0 -0

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 59 71 93 99 104 92 87 100 99 71 65 60
Inventory Days 97 85 127 132 138 175 194 249 314 245 243 201
Days Payable 35 29 53 30 56 56 78 88 49 53 45 48
Cash Conversion Cycle 121 127 168 201 186 212 204 262 364 262 263 213
Working Capital Days 69 73 88 108 112 130 149 178 224 190 181 134
ROCE % 21% 19% 17% 15% 15% 14% 11% 8% 6% 6% 8% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.22% 74.22% 74.22% 74.22% 74.22% 74.22% 74.22% 67.75% 67.75% 67.75% 67.75% 67.75%
0.00% 0.00% 0.13% 1.40% 1.40% 1.53% 1.53% 0.00% 0.00% 0.05% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.53% 0.63% 0.63% 0.52% 0.00%
25.78% 25.78% 25.65% 24.37% 24.38% 24.25% 24.25% 31.71% 31.62% 31.57% 31.71% 32.24%
No. of Shareholders 1,0981,1761,1981,3191,4301,4591,5782,7134,2354,7335,5747,385

* 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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DRHP

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