MarketFriction

Dhabriya Polywood Ltd

NSE DHABRIYA · BSE 538715 · Plastic Products - Industrial
₹463.80 -1.90%
NSE close2026-10-01
52 week range460.00 - 603.00
Market cap₹500 Cr.
P/E15.4
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales54.6552.0254.7858.6958.0554.9063.4762.0966.9965.6669.7468.31
Expenses47.0644.2246.0849.4548.8746.0553.2349.7453.3351.8155.0252.55
Operating Profit7.597.808.709.249.188.8510.2412.3513.6613.8514.7215.76
OPM %13.89%14.99%15.88%15.74%15.81%16.12%16.13%19.89%20.39%21.09%21.11%23.07%
Other Income0.120.140.220.120.180.120.160.140.200.290.870.13
Interest1.241.211.331.181.261.181.241.371.481.341.221.43
Depreciation1.661.861.911.932.182.422.102.272.562.472.702.57
Profit before tax4.814.875.686.255.925.377.068.859.8210.3311.6711.89
Tax %25.57%31.62%28.35%25.60%29.39%28.86%23.94%25.99%22.61%25.94%28.62%25.57%
Net Profit3.593.334.064.654.183.825.376.547.617.668.328.86
EPS in Rs3.323.083.754.303.863.534.966.047.037.087.698.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6994131121112106134171211235264271
Expenses58801131059793120153180197210213
Operating Profit111518161513141831385558
OPM %15%15%14%13%13%13%10%11%15%16%21%21%
Other Income000001001111
Interest345554445555
Depreciation23444334791010
Profit before tax681086671120254144
Tax %34%34%30%29%29%28%25%22%28%27%26%
Net Profit4576445814183032
EPS in Rs3.524.686.335.144.074.134.707.8413.0116.6627.8529.99
Dividend Payout %0%0%0%0%0%0%0%6%5%4%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%20%16%14%
Compounded Profit Growth24%46%53%63%
Stock Price CAGR17%47%12%16%
Return on Equity17%19%22%26%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital81011111111111111111111
Reserves1213203035404449587189119
Borrowings263441444744495457535376
Other Liabilities171420222120141619292819
Total Liabilities647192107115115117130145165181226
Fixed Assets233139424442434563717990
CWIP000003780506
Investments220000000000
Other Assets38385364717068768388102129
Total Assets647192107115115117130145165181226
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity557108128101432178
Cash from Investing Activity-4-10-7-5-5-4-8-7-13-20-12-26
Cash from Financing Activity040-6-2-80-1-1-10-517
Net Cash Flow1-01-11-0-02121-1
Free Cash Flow0-60638-131115-19
CFO/OP58%55%57%66%64%94%69%84%88%114%58%27%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9210491708092826146414444
Inventory Days144140159157180179217192168155165197
Days Payable54306049595229322939291
Cash Conversion Cycle182213190178201220270221185158180240
Working Capital Days143133396468867160395866
ROCE %19%16%18%19%14%12%11%10%12%19%20%26%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%
FIIs0.00%0.00%0.05%0.00%0.00%0.00%1.47%1.51%1.51%1.51%1.51%1.51%
DIIs0.53%0.63%0.63%0.52%0.00%0.00%0.37%0.37%0.37%0.37%0.37%0.45%
Public31.71%31.62%31.57%31.71%32.24%32.24%30.40%30.37%30.38%30.37%30.37%30.29%
No. of Shareholders2,7134,2354,7335,5747,3857,7707,3537,4867,5477,4177,2357,032

Fundamentals

Market Cap₹ 500 Cr.
Current Price₹ 472
Stock P/E15.4
Book Value₹ 120
ROCE25.6 %
ROE26.3 %
Dividend Yield0.15 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)63%
Consolidated figures.
Valuation
Market capRs 492 Cr
Enterprise valueRs 562 Cr
P/E (TTM)15.15x
Price to book3.79x
Price to sales1.82x
EV / EBITDA9.44x
EV / EBIT11.42x
EV / sales2.07x
Price to cash flow60.09x
Earnings yield6.60%
Dividend yield0.15%
P/E, 3-year average19.16x
P/B, 3-year average3.37x
P/E, 5-year average18.06x
P/B, 5-year average2.55x
Profitability
Operating margin (excl. other income)20.64%
Operating margin (incl. other income)21.20%
EBITDA margin21.97%
Pre-tax margin16.15%
Net profit margin11.99%
Net margin, latest quarter12.97%
ROE26.27%
ROCE25.65%
ROA14.82%
ROE, 3-year average21.56%
ROCE, 3-year average21.65%
ROA, 3-year average11.45%
ROE, 5-year average17.34%
ROCE, 5-year average17.44%
ROA, 5-year average8.92%
ROIC (approx.)18.26%
Tax rate25.89%
Other income / net worth1.15%
Growth
Sales growth (latest year)12.59%
Profit growth (latest year)67.17%
Sales CAGR, 3 years15.61%
Sales CAGR, 5 years19.99%
Profit CAGR, 3 years52.55%
Profit CAGR, 5 years46.48%
Sales growth QoQ-2.05%
Profit growth QoQ6.49%
Sales growth YoY (latest quarter)10.02%
Profit growth YoY (latest quarter)35.47%
Per share
EPS (TTM)Rs 30.62
EPS (latest quarter)Rs 8.36
EPS, 3-year averageRs 14.83
EPS, 5-year averageRs 10.55
Book value per shareRs 122.28
Sales per shareRs 255.44
Cash flow per shareRs 7.72
Free cash flow per shareRs -17.93
Dividend per share, 3-year averageRs 0.70
Dividend per share, 5-year averageRs 0.63
Dividends
Dividend payout2.52%
Dividend payout, 3-year average4.04%
Dividend payout, 5-year average4.62%
Efficiency
Asset turnover1.17x
Fixed asset turnover2.94x
Inventory turnover1.85x
Inventory days197 days
Debtor days44 days
Debtors turnover8.32x
Creditor days1 days
Cash conversion cycle240 days
Working capital days66 days
Leverage
Total debtRs 76 Cr
Cash and bankRs 6 Cr
Net debtRs 70 Cr
Debt to equity0.59x
Net debt / EBITDA1.18x
Interest coverage8.99x
Owners' fund to total sources57.46%
Debt to assets33.91%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Investing Activity (latest year)Rs -26 Cr
Cash from Financing Activity (latest year)Rs 17 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -19 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years1.08x
Sales to cash flow32.33x
Statement figures
Net sales (TTM)Rs 271 Cr
Net sales (latest year)Rs 264 Cr
Sales (latest quarter)Rs 68 Cr
Operating profit excl. other income (latest year)Rs 55 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 59 Cr
PBDT (TTM)Rs 54 Cr
Profit before tax (TTM)Rs 44 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 32 Cr
Net profit (latest year)Rs 30 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 128 Cr
Total expenditure (latest year)Rs 210 Cr
Total income (latest year)Rs 266 Cr
Share capitalRs 11 Cr
ReservesRs 119 Cr
Shareholders' fundsRs 130 Cr
Total assetsRs 226 Cr
Net blockRs 90 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 0 Cr
ReceivablesRs 32 Cr
InventoryRs 69 Cr
Other liabilitiesRs 19 Cr
Shares outstanding (crore)1.06
Ownership
Promoter holding67.75% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.5 is at the 34th percentile of its own 9.4-year range (median 20.5, low 4.9, high 51.6).
P/B 3.87 is at the 58th percentile (median 2.65).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDHABRIYANifty 50Difference
1 week-4.6%-2.8% -1.8 pts
1 month-12.5%-6.8% -5.7 pts
3 years+38.1%+14.2% +24.0 pts
5 years+572.2%+27.9% +544.3 pts

Red flags

F-score 5 of 8
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹68 Cr +10.0% vs Jun 2025. Net profit ₹9 Cr +35.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-23Dividend - Re 0.70 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03