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10 Yrs X-Ray 
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Dhabriya Polywood Ltd (DHABRIYA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538715 NSE: DHABRIYA Plastic Products | Small Cap | Dhabriya Polywood Share Price
₹487.70 2.00 (0.41%)
As on 25-Sep'26 16:59
Dhabriya Polywood Ltd (DHABRIYA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538715 NSE: DHABRIYA Plastic Products | Small Cap | Dhabriya Polywood Share Price
₹487.70 2.00 (0.41%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹528 Cr.
Current Price
₹487.7
52-Week Low / High
₹280 / 595
TTM EPS
₹30
TTM Sales
₹271 Cr.
Book Value per Share
₹127.9
P/E Ratio
16.26
Lower than its 5-year historical median
Industry PE
37.1
Price to Book (P/B)
3.81
Lower than its 5-year historical median
Price to Sales (P/S)
1.95
Lower than its 5-year historical median
EV/EBITDA
10.05
Lower than its 5-year historical median
Dividend Yield
0.14%
Profitability Efficiency
Return on Equity (ROE)
19.79%
Outperforms industry median
Return on Capital Employed (ROCE)
20.43%
Outperforms industry median
Return on Assets (ROA)
10.20%
Operating Profit Margin
16%
Net Profit Margin
7.67%
Gross Profit Margin
14.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
15.52%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
20.93%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
28.05%
Asset Quality
Promoter Holding
67.75%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹128 Cr.
Equity
₹10.8 Cr.
Face Value
₹10
All Time Low / High
₹12.84 / 595.00
Check Before You Invest
Quality
Very GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Dhabriya Polywood Ltd a good quality company?
Dhabriya Polywood Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Dhabriya Polywood Ltd performance compare with that of its Peers?
Revenue growth of Dhabriya Polywood Ltd vs industry peers?
Dhabriya Polywood Ltd revenue CAGR is 16.00%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Dhabriya Polywood Ltd?
Promoters hold 67.75% of the Dhabriya Polywood Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Dhabriya Polywood Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dhabriya Polywood Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.9% | 15.4% | 14.3% | 10.9% | 7.7% | 5.7% | 5.5% | 8.2% | 11.9% | 14.5% | - |
| Value Creation Index ⓘ | 0.1 | 0.1 | 0.0 | -0.2 | -0.5 | -0.6 | -0.6 | -0.4 | -0.2 | 0.0 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 62.2 | 72.9 | 78.1 | 73.7 | 60.2 | 55.1 | 73.5 | 87.6 | 113 | 130 | 151 |
| Sales YoY Gr. | - | 17.2% | 7.2% | -5.6% | -18.4% | -8.3% | 33.4% | 19.1% | 28.7% | 15.5% | - |
| Adj EPS ⓘ | 3 | 3.4 | 3.6 | 2.6 | 1.5 | 0.5 | 0.9 | 2.8 | 4.5 | 7 | 13.8 |
| YoY Gr. | - | 14.1% | 6.5% | -29.2% | -40.5% | -69.9% | 93.5% | 215.7% | 60.9% | 54.9% | - |
| BVPS (₹) ⓘ | 21.5 | 26 | 32.2 | 35 | 36.2 | 36.8 | 37.8 | 40.7 | 44.8 | 51.4 | 66.8 |
| Adj Net Profit ⓘ | 3.1 | 3.6 | 3.9 | 2.8 | 1.7 | 0.5 | 1 | 3.1 | 4.9 | 7.6 | 15 |
| Cash Flow from Ops. ⓘ | 4.9 | 6.9 | 6.5 | 8.7 | 8.5 | 0.1 | 5.7 | 3.9 | 15.9 | 12.5 | - |
| Debt/CF from Ops. ⓘ | 6.9 | 5.3 | 5.5 | 4.1 | 4 | 345.2 | 8 | 12.9 | 3.2 | 4.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.6% | 16.7% | 21% | 15.5% | ||||
| Adj EPS ⓘ | 9.9% | 35.5% | 98.9% | 54.9% | ||||
| BVPSⓘ | 10.2% | 7.3% | 10.8% | 14.8% | ||||
| Share Price | 16.6% | 47% | 13.7% | 18.7% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14.9 | 14.5 | 12.6 | 7.7 | 4.3 | 1.3 | 2.4 | 7.2 | 10.6 | 14.6 | 23.3 |
| Op. Profit Mgn % ⓘ | 16.1 | 15.9 | 15.7 | 13.7 | 13.7 | 11.5 | 9.2 | 11 | 13.2 | 14.8 | 19.6 |
| Net Profit Mgn % ⓘ | 4.9 | 4.9 | 5 | 3.8 | 2.8 | 0.9 | 1.3 | 3.5 | 4.3 | 5.8 | 9.9 |
| Debt to Equity ⓘ | 1.5 | 1.3 | 1 | 0.9 | 0.9 | 1.1 | 1.1 | 1.2 | 1 | 0.9 | - |
| Working Cap Days ⓘ | 174 | 166 | 195 | 225 | 277 | 302 | 236 | 217 | 184 | 180 | 98 |
| Cash Conv. Cycle ⓘ | 127 | 120 | 139 | 153 | 179 | 222 | 186 | 169 | 138 | 137 | 30 |
Valuation of Dhabriya Polywood - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 69 | 98 | 132 | 121 | 112 | 106 | 134 | 171 | 212 | 235 |
| Operating Expenses ⓘ + | 59 | 83 | 114 | 105 | 97 | 93 | 120 | 153 | 181 | 198 |
| Operating Profit ⓘ | 10 | 15 | 18 | 16 | 15 | 13 | 14 | 18 | 31 | 38 |
| Operating Profit Margin (%) | 15.1% | 14.9% | 13.8% | 13.2% | 13.1% | 12.7% | 10.2% | 10.8% | 14.7% | 16.0% |
| Other Income ⓘ + | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 3 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 5 |
| Depreciation ⓘ | 2 | 3 | 4 | 4 | 4 | 3 | 3 | 4 | 7 | 9 |
| Profit Before Tax ⓘ | 6 | 8 | 10 | 8 | 6 | 6 | 7 | 11 | 20 | 25 |
| Tax ⓘ | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 5 | 7 |
| Profit After Tax | 4 | 5 | 7 | 6 | 4 | 4 | 5 | 8 | 14 | 18 |
| PAT Margin (%) | 5.2% | 5.1% | 5.2% | 4.6% | 3.9% | 4.2% | 3.8% | 5.0% | 6.7% | 7.7% |
| Adjusted EPS (₹) | 3.5 | 4.7 | 6.3 | 5.1 | 4.1 | 4.1 | 4.7 | 7.8 | 13.0 | 16.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6.40% | 3.80% | 4.20% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 24 | 30 | 41 | 46 | 50 | 55 | 60 | 69 | 82 | 100 | |
| Debt + | 30 | 37 | 42 | 44 | 41 | 43 | 46 | 48 | 45 | 45 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 3 | 8 | 10 | 11 | 9 | 5 | 8 | 9 | 13 | 10 | |
| Others Liabilities ⓘ | 16 | 16 | 17 | 15 | 16 | 16 | 18 | 22 | 28 | 31 | |
| Total Liabilities ⓘ | 72 | 93 | 108 | 116 | 116 | 119 | 132 | 147 | 168 | 185 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 31 | 39 | 42 | 41 | 40 | 41 | 44 | 61 | 69 | 77 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 3 | 7 | 8 | 0 | 5 | 0 | |
| Investments ⓘ | 1 | 0 | 1 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 14 | 22 | 31 | 33 | 30 | 36 | 45 | 49 | 50 | 56 | |
| Trade Receivables | 20 | 23 | 25 | 26 | 28 | 24 | 22 | 22 | 24 | 28 | |
| Cash Equivalents | 2 | 2 | 2 | 3 | 3 | 2 | 4 | 5 | 7 | 7 | |
| Others Assets ⓘ | 4 | 6 | 8 | 10 | 10 | 9 | 9 | 10 | 13 | 16 | |
| Total Assets ⓘ | 72 | 93 | 108 | 116 | 116 | 119 | 132 | 147 | 168 | 185 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 5 | 7 | 10 | 8 | 12 | 8 | 10 | 14 | 32 | 17 |
| Cash Flow From Investing Activity ⓘ + | -10 | -7 | -5 | -5 | -4 | -8 | -7 | -13 | -20 | -12 |
| Cash Flow From Financing Activity ⓘ + | 4 | 0 | -6 | -2 | -8 | 0 | -1 | -1 | -10 | -5 |
| Net Cash Flow ⓘ | -0 | 1 | -1 | 1 | -0 | -0 | 2 | 1 | 2 | 1 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 16.71 | 18.41 | 19.36 | 12.84 | 9.14 | 8.48 | 8.83 | 13.16 | 18.64 | 19.79 |
| ROCE (%) | 16.69 | 18.17 | 18.76 | 14.35 | 11.94 | 10.68 | 9.78 | 12.47 | 18.88 | 20.43 |
| Asset Turnover Ratio | 1.1 | 1.27 | 1.34 | 1.07 | 0.96 | 0.91 | 1.07 | 1.23 | 1.34 | 1.33 |
| PAT to CFO Conversion(x) | 1.25 | 1.4 | 1.43 | 1.33 | 3 | 2 | 2 | 1.75 | 2.29 | 0.94 |
| Working Capital Days | ||||||||||
| Receivable Days | 91.80 | 75 | 65.90 | 78 | 89.20 | 89.50 | 63.30 | 47 | 39.40 | 40.60 |
| Inventory Days | 69.80 | 62.70 | 72.50 | 97.10 | 103.50 | 113.80 | 109.90 | 100.10 | 85.50 | 81.90 |
| Payable Days | 41.70 | 38 | 45.10 | 55.80 | 57.90 | 41.10 | 26.70 | 27.40 | 33.10 | 33.20 |
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Dhabriya Polywood Ltd FAQs
The current trading price of Dhabriya Polywood on 25-Sep-2026 16:59 is ₹487.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Dhabriya Polywood stood at ₹527.9 Cr
The latest P/E ratio of Dhabriya Polywood as of 24-Sep-2026 is 35.37.
The latest P/B ratio of Dhabriya Polywood as of 24-Sep-2026 is 7.30.
The 52-week high of Dhabriya Polywood is ₹595.0 and the 52-week low is ₹280.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhabriya Polywood is ₹151 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhabriya Polywood Ltd is a good quality company.
The key valuation ratios of Dhabriya Polywood Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dhabriya Polywood Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Dhabriya Polywood Ltd
Dhabriya Polywood started its operations in the year 1995 with production of U/R-PVC (Unplastisized/Rigid Poly Viny Chloride) Profiles under the brand name 'polywood'. Over the years, the company has gradually expanded its product base to include the PVC (Poly Vinyl Chloride) Section with various designs to suit the complete fabrication requirement of Doors, Windows, Partitions, False Ceilings, Wall Panelling, Pelmet, Kitchen Cabinets & other interior applications. The company’s products which are sold under the brand 'polywood' are wood substitute and have saved lakhs of trees per year which is a gift to the mankind. The company’s production process is eco-friendly with minimum effluence or wastage of resources.
The company is an ISO 9001:2008 & ISO 14001:2004 certified company and its Quality Management Systems and Environmental Management Systems confirms to the standards. It manufactures products at its factory located at B-9D(1), F-189 A & 189 B Malviya Industrial Area, Jaipur 302 017, Rajasthan, SP-2032(A), Ramchandrapura Industrial Area, Sitapura Extension, Jaipur-302022, Rajasthan and 239-A, Perur Main Road, Kumarapalayam, Coimbatore-641026, Tamil Nadu.
Business area of the company
The company is mainly into the business of manufacturing and selling of PVC profiles and fabrication of uPVC Doors and Windows, Partitions, False Ceiling, Paneling, Fencing, Prefabricated Structures, Prefabricated Walls & Buildings and allied products. The company is in business of PVC, uPVC, Polymers & Compounds and allied products for more than two decades. Apart from manufacturing, fabrication and selling of its products, it also undertakes supply and installation of its products at client site and also provide after sale services.
Products range of the company
Its product range includes wide variety of products coverings uPVC Window & Doors, Extruded PVC Profiles, PVC Doors, PVC Windows, Partitions, False Ceilings, Wall Panelling, Kitchen Cabinets, Folding Door & Shutters, Single Panel Door, PVC fencing, PVC Designer Doors, Prefabricated Buildings, security walls & other engineering profile sections.
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