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Duroply Industries Ltd (516003)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516003 NSE: Wood & Wood Products | Small Cap | Duroply Industries Share Price
₹99.55 1.05 (1.07%)
As on 24-Aug'26 16:59
Duroply Industries Ltd (516003)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 516003 NSE: Wood & Wood Products | Small Cap | Duroply Industries Share Price
₹99.55 1.05 (1.07%)
As on 24-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹107 Cr.
Current Price
₹99.6
52-Week Low / High
₹97 / 210
TTM EPS
₹1.8
TTM Sales
₹409 Cr.
Book Value per Share
₹140.9
P/E Ratio
53.59
Higher than its 5-year historical median
Industry PE
56.4
Price to Book (P/B)
0.70
Lower than its 5-year historical median
Price to Sales (P/S)
0.26
Lower than its 5-year historical median
EV/EBITDA
7.68
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.09%
Underperforms industry median
Return on Capital Employed (ROCE)
7.98%
Outperforms industry median
Return on Assets (ROA)
0.99%
Operating Profit Margin
5.3%
Net Profit Margin
0.73%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.31%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
24.37%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.16%
Asset Quality
Promoter Holding
50.22%
Pledged shares (%) of Promoter's holding (%)
6.71%
Reserves
₹142 Cr.
Equity
₹10.9 Cr.
Face Value
₹10
All Time Low / High
₹1.55 / 369.80
Check Before You Invest
Quality
Not GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Weak
Is Duroply Industries Ltd a good quality company?
Duroply Industries Ltd is a weak quality company, based on a inconsistent 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 Duroply Industries Ltd performance compare with that of its Peers?
Revenue growth of Duroply Industries Ltd vs industry peers?
Duroply Industries Ltd revenue CAGR is 17.30%, compared to the industry median CAGR of 5.44%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Duroply Industries Ltd?
Promoters hold 50.22% of the Duroply Industries Ltd, with 6.71% of their stake pledged, indicating low pledge risk.
Stock return of Duroply Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.7% 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.
Duroply Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.5% | 2.1% | 6.6% | 4.2% | 4% | 3.3% | 12.2% | 6.2% | 8.1% | 8% | - |
| Value Creation Index ⓘ | -0.5 | -0.9 | -0.5 | -0.7 | -0.7 | -0.8 | -0.1 | -0.6 | -0.4 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 207 | 218 | 228 | 207 | 181 | 191 | 302 | 323 | 372 | 403 | 409 |
| Sales YoY Gr. | - | 4.9% | 5% | -9.6% | -12.2% | 5.3% | 58.5% | 6.9% | 15% | 8.3% | - |
| Adj EPS ⓘ | -10.4 | -11.2 | 2.2 | -7.4 | -12.2 | -9.4 | 6.8 | 1.3 | 7.5 | 3 | 1.8 |
| YoY Gr. | - | NA | NA | -441.3% | NA | NA | NA | -81.6% | 496.8% | -60.5% | - |
| BVPS (₹) ⓘ | 106.5 | 166.9 | 120.1 | 112.7 | 108.6 | 98.9 | 110.1 | 123.1 | 130.3 | 140.4 | 140.9 |
| Adj Net Profit ⓘ | -4.7 | -5.1 | 1.4 | -4.8 | -7.9 | -6.1 | 5.3 | 1.2 | 7.4 | 3.2 | 2 |
| Cash Flow from Ops. ⓘ | 1.4 | 8.8 | 14.4 | 5.7 | -4.7 | 23.9 | 2.9 | -16.7 | -2.9 | 1.9 | - |
| Debt/CF from Ops. ⓘ | 38.7 | 6.1 | 3.4 | 9.6 | -14 | 2.2 | 14.2 | -2.5 | -17.8 | 33.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 7.7% | 17.3% | 10% | 8.3% | ||||
| Adj EPS ⓘ | NA | NA | -24.3% | -60.5% | ||||
| BVPSⓘ | 3.1% | 5.3% | 8.5% | 7.7% | ||||
| Share Price | 7.6% | 3.6% | -18.8% | -50.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -15.3 | -8.1 | 1.8 | -6.4 | -11.1 | -9.1 | 7 | 1.1 | 5.7 | 2.2 | 1.3 |
| Op. Profit Mgn % ⓘ | 1.4 | 1.8 | 4.7 | 3.2 | -0.6 | 2.7 | 5.6 | 3.8 | 4.7 | 5.3 | 5 |
| Net Profit Mgn % ⓘ | -2.3 | -2.3 | 0.6 | -2.3 | -4.4 | -3.2 | 1.8 | 0.4 | 2 | 0.8 | 0.5 |
| Debt to Equity ⓘ | 1.2 | 0.7 | 0.6 | 0.8 | 0.9 | 0.8 | 0.5 | 0.3 | 0.4 | 0.4 | - |
| Working Cap Days ⓘ | 141 | 155 | 157 | 184 | 214 | 197 | 131 | 148 | 157 | 157 | 78 |
| Cash Conv. Cycle ⓘ | 40 | 46 | 31 | 39 | 44 | 47 | 33 | 52 | 65 | 76 | 21 |
Valuation of Duroply Industries - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 36.46 | 36.46 | 36.46 | 36.46 | 36.30 | 36.30 | 6.71 | 6.71 | 6.71 | 6.71 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 207 | 218 | 228 | 207 | 181 | 191 | 302 | 323 | 372 | 403 |
| Operating Expenses ⓘ + | 205 | 214 | 218 | 201 | 183 | 186 | 286 | 311 | 355 | 382 |
| Operating Profit ⓘ | 3 | 4 | 10 | 6 | -2 | 5 | 16 | 12 | 17 | 21 |
| Operating Profit Margin (%) | 1.4% | 1.8% | 4.4% | 2.9% | -0.8% | 2.5% | 5.4% | 3.7% | 4.6% | 5.2% |
| Other Income ⓘ + | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 |
| Interest ⓘ | 7 | 7 | 7 | 8 | 10 | 9 | 7 | 8 | 7 | 9 |
| Depreciation ⓘ | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 | 6 |
| Profit Before Tax ⓘ | -2 | -5 | 1 | -2 | -5 | -5 | 8 | 1 | 7 | 7 |
| Tax ⓘ | 0 | 0 | 0 | 2 | -2 | 2 | 3 | 0 | -1 | 4 |
| Profit After Tax | -2 | -5 | 1 | -4 | -2 | -6 | 5 | 1 | 8 | 3 |
| PAT Margin (%) | -0.9% | -2.2% | 0.4% | -2.0% | -1.4% | -3.3% | 1.7% | 0.3% | 2.1% | 0.7% |
| Adjusted EPS (₹) | -4.2 | -10.5 | 1.5 | -6.3 | -3.8 | -9.8 | 6.7 | 1.0 | 7.9 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 48 | 75 | 78 | 73 | 70 | 64 | 86 | 121 | 129 | 152 | |
| Debt + | 53 | 51 | 47 | 52 | 61 | 50 | 38 | 39 | 50 | 63 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 50 | 52 | 64 | 65 | 53 | 57 | 64 | 64 | 78 | 51 | |
| Others Liabilities ⓘ | 1 | 20 | 17 | 24 | 24 | 34 | 37 | 36 | 36 | 35 | |
| Total Liabilities ⓘ | 153 | 199 | 206 | 214 | 209 | 205 | 225 | 260 | 293 | 302 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 16 | 103 | 101 | 104 | 98 | 102 | 102 | 103 | 108 | 125 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | |
| Investments ⓘ | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 1 | 2 | |
| Inventories | 62 | 60 | 65 | 69 | 62 | 64 | 72 | 88 | 110 | 104 | |
| Trade Receivables | 20 | 21 | 24 | 21 | 18 | 20 | 29 | 35 | 48 | 46 | |
| Cash Equivalents | 0 | 1 | 3 | 4 | 3 | 4 | 3 | 4 | 4 | 4 | |
| Others Assets ⓘ | 10 | 14 | 14 | 16 | 27 | 15 | 18 | 21 | 19 | 20 | |
| Total Assets ⓘ | 153 | 199 | 206 | 214 | 209 | 205 | 225 | 260 | 293 | 302 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1 | 9 | 14 | 6 | -5 | 24 | 3 | -17 | -3 | 2 |
| Cash Flow From Investing Activity ⓘ + | 1 | -2 | -3 | -2 | 4 | -2 | -2 | -10 | 1 | -17 |
| Cash Flow From Financing Activity ⓘ + | -3 | -7 | -12 | -2 | -1 | -22 | -1 | 27 | 1 | 15 |
| Net Cash Flow ⓘ | -0 | -0 | 0 | 1 | -1 | 0 | -0 | 1 | -1 | -0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.11 | -7.69 | 1.28 | -5.42 | -3.43 | -9.41 | 6.99 | 0.97 | 6.22 | 2.09 |
| ROCE (%) | 6.46 | 2.07 | 6.61 | 4.21 | 4.04 | 3.25 | 12.17 | 6.16 | 8.08 | 7.98 |
| Asset Turnover Ratio | 1.76 | 1.26 | 1.13 | 0.98 | 0.86 | 0.92 | 1.41 | 1.34 | 1.35 | 1.36 |
| PAT to CFO Conversion(x) | N/A | N/A | 14 | N/A | N/A | N/A | 0.6 | -17 | -0.38 | 0.67 |
| Working Capital Days | ||||||||||
| Receivable Days | 33.40 | 34.10 | 35.90 | 39.40 | 39.40 | 36.50 | 29.40 | 35.60 | 40.30 | 42.50 |
| Inventory Days | 92 | 100.70 | 99.60 | 118.20 | 132.10 | 120.30 | 81.90 | 90 | 96.80 | 96.80 |
| Payable Days | 142.20 | 146.90 | 161.10 | 208.90 | 187.70 | 169 | 112.70 | 108.80 | 106.70 | 90.20 |
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Duroply Industries Ltd FAQs
The current trading price of Duroply Industries on 24-Aug-2026 16:59 is ₹99.55.
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 23-Aug-2026 the market cap of Duroply Industries stood at ₹106.9 Cr
The latest P/E ratio of Duroply Industries as of 23-Aug-2026 is 53.59.
The latest P/B ratio of Duroply Industries as of 23-Aug-2026 is 0.70.
The 52-week high of Duroply Industries is ₹210.2 and the 52-week low is ₹97.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Duroply Industries is ₹409 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Duroply Industries Ltd is a below average quality company.
The key valuation ratios of Duroply Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Duroply Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Duroply Industries Ltd
Sarda Plywood Industries (SPI), established in 1957, is the flagship company of a prestigious Chitlangia Group having significant presence in paper and tea besides plywood and allied products.
SPI was founded in an era where wood used to be known as the one stop source for all furniture, and subsequently grew up to a formidable force under the dynamic and visionary leadership of Late Sri P D Chitlangia. His vision was simple, yet powerful.
The manufacturing facility was established at Jeypore in Assam, the home of plywood manufacturing. The Duro range of quality plywood products started rolling out from this factory. Quality was an obsession for Late Sri P D Chitlangia and the same was inculcated to each and every one down the line. This resulted in Duro becoming the numero uno plywood brand in India. Competition was relegated to the backdoor.
SPI's manufacturing facility is well equipped with machineries and resources to produce any variety of plywood. Raw materials are sourced indigenously as well as from overseas. Quality assurance methods at each stage of manufacturing process ensure quality from raw materials to finish. Research and Development is at the core of SPI's success story and the gamut of products under its banner speaks for themselves. In fact R&D efforts have resulted in continuous product upgradations, innovations and new product developments.
Product range of the company includes:
- Plywood
- Blockboard
- Doors
- Decorative plywood
- Innovative products • Fabply • Fire resistant doors
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