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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

₹126.05 0.35 (0.28%)

As on 24-Jun'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

₹126.05 0.35 (0.28%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹137 Cr.
Current Price
₹126.1
52-Week Low / High
₹121 / 270
TTM EPS
₹2.7
TTM Sales
₹403 Cr.
Book Value per Share
₹140.4
P/E Ratio
46.54
Higher than its 5-year historical median
Industry PE
56.7
Price to Book (P/B)
0.90
Lower than its 5-year historical median
Price to Sales (P/S)
0.34
Lower than its 5-year historical median
EV/EBITDA
8.81
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
6.22%
Outperforms industry median
Return on Capital Employed (ROCE)
8.08%
Outperforms industry median
Return on Assets (ROA)
2.81%
Operating Profit Margin
4.7%
Net Profit Margin
2.09%
Gross Profit Margin
2.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
14.96%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
41.84%
Net Profit Growth (1 Year)
-
669.31%
Asset Quality
Promoter Holding
50.22%
Pledged shares (%) of Promoter's holding (%)
6.71%
Reserves
₹141 Cr.
Equity
₹10.9 Cr.
Face Value
₹10
All Time Low / High
₹1.55 / 369.80

Duroply Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of Duroply Industries Ltd vs industry peers?
Duroply Industries Ltd revenue CAGR is 12.48%, compared to the industry median CAGR of 1.10%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Duroply Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.4% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -2.4%6.5%2.1%6.6%4.2%4%3.3%12.2%6.2%8.1%-
Value Creation
Index
-1.2-0.5-0.9-0.5-0.7-0.7-0.8-0.1-0.6-0.4-

Growth Parameters

Sales 182207218228207181191302323372403
Sales YoY Gr.-13.8%4.9%5%-9.6%-12.2%5.3%58.5%6.9%15%-
Adj EPS -12-10.4-11.22.2-7.4-12.2-9.46.81.37.52.7
YoY Gr.-NANANA-441.3%NANANA-81.6%496.8%-
BVPS (₹) 29.6106.5166.9120.1112.7108.698.9110.1123.1130.3140.4
Adj Net
Profit
-5.4-4.7-5.11.4-4.8-7.9-6.15.31.27.43
Cash Flow from Ops. 0.41.48.814.45.7-4.723.92.9-16.7-2.9-
Debt/CF from Ops. 12938.76.13.49.6-142.214.2-2.5-17.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.2%12.5%24.9%15%
Adj EPS NANANA496.8%
BVPS17.9%3%9.6%5.9%
Share Price 11.3% 10.4% -14.7% -49.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-32.9-15.3-8.11.8-6.4-11.1-9.171.15.72
Op. Profit
Mgn %
0.31.41.84.73.2-0.62.75.63.84.75.2
Net Profit
Mgn %
-3-2.3-2.30.6-2.3-4.4-3.21.80.420.7
Debt to
Equity
3.91.20.70.60.80.90.80.50.30.40.1
Working Cap
Days
15614115515718421419713114815778
Cash Conv.
Cycle
4440463139444733526521

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales182207218228207181191302323372
Operating Expenses + 182205214218201183186286311355
Manufacturing Costs26302933312019222426
Material Costs110120127132113115119196215243
Employee Cost 23283125272326293240
Other Costs 24272729292522394146
Operating Profit 034106-25161217
Operating Profit Margin (%) 0.1%1.4%1.8%4.4%2.9%-0.8%2.5%5.4%3.7%4.6%
Other Income + 0111122211
Exceptional Items 0400280001
Interest 77778109787
Depreciation 2222333345
Profit Before Tax -8-2-51-2-5-5817
Tax -30002-2230-1
Profit After Tax -6-2-51-4-2-6518
PAT Margin (%) -3.2%-0.9%-2.2%0.4%-2.0%-1.4%-3.3%1.7%0.3%2.1%
Adjusted EPS (₹)-12.7-4.2-10.51.5-6.3-3.8-9.86.71.07.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Duroply Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1448757873706486121129
Share Capital 555666681010
Reserves 944717166645778112119
Debt +51535147526150383950
Long Term Debt85488119687
Short Term Debt44484740445041323043
Minority Interest0000000000
Trade Payables43505264655357646478
Others Liabilities -412017242434373636
Total Liabilities 104153199206214209205225260293

Fixed Assets

Net Fixed Assets +141610310110498102102103108
Gross Block3818108108113107114116121129
Accumulated Depreciation242569911141822
CWIP 0000000004
Investments 84400000091
Inventories526260656962647288110
Trade Receivables21202124211820293548
Cash Equivalents 0013434344
Others Assets 9101414162715182119
Total Assets 104153199206214209205225260293

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 019146-5243-17-3
PBT -8-2-51-2-5-5817
Adjustment 85991012109119
Changes in Working Capital 0-255-2-1218-14-29-18
Tax Paid 0-0-0-00-0-0-00-0
Cash Flow From Investing Activity + -11-2-3-24-2-2-101
Capex -21-2-1-34-3-2-2-7
Net Investments 0-00-20-00-0-98
Others 0000011000
Cash Flow From Financing Activity + 0-3-7-12-2-1-22-1271
Net Proceeds from Shares 00000001735-0
Net Proceeds from Borrowing 0000000-31-2
Interest Paid -7-7-7-7-7-10-8-7-8-7
Dividend Paid 0000000000
Others 74-0-559-14-7-111
Net Cash Flow -1-0-001-10-01-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-35.31-6.11-7.691.28-5.42-3.43-9.416.990.976.22
ROCE (%)-2.386.462.076.614.214.043.2512.176.168.08
Asset Turnover Ratio1.841.761.261.130.980.860.921.411.341.35
PAT to CFO Conversion(x)N/AN/AN/A14N/AN/AN/A0.6-17-0.38
Working Capital Days
Receivable Days47.2033.4034.1035.9039.4039.4036.5029.4035.6040.30
Inventory Days93.2092100.7099.60118.20132.10120.3081.909096.80
Payable Days153.10142.20146.90161.10208.90187.70169112.70108.80106.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *37.9536.4636.4636.4636.4636.3036.306.716.716.71
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Duroply Industries Ltd FAQs

The current trading price of Duroply Industries on 24-Jun-2026 16:59 is ₹126.0.

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-Jun-2026 the market cap of Duroply Industries stood at ₹136.7 Cr

The latest P/E ratio of Duroply Industries as of 23-Jun-2026 is 46.54.

The latest P/B ratio of Duroply Industries as of 23-Jun-2026 is 0.90.

The 52-week high of Duroply Industries is ₹269.9 and the 52-week low is ₹120.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Duroply Industries is ₹403 ( 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 Fair 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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