Dhabriya Polywood Ltd (538715)

Dhabriya Polywood has secured a work order/LOI valued at ₹11.79 crore (inclusive of GST) from Conscient Group for the supply and installation of uPVC doors and windows. The domestic contract represents approximately 4.3% of the company's TTM revenue of ₹271 crore. Execution is scheduled across various tranches over a period of 24 months. The transaction is at arm's length and involves no promoter or related-party interest.

• Order value of ₹11.79 crore (including GST) from Conscient Group
• Contract covers supply and installation of uPVC doors and windows
• Execution timeline set for 24 months in various tranches
• Domestic order representing ~4.3% of TTM revenue of ₹271 crore
• No promoter interest or related-party transaction involved

Dhabriya Polywood Ltd has secured work orders/LOIs totaling Rs 24.72 crore (including GST) for the supply and installation of aluminum doors, windows, and facade works. The orders comprise Rs 21.83 crore from Emaar India Ltd to be executed over 18 months, and Rs 2.89 crore from Godrej Properties Ltd to be executed over 12 months. Together, the total order value represents approximately 9.1% of the company's TTM revenue of Rs 271 crore. Neither customer has promoter group interest, and transactions are not related party deals.

• Total work order value bagged is Rs 24.72 crore (including GST)
• Rs 21.83 crore order awarded by Emaar India Ltd with an execution timeline of 18 months
• Rs 2.89 crore order awarded by Godrej Properties Ltd with an execution timeline of 12 months
• Scope covers supply & installation of Aluminum Doors & Windows Facade Works

Dhabriya Polywood Ltd has received a work order/LOI valued at ₹4.75 crore (inclusive of GST) from NCC Urban Infrastructure Ltd. The scope involves the supply and installation of uPVC doors and windows. The project is scheduled for completion within 12 months across various tranches. Relative to the company's TTM revenue of ₹271 crore, this single domestic order represents ~1.75% of annual revenue, indicating routine order inflow.

• Work order/LOI valued at ₹4.75 Crore (including GST) received from NCC Urban Infrastructure Ltd
• Contract scope covers supply & installation of uPVC doors and windows
• Execution timeline set for completion within 12 months in multiple tranches
• Order value constitutes ~1.75% of TTM revenue of ₹271 crore

Dhabriya Polywood has secured a work order/LOI worth ₹17.40 crore (inclusive of GST) from real estate developer M3M Group. The contract entails executing Aluminum Doors & Windows Facade Works over an execution timeframe of 18 months in multiple tranches. The order value represents approximately 6.4% of the company's TTM revenue of ₹271 crore, enhancing revenue visibility for its core architectural segment.

• Work order/LOI valued at ₹17.40 Crore (including GST)
• Contract awarded by domestic real estate entity M3M Group
• Scope covers Aluminum Doors & Windows Facade Works
• Scheduled completion period of 18 months across various tranches
• Order represents approximately 6.4% of TTM revenue (₹271 Cr)

Dhabriya Polywood Ltd has received a work order/LOI worth ₹4.78 crore (inclusive of GST) from Godrej Properties Ltd for external facade works. The project is located in Delhi NCR and is scheduled for execution over a period of 12 months in multiple tranches. The order represents approximately 1.8% of the company's TTM revenue of ₹271 crore, indicating regular business replenishment from marquee real estate developers.

• Received work order/LOI valued at ₹4.78 crore (including GST) from Godrej Properties Ltd.
• Scope covers External Facade Works for a project located in Delhi NCR.
• Execution timeline is spread over 12 months in various tranches.
• Order size represents ~1.8% of TTM revenue of ₹271 crore.

Dhabriya Polywood Ltd has secured and enhanced work orders totaling ₹13.10 crore from a domestic Indian company. The contract involves the supply and installation of UPVC and Aluminum doors and windows. The order is divided into two segments: ₹10.63 crore to be executed over 18 months and ₹2.47 crore to be executed over 12 months. This cumulative order value represents approximately 4.96% of the company's TTM revenue of ₹264 crore.

• Total order value of ₹13.10 crore including GST from a domestic entity.
• Execution timeline of 18 months for the ₹10.63 crore portion.
• Execution timeline of 12 months for the ₹2.47 crore portion.
• Order value represents ~4.96% of the company's TTM revenue of ₹264 crore.
• The scope includes both supply and installation of UPVC and Aluminum products.

Dhabriya Polywood reported its highest-ever quarterly PAT of Rs 8.86 Cr for Q1 FY27, a 35.4% increase YoY, despite the quarter being seasonally light. Revenue grew 10% YoY to Rs 68.31 Cr, while EBITDA margins expanded significantly by 320 bps to 23.1% due to premiumization and a richer product mix. The company's project business order book stands at an all-time high of over Rs 200 Cr, which represents approximately 76% of its TTM revenue. Management indicated plans for increased capital expenditure for the second consecutive year to expand capacity and enter new product categories.

• PAT increased 35.4% YoY to Rs 8.86 Cr, marking the highest quarterly profit in the company's history.
• EBITDA margins expanded by 320 bps to 23.1%, driven by the uPVC/PVC segment which now contributes 89% of turnover.
• Project business order book reached an all-time high of Rs 200+ Cr as of August 2026.
• Revenue from operations grew 10.0% YoY to Rs 68.31 Cr, despite Q1 being a seasonally light quarter.
• EPS for the quarter rose to Rs 8.18, up from Rs 6.04 in the same quarter previous year.

Dhabriya Polywood reported its highest-ever quarterly PAT of ₹8.86 crore for Q1 FY27, representing a 35.4% increase year-on-year. EBITDA margins expanded significantly by 317 bps to 23.07%, driven by a strategic shift toward high-value products which now account for 89% of turnover. The company holds a record order book of ₹200+ crore, which is approximately 76% of its TTM revenue, providing strong visibility. Management is executing a ₹100 crore multi-year capex program and has guided for a 30% PAT CAGR over the medium term.

• Profit After Tax (PAT) reached an all-time high of ₹8.86 crore, up 35.4% YoY from ₹6.54 crore.
• EBITDA margins expanded to 23.07% from 19.90% YoY, driven by premiumization of the product mix.
• Order book stands at a record ₹200+ crore as of August 2026, the highest in the company's 34-year history.
• Extrusion capacity has been upgraded to 27,600 MTPA from 24,000 MTPA in FY26.
• CRISIL upgraded the company's credit rating to BBB+/Stable in July 2026.

Dhabriya Polywood reported a strong 35.5% YoY increase in consolidated net profit to ₹8.86 cr for Q1 FY27, compared to ₹6.54 cr in Q1 FY26. Revenue from operations grew 10.2% YoY to ₹68.31 cr, representing approximately 26% of the TTM revenue of ₹264 cr. The company's consolidated EPS improved significantly to ₹8.18 from ₹6.04 in the year-ago period. Performance was bolstered by subsidiaries, with one unit alone contributing ₹24.01 cr to revenue and ₹5.43 cr to PAT.

• Consolidated Net Profit increased 35.5% YoY to ₹8.86 cr from ₹6.54 cr.
• Revenue from operations grew 10.2% YoY to ₹68.31 cr from ₹62.00 cr.
• Consolidated EPS rose to ₹8.18 for the quarter, up from ₹6.04 YoY.
• One subsidiary contributed ₹24.01 cr in revenue and ₹5.43 cr in PAT to the consolidated results.
• Profit before tax (PBT) stood at ₹11.90 cr, reflecting a PBT margin of 17.4%.

Dhabriya Polywood reported a strong start to FY27 with consolidated net profit rising 35.5% YoY to ₹8.86 Cr. Revenue from operations grew 10.2% YoY to ₹68.31 Cr, while Profit Before Tax (PBT) margins improved significantly to 17.4% from 14.2% in the year-ago period. A major portion of the performance was driven by subsidiaries, which contributed ₹24.01 Cr to the consolidated revenue. The company maintained steady sequential performance compared to Q4 FY26 revenue of ₹69.74 Cr.

• Consolidated Net Profit increased by 35.5% YoY to ₹8.86 Cr in Q1 FY27
• Consolidated Revenue from Operations grew 10.2% YoY to ₹68.31 Cr
• Consolidated EPS rose to ₹8.18 from ₹6.04 in the same quarter last year
• One subsidiary alone contributed ₹24.01 Cr in revenue and ₹5.43 Cr in net profit
• Total expenses were contained at ₹56.55 Cr, up only 5.9% despite 10.2% revenue growth

Abakkus Venture Opportunities Fund, a scheme of India - Ahead Venture Trust, has acquired a 5.56% stake in Dhabriya Polywood Ltd. The acquisition involved 6,01,341 equity shares purchased through the open market on July 23, 2026. This represents a significant institutional entry into the company, which has a market capitalization of approximately Rs 513 crore. The fund has stated the investment is for investment purposes and not for seeking controlling interest.

• Acquisition of 6,01,341 equity shares on July 23, 2026
• Total stake acquired represents 5.56% of the company's voting capital
• Acquisition conducted through the open market route
• The acquirer is a SEBI registered Category I Alternative Investment Fund (AIF)

Dhabriya Polywood has secured a domestic work order worth ₹ 18.59 crore for the supply and installation of aluminum doors and windows. The order, awarded by an undisclosed Indian company, represents approximately 7.04% of the company's TTM revenue of ₹ 264 crore. The project is scheduled for completion within 11.4 months in various tranches. This win provides steady revenue visibility for the upcoming fiscal year and reinforces the company's presence in the building materials segment.

• Total order value of ₹ 18.59 crore including GST
• Execution timeline set at 11.4 months in various tranches
• Order represents ~7.04% of the TTM revenue of ₹ 264 crore
• Scope involves both supply and installation of Aluminum Door and Windows

CRISIL has upgraded Dhabriya Polywood's long-term credit rating to 'CRISIL BBB+/Stable' from 'CRISIL BBB/Stable' for its Rs 35 crore bank facilities. The upgrade follows a strong FY26 performance where EBITDA margins expanded significantly by ~450 bps to 20.6%, driven by high-value products like fluted panels and aluminium facades. Revenue grew to Rs 264.5 crore in FY26 from Rs 235.1 crore in FY25, while PAT increased to Rs 30.14 crore. The company maintains a healthy financial risk profile with low gearing of 0.59x and robust interest coverage of 9.8x.

• EBITDA margin improved by ~450 bps to 20.6% in FY26 from 16.0% in FY25
• Revenue increased to Rs 264.5 crore in FY26 from Rs 235.1 crore in FY25
• Reported PAT grew to Rs 30.14 crore in FY26, up from Rs 18.70 crore in FY25
• Interest coverage ratio remains robust at 9.8 times for fiscal 2026
• Tangible networth stood at approximately Rs 130 crore as of March 31, 2026