ADL - Archidply Decor
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, 'Wood Based Products', which saw revenue of INR 2,421.31 Lakhs in H1 FY26, representing an 8.46% YoY decline from INR 2,645.16 Lakhs in H1 FY25.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Gross margin for H1 FY26 was 26.9% (INR 651.33 Lakhs). Net margin declined from 0.17% in H1 FY25 to -0.01% in H1 FY26, resulting in a net loss of INR 0.28 Lakhs.
EBITDA Margin
EBITDA margin for H1 FY26 was 7.29% (INR 176.53 Lakhs), a contraction from 7.96% (INR 210.52 Lakhs) in H1 FY25, driven by lower revenue and high fixed costs.
Capital Expenditure
Investment in fixed assets for H1 FY26 was INR 7.55 Lakhs, a 65% reduction compared to INR 21.57 Lakhs in H1 FY25.
Credit Rating & Borrowing
Not disclosed in available documents.
Operational Drivers
Raw Materials
Wood-based raw materials and stock-in-trade items, which combined cost INR 1,769.98 Lakhs in H1 FY26, representing 73.1% of total revenue.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Raw material consumption and stock-in-trade purchases totaled INR 1,769.98 Lakhs in H1 FY26, accounting for 73.1% of revenue, up from 73.5% in H1 FY25.
Manufacturing Efficiency
Depreciation and amortization expense was INR 80.23 Lakhs in H1 FY26, down 12.1% from INR 91.28 Lakhs in H1 FY25.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed in available documents
Growth Strategy
The company focuses on its core 'Wood Based Products' segment and is optimizing its balance sheet by reducing current borrowings to INR 1,720.36 Lakhs from INR 1,933.84 Lakhs in March 2025.
Products & Services
Wood Based Products including plywood, decorative veneers, and related timber products.
Brand Portfolio
Archidply Décor.
New Products/Services
Not disclosed in available documents.
Market Expansion
Not disclosed in available documents.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
Not disclosed in available documents.
External Factors
Industry Trends
The wood-based products industry is currently facing a slowdown, as evidenced by ADL's 8.46% YoY revenue decline in H1 FY26.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
ADL's moat is based on its specialized focus on 'Wood Based Products', but sustainability is challenged by high material costs and thin net margins.
Macro Economic Sensitivity
Not disclosed in available documents.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Not disclosed in available documents.
Regulatory & Governance
Industry Regulations
Operations are subject to wood-based product standards and environmental norms, though specific pollution or pricing controls are not detailed beyond IND AS compliance.
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
The company recorded a deferred tax expense of INR 2.15 Lakhs for H1 FY26, with no current tax liability, reflecting lower taxable profits.
Legal Contingencies
Not disclosed in available documents.
Risk Analysis
Key Uncertainties
Liquidity risk is high due to current borrowings of INR 1,720.36 Lakhs and inventory of INR 2,753.71 Lakhs, which together exceed total H1 revenue.
Geographic Concentration Risk
Not disclosed in available documents.
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
Not disclosed in available documents.
Credit & Counterparty Risk
Trade receivables of INR 1,701.35 Lakhs represent 70.3% of H1 FY26 revenue, indicating a high reliance on credit sales and potential counterparty risk.