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Archidply Decor Limited (ADL)

₹70.03 -3.37% last close, 16 Oct

📊 NSE: ADL 🏢 Plywood Boards/ Laminates 📢 Latest filing: 06 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Archidply Decor's revenue was ₹11.1 Cr (-0.1% year on year, -4.7% on the previous quarter), and net profit ₹-0.2 Cr (a bigger loss than a year earlier); the operating margin was -0.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹11.1	-0.1%	-4.7%
Operating profit	₹-0.0	to loss	to loss
Net profit	₹-0.2	loss widened	loss widened
EPS (₹)	-0.45	loss widened	loss widened
Operating margin	-0.2%	—	—

Full quarterly financials → Results calendar →

ADL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 95.24% of the ADL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 70.91%. That is higher than usual for this stock. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

95.24%Delivery, 16 Oct

70.91%Own 20-session average

0.3×Volume vs its average

₹70.03NSE close · -3.37%

Delivery in the last 5 sessions: 45.0% · 96.7% · 100.0% · 100.0% · 95.2%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Archidply Decor CFO Raju Ram Prajapat Resigns Effective November 24, 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 06 Oct 2026, 03:06 PM

Archidply Decor Limited has informed the exchanges that its Chief Financial Officer, Raju Ram Prajapat, tendered his resignation on October 05, 2026, citing personal reasons. His resignation will take effect from the close of business hours on November 24, 2026. The company confirmed there are no other material reasons and stated it will initiate steps to appoint a replacement. This KMP transition comes at a time when the micro-cap company (market cap Rs 39 Cr) faces thin operating margins (TTM OPM 3.4%) and Rs 19 Cr in debt.

CFO Raju Ram Prajapat submitted his resignation letter dated October 05, 2026
Resignation is effective from close of business hours on November 24, 2026
Reason cited for the departure is personal reasons with no other material reasons confirmed
Company is in the process of appointing a new Chief Financial Officer

💡 Track the announcement and onboarding of the incoming CFO and check for any commentary on balance sheet and working capital management in upcoming quarterly filings.

Archidply Decor CFO Raju Ram Prajapat Resigns Effective November 24, 2026

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 06 Oct 2026, 02:51 PM

CFO Raju Ram Prajapat submitted his resignation letter dated October 05, 2026
Resignation is effective from close of business hours on November 24, 2026
Reason cited for the departure is personal reasons with no other material reasons confirmed
Company is in the process of appointing a new Chief Financial Officer

💡 Track the announcement and onboarding of the incoming CFO and check for any commentary on balance sheet and working capital management in upcoming quarterly filings.

Archidply Decor Concludes 9th AGM; Adopts FY26 Financials and Re-Appoints Director

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Sep 2026, 06:20 PM

Archidply Decor Limited conducted its 9th Annual General Meeting on September 30, 2026. Shareholders approved the adoption of the audited financial statements for the fiscal year ended March 31, 2026, alongside the Board and Auditor reports. Additionally, shareholders passed an ordinary resolution re-appointing Executive Director Rajiv Daga, who retired by rotation. The company reported that the statutory and secretarial audit reports contained no adverse qualifications.

9th Annual General Meeting held on September 30, 2026, from 12:30 pm to 01:20 pm
Shareholders approved adoption of audited financial statements for FY26
Re-appointment of Rajiv Daga (DIN: 01412917) approved as Executive Director via ordinary resolution
Statutory and secretarial audit reports confirmed zero adverse qualifications or comments

💡 Track the submission of final scrutinizer voting results and monitor Q2 FY27 operational earnings to evaluate margin improvement against thin profitability.

Archidply Decor: Independent Director Kukkehalli Raviraj Hegde Resigns on Health Grounds

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Sep 2026, 04:26 PM

Archidply Decor Limited has announced the resignation of Independent Director Mr. Kukkehalli Raviraj Hegde (DIN: 08693808), effective 09 September 2026. Mr. Hegde cited personal health reasons for stepping down and confirmed there were no other material reasons. The micro-cap company (market cap Rs 40 Cr) will reconstitute its board committees in accordance with SEBI LODR requirements.

Independent Director Mr. Kukkehalli Raviraj Hegde resigned effective 09th September, 2026
Cessation attributed strictly to personal health reasons with no other material reasons confirmed
The company will initiate consequential changes in board committee compositions per SEBI regulations

💡 Monitor upcoming filings for the appointment of a replacement independent director and reconstitution of board committees to ensure regulatory compliance.

Archidply Decor Independent Director Kukkehalli Raviraj Hegde Resigns Due to Health Reasons

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Sep 2026, 04:21 PM

Archidply Decor Limited has announced the resignation of Independent Director Kukkehalli Raviraj Hegde (DIN: 08693808), effective September 9, 2026. The director cited personal health reasons for stepping down, confirming there were no other material reasons. The micro-cap decorative veneers company (market cap Rs 40 Cr, TTM revenue Rs 46 Cr) will reconstitute the affected board committees pursuant to SEBI Listing Regulations.

Resignation of Independent Director Kukkehalli Raviraj Hegde effective September 9, 2026
Reason stated is personal health reasons with confirmation of no other material reasons
Director held DIN 08693808 and held no other directorships in listed entities

💡 Track subsequent exchange filings for the appointment of a replacement independent director and the reconstituted board committees to ensure regulatory compliance.

Archidply Decor to Convene 9th AGM on September 30, 2026; E-Voting Cut-Off September 23

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 06:38 PM

Archidply Decor Limited has issued the notice for its 9th Annual General Meeting (AGM) scheduled for September 30, 2026. Key agenda items include adopting the audited standalone financial statements for FY26 and the re-appointment of director Mr. Rajiv Daga, who retires by rotation. The remote e-voting window will open on September 27, 2026, and close on September 29, 2026, with the cut-off date set as September 23, 2026. Share transfer books and the register of members will remain closed from September 23 to September 30, 2026.

9th AGM scheduled for September 30, 2026, at 12:30 PM at the registered office in Chintamani, Karnataka
Cut-off date for e-voting eligibility set as September 23, 2026
Remote e-voting period runs from September 27, 2026 (10:00 AM) to September 29, 2026 (5:00 PM)
Ordinary business includes re-appointment of director Mr. Rajiv Daga, who holds 161,635 shares

💡 Eligible shareholders as of the September 23, 2026 cut-off date should review the annual report and cast their votes via KFin Technologies during the e-voting window.

Archidply Decor Fixes Sep 23, 2026 as Cut-off Date for 9th AGM on Sep 30

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 06:36 PM

Archidply Decor Limited has scheduled its 9th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 12:30 p.m. at its registered office in Chintamani, Karnataka. The company fixed September 23, 2026, as the record/cut-off date to determine eligibility for remote e-voting and meeting attendance. The remote e-voting window runs from September 27, 2026, to September 29, 2026. Ordinary business items include adopting audited FY26 financial statements and the reappointment of director Rajiv Daga, who retires by rotation.

9th Annual General Meeting scheduled for September 30, 2026, at 12:30 p.m.
Record/Cut-off date fixed as September 23, 2026, for e-voting eligibility
Register of Members and Share Transfer Books closed from September 23 to September 30, 2026
Remote e-voting open from September 27, 2026 (10:00 a.m.) to September 29, 2026 (5:00 p.m.)

💡 Eligible shareholders holding shares as of September 23, 2026, may participate in e-voting between September 27 and September 29, 2026; no business-impacting operational resolutions are proposed.

Archidply Decor Reports Q1 Net Loss of ₹0.25 Cr on Stagnant Revenue of ₹11.05 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 12:31 PM

Archidply Decor Limited (ADL) reported a net loss of ₹0.25 crore for the quarter ended June 30, 2026, widening from a loss of ₹0.14 crore in the same quarter last year. Revenue from operations remained virtually flat at ₹11.05 crore compared to ₹11.06 crore YoY. While finance costs decreased by 20.7% to ₹0.39 crore, a 22.8% rise in other expenses to ₹1.90 crore pressured the bottom line. The company continues to operate in a single segment, 'Wood Based Products', which is currently facing a demand slowdown.

Net loss widened to ₹0.25 crore in Q1 FY27 from ₹0.14 crore in Q1 FY26.
Revenue from operations was stagnant at ₹11.05 crore, a marginal 0.08% decline YoY.
Finance costs reduced to ₹0.39 crore from ₹0.49 crore in the year-ago period.
Other expenditure increased significantly to ₹1.90 crore from ₹1.55 crore YoY.
Earnings Per Share (EPS) for the quarter stood at ₹(0.45) compared to ₹(0.26) YoY.

💡 Investors should monitor the company's ability to break out of the ₹11-14 crore quarterly revenue range, as current volumes are insufficient to achieve net profitability. Watch for improvements in operating margins and any further reduction in debt-related finance costs.

Archidply Decor Submits Q1 FY27 Share Dematerialization Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Jul 2026, 09:27 PM

Archidply Decor Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that the Registrar and Share Transfer Agent (RTA), Kfin Technologies Limited, has processed all securities received for dematerialization or rematerialization during the quarter ended June 30, 2026. The RTA has verified that the security certificates were mutilated and cancelled, and the name of the depositories was substituted in the company's records. This is a standard procedural requirement for all listed entities in India to ensure the integrity of electronic shareholding.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar and Share Transfer Agent (RTA) identified as M/s. Kfin Technologies Limited
Confirmation provided to both NSDL and CDSL depositories as per SEBI regulations
Filing dated July 28, 2026, following the RTA's internal certification on July 13, 2026

💡 No action is required from investors as this is a routine administrative filing confirming the processing of physical-to-electronic share conversions.

Archidply Decor to Close Trading Window from July 1, 2026, for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Jun 2026, 02:42 PM

Archidply Decor Limited has notified the exchanges that its trading window will be closed starting July 1, 2026. This closure is mandatory under SEBI Insider Trading regulations as the company prepares its unaudited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons and will lift 48 hours after the results are published. A separate announcement will be made regarding the specific date of the board meeting to approve these results.

Trading window closure starts effective July 1, 2026
Closure pertains to the Q1 financial results for the period ending June 30, 2026
Window to reopen 48 hours after the results become generally available
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 No immediate action is required as this is a standard regulatory procedure. Investors should monitor for the upcoming board meeting date to review the Q1 performance.

Shree Shyam Tea Acquires 17.71% Stake in Archidply Decor via Inter-se Transfer

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 12 Jun 2026, 07:30 PM

Shree Shyam Tea Private Limited has acquired 985,877 equity shares, representing a 17.71% stake in Archidply Decor Limited (ADL). This acquisition was executed as an inter-se transfer from Vanraj Suppliers Private Limited pursuant to a Scheme of Amalgamation within the promoter group. Consequently, Shree Shyam Tea's shareholding in the company has increased from 1.25% to 18.96%, while Vanraj Suppliers' holding has reduced to zero.

Acquisition of 985,877 equity shares (17.71% of total share capital) by Shree Shyam Tea Private Limited.
The transaction is an inter-se transfer among promoter group companies exempted under SEBI (SAST) Regulation 10(1)(d)(iii).
Shree Shyam Tea's post-transaction holding stands at 1,055,352 shares or 18.96%.
The transferor, Vanraj Suppliers Private Limited, exited its entire 17.71% stake through this amalgamation process.
The disclosure was filed under Regulation 10(6) of the SEBI Takeover Regulations.

💡 Investors should view this as a routine internal restructuring within the promoter group with no change in the aggregate promoter holding or company operations.

Assam Timber Products Acquires 12.70% Stake in Archidply Decor via Inter-se Promoter Transfer

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 11 Jun 2026, 03:58 PM

Assam Timber Products Private Limited, a promoter group entity, has increased its stake in Archidply Decor Limited by 12.70% through an inter-se transfer. The acquisition involved 706,962 equity shares previously held by Ravi Marketing & Services Private Limited. This transaction was executed following a Scheme of Amalgamation among promoter group companies, exempting it from open offer requirements under SEBI (SAST) Regulations. Post-transaction, the acquirer's total holding has risen from 19.81% to 32.51%.

Acquisition of 706,962 equity shares representing 12.70% of the company's share capital.
Assam Timber Products' stake increased from 1,102,937 shares (19.81%) to 1,809,899 shares (32.51%).
The transferor, Ravi Marketing & Services Private Limited, reduced its holding from 12.70% to 0%.
The transaction is an inter-se transfer pursuant to a Scheme of Amalgamation under Regulation 10(1)(d)(iii) of SEBI (SAST) Regulations.
The total promoter group holding remains unchanged as this is an internal restructuring.

💡 No immediate action is required as this is a routine internal restructuring within the promoter group. Investors should note the consolidation of shares into a single promoter entity but expect no change in management control.

Archidply Decor Promoter Amalgamation Effective; No Change in Aggregate Promoter Holding

🟡 NEUTRAL ⭐ 4/10

M&A 📅 06 Jun 2026, 07:37 PM

Archidply Decor Limited has announced that the scheme of amalgamation among its promoter companies became effective on June 05, 2026. Under the scheme, Ravi Marketing & Services (12.70%) merged into Assam Timber Products, while Vanraj Suppliers (17.71%) merged into Shree Shyam Tea. This internal restructuring consolidates the promoter group's holdings into fewer entities without changing the total promoter stake. There is no change in the management or control of the company as a result of this reorganization.

Scheme of Amalgamation became effective on June 05, 2026, following NCLT approval and ROC filing.
Assam Timber Products' stake increased from 19.81% to 32.51% (1,809,899 shares) after absorbing Ravi Marketing & Services.
Shree Shyam Tea's stake rose from 1.25% to 18.96% (1,055,352 shares) following the merger of Vanraj Suppliers.
The transaction is purely an internal reorganization within the promoter group with no impact on aggregate shareholding.
Management and control of Archidply Decor Limited remain unchanged post-implementation.

💡 No action is required as this is a technical consolidation of promoter entities that does not impact the company's fundamentals or public shareholding.

Archidply Decor FY26 Results: Auditors Flag Rs 4.71 Crore in Overdue Debtors

🔵 WATCH ⭐ 7/10

EARNINGS 📅 29 May 2026, 01:33 PM

Archidply Decor Limited (ADL) has reported its audited financial results for the fiscal year ending March 31, 2026. While the statutory auditors issued an unmodified opinion, they highlighted significant concerns regarding long-term overdue receivables totaling over Rs. 4.71 crore. Specifically, Rs. 2.57 crore has been outstanding for more than three years, yet the company has only provisioned Rs. 4.49 lakhs for bad debts. Additionally, Rs. 90.06 lakhs in advances for goods have been pending for over three years without any provision.

Debtors outstanding for more than 3 years amount to Rs. 257.89 lakhs.
Total overdue debtors for more than 1 year aggregate to approximately Rs. 471.83 lakhs.
Provision for bad debts is only Rs. 4.49 lakhs despite significant long-term defaults.
Advances for supply of goods worth Rs. 90.06 lakhs have been outstanding for over 3 years.
Statutory auditors M/s G R V & P K issued an unmodified opinion with an 'Emphasis of Matter' on these receivables.

💡 Investors should be cautious as the low provisioning against significant long-term overdue receivables could lead to future write-offs and impact profitability. Monitor the company's cash flow and recovery progress on these specific outstanding amounts.

Archidply Decor Promoters Confirm Zero Share Encumbrance for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 May 2026, 01:05 PM

Archidply Decor Limited has filed its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoters and promoter group, along with persons acting in concert, have declared that no shares were encumbered or pledged during the period. This is a mandatory annual filing that ensures transparency regarding the status of promoter holdings. The disclosure confirms that the promoters' stake remains free of any debt-related liens or third-party obligations.

Annual disclosure submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011
Promoters and Promoter Group confirm zero encumbrance of shares for the FY ended March 31, 2026
Declaration covers all direct and indirect shareholdings by the promoter group
Confirmation includes all persons acting in concert (PAC) with the promoters
Filing submitted to both BSE and NSE as per regulatory requirements

💡 No immediate action is required as this is a routine regulatory filing. Investors should view the absence of promoter share pledging as a positive sign of financial stability.

View All ADL Announcements on Live Market Tracking →

💰 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.

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.

⚙️ 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.

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.

📈 Strategic Growth

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.

🌍 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 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.

⚖️ 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.

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.

⚠️ 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.

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.