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DDEVPLSTIK - DDev Plastiks

📊 NSE: DDEVPLSTIK 🏢 Chemicals 📅 Last Updated: 12/13/2025 21:25

📢 Recent Corporate Announcements

Ddev Plastiks Starts New XLPE Unit in Rajasthan; Targets ₹500 Cr Additional Revenue

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 28 Apr 2026, 11:30 AM

Ddev Plastiks Industries has commenced commercial operations at its new manufacturing unit in Bhiwandi, Rajasthan, as of April 28, 2026. The facility is dedicated to XLPE and allied products with a significant installed capacity of 48,000 MTPA. The company invested approximately ₹80 crores into this project to meet growing customer demand. Under optimal capacity utilization, the unit is expected to generate additional annual revenue of approximately ₹500 crores.

Commenced operations of a new 48,000 MTPA XLPE manufacturing unit in Bhiwandi, Rajasthan
Total capital investment for the new facility is approximately ₹80 crores
Projected to contribute roughly ₹500 crores in additional annual revenue at full capacity
Focuses on niche XLPE products to enhance geographic presence and support long-term growth
All requisite statutory and regulatory approvals for the unit have been obtained

💡 Investors should view this as a significant growth catalyst that provides clear revenue visibility and potential for margin expansion through niche products. Monitor the quarterly utilization rates of this new facility to track the actual revenue ramp-up.

Ddev Plastiks Submits Quarterly Compliance Certificate Under SEBI Regulation 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Apr 2026, 02:34 PM

Ddev Plastiks Industries Limited has filed its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This routine filing confirms the processing of dematerialization requests for the quarter ended March 31, 2026. The company has notified both the BSE and NSE, as well as the major depositories NSDL and CDSL. This is a standard administrative procedure required for all listed entities to maintain accurate shareholding records.

Compliance certificate submitted for the quarter ended March 31, 2026.
Filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
Notifications sent to BSE (Scrip Code: 543547) and NSE (Symbol: DDEVPLSTIK).
Confirmation provided to both NSDL and CDSL regarding security dematerialization.
Document officially signed and dated April 11, 2026, by the Company Secretary.

💡 No action is required from investors as this is a routine regulatory filing. Investors should monitor the company for upcoming financial results for the same quarter to assess fundamental performance.

Ddev Plastiks Launches 100-Day 'Saksham Niveshak' Campaign for Unclaimed Dividends

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Mar 2026, 02:32 PM

Ddev Plastiks Industries Limited has initiated a second 100-day campaign titled 'Saksham Niveshak' to help shareholders claim unpaid or unclaimed dividends. The campaign runs from April 1, 2026, to July 9, 2026, following a previous phase conducted in late 2025. Shareholders are encouraged to update their bank details, KYC, and nomination records with the Registrar and Share Transfer Agent (RTA) to facilitate payments. For dividends already transferred to the Investor Education and Protection Fund (IEPF), investors must file E-Form IEPF-5 with the Ministry of Corporate Affairs.

Campaign 'Saksham Niveshak' to run for 100 days from April 1, 2026, to July 9, 2026.
Follows the initial 100-day campaign held from July 28, 2025, to November 6, 2025.
Shareholders must update KYC and bank details with RTA CB Management Services Pvt. Ltd.
Dividends and shares already transferred to IEPF require electronic filing of E-Form IEPF-5.
Unpaid dividend particulars are available on the company's investor services website.

💡 Investors should visit the company's website to check for any unclaimed dividends under their name and ensure their bank account and KYC details are updated with their Depository Participant.

Ddev Plastiks to Close Trading Window from April 1, 2026, for Q4 and FY26 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 04:50 PM

Ddev Plastiks Industries Limited has announced the closure of its trading window for insiders starting April 1, 2026, in compliance with SEBI insider trading regulations. This closure precedes the announcement of the company's audited financial results for the fourth quarter and the full financial year ending March 31, 2026. The window will remain closed for promoters, directors, and designated persons until 48 hours after the results are declared. Notably, the board may also consider a final dividend for the financial year during the upcoming results meeting.

Trading window closure for insiders begins on April 1, 2026.
Closure covers the Q4 and full financial year ending March 31, 2026.
Window to reopen 48 hours after the official declaration of audited financial results.
Board of Directors may consider a final dividend for FY26 during the results meeting.
The specific date for the board meeting will be intimated separately in due course.

💡 This is a routine regulatory filing with no immediate impact on stock valuation. Investors should await the announcement of the board meeting date for Q4 results and potential dividend details.

Ddev Plastiks to Participate in Arihant Capital Virtual Investor Conference on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Mar 2026, 01:16 PM

Ddev Plastiks Industries Limited has announced a virtual meeting with Arihant Capital as part of the 'Bharat Connect Conference Group Rising Star 2026'. The interaction is scheduled for March 9, 2026, from 12:00 PM to 02:00 PM IST. Management will discuss the company's performance based on publicly available documents, specifically the Q3 and Nine Months results for the period ended December 31, 2025. Such meetings are standard practice for maintaining institutional investor relations and transparency.

Virtual interaction scheduled with Arihant Capital on March 9, 2026, between 12:00 PM and 02:00 PM IST.
Participation in the 'Bharat Connect Conference Group Rising Star 2026' event.
Discussions will be centered on the Q3 and 9M FY26 financial results ended December 31, 2025.
Company confirms that no unpublished price sensitive information (UPSI) will be disclosed during the session.

💡 Investors should monitor for any post-meeting transcripts or updated investor presentations that may offer additional clarity on the company's growth outlook in the polymer compounding industry.

Ddev Plastiks Q3 Revenue Up 11% to ₹733 Cr; Announces ₹150 Cr Entry into Battery Storage

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Feb 2026, 06:28 PM

Ddev Plastiks reported a steady Q3 FY26 with revenue growing 11% YoY to ₹733 crore and a PAT of ₹48 crore. The company is diversifying into the Battery Energy Storage Systems (BESS) sector with a ₹150 crore Greenfield plant, targeting ₹800-900 crore revenue per gigawatt of capacity. Export performance remains robust, growing 33% YoY in the first nine months to reach ₹523 crore. Management has reaffirmed its long-term revenue target of ₹5,000 crore by FY30, supported by recent capacity expansions in HFFR and PVC compounds.

Q3 FY26 revenue reached ₹733 crore (+11% YoY) with an EBITDA margin of 11% and PAT of ₹48 crore.
Entering BESS market with a 5 GWh capacity plant; Phase 1 investment of ₹150 crore funded entirely via internal accruals.
9M FY26 exports surged 33% YoY to ₹523 crore, contributing 27% to the total Q3 revenue mix.
Commissioned 30,000 MTPA additional capacity in HFFR and PVC, bringing total installed capacity to 2,68,400 MTPA.
Management projects BESS segment to contribute approximately 20% to overall revenue once stabilized.

💡 Investors should focus on the company's successful transition into the high-margin BESS sector starting H2 FY27, which provides a significant valuation re-rating trigger. The steady growth in the core cable compounding business and strong export momentum support a long-term 'Hold' or 'Accumulate' stance.

Ddev Plastiks Releases Q3FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 10 Feb 2026, 09:57 PM

Ddev Plastiks Industries Limited has released the audio recording of its earnings conference call for the third quarter and nine months ended December 31, 2025 (Q3FY26). The call was held on February 10, 2026, following the approval of financial results by the Board of Directors on the same day. This disclosure is part of the company's regulatory compliance under SEBI Listing Regulations. The recording provides management's detailed commentary on the company's financial performance and operational updates for the period.

Audio recording of Q3FY26 earnings call made available on the company's website on February 10, 2026.
The call covers financial performance for the quarter and nine-month period ended December 31, 2025.
The disclosure follows the board meeting held on the same day where Q3 results were approved.
Recording can be accessed via the 'Media Centre' section on the official Ddev Plastiks website.
Complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to gain insights into management's outlook on raw material costs and demand trends in the polymer compounding industry. This qualitative data complements the quantitative financial results released earlier.

Ddev Plastiks Q3 Net Profit Rises to ₹48.04 Cr; Declares ₹0.50 Interim Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 04:53 PM

Ddev Plastiks Industries reported a steady Q3 FY26 performance with revenue from operations growing to ₹732.84 crore, up from ₹660.75 crore in the same quarter last year. Net profit for the quarter stood at ₹48.04 crore, reflecting a year-on-year growth compared to ₹46.60 crore. The company has declared an interim dividend of ₹0.50 per equity share (50% of face value) with a record date of February 20, 2026. Additionally, the company issued a correction for a clerical error in its financial notes regarding the fiscal year reference.

Revenue from operations increased by 10.9% YoY to ₹732.84 crore in Q3 FY26.
Net profit for the nine-month period ended December 2025 reached ₹147.29 crore, a 10.1% growth YoY.
Interim dividend of ₹0.50 per share announced, with a total payout amounting to ₹517.38 lacs.
Earnings Per Share (EPS) for Q3 FY26 improved to ₹4.64 from ₹4.50 in the previous year's corresponding quarter.
Total income for the nine-month period stood at ₹2,203.85 crore compared to ₹1,881.70 crore YoY.

💡 Investors should focus on the consistent revenue growth and the dividend payout as signs of financial stability. The stock remains a relevant play in the polymer compounds sector given its steady margin maintenance.

Ddev Plastiks 9MFY26 Revenue Up 17% to ₹2,182 Cr; Enters BESS Segment with ₹200 Cr Investment

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 02:57 PM

Ddev Plastiks reported a robust 9MFY26 performance with revenue growing 17% YoY to ₹2,182 crore and PAT increasing 11% to ₹147 crore. The company successfully commissioned 30,000 MTPA of new capacity in Q3FY26, specifically for PVC and HFFR compounds. A major strategic pivot was announced into the Battery Energy Storage Systems (BESS) market, with a 5 GWh assembly plant planned for Q3 FY27. This expansion, estimated at ₹150-200 crore, will be funded entirely through internal accruals, reflecting a strong financial position.

9MFY26 Revenue grew 17% YoY to ₹2,182 crore, while Exports surged 33% to ₹523 crore.
Added 30,000 MTPA capacity in Q3FY26, bringing total installed capacity to 2,68,400 MTPA.
Announced entry into BESS manufacturing with a 5 GWh Phase 1 plant expected by Q3 FY27.
Planned BESS investment of ₹150–200 crore to be funded via internal accruals.
Maintains a dominant ~33% market share in the XLPE compounds segment in India.

💡 Investors should view the entry into the BESS segment as a significant long-term growth catalyst aligned with India's renewable energy goals. Monitor the execution timeline of the BESS plant and the margin profile of the new business segment starting H2FY27.

Ddev Plastiks Declares Rs 0.50 Interim Dividend; Sets Feb 20 as Record Date

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 10 Feb 2026, 01:55 PM

Ddev Plastiks Industries Limited has announced an interim dividend of Rs. 0.50 per equity share for the financial year 2025-26. This payout represents 50% of the face value of Re. 1 per share. The Board of Directors approved the dividend in their meeting held on February 10, 2026, and fixed February 20, 2026, as the record date for determining shareholder eligibility. The dividend will be paid to shareholders within the statutory period of 30 days from the declaration.

Interim dividend declared at Rs. 0.50 per equity share of Re. 1 face value
Dividend payout rate is 50% of the face value
Record date for eligibility is fixed as February 20, 2026
Payment to be completed within 30 days from the declaration date of February 10, 2026

💡 Investors looking to benefit from the dividend should ensure they hold the shares before the ex-dividend date. The 50% payout reflects a positive return of capital to shareholders.

Ddev Plastiks Declares ₹0.50 Interim Dividend; Q3 Net Profit Rises to ₹48.04 Crore

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 10 Feb 2026, 01:31 PM

Ddev Plastiks Industries has declared an interim dividend of ₹0.50 per share (50% of face value) for the financial year 2025-26. The company reported a steady performance for Q3 FY26, with revenue from operations growing to ₹732.84 crore from ₹660.75 crore in the previous year's corresponding quarter. Net profit for the quarter increased to ₹48.04 crore, while basic EPS rose to ₹4.64. The board also approved a remuneration hike of ₹50,000 per month for both the Chairman and the CEO effective April 2026.

Declared an interim dividend of ₹0.50 per equity share (50% on face value of ₹1)
Revenue from operations increased 10.9% YoY to ₹732.84 crore in Q3 FY26
Net profit for Q3 FY26 stood at ₹48.04 crore compared to ₹46.60 crore in Q3 FY25
Record date for dividend entitlement is fixed as February 20, 2026
Approved monthly remuneration increment of ₹50,000 for Chairman and CEO effective April 1, 2026

💡 Investors interested in the dividend should ensure they hold shares before the record date of February 20, 2026. The consistent growth in revenue and profit margins suggests stable business health.

Ddev Plastiks Declares Rs 0.50 Interim Dividend; Q3 Net Profit Rises to Rs 48.04 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Feb 2026, 01:28 PM

Ddev Plastiks Industries reported a steady performance for Q3 FY26, with revenue from operations growing 10.9% year-on-year to Rs 732.84 crore. The company declared an interim dividend of Rs 0.50 per share (50% of face value) with a record date of February 20, 2026. Net profit for the quarter stood at Rs 48.04 crore, up from Rs 46.60 crore in the same period last year. For the nine-month period ending December 2025, the company achieved a net profit of Rs 147.29 crore on a total income of Rs 2,203.85 crore.

Revenue from operations increased by 10.9% YoY to Rs 732.84 crore in Q3 FY26.
Net profit for Q3 FY26 grew to Rs 48.04 crore compared to Rs 46.60 crore in Q3 FY25.
Declared an interim dividend of Rs 0.50 per equity share (50% of FV) with a record date of Feb 20, 2026.
9M FY26 total income reached Rs 2,203.85 crore, up from Rs 1,881.70 crore in the previous year.
Basic EPS for the quarter improved to Rs 4.64 from Rs 4.50 in the corresponding quarter last year.

💡 Investors should note the steady growth in top-line and bottom-line figures and the consistent dividend payout. The stock remains a watch for those looking for stable performance in the polymer compounds segment.

Ddev Plastiks Q3 PAT Up 3% to ₹48 Cr; Announces ₹0.50 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 01:24 PM

Ddev Plastiks Industries reported a 10.9% YoY increase in revenue from operations to ₹732.84 crore for the quarter ended December 31, 2025. Net profit for the quarter rose to ₹48.04 crore from ₹46.60 crore in the previous year. The company declared an interim dividend of ₹0.50 per share, representing a 50% payout on the face value of ₹1. For the nine-month period, the company maintained steady growth with a PAT of ₹147.29 crore compared to ₹133.77 crore in the prior year.

Revenue from operations grew 10.9% YoY to ₹732.84 crore in Q3 FY26.
Net profit (PAT) increased to ₹48.04 crore from ₹46.60 crore in Q3 FY25.
Interim dividend of ₹0.50 per share declared with a record date of February 20, 2026.
9M FY26 total income reached ₹2,203.85 crore, up from ₹1,881.70 crore in 9M FY25.
Basic EPS for the quarter improved to ₹4.64 from ₹4.50 YoY.

💡 The company shows consistent top-line and bottom-line growth along with regular dividends, making it a stable pick for mid-cap portfolios. Investors should track the record date of February 20 for dividend eligibility.

Ddev Plastiks Promoters Consolidate Holding; BPPL Stake Rises to 74.99% at Rs 380/Share

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 06 Feb 2026, 06:15 PM

Bbigplas Poly Private Limited (BPPL), the holding company of Ddev Plastiks Industries Limited, has consolidated its position by acquiring 849,602 shares from individual promoters. The acquisition was an inter-se transfer conducted at Rs. 380 per share, increasing BPPL's direct stake from 74.17% to 74.99%. As this is a transfer within the promoter group, the overall promoter shareholding remains unchanged. This move is intended to simplify the promoter group's holding structure under a single entity.

BPPL acquired 849,602 shares from individual promoters at a price of Rs. 380 per share.
BPPL's direct shareholding in the company increased from 74.17% to 74.99%.
The transferors included individual promoters Narrindra Suranna, Tara Devi Surana, and Ddev Surana.
Total promoter group holding remains unchanged as the transaction is an inter-se transfer among the group.

💡 This is a routine administrative consolidation of holdings within the promoter group and does not affect company fundamentals. No action is required from retail investors as the overall control of the company remains the same.

Ddev Plastiks Promoters Consolidate Holding via Inter-se Transfer of 8.5 Lakh Shares

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 06 Feb 2026, 04:11 PM

Bbigplas Poly Private Limited, the holding company of Ddev Plastiks, has acquired 8,49,602 equity shares from other promoter group members through an inter-se transfer. The transaction was executed at a price of Rs. 380 per share to consolidate the promoter holding under the holding company. Following this transfer, Bbigplas Poly's direct stake has increased from 74.17% to 74.99%. As this is a transfer within the promoter group, the total promoter shareholding and the company's public float remain unchanged.

Inter-se transfer of 8,49,602 equity shares among promoter group members completed on February 4-5, 2026.
Acquisition price set at Rs. 380 per share.
Bbigplas Poly Private Limited's stake increased to 74.99% from 74.17%.
Sellers include Narrindra Suranna, Tara Devi Surana, and Ddev Surana who reduced their individual holdings to near zero.
Transaction conducted under SEBI SAST Regulation 10(1)(a)(i) exemption for promoter transfers.

💡 This is a routine administrative consolidation of shares within the promoter group and does not impact the company's business fundamentals or total promoter control. No action is required from retail investors as the public shareholding remains unaffected.

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💰 Financial Performance

Revenue Growth by Segment

Revenue for FY22 grew by 45% YoY to INR 2,249 Cr, driven by better realizations in the high voltage XLPE segment. 9M FY23 revenue reached INR 1,853 Cr, a 14.4% increase from INR 1,619 Cr in 9M FY22. The company targets INR 5,000 Cr revenue by FY 2030.

Geographic Revenue Split

Exports contributed to revenue growth in FY22, though specific regional percentages are not disclosed. The company sources a significant portion of imports from the Middle East to benefit from interest-free credit periods.

Profitability Margins

Operating margins improved from 4.0-4.5% to 5.7% in FY22. For FY 2024-25, the Operating Profit Margin was 10% (down 9.17% from 11.01% in FY 2023-24) and Net Profit Margin was 7.12% (down 4.69% from 7.47% in FY 2023-24).

EBITDA Margin

EBITDA margin for 9M FY24 improved sharply to 10.2% from 7.3% in FY23. This 39.7% YoY improvement was driven by a shift to high-margin products and lower raw material costs.

Capital Expenditure

The company commissioned a 6,000 MT/annum HFFR facility in Q1 FY24. It plans to scale HFFR capacity from 5,000 MT to 25,000 MT (a 5x increase). No major term-loan funded capex is planned for the medium term as expansion is funded through internal accruals.

Credit Rating & Borrowing

The company holds an 'A+ Stable' rating from CRISIL. Bank limits were increased to INR 759 Cr in February 2024. Interest coverage ratio improved 11.13% YoY to 12.48 in FY 2024-25.

⚙️ Operational Drivers

Raw Materials

Specific raw materials include crude oil derivatives (polymers) used for compounding. Raw material costs are managed via a cost-plus markup model, allowing the company to pass on price increases to customers within a short period.

Import Sources

The company imports raw materials from the Middle East, leveraging interest-free credit periods to lower working capital requirements.

Capacity Expansion

Current XLPE capacity is 150,000 tons per annum. HFFR capacity is being expanded from 5,000 MT to 25,000 MT. Entry into the 132 KV high voltage segment is also planned to improve gross profit per kg.

Raw Material Costs

Historical gross margins were ~13% but improved to ~18% in 9M FY24 due to lower raw material prices and a shift in product mix toward high-margin XLPE and HFFR compounds.

Manufacturing Efficiency

The company converts old manufacturing facilities at low cost to increase production of higher-margin products. Capacity utilization is reported as being at record highs in FY 2024-25.

Logistics & Distribution

Strategic plant locations in West Bengal, Daman, and Silvassa provide logistical advantages for both raw material imports and product exports.

📈 Strategic Growth

Expected Growth Rate

10-12%

Growth Strategy

Growth will be achieved by shifting focus from low-margin PVC to high-margin XLPE and HFFR compounds, scaling HFFR capacity 5x to 25,000 MT, and entering the 132 KV high voltage cable segment. The company aims for INR 5,000 Cr revenue by 2030.

Products & Services

Polymer compounds including XLPE (Cross-linked Polyethylene), HFFR (Halogen Free Flame Retardant), and PVC compounds sold to the wire and cable and packaging industries.

Brand Portfolio

Ddev Plastiks.

New Products/Services

New products include HFFR compounds and 132 KV high voltage segment compounds, which are expected to significantly improve gross profit per kg.

Market Expansion

The company is targeting increased market share in the high voltage and HFFR segments, which are considered 'products of the future' with growing significance in the wires and cables industry.

Market Share & Ranking

Ddev Plastiks is India's largest listed polymer compound supplier and one of the largest manufacturers in the polymer compounding industry.

🌍 External Factors

Industry Trends

The industry is shifting toward high-margin, specialized compounds like HFFR and high-voltage XLPE. Ddev is positioning itself as a leader in these 'future products' to capture growth in the wires and cables segment, which is growing at 10-12% annually.

Competitive Landscape

The company faces competition from MNC players and unorganized industry players, particularly in the lower-margin PVC segment.

Competitive Moat

Moat is built on being the largest listed player with a three-generation legacy, strategic coastal plant locations for logistical cost advantages, and a cost-plus pricing model that protects margins.

Macro Economic Sensitivity

The business is sensitive to global geopolitics and economic slowdowns, which can impact export demand and supply chain stability.

Consumer Behavior

Increased demand for safety and environmental compliance is driving a shift toward HFFR (Halogen Free Flame Retardant) compounds in the wire and cable industry.

Geopolitical Risks

Geopolitical unpredictability and wars are cited as threats that could impact exports and demand for polymer compounds.

⚖️ Regulatory & Governance

Industry Regulations

The company must adhere to manufacturing standards for polymer compounds and raw material sourcing regulations, which could impact operational effectiveness.

Environmental Compliance

Compliance with strict environmental norms is cited as a potential threat that could impact operational costs and raw material sourcing.

⚠️ Risk Analysis

Key Uncertainties

Key risks include raw material price volatility (crude oil derivatives) and technological disruptions that could make current polymer compounds obsolete.

Geographic Concentration Risk

Manufacturing is concentrated in West Bengal, Daman, and Silvassa, though these locations are strategically chosen for port proximity.

Third Party Dependencies

The company is dependent on Middle Eastern suppliers for raw material imports to maintain its interest-free credit cycle.

Technology Obsolescence Risk

Technological risks are mitigated through internal R&D and continuous customer feedback to adapt to changing material needs.

Credit & Counterparty Risk

Credit risk is managed through regular reviews of receivable insurance policies for export sales and effective management of working capital components.