Skip to content

    Dhabriya Poly.

    Jaipur-based zero-wood building-materials maker of PVC/uPVC profiles, uPVC & aluminium windows-doors-glazing, and modular furniture, sold under the Polywood, Dynasty, Studio Arezzo and D-Stona brands.

    Capital Goods
    Industrials
    View 538715 earnings calls

    Overview

    Price

    Market Cap

    ₹469 Cr

    Sector

    Capital Goods

    Industrials

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1111111111111111
    Reserves404449587189103119
    Borrowings4449545753535576
    Other Liabilities2014161929283019
    Total Liabilities115117130145165181199226
    AssetsFixed Assets4243456371798490
    CWIP37805006
    Investments00000000
    Other Assets7068768388102115129
    Total Assets115117130145165181199226

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating8128101432178
    Cash from Investing-5-4-8-7-13-20-12-26
    Cash from Financing-2-80-1-1-10-517
    SummaryCapital Expenditure
    Free Cash Flow38-131115-19
    FCF Margin

    Valuation

    Assumptions

    Current — 538715
    Price
    ₹412
    EPS (TTM)
    ₹27.17
    PE (TTM)
    15.2
    Profit growth
    51.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (20.6×) and current (15.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹412
    vs
    Fair value · 15% return
    ₹1,657
    302%Undervalued

    At 51.3% growth and a 15× exit, ₹412 only delivers your return if you pay ₹1,657. The price is currently baking in 18% growth.

    EPS grows 51.3%/yr for 5 years, then fades to 6% over 2, exits at 15×.

    YearGrowthEPS (₹)
    FY2751.3%41.11
    FY2851.3%62.20
    FY2951.3%94.10
    FY3051.3%142.38
    FY3151.3%215.42
    FY3228.6% ·fade277.14
    FY336.0% ·fade293.76

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Dhabriya Poly.

    Guides on how to read this kind of business and the numbers that matter.