DHABRIYA
Dhabriya Polywood financials
- Market cap
- ₹545 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 10.0%, net profit up 35.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 55 | 63 | 62 | 67 +15% | 66 +20% | 70 +10% | 68 +10% |
| EBITDA | 9 | 9 | 10 | 12 | 14 +49% | 14 +56% | 15 +44% | 16 +28% |
| Net profit | 4 | 4 | 5 | 7 | 8 +82% | 8 +101% | 8 +55% | 9 +35% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +35.9% 1Y
1Y: ₹370.3 on 10 Sept 2025 → ₹503.1. High ₹580.3 (24 Aug 2026), low ₹285.95 (30 Mar 2026).
Financials, as filed
Revenue grew 11.8% a year over 2 years, FY24 to FY26. Operating margin widened to 20.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹212 Cr | ₹235 Cr | ₹264 Cr |
| Operating profit | ₹31 Cr | ₹38 Cr | ₹55 Cr |
| Operating margin | 14.6% | 16.0% | 20.6% |
| Interest | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Depreciation | ₹7 Cr | ₹9 Cr | ₹10 Cr |
| Net profit | ₹14 Cr | ₹18 Cr | ₹30 Cr |
| Net margin | 6.7% | 7.7% | 11.4% |
| Cash from operations | ₹32 Cr | ₹17 Cr | ₹8 Cr |
| Free cash flow | ₹11 Cr | ₹5 Cr | ₹-19 Cr |
| ROCE | 19.0% | 20.0% | 26.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹44 Cr | ₹49 Cr | ₹58 Cr | ₹71 Cr | ₹103 Cr | ₹119 Cr |
| Borrowings | ₹49 Cr | ₹54 Cr | ₹57 Cr | ₹53 Cr | ₹55 Cr | ₹76 Cr |
| Other liabilities | ₹14 Cr | ₹16 Cr | ₹19 Cr | ₹29 Cr | ₹30 Cr | ₹19 Cr |
| Total liabilities | ₹117 Cr | ₹130 Cr | ₹145 Cr | ₹165 Cr | ₹199 Cr | ₹226 Cr |
| Fixed assets | ₹43 Cr | ₹45 Cr | ₹63 Cr | ₹71 Cr | ₹84 Cr | ₹90 Cr |
| Capital work in progress | ₹7 Cr | ₹8 Cr | ₹0 Cr | ₹5 Cr | ₹0 Cr | ₹6 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹68 Cr | ₹76 Cr | ₹83 Cr | ₹88 Cr | ₹115 Cr | ₹129 Cr |
| Total assets | ₹117 Cr | ₹130 Cr | ₹145 Cr | ₹165 Cr | ₹199 Cr | ₹226 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 7,032.
- Promoters
- 67.8%
- FIIs
- 1.5%
- DIIs
- 0.5%
- Public
- 30.3%
Since Jun 2025
- DIIs +0.08 pp
- Public −0.08 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window FIIs went from 0.0% to 1.5% — +1.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.8%, DIIs 0.5%, Public 31.7%.Dec '23: Promoters 67.8%, DIIs 0.6%, Public 31.6%.Mar '24: Promoters 67.8%, FIIs 0.1%, DIIs 0.6%, Public 31.6%.Jun '24: Promoters 67.8%, DIIs 0.5%, Public 31.7%.Sep '24: Promoters 67.8%, Public 32.2%.Dec '24: Promoters 67.8%, Public 32.2%.Mar '25: Promoters 67.8%, FIIs 1.5%, DIIs 0.4%, Public 30.4%.Jun '25: Promoters 67.8%, FIIs 1.5%, DIIs 0.4%, Public 30.4%.Sep '25: Promoters 67.8%, FIIs 1.5%, DIIs 0.4%, Public 30.4%.Dec '25: Promoters 67.8%, FIIs 1.5%, DIIs 0.4%, Public 30.4%.Mar '26: Promoters 67.8%, FIIs 1.5%, DIIs 0.4%, Public 30.4%.Jun '26: Promoters 67.8%, FIIs 1.5%, DIIs 0.5%, Public 30.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Dhabriya Polywood Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Digvijay Dhabriya | 59.98% | unchanged |
| Ashish Kacholia | 5.32% | unchanged |
| Anita Dhabriya | 4.34% | unchanged |
| Digvijay Dhabriya Huf | 3.05% | unchanged |
| Meru Investment Fund Pcc-Cell 1 FPI fund | 1.51% | unchanged |
| Gaurav Jain | 1.24% | unchanged |
| Prateek Jain | 1.02% | unchanged |
| Sandhya Hiran | 0.30% | unchanged |
| Usha Jain | 0.08% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹503, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~45%. At that growth it is worth ₹2831 — upside of 463%.
- Growth the price implies
- 9.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 44.5% a year
- net profit, FY24–FY26 · EPS 44.5%
- The gap
- -0.3 pp
- 463% downside if it only repeats history
Learn to analyse Dhabriya Polywood Limited
Guides on how to read this kind of business and the numbers that matter.