Duroply Industries share price & results

DUROPLY INDUSTRIES LIMITED· Consumer Durables· Consumer Discretionary

Results to: Jun 2026
Latest analysed call: Q4 FY26
Ownership as of: Jun 2026

Kolkata-based manufacturer and marketer of plywood, blockboards, decorative veneers and flush doors under the Duro brand, sold through a pan-India dealer and retail network.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	99.6 ₹ crore	+6.5% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	4.4 %	−1.1 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	0.61 ₹ crore	−60.6% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.
Return on equity	Unavailable	+7.3 ptsFY Mar 2018 vs FY Mar 2017	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	+2.4 ptsFY Mar 2018 vs FY Mar 2017	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	−8.4 ptsFY Mar 2018 vs FY Mar 2017	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 8 judged targets kept · 4 open · verdicts reflect calls analysed to Q4 FY26.

DUROPLY INDUSTRIES LIMITED management guidance track record on Inve: 12 targets tracked across analysed earnings calls (2 achieved, 6 missed, 4 open).

Target	Original wording	Said	Latest call	Verdict
Inventory Days	Inventory days to come down over the next couple of quarters from 165 days. Call transcript, Q4 FY25 · 15 May 2025	Q4 FY25	Q4 FY26:Achieved. Full year inventory days reduced to 146, a significant improvement from 169 last year and below the original 165-day level. Call transcript, Q4 FY26 · 27 May 2026	Achieved
EBITDA Margin (Long-term)	Reach 8.5%-9.5% EBITDA margin in 2 years. Call transcript, Q4 FY25 · 15 May 2025	Q4 FY25	Q4 FY26:FY26 EBITDA margin came in at 5.56%, missing the annual target of 6-6.5%. This makes the long-term revised goal of 6.5-7% for FY27 more challenging. Call transcript, Q4 FY26 · 27 May 2026	Missed
Revenue Growth	Return to double-digit growth in FY27. Call transcript, Q4 FY26 · 27 May 2026	Q4 FY26	Q4 FY26:Management stated they are looking to return to double-digit growth in FY27. Call transcript, Q4 FY26 · 27 May 2026	New

Source: Inve Guidance Tracker for DUROPLY INDUSTRIES LIMITED · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of DUROPLY INDUSTRIES LIMITED's 12 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.

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Price

₹99.5 +1.48% · +₹1.45

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −47.6% 1Y

1Y: ₹189.8 on 24 Oct 2025 → ₹99.5. High ₹191.45 (11 Nov 2025), low ₹96.5 (1 Oct 2026).

Previous close: ₹98.05
Market cap: ₹144 Cr
52-week range: ₹96.5 – ₹191.45
One year: −46.51%

Overview

Symbol: NSE:DUROPLY
Sector: Consumer Durables
Industry: Consumer Discretionary
Exchange: NSE
Currency: INR

What DUROPLY INDUSTRIES LIMITED does

Based on the company's own presentations, annual report and earnings calls.

Duroply Industries manufactures plywood, blockboards, decorative veneers and flush doors under the Duro brand at its manufacturing facility in Rajkot, Gujarat, sourcing timber from certified sustainable forests worldwide. It sells through a network of over 8,000 retail outlets and dealers/distributors across India, serving architects, carpenters, contractors and end consumers. The company combines in-house manufacturing with outsourced/contract production at third-party manufacturing partners to scale capacity without major capital expenditure, and also undertakes contract manufacturing for other brands.

Segments

Plywood
Blockboards
Decorative veneers
Flush doors
Contract/outsourced manufacturing

Manufacturing capacity — plywood: 6,82,520 sheets/yr
Manufacturing capacity — decorative veneers: 6,74,064 sq. m/yr
Manufacturing capacity — blockboards: 1,32,920 sheets/yr
Manufacturing capacity — flush doors: 62,053 doors/yr
Retail outlets: 8,000+
Plywood sold: 10 Million+ sq. m (FY25-26)

Founded 1957Headquarters Kolkata, West Bengal, IndiaEmployees 594 (FY25) Company website

How the price took the results

close before → close after

Q4 FY26: −1.2%; 27 May
Q3 FY26: 0.0%; 4 Feb
Q2 FY26: −2.5%; 17 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Guidance

What management said, and what became of it

2 of 8 judged targets kept · 4 open · verdicts reflect calls analysed to Q4 FY26.

DUROPLY INDUSTRIES LIMITED management guidance track record on Inve: 12 targets tracked across analysed earnings calls (2 achieved, 6 missed, 4 open).

Target	Original wording	Said	Latest call	Verdict
Inventory Days	Inventory days to come down over the next couple of quarters from 165 days. Call transcript, Q4 FY25 · 15 May 2025	Q4 FY25	Q4 FY26:Achieved. Full year inventory days reduced to 146, a significant improvement from 169 last year and below the original 165-day level. Call transcript, Q4 FY26 · 27 May 2026	Achieved
EBITDA Margin (Long-term)	Reach 8.5%-9.5% EBITDA margin in 2 years. Call transcript, Q4 FY25 · 15 May 2025	Q4 FY25	Q4 FY26:FY26 EBITDA margin came in at 5.56%, missing the annual target of 6-6.5%. This makes the long-term revised goal of 6.5-7% for FY27 more challenging. Call transcript, Q4 FY26 · 27 May 2026	Missed
Revenue Growth	Return to double-digit growth in FY27. Call transcript, Q4 FY26 · 27 May 2026	Q4 FY26	Q4 FY26:Management stated they are looking to return to double-digit growth in FY27. Call transcript, Q4 FY26 · 27 May 2026	New

Source: Inve Guidance Tracker for DUROPLY INDUSTRIES LIMITED · to Q4 FY26

The full ledger

Open DUROPLY INDUSTRIES LIMITED’s full ledger

A free account opens 5 company ledgers a month. All 12 tracked commitments, with each call’s wording and source.

Browse the register

Latest analysed call: Q4 FY26, 27 May 2026. 6 calls analysed.

No analysed call after Q4 FY26, though results run to Jun 2026.

Call summaries

Q4 FY26 — 27 May 2026

Duroply Indust. Q4 FY26

Duroply Industries reported a robust annual performance for FY26 with 8.3% revenue growth and a 25.3% increase in EBITDA, coupled with improved working capital. However, Q4 FY26 saw a dip in margins and EBITDA, partly due to an exceptional loss and a general slowdown in growth during H2 FY26. The company is implementing strategic initiatives to regain double-digit growth and navigate significant inflationary pressures stemming from geopolitical tensions and raw material costs, while facing market resistance to further price hikes.

Read the full call

Q3 FY26 — 4 Feb 2026

Duroply Indust. Q3 FY26

Duroply Industries reported a challenging Q3 FY26, primarily due to environment-related restrictions and construction bans in North India, impacting revenue and cash flows. Despite this, the company saw strong growth in its in-house manufactured goods segment and improved gross margins. Management expects a recovery in Q4 FY26, driven by easing restrictions and continued margin improvement, aiming for an FY26 EBITDA margin between 6% and 6.5%.

Read the full call

Q2 FY26 — 17 Nov 2025

Duroply Indust. Q2 FY26

Duroply Industries reported strong Q2 FY26 results with significant revenue and profit growth, largely driven by contract manufacturing and its mid-segment brand 'Tower'. Despite a soft demand environment, the company outpaced industry growth and expects to maintain mid-teens revenue growth with improving margins in the coming quarters. Management is focusing on operational efficiencies, strategic marketing, and talent acquisition to drive premium product growth and achieve long-term targets.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

DUROPLY INDUSTRIES LIMITED earnings calls (DUROPLY)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2016 to Mar 2018).

Mar 2016 Mar 2017 Mar 2018
43.00 days 35.00 days 36.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2016 Mar 2017 Mar 2018
173.00 days 190.00 days 173.00 days

How it is calculated. Reported inventory days, using material cost / cost of goods sold.
Mar 2016 Mar 2017 Mar 2018
144.00 days 153.00 days 149.00 days

How it is calculated. Reported payable days, using material cost / cost of goods sold.
Mar 2016 Mar 2017 Mar 2018
72.00 days 72.00 days 59.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2016 Mar 2017 Mar 2018
-26.00 days -29.00 days -39.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2016 Mar 2017 Mar 2018
0.00% 0.00% 0.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2016 Mar 2017 Mar 2018
— — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2016	Mar 2017	Mar 2018
43.00 days	35.00 days	36.00 days

Mar 2016	Mar 2017	Mar 2018
173.00 days	190.00 days	173.00 days

Mar 2016	Mar 2017	Mar 2018
144.00 days	153.00 days	149.00 days

Mar 2016	Mar 2017	Mar 2018
72.00 days	72.00 days	59.00 days

Mar 2016	Mar 2017	Mar 2018
-26.00 days	-29.00 days	-39.00 days

Mar 2016	Mar 2017	Mar 2018
0.00%	0.00%	0.00%

Mar 2016	Mar 2017	Mar 2018
—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: −61% (quarter to jun 2026 against jun 2025).

In ₹ crore. Oldest period first.

Line item	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	91	90	106	94	104	93	112	100
Expenses	87	86	101	88	98	88	107	95
Operating profit	4	4	5	5	6	5	5	4
Operating margin	4.2%	4.5%	5.0%	5.5%	5.9%	5.3%	4.3%	4.4%
Other income	0	0	1	0	0	0	0	0
Interest	2	2	2	2	2	2	2	2
Depreciation	1	1	1	1	1	2	2	2
Profit before tax	1	1	3	2	3	1	1	1
Tax rate	57.0%	−1.6%	15.7%	18.1%	9.8%	−4.4%	335.6%	41.4%
Net profit	1	1	3	2	2	1	-2	1
EPS (₹ per share)	0.51	1.24	2.77	1.57	2.22	1.32	-2.26	0.56

Source: Inve data · income statement, quarterly · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	302	323	372	403
Expenses	286	311	355	382
Operating profit	16	12	17	21
Other income	2	1	2	1
Interest	7	8	7	9
Depreciation	3	4	5	6
Profit before tax	8	1	7	7
Net profit	5	1	8	3

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026
Equity capital	6	8	10	10	11	11
Reserves	57	81	117	124	141	141
Borrowings	59	46	48	60	79	73
Other liabilities	82	90	86	99	100	76
Total liabilities	205	225	260	293	332	302
Fixed assets	102	102	103	108	117	125
Capital work in progress	0	0	0	4	1	0
Investments	0	0	9	1	1	2
Other assets	102	122	148	180	213	174
Total assets	205	225	260	293	332	302

Source: Inve data · balance sheet · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operations	-5	24	2	-17	-3	2
Cash from investing	4	-2	-2	-10	1	-17
Cash from financing	-1	-22	0	27	1	15
Net cash flow	-1	0	0	1	-1	0
Free cash flow	0	21	0	-18	-10	-14

Source: Inve data · cash flow · to Mar 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	36	38	35	39	47	42
Inventory days	197	195	134	149	165	145
Days payable	169	175	119	109	117	72
Cash conversion cycle	64	59	49	79	94	115
Working capital days	-47	-49	-2	35	36	40
Return on capital employed	−2.0%	3.0%	11.0%	6.0%	7.0%	8.0%
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Promoters hold 50.22% as of Jun 2026; institutions added 0.00 pts since Mar 2026.

Promoters 0.00 pts 50.22%
Domestic institutions 0.00 pts 0.10%
Public +0.01 pts 49.68%

7,147 shareholders on the register.

Source: Exchange shareholding filings · to Jun 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

newly disclosed 6.41% held

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of DUROPLY INDUSTRIES LIMITED above SEBI's 1% disclosure line, and what changed since Mar 2026.

Holder	Stake	Change
	11.24%	unchanged
	6.67%	unchanged
	6.41%	newly disclosed
	5.55%	unchanged
	3.60%	unchanged
	3.55%	unchanged
	3.37%	unchanged
	3.36%	unchanged
	3.35%	unchanged
	3.31%	unchanged
	2.50%	unchanged
	2.27%	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.

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