Dhabriya Polywood FY26 PAT rises 67.2% to ₹30.14 crore
Dhabriya Polywood Limited reported a 67.2% rise in consolidated net profit to ₹30.14 crore for FY26, driven by a 12.5% revenue growth to ₹264.48 crore and improved EBITDA margins of 20.6%. The Board recommended a dividend of ₹0.70 per share and announced a ₹100 crore capex plan for FY26-28 to expand into new verticals like aluminium windows and WPC doors. Management guided for 30% CAGR revenue growth, supported by a record order book of ₹174 crore.

*this image is generated using AI for illustrative purposes only.
Dhabriya Polywood Limited reported a consolidated net profit of ₹30.14 crore for the financial year ended March 31, 2026, a 67.2% increase from ₹18.03 crore in the previous year. The Board of Directors, meeting on May 26, 2026, approved the audited standalone and consolidated financial results and recommended a dividend of ₹0.70 per equity share with a face value of ₹10 each. This dividend is subject to shareholder approval at the ensuing Annual General Meeting. The company recorded its strongest quarter on record in Q4 FY26, with net profit rising 54.9% year-on-year to ₹8.33 crore.
Financial Performance
For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹8.33 crore, compared to ₹5.37 crore in the corresponding quarter of the previous year. Total income for the quarter rose to ₹69.74 crore from ₹63.47 crore a year ago. On a standalone basis, net profit for the quarter stood at ₹4.23 crore, up from ₹2.20 crore in Q4 FY25. Revenue from operations for the full year grew to ₹264.48 crore (consolidated) and ₹147.84 crore (standalone) from ₹235.11 crore and ₹130.26 crore respectively in FY25.
Strategic Outlook and Capex
The company announced a ₹100 crore strategic capital expenditure program to be deployed over FY26 to FY28. This is the most significant capex program in the company's history. In FY26, ₹27 crore was deployed towards expanding PVC & WPC profile extrusion lines and dedicated manufacturing infrastructure for the aluminium glazing & windows division. The remaining deployment over FY27 and FY28 will further strengthen manufacturing footprint and enable scaling into new categories such as WPC doors, WPC wall and ceiling panels, and aluminium windows. Management has guided for approximately 30% CAGR revenue growth while maintaining sustainable EBITDA and PAT margins over the long term. The company exits FY26 with a record net worth of ₹129.60 crore.
Segmental Performance
Plastic Products revenue grew 13.4% year-on-year to ₹221.95 crore, with segment PBT increasing 63.0% to ₹36.94 crore. Modular Furniture revenue rose 7.4% to ₹43.59 crore, with segment PBT jumping 88.0% to ₹3.73 crore. The overall PBT margin for the year improved to 15.4%.
Earnings Call Details
Pursuant to Regulation 30 and 46 read with clause 15 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted the transcript of the earnings conference call conducted on May 27, 2026. Management highlighted a strong order book of ₹174 crore, providing excellent revenue visibility. The call addressed strategic initiatives, including the expansion into aluminium facades and WPC doors, and confirmed that price hikes implemented in response to rising raw material costs have safeguarded margins.
Consolidated Financial Results (₹ in Crore)
| Particulars | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Total Income | 265.97 | 235.70 |
| Total Expenses | 225.30 | 211.09 |
| Profit for the period | 30.14 | 18.03 |
| Earnings Per Share (Basic) | 27.85 | 16.65 |
Historical Stock Returns for Dhabriya Polywood
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.16% | -1.46% | -6.99% | -6.27% | -9.88% | +407.10% |
How will the remaining ₹73 crore of the capex program be specifically allocated between FY27 and FY28 to support the expansion into new categories?
What are the expected revenue contributions from the new WPC doors and aluminium windows segments once the expansion is fully operational?
Can the company sustain the 30% revenue CAGR guidance given the potential for volatile raw material costs despite recent price hikes?


































