Ddev Plastiks Industries , a leading player in the plastics industry, has unveiled a capacity expansion plan worth approximately INR 50 crores. The company aims to add 30,000 MTPA (Metric Tonnes Per Annum) to its production capacity during the third quarter of the financial year 2025-26, as per a recent corporate announcement.

Expansion Details

The capacity addition plan includes:

The company also mentioned plans for further capacity additions in the XLPE (Cross-Linked Polyethylene) segment, although specific details were not provided.

Financial Aspects

• Investment Required: Approximately INR 50 crores
• Funding Source: Internal accruals

Strategic Rationale

The expansion is driven by several factors:

1. Growing Demand: The capacity additions are proposed in view of the increasing demand for the company's products.

2. HFFR Market Potential: HFFR (Halogen-Free Flame Retardant) compounds are expected to replace PVC in house wiring cables. The government has mandated HFFR use in public areas such as malls, metro stations, hospitals, and schools.

3. Solar Cable Demand: HFFR compounds are vital for manufacturing solar cables, a market segment experiencing growth.

4. New Industry Participants: The entry of new players like Adani and Ultratech into the industry may be contributing to increased demand.

Current Capacity and Utilization

As of September 30, 2025:

• Existing Capacity: 238,400 MTPA
• Capacity Utilization: 84%

Long-term Vision

This expansion aligns with Ddev Plastiks Industries' goal to achieve INR 5,000 crores in revenue by FY2030, as mentioned in the company's statement.

The capacity expansion plan demonstrates Ddev Plastiks Industries' commitment to growth and its strategic positioning to capitalize on evolving market demands, particularly in the HFFR and solar cable segments.

Ddev Plastiks Industries Ltd. , India's largest polymer compound manufacturer, has reported a strong financial performance for the first half of fiscal year 2026 (H1FY26). The company's revenue reached ₹1,449 crore, marking a significant 20% year-on-year increase.

Financial Highlights

• Revenue: ₹1,449.00 crore (20% YoY growth)
• EBITDA: ₹154.00 crore (16% YoY growth)
• EBITDA Margin: 11.00%
• Profit After Tax (PAT): ₹99.00 crore (14% YoY growth)
• PAT Margin: 7.00%
• Earnings Per Share (EPS): ₹9.59 (14% YoY growth)

Operational Performance

• Production Volume: 99,937 MT
• Capacity Utilization: 84.00%
• Revenue Per Ton: ₹1,41,802.00
• EBITDA Per Ton: ₹15,559.00

Product Mix

Management Commentary

Narrindra Suranna, Chairman and Managing Director of Ddev Plastiks, stated, "I am pleased to announce that Ddev Plastiks has delivered a robust performance for the first half of FY26. These results demonstrate our sustained growth momentum despite a challenging geopolitical environment."

He added, "The widespread electrification across homes, factories, EVs, solar farms, and data centers has attracted prominent industry leaders and giant business houses to enter the wires and cables sector. This development further solidifies our position as a key supplier of compounds to top players in the segment."

Growth Strategy and Expansion Plans

Ddev Plastiks remains committed to its long-term goal of achieving ₹5,000 crore in revenue by FY2030 while maintaining double-digit EBITDA margins. The company's capacity expansion initiatives are on track, with recent developments including:

1. Commissioning of a new PVC facility with an installed capacity of 15,000 MT in October 2025.
2. Additional capacity of 5,000 MT for HFFR compounds and 10,000 MT for PVC compounds scheduled to be operational by the end of December 2025.

Market Position and Product Innovation

As India's largest polymer compound manufacturer, Ddev Plastiks has strengthened its market position through product innovation and expansion into high-growth segments. Notable achievements include:

• Receiving third-party approval for India's first locally produced Water Tree Retardant (WTR XLPE Insulation) Compounds.
• Introduction of XL HFFR compound for solar applications.
• Manufacturing of Anti Track (Track Resistant) Compound suitable for 36 KV, which is expected to see increased demand for MVCC (Medium Voltage Covered Conductor) applications.

Industry Outlook

The Indian wire and cable industry is projected to grow at approximately twice the rate of India's GDP. This growth is driven by factors such as investments in power transmission and distribution, capacity addition in renewable energy, smart cities initiatives, and increasing investments in railways for electrification.

Ddev Plastiks, with its diverse product portfolio and strong market position, is well-positioned to capitalize on these industry trends and continue its growth trajectory.

Conclusion

Ddev Plastiks Industries Ltd. has demonstrated strong financial and operational performance in H1FY26, with significant growth in revenue, EBITDA, and profitability. The company's focus on capacity expansion, product innovation, and strategic positioning in high-growth segments of the polymer compounds market bodes well for its future prospects and its goal of reaching ₹5,000 crore in revenue by FY2030.