Dhabriya Polywood Limited has secured a new work order worth ₹8.06 crore for the supply and installation of uPVC windows and doors from an Indian company. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The latest contract adds to the company's growing order book, with the project focusing on uPVC window and door solutions. The order details are structured as follows:

Project Timeline and Execution

The project is scheduled for completion within 12 months, with deliveries planned in various tranches according to the terms specified in the order. This structured approach allows for systematic execution and quality control throughout the project duration.

Regulatory Compliance and Disclosure

The company has maintained transparency by disclosing that the client name has been withheld for competitive sensitivity reasons. Key compliance aspects include:

The disclosure was signed by Company Secretary and Compliance Officer Sparsh Jain, ensuring adherence to regulatory requirements. The company confirmed that neither the promoter group nor group companies have any interest in the entity awarding the order, and the contract does not fall within related party transactions.

Strategic Business Development

This new order demonstrates Dhabriya Polywood Limited's expanding capabilities in the uPVC segment, complementing its existing expertise in polywood and modular furniture solutions. The domestic nature of the contract reinforces the company's strong position in the Indian market for building materials and architectural solutions.

Dhabriya Polywood Limited , a multi-vertical wood substitute solutions leader, has unveiled ambitious growth plans during a recent investor meeting. The company, which has been in operation since 1992, is positioning itself for significant expansion across its product lines.

Financial Performance and Targets

Dhabriya Polywood reported strong financial performance for the first half of fiscal year 2026:

The company has set an ambitious target to double its revenue by FY29, supported by mix improvement, strong branding, and available capacity.

Business Segments and Revenue Architecture

Dhabriya Polywood operates across three main segments:

1. PVC Profile Extrusion (Flagship Vertical)

   • Contributes 58-60% of revenues
   • Fully B2B model with 700+ dealers nationwide

2. UPVC Windows & Doors (Project-Focused Vertical)

   • Provides turnkey solutions to major developers
   • Serves North & South zones, Mumbai, Pune, and Goa

3. Modular Furniture

   • Contributes 16-18% of revenues
   • Marquee customers include DLF, Adani, Godrej, M3M

Expansion and Investment Plans

The company has outlined a strategic roadmap for growth:

Competitive Edge and Innovation

Dhabriya Polywood maintains its market position through:

• Product Innovation: Manufacturing fluted soffit panels with 15+ patented designs
• In-house tool room for continuous R&D and monthly mould/design development
• Premium positioning justified by quality, durability, and 30 years of brand trust

Market Opportunities and Risks

The management highlighted several opportunities and potential risks:

Opportunities

• Rising adoption in premium home interiors and renovations
• Growing acceptance of fluted/soffit panels and WPC-based products
• Expansion of dealer network and institutional clients

Risks

• Chinese imports at lower costs affecting Tier 2/3 markets
• High reliance on PVC resin, though sourced from stable suppliers
• Working capital cycles influenced by retention money in project business

Customer Profile and Revenue Diversification

Dhabriya Polywood has a diverse customer base:

• 700+ dealers ensure minimal concentration (top B2B customer contributes 6-7%)
• DLF contributes 15% of revenue across multiple projects
• Rapid addition of marquee real estate developers and corporates

Outlook

Despite potential real estate slowdowns, the management remains confident in maintaining 15-20% annual growth while strengthening profitability. The company's focus on value-added products, particularly fluted & soffit panels, is expected to drive margin expansion over the next 6-8 quarters.

As Dhabriya Polywood continues to leverage its strong market position and innovation capabilities, it appears well-positioned to capitalize on the growing demand for wood substitute solutions in the Indian market.