Ddev Plastiks Industries Limited , a leading manufacturer of polymer compounds, held its 5th Annual General Meeting (AGM) on September 22, 2025, via video conferencing. The company reported strong financial performance and approved several key resolutions.

Financial Highlights

Key Resolutions Passed

1. Adoption of audited financial statements for FY 2024-25
2. Declaration of final dividend of ₹1.75 per equity share (175%)
3. Re-appointment of Mr. Ddev Surana as director
4. Approval of remuneration for Cost Auditors for FY 2025-26
5. Appointment of Mr. Ashok Kumar Daga as Secretarial Auditor

Management Commentary

The management addressed shareholder queries on various topics including:

• Impact of GST revisions
• U.S. tariffs on exports
• Capex and expansion plans
• Competitive landscape in the wire and cable industry

Chairman and Managing Director Mr. Narrindra Suranna expressed confidence in the company's growth trajectory, citing strong domestic demand and strategic initiatives to expand product portfolio and manufacturing capabilities.

Dividend Details

The approved final dividend of ₹1.75 per share represents a 175% payout on the face value of ₹1 per share. The total dividend outflow will be approximately ₹1,810.84 lakhs.

Conclusion

Ddev Plastiks Industries continues to demonstrate resilience and growth in the polymer compounding sector. With its focus on innovation, capacity expansion, and sustainability, the company appears well-positioned to capitalize on opportunities in both domestic and international markets.

Ddev Plastiks Industries has set an ambitious target to achieve revenue of Rs 4,500-5,000 crore by 2030 from its compounded business, banking on the robust growth in the cable industry and increasing demand for renewable energy solutions. The company's strategic plan includes significant investments in technology and global expansion, while also aiming to become debt-free by the end of 2025.

Growth Drivers and Industry Outlook

The cable industry, a key market for DDev Plastiks, is projected to grow at a compelling 15% Compound Annual Growth Rate (CAGR), nearly doubling the country's GDP growth rate. This favorable industry outlook underpins the company's optimistic revenue targets for the coming years.

Investment and Expansion Plans

DDev Plastiks has already deployed Rs 110.00 crore in capital expenditure this year, demonstrating its commitment to growth. The company has outlined plans for additional investments of Rs 300.00-400.00 crore by 2027, aimed at enhancing its technological capabilities and expanding its global footprint.

Focus on High-Margin Products

A key element of DDev Plastiks' strategy is its focus on high-margin Halogen-Free Flame Retardant (HFFR) compounds. While these products currently represent only 2% of the company's revenue, they offer attractive margins of 10-15%. This focus on value-added products is expected to contribute significantly to the company's profitability in the coming years.

Innovation and R&D

DDev Plastiks has leveraged its in-house R&D capabilities to develop products that were previously imported. The company now manufactures certain compounds exclusively worldwide, highlighting its technological prowess and innovation-driven approach.

Financial Goals

In addition to its revenue targets, DDev Plastiks has set a goal to become debt-free by the last quarter of 2025. This financial strategy aims to strengthen the company's balance sheet and improve its overall financial health.

Market Performance

Investors have responded positively to the company's growth plans and industry outlook. Shares of DDev Plastiks closed 0.60% higher at Rs 350.00 on the National Stock Exchange (NSE), reflecting market confidence in the company's strategic direction.

As DDev Plastiks Industries pursues its ambitious growth plans, the company appears well-positioned to capitalize on the expanding cable industry and the growing demand for specialized compounds in the renewable energy sector. The focus on high-margin products and continued investment in R&D and global expansion could be key factors in achieving its 2030 revenue target.