Dhabriya Polywood Posts Record FY26 Profit And Approves Dividend

28 May 2026 CW Team

Net worth stood at Rs. 1,296.0 mn at year end and the company has authorised a strategic capital expenditure programme of Rs. 1 billion (bn) to be deployed across FY26 to FY28, with Rs. 270.0 mn spent in FY26 to expand extrusion lines and set up aluminium glazing capacity. Management attributed margin expansion to operating leverage and premiumisation and said EBITDA margin reached 20.6 per cent while PAT margin expanded to 11.4 per cent. The company noted disciplined execution and premium product mix as drivers of profitability.

The fourth quarter was the strongest on record with quarter revenue of Rs. 697.4 mn, EBITDA of Rs. 147.2 mn and quarterly PAT of Rs. 83.3 mn, reflecting improved product mix and project flows. Segmentally, plastic products generated Rs. 2,219.5 mn in revenue with a segment profit before tax of Rs. 369.4 mn, while modular furniture contributed Rs. 435.9 mn and segment profit before tax of Rs. 37.3 mn. Overall profit before tax for FY26 was Rs. 406.7 mn, demonstrating sustained improvement across divisions. The company reported total net working capital increases that management described as deliberate and transitory.

Inventories were elevated to Rs. 694.2 mn to secure input prices, trade receivables stood at Rs. 317.9 mn and trade payables reduced to Rs. 3.8 mn as part of a one time strategic settlement. Management indicated the working capital cycle should normalise in FY27, cash conversion should strengthen and internal funding will support capex and deleveraging. The company expects to pursue roughly 30 per cent CAGR revenue growth while maintaining sustainable margins as new verticals and commissioned capex come on stream.

Dhabriya Polywood Limited announced audited consolidated results for the year ended 31 March 2026, reporting revenue of Rs. 2,644.8 million (mn), up 12.5 per cent year on year, and EBITDA of Rs. 545.9 mn, up 45.6 per cent. Profit after tax rose to Rs. 301.4 mn, a 67.2 per cent increase, and basic and diluted earnings per share were Rs. 27.85. The board recommended a dividend of Rs. zero point seven zero per equity share. Net worth stood at Rs. 1,296.0 mn at year end and the company has authorised a strategic capital expenditure programme of Rs. 1 billion (bn) to be deployed across FY26 to FY28, with Rs. 270.0 mn spent in FY26 to expand extrusion lines and set up aluminium glazing capacity. Management attributed margin expansion to operating leverage and premiumisation and said EBITDA margin reached 20.6 per cent while PAT margin expanded to 11.4 per cent. The company noted disciplined execution and premium product mix as drivers of profitability. The fourth quarter was the strongest on record with quarter revenue of Rs. 697.4 mn, EBITDA of Rs. 147.2 mn and quarterly PAT of Rs. 83.3 mn, reflecting improved product mix and project flows. Segmentally, plastic products generated Rs. 2,219.5 mn in revenue with a segment profit before tax of Rs. 369.4 mn, while modular furniture contributed Rs. 435.9 mn and segment profit before tax of Rs. 37.3 mn. Overall profit before tax for FY26 was Rs. 406.7 mn, demonstrating sustained improvement across divisions. The company reported total net working capital increases that management described as deliberate and transitory. Inventories were elevated to Rs. 694.2 mn to secure input prices, trade receivables stood at Rs. 317.9 mn and trade payables reduced to Rs. 3.8 mn as part of a one time strategic settlement. Management indicated the working capital cycle should normalise in FY27, cash conversion should strengthen and internal funding will support capex and deleveraging. The company expects to pursue roughly 30 per cent CAGR revenue growth while maintaining sustainable margins as new verticals and commissioned capex come on stream.

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