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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹69.74 Cr
verified against source
Revenue YoY
12.5%
reported change
EBITDA
₹54.59 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Dhabriya Polywood delivered a strong FY26 with consolidated revenue of ₹264.5 crore (+12.5% YoY), driven by robust EBITDA growth of 45.6% to ₹54.6 crore and PAT growth of 67.2% to ₹30.1 crore. EBITDA margin expanded 460 bps to 20.6%, aided by better product mix, operating leverage, and cost controls. Revenue fell short of initial targets due to deferred project execution, but the order book stands at a record ₹174 crore, providing strong visibility. Management guided for ~30% CAGR revenue growth over the long term, supported by a ₹100 crore capex plan for new verticals (WPC doors, aluminum windows, WPC panels). Key risk: execution delays in new product launches and potential margin pressure from raw material volatility.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets approximately 30% CAGR revenue growth driven by new product verticals (WPC doors, aluminum windows, WPC panels) and capacity expansion.
- Management expressed confidence that the 20%+ EBITDA margin achieved in FY26 is sustainable going forward, supported by product mix and operational efficiencies.
- Planned capex of ₹35-40 Cr in FY27 for Jaipur aluminum windows facility, WPC wall/ceiling division, and modernization of existing lines.
- Revenue contribution from new capex (aluminum windows, WPC doors) expected to be ₹55-60 Cr in FY27.
Risks flagged
- PVC resin and aluminum prices have risen 15-18% due to Middle East crisis; while price hikes have been passed on, sustained volatility could pressure margins.
- WPC door and aluminum windows divisions are new; any delay in commercial launch or ramp-up could impact FY27 revenue guidance.
- Project-based revenue (aluminum windows, modular furniture) typically involves longer payment cycles; working capital increased in FY26 due to strategic inventory buildup.
- The aluminum windows market is competitive with established international brands; Dhabriya's ability to win orders at competitive pricing is key.
Key quotes
- Our performance this quarter reflects stability anchored by a strong high-quality order book of more than 170 crores which gives us excellent revenue visibility.
- We are targeting approximately 30% CAGR revenue growth over the long term while maintaining sustainable EBITDA and PAT margins.
- We have already closed the orders worth rupees 50 crores plus for this new project vertical.
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