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DHABRIYAPOLYWOOD Diversified 15 May 2026

Dhabriya Polywood Ltd — Q4 FY26

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.

bullish high
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Revenue ₹70 Cr +12.5%
EBITDA ₹55 Cr +45.6%
PAT ₹8 Cr +67.2%
EBITDA Margin 21.11% +460bps
Duration 79 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

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Raw material price volatility

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Quarter Snapshot

Order Book ₹174 Cr
+45% YoY

Highest ever order book, comprising UPVC windows (₹84 Cr), modular furniture (₹34 Cr), and aluminum windows (₹56 Cr).

PVC Profile Capacity Utilization 66%
+16pp YoY

Capacity utilization improved from 50% to 66% in FY26; management targets 85% to achieve ₹450 Cr revenue from profiles alone.

Aluminum Windows Orders ₹56 Cr
New

Newly launched aluminum windows and facade division has already closed orders worth ₹56 Cr in Q4 FY26.

WPC Door Revenue Guidance FY27 ₹15 Cr
New

WPC door vertical to be commercially launched in Q2 FY27; expected to contribute ₹15 Cr in FY27.

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Guidance and risk preview

Top guidance 30% CAGR revenue growth over long term

Management targets approximately 30% CAGR revenue growth driven by new product verticals (WPC doors, aluminum windows, WPC panels) and capacity exp...

Top risk Raw material price volatility

PVC resin and aluminum prices have risen 15-18% due to Middle East crisis; while price hikes have been passed on, sustained volatility could pressu...

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