BSE: 538715 | NSE: | Plastic Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Dhabriya Polywood Ltd is a average quality company.
The key valuation ratios of Dhabriya Polywood Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dhabriya Polywood Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.1% | 15.9% | 15.4% | 14.3% | 10.9% | 7.7% | 5.7% | 5.5% | 8.2% | 11.9% | - |
| Value Creation Index ⓘ | 0.2 | 0.1 | 0.1 | 0.0 | -0.2 | -0.5 | -0.6 | -0.6 | -0.4 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 65.3 | 62.2 | 72.9 | 78.1 | 73.7 | 60.2 | 55.1 | 73.5 | 87.6 | 113 | 121 |
| Sales YoY Gr. | - | -4.8% | 17.2% | 7.2% | -5.6% | -18.4% | -8.3% | 33.4% | 19.1% | 28.7% | - |
| Adj EPS ⓘ | 2.6 | 3 | 3.4 | 3.6 | 2.6 | 1.5 | 0.5 | 0.9 | 2.8 | 4.5 | 5.5 |
| YoY Gr. | - | 16.3% | 14.1% | 6.5% | -29.2% | -40.5% | -69.9% | 93.5% | 215.7% | 60.9% | - |
| BVPS (₹) ⓘ | 18.4 | 21.5 | 26 | 32.2 | 35 | 36.2 | 36.8 | 37.8 | 40.7 | 44.8 | 47.5 |
| Adj Net Profit ⓘ | 2.6 | 3.1 | 3.6 | 3.9 | 2.8 | 1.7 | 0.5 | 1 | 3.1 | 4.9 | 6 |
| Cash Flow from Ops. ⓘ | 4.8 | 4.9 | 6.9 | 6.5 | 8.7 | 8.5 | 0.1 | 5.7 | 3.9 | 15.9 | - |
| Debt/CF from Ops. ⓘ | 5.5 | 6.9 | 5.3 | 5.5 | 4.1 | 4 | 345.2 | 8 | 12.9 | 3.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.3% | 8.9% | 26.9% | 28.7% | ||||
| Adj EPS ⓘ | 6.5% | 12% | 114.2% | 60.9% | ||||
| BVPSⓘ | 10.4% | 5.1% | 6.7% | 10.1% | ||||
| Share Price | 34.8% | 62.4% | 69% | 1.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 16.4 | 14.9 | 14.5 | 12.6 | 7.7 | 4.3 | 1.3 | 2.4 | 7.2 | 10.6 | 12 |
| Op. Profit Mgn % ⓘ | 14 | 16.1 | 15.9 | 15.7 | 13.7 | 13.7 | 11.5 | 9.2 | 11 | 13.2 | 13.8 |
| Net Profit Mgn % ⓘ | 4 | 4.9 | 4.9 | 5 | 3.8 | 2.8 | 0.9 | 1.3 | 3.5 | 4.3 | 4.9 |
| Debt to Equity ⓘ | 1.4 | 1.5 | 1.3 | 1 | 0.9 | 0.9 | 1.1 | 1.1 | 1.2 | 1 | 0.4 |
| Working Cap Days ⓘ | 148 | 174 | 166 | 195 | 225 | 277 | 302 | 236 | 217 | 184 | 87 |
| Cash Conv. Cycle ⓘ | 102 | 127 | 120 | 139 | 153 | 179 | 222 | 186 | 169 | 138 | 21 |
Return on Equity has increased versus last 3 years average to 12.00%
Sales growth is growing at healthy rate in last 3 years 26.93%
Net Profit is growing at healthy rate in last 3 years 114.19%
Sales growth is good in last 4 quarters at 17.88%
Debt to equity has increased versus last 3 years average to 1.04
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.5 | 15 |
| TTM Sales (₹ Cr.) | 121 | 224 |
| BVPS (₹.) ⓘ | 47.5 | 84.2 |
| Reserves (₹ Cr.) ⓘ | 41 | 80 |
| P/BV ⓘ | 8.33 | 4.70 |
| PE ⓘ | 71.65 | 26.40 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 220.00 / 520.00 |
| All Time Low / High (₹) | 12.84 / 520.00 |
| Market Cap (₹ Cr.) | 428 |
| Equity (₹ Cr.) | 10.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 43 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 65 | 62 | 73 | 78 | 74 | 60 | 55 | 74 | 88 | 113 |
| Operating Expenses ⓘ | 56 | 52 | 61 | 66 | 64 | 52 | 49 | 67 | 78 | 98 |
| Manufacturing Costs | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 6 | 7 | 12 |
| Material Costs | 38 | 34 | 41 | 41 | 40 | 32 | 31 | 46 | 52 | 61 |
| Employee Cost | 8 | 9 | 10 | 12 | 12 | 10 | 8 | 10 | 12 | 18 |
| Other Costs ⓘ | 4 | 4 | 5 | 6 | 5 | 5 | 4 | 5 | 6 | 8 |
| Operating Profit ⓘ | 9 | 10 | 12 | 12 | 10 | 8 | 6 | 7 | 10 | 15 |
| Operating Profit Margin (%) | 14.0% | 16.1% | 15.8% | 15.6% | 13.6% | 13.7% | 11.5% | 9.2% | 11.0% | 13.2% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 5 |
| Depreciation ⓘ | 2 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 5 | 6 | 6 | 4 | 2 | 1 | 1 | 4 | 7 |
| Tax ⓘ | 2 | 2 | 2 | 2 | 1 | 1 | 0 | 0 | 1 | 2 |
| Profit After Tax | 3 | 3 | 4 | 4 | 3 | 1 | 1 | 1 | 3 | 5 |
| PAT Margin (%) | 4.3% | 5.2% | 5.1% | 5.1% | 3.9% | 2.4% | 1.1% | 1.4% | 3.5% | 4.4% |
| Adjusted EPS (₹) | 2.7 | 3.2 | 3.5 | 3.7 | 2.7 | 1.3 | 0.6 | 0.9 | 2.8 | 4.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 18% | 11% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 19 | 22 | 28 | 35 | 38 | 39 | 40 | 41 | 44 | 48 |
| Share Capital ⓘ | 8 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves ⓘ | 11 | 12 | 17 | 24 | 27 | 28 | 29 | 30 | 33 | 38 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 23 | 30 | 33 | 34 | 34 | 32 | 39 | 40 | 44 | 44 |
| Long Term Debt | 10 | 16 | 16 | 14 | 13 | 12 | 19 | 19 | 24 | 23 |
| Short Term Debt | 13 | 13 | 16 | 20 | 21 | 20 | 20 | 22 | 21 | 21 |
| Trade Payables | 5 | 3 | 6 | 6 | 9 | 8 | 4 | 7 | 6 | 8 |
| Others Liabilities ⓘ | 13 | 12 | 13 | 11 | 9 | 10 | 10 | 11 | 14 | 18 |
| Total Liabilities ⓘ | 60 | 67 | 79 | 86 | 90 | 89 | 93 | 99 | 109 | 119 |
Fixed Assets | ||||||||||
| Gross Block | 33 | 44 | 37 | 39 | 42 | 43 | 45 | 49 | 61 | 72 |
| Accumulated Depreciation | 10 | 12 | 3 | 5 | 8 | 10 | 13 | 15 | 17 | 21 |
| Net Fixed Assetsⓘ | 23 | 31 | 35 | 34 | 34 | 33 | 32 | 34 | 44 | 51 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 7 | 0 | 0 |
| Investmentsⓘ | 2 | 2 | 2 | 6 | 7 | 7 | 5 | 5 | 5 | 5 |
| Inventories | 13 | 12 | 15 | 20 | 21 | 22 | 27 | 31 | 35 | 33 |
| Trade Receivables | 17 | 17 | 21 | 20 | 18 | 16 | 15 | 14 | 15 | 19 |
| Cash Equivalents | 2 | 1 | 2 | 1 | 2 | 2 | 1 | 3 | 3 | 2 |
| Others Assetsⓘ | 4 | 4 | 5 | 5 | 7 | 7 | 6 | 6 | 7 | 8 |
| Total Assets ⓘ | 60 | 67 | 79 | 86 | 90 | 89 | 93 | 99 | 109 | 119 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 5 | 7 | 7 | 9 | 8 | 0 | 6 | 4 | 16 |
| PBT ⓘ | 4 | 5 | 6 | 6 | 4 | 3 | 1 | 1 | 4 | 7 |
| Adjustment ⓘ | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 8 |
| Changes in Working Capital ⓘ | -4 | -4 | -4 | -5 | -0 | 1 | -6 | -1 | -5 | 2 |
| Tax Paid ⓘ | -1 | -1 | -1 | -1 | -1 | 0 | -1 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -4 | -10 | -6 | -3 | -4 | -4 | -5 | -4 | -6 | -11 |
| Capex | -4 | -10 | -6 | -3 | -4 | -4 | -5 | -4 | -6 | -11 |
| Net Investments | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Cash Flow From Financing Activityⓘ | 0 | 4 | -1 | -4 | -4 | -5 | 5 | 0 | 2 | -6 |
| Net Proceeds from Shares ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | 7 | 0 | -4 | -1 | -1 | 8 | 0 | 5 | -1 |
| Interest Paid ⓘ | -3 | -3 | -4 | -4 | -4 | -3 | -3 | -3 | -3 | -5 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | 0 | 0 | 3 | 3 | 1 | -1 | 0 | 3 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | -1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.43 | 15.92 | 15.02 | 12.88 | 8.01 | 3.77 | 1.56 | 2.47 | 7.17 | 10.83 |
| ROCE (%) | 17.07 | 15.94 | 15.43 | 14.25 | 10.89 | 7.66 | 5.67 | 5.51 | 8.22 | 11.92 |
| Asset Turnover Ratio | 1.32 | 1.08 | 1.1 | 0.97 | 0.84 | 0.67 | 0.61 | 0.77 | 0.84 | 0.99 |
| PAT to CFO Conversion(x) | 1.67 | 1.67 | 1.75 | 1.75 | 3 | 8 | 0 | 6 | 1.33 | 3.2 | Working Capital Days |
| Receivable Days | 73 | 89 | 85 | 92 | 92 | 103 | 104 | 72 | 62 | 55 |
| Inventory Days | 56 | 66 | 62 | 80 | 102 | 130 | 161 | 143 | 136 | 110 |
| Payable Days | 41 | 43 | 40 | 55 | 68 | 93 | 69 | 43 | 46 | 44 |
Dhabriya Polywood started its operations in the year 1995 with production of U/R-PVC (Unplastisized/Rigid Poly Viny Chloride) Profiles under the brand name 'polywood'. Over the years, the company has gradually expanded its product base to include the PVC (Poly Vinyl Chloride) Section with various designs to suit the complete fabrication requirement of Doors, Windows, Partitions, False Ceilings, Wall Panelling, Pelmet, Kitchen Cabinets & other interior applications. The company’s products which are sold under the brand 'polywood' are wood substitute and have saved lakhs of trees per year which is a gift to the mankind. The company’s production process is eco-friendly with minimum effluence or wastage of resources.
The company is an ISO 9001:2008 & ISO 14001:2004 certified company and its Quality Management Systems and Environmental Management Systems confirms to the standards. It manufactures products at its factory located at B-9D(1), F-189 A & 189 B Malviya Industrial Area, Jaipur 302 017, Rajasthan, SP-2032(A), Ramchandrapura Industrial Area, Sitapura Extension, Jaipur-302022, Rajasthan and 239-A, Perur Main Road, Kumarapalayam, Coimbatore-641026, Tamil Nadu.
Business area of the company
The company is mainly into the business of manufacturing and selling of PVC profiles and fabrication of uPVC Doors and Windows, Partitions, False Ceiling, Paneling, Fencing, Prefabricated Structures, Prefabricated Walls & Buildings and allied products. The company is in business of PVC, uPVC, Polymers & Compounds and allied products for more than two decades. Apart from manufacturing, fabrication and selling of its products, it also undertakes supply and installation of its products at client site and also provide after sale services.
Products range of the company
Its product range includes wide variety of products coverings uPVC Window & Doors, Extruded PVC Profiles, PVC Doors, PVC Windows, Partitions, False Ceilings, Wall Panelling, Kitchen Cabinets, Folding Door & Shutters, Single Panel Door, PVC fencing, PVC Designer Doors, Prefabricated Buildings, security walls & other engineering profile sections.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
