Synopsis: Dhabriya Polywood Limited has secured a domestic work order worth Rs. 18.59 crorefor the supply and installation of aluminium doors and windows. The order strengthens the company’s project order book, enhances revenue visibility over the next 11.4 months and reinforces its position in India’s growing building materials and architectural solutions market.
Shares of Dhabriya Polywood Limited are likely to remain in focus after the company announced that it has secured a domestic work order worth Rs. 18.59 crore (including GST) for the supply and installation of aluminium doors and windows. The order is expected to be executed over the next 11.4 months, providing healthy revenue visibility for the company.
Dhabriya Polywood Limited has a total market capitalization of approximately Rs. 444.06 crore. The company’s shares touched an intraday high of Rs. 425, rising 4.13 percent from the previous closing price of Rs. 408.15. The stock later pared some gains and was trading at Rs. 410.25 apiece.
According to the company’s exchange filing, the work order has been awarded by a domestic entity for the supply and installation of aluminium doors and windows. Due to competitive sensitivity, the company has not disclosed the customer’s identity. The project will be executed in multiple phases over 11.4 months in accordance with the contractual terms, further strengthening Dhabriya Polywood’s project order book.
The latest order demonstrates the company’s continued ability to secure projects in the architectural doors and windows segment, where demand has been rising due to increased residential, commercial and infrastructure construction. Aluminium doors and windows have witnessed growing acceptance because of their durability, low maintenance, corrosion resistance and energy-efficient designs, making them a preferred choice for modern real estate developments.
The order also adds to Dhabriya Polywood’s execution pipeline and improves earnings visibility over the coming quarters. Since project-based orders typically translate into phased revenue recognition, successful execution could support steady cash flows while strengthening the company’s relationships with developers and institutional customers. Consistent order inflows are particularly important for building material companies as they provide better capacity utilisation and improve operational efficiency.
The company has established a diversified presence across the building materials industry through products such as PVC and uPVC profiles, aluminium doors and windows, modular furniture, façade solutions, Dstona sheets and mouldings. It caters to fabricators, real estate developers, builders and institutional customers through an extensive network of more than 800 dealers and distributors across India, giving it a strong competitive advantage in distribution and market reach.
Operationally, Dhabriya Polywood has built a robust manufacturing ecosystem with six manufacturing facilities, four showrooms and four depots, supported by a manufacturing footprint of nearly 5.4 lakh square feet. The company operates under multiple brands, owns 15 design patents and seven trademarks, and has developed a project business order book of around Rs. 174 crore, reflecting sustained demand across residential, commercial and infrastructure projects.
India’s building materials industry continues to benefit from strong government spending on infrastructure, increasing urbanisation, rising housing demand and continued growth in commercial real estate. Premium doors, windows, façade systems and interior products are expected to witness sustained demand as developers increasingly focus on energy-efficient and aesthetically advanced construction materials.
For investors, the latest order reinforces Dhabriya Polywood’s execution capabilities and strengthens its revenue pipeline. The company has demonstrated healthy financial performance, diversified manufacturing capabilities and a strong nationwide distribution network. Continued order inflows, efficient execution and sustained demand from the construction and real estate sectors could support long-term business growth.
Financially, the company delivered a healthy performance in its latest reported quarter. Revenue increased from Rs. 63.47 crore in Q4 FY25 to Rs. 69.74 crore in Q4 FY26, registering a 9.88 percent year-on-year growth, while net profit rose 54.93 percent from Rs. 5.37 crore to Rs. 8.32 crore. Over the last five years, the company has reported a 20 percent CAGR in revenue and a 46 percent CAGR in net profit, reflecting consistent business expansion. As of June 2026, ace investor Ashish Kacholia held a 5.32 percent stake in the company, equivalent to 576,347 equity shares, valued at approximately Rs. 23.9 crore.
About the company
Incorporated in 1992, Dhabriya Polywood Limited is engaged in the manufacturing and supply of PVC and uPVC profiles, aluminium doors and windows, modular furniture, façade solutions and other building material products. Operating under the POLYWOOD brand, the company caters to residential, commercial and infrastructure projects across India through an extensive manufacturing base and a strong pan-India distribution network.
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