Synopsis: Dhabriya Polywood Limited has announced that its wholly owned subsidiary, Dynasty Modular Furnitures Private Limited, has secured a work order worth Rs. 13.05 crore from M3M Group for modular kitchen works. The project is scheduled to be executed over the next 18 months, strengthening the company’s order book in the premium real estate segment.
Shares of Dhabriya Polywood Limited are likely to remain in focus after the company announced that its wholly owned subsidiary, Dynasty Modular Furnitures Private Limited, has received a work order from M3M Group for modular kitchen works.
Dhabriya Polywood Limited has a total market capitalization of approximately Rs. 440.55 crore. The company’s shares were trading at Rs. 409.45 apiece on the stock exchange, up by 1.50 percent during the session. The stock has gained 10.29 percent over the last five trading sessions, while it has gained 8.07 percent over the last month. The stock touched a 52-week high of Rs. 490 and a 52-week low of Rs. 280.
According to the company’s regulatory filing, Dynasty Modular Furnitures Private Limited has received a Letter of Intent (LoI) from M3M Group for the execution of modular kitchen works valued at approximately Rs. 13.05 crore (inclusive of GST).
The project is scheduled to be executed over 18 months in multiple tranches, as per the terms of the contract. The company clarified that the order has been awarded by a domestic entity and does not involve any promoter interest or related-party transaction.
The latest order strengthens Dhabriya Polywood’s presence in India’s premium residential and real estate interiors market. Demand for modular kitchens and customized interior solutions has been rising steadily, supported by increasing residential launches, premium housing demand, urbanization, and changing consumer preferences for modern living spaces.
M3M Group is among India’s leading real estate developers with a strong presence in luxury residential and commercial projects, particularly in the National Capital Region (NCR). Securing an order from a reputed developer enhances the subsidiary’s credentials and could create opportunities for additional contracts in upcoming residential developments.
India’s modular furniture industry continues to witness strong growth, driven by increasing disposable incomes, rapid urbanization, organized housing developments, and growing demand for space-efficient and customized interior solutions. Industry participants expect the organized modular furniture segment to expand at a healthy pace over the coming years as consumers increasingly shift towards factory-manufactured premium interiors.
For investors, the order enhances revenue visibility over the next one and a half years while demonstrating the company’s ability to secure projects from leading real estate developers. Continued order inflows from the housing and commercial real estate sectors could support sustainable business growth.
Incorporated in 1995, Dhabriya Polywood Limited is engaged in the manufacturing and sale of uPVC windows and doors, modular furniture, modular kitchens, and plastic products. The company caters to residential, commercial, hospitality, and institutional projects through its integrated manufacturing facilities.
The latest Rs. 13.05 crore order further strengthens Dhabriya Polywood’s order book and reinforces its position in India’s growing modular furniture and interior solutions market.
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