The share of the Polywood manufacturing company hit a 2 percent upper circuit after receiving an order from DLF Group worth 9.35 crores.
With a market capitalization of Rs. 382 crores, the shares of Dhabriya Polywood Ltd opened today’s trading session on a positive note. Within a few minutes of the opening bell, the share hit a 2 percent upper circuit at Rs. 360.40 apiece.
Such a bullish movement was observed after the company, in an exchange filing, mentioned that it had received a work order from DLF Group for the supply and installation of Unplasticized Polyvinyl Chloride (UPVC) windows and doors at Haryana for a total value of Rs. 9.35 crores.
Looking at the financial statements of the company, the revenue marginally decreased by 0.50 percent from Rs. 50.85 crores during Q4 FY 23 to Rs. 50.19 crores in Q1 FY24. In addition to this, the net profit decreased by 10 percent from Rs. 3.45 crores to Rs. 3.1 crores during the same period.
Coming onto the important financial ratios, the return on equity jumped from 8.83 percent during FY21-22 to 13.61 percent in FY22-23 and the return on capital employed accelerated from 9.78 percent to 12.47 percent during the same above-mentioned period.
In Q2 FY24, ace investor Ashish Kacholia bought a fresh stake of 6.43 percent in the company, i.e., 6.96 lakh shares amounting to Rs. 25.1 crores.
In the past six months, the company’s stock has delivered a multibagger return of 126 percent to its shareholders. For example, if someone had invested Rs. 1 lakhs six months ago, then, the worth of those shares would be Rs. 2.26 lakhs now.
According to the latest shareholding pattern, Promoters have a 67.75 percent stake in the company and the remaining 31.72 percent shares are with the Public.
Headquartered in Jaipur, Dhabriya Polywood Ltd was established in the year 1982. The company is One of The Prominent Manufacturers, Suppliers, and Wholesalers of PVC Doors, UPVC windows and doors, False Ceiling and wall Paneling, Decorative Fencing, etc.
Written By Vaibhav Patil
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