The share of the Polywood manufacturing company jumped around 2 percent after receiving an order from DLF Group worth 9.01 crores. The shares have delivered a multibagger return of 184 percent to its investors in one year.
With a market capitalization of Rs. 379 crores, the shares of Dhabriya Polywood Ltd opened today’s trading session on a positive note at Rs. 350 compared to its previous close of Rs. 348.10. During the trading session the shares hit a high of Rs. 355, gaining around 2 percent.
Such a bullish movement was observed after the company, in an exchange filing, mentioned that their wholly owned subsidiary company i.e. Dynasty Modular Furnitures Pvt. Ltd. had received the work order from DLF Group for the supply and installation of modular kitchen, wardrobe, vanity and medicine cabinet for a total value of Rs. 9.01 crores. The projects are scheduled to be completed by December 2024, in various tranches as per the terms of the order.
Looking at the financial statements of the company, the revenue increased by 10 percent from Rs. 50.19 crores during the June quarter to Rs. 54.95 crores in the September quarter. In addition, the net profits zoomed by 16 percent from Rs. 3.10 crores to Rs. 3.59 crores during the same timeframe.
As of November 2023, the company has an order book of over Rs. 120 crores for UPVC windows, modular furniture, and fluted panels. Furthermore, the company expects revenue of around Rs. 25 crores from fluted panels for the full year.
Due to consistent operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 8.83 percent during FY 21-22 to 13.16 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 9.60 percent to 12.25 percent during the same timeframe. Furthermore, the net profit margin increased from 3.80 percent during FY21-22 to 4.96 percent during FY22-23.
According to the BSE data, Ace Investor Mr Ashish Kacholia, entering the stock in September 2023, currently holds approximately 6.96 lakh equity shares equivalent to a 6.43 percent stake in this company. The current holding value of his investment amounts to Rs. 24.4 crores.
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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