Shares of this microcap company jumped around 2 percent in Monday’s trading session after receiving orders from DLF and Adani Group. The shares have delivered around 70 percent returns to its shareholders in one year.
With a market capitalization of Rs. 298 crores, the shares of Dhabriya Polywood Ltd started Monday’s trading session on a higher note at Rs. 279.90 compared to its previous close of Rs. 274.50. During the trading session, the shares hit a high of Rs. 280, gaining around 2 percent and closed the day at Rs. 272 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that their wholly owned subsidiary company i.e. Dynasty Modular Furniture Pvt. Ltd. had received the work order or LOI from DLF and Adani Group.
The company received an order from DLF Group for the supply and installation of modular kitchens, wardrobes, vanities, and medicine cabinets valued at Rs. 16.76 crores. The project is slated to be completed within a timeframe of 12 months.
Additionally, the company has also secured another order from the Adani Group for the supply and installation of modular kitchens amounting to Rs. 1.77 crores. This project is scheduled to be completed within a period of 4 months.
Coming onto the company’s financial statements, the revenue decreased by around 5 percent from Rs. 54.65 crores in the September quarter to Rs. 52.02 during the December quarter. On the other hand, the net profits declined by 7 percent from Rs. 3.59 crores to Rs. 3.33 crores during the same period.
Looking at the company’s revenue distribution across segments, it derives 65 percent of its revenue from PVC Profiles (Polywood), 23 percent from UPVC Windows (Polywood), and the remaining 12 percent from the Modular Furniture (Dynasty) segment.
As per the latest data, 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.
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. 19.2 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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