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The shares of the micro-cap stock jumped 3 percent after the company’s subsidiary received a new work order for supply & Installation of a modular kitchen for a total value of Rs 2.20 crore. 

With a market capitalization of Rs 387.83 crore, the shares of Dhabriya Polywood Ltd were trading at Rs 365.75 per share, decreasing around 0.89 percent as compared to the previous closing price of Rs 369.05 apiece. 

Matter Explanation:- 

According to the company filing, Dynasty Modular Furnitures Pvt. Ltd., a wholly owned subsidiary of Dhabriya Polywood Ltd, received a new work order from Godrej Group for the supply & Installation of a modular kitchen for a total value of Rs 2.20 crore. 

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Financial performance:- 

Looking forward to the company’s financial condition, revenue increased slightly by 8.5 percent from Rs 50.48 crore in Q4FY23 to Rs 54.78 crore in Q4FY24, net profit increased by 3.5 percent from Rs 3.45 crore to Rs 4.06 crore. 

Manufacturing facility and Ace investor:- 

Dhabriya Polywood Ltd has 5 manufacturing plants, with 3 located at Jaipur and 2 at Coimbatore. Additionally, the company has 7 warehouse facilities located in various cities across India. 

A prominent investor Mukul Agrawal holds 3.00 lakh equity shares which is equivalent to 2.78 percent of the company as of March 2024.

Ratio analysis:- 

The company’s profitability measures show an incline in return on equity (RoE) from 12.33 percent in FY 22-23 to 17.09 percent in FY 23-24, while, during the same period return on capital employed (RoCE) increased from 15.40 percent to 23.03 percent. In contrast, the net profit margin (NPM) was 6.65 percent in fiscal year 23-24. 

Company profile:- 

Dhabriya Polywood Limited manufactures and supplies extruded chloride (PVC)/un-plasticized polyvinyl chloride (uPVC) profile sections, as well as Dstona sheets and moldings for a variety of furnishing and furniture applications, uPVC windows and doors, and aluminum window systems. Its divisions include plastic items and modular furniture. 

Written by:- Abhishek Singh

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