The shares of this one of the leading manufacturers of PVC & UPVC gained up to 3 percent after the company received an order for the supply & installation of uPVC window & doors worth Rs 5.98 Crore.
With a market capitalization of Rs 431.29 Crores. Dhabriya Polywood Ltd, On Thursday, The shares were trading at Rs 398.45 a share, an increase of 1.62 percent from the previous closing price.
According to the company filing, Dhabriya Polywood Ltd has received the work order from Omaxe Group for the supply & installation of uPVC windows & doors at Faridabad & Ludhiana worth Rs 5.98 Crore.
In FY 23, Dhabriya Polywood Ltd expanded the plant’s capacity in Jaipur from 6000 to 9600 metric tons and in Coimbatore from 7200 to 10800 metric tons. As of March 31, 2023, the company’s order book is over 100 crore for modular furniture and uPVC/aluminum windows and doors.
Looking into the company’s performance revenue increased by 25 percent from Rs 43.75 Crore in Q2FY23 to Rs 54.65 Crore in Q2FY24. During the same period, net profit increased by 67 percent from Rs 2.14 crore to Rs 3.59 crore.
It is projected that between 2021 and 2026, the Indian market for uPVC doors and windows will expand at a compound annual growth rate (CAGR) of more than 7%. The market is predicted to grow from its 2015 valuation of USD 27.5 billion to USD 47 billion by 2024.
One of the first Indian businesses to manufacture PVC-fluted panels in India was Dhabriya Polywood. Product uses include paneling and wall ceilings both indoors and outdoors that don’t require paint or surface finishing.
PVC and UPVC-based products are manufactured by Dhabriya Polywood Limited for a variety of building interior and exterior applications.
Written by:- Abhishek Singh
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