Dhabriya Polywood Ltd · BSE:DHABRIYA
Dhabriya Polywood — FY2026 Earnings Presentation
43 slides from Dhabriya Polywood's earnings presentation, May 2026
Slide 1: Dhabriya Polywood Ltd
Dhabriya Polywood Ltd Provide A Better World To Live By Saving Trees Zero Wood. Modern Living. Investor Presentation – May 2026
Slide 2: Disclaimer
DISCLAIMER The information in this presentation has been prepared for use in presentations by Dhabriya Polywood Limited for information purposes only and does not constitute, or should be regarded as, or form part of any offer, invitation, inducement or advertisement to sell or issue, or any solicit
Slide 3: From MD's Desk
From MD’s Desk FY26 has been a landmark year for Dhabriya Polywood, characterized by strong operational execution and exceptional profitability growth despite a dynamic market environment. During the year, the Company continued its transformation from being a single-extrusion-focused player to a com
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview & Business Highlights
Company Overview & Business Highlights Company Snapshot Key Financial Highlights 174Crs 34 Years 4.9x Project Business Presence 0.59x Working Capital Order Book* D/E Ratio Turnover 15 4 Design Patents Brands 2.4x 7.5x Revenue PAT In last 5 years 6 27,600MT In last 5 years PVC Profiles & Sheets Manuf
Slide 6: About The Company
About The Company One brand. One ecosystem. A complete zero-wood solution for modern living. Transitioning from commodity extrusion to a multi-segment platform, offering complete, one stop solution across PVC, uPVC, doors & windows, panelling, and modular furniture. Our Brands: PRODUCTS THAT WE MANU
Slide 7: Key Milestones
Key Milestones Award for Excellent Developed & launched Manufacturing Unit of Manufacturing facility by New Plant for PVC Fluted Panels. Modular Furniture Plastic Manufacturers manufacturing Shifted our Coimbatore Established new Products established & Association Jaipur. (fabrication) of uPVC Windo
Slide 8: Diversified Brand Portfolio
Diversified Brand Portfolio • PVC Profiles • Marble Sheets & Mouldings • Modular Kitchen & Wardrobes o Doors & Furniture o Wall Claddings & False • Institutional Furniture o Wall Paneling & ceilings • Office Furniture False Ceilings o Pillars o PVC Fluted Panels o Furniture o PVC Soffit Panels • PVC
Slide 9: Product Ecosystem - Residential
Product Ecosystem - Residential Soffit UPVC & Aluminium Panels Doors & Windows PVC Doors Fluted Panels D-Stona PVC Marble Sheets Investor Presentation – May 2026 Modular Fluted Furniture Panels 9
Slide 10: Product Ecosystem - Commercial
Product Ecosystem - Commercial UPVC & Aluminium Fluted Doors & Windows PVC Doors Panels Investor Presentation – May 2026 Modular Fluted Furniture Panels 10
Slide 11: Profile Extrusion
Profile Extrusion Wall Profile&Extrusion Ceiling Panels Windows, Doors and Modular Furniture Wall and ceiling panel solutions designed Glazing for interior and exterior applications, offering a balance of Also includes aluminium functional performance and contemporary design. Available in fluted, so
Slide 12: Windows & Doors
Windows & Doors uPVC Doors & Windows Systems uPVC systems are designed to provide thermal insulation, energy efficiency, and long-term durability with minimal maintenance requirements. Suitable for residential applications, they contribute to improved indoor comfort, weather resistance, and overall
Slide 13: Modular Furniture
Modular Furniture Modular furniture solutions are designed to combine functionality, space efficiency, and contemporary aesthetics across residential and commercial interiors. Developed with flexibility and ease of customization in mind, these systems enable optimized space utilization while offerin
Slide 14: Business Process Overview
Business Process Overview 1 2 3 4 5 6 Knowledge Order Installation & Site Visits Consultation Logistics Sharing Finalization Post Activities A team visits the Experts discuss Relevant technical Cost estimates are Manufactured A skilled team client's location to project insights and finalized, orders
Slide 15: Strong Processes To Ensure Efficient Product Delivery
Strong Processes To Ensure Efficient Product Delivery Real Time Order Management system in place to track movement from order placement to delivery Order Order Quality Quality Production Packaging Stock In Delivery Confirmation Placed Inspection Assurance Team responsible for all IN-HOUSE range of w
Slide 16: Manufacturing & Distribution Network
Manufacturing & Distribution Network Manufacturing Infrastructure PAN-INDIA PRESENCE Facility Location Key Activity Area (Sq. Ft.) PVC/uPVC Profile, Sheets 6 Malviya Industrial Area, & Molding Extrusion 75,015 Jaipur (RJ) Plant Manufacturing uPVC / Aluminium Sitapura Industrial Area, Facilities Wind
Slide 17: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Investor Presentation – May 2026 17
Slide 18: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Investor Presentation – May 2026 18
Slide 19: Glimpse Of Our Production Process
Glimpse Of Our Production Process Investor Presentation – May 2026 19
Slide 20: Dhabriya's Diversified Product Portfolio
Dhabriya’s Diversified Product Portfolio Investor Presentation – May 2026 20
Slide 21: Executed Projects
Investor Presentation – May 2026 Executed Projects 21
Slide 22: Competitive Strengths
Competitive Strengths Building Entire Zero-Wood Home Offers 40,000+ SKUs with 20+ patented designs delivered Pan-India within 7 days. Wide Product Range Product range includes uPVC Doors, Windows, Polymer Doors, PVC Profiles and D-Stona Sheets etc. Quality Management Systems Adheres to stringent qua
Slide 23: Management
Management Mr. Digvijay Dhabriya - Chairman & Managing Director. Mr. Shreyansh Dhabriya - Whole Time Director. Mechanical Engineer (MBM College, Jodhpur) Mechanical Engineering graduate from VIT with a PG Diploma in Plastics from CIPET, University, Vellore. Focuses on stakeholder Chennai. Over 25 ye
Slide 24: Expanding Product Reach Through Trade Exhibitions
Expanding Product Reach Through Trade Exhibitions Investor Presentation – May 2026 24
Slide 25: Awards & Recognitions
Investor Presentation – May 2026 Awards & Recognitions 25
Slide 26: ISO Certifications & Associations
ISO Certifications & Associations Investor Presentation – May 2026 26
Slide 27: Industry Overview
Industry Overview
Slide 28: Fluted Panels: Leveraging the China+1 Opportunity
Fluted Panels: Leveraging the China+1 Opportunity Breaking The China Monopoly • China remains a leading manufacturer of Modular Furniture Global Market Share fluted panels due to its scale and cost efficiency. Increased PVC dumping into India amid China’s real estate slowdown led to anti-dumping dut
Slide 29: Key Structural Drivers Powering Future Growth
Key Structural Drivers Powering Future Growth Real Estate Growth Indian PVC Market Indian Furniture Market • Average apartment sizes across • India PVC prices declined by • India’s furniture market is India's top 7 cities have jumped over 30% between December projected to grow from USD 45% since 201
Slide 30: Positioned at the Intersection of Demand & Opportunity
Positioned at the Intersection of Demand & Opportunity Why uPVC / Modular furniture The Bigger Home Fit over traditional wood? • Avg. home size up 45% since 2019 → more rooms, more modular furniture per household • 3BHK & 4BHK mainstream → multiple modular kitchens, wardrobes & wall panels per unit
Slide 31: Q4 FY26 Operational Performance
Q4 FY26 Operational Performance
Slide 32: Financial Snapshot
Financial Snapshot Gross Profit (Margin Profile) Revenue EBITDA PAT +9.9% +43.9% +54.9% 51.1% +360bps Q4 FY26 Q4 FY26 6,973.6 832.7 1,472.3 6,346.8 51.5% +400bps 1,023.3 537.5 FY26 EBITDA (Margin Profile) Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 21.1% +500bps Q4 FY26 Revenue EBITDA PAT 20.6% +460bp
Slide 33: Consolidated Income Statement
Consolidated Income Statement Particulars (Rs. Lacs) Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 6,973.6 6,346.8 9.9% 6,566.0 6.2% 26,447.9 23,510.9 12.5% Total Raw Material 3,410.1 3,332.1 3,066.1 12,831.2 12,332.8 Gross Profit 3,563.5 3,014.7 18.2% 3,500.0 1.8% 13,6
Slide 34: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Lacs.) Mar-26 Mar-25 Equity And Liabilities (Rs. Lacs) Mar-26 Mar-25 Non ‐ Current Assets Shareholder’s Fund Property, plant and equipment 8,842.0 7,740.8 (a) Equity share capital 1,082.4 1,082.4 Capital work‐in‐progress 632.6 32.2 (b) Other equity 11,877.5 8,9
Slide 35: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Lacs) Mar-26 Mar-25 Cash Flow from Operating Activities Profit before Tax 4,067.2 2,460.9 Adjustment for Non-Operating Items 1,458.9 1,314.0 Operating Profit before Working Capital Changes 5,526.1 3,774.9 Changes in Working Capital -4,033.9 -1,608.6 Cash Generate
Slide 36: Historical Financial Performance
Historical Financial Performance
Slide 37: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (Rs. Lacs) FY24 FY25 FY26 Revenue from Operations 21,163.3 23,510.9 26,447.9 Total Raw Material 11,681.9 12,332.8 12,831.2 Gross Profit 9,481.4 11,178.2 13,616.7 Gross Profit Margin (%) 44.8% 47.5% 51.5% Employee Expenses 3,280.3 3,711.4 4,197.2 O
Slide 38: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (Rs. Lacs.) Mar-24 Mar-25 Mar-26 Equity & Liabilities (Rs. Lacs) Mar-24 Mar-25 Mar-26 Non ‐ Current Assets Shareholder’s Fund Property, plant and equipment 6,934.0 7,740.8 8,842.0 (a) Equity share capital 1,082.4 1,082.4 1,082.4 Capital work‐in‐progress 5
Slide 39: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars (Rs. Lacs) Mar-24 Mar-25 Mar-26 Cash Flow from Operating Activities Profit before Tax 1,954.8 2,460.9 4,067.2 Adjustment for Non-Operating Items 1,175.3 1,314.0 1,458.9 Operating Profit before Working Capital Changes 3,130.2 3,774.9 5,526.1 Changes in Worki
Slide 40: Strong Financial Fundamentals & Return Ratios
Strong Financial Fundamentals & Return Ratios Consistent growth in revenues with operational efficiencies leading to increase in EBITDA and PAT Revenue (INR Lakhs) EBITDA (INR Lacs) and EBITDA Margin (%) PAT (INR Lacs) and PAT Margin (%) 26,448 5,459 23,511 3,014 21,163 17,117 3,750 11% 3,101 21% 1,
Slide 41: Way Ahead
Way Ahead
Slide 42: Roadmap for the Next Phase of Growth
Roadmap for the Next Phase of Growth 01 03 04 02 Value-Added Vertical Integration Market Expansion Growth Momentum Solutions Progressing backward integration Deepening presence in retail Evolving from a product supplier The company remains focused on across uPVC windows, doors, through organic deman
Slide 43: Thank You
Dhabriya Polywood Limited CIN: L29305RJ1992PLC007003 Email ID: cs@polywood.org Tel: +91 0141-4057171 Website: www.polywood.org X-B4 Advisory LLP Rasika Sawant / Gautam Kothari Thank You Tel: +91 95944 57518/ +91 79776 16640 Email ID: rasika@x-b4.com / gautam@x-b4.com Website: www.x-b4.com