Dhabriya Polywood Ltd reported a record-breaking FY26 with a 67% surge in net profit to ₹30.14 crore and a 12.5% revenue growth to ₹264.48 crore. The company announced its largest-ever ₹100 crore capital expenditure program for FY26-FY28 to expand capacity in PVC, WPC, and aluminium divisions. The board has also recommended a final dividend of ₹0.70 per share. This strategic shift toward new verticals and automation underscores management's focus on long-term market expansion.
Dhabriya Polywood FY26 Profit Surges 67% to ₹30.14 Crore
Revenue grew 12.5% YoY to ₹264.48 crore, with the board approving a ₹100 crore strategic expansion plan.
Reader Takeaway: Strong double-digit profit growth is balanced against significant upcoming execution risks of a major capex cycle.
What just happened
Dhabriya Polywood Ltd has released its 34th Annual Report for FY 2025-26, detailing a year of record financial expansion. The company’s consolidated net profit rose sharply to ₹30.14 crore from ₹18.03 crore in the previous year. Revenue from operations reached ₹264.48 crore, a notable increase from the ₹235.11 crore reported in FY25. Reflecting this performance, the board has recommended a final dividend of ₹0.70 per share, subject to approval at the upcoming AGM.
Why this matters
The company is pivoting toward a more aggressive growth phase with its largest-ever capital expenditure program. The ₹100 crore investment planned for FY26-FY28 targets capacity expansion for extrusion lines, the creation of dedicated infrastructure for aluminium glazing and window divisions, and the automation of current manufacturing processes. This strategy aims to capture larger market share through a diversified product range, including new entries in WPC doors, wall panels, and aluminium systems.
What changes now
Management has proposed revised remuneration structures for key leadership, including Chairman & Managing Director Digvijay Dhabriya, for a three-year period beginning May 2026. These changes signal a commitment to aligning executive incentives with the company’s long-term scaling objectives.
Risks to watch
While the financial results show robust momentum, the primary risk lies in the execution of the ₹100 crore capex program. Scaling manufacturing and successfully integrating new product verticals like aluminium windows into the existing revenue mix will be critical to sustaining margins and meeting the company's internal growth targets.
Context metrics
- Consolidated EBITDA: ₹54.59 crore (FY26) vs ₹37.50 crore (FY25)
- Earnings Per Share (EPS): ₹27.85
- Standalone PAT: ₹14.21 crore