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Last Updated: April 2, 2026, 4:27 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 538715 | NSE: DHABRIYA

Dhabriya Polywood Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹213.36Overvalued by 33.74%vs CMP ₹322.00

P/E (12.8) × ROE (19.8%) × BV (₹105.00) × DY (0.22%)

₹259.30Overvalued by 19.47%vs CMP ₹322.00
MoS: -24.2% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹298.3023%Fair (-7.4%)
Graham NumberEarnings₹243.5617%Over (-24.4%)
Earnings PowerEarnings₹54.3311%Over (-83.1%)
DCFCash Flow₹560.4311%Under (+74%)
Net Asset ValueAssets₹105.187%Over (-67.3%)
EV/EBITDAEnterprise₹296.179%Fair (-8%)
Earnings YieldEarnings₹251.107%Over (-22%)
ROCE CapitalReturns₹176.727%Over (-45.1%)
Revenue MultipleRevenue₹216.826%Over (-32.7%)
Consensus (9 models)₹259.30100%Overvalued
Key Drivers: EPS CAGR 39.8% lifts DCF — verify sustainability. | Wide model spread (₹54–₹560) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 39.8%

*Investments are subject to market risks

Investment Snapshot

80
Dhabriya Polywood Ltd scores 80/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health84/100 · Strong
ROCE 20.4% ExcellentROE 19.8% ExcellentD/E 0.78 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.04% (6mo) Slight increasePromoter holding at 67.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (11% → 16%) Improving
Quarterly Momentum90/100 · Strong
Revenue (4Q): +14% YoY GrowingProfit (4Q): +63% YoY StrongOPM: 21.1% (up 5.0% YoY) Margin expansion
Industry Rank100/100 · Strong
P/E 12.8 vs industry 41.0 Cheaper than peersROCE 20.4% vs industry 11.3% Above peersROE 19.8% vs industry 8.7% Above peers3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Dhabriya Polywood Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.8 vs Ind 41.0 | ROCE 20.4% | ROE 19.8% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.78x | IntCov 0.0x | Current 1.69x | Borrow/Reserve 0.53x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹18 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+2
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -2.0% | Q NP +0.7% | Q OPM +0.7 pp
Derived FieldValueHow it is derived
Valuation Gap %-19.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.53xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-130Latest shareholder count minus previous count
Quarterly Sales Change-2.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+0.7%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+0.7 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:27 am

Market Cap 349 Cr.
Current Price 322
Intrinsic Value₹259.30
High / Low 490/280
Stock P/E12.8
Book Value 105
Dividend Yield0.22 %
ROCE20.4 %
ROE19.8 %
Face Value 10.0
PEG Ratio0.32

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Dhabriya Polywood Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Dhabriya Polywood Ltd 349 Cr. 322 490/28012.8 1050.22 %20.4 %19.8 % 10.0
Western India Plywoods Ltd (WIPL) 127 Cr. 150 193/13359.8 52.80.80 %8.52 %6.32 % 10.0
Priti International Ltd 47.4 Cr. 35.5 107/31.530.2 54.00.00 %8.58 %6.23 % 10.0
Milton Industries Ltd 85.5 Cr. 50.3 53.5/24.861.1 28.30.00 %5.01 %2.56 % 10.0
Diksha Greens Ltd 1.07 Cr. 1.08 5.30/1.04 30.60.00 %%% 10.0
Industry Average238.00 Cr95.0140.9846.750.17%11.28%8.73%10.00

All Competitor Stocks of Dhabriya Polywood Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 40.1650.4850.1954.6552.0254.7858.6958.0554.9063.4762.0966.9965.66
Expenses 35.3143.9743.2947.0644.2246.0849.4548.8746.0553.2349.7453.3351.81
Operating Profit 4.856.516.907.597.808.709.249.188.8510.2412.3513.6613.85
OPM % 12.08%12.90%13.75%13.89%14.99%15.88%15.74%15.81%16.12%16.13%19.89%20.39%21.09%
Other Income 0.020.150.050.120.140.220.120.180.120.160.140.200.29
Interest 0.981.111.301.241.211.331.181.261.181.241.371.481.34
Depreciation 0.901.151.471.661.861.911.932.182.422.102.272.562.47
Profit before tax 2.994.404.184.814.875.686.255.925.377.068.859.8210.33
Tax % 24.75%21.36%25.84%25.57%31.62%28.35%25.60%29.39%28.86%23.94%25.99%22.61%25.94%
Net Profit 2.253.453.103.593.334.064.654.183.825.376.547.617.66
EPS in Rs 2.083.192.863.323.083.754.303.863.534.966.047.037.08

Last Updated: March 3, 2026, 11:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 3:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 67726994131121112106134171211235258
Expenses 596258801131059793120153180197208
Operating Profit 8101115181615131418313850
OPM % 12%14%15%15%14%13%13%13%10%11%15%16%19%
Other Income 0000000100111
Interest 2334555444555
Depreciation 1223444334799
Profit before tax 456810866711202536
Tax % 34%34%34%34%30%29%29%28%25%22%28%27%
Net Profit 3345764458141827
EPS in Rs 7.503.303.524.686.335.144.074.134.707.8413.0116.6625.11
Dividend Payout % 0%0%0%0%0%0%0%0%0%6%5%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%33.33%25.00%40.00%-14.29%-33.33%0.00%25.00%60.00%75.00%28.57%
Change in YoY Net Profit Growth (%)0.00%33.33%-8.33%15.00%-54.29%-19.05%33.33%25.00%35.00%15.00%-46.43%

Dhabriya Polywood Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:16%
3 Years:21%
TTM:8%
Compounded Profit Growth
10 Years:18%
5 Years:31%
3 Years:53%
TTM:27%
Stock Price CAGR
10 Years:27%
5 Years:63%
3 Years:53%
1 Year:-17%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:18%
Last Year:20%

Last Updated: September 5, 2025, 3:11 pm

Balance Sheet

Last Updated: December 10, 2025, 4:10 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 381011111111111111111111
Reserves 111213203035404449587189103
Borrowings 27263441444744495457535355
Other Liabilities 13171420222120141619292830
Total Liabilities 53647192107115115117130145165181199
Fixed Assets 21233139424442434563717984
CWIP 0000003780500
Investments 2220000000000
Other Assets 3038385364717068768388102115
Total Assets 53647192107115115117130145165181199

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 255710812810143217
Cash from Investing Activity + -10-4-10-7-5-5-4-8-7-13-20-12
Cash from Financing Activity + 8040-6-2-80-1-1-10-5
Net Cash Flow 01-01-11-0-02121
Free Cash Flow -80-60638-131115
CFO/OP 40%58%55%57%66%64%94%69%84%88%114%58%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-19.00-16.00-23.00-26.00-26.00-31.00-29.00-36.00-40.00-39.00-22.00-15.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 7692104917080928261464144
Inventory Days 97144140159157180179217192168155165
Days Payable 325430604959522932293929
Cash Conversion Cycle 141182213190178201220270221185158180
Working Capital Days -31431333964688671603958
ROCE %20%19%16%18%19%14%12%11%10%12%19%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.22%74.22%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%67.75%
FIIs 1.53%1.53%0.00%0.00%0.05%0.00%0.00%0.00%1.47%1.51%1.51%1.51%
DIIs 0.00%0.00%0.53%0.63%0.63%0.52%0.00%0.00%0.37%0.37%0.37%0.37%
Public 24.25%24.25%31.71%31.62%31.57%31.71%32.24%32.24%30.40%30.37%30.38%30.37%
No. of Shareholders 1,4591,5782,7134,2354,7335,5747,3857,7707,3537,4867,5477,417

Shareholding Pattern Chart

No. of Shareholders

Dhabriya Polywood Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 16.6513.017.844.704.13
Diluted EPS (Rs.) 16.6513.017.844.704.13
Cash EPS (Rs.) 24.6219.3811.337.837.29
Book Value[Excl.RevalReserv]/Share (Rs.) 92.3076.0563.6055.6650.87
Book Value[Incl.RevalReserv]/Share (Rs.) 92.3076.0563.6055.6650.87
Revenue From Operations / Share (Rs.) 217.21195.52158.14123.4698.33
PBDIT / Share (Rs.) 35.1929.1317.2912.9512.93
PBIT / Share (Rs.) 27.2222.7613.809.829.77
PBT / Share (Rs.) 22.7318.0610.106.245.72
Net Profit / Share (Rs.) 16.6513.017.844.704.13
NP After MI And SOA / Share (Rs.) 16.6513.017.844.704.13
PBDIT Margin (%) 16.2014.8910.9310.4913.15
PBIT Margin (%) 12.5311.648.727.959.93
PBT Margin (%) 10.469.236.385.055.82
Net Profit Margin (%) 7.666.654.953.804.20
NP After MI And SOA Margin (%) 7.666.654.953.804.20
Return on Networth / Equity (%) 18.0417.1012.338.448.12
Return on Capital Employeed (%) 23.2423.0315.4012.5613.60
Return On Assets (%) 9.958.555.843.913.80
Long Term Debt / Equity (X) 0.210.250.360.350.35
Total Debt / Equity (X) 0.530.640.820.760.78
Asset Turnover Ratio (%) 1.361.371.240.680.53
Current Ratio (X) 1.821.511.681.671.69
Quick Ratio (X) 0.790.640.650.680.78
Inventory Turnover Ratio (X) 4.462.312.291.331.03
Dividend Payout Ratio (NP) (%) 3.003.840.000.000.00
Dividend Payout Ratio (CP) (%) 2.032.570.000.000.00
Earning Retention Ratio (%) 97.0096.160.000.000.00
Cash Earning Retention Ratio (%) 97.9797.430.000.000.00
Interest Coverage Ratio (X) 7.856.204.673.623.20
Interest Coverage Ratio (Post Tax) (X) 4.713.773.122.312.02
Enterprise Value (Cr.) 384.08321.51187.46133.4294.92
EV / Net Operating Revenue (X) 1.631.521.100.990.89
EV / EBITDA (X) 10.0810.2010.019.526.78
MarketCap / Net Operating Revenue (X) 1.441.300.790.680.50
Retention Ratios (%) 96.9996.150.000.000.00
Price / BV (X) 3.383.351.971.520.98
Price / Net Operating Revenue (X) 1.441.300.790.680.50
EarningsYield 0.050.050.060.050.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Dhabriya Polywood Ltd. is a Public Limited Listed company incorporated on 20/10/1992 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L29305RJ1992PLC007003 and registration number is 007003. Currently Company is involved in the business activities of Manufacture of other plastics products. Company's Total Operating Revenue is Rs. 130.26 Cr. and Equity Capital is Rs. 10.82 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Decoratives - Wood/Fibre/OthersB-9D(1), Jaipur Rajasthan 302017Contact not found
Management
NamePosition Held
Mr. Digvijay DhabriyaChairman & Managing Director
Mrs. Anita DhabriyaWhole Time Director
Mr. Mahendra KarnawatWhole Time Director
Mr. Shreyansh DhabriyaWhole Time Director
Mr. Vijay Kumar JhaIndependent Director
Mr. Ami Lal MeenaIndependent Director
Mr. Anil SoniIndependent Director
Mrs. Sonika GuptaIndependent Director

FAQ

What is the intrinsic value of Dhabriya Polywood Ltd and is it undervalued?

As of 05 April 2026, Dhabriya Polywood Ltd's intrinsic value is ₹259.30, which is 19.47% lower than the current market price of ₹322.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.8 %), book value (₹105), dividend yield (0.22 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Dhabriya Polywood Ltd?

Dhabriya Polywood Ltd is trading at ₹322.00 as of 05 April 2026, with a FY2026-2027 high of ₹490 and low of ₹280. The stock is currently near its 52-week low. Market cap stands at ₹349 Cr..

How does Dhabriya Polywood Ltd's P/E ratio compare to its industry?

Dhabriya Polywood Ltd has a P/E ratio of 12.8, which is below the industry average of 40.98. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Dhabriya Polywood Ltd financially healthy?

Key indicators for Dhabriya Polywood Ltd: ROCE of 20.4 % indicates efficient capital utilization; ROE of 19.8 % shows strong shareholder returns. Dividend yield is 0.22 %.

Is Dhabriya Polywood Ltd profitable and how is the profit trend?

Dhabriya Polywood Ltd reported a net profit of ₹18 Cr in Mar 2025 on revenue of ₹235 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows an improving trend.

Does Dhabriya Polywood Ltd pay dividends?

Dhabriya Polywood Ltd has a dividend yield of 0.22 % at the current price of ₹322.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dhabriya Polywood Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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