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Duroply Industries Overview

Duroply Industries Limited is one of the leading manufacturers of plywood, veneer, blockboard, doors, and other related products in India. The company was incorporated in 1957 as Sarda Plywood Industries Pvt. Limited. and changed its name to Duroply Industries Limited in 2018. Duroply Industries Limited has its manufacturing facilities in Assam and Gujarat, and has a pan-India distribution network of over 2000 dealers. Duroply Industries Limited caters to various segments such as residential, commercial, hospitality, education, healthcare, and ...Read More

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Duroply Industries Key Financials

Market Cap ₹143 Cr.

Stock P/E 18.4

P/B 0.9

Current Price ₹132

Book Value ₹ 141.7

Face Value 10

52W High ₹270

Dividend Yield 0%

52W Low ₹ 120.6

Duroply Industries Share Price

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Volume
Price

Duroply Industries Quarterly Price

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Duroply Industries Peer Comparison

Duroply Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 83 80 84 85 91 90 106 94 104 93
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 84 80 85 85 91 90 106 94 105 93
Total Expenditure 80 77 83 81 87 86 101 88 98 88
Operating Profit 4 3 1 4 4 4 5 5 6 5
Interest 2 2 3 2 2 2 2 2 2 2
Depreciation 1 1 1 1 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0 1 0 0 0
Profit Before Tax 1 1 -2 1 1 1 3 2 3 1
Provision for Tax 0 0 -1 -2 1 -0 1 0 0 -0
Profit After Tax 1 0 -1 3 0 1 3 2 2 1
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 0 -1 3 0 1 3 2 2 1
Adjusted Earnings Per Share 0.8 0.4 -1.3 3.4 0.5 1.2 2.8 1.6 2.2 1.3

Duroply Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 204 182 207 218 228 207 181 191 302 323 372 397
Other Income 0 0 1 1 1 1 2 2 2 1 1 0
Total Income 204 182 208 219 229 207 183 193 305 324 373 398
Total Expenditure 197 182 205 214 218 201 183 186 286 311 355 375
Operating Profit 7 0 4 5 11 7 0 7 18 13 18 21
Interest 7 7 7 7 7 8 10 9 7 8 7 8
Depreciation 2 2 2 2 2 3 3 3 3 4 5 5
Exceptional Income / Expenses 0 0 4 0 0 2 8 0 0 0 1 1
Profit Before Tax -2 -8 -2 -5 1 -2 -5 -5 8 1 7 9
Provision for Tax -1 -3 0 0 0 2 -2 2 3 0 -1 1
Profit After Tax -0 -6 -2 -5 1 -4 -2 -6 5 1 8 8
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -6 -2 -5 1 -4 -2 -6 5 1 8 8
Adjusted Earnings Per Share -1.1 -12.7 -4.2 -10.5 1.5 -6.3 -3.8 -9.8 6.7 1 7.9 7.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 25% 12% 6%
Operating Profit CAGR 38% 37% 21% 10%
PAT CAGR 700% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -37% -4% 21% 11%
ROE Average 6% 5% 0% -5%
ROCE Average 8% 9% 7% 5%

Duroply Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 19 14 48 77 78 73 70 64 88 126 134
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 3 8 5 4 8 8 11 9 6 8 7
Other Non-Current Liabilities -7 -10 -9 8 8 13 10 15 17 20 20
Total Current Liabilities 95 93 108 110 113 121 118 117 113 105 132
Total Liabilities 111 104 153 199 206 214 209 205 225 260 293
Fixed Assets 14 14 16 103 101 104 98 102 102 103 108
Other Non-Current Assets 10 10 45 6 6 9 13 8 8 8 12
Total Current Assets 87 80 92 90 99 102 98 94 115 148 173
Total Assets 111 104 153 199 206 214 209 205 225 260 293

Duroply Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 1 0 0 0 0 1 0 0 0 1
Cash Flow from Operating Activities 12 0 1 9 14 6 -5 24 3 -17 -3
Cash Flow from Investing Activities -1 -1 1 -2 -3 -2 4 -2 -2 -10 1
Cash Flow from Financing Activities -12 0 -3 -7 -12 -2 -1 -22 -1 27 1
Net Cash Inflow / Outflow -1 -1 -0 -0 0 1 -1 0 -0 1 -1
Closing Cash & Cash Equivalent 1 0 0 0 0 1 0 0 0 1 0

Duroply Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.09 -12.7 -4.16 -10.51 1.52 -6.31 -3.79 -9.77 6.72 1.02 7.88
CEPS(Rs) 2.68 -8.84 -0.16 -5.09 4.97 -1.53 1.21 -5.39 11.07 4.77 12.62
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 42.3 29.61 106.48 166.94 120.12 112.67 108.55 98.93 110.05 123.13 130.33
Core EBITDA Margin(%) 3.04 0.07 1.29 1.76 4.37 2.87 -0.83 2.48 5.41 3.69 4.56
EBIT Margin(%) 2.34 -0.78 2.42 1.1 3.72 2.59 2.93 2.15 4.97 2.83 3.84
Pre Tax Margin(%) -0.74 -4.27 -0.83 -2.13 0.55 -1.12 -2.67 -2.37 2.62 0.31 1.84
PAT Margin (%) -0.22 -2.9 -0.83 -2.14 0.43 -1.97 -1.35 -3.31 1.73 0.31 2.09
Cash Profit Margin (%) 0.54 -2.02 -0.03 -1.04 1.4 -0.48 0.43 -1.83 2.84 1.46 3.35
ROA(%) -0.44 -5.34 -1.46 -2.7 0.48 -1.94 -1.16 -3.05 2.43 0.42 2.81
ROE(%) -2.53 -35.31 -6.11 -7.69 1.28 -5.42 -3.43 -9.41 6.99 0.97 6.22
ROCE(%) 7.72 -2.38 6.46 2.07 6.61 4.21 4.04 3.25 12.17 6.16 8.08
Receivable days 46.73 47.21 33.4 34.07 35.89 39.36 39.36 36.49 29.37 35.63 40.3
Inventory Days 85.39 93.16 92.04 100.71 99.56 118.24 132.06 120.34 81.89 90.02 96.81
Payable days 137.5 153.13 142.24 146.88 161.13 208.94 187.7 168.96 112.65 108.83 106.74
PER(x) 0 0 0 0 54.92 0 0 0 18.3 294.47 21.97
Price/Book(x) 0.99 1.68 1.71 0.6 0.7 0.26 0.51 0.91 1.12 2.44 1.33
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.31 0.41 0.66 0.45 0.44 0.34 0.54 0.56 0.44 1.03 0.59
EV/Core EBITDA(x) 9.13 380.54 38.56 20.15 9.29 10.35 219.11 15.54 7.26 25.95 12.25
Net Sales Growth(%) 11.01 -10.39 13.76 4.86 5.02 -9.61 -12.21 5.27 58.45 6.93 14.96
EBIT Growth(%) 248.74 -129.68 453.95 -55.72 250.27 -37.03 -0.66 -22.78 266.35 -39.11 55.82
PAT Growth(%) 92.38 -1062.57 67.23 -152.59 120.69 -514.94 39.86 -157.4 182.82 -80.72 671.22
EPS Growth(%) 92.38 -1062.58 67.23 -152.59 114.47 -514.94 39.86 -157.4 168.84 -84.81 671.2
Debt/Equity(x) 2.37 3.92 1.15 0.71 0.63 0.75 0.93 0.83 0.48 0.34 0.41
Current Ratio(x) 0.91 0.86 0.85 0.82 0.88 0.84 0.83 0.81 1.02 1.41 1.31
Quick Ratio(x) 0.39 0.31 0.28 0.27 0.3 0.27 0.3 0.26 0.38 0.57 0.48
Interest Cover(x) 0.76 -0.22 0.74 0.34 1.17 0.7 0.52 0.48 2.11 1.12 1.93
Total Debt/Mcap(x) 2.4 2.33 0.67 1.17 0.9 2.95 1.84 0.92 0.43 0.14 0.31

Duroply Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 61.53 55.01 55.01 55.01 55.01 55.24 55.24 50.22 50.22 50.22
FII 0 0 0 0 0 0 0 0 0 0
DII 0.13 0.11 0.11 0.11 0.11 0.11 0.11 0.1 0.1 0.1
Public 38.35 44.88 44.88 44.88 44.88 44.65 44.65 49.68 49.68 49.68
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Duroply Industries News

Duroply Industries Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 108.83 to 106.74days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
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