Ddev Plastiks Industries
Ddev Plastiks Industries (DDEVPLSTIK) share price was ₹245.38 at the 28 Oct 2026 close; market capitalisation ₹2,539 Cr; P/E (TTM) 11.90; sector Chemicals. The share price fell 19.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 28.6% year on year to ₹989.5 Cr and net profit rose 22.2% year on year to ₹63.8 Cr (compared with Jun 2025). Promoters held 75.00% of Ddev Plastiks Industries in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 56/100 (Good) as of 28 Oct 2026.
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Peer Comparison
Commodities › Chemicals › Specialty Chemicals
| ₹1,389.60 | 53.41 | 1,41,445 Cr | 13.07 | 1.48% | 22.36% | 28.48% | 15,689 Cr | 2,677 Cr | |
| ₹4,267.10 | 77.47 | 46,874 Cr | 6.00 | 0.07% | 7.25% | 10.13% | 5,334 Cr | 600 Cr | |
| ₹8,501.00 | 55.18 | 43,604 Cr | 10.98 | 0.18% | 16.70% | 18.66% | 3,734 Cr | 789 Cr | |
| ₹1,588.40 | 89.59 | 21,082 Cr | 8.58 | 0.00% | 8.94% | 12.15% | 1,257 Cr | 235 Cr | |
| ₹1,488.40 | 25.92 | 20,301 Cr | 3.48 | 0.52% | 9.38% | 10.85% | 8,624 Cr | 784 Cr | |
| ₹437.30 | 29.87 | 15,856 Cr | 2.66 | 0.23% | 7.04% | 8.53% | 9,040 Cr | 531 Cr | |
| ₹5,225.50 | 19.93 | 15,385 Cr | 2.34 | 0.55% | 10.95% | 13.54% | 7,185 Cr | 788 Cr | |
| Ddev Plastiks Industries (this company) | ₹245.38 | 11.90 | 2,539 Cr | 2.51 | 0.72% | 19.92% | 28.90% | 3,205 Cr | 214 Cr |
| Median 8 companies | ₹1,538.40 | 41.64 | 20,692 Cr | 4.74 | 0.38% | 10.17% | 12.85% | 6,260 Cr | 692 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
v2.0.0
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Technical Indicators
Oscillators
Bullish
Overall
Bearish
Moving Averages
Bearish
0 of 1 analyst rates Buy, 1 Hold, 0 Sell.
Updated 28 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 9% · Jun 2026
AI Analysis — Bull vs Bear
DDev Plastiks Industries Ltd is a small-cap commodities company (market cap ~₹2,924 Cr) operating in the plastics segment with near-zero debt (debt-to-equity ~0.05), a consistent ROE of ~22-25% over three years, and TTM sales growth of 13%. The stock trades at a PE of 14.5x, well below the industry average of ~41x, while revenue grew from ₹2,431 Cr in FY24 to ₹2,948 Cr in FY26.
- Near debt-free balance sheet with debt-to-equity ratio of just 0.05, providing financial flexibility and low interest burden
- Consistent ROE of 22-25% over the last 3 years, indicating efficient capital allocation and strong profitability
- PE ratio of 14.5x is significantly below the industry average PE of ~41x, suggesting relative undervaluation
- TTM sales growth of 13% (FY26 revenue at ₹2,948 Cr vs ₹2,603 Cr in FY25) shows accelerating top-line momentum
- Compounded profit growth of 25% over 3 years demonstrates strong earnings compounding
- Q3 FY26 net sales of ₹732.84 Cr grew 10.91% YoY from ₹660.75 Cr, showing consistent quarterly momentum
- Reserves and surplus grew from ₹484.85 Cr in FY23 to ₹824.36 Cr in FY25, reflecting strong internal accrual
- Secured loans declined from ₹129 Cr in FY22 to ₹42 Cr in FY25, showing active deleveraging
- Small market cap of ₹2,924 Cr implies lower liquidity and higher volatility risk compared to large-caps
- Operating profit margin of ~9.6-10.5% is thin for a commodities business, leaving limited buffer against input cost spikes
- Dividend yield of just 0.18% offers negligible income return to shareholders
- Stock CAGR of only 6% over 1 year indicates muted price appreciation despite decent fundamentals
- Compounded sales growth of only 6% over 3 years (FY22-FY25) suggests historically inconsistent top-line expansion
- Revenue declined from ₹2,504 Cr in FY23 to ₹2,431 Cr in FY24, showing vulnerability to demand/pricing cycles
- Commodities sector exposure means earnings are tied to polymer/plastic resin price volatility which the company cannot control
- Net profit margin of ~7.9% (TTM) is modest, and FY26 OPM dipped to 9.62% from 10.26% in FY25, indicating margin pressure
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- FY26 PAT up 9% to ₹202Cr Jun 08
Ddev Plastiks reported PAT of INR 202 Cr for FY26, a 9% YoY increase. Revenue grew 13% YoY with exports surging 30%.
- Trading window closed for Q1FY26 Jun 20
Trading window closed from July 1, 2026 until 48 hours after Q1FY26 results declaration, per SEBI insider trading regulations.
TL;DR: DDev Plastiks is delivering solid growth with FY26 PAT up 9% and revenue up 13%, underpinned by a strong 30% surge in exports. No material headwinds are visible in recent news. The export-led growth trajectory and improving profitability suggest a positive trend, though investors should watch for margin sustainability as volumes scale.
Analyst Forecasts
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 638 | 642 | 554 | 597 | 625 | 580 | 661 | 737 | 769 | 680 | 733 | 766 | 989 |
| Expenses | 584 | 582 | 493 | 513 | 567 | 517 | 590 | 660 | 696 | 616 | 657 | 691 | 898 |
| Operating Profit | 54 | 60 | 60 | 84 | 58 | 64 | 70 | 76 | 73 | 64 | 76 | 74 | 91 |
| OPM % | 8% | 9% | 11% | 14% | 9% | 11% | 11% | 10% | 9% | 9% | 10% | 10% | 9% |
| Other Income | 7 | 5 | 3 | 8 | 6 | 5 | 4 | 3 | 6 | 11 | 4 | 12 | 10 |
| Interest | 7 | 6 | 5 | 5 | 4 | 5 | 7 | 6 | 6 | 7 | 8 | 8 | 11 |
| Depreciation | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 |
| PBT | 51 | 57 | 55 | 82 | 57 | 60 | 64 | 69 | 70 | 64 | 67 | 73 | 85 |
| Tax % | 26% | 25% | 27% | 25% | 25% | 26% | 28% | 25% | 25% | 26% | 28% | 26% | 25% |
| Net Profit | 38 | 42 | 40 | 62 | 42 | 45 | 47 | 52 | 52 | 47 | 48 | 55 | 64 |
| EPS (₹) | 3.65 | 4.08 | 3.87 | 5.95 | 4.1 | 4.32 | 4.5 | 5 | 5.04 | 4.55 | 4.64 | 5.27 | 6.16 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 0 | 2,227 | 2,504 | 2,431 | 2,603 | 2,948 | 3,168 |
| Expenses | 0 | 2,121 | 2,344 | 2,173 | 2,334 | 2,661 | 2,863 |
| Operating Profit | 0 | 106 | 160 | 258 | 270 | 287 | 305 |
| OPM % | — | 4.7% | 6% | 11% | 10% | 10% | 10% |
| Other Income | 0 | 22 | 26 | 24 | 17 | 33 | 37 |
| Interest | 0 | 41 | 33 | 23 | 21 | 29 | 34 |
| Depreciation | 0 | 12 | 12 | 14 | 15 | 18 | 18 |
| PBT | 0 | 76 | 140 | 245 | 251 | 274 | 289 |
| Tax % | — | 28% | 26% | 26% | 26% | 26% | — |
| Net Profit | 0 | 55 | 104 | 182 | 186 | 202 | 213 |
| EPS (₹) | — | — | 10.06 | 17.56 | 17.93 | 19.5 | 20.62 |
| Div. Payout % | — | 4% | 9% | 9% | 10% | 9% | — |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 9 | 9 | 10 | 10 | 10 |
| Reserves | 0 | 382 | 485 | 650 | 824 | 1,003 |
| Borrowings | 0 | 130 | 56 | 66 | 46 | 57 |
| Other Liabilities | 0 | 408 | 362 | 269 | 274 | 374 |
| Total Liabilities | 0 | 929 | 912 | 995 | 1,155 | 1,444 |
| Fixed Assets | 0 | 207 | 225 | 231 | 275 | 304 |
| CWIP | 0 | 2 | 1 | 3 | 1 | 50 |
| Investments | 0 | 0 | 0 | 0 | 61 | 21 |
| Other Assets | 0 | 720 | 686 | 761 | 817 | 1,069 |
| Total Assets | 0 | 929 | 912 | 995 | 1,155 | 1,444 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 0 | 26 | 145 | 116 | 137 | 85 |
| Investing | 0 | -11 | -35 | -18 | -114 | -41 |
| Financing | 0 | -10 | -109 | -28 | -57 | -44 |
| Net Cash Flow | 0 | 6 | 1 | 70 | -34 | 0 |
| Free Cash Flow | 0 | 8 | 117 | 94 | 80 | -11 |
| CFO/EBITDA | — | 37 | 113 | 67 | 79 | 51 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | — | 57 | 53 | 60 | 65 | 69 |
| Inventory Days | — | 52 | 37 | 38 | 42 | 59 |
| Days Payable | — | 66 | 49 | 34 | 35 | 43 |
| Cash Conversion Cycle | — | 43 | 41 | 64 | 72 | 85 |
| Working Capital Days | — | 32 | 40 | 54 | 66 | 76 |
| ROCE % | — | 45% | 32% | 42% | 34% | 31% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY20–FY27.
Documents
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Company Information
Incorporated in 2020, DDev Plastiks Industries Ltd manufactures Plastic Compounds[1]
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