Ddev Plastiks Industries
Ddev Plastiks Industries
ChemicalsKey Fundamentals
MicrocapSpecialty ChemicalsChemicalsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoDDev 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
anthropic claude-opus-4.6 69d ago- 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.
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 in Rs | 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 in Rs | — | — | 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/OP | — | 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
Log in to view Ddev Plastiks Industries insights
58 extracted metrics + investor summaries across FY20–FY26.
Documents
Frequently Asked Questions about Ddev Plastiks Industries
What does DDev Plastiks Industries Ltd do?
Where is DDev Plastiks Industries Ltd (DDEVPLSTIK) listed?
Which sector does DDev Plastiks Industries Ltd belong to?
What is the market capitalisation of DDev Plastiks Industries Ltd?
What is the PE ratio of DDev Plastiks Industries Ltd?
What is the 52-week high and low of DDev Plastiks Industries Ltd?
Does DDev Plastiks Industries Ltd pay dividends?
What is the Return on Equity (ROE) of DDev Plastiks Industries Ltd?
Company Information
Incorporated in 2020, DDev Plastiks Industries Ltd manufactures Plastic Compounds[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/DDEVPLSTIK.md for DDev Plastiks Industries Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.