DDEVPLSTIK

Ddev Plastiks Industries Limited

Polymer compounds for wire & cable, footwear and other applications

Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals

ddevgroup.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹261.36
Market cap
2,707 Cr
Stock P/E
12.7
P/B
2.67
Dividend yield
0.9%
ROE (FY26)
19.9%
ROCE (FY26)
28.4%
Operating margin (FY26)
9.1%
Debt / equity (FY26)
0.05
OCF / EBITDA (FY26)
29.5%
OCF / EBITDA (3Y)
41.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Ddev Plastiks makes polymer compounds, the plastic materials used mainly by wire and cable makers in India and overseas, and calls itself India's largest polymer compound manufacturer (August 2026 call).

Company snapshot

33rdBy market cap

Ranked among 68 companies in Specialty Chemicals.

What we see

Positives
  • ✓Debt-to-equity of 0.05x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 42% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales642 Cr554 Cr597 Cr625 Cr580 Cr661 Cr737 Cr769 Cr680 Cr733 Cr766 Cr989 Cr
Operating expenses (approx.)582 Cr493 Cr513 Cr567 Cr517 Cr590 Cr660 Cr696 Cr616 Cr657 Cr691 Cr898 Cr
EBITDA60 Cr60 Cr84 Cr58 Cr64 Cr70 Cr76 Cr73 Cr64 Cr76 Cr74 Cr91 Cr
OPM %9.4%10.9%14.0%9.3%11.0%10.7%10.4%9.5%9.4%10.3%9.7%9.2%
Other income5 Cr3 Cr8 Cr6 Cr5 Cr4 Cr3 Cr6 Cr11 Cr4 Cr12 Cr10 Cr
Interest6 Cr5 Cr5 Cr4 Cr5 Cr7 Cr6 Cr6 Cr7 Cr8 Cr8 Cr11 Cr
Depreciation3 Cr3 Cr4 Cr3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr5 Cr5 Cr5 Cr
Profit before tax57 Cr55 Cr82 Cr57 Cr60 Cr64 Cr69 Cr70 Cr64 Cr67 Cr73 Cr85 Cr
Tax %25.4%27.1%25.2%25.3%25.9%27.6%25.2%25.2%25.9%28.3%25.7%25.0%
Net profit42 Cr40 Cr62 Cr42 Cr45 Cr47 Cr52 Cr52 Cr47 Cr48 Cr55 Cr64 Cr
EPS (₹)₹4.08₹3.87₹5.95₹4.10₹4.32₹4.50₹5.00₹5.04₹4.55₹4.64₹5.27₹6.16

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,504 Cr2,431 Cr2,603 Cr2,948 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,344 Cr2,173 Cr2,334 Cr2,661 CrSign in free for the trailing twelve months
EBITDA160 Cr258 Cr269 Cr287 CrSign in free for the trailing twelve months
OPM %6.4%10.6%10.3%9.7%Sign in free for the trailing twelve months
Other income26 Cr24 Cr18 Cr34 CrSign in free for the trailing twelve months
Interest33 Cr23 Cr21 Cr29 CrSign in free for the trailing twelve months
Depreciation12 Cr14 Cr15 Cr18 CrSign in free for the trailing twelve months
Profit before tax140 Cr245 Cr251 Cr274 CrSign in free for the trailing twelve months
Tax %25.8%25.7%26.0%26.2%Sign in free for the trailing twelve months
Net profit104 Cr182 Cr185 Cr202 CrSign in free for the trailing twelve months
EPS (₹)₹11.07₹17.56₹17.93₹19.50Sign in free for the trailing twelve months
Dividend payout %2.2%8.5%5.6%11.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026
Equity capital9 Cr10 Cr10 Cr10 Cr
Reserves485 Cr650 Cr824 Cr1,003 Cr
Borrowings56 Cr66 Cr42 Cr52 Cr
Other liabilities362 Cr269 Cr278 Cr378 Cr
Total liabilities912 Cr995 Cr1,155 Cr1,444 Cr
Fixed assets (net)225 Cr231 Cr271 Cr279 Cr
CWIP0.67 Cr3 Cr0.93 Cr50 Cr
Investments0 Cr0 Cr61 Cr21 Cr
Inventories218 Cr205 Cr242 Cr392 Cr
Trade receivables363 Cr398 Cr466 Cr554 Cr
Cash & bank7 Cr77 Cr43 Cr43 Cr
Other assets99 Cr81 Cr70 Cr104 Cr
Total assets912 Cr995 Cr1,155 Cr1,444 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity145 Cr116 Cr137 Cr85 Cr
Cash from investing-35 Cr-18 Cr-114 Cr-41 Cr
Cash from financing-109 Cr-28 Cr-57 Cr-44 Cr
Net cash flow0.91 Cr70 Cr-34 Cr0.39 Cr
Free cash flow (OCF − Capex)117 Cr93 Cr85 Cr11 Cr

Ratios

MetricMar 2023Mar 2024Mar 2025Mar 2026
ROCE %31.6%36.9%31.0%28.4%
ROE %21.1%27.5%22.2%19.9%
Debtor days53606568
Inventory days37384159
Days payable49343442
Cash conversion cycle40647285
OCF / EBITDA %90.8%45.0%51.0%29.5%
OCF / EBITDA % (3 years)——58.0%41.5%
Debt / equity0.110.100.050.05
Current ratio1.722.423.012.70
Net debt / EBITDA0.31-0.04-0.00370.03