Dhabriya Polywood Ltd – Company Report
1. Company Overview
Dhabriya Polywood Ltd., incorporated in 1992 and headquartered in Jaipur, Rajasthan, is a well-established player in the Indian interior infrastructure industry. The company specializes in manufacturing and installation of eco-friendly products such as uPVC doors and windows, modular furniture, and WPC (Wood Polymer Composite) profiles under two popular brands: Polywood and Dynasty. Leveraging advanced manufacturing technologies and eco-conscious materials, the company serves both B2B and B2C markets including premium real estate developers, hospitality firms, and individual homeowners.
With over three decades of experience, Dhabriya Polywood operates multiple facilities across Rajasthan and Himachal Pradesh. It has continued to scale operations by expanding its installation services network and enhancing its in-house design and fabrication capabilities. The company’s wholly owned subsidiary, Dynasty Modular Furnitures Pvt. Ltd., focuses on premium modular kitchens and wardrobes. Dhabriya Polywood is listed on the BSE and known for its consistent financial performance and quality-centric ethos.
- Incorporated: 1992
- Headquarters: Jaipur, Rajasthan, India
- Managing Director: Mr. Mahesh Dhabriya
- Brands: Polywood (uPVC/WPC), Dynasty (modular furniture)
- Manufacturing Units: Jaipur (Rajasthan), Kala Amb (Himachal Pradesh)
- Certifications: ISO 9001:2015, ISO 14001:2015
- Market Capitalization (July 2025): ~₹545 crore
- Employee Strength: 600+
2. Products and Services
Dhabriya Polywood Ltd. operates in the decorative building materials space, catering to both new construction and renovation segments.
Product Offerings
- uPVC Doors and Windows: Maintenance-free, durable, thermally insulated doors and windows in customizable formats
- Aluminium Doors and Windows: Sleek designs ideal for commercial and hi-rise developments
- WPC Solutions: Wood polymer composite profiles for door frames, partitions, cladding, false ceilings, and panels
- Modular Furniture (under Dynasty brand): Modular kitchens, wardrobes, vanities, and storage for residential and commercial use
Service Solutions
- Turnkey project execution from design to installation
- Institution and builder partnerships for large-scale residential and commercial projects
- Customization as per client’s site, aesthetic, and functional requirements
Client Segments
- Real estate developers (DLF, Puravankara, Adani, etc.)
- Hospitality and educational institutions
- Government clients and retail customers
Technology and Sustainability
- In-house design automation and CNC production
- Use of recyclable, eco-safe uPVC/WPC materials
- Targeting green building standards and reducing wood dependency
3. Recent News and Developments
- New Work Orders:
- December 23, 2025: Bagged a ₹4.52 crore order from Concient Group (Heritage Max) for modular kitchens
- December 23, 2025: Secured a ₹5.24 crore combined orders from Puravankara Group and DLF Group for uPVC and aluminium systems
- April 15, 2025: Received a ₹4.54 crore order from DLF Group for the supply & installation of modular kitchens, vanities, & medicine cabinets to subsidiary Dynasty Modular Furnitures Pvt. Ltd.
- January 22, 2025: Bagged a ₹14.09 crore order from DLF Group, including:
- ₹2.36 crore for uPVC windows/doors (12-month timeline)
- ₹11.73 crore for aluminium systems (24-month timeline)
- January 22, 2025: Secured a ₹1.55 crore order from Adani Group to subsidiary Dynasty Modular Furnitures Pvt. Ltd. for modular kitchens
- October 14, 2025: Ace Investor Ashish Kacholia cut exposure to Dhabriya Polywood, a PVC and uPVC building material company, lowering his stake by 0.9% to 5.8%. Despite the reduction, his investment remains sizable at ₹24.7 crore.
These cumulative business wins reflect strong demand for Dhabriya’s products and its growing trust among large developers for turnkey interior infrastructure solutions.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹236 crore |
| Net Profit | ₹18 crore |
| EPS | ₹16.66 |
| Operating Profit Margin (OPM) | 16% |
| Net Profit Margin | 8% |
| Dividend Payout % | 4% |