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DDev Plastiks Industries Ltd share Price Today

Company details

195.55
203.80
75.55
244.00
6M Return -8.92%
1Y Return 124.57%
Mkt Cap.(Cr) 2,037.98
Volume 75,886
Div Yield 0.46%
OI
-
OI Chg %
-
Volume 75,886

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Plastic Products company Ddev Plastiks Industries announced Q2FY24 & H1FY24 results:  

  • Q2FY24:
    • Operating Revenue: Rs 6,423 million, a slight decrease of 0.4% YoY
    • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 658 million, an increase of 78.9% YoY; Margin: 10.2%
    • Profit After Tax (PAT): Rs 423 million, an increase of 125.9% YoY; Margin: 6.5%
  • H1FY24:
    • Operating Revenue: Rs 12,804 million, growth of 8.3% YoY
    • EBITDA: Rs 1,271 million, an upsurge of 86.8% YoY; Margin: 9.8%
    • Profit After Tax (PAT): Rs 801 million, a significant rise of 142.3% YoY; Margin: 6.2%
  • Other Highlights:
    • Domestic Operations: Accounted for 77% of revenue; 15% growth YoY
    • Exports: Made up 23% of revenue

Commenting on the performance, Narrindra Suranna, Chairman and Managing Director said, “Ddev Plastiks has continued its strong growth momentum in Q2FY24 and delivered a revenue of Rs 6,423 million on the back of higher volumes. During the quarter, your Company has achieved an EBITDA of Rs 658 Mn, a growth of 79% on a YoY basis with a margin of 10.2%, owing to higher operational efficiencies and PAT of Rs 423 million, a strong growth of 126% on YoY basis with a margin of 6.5%. Despite the challenges due to the decline in selling prices, our profitability remained robust. This underscores the strength of our business model and our ability to navigate market dynamics while maintaining a steadfast focus on operational excellence.

In Q2FY24, our Domestic operations accounted for 77% of our Company's revenue in the quarter, exhibiting a growth of 15% compared to the same period last year. Whereas exports contributed 23% to our revenue. Our unwavering commitment to augmenting global exports stands as a pivotal strategy in fortifying and elevating our top-line growth trajectory. We maintain a constant focus on reaching our customers and understanding their requirements dynamically.

As we move forward, our commitment to sustained growth, operational efficiency, and financial resilience remains steadfast. Fuelled by a favorable demographic landscape, a resilient economy, and supportive governmental policies, the prospect for success and value creation for our shareholders will be significant. Backed by our superior manufacturing and product innovation capabilities, we remain confident of our growth and ability to overcome challenges and capitalize on opportunities. This positions Ddev Plastiks for continued triumph within the ever-evolving business landscape.”

View Other Company Results

DDev Plastiks Industries Ltd shares SWOT Analysis

Strengths (13)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (1)

  • Decline in Net Profit (QoQ)

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • RSI indicating price weakness

Resistance and support

R1 202.0
R2 207.0
R3 210.2
Pivot

198.77

S1 193.7
S2 190.5
S3 185.5
EMA SMA
209.3
209.5
204.4
185.1
212.5
209.1
205.7
195.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
Name Category Shares
DDEV SURANA PROMOTER 0.73%
BBIGPLAS POLY PRIVATE LIMITED PROMOTER 74.03%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

DDev Plastiks Industries Ltd Stocks COMPARISON

Financials( in Cr) DDev Plastiks Industries Ltd Pidilite Industries Ltd SRF Ltd Linde India Ltd Gujarat Fluorochemicals Ltd
Price 196.95 2,731.95 2,392.75 5,483.95 3,683.85
% Change -1.13 0.54 -0.32 -0.83 -0.39
Mcap Cr 2,037.98 138,949.44 70,927.09 46,769.32 40,467.09
Revenue TTM Cr 2,503.75 11,799.10 14,870.25 3,135.52 5,684.66
Net Profit TTM Cr 104.10 1,288.87 2,162.34 538.06 1,323.05
PE TTM 12.10 81.13 48.06 109.49 60.95
1 Year Return 124.57 19.84 9.16 44.30 18.91
ROCE 32.21 24.24 21.98 16.29 29.38
ROE 23.49 18.93 22.89 14.70 27.07
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 494.26 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,580.50 -5,207.40
LAST 3M 60,912.34 -26,979.54
LAST 6M 120,020.87 9,689.82
LAST 12M 181,151.65 180,381.32

DDev Plastiks Industries Ltd Information

Stock PE (TTM)
12.1
Promoter Holding
74.86%
Book Value
54.5032
ROCE
32.21%
ROE
23.49%
Description
  • Ddev Plastiks Industries Limited is engaged in the business of manufacturing polymer compounds in India. The company mainly manufactures plastic compounds for industrial use. Its product portfolio includes PVC compounds, PE compounds, filler compounds, masterbatches, footwear compounds, peroxide compounds, pipe compounds, and engineering compounds for white goods, automobiles, and electronic appliances. The company was incorporated on 7 December 2020, and its headquarters are in Kolkata, West Bengal. As of 25 October 2022, the market capitalisation of the company is Rs 710.72 crore.

    The company is listed only on the Bombay Stock Exchange (BSE) under scrip code 543547. The PE and PB ratio of the company, as of 25 October 2022, stood at 12.96 and 0.55, respectively.

    The company has seven state-of-the-art manufacturing plants in West Bengal, Daman & Diu, and Dadra and Nagar Haveli. The total manufacturing capacity of the company for PVC compounds is 36,000 metric tonnes. For silane-based compounds, it is 65,800 metric tonnes, for filler compounds, it is 18,000 metric tonnes, and for Semicon compounds, it is 12,500 metric tonnes. Apart from India, the company sells its products in more than 50 other countries. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 537.13 crore with a net profit of Rs 14.32 crore.

    As per the shareholding pattern of the company, a 74.84% stake in the company is held by promoters, whereas the remaining 25.16% stake is held by retail investors and others. The management team of the company comprises Mr Narrindra Surana (chairman and managing director), Mr Ddev Surana (whole-time director), Mr Rajesh Kothari (whole-time director), Mrs Mamata Binani (non-executive and independent director), Ms Ramya Hariharan (non-executive and independent director), and Ms Tanvi Goenka (company secretary), among others.

    On 25 October 2022, Ddev Plastiks Limited’s share price was Rs 75.55 at the BSE after the market closing. The Ddev Plastiks Limited’s shares have given a one-year return of 80.53%, and its 52-week high and 52-week low prices are Rs 93.45 and Rs 34.30, respectively. The top peers of the company include Tata Chemicals, Deepak Nitrite, SRF, Pidilite Industries, Gujarat Fluoroch, and Solar Industries.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543547
NSE Code :
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE0HR601026

FAQ’s on DDev Plastiks Industries Ltd Shares

You can buy DDev Plastiks Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy DDev Plastiks Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 27, 2024 04:01 PM the closing price of DDev Plastiks Industries Ltd was ₹ 196.95.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 27, 2024 04:01 PM, the market cap of DDev Plastiks Industries Ltd stood at ₹ 2,037.98.

The latest PE ratio of DDev Plastiks Industries Ltd as of Feb 27, 2024 04:01 PM is 12.1

The latest PB ratio of DDev Plastiks Industries Ltd as of Feb 27, 2024 04:01 PM is 0.28

The 52-week high of DDev Plastiks Industries Ltd is ₹ 244.00 while the 52-week low is ₹ 75.55

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