Archidply Industries Limited (ARCHIDPLY)

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Archidply Industries Limited (ARCHIDPLY) · mywealthgrid

About

Archidply manufactures plywood boards and laminates for consumer durables. Mid-cap player (₹190.86 Cr market cap, ₹140–₹190 Cr quarterly revenue) serving India's housing and construction markets.

Face value: ₹10

Market cap

₹203 Cr

P/E

15.5×

P/B

1.8×

Dividend yield

ROE

7.4%

ROCE

17%

Debt / equity

1.6

OPM

6.3%

EPS (TTM)

₹6.6

Book value

₹56.3

52-week high

—

52-week low

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Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: OPM swings 4.69%–7.36% quarter-to-quarter; verify drivers (input costs, capacity, mix) and whether structural pressures persist.
High leverage, weak returns: D/E 1.6 combined with ROE 7.4% and volatile earnings (EPS ₹0.81–₹2.83) limits financial flexibility; verify debt maturity and refinancing risk.
Cyclical exposure: plywood/laminate demand depends on housing, real-estate activity, and discretionary spending; verify current construction and demand trends.
Negative year returns: stock down 4.39% despite Jun 2026 earnings recovery (EPS ₹2.83); verify whether valuation anchors to trough expectations or reflects business momentum.

Generated analysis · source review pending

Growth drivers

Jun 2026 revenue ₹189 Cr is highest in recent quarters; verify if sustained demand or seasonal by checking housing-activity metrics.
OPM improved to 7.36% (Jun) from 4.69% (Sep); verify if 267-bps gain came from input costs, capacity utilization, or mix, and if it is durable.
EPS jumped to ₹2.83 (Jun) from ₹0.81 (Dec), threefold increase; verify if driven by volume, margin expansion, or accounting, and if sustainable.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹101.8-0.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 16.7% over the last 3 years
+High promoter holding of 69.9% with no pledge

Cons

−Low return on equity of 2.4% (3-yr avg)
−Thin operating margin of 6.3%
−Profit declined 13.3% a year over the last 3 years
−Heavily leveraged (debt/equity 1.6)
−Weak interest coverage of 1.7×

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 16
Growth: 67

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	306	422	436	556	671
COGS	196	286	302	379	446
Gross profit	110	136	133	177	225
	91	112	112	155	183
	19	24	22	22	42
OPM %	6.3%	5.7%	5%	3.9%	6.3%
Depreciation	4	4	4	13	13
Interest	5	6	7	18	18
	1	2	3	2	-0
Profit before tax	12	17	12	-8	11
Tax	3	4	5	-0	3
Tax %	27.2%	26%	42.7%	-4.5%	29.1%
	8	12	7	-7	8
PAT margin %	2.8%	2.9%	1.6%	-1.3%	1.2%
EPS (₹)	4.3	6.2	3.6	-3.7	4
EPS adjusted (₹)	4.3	6.2	3.6	-3.7	4
Annual report	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	20	20	20	20	20	20
Reserves	—	72	84	92	84	92
Minority interest	—	0	—	0	—	0
	—	54	83	146	193	179
	—	53	62	69	96	96
Total equity & liabilities	—	199	248	327	392	387
	46	44	64	148	146	135
CWIP	—	0	12	2	0	—
Investments	—	1	0	0	0	0
	—	155	172	176	246	252
Total assets	—	199	248	327	392	387

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12	7	11	-23	34
	0	-35	-69	-5	-1
	0	26	56	27	-33
Net cash flow	12	-2	-2	-1	0
Free cash flow	12	-28	-65	-28	33
CFO / Operating profit %	59.8%	30.7%	53.1%	-106.8%	80.6%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Plywood & Allied Products	346.61	46.58	122.89	53.72	69.17	67.34
Medium Density Fibre Board	181.57	5.43

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36%	32.2%	30.6%	31.9%	33.5%
EBITDA margin %	6.3%	5.7%	5%	3.9%	6.3%
EBIT margin %	5%	4.7%	3.9%	1.5%	4.3%
PAT margin %	2.8%	2.9%	1.6%	-1.3%	1.2%
Working capital
Receivable days	97	80	82	90	82
Inventory days	95	65	66	77	66
Payable days	70	51	58	67	55
NWC days	123	93	89	100	93
Leverage
Current ratio	1.44	1.12	1.21	1.06	1.15
Debt to EBITDA	2.77	3.44	6.78	8.81	4.23
Debt to equity	0.58	0.8	1.31	1.85	1.6
Interest coverage	3.5	3.9	2.7	0.6	1.7
Asset turnover	1.54	1.7	1.33	1.42	1.73
Return ratios
Return on assets %	4.2%	4.9%	2.2%	-1.9%	2.1%
Return on capital employed %	16.7%	21.4%	13.1%	5.5%	17%
Return on equity %	9.2%	11.8%	6.3%	-7.1%	7.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%	69.89%
FII	0%	0%	0.01%	0%	0%	0.05%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.11%	30.11%	30.1%	30.11%	30.11%	30.06%	30.11%	30.11%	30.11%	30.11%	30.11%	30.11%
No. of shareholders	—	—	—	—	—	—	—	—	11,056	10,737	10,463	10,377

Promoter holding up 0 percentage points since Sep 2023.

10 deals · 27 Jul 2022 – 19 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Feb 2025	SUJATA DEVENDRA RATHI	Bulk	NSE	Buy	1,93,000	₹88.77	₹1.71 Cr
19 Feb 2025	VINIT DEVENDRA RATHI	Bulk	NSE	Sell	1,92,500	₹88.74	₹1.71 Cr
18 Nov 2024	VINIT DEVENDRA RATHI	Bulk	NSE	Buy	1,92,500	₹106.17	₹2.04 Cr
18 Nov 2024	DEVENDRA BANKATLAL RATHI	Bulk	NSE	Sell	1,92,500	₹106.17	₹2.04 Cr
8 Apr 2024	INDRA KIRAN VENTURES	Bulk	NSE	Buy	1,00,000	₹123.58	₹1.24 Cr
18 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	1,29,604	₹96.60	₹1.25 Cr
18 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	1,29,604	₹96.50	₹1.25 Cr
17 Oct 2023	SHALU AGGARWAL	Bulk	NSE	Buy	1,50,000	₹90.67	₹1.36 Cr
27 Jul 2022	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	1,02,780	₹71.30	₹0.73 Cr
27 Jul 2022	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	1,02,780	₹71.18	₹0.73 Cr

1–10 of 10

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. DEEN DAYAL DAGAExecutive Director-Chairperson
Mr. RAJIV DAGAExecutive Director-CEO-MD
Anil SurekaChief Financial Officer
Mr. SHYAM DAGANon-Executive - Non Independent Director
Mr. PRITAM SINGHNon-Executive - Independent Director
Mr. Rohit PareekNon-Executive - Independent Director
Mrs. Anchal MittalNon-Executive - Independent Director
Mr. Atul Krishna PandeyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Archidply Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

2

Dividend dividend25 Aug 2009 · ex-date₹1
Interim dividend4 Nov 2008 · ex-date₹2

1

Board meeting to consider results7 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

30 Sept 2026, 11:20 amAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 2:54 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 1:11 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

4 Sept 2026, 5:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 7:01 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

3 Sept 2026, 5:45 pmCorp. Action

Fixes Book Closure For 31St Annual General Meeting

Book Closure PDF

3 Sept 2026, 5:42 pmAGM/EGM

Archidply Industries Ltd - 532994 - Notice Of 31St Annual General Meeting

AGM PDF

9 Aug 2026, 4:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
30 Sept 2026, 11:20 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 2:54 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36%	32.2%	30.6%	31.9%	33.5%
EBITDA margin %	6.3%	5.7%	5%	3.9%	6.3%
EBIT margin %	5%	4.7%	3.9%	1.5%	4.3%
PAT margin %	2.8%	2.9%	1.6%	-1.3%	1.2%
Working capital
Receivable days	97	80	82	90	82
Inventory days	95	65	66	77	66
Payable days	70	51	58	67	55
NWC days	123	93	89	100	93
Leverage
Current ratio	1.44	1.12	1.21	1.06	1.15
Debt to EBITDA	2.77	3.44	6.78	8.81	4.23
Debt to equity	0.58	0.8	1.31	1.85	1.6
Interest coverage	3.5	3.9	2.7	0.6	1.7
Asset turnover	1.54	1.7	1.33	1.42	1.73
Return ratios
Return on assets %	4.2%	4.9%	2.2%	-1.9%	2.1%
Return on capital employed %	16.7%	21.4%	13.1%	5.5%	17%
Return on equity %	9.2%	11.8%	6.3%	-7.1%	7.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Century Plyboards (India) LimitedCENTURYPLYCENTURYPLY	₹14,809 Cr	₹16,439 Cr	₹5,789 Cr	₹720 Cr	12.1%	₹291 Cr	5%	15.4%	10.6%	131
Greenlam Industries LimitedGREENLAMGREENLAM	₹5,449 Cr	₹6,496 Cr	₹3,169 Cr	₹361 Cr	10.7%	₹93 Cr	1.8%	9.7%	4.9%	92
Stylam Industries LimitedSTYLAMINDSTYLAMIND	₹5,442 Cr	₹5,471 Cr	₹1,173 Cr	₹237 Cr	19.5%	₹170 Cr	13.3%	27.6%	20.5%	150
Greenply Industries LimitedGREENPLYGREENPLY	₹3,793 Cr	₹4,282 Cr	₹2,863 Cr	₹287 Cr	9.9%	₹99 Cr	3.3%	18%	10.5%	35
Greenpanel Industries LimitedGREENPANELGREENPANEL	₹1,944 Cr	₹2,212 Cr	₹1,567 Cr	₹246 Cr	15.7%	₹143 Cr	9.1%	12.4%	11.4%	55
Rushil Decor LimitedRUSHILRUSHIL	₹467 Cr	₹726 Cr	₹912 Cr	₹90 Cr	8.1%	₹23 Cr	0.7%	4.9%	1%	-124
Archidply Industries LimitedARCHIDPLYARCHIDPLY	₹203 Cr	₹382 Cr	₹712 Cr	₹48 Cr	6.3%	₹13 Cr	1.2%	17%	7.4%	93
Ecoboard Industries LtdECOBOARECOBOAR	₹156 Cr	₹163 Cr	₹15 Cr	₹-1 Cr	-38.9%	₹11 Cr	-42.2%	-67.2%	-44.7%	119
Duroply Industries LtdDUROPLYDUROPLY	₹105 Cr	₹170 Cr	₹181 Cr	₹-2 Cr	5.2%	₹-2 Cr	0.7%	9.5%	2.1%	115
Archidply Decor LimitedADLADL	₹41 Cr	₹58 Cr	₹46 Cr	₹2 Cr	4.3%	₹-0 Cr	0%	3.6%	0%	417
Adhata Global LtdADHHATAADHHATA	₹10 Cr	₹10 Cr	₹17 Cr	₹2 Cr	-43.3%	₹2 Cr	-49.5%	-48.5%	-79.6%	408

Archidply Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

2

1

Announcements

Not in the F&O segment

No fund holdings on record

2

1

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

(e ) Other · revenue

Archidply Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends2

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

No fund holdings on record

Dividends2

Board meetings1

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

(e ) Other · revenue

2

1

2

1