Ddev Plastiks Industries Limited (DDEVPLSTIK)

About

Ddev Plastiks Industries operates in specialty chemicals within the Materials sector, with quarterly revenue of ₹989 Cr (Jun 2026) and market cap of ₹2,866 Cr. The company maintains operating margins near 10% and return on equity of 21.84%, demonstrating profitability and capital efficiency in the chemicals space. Competitive positioning and end-market exposure within specialty chemicals warrant verification.

Face value: ₹1

Market cap

₹2,563 Cr

P/E

12.0×

P/B

2.5×

Dividend yield

0.7%

ROE

21.8%

ROCE

31.6%

Debt / equity

0.05

OPM

9.7%

EPS (TTM)

₹20.6

Book value

₹97.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compression from 10.65% (Dec 2024) to 9.22% (Jun 2026) — verify if driven by input-cost pressures, pricing headwinds, or temporary factors.
Institutional ownership minimal (FII 1.46%, DII 0.09% as of Jun 2026) despite ROE of 21.84% — clarify what limits institutional investor participation.
Negative 1-year return of -1.48% against 22% EPS growth signals market skepticism; 52-week price range ₹189–₹351 reflects high volatility.
Quarterly revenue swings from ₹660 to ₹989 Cr — verify if driven by cyclical demand, project lumpiness, or underlying demand uncertainty.

Generated analysis · source review pending

Growth drivers

Year-on-year revenue growth of 29% (₹769 Cr Jun 2025 → ₹989 Cr Jun 2026) and EPS growth of 22% (₹5.04 → ₹6.16) demonstrate near-term earnings momentum.
Very low debt (D/E 0.05) provides capacity to fund capex or expand production in specialty chemicals — verify capital deployment strategy and growth roadmap.
Operating margins holding at 9–10% despite quarterly revenue volatility show cost and pricing discipline — verify if foundation for sustainable growth.

Generated analysis · source review pending

1,029 historical price candles were omitted because the exchange source has not been verified.

₹247.6-0.5%1Y

Quick read

rule-based

Pros

+Strong return on equity of 26% (3-yr avg)
+High return on capital employed of 37%
+Profit CAGR of 24.7% over the last 3 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 10.5×
+High promoter holding of 75% with no pledge

Cons

−Modest revenue growth of 5.6% a year over the last 3 years
−Low dividend payout of 8.5% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

75/100

Business quality: 67
Growth

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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Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	2,227	2,504	2,431	2,603	2,948
COGS	0	1,936	2,149	1,956	2,127	2,422
Gross profit	—	291	355	475	476	526
	0	185	195	217	207	240
	0	106	160	258	269	287
OPM %	—	4.7%	6.4%	10.6%	10.3%	9.7%
Depreciation	0	12	12	14	15	18
Interest	0	41	33	23	21	29
	0	22	26	24	18	34
Profit before tax	0	76	140	245	251	274
Tax	0	21	36	63	65	72
Tax %	—	27.5%	25.8%	25.8%	26%	26.3%
	0	55	104	182	186	202
PAT margin %	—	2.5%	4.2%	7.5%	7.1%	6.9%
EPS (₹)	-3.5	5.8	10,409.6	17.6	17.9	19.5
EPS adjusted (₹)	0	5.3	10.1	17.6	17.9	19.5
	—	4.1%	0%	8.5%	9.8%	9%
Annual report	—	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	9	9	10	10	10
Reserves	382	485	650	824	1,003
	129	56	66	42	52
	408	362	269	278	378
Total equity & liabilities	929	912	995	1,155	1,444
	207	225	231	275	304
CWIP	2	1	3	1	50
Investments	0	0	0	61	21
	720	686	761	817	1,069
Total assets	929	912	995	1,155	1,444

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	26	145	116	137	85
	0	-18	-35	-18	-114	-41
	0	-10	-109	-28	-57	-44
Net cash flow	0	-2	1	70	-34	0
Free cash flow	0	8	117	93	85	11
CFO / Operating profit %	—	25.1%	90.8%	45%	51%	29.5%

Compounded sales growth

7 years: —
5 years: —
3 years: 6%
1 year: 13%

Compounded profit growth

7 years: —
5 years: —
3 years: 25%
1 year: 9%

Return on equity

7 years: —
5 years: 21%
3 years: 23%
Last year: 20%

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Ratios

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

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	13.1%	14.2%	19.6%	18.3%	17.9%
EBITDA margin %	—	4.7%	6.4%	10.6%	10.3%	9.7%
EBIT margin %	—	4.2%	5.9%	10%	9.8%	9.1%
PAT margin %	—	2.5%	4.2%	7.5%	7.1%	6.9%
Working capital
Receivable days	—	57	53	60	65	69
Inventory days	—	52	37	38	42	59
Payable days	—	66	49	34	35	43
NWC days	—	43	41	64	72	85
Leverage
Current ratio	1.13	1.39	1.72	2.42	3.01	2.7
Debt to EBITDA	—	1.22	0.35	0.26	0.16	0.18
Debt to equity	8	0.33	0.11	0.1	0.05	0.05
Interest coverage	—	2.9	5.2	11.6	12.8	10.5
Asset turnover	0	2.4	2.74	2.44	2.25	2.04
Return ratios
Return on assets %	0%	5.9%	11.4%	18.3%	16.1%	14%
Return on capital employed %	0%	55.5%	36.9%	44.3%	35%	31.6%
Return on equity %	0%	14%	21.1%	27.5%	22.2%	19.9%

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
	74.84%	74.86%	74.98%	74.98%	75%	75%	75%	75%	75%	75%	75%	75%
	0.17%	0.12%	0.01%	0.02%	0.03%	0.02%	0.36%	0.36%	1.13%	0.9%	0.9%	1.46%
	0%	0.25%	0.24%	0.31%	0.26%	0.51%	0.52%	1.15%	0.8%	0.96%	0.64%	0.09%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.99%	24.77%	24.77%	24.69%	24.71%	24.47%	24.12%	23.49%	23.07%	23.14%	23.46%	23.45%
No. of shareholders	—	—	—	—	—	—	—	—	35,406	35,011	33,725	33,896

Promoter holding up 0.16 percentage points since Sep 2023.

Mr. NARRINDRA SURANNAExecutive Director-Chairperson related to Promoter-MD
Mr. DDEV SURANAExecutive Director-CEO
Mr. RAJESH KOTHARIExecutive Director
Mr. SAMIR KUMAR DUTTANon-Executive - Independent Director
Mrs. MAMTA BINANINon-Executive - Independent Director
Tanvi GoenkaCompany 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 Ddev Plastiks 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

30

Annual reports

5

Credit ratings

1

Please find attached the intimation of reaffirmed credit rating by CRISIL Ratings Limited vide its letter dated 17.07.2026.17 Jul 2026 from CRISIL

Investor Presentation and earnings call

5

Aug 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

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

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

28 Sept 2026, 6:52 pmCorp. Action

Corporate Action-Board approves Dividend

Dividend/AGM PDF

28 Sept 2026, 6:47 pmCorp. Action

Announcement under Regulation 30 (LODR)-Dividend Updates

Dividend Updates PDF

28 Sept 2026, 6:31 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

28 Sept 2026, 6:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

28 Sept 2026, 6:04 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

22 Sept 2026, 5:55 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

1 Sept 2026, 12:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 4:18 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

Date	Category	Subject	Filing
28 Sept 2026, 6:52 pm	Corp. Action Dividend/AGM	Corporate Action-Board approves Dividend	PDF
28 Sept 2026, 6:47 pm	Corp. Action Dividend Updates	Announcement under Regulation 30 (LODR)-Dividend Updates

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Ddev Plastiks 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

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Dividends7

Board meetings1

Bonus issues1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

7

1

1