Ddev Plastiks is well poised to benefit from healthy demand outlook of domestic wires and cables industry. Given promising outlook by the management, the brokerage have marginally increased out net sales/PAT estimates by 4%/6% for FY27E.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
IDBI Capital has maintained a Buy stance on DDev Plastiks Industries Ltd. while revising the target price to Rs 410 from Rs 387, driven by better earnings visibility and industry tailwinds..
Q1 FY26 performance was robust, with a 13% rise in volumes and 10% increase in NSR contributing to a 23% YoY growth in revenue to Rs 7.7 billion. PAT rose to Rs 522 million with stable margins.
The firm sets out an ambitious revenue target of Rs 4,500–5,000 crore by FY30, banking on strong polymer demand from power and infrastructure sectors.
Margin profile remains healthy with Ebitda margins stabilizing near 10% and Ebitda/ton reaching Rs 15,304, demonstrating pricing strength and cost controls.
The report identifies Ddev as a near-monopoly in specialized polymers, underpinning its unique positioning and pricing power in niche markets.
A strategic capex plan includes adding over 130,000 tons in capacity over three years, with sizeable additions in HFFR, PVC, and XLPE to meet growing demand.
Sales from wire and cable customers make up 81% of the company's revenue mix, tying business prospects directly to India's capex boom in power and infra.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
