IPO Plus

₹444.3

▼ -22.55 -4.83%

As of 23 Oct 2026 · delayed

NSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-08-21
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-08-21

Dhabriya Polywood Ltd. (DHABRIYA)

Volume: 10,282Avg Vol 1W: 7,188Avg Vol 1M: 10,886.552W Range:₹443.55₹603
Market Cap₹476 Cr
Current Price₹444.3
Previous Close₹466.85
High / Low (52w)₹603 / ₹443.55
Volume10,282
Avg Vol (1W)7,188
Avg Vol (1M)10,886.5
Stock P/E15.8
Book Value₹119.73
Dividend Yield16%
ROE23.26%
ROA13.36%
Revenue (TTM)₹236 Cr
Revenue Growth—
Profit Margin11.39%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹27.85
P/B3.68
Debt / Equity0.58
50 DMA₹502.95
200 DMA₹502.95
Day change-4.83%
SurveillanceESM · ESM 1
Price Chart
₹444.3▼ 11.91% · 1Y
₹587₹4441.2L
2026-08-17
2026-10-23

20-day avg volume: 11K shares

Pros
  • Healthy return on equity of 23.3%.
  • Pays a dividend yield of 16.0%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹58 Cr₹55 Cr₹63 Cr₹62 Cr₹67 Cr₹66 Cr₹70 Cr₹68 Cr
EBITDA₹7 Cr₹7 Cr₹8 Cr₹10 Cr₹11 Cr₹12 Cr₹13 Cr₹13 Cr
Net Profit₹4 Cr₹4 Cr₹5 Cr₹7 Cr₹8 Cr₹8 Cr₹8 Cr₹9 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹236 Cr₹34 Cr₹34 Cr₹37 Cr₹36 Cr₹40 Cr₹266 Cr₹38 Cr
EBITDA₹29 Cr₹4 Cr₹4 Cr₹6 Cr₹6 Cr₹7 Cr₹46 Cr₹6 Cr
Net Profit₹18 Cr₹2 Cr₹2 Cr₹4 Cr₹4 Cr₹4 Cr₹30 Cr₹3 Cr
EPS16.65—————27.85—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹115 Cr₹115 Cr₹117 Cr₹130 Cr₹145 Cr₹165 Cr₹181 Cr₹226 Cr
Total Liabilities₹68 Cr₹64 Cr₹62 Cr₹70 Cr₹76 Cr₹82 Cr₹81 Cr₹96 Cr
Equity₹46 Cr₹50 Cr₹55 Cr₹60 Cr₹69 Cr₹82 Cr₹100 Cr₹130 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹10 Cr₹14 Cr₹9 Cr₹12 Cr₹16 Cr₹35 Cr₹22 Cr₹15 Cr
Investing₹-5 Cr₹-4 Cr₹-8 Cr₹-7 Cr₹-13 Cr₹-20 Cr₹-12 Cr₹-26 Cr
Financing₹-2 Cr₹-8 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-10 Cr₹-5 Cr₹17 Cr
Free Cash Flow₹10 Cr₹14 Cr₹9 Cr₹12 Cr₹16 Cr₹35 Cr₹22 Cr₹15 Cr
Shareholding
Promoter 67.75% Institutions 7.52% Public 24.73%
Efficiency & Working Capital
ROCE22.4%
Interest Coverage8.5
Dividend Payout—
Debtor Days44 d
Inventory Days96 d
Payable Days1 d
Cash Conversion Cycle139 d
Working Capital Days140 d
Shareholding Details

As of 2026-09-30

Promoter67.8%
FII1.5%
DII6%
Institutions7.5%
Public24.7%
Promoter Pledge0%
No. of Shareholders7,270
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters67.8%67.8%67.8%67.8%67.8%67.8%67.8%67.8%67.8%67.8%67.8%67.8%
FIIs0%0%0%0%0%1.5%1.5%1.5%1.5%1.5%1.5%1.5%
DIIs0%0.6%0.5%0%0%0.4%0.4%0.4%0.4%0.4%0.4%6%
Public32.2%31.6%31.7%32.2%32.2%30.4%30.4%30.4%30.4%30.4%30.3%24.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,2354,7335,5747,3857,7707,3537,4867,5477,4177,2357,0327,270
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Digvijay DhabriyaShareholding of Promoter and Promoter Group60%64,92,238
Abakkus Venture Opportunities FundPublic Shareholding5.6%6,01,341
Anita DhabriyaShareholding of Promoter and Promoter Group4.3%4,70,226
Digvijay Dhabriya HufShareholding of Promoter and Promoter Group3.1%3,30,331
Meru Investment Fund Pcc-cell 1Public Shareholding1.5%1,63,016
Gaurav JainPublic Shareholding1.2%1,32,897
Prateek JainPublic Shareholding1%1,10,000
Sandhya HiranShareholding of Promoter and Promoter Group0.3%32,500
Usha JainShareholding of Promoter and Promoter Group0.1%8,500
Board of Directors
NameDesignationYear
Digvijay DhabriyaChairman / Executive Director / M D / Promoter2025
Anita DhabriyaWTD & Executive Director2025
Mahendra KarnawatE D & Wholetime Director2025
Shreyansh DhabriyaE D & Wholetime Director2025
Vijay Kumar JhaIndependent Non Exe. Director2025
Ami Lal MeenaIndependent Non Exe. Director2025
Anil SoniIndependent Non Exe. Director2025
Sonika GuptaIndependent Non Exe. Director2025
Sparsh JainCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10131111
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-12Board Meetings—
dividend2025-09-23₹0.7 (7%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202610002012
2026200002
2026300205
Substantial Acquisitions (SAST)

1 disclosure(s)

Market23/07/2026 · 6,01,341
Company Information
Incorporated1992
ChairmanDigvijay Dhabriya
AuditorNarendra Sharma & Co
🌐 www.polywood.org ↗

📍 B-9D(1), Malviya Industrial Area, Jaipur, Rajasthan, 302017

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