Ddev Plastiks Industries Ltd. share price target

DDev Plastiks Industries Ltd.'s (DDEVPLAS) Q4FY26 result was in-line with our estimates on key parameters. The core polymer compounding business grew 13% YoY driven by robust domestic demand from the wires and cables sector, despite navigating macroeconomic disruptions. EBITDA increased 12% YoY to Rs2,870mn for FY26, maintaining operating margin at 11% by offsetting rising operating costs through commercial adjustments and operating leverage. The management provided a volume guidance of 231,000 MTPA for FY27E and the projected revenue growth for the polymer segment is guided at 13% for FY27, with management maintaining a...

DDev Plastiks Industries Ltd.'s (DDEVPLAS) Q4FY26 result was in-line with our estimates on key parameters. The core polymer compounding business grew 13% YoY driven by robust domestic demand from the wires and cables sector, despite navigating macroeconomic disruptions. EBITDA increased 12% YoY to Rs2,870mn for FY26, maintaining operating margin at 11% by offsetting rising operating costs through commercial adjustments and operating leverage. The management provided a volume guidance of 231,000 MTPA for FY27E and the projected revenue growth for the polymer segment is guided at 13% for FY27, with management maintaining a...

DDev Plastiks Industries Ltd (DDEVPLAS) reported a healthy Q3FY26 earnings which was above our estimates on key parameters. The management guided that the wire and cable industry is expected to grow at nearly twice India's GDP rate, supported by transmission line additions, electrification, smart cities, railways, and data centre investments, structurally lifting long-term demand for polymer compounds. The company plans to progressively move up the voltage curve in XLPE compounds, targeting certifications beyond 132 kV over time, which could unlock higher-margin opportunities in transmission and export-heavy applications. Further, the company...

DDev Plastiks Industries Ltd (DDEVPLAS) reported a healthy Q2FY26 earnings which was broadly in-line with our estimates on key parameters. The management guided that the demand in the wire and cable sector remained resilient despite a weak monsoon quarter; heavy rains slowed cable-laying activity, impacting industry volumes temporarily. Strong structural drivers viz electrification, infrastructure buildout, and renewable energy growth are expected to accelerate polymer compound demand ahead. On export front, the momentum weakened due to US tariff hikes, but management indicated signs of revival in demand from US customers over the last 45 days. The company reiterated the domestic demand outlook to remain strong...

DDev Plastiks Industries Ltd (DDEVPLAS) reported a robust Q1FY26 earnings on key parameters. The company reported 9% YoY increase in NSR at Rs148/Kg, while sales volume increased by ~13% YoY to 51,733MT. The management remains committed to its long-term objective, targeting volume growth of approximately 10-15% and revenue growth of 12-13%. On a conservative basis, the company aims to achieve a revenue of about Rs4,500crs- Rs5,000crs by FY30. We believe DDEVPLAS is well poised to benefit from healthy demand outlook of domestic wires and cables industry. Given promising outlook by the...

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