Company Overview

Ddev Plastiks Industries Limited (Scrip Code: 543547, CIN: L24290WB2020PLC241791) submitted its Annual Report for FY 2025-26 and notice of 6th Annual General Meeting scheduled for September 26, 2026, pursuant to SEBI Regulation 34(1). The company is engaged in manufacturing polymer compounds used primarily in wire and cable, footwear, packaging, and automotive industries.

Financial Performance (FY 2025-26)

  • Revenue from Operations: ₹2,947.87 crore (13% YoY growth from ₹2,603.32 crore)
  • Net Profit: ₹201.82 crore (9% YoY growth from ₹185.50 crore)
  • EBITDA: ₹320 crore (12% YoY growth)
  • Export Revenue: ₹717.9 crore (30% YoY growth)
  • Production Volume: 2,01,370 MT (6% YoY growth)
  • Earnings Per Share (EPS): ₹19.50 (FY25: ₹17.93)
  • Net Worth: ₹1,013 crore (21% YoY growth)
  • ROCE: 30%, ROE: 20%
  • Market Capitalization (as on 31st March 2026): ₹1,959 crore

Dividend Declaration

  • Interim Dividend Paid: ₹0.50 per share (₹51.74 crore total)
  • Final Dividend Recommended: ₹1.25 per share (₹129.35 crore total), subject to shareholder approval
  • Total Dividend for FY26: ₹1.75 per share (₹181.09 crore total)
  • Record Date: September 19, 2026
  • Payment Date: Before October 25, 2026
  • Book Closure: September 20-26, 2026

Operational Highlights

  • Manufacturing Units: 6 plants across West Bengal, Daman & Diu, Dadra & Nagar Haveli, and Bhiwadi (Rajasthan)
  • Installed Capacity: 2,68,400 MTPA (15% YoY increase)
  • Capacity Utilization: 75% in FY26
  • Product Portfolio: 200+ SKUs across 5 categories (Antifab, PVC Compounds, XLPE Compounds, Engineering Plastic Compounds, HFFR Compounds)
  • Geographic Presence: 55+ countries with 23% export volume growth despite geopolitical disruptions
  • Employee Strength: 412 employees (307 per BRSR report with 280 male, 27 female, 1 differently abled)

Strategic Initiatives & Expansion

  • Capacity Expansion: Added 35,000 MTPA capacity during FY26 (25,000 MTPA PVC, 5,000 MTPA HFFR, 5,000 MTPA XLPE)
  • New Facility: Commissioned 48,000 MTPA XLPE plant in Bhiwadi, Rajasthan in April 2026
  • BESS Business Entry: Announced phased 5 GWh Battery Energy Storage Systems facility with Phase I investment of ₹150-200 crore through internal accruals
  • FY27 Capex Guidance: ₹175 crore committed
  • Long-term Vision: ₹5,000 crore revenue from polymer compounding business by FY30; BESS projections of ₹800-900 crore revenue per GWh by FY30

Financial Position & Credit Rating

  • Net Debt-Free: Since Q4 FY24 (Net Debt/Equity: 0.0x)
  • Credit Rating: CRISIL A+/Stable (long term) and CRISIL A1+ (short term)
  • Capex Incurred: ₹100 crore in FY26, including ₹80 crore for Rajasthan XLPE expansion
  • Authorized Share Capital: ₹15.00 crore
  • Paid-up Share Capital: ₹10.35 crore (103,476,664 equity shares)
  • Promoter Holding: 74.99% held by Bbigplas Poly Private Limited

Regulatory Compliance & Governance

  • SEBI Fine: Paid ₹10,000 + GST to BSE and NSE for non-compliance with Regulation 29 (prior intimation of board meeting for interim dividend declaration on February 10, 2026)
  • Board Composition: 6 Directors (3 Executive, 3 Non-Executive Independent including 2 women directors - 33% representation)
  • Key Managerial Personnel: Narrindra Suranna (Chairman & MD), Ddev Surana (Whole Time Director), Arihant Bothra (CFO), Tanvi Goenka (Company Secretary)
  • Committee Meetings: Audit Committee (6), Nomination & Remuneration (2), Stakeholders' Relationship (4), CSR (2), Risk Management (3)
  • Secretarial Audit: Clean report with no qualifications
  • Investor Grievances: 6 complaints received and resolved during FY26; nil pending as of March 31, 2026

ESG & Sustainability Performance

  • CSR Investment: ₹4.22 crore spent on healthcare, education, and livelihood enhancement (exceeding required ₹4.20 crore)
  • Environmental Performance: Total energy consumption 255,849.67 GJ with 2.05% renewable energy; 100% renewable energy at Surangi unit
  • Solar Capacity: 1.7 MW installed, reducing ~80 MT carbon emissions monthly
  • Water Conservation: 65 lakh litres groundwater conserved through ETP/STP recycling; total consumption 89,024.5 KL
  • GHG Emissions: 48,731.90 MT CO2e (Scope 1 & 2)
  • Waste Generated: 2,141.09 metric tonnes
  • Tree Plantation: 500+ trees planted across manufacturing units and schools

Shareholding & Corporate Actions

  • Total Shareholders: 34,625
  • Shareholding Pattern: Promoters 74.99%, Public 25.00%, IEPF 1.65%
  • Escrow Account: 636,655 shares (0.62%) with 907 shareholders yet to claim shares
  • Dematerialized Shares: 100% of shares in demat form
  • Saksham Niveshak Campaign: Participated in IEPFA's 100-day campaign to help shareholders claim unpaid dividends and update KYC details

Auditor's Report & Tax Matters

  • Auditor: B. Mukherjee & Co. provided unmodified opinion
  • Key Audit Matters: Inventory existence and valuation (₹391.96 crore); Revenue recognition (₹2,947.87 crore)
  • Tax Disputes: Income tax demand of ₹2.19 crore for AY 2022-23 and ₹0.02 crore for AY 2023-24 under appeal with CIT(A)

AGM Details & Investor Services

  • AGM Date: September 26, 2026 at 11:30 AM IST through VC/OAVM
  • Location: Registered Office at 2B, Pretoria Street, Kolkata – 700071
  • RTA: MUFG Intime India Private Limited
  • Depositories: NSDL, CDSL
  • Annual Report Dissemination: To members as on August 21, 2026