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    Manufacturing - Miscellaneous
Dutron Polymers Limited

Dutron Polymers Limited

DUTRON.BO
Dutron Polymers LimitedIN flagBombay Stock Exchange
101.20
INR
-3.80
- -
607.20MMarket Cap
Dutron Polymers Limited
DUTRON.BO
(Bombay Stock Exchange)

Recent

price

101.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
114.51
102.79
139.22
141.79
151.98
174.55
145.5
161.67
177.2
148.6
157.22
207.51
219.81
198.84
173.41
- -
152.74
Revenue per Share
2.31
1.68
1.92
2.08
2.81
3.27
3.05
3.03
3.49
3.28
3.8
4.83
4.3
4.08
4.54
- -
4.48
Basic EPS, GAAP
-8.35
4.16
3.87
0.88
-3.14
1.99
2.33
-8.72
10.91
3.34
9.07
1.27
12.09
7.38
7.18
- -
- -
Free Cash Flow per Basic Share
1.5
1.2
1.4
1.4
1.4
1.4
1.4
1.4
1.4
1.2
1.2
1.4
1.4
1.4
- -
- -
- -
Dividend per Share
10.78
10.81
10.68
10.71
11.05
11.75
12.17
12.68
11.68
14.63
16.69
19.29
21.53
23.29
26.99
- -
9.97
Book Value per Share
22.51
22.86
23.21
23.85
24.25
25.85
27.11
28.45
28.28
32.06
34.96
38.39
41.47
44.07
48.59
- -
51.44
Tangible Book Value per Share
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
- -
6
Basic Weighted Avg Shares
687
617
835
851
912
1,047
873
970
1,063
892
943
1,245
1,319
1,192
1,040
919
919
Sales/Revenue/Turnover
3.65
4.12
3.25
3.23
2.78
3.78
4.61
4.42
3.62
3.96
4.25
3.45
3.56
3.28
5.14
5.63
5.16
Operating Margin (%)
12
13
12
12
12
14
15
10
10
11
11
12
12
11
11
9
9
Depreciation Expense
14
10
12
12
17
20
18
18
21
20
23
29
26
24
27
27
27
Net Income, GAAP
24.18
34.69
37.03
32.03
31.13
29.24
33.52
35.07
25.63
25.21
23.73
20.34
27.96
31.55
23.13
22.98
23.26
Effective Tax Rate (%)
2.02
1.63
1.38
1.46
1.85
1.87
2.1
1.87
1.97
2.21
2.42
2.33
1.96
2.05
2.62
2.94
2.93
Profit Margin (%)
120
114
112
126
153
139
145
288
222
229
242
260
232
252
265
268
268
Working Capital
93
74
59
62
81
75
79
202
142
138
133
134
96
63
47
30
30
LT Debt
137
139
141
143
146
155
163
171
170
192
210
230
249
264
292
310
310
Total Equity
9.38
7.27
7.19
7.47
6.56
9.55
8.54
7.71
7.66
7.77
8.95
9.63
9.53
7.94
12.3
11.65
10.63
Return on Invested Capital (%)
10.41
6.49
7.07
11.14
12.89
13.51
12.1
10.73
12.12
13.13
14.35
15.29
14.52
14.15
15.42
20.18
30.19
Return on Capital (%)
21.42
15.53
17.85
19.42
25.86
28.67
25.54
24.35
28.69
24.93
24.27
26.86
21.07
18.2
18.06
24.36
44.88
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
6
LT Borrowings
32
- -
30
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
- -
6
Market Capitalization
726
657
581

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
314
- -
331
Cash, Cash Equivalents & STI
71
- -
53
Accounts Receivable, Net
102
- -
84
Inventories
141
- -
184
Total Current Liabilities
52
- -
62
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.22%
8.11%
6.18%
Free Cash Flow
0.84%
117.51%
-138.1%
Net Income, GAAP
3.93%
4.3%
-0.77%
Sales/Revenue/Turnover
-0.24%
0.78%
-11.65%
Total Cash Common Dividend
- -
- -
7.14%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
363
273
299
256
1,192
2025
338
195
271
236
1,040
2026
269
194
225
230
919

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.35
0.66
0.86
- -
4.08
2025
2.5
0.56
0.88
0.6
4.54
2026
1.43
0.56
1.67
0.82
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.4
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Dutron Polymers Limited engages in the manufacturing and sale of plastic pipes and related products, primarily in India with export markets in the Gulf countries, Southeast Asia, and Africa. The company offers a comprehensive product portfolio that includes PVC suction hoses; duct hoses; heavy duty hoses; braided hoses such as welding, steel wire reinforced, spray, power, rock drill, water, garden, construction water, super spray, and car washing hoses; flat delivery hoses; uPVC pipes and fittings; casing pipes; fabricated fittings; plumbing systems; agriculture pipes and fittings; submersible column pipes; SWR pipes and fittings; drainage pipes; HDPE pipes and fittings; sprinkler systems; double wall, electrical, and multipurpose corrugated pipes; and water tanks. Dutron also provides installation services and manufactures woven sacks, fabrics, and bags. Founded in 1981 and headquartered in Ahmedabad, India, Dutron has a long history dating back to 1962 as a pioneer in plastic pipe manufacturing in India, including the first PVC suction hoses produced in technical collaboration with Japan’s Totaku Industries. In the last 1-2 years, Dutron Polymers has focused on maintaining steady operations amid fluctuating sales and has made key operational adjustments including appointing a new company secretary and compliance officer, and continuing to engage in financial disclosures and board meetings to strengthen governance. While there are no major new product launches or acquisitions publicly reported in this period, the company sustains its market position through exports to Gulf countries (UAE, Saudi Arabia, Oman, Qatar, Bahrain, Kuwait), Indonesia, Sri Lanka, and several African countries, reflecting a strategic emphasis on international expansion alongside its core Indian market. Dutron remains publicly listed on the BSE since 1994 and continues to leverage its decades of expertise in plastic processing technology to serve industrial, agricultural, and construction sectors with high-quality polymer products. The company operates with an eye on innovation within its core product categories and regional market expansion to reinforce its competitive standing in the plastics piping industry.