Dhabriya Polywood lands ₹10.90 cr order from Arasa, Radiance
The uPVC window and door deal is 2.78% of market cap, exceeding the ₹5 crore materiality threshold, and provides 9-24 months revenue visibility.
— 7 earlier stories on Dhabriya Polywood Ltd. →What's new
- Received LOI worth ₹10.90 cr from Arasa Projects and Radiance Realty Group.
- Order is 2.78% of market cap, exceeding the ₹5 cr materiality threshold for nano-caps.
- Execution is over 9-24 months, providing medium-term revenue visibility.
Why this matters
For a nano-cap at ₹392 cr market cap, this order is material — more than double the regulatory threshold. The long execution timeline suggests project-based revenue smoothing, but the LOI status means execution risk remains. This is a genuine order book addition, not a repeat announcement.
What we're watching
- Progress on conversion of LOI to firm order.
- Any follow-on orders from the same clients.
- Impact on order book composition and revenue trajectory over the next two quarters.
The full read
Dhabriya Polywood has secured a ₹10.90 crore work order from Arasa Projects and Radiance Realty Group for uPVC windows and doors. The order, in the form of a Letter of Intent, is meaningful for the nano-cap company: at 2.78% of its ₹392 crore market capitalisation, it exceeds the ₹5 crore materiality threshold for companies of its size. Execution is spread over 9 to 24 months, which should smooth revenue recognition but also carries the usual LOI conversion risk. The order represents genuine commercial traction — it is distinct from prior announcements — and should contribute visibly to the order book. What the company now needs is to convert this LOI into a firm contract and demonstrate steady execution. Given the size relative to Dhabriya's market cap, this could be a modest but positive catalyst if delivered on time.
Dhabriya Polywood Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on DHABRIYA →- 21 May 2026 · 12:47 PM IST Dhabriya Polywood lands ₹10.90 cr order from Arasa, Radiance
- 2d ago Dhabriya Polywood bags ₹18.59 cr order for aluminum doors and windows
- 30d ago Dhabriya Polywood subsidiary bags ₹13.05 cr modular kitchen order from M3M
- 53d ago Dhabriya Polywood guides for 30% annual revenue growth after profit jumps 67%
- 56d ago Dhabriya targets 30% annual growth and is spending ₹100 cr to get there.