About Ddev Plastiks Industries Limited

Ddev Plastiks Industries Limited was incorporated in 2020 and is one of India’s foremost manufacturers of polymer compounds, with a legacy built through its group companies since 1985. Headquartered in Kolkata, the company has emerged as a leader in polymer compounding with operations spanning five high-growth categories: Antifab, PVC Compounds, XLPE Compounds, Engineering Plastic Compounds, and Halogen-Free Flame Retardants. Its portfolio of over 200 SKUs caters to industries such as construction, wire & cable, packaging, automotive, footwear, and engineering.

The company operates five state-of-the-art manufacturing units located in Daman & Diu, Dadra & Nagar Haveli, and West Bengal, with a combined annual production capacity of 2,33,400 MT. Its strategically positioned plants near ports ensure operational efficiency and low logistics costs. Ddev Plastiks exports to over 55 countries and has a strong presence across Asia, Africa, the Middle East, Europe, and Latin America.

The company was listed on the Bombay Stock Exchange earlier and achieved a major milestone by listing on the National Stock Exchange of India in January 2025, improving its visibility, liquidity, and access to capital. As of March 31, 2025, Ddev Plastiks reported revenue of Rs 2,603 crore, PAT of Rs 185 crore, and employed over 400 professionals across operations, R&D, and corporate functions.

Ddev Plastiks Industries Limited’s Business Segments

The company operates under a single business segment:

• Polymer Compounds Manufacturing and Supply

Revenue breakdown by product category in FY25:

• Poly Vinyl Chloride (PVC): 84.44%

• Polyethylene: 12.27%

• Others (PP, Polycarbonate, ABS, Compostable compounds): 3.29%
  

Ddev Plastiks Industries Limited’s Key Management

The key management team includes:

• Mr. Narrindra Suranna, Chairman & Managing Director

• Mr. Ddev Surana, Whole-Time Director

• Mr. Arihant Bothra, Whole-Time Director

• Mr. Samir Kumar Dutta, Independent Director

• Mrs. Mamta Binani, Independent Director

• Mrs. Ramya Hariharan, Independent Director

• Mr. Rajesh Kothari, Independent Director

• Mrs. Tanvi Goenka, Company Secretary

• Mr. Ashok Kumar Daga, Secretarial Auditor

• Mr. Pravin Agarwal, Chief Financial Officer

Latest Updates on Ddev Plastiks Industries Limited

• Financial Performance: Revenue rose to Rs 2,603 crore in FY25 compared to Rs 2,431 crore in FY24. PAT stood at Rs 185 crore with an EBITDA of Rs 287 crore. EPS improved to Rs 17.93.

• NSE Listing: The company was successfully listed on the NSE in January 2025, boosting investor confidence and market visibility.

• Dividend: Board recommended a final dividend of Rs 1.75 per share (175%) for FY25.

• Capacity Expansion: Announced a Rs 300 crore capex plan over FY25–FY27 to expand HFFR capacity to 20,000 MTPA and PE capacity to 25,000 MTPA.

• R&D Achievements: Developed India’s first indigenously produced Water Tree Retardant (WTR) XLPE compound, validated at VDE Laboratory in Germany. Advanced development of 132 KV and 220 KV cable compounds is underway.

• Exports: Continued strong global presence in 55+ countries, contributing significantly to growth despite geopolitical disruptions.

• Credit Rating: Maintained CRISIL A+/Stable for long-term and CRISIL A1+ for short-term facilities.

• Governance: Strengthened compliance with SEBI LODR regulations and appointed new independent directors in FY25.