What we do Ddev Plastiks Industries Ltd is India's largest listed manufacturer of polymer compounds, producing diverse plastic compounds for cable, automotive, electrical, and packaging sectors across five plants in India. |
Founded in 1,985 |
Market share Holds approximately 33% market share in XLPE compounds and 50% in Sioplas; largest supplier of cable compounds in India. |
Problem solved Provides specialized polymer compounds enhancing durability, safety, and efficiency in electrical cables, automotive parts, packaging, and consumer goods industries. |
Top clients or who we serve Serves major Indian and global firms in wires and cables, packaging, automotive, construction sectors; primarily B2B clientele including top cable manufacturers. |
Key management Experienced leadership including Chairman and MD Narrindra Suranna, CEO Ddev Surana with global education and expertise leading innovation and growth. |
Our journey and innovations Established in 1985; expanded via acquisitions and new plants; pioneering Water Tree Retardant XLPE and Halogen-Free Flame Retardant compounds; continuous capacity expansions. |
Where we operate Operational across India with plants in West Bengal, Daman & Diu, and Dadra & Nagar Haveli; exports to over 55 countries. |
Top products or what we offer Wide range of polymer compounds including XLPE, PVC, HFFR for cables, engineering plastics, master batches, footwear and pipe compounds. |
Top brands Sioplas XLPE compounds (#1 in India), HFFR compounds (key growth driver), PVC and engineering plastic compounds; flagship products for cable industry. |
Raw materials needed Key raw materials include various polymers like polyethylene (PE), polyvinyl chloride (PVC), fillers, additives, and specialty chemicals. |
Raw materials supplier Sourced from leading domestic and international polymer manufacturers ensuring cost-effective and quality supply. |
Recurring vs cyclical contribution Revenue is mostly recurring from polymer compound sales across stable sectors like cables, construction, and automotive. |
Our industry position Market leader in cable compounds with strong competitive position due to diverse product portfolio, large capacity, and R&D capabilities. |
Financial highlights FY25 revenue Rs.26,033 Cr with PAT Rs.1,855 Cr; 9MFY26 revenue Rs.21,820 Cr; consistent 9% CAGR revenue growth and 46% PAT growth over 5 years. |
Geographical revenue split Domestic revenues constitute ~73%, exports about 27%; export revenues growing strongly with 33% yoy rise in 9MFY26. |
Order book - |
Whats driving growth Growth driven by rising demand in electrical cables, renewable energy, construction, government infrastructure projects, and entry into Battery Energy Storage Systems. |
Our future plans Expand capacity in PVC, HFFR and XLPE compounds; enter Battery Energy Storage Systems manufacturing; invest in R&D and capital expenditure funded internally. |
Our green promise Installed solar panels reducing carbon footprint; initiatives in rainwater harvesting and tree plantation; active CSR programs in community nutrition and health. |
Our people and values Over 400 employees focused on innovation, safety, and inclusive work culture; emphasis on ethical conduct and sustainable business practices. |
Key challenges ahead Raw material price volatility, intense competition from unorganized sector and imports, and managing technological risks in product development. |
Interesting facts Only Indian producer with UL certifications for some products; pioneered manufacture of high voltage PE cable compounds and WTR XLPE insulation. |
Risks and strategy Mitigates risks via stringent sourcing, strong R&D, diverse product mix, export insurance, robust internal controls, and ongoing compliance with environmental and safety regulations. |
