Dhabriya Polywood Secures ₹130.5 Million Order From M3M Group

Ashik Bothra - Mumbai Bureau Jun 22, 2026 1,450 Views

Dhabriya Polywood Limited has clinched an institutional work order worth ₹130.5 million from the M3M Group for architectural and interior supplies. The contract strengthens Dhabriya’s B2B order book, reinforcing its strategy to deliver turnkey uPVC and engineered material solutions to top-tier Indian real estate developers.

JAIPUR, INDIA — Dhabriya Polywood Limited, a prominent manufacturer of polyvinyl chloride (PVC) and unplasticized polyvinyl chloride (uPVC) products, has announced that one of its key business units has secured a new domestic work order valued at ₹130.5 million (₹13.05 crore) from the luxury real estate developer M3M Group. The regulatory disclosure confirms that the transaction represents standard, arm's-length business operations that will expand the company's project-focused footprint across major Indian metropolitan areas.

The contract comes amidst a broader uptick in infrastructure and real estate development in India, which has driven sustained demand for modular interiors, architectural openings, and eco-friendly building alternatives. Dhabriya Polywood, which recently posted its audited consolidated financial results for the prior fiscal year, continues to transition from a retail-heavy network to high-value B2B institutional partnerships.

Supply and Installation Timeline Structured Across Phases

According to the official exchange filing submitted to the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the project involves the supply and execution of specialized architectural installations across M3M Group's ongoing real estate portfolio. The entire order is slated to be fulfilled in multiple sequential tranches, ensuring a steady stream of revenue acknowledgment over the project’s execution timeline.

While the exact operational duration for this specific allocation has not been fully detailed, typical enterprise contracts secured by the company span between 12 to 18 months. Analysts note that adding marquee property developers like M3M Group which commands a vast luxury residential and commercial footprint mitigates long-term client concentration risks for the vendor.

Transition to Institutional and Project-Focused Segments

Historically recognized for its flagship PVC profile extrusion vertical, which supplies over 700 dealers nationwide, Dhabriya Polywood has shifted substantial capital and production capacity toward its project-focused operations. The turnkey uPVC windows, doors, and modular furniture segments now collectively provide structural solutions to blue-chip property firms, including DLF, Adani, Godrej, and M3M.

This contract follows several recent procurement wins for the supplier. In early 2026, the company recorded a major aluminum door, window, and facade project valued at ₹348.1 million, followed by an incremental ₹80.6 million contract for dedicated domestic uPVC window solutions. The accumulation of these agreements underscores an ongoing structural shift where premium brand positioning, material durability, and a 30-year operational trust cycle are translating into consistent corporate backlogs.

Official Sources Section

The financial parameters and compliance checklists for the project have been validated via corporate disclosures published by the company's compliance cell.

Filing Authority: Bombay Stock Exchange (BSE)
Compliance Protocol: SEBI LODR Regulation 30
Attesting Executive: Sparsh Jain, Company Secretary and Compliance Officer

Executive and Organizational Position

"According to officials, neither the company's promoters, promoter groups, nor associated group firms maintain any equity stake or vested interest in the entity awarding the contract. The contract strictly constitutes a domestic business transaction executed within regular market competition parameters."

Why It Matters

For investors and real estate market observers, this contract highlights the rising adoption of premium polymers and sustainable structural materials over traditional timber and un-engineered metals. For end-consumers and property buyers, the inclusion of institutional-grade uPVC and synthetic panels ensures heightened thermal insulation, fire retardancy, and prolonged structural lifespan in high-density premium developments.

Key Facts at a Glance

Total Project Evaluation: Valued at ₹130.5 million (₹13.05 crore) inclusive of standard tax duties.
Awarding Entity: Real estate developer M3M Group.
Fulfillment Strategy: To be completed in structured tranches aligned with construction progress milestones.
Regulatory Clearance: Fully compliant under SEBI listing regulations; classified as a non-related party transaction.

FAQ Section

What products does Dhabriya Polywood specialize in?

The firm manufactures engineered wood-plastic composites (WPC), premium PVC profiles, uPVC doors and windows, structural aluminum facades, and integrated modular furniture solutions for corporate and residential real estate sectors.

Will this order impact the company's immediate financial earnings?

Yes, the revenue from the ₹130.5 million project will be incrementally realized across multiple financial quarters as tranches are executed and delivered to M3M Group sites.

Where are Dhabriya Polywood's primary operational focus markets?

While headquartered in Jaipur, the company's B2B structural turnkey operations extend across India's North and South zones, alongside dedicated installations across metropolitan hubs like Mumbai, Pune, and Goa.

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