TPL Plastech vs Haldyn Glass vs Dhabriya Polywood: Which Stock Should You Track

TPL Plastech vs Haldyn Glass vs Dhabriya Polywood starts with the core numbers most investors compare within the plastics and glass products segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the plastics and glass products bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

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TPL Plastech, Haldyn Glass and Dhabriya Polywood: Company Overview

TPL Plastech is a listed Indian company in the plastics and glass products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 532 crore, a return on equity of 17.21% and a book value of Rs 21.65 per share. Its quarterly revenue moved from Rs 90.42 crore in June 2025 to Rs 124.40 crore in June 2026, a change of +37.6%.

Haldyn Glass is a listed Indian company in the plastics and glass products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 755 crore, a return on equity of 10.58% and a book value of Rs 43.58 per share. Its quarterly revenue moved from Rs 115.15 crore in June 2025 to Rs 139.58 crore in June 2026, a change of +21.2%.

Dhabriya Polywood is a listed Indian company in the plastics and glass products space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 509 crore, a return on equity of 23.26% and a book value of Rs 119.73 per share. Its quarterly revenue moved from Rs 62.23 crore in June 2025 to Rs 68.44 crore in June 2026, a change of +10.0%.

TPL Plastech vs Haldyn Glass vs Dhabriya Polywood: Valuation and Profitability Snapshot

Metric	TPL Plastech	Haldyn Glass	Dhabriya Polywood
Market Cap (approx.)	Rs 532 crore	Rs 755 crore	Rs 509 crore
PE Ratio (TTM)	17.67	25.50	15.68
PB Ratio	3.15	3.22	3.93
Return on Equity (ROE)	17.21%	10.58%	23.26%
EPS (TTM, Rs)	3.86	5.51	29.99
Dividend Yield	1.91%	0.50%	0.15%
Debt to Equity	0.11	0.49	0.59
Book Value per Share (Rs)	21.65	43.58	119.73

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On valuation, TPL Plastech trades at a PE of 17.67 and a PB of 3.15, Haldyn Glass at a PE of 25.50 and a PB of 3.22, while Dhabriya Polywood trades at a PE of 15.68 and a PB of 3.93. On return on equity, the three post 17.21%, 10.58% and 23.26% respectively, and on dividend yield they stand at 1.91%, 0.50% and 0.15%. Haldyn Glass has the highest market capitalisation of the three at Rs 755 crore, while Dhabriya Polywood has the lowest at Rs 509 crore. Haldyn Glass has the highest PE ratio of the three at 25.50, while Dhabriya Polywood has the lowest at 15.68. Dhabriya Polywood has the highest return on equity of the three at 23.26%, while Haldyn Glass has the lowest at 10.58%. Dhabriya Polywood has the highest debt to equity ratio of the three at 0.59, while TPL Plastech has the lowest at 0.11. Debt to equity is 0.11, 0.49 and 0.59 for the three respectively.

TPL Plastech vs Haldyn Glass vs Dhabriya Polywood: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
TPL Plastech	Rs 124.40 crore	Rs 6.52 crore	+37.6%	+9.0%	+19.2%
Haldyn Glass	Rs 139.58 crore	Rs 10.26 crore	+21.2%	+27.2%	+90.0%
Dhabriya Polywood	Rs 68.44 crore	Rs 8.86 crore	+10.0%	-3.1%	+35.5%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

TPL Plastech vs Haldyn Glass vs Dhabriya Polywood: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in TPL Plastech vs Haldyn Glass vs Dhabriya Polywood, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	TPL Plastech	Haldyn Glass	Dhabriya Polywood
June 2025	Rs 90.42 crore	Rs 115.15 crore	Rs 62.23 crore
September 2025	Rs 106.89 crore	Rs 119.98 crore	Rs 67.19 crore
December 2025	Rs 111.24 crore	Rs 127.75 crore	Rs 65.95 crore
March 2026	Rs 114.13 crore	Rs 109.77 crore	Rs 70.61 crore
June 2026	Rs 124.40 crore	Rs 139.58 crore	Rs 68.44 crore

Quarterly net profit (Rs crore)

Quarter	TPL Plastech	Haldyn Glass	Dhabriya Polywood
June 2025	Rs 5.47 crore	Rs 5.40 crore	Rs 6.54 crore
September 2025	Rs 6.85 crore	Rs 6.80 crore	Rs 7.61 crore
December 2025	Rs 8.69 crore	Rs 5.27 crore	Rs 7.66 crore
March 2026	Rs 8.05 crore	Rs 7.31 crore	Rs 8.33 crore
June 2026	Rs 6.52 crore	Rs 10.26 crore	Rs 8.86 crore

TPL Plastech reported revenue of Rs 90.42 crore in June 2025 and Rs 124.40 crore in June 2026, a change of +37.6% across the period. Its highest quarterly revenue in this window was Rs 124.40 crore in June 2026. Net profit stood at Rs 6.52 crore in June 2026, which is a net profit margin of 5.24%.

Haldyn Glass reported revenue of Rs 115.15 crore in June 2025 and Rs 139.58 crore in June 2026, a change of +21.2% across the period. Its highest quarterly revenue in this window was Rs 139.58 crore in June 2026. Net profit stood at Rs 10.26 crore in June 2026, which is a net profit margin of 7.35%.

Dhabriya Polywood reported revenue of Rs 62.23 crore in June 2025 and Rs 68.44 crore in June 2026, a change of +10.0% across the period. Its highest quarterly revenue in this window was Rs 70.61 crore in March 2026. Net profit stood at Rs 8.86 crore in June 2026, which is a net profit margin of 12.95%.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three plastics and glass products names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as polymer and fuel costs, seasonal demand, export orders and capacity additions. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of TPL Plastech, Haldyn Glass and Dhabriya Polywood directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

TPL Plastech vs Haldyn Glass vs Dhabriya Polywood highlights how differently three companies in the same plastics and glass products segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on TPL Plastech vs Haldyn Glass vs Dhabriya Polywood

What is the market cap difference between TPL Plastech, Haldyn Glass and Dhabriya Polywood?

Ans. As of October 2026, TPL Plastech has a market cap of approximately Rs 532 crore, Haldyn Glass is at approximately Rs 755 crore, and Dhabriya Polywood is at approximately Rs 509 crore.

What are the PE and PB ratios of TPL Plastech, Haldyn Glass and Dhabriya Polywood?

Ans. As of October 2026, the PE ratios stand at 17.67, 25.50 and 15.68 respectively, and the price to book ratios stand at 3.15, 3.22 and 3.93 respectively.

Which of the three has the highest ROE?

Ans. TPL Plastech, Haldyn Glass and Dhabriya Polywood post ROE of 17.21%, 10.58% and 23.26% respectively as of October 2026. Dhabriya Polywood has the highest return on equity of the three at 23.26%, while Haldyn Glass has the lowest at 10.58%.

Which of these three stocks pays the highest dividend yield?

Ans. TPL Plastech, Haldyn Glass and Dhabriya Polywood carry dividend yields of 1.91%, 0.50% and 0.15% respectively.

What is the debt to equity ratio for TPL Plastech, Haldyn Glass and Dhabriya Polywood?

Ans. TPL Plastech carries a debt to equity of 0.11, Haldyn Glass of 0.49, and Dhabriya Polywood of 0.59.

What were the latest quarterly revenue and net profit of TPL Plastech, Haldyn Glass and Dhabriya Polywood?

Ans. For Q1 FY27 (quarter ended June 2026), TPL Plastech reported revenue of Rs 124.40 crore and net profit of Rs 6.52 crore, Haldyn Glass reported revenue of Rs 139.58 crore and net profit of Rs 10.26 crore, and Dhabriya Polywood reported revenue of Rs 68.44 crore and net profit of Rs 8.86 crore.

Does this comparison recommend one of TPL Plastech, Haldyn Glass and Dhabriya Polywood?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.