Ddev Plastiks enters BESS manufacturing with ₹150 Cr investment, targets ₹800-900 Cr revenue from 1 GW capacity.
Ddev Plastiks is entering BESS manufacturing with ₹150 Cr CAPEX, targeting ₹800-900 Cr revenue from 1 GW capacity by FY28. The company also expanded HFFR/PVC capacity by 30,000 MTPA for ₹50 Cr. Q3 FY26 revenue grew 11% to ₹733 Cr, with PAT at ₹48 Cr. Nine-month FY26 revenue rose 17% to ₹2,182 Cr, PAT at ₹147 Cr. Exports reached ₹196 Cr in Q3 FY26.
The entry into BESS manufacturing represents a significant diversification and a substantial new revenue stream with high growth potential. The capital expenditure and revenue targets indicate a material impact on the company's future financial performance.
The company is making significant strategic investments in a high-growth sector (BESS) and expanding existing capacities, which are positive developments. Strong financial performance in the quarter and for the nine months further supports a positive sentiment.
Ddev Plastiks Industries Limited has announced its entry into the Battery Energy Storage Systems (BESS) manufacturing sector, a strategic move to capitalize on the growing renewable energy market.
The company plans to commence operations through an assembly business model with a Greenfield plant scheduled to be operational in the second half of FY27. This expansion will involve a Phase-1 capital expenditure of approximately ₹150 crores, entirely funded through internal accruals. The initial plant capacity will be 5 gigawatts, with the first gigawatt expected to generate revenues in the range of ₹800-900 crores. This new segment will be a distinct reporting segment, projected to contribute around 20% to the company's overall revenue.
In addition to the BESS venture, Ddev Plastiks has also expanded its production capacities in halogen-free flame-retardant (HFFR) compounds and PVC compounds. An additional 30,000 metric tons per annum capacity has been commissioned, funded by internal accruals at a cost of ₹50 crores, increasing the total installed capacity for HFFR to 10,000 metric tons per annum and for PVC to 69,000 metric tons per annum. The company highlighted that it is the only listed player in India manufacturing HFR compounds.
Financially, for the third quarter of FY26, Ddev Plastiks reported revenue from operations of approximately ₹733 crores, an 11% year-on-year growth. EBITDA stood at ₹80 crores with an 11% margin, and Profit After Tax (PAT) was approximately ₹48 crores, delivering a 7% margin. For the nine months of FY26, revenue from operations reached approximately ₹2,182 crores, a 17% year-on-year growth. EBITDA was ₹234 crores with an 11% margin, and PAT was approximately ₹147 crores, a 7% margin.
The company also reiterated its commitment to achieving a revenue target of ₹5,000 crores by FY30, with exports expected to contribute 20%-25%. Exports for Q3 FY26 grew strongly to ₹196 crores, representing 27% of total revenue, and for the 9 months FY26, exports reached around ₹523 crores, a 33% year-on-year growth.
The transcripts of the earnings call held on February 10, 2026, for Q3 FY26 have been submitted.
What to do with a filing like this
Ddev Plastiks Industries Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Ddev Plastiks Industries Limited. Read the original for the full detail.