DOMS Industries Ltd(DOMS)

NSE: DOMSBSE: 544045

₹ 1,863-4.45%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 11,306 crWebsite: www.domsindia.comUpdated: 24 Oct 2026

About

DOMS Industries Ltd is an Indian manufacturer of stationery and hygiene products, selling under the DOMS and Reynolds brands across scholastic, office and art categories. The company reported consolidated revenue of ₹2,326.4 Cr in FY26, growing 21.6% year-on-year. It distributes through 1,45,000+ retail outlets across India and exports to 55+ countries, with FILA Group (Italy) as a strategic shareholder and distribution partner.^[1]

Business segments

Stationery Products contributed 91.3% of segment revenue (₹2,123.61 Cr) in FY26, covering scholastic stationery, art materials, office supplies, kits and combo packs.^[2]
Hygiene Products (Uniclan subsidiary) contributed 8.7% of segment revenue (₹203.1 Cr) in FY26, covering baby diapers and wet wipes.^[2]
Stationery Products EBIT margin was 15.4% in FY26; Hygiene Products EBIT margin was 3.5% in FY26.^[2]

Products and brands

DOMS describes itself as one of India's leading branded stationery and art materials companies, with over 50 years of experience (FY25 annual report).^[3]
Core DOMS brand covers scholastic stationery (pencils, erasers, sharpeners), scholastic art, office supplies (ball pens, examination pens, highlighters, stamp pads), and kits and combo packs.^[1]
Reynolds brand targets the office and professional segment in the ₹10 - ₹100 pen price range; manufacturing to commence from the new 50+ acre facility in Q2 FY27.^[4]
Uniclan brand covers baby hygiene products; more than 90% of Uniclan sales are diapers, with wet wipes building gradually as of Q3 FY26.^[5]
In FY2023 DOMS held ~12% share of the Indian stationery market, with 29% share in pencils and 30% in instrument boxes.^[6]

Manufacturing and capacity

Over 95% of products are manufactured in-house, with most components made through backward integration (FY25).^[3]
Existing manufacturing footprint is approximately 2 mn sq ft; a 50+ acre greenfield at Umbergaon is expected to roughly double total footprint to ~4 mn sq ft when fully built out.^[1]
Pencil capacity is 5.8 mn units/day as of FY26, targeted to rise to 8 mn/day as the 50+ acre facility's pencil line comes online.^[1]
Pen (ballpoint + examination) capacity reached ~5 mn units/day by end of FY26, up from 3 - 3.25 mn/day in Q2 FY26.^[7]
Reynolds personnel and machinery from the Chennai plant have been fully moved to Umbergaon as of Q1 FY27.^[4]
First in-house tip/nib plant (Swiss-imported machinery) is being commissioned at the new facility as of Q1 FY27; target is 30 - 40% of tip/nib needs made in-house.^[4]

Key operating numbers

Domestic volumes were positive in Q1 FY27 alongside a 4 - 5% average selling price increase.^[4]
Gross profit margin was 38.2% in Q1 FY27, down ~390 bps from 42.1% in Q1 FY26, driven by ~20% average raw material price inflation linked to West Asia disruptions.^[4]
Gross profit margin was 43.6% in FY26 versus 43.5% in FY25.^[1]
Export share was ~12% of gross product sales in Q1 FY27; FY26 export mix was 12.5%, down from 13.9% in FY25.^[4]
Uniclan revenue was ₹203 Cr in FY26 (+23% YoY), with EBITDA margin of 8.6% for the full year.^[1]

Customers and distribution

Domestic distribution reached 1,45,000+ retail outlets and 6,250+ distributors as of Q1 FY27.^[4]
DOMS exports to 55+ countries as of Q1 FY27; FILA Group acts as international distribution partner, enabling first-time sales to Chile, Mexico, Canada, Turkey, South Africa and Australia.^[4]
The Pen & Stationery Association of India named DOMS No. 1 Exporter for the third consecutive time (FY25 annual report).^[3]
West Asia (approximately 2% of sales) remains disrupted as of Q1 FY27, causing longer transit times and shipment deferrals.^[4]
FILA-related intercompany exports were lower than expected in FY26 due to US tariffs and weak European demand.^[1]

Expansion and capex

First building (~300,000 sq ft) at the 50+ acre greenfield is targeted for commercial production by end of Q2 FY27 (pencils, pens, erasers); ~₹100 Cr capex was deployed at the site in Q1 FY27.^[4]
The 50+ acre facility is planned across 9 production buildings over approximately 3 years from FY26; total project capex is guided at ₹850 - 1,000 Cr.^[1]
FY27 capex is planned at ₹250 - 275 Cr; FY26 capex was ₹292.8 Cr versus the original ₹225 - 250 Cr budget.^[1]
A 50-50 JV with Seven SpA (a FILA Group company) is being formed to make premium backpacks, bags and pencil cases at Umbergaon; combined initial investment up to ₹15 Cr.^[5]
Total area under operations increased by 0.5 million square feet during FY25.^[3]

Recent developments

Reynolds integration completed in Q1 FY27; Reynolds manufacturing under DOMS is targeted to contribute ~10% of group revenues by FY29.^[4]
Raw material basket averaged ~20% price inflation in Q1 FY27; crude-derivative inputs are approximately 40% of the basket.^[4]
Uniclan recorded high growth in modern trade, e-commerce and quick commerce in Q1 FY27; the business is seasonally stronger from Q2.^[4]
On June 1, 2025, DOMS acquired 51% of Super Treads Pvt. Ltd., a notebook OEM supplier in Siliguri, West Bengal, to strengthen its East India presence.^[3]
CRISIL upgraded DOMS's rating from 'CRISIL A/Stable' to 'CRISIL A+/Positive' (FY25 annual report).^[3]
A Shareholders Agreement with FILA and the Indian promoters became effective from May 07, 2025.^[3]

Market Cap

₹11,306 Cr

High / Low

₹2,704 / 1,861

Stock P/E

52.0

Price / Book

9.3

Book Value

₹201

EPS

₹37.9

No. of Shares

6.07 Cr

ROCE

24.6%

ROE

20.7%

OPM

14.2%

Debt / Equity

0.07

Sales

₹2,326 Cr

Net Profit

₹240 Cr

Promoter holding

63.4%

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DOMS Industries Ltd(DOMS)

About

Business segments

Products and brands

Manufacturing and capacity

Key operating numbers

Customers and distribution

Expansion and capex

Recent developments

Signal history

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