DMCC SPECIALITY CHEMICALS LIMITED has informed the Exchange about Transcript
DMCC · price
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DMCC reported Q4 FY26 revenue of INR 177 crores (up from INR 150 crores in Q3) and full-year FY26 revenue of INR 582 crores. The company faced significant sulfur supply disruptions due to the Middle East crisis, with the Strait of Hormuz (handling 50% of global sulfur trade) being severely impacted. The Roha plant ran at approximately 60% capacity for about 15 days in March due to raw material shortages, while Dahej operated normally. Revenue increases were largely due to pass-through of higher raw material costs, with absolute margins maintained though percentage margins declined. Working capital increased substantially due to higher inventory values and receivables, with short-term borrowings expanding significantly. The company has replaced most lost European specialty chemicals business with sales in Latin America, China, and Japan. New specialty products in boron and polymer applications for enhanced oil recovery have started commercial sales.
The stock faces headwinds from elevated sulfur prices and supply chain volatility, though the company has successfully passed on cost increases. Working capital pressure and higher interest costs will continue to impact near-term profitability. Investors should monitor specialty chemical mix improvement and new product commercialization.