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NSE:DCW

DCW LTD

Chemicals › Chemicals & Petrochemicals
₹43.47
at close · 28 Oct 2026
▲ 1.16 (+2.74%)

Latest filings

Next results: Thu, 29 Oct · Financial Results/Other business matters
  1. DCW schedules investor call for Q2 FY27 results · Board & Shareholder Meetings
  2. DCW to review Q2 results and consider share buyback on October 29 · Results
  3. Inter-se gift transfer among DCW promoter group, aggregate stake unchanged · Ownership Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures basic and specialty chemicals including caustic soda, soda ash, PVC, C-PVC, and synthetic iron oxide pigments. The Basic Chemicals segment accounted for 71.8% of segment revenue at Rs.1,538 crore in FY26 but generated Rs.0.42 crore of segment EBIT, while Speciality Chemicals contributed 27.6% at Rs.592 crore but delivered Rs.132 crore of segment EBIT, indicating specialty products carry the bulk of profitability. C-PVC capacity was expanded from 20,000 tons to 50,000 tons during FY26, commissioned on time and within budget, and the company reported record sales volumes in C-PVC, synthetic iron oxide pigment, and synthetic rutile. PVC manufacturing is exposed to VCM feedstock from the Middle East, where the West Asia conflict has disrupted supply chains and pushed up input costs temporarily. Raw materials accounted for 49.7% of revenue and other operating expenses 26.4%, making this a materials-intensive, asset-heavy business. Gross debt was reduced by Rs.150 crore to Rs.276 crore in FY26, with net debt at Rs.71 crore and management guiding to net debt-free status by FY27.

Revenue mix · reported segments
Basic Chemicals71.8%
Speciality Chemicals27.6%
Others0.6%
Operating scale
C-PVC capacity
50,000 tons per annumFY26
FY26 revenue
Rs.2,144 crore (+7.2% YoY)FY26
FY26 EBITDA
Rs.240 crore (+11% YoY)FY26
Net debt
Rs.71 crore (gross debt Rs.276 crore)FY26
Caustic soda realisations
~$400/tFY26
Soda ash import price
~$250/tFY26
Who pays it
Industrial buyers in housing, infrastructure, water management, agriculture, paints, and pigments.
Biggest cost
Raw materials at 49.7% of revenue.
Kind of business
Asset-heavy chemicals with commodity exposure to Chinese imports and a specialty segment that drives most of the profit.
Where it sits
A mid-sized Indian chemicals manufacturer listed on NSE and BSE whose specialty chemicals segment contributes a disproportionate share of profit versus revenue.
Market Cap
₹1,283 Cr
P / E (TTM)
18.0×
EV / EBITDA
7.1×
Div Yield
0.46%
Growth
7.9%▲
Revenue 5y CAGR
PAT +66.2% · EBITDA +1.7%
Quality
9.9%·
ROCE (5y median)
ROE 4.5% (5y median) · margin 11.2%
Leverage
0.29·
Debt / Equity · low
Net debt ₹305 Cr
Revenue FY21→FY26
1.5×▲
Margin +2.0 pts
₹1,464 Cr → ₹2,144 Cr
Cash conversion
2.86×▲
Operating cash ÷ profit · 5 yrs
₹1,125 Cr on ₹394 Cr
Moves on a normal day
1.82%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 13 Petrochemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#8/12
P/B#7/11
ROCE#8/14
ROE#8/11
Debt / Equity#8/11
EBITDA margin#7/12
Revenue growth#7/12
Profit growth#3/13

Scorecard

Measured from the filed financials, judged against its Petrochemicals peers · as of FY26 — not investment advice

Strengths
Profit compounding 66% a year over 5 years
Over 5 years it reported ₹394 Cr of profit and ₹1,125 Cr of operating cash — 2.86×
Profit is converting into cash
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

DCW · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from DCW LTD's filed financials and exchange disclosures

What does DCW LTD do?

DCW LTD is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol DCW.

Is DCW LTD profitable?

Yes. Over the trailing twelve months DCW LTD reported a net profit of ₹71 Cr on revenue of ₹2,210 Cr.

Does DCW LTD pay a dividend?

Yes. The dividend yield is 0.46% at the current price. It paid out 12% of its profit as dividend in FY26.

Is DCW LTD debt-free?

No. It reported borrowings of ₹310 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹305 Cr after cash. Debt stands at 0.29× equity. That is higher than 70% of its 11 Petrochemicals peers.

Is DCW LTD expensive compared with its peers?

On trailing P/E, DCW LTD ranks 8 of 12 in Petrochemicals — cheaper than 36% of them, against an industry median of 13.4×. This is a position, not a valuation judgement.

How much does the DCW LTD share price move in a day?

On a typical session DCW LTD moves 1.82% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are DCW LTD's next results?

Financial Results/Other business matters on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track DCW LTD's announcements?

Every NSE and BSE filing by DCW LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.