DCW Ltd

DCW Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

DCW Ltd

₹ 49.6 -2.92%
11 May - close price
dcwltd.com BSE: 500117 NSE: DCW
About

DCW Ltd is engaged in manufacture and sale of a diverse range of products with a focus on commodity chemicals, specialty chemicals and intermediate products.[1]

It was started as Dhrangadhra Chemical Works in 1939 when it took over the India's first Soda Ash facility at Dhrangadhra which was established in 1925.[2]

Key Points

Business Segments
1) Poly Vinyl Chloride (PVC) (35% in 9M FY25 vs 51% in FY22): [1] [2] The company produces PVC, a white powder, from Vinyl Chloride Monomer by the suspension polymerization process. PVC is used extensively in the insulation of cables and pipes, windows and profiles, flooring tiles, etc. [3] [4] The segment's revenue dropped 44% from FY22 to FY24, primarily due to lower volumes and reduced realizations caused by pricing pressures. However, it recorded a modest 1.5% YoY growth in 9M FY25. [5] [6]

Website BSE NSE
  • Market Cap ₹ 1,465 Cr.
  • Current Price ₹ 49.6
  • High / Low ₹ 87.3 / 37.1
  • Stock P/E 30.4
  • Book Value ₹ 36.4
  • Dividend Yield 0.20 %
  • ROCE 9.69 %
  • ROE 4.57 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 7.92% over past five years.
  • Company has a low return on equity of 3.05% over last 3 years.
  • Dividend payout has been low at 7.33% of profits over last 3 years
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Petrochemicals

Part of BSE Commodities BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
588 438 414 398 622 500 489 474 538 476 539 520 609
489 387 373 378 558 454 453 417 482 422 481 475 544
Operating Profit 99 51 42 19 63 45 35 57 56 54 58 45 65
OPM % 17% 12% 10% 5% 10% 9% 7% 12% 10% 11% 11% 9% 11%
4 4 4 3 6 6 6 5 6 4 5 5 6
Interest 19 17 19 18 20 17 18 16 16 15 16 16 15
Depreciation 23 23 23 24 24 25 25 25 25 25 26 26 26
Profit before tax 62 15 4 -19 25 10 -2 20 21 18 21 8 28
Tax % 43% 35% 41% -35% 38% 34% -30% 34% 45% 36% 34% 35% 36%
35 10 3 -12 15 7 -1 13 11 11 14 5 18
EPS in Rs 1.20 0.34 0.09 -0.42 0.52 0.23 -0.04 0.45 0.38 0.39 0.47 0.17 0.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,253 1,263 1,176 1,187 1,353 1,277 1,464 2,455 2,634 1,872 2,000 2,144
1,187 1,113 1,029 1,061 1,190 1,130 1,255 2,127 2,205 1,695 1,806 1,922
Operating Profit 66 150 147 126 163 147 209 328 429 177 194 222
OPM % 5% 12% 13% 11% 12% 12% 14% 13% 16% 9% 10% 10%
-0 3 2 6 3 8 11 17 61 16 23 19
Interest 19 58 57 93 104 107 120 113 126 74 67 62
Depreciation 52 69 68 88 83 87 87 89 90 94 100 104
Profit before tax -5 27 25 -49 -22 -40 14 143 274 25 49 75
Tax % 24% 36% 19% -59% -80% -33% 72% 25% 30% 38% 39% 35%
-6 17 20 -20 -4 -27 4 108 192 16 30 48
EPS in Rs -0.28 0.78 0.92 -0.91 -0.19 -1.03 0.15 4.12 6.50 0.53 1.03 1.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 10% 8% 0% 10% 12%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: -7%
TTM: 7%
Compounded Profit Growth
10 Years: 11%
5 Years: 66%
3 Years: -33%
TTM: 60%
Stock Price CAGR
10 Years: 5%
5 Years: 8%
3 Years: 2%
1 Year: -34%
Return on Equity
10 Years: 4%
5 Years: 7%
3 Years: 3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 43 44 44 44 44 52 52 52 59 59 59 59
Reserves 517 591 611 591 587 626 635 750 966 973 974 1,016
780 847 770 814 683 605 624 556 508 439 427 290
507 481 528 455 504 550 564 546 530 618 718 724
Total Liabilities 1,847 1,963 1,952 1,904 1,819 1,834 1,875 1,903 2,063 2,089 2,178 2,089
635 1,260 1,531 1,471 1,534 1,467 1,407 1,352 1,296 1,312 1,270 1,304
CWIP 849 367 122 124 7 12 4 8 60 41 56 22
Investments 0 0 0 0 0 0 0 0 0 20 27 20
363 336 299 309 278 354 464 543 708 716 825 744
Total Assets 1,847 1,963 1,952 1,904 1,819 1,834 1,875 1,903 2,063 2,089 2,178 2,089

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
69 123 223 57 285 170 218 178 226 252 191 278
-87 -100 -95 -13 -45 -43 -78 52 -165 -99 -112 -63
19 -23 -128 -44 -241 -119 -99 -192 -139 -153 -78 -221
Net Cash Flow 1 -1 -0 0 -0 8 41 38 -78 1 1 -7
Free Cash Flow -20 22 126 37 255 154 200 141 140 162 117 192
CFO/OP 112% 83% 157% 45% 175% 117% 104% 61% 64% 150% 103% 124%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 28 34 25 26 20 21 24 17 18 22 18 24
Inventory Days 87 100 83 96 66 102 82 63 97 139 143 96
Days Payable 155 137 167 106 149 186 144 76 78 125 129 122
Cash Conversion Cycle -40 -3 -59 16 -63 -63 -38 5 38 37 32 -1
Working Capital Days -70 -85 -115 -116 -126 -89 -63 -15 3 -18 -30 -34
ROCE % 1% 6% 6% 3% 6% 5% 10% 18% 25% 7% 8% 10%

Insights

In beta
Mar 2016 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Installed Capacity - CPVC
MTPA

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Installed Capacity - SIOP
MTPA
Capacity Utilization - SIOP
%
Capacity Utilization - Soda Ash
%
Installed Capacity - Caustic Soda
MTPA
Installed Capacity - Soda Ash
MTPA
Capacity Utilization - CPVC
%
Installed Capacity - PVC
MTPA
Capacity Utilization - Caustic Soda
%
Capacity Utilization - PVC
%
Captive Power - Renewables integration
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.10% 45.10% 45.10% 44.08% 44.86% 44.86% 44.86% 44.87% 44.81% 44.62% 45.14% 45.44%
7.99% 8.43% 7.87% 7.25% 7.35% 11.25% 11.35% 10.82% 10.05% 9.18% 8.57% 6.71%
0.01% 0.11% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
46.90% 46.35% 47.01% 48.65% 47.77% 43.87% 43.77% 44.31% 45.12% 46.18% 46.27% 47.84%
No. of Shareholders 93,7321,07,4691,20,5421,52,8881,43,6231,12,8411,11,8271,09,4301,09,2561,08,3891,08,4301,07,475

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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