| Revenue growth | 14% YoY |
|---|---|
| Margins | EBITDA margins at 6.61%, impacted by PVC realizations/VCM costs. |
| Demand visibility | Strong for C-PVC and SIOP segments. |
| Management confidence | High regarding Specialty Chemicals shift and net cash positive goal. |
Growth
Revenue grew 14% YoY driven by 38% growth in Specialty Chemicals. PAT surged 202.6% YoY to INR 345 Mn.
Outlook
Planned INR 250 Cr capex for SIOP capacity enhancement (15,000 MT) and power plant efficiency, targeting completion by Q4-FY28.
Risks
VCM non-availability due to West Asia crisis, elevated VCM prices, and temporary suspension of PVC import duties impacting margins.
Last quarter's promises, checked
Delivered
- Guided 10KT C-PVC expansion by March-end → delivered commercialization in Q1 (= BEAT)
- Guided Net Debt-Free by FY27 → delivered Net Debt of INR 71 Cr / Net Cash Positive trajectory (= BEAT)
- Guided Rs. 130 Cr debt repayment → delivered Rs. 145 Cr repayment (= BEAT)
Partly delivered
- Guided Rs. 25-30 Cr power savings → delivered Rs. 23-24 Cr (= PARTIAL)
Missed
- Guided Rs. 400 Cr EBITDA target → delivered Rs. 240 Cr (FY26) due to price erosion (= MISS)
Investor Presentation filed with BSE, NSE: DCW. Summary written with AI assistance from the document.
DCW Ltd: key numbers
- Share price
- ₹48.72
- Market cap
- ₹1,438 Cr
- Revenue (annual)
- ₹2,144 Cr
- Net profit (annual)
- ₹48.17 Cr
- P/E (TTM)
- 20.2×Sector 37.5×
- Promoter holding
- 45.59%+0.15% QoQ
- FII holding
- 6.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from DCW Ltd
All →DCW Annual General Meeting
DCW Ltd held its 87th Annual General Meeting on September 26, 2026. This filing summarizes the proceedings and agenda items transacted by the members.
DCW Annual General Meeting
DCW Ltd scheduled its 87th Annual General Meeting for September 26, 2026. The book closure and record date for dividend eligibility are also announced.
DCW Legal & Regulatory
DCW Limited received a favorable Income Tax order resulting in a Rs. 11.99 Crore reduction in tax liability and contingent liability.
- Value
- ₹11.99 Cr
DCW Earnings Call Transcript: Key Takeaways
DCW reported a difficult Q1 FY27, with revenue up 14% YoY but down 11% QoQ as a PVC crisis wiped out basic chemical margins.
DCW Q1 FY27 Results: Net Profit ₹34.5 Cr, Up 202.6% YoY
DCW Ltd reported revenue from operations of ₹541.9 Cr (+14.0% YoY) and net profit of ₹34.5 Cr (+202.6% YoY) for Q1 FY27.
- Key figure
- Net profit ₹34.5 Cr · +202.6% YoY
DCW Earnings Call: Key Takeaways
DCW Ltd reported a steady FY26 with EBITDA up 11% and PAT up 60%, driven by record volumes in specialty chemicals despite pricing pressures and global volatility.