ALFA Finder| Revenue growth | 14% YoY growth; 11% QoQ decline due to one-time inventory liquidation. |
|---|---|
| Margins | Basic chemical margins hit by PVC volatility; specialty margins stable at 29%. |
| Demand visibility | Resilient domestic demand in infrastructure, housing, and water management. |
| Management confidence | Cautiously optimistic; focusing on normalized VCM supply and specialty expansion. |
Growth
Specialty chemicals grew 38% YoY, partially offsetting a 14Cr EBITDA loss in basic chemicals.
Outlook
Expects FY27 to end better than FY26; targeting 300Cr steady-state EBITDA.
Risks
West Asia supply disruptions for VCM and removal of import duties severely pressured PVC margins.
Last quarter's promises, checked
Delivered
- Repay 130Cr scheduled debt → Net debt reduced significantly (= BEAT)
- Commission 10KT C-PVC last phase → Completed/Commercialized (= BEAT)
- Specialty volume growth → C-PVC volumes up 59% (= BEAT)
Partly delivered
- Targeting 300Cr FY27 EBITDA → Currently off-track due to Q1 basic chem loss (= PARTIAL)
Missed
- Basic chemical margins to stay elevated → 14Cr EBITDA loss (= MISS)
- PVC/C-PVC spreads to normalize → Wiped out by VCM crisis (= MISS)
Earnings Call Transcript filed with BSE, NSE: DCW. Summary written with AI assistance from the document.
DCW Ltd: key numbers
- Share price
- ₹47.97
- Market cap
- ₹1,416 Cr
- Revenue (annual)
- ₹2,144 Cr
- Net profit (annual)
- ₹48.17 Cr
- P/E (TTM)
- 20.9×Sector 35.1×
- Promoter holding
- 45.59%+0.00% QoQ
- FII holding
- 5.34%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from DCW Ltd
All →DCW Capital Structure Change
DCW bought back 87,226 equity shares on November 13, 2026, at an average price of Rs 47.70 through the open market. Cumulative shares bought back now total 11,92,684.
- Value
- ₹0.42 Cr
DCW Promoter Buying (Off-Market)
DCW promoters gifting 1,09,54,611 shares (3.71%) among immediate relatives. Inter-se transfer consolidates joint demats into individual holdings with no consideration paid.
DCW Legal & Regulatory
The Madras High Court Madurai Bench dismissed the Government's writ appeal over DCW's land allotment. No settlement amount or financial impact is quantified.
DCW Capital Structure Change
DCW Ltd bought back 2,00,000 shares on NSE on 11 November 2026 for about Rs.0.96 Crore at an average Rs.47.84. Cumulative buyback stands at 9,05,458 shares.
- Value
- ₹0.96 Cr
DCW Capital Structure Change
DCW bought back 94,660 equity shares on November 9, 2026, at an average price of ₹47.68 under its open-market buyback. Cumulative shares bought back now total 7,05,458.
- Value
- ₹0.45 Cr
DCW Capital Structure Change
DCW Ltd bought back 1,75,000 shares on NSE on 06 November 2026 at an average Rs.47.01, worth Rs.0.82 Crore. Cumulative buyback stands at 6,10,798 shares.
- Value
- ₹0.82 Cr