| 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
- ₹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
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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.
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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 Investor Presentation: Key Takeaways
DCW reported Q1FY27 revenue of INR 5,419 Mn (up 14% YoY) and PAT of INR 345 Mn. Strategy focuses on shifting towards high-margin Specialty Chemicals (C-PVC, SIOP).
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.