| Revenue growth | Q2 +22.9% YoY; H1 +18.7% YoY |
|---|---|
| Margins | Q2 EBITDA margin 7.17%, down 359 bps YoY |
| Demand visibility | Specialty CPVC volumes up; Soda Ash weak post-flood |
Growth
Q2 Specialty revenue +31.5% YoY, Basic +19.9%; Q2 EBITDA -18.1%. H1 PAT +78.2% on tax credit; PBT -62.8%.
Outlook
No numeric guidance. SIOP expansion 15,000 MT (Phase I 7,000 MT Q4-FY28); INR 250 Cr capex over 2-3 years.
Risks
CPVC price erosion, contracting PVC–CPVC spreads, elevated ocean freight to North America; Soda Ash utilisation 68% after flood disruption.
Last quarter's promises, checked
Delivered
- Guided Basic Chemicals breakeven in Q2 → Basic turned profitable QoQ (= BEAT)
Partly delivered
- Guided PVC environment 'more constructive' → PVC realisations improved, CPVC prices eroding (= PARTIAL)
Missed
- Guided VCM–CPVC margin maintained → PVC–CPVC spread contracting; Specialty EBITDA -33.2% YoY (= MISS)
- Guided FY27 closing above FY26 → EBITDA Q1 -28%, Q2 -18.1% YoY; H1 PBT -62.8% (= MISS, FY open)
Investor Presentation filed with BSE, NSE: DCW. Summary written with AI assistance from the document.
DCW Ltd: key numbers
- Share price
- ₹45.08
- Market cap
- ₹1,331 Cr
- Revenue (annual)
- ₹2,144 Cr
- Net profit (annual)
- ₹48.17 Cr
- P/E (TTM)
- 19.6×Sector 34.1×
- 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 Limited's board approved an open-market buyback of up to 68.97 lakh shares at Rs 58 each. The maximum buyback size is Rs 40 Crore.
- Value
- ₹40.00 Cr
DCW Q2 FY27 Results: Net Profit ₹10.4 Cr, Down 24.6% YoY
DCW Ltd reported revenue from operations of ₹662.9 Cr (+22.9% YoY) and net profit of ₹10.4 Cr (-24.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹10.4 Cr · -24.6% YoY
DCW Board Meeting Date
DCW Ltd intimates a board meeting on October 29, 2026 to approve Q2 unaudited results and consider a share buyback. The trading window is closed until 48 hours after the meeting.
DCW Other Announcement
DCW Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI Listing Regulations.
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.