1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
DCW Ltd.

DCW Ltd.

41.16
INR
-0.72
(-1.72%)
2.43EPS
19.51P/E
14.00BMarket Cap
DCW Ltd.
NSE:DCW
(National Stock Exchange of India)

Recent

price

41.16

P/E

ratio

19.51

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
53.92
60.01
63.92
62.79
56.71
57.14
53.21
53.41
60.91
53.3
55.88
93.82
88.99
63.06
67.77
72.63
75.34
Revenue per Share
1.47
1.55
5.05
1.81
-0.27
0.78
0.92
-0.91
-0.19
-1.12
0.15
4.12
6.5
0.53
1.02
1.63
2.43
Basic EPS, GAAP
-1.6
-3.53
-2.91
-4.52
-0.97
0.86
5.73
1.67
11.49
6.45
7.65
5.34
4.73
5.37
4.93
9.42
- -
Free Cash Flow per Basic Share
0.36
0.36
0.35
0.36
0.34
- -
0.01
0.01
0.01
- -
- -
- -
0.6
0.3
- -
0.2
- -
Dividend per Share
20.14
21
25.16
26.53
28.23
28.89
29.8
28.74
28.58
25.97
26.33
30.72
34.73
34.96
34.99
36.42
- -
Book Value per Share
20.14
20.91
25.16
26.53
28.23
28.89
29.8
28.74
28.58
25.97
26.33
30.72
34.73
34.96
34.99
36.42
- -
Tangible Book Value per Share
196
197
208
210
220
220
220
221
221
238
261
261
295
295
295
295
293
Basic Weighted Avg Shares
10,577
11,841
13,278
13,173
12,458
12,552
11,688
11,804
13,460
12,702
14,587
24,490
26,265
18,612
20,003
21,436
22,100
Sales/Revenue/Turnover
6.27
6.42
14.8
8.36
2.52
7.84
6.62
3.5
7.24
6.49
8.39
10.14
13.45
4.57
4.66
5.49
4.46
Operating Margin (%)
476
510
529
510
520
690
679
878
834
872
874
885
902
938
999
1,038
1,051
Depreciation Expense
289
307
1,049
379
-59
171
201
-202
-43
-268
38
1,075
1,920
157
301
482
713
Net Income, GAAP
19.44
32.83
34.61
27.43
- -
36.05
19.45
- -
- -
- -
72.26
24.95
30.04
38.21
38.82
35.44
- -
Effective Tax Rate (%)
2.73
2.59
7.9
2.88
-0.48
1.36
1.72
-1.71
-0.32
-2.11
0.26
4.39
7.31
0.84
1.5
2.25
3.23
Profit Margin (%)
175
-1,307
-942
-1,381
-2,348
-2,923
-3,687
-3,725
-4,496
-2,624
-1,301
111
1,881
771
592
42
- -
Working Capital
3,307
2,997
3,877
5,878
5,674
5,550
4,800
4,788
3,836
4,674
5,237
4,438
3,824
2,830
2,183
998
- -
LT Debt
3,951
4,265
5,278
5,565
6,026
6,347
6,547
6,351
6,315
6,778
6,872
8,018
10,251
10,317
10,327
10,748
- -
Total Equity
7.56
3.78
11.67
3.49
- -
1.21
4.18
- -
- -
- -
2.63
14.58
19.37
3.43
3.9
5.38
- -
Return on Invested Capital (%)
7.56
7.01
11.73
5.04
- -
3.51
4.42
- -
- -
- -
2.7
14.06
19.08
3.68
4.86
6.25
- -
Return on Capital (%)
7.51
7.47
21.98
6.99
-1.02
2.77
3.12
-3.13
-0.67
-4.09
0.56
14.44
21.02
1.52
2.91
4.57
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,902
- -
LT Borrowings
- -
881
- -
LT Finance Leases
- -
117
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
295
295
295
Market Capitalization
17,205
11,077
14,002

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
7,167
- -
Cash, Cash Equivalents & STI
- -
2,207
- -
Accounts Receivable, Net
- -
1,420
- -
Inventories
- -
3,094
- -
Total Current Liabilities
- -
7,125
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,902
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.76%
9.87%
4.08%
Free Cash Flow
114.05%
13.25%
91.05%
Net Income, GAAP
302.43%
574.64%
60.19%
Sales/Revenue/Turnover
7.8%
12.13%
7.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,995
4,887
4,742
5,379
20,003
2026
4,755
5,392
5,198
6,091
21,436
2027
5,419
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.23
-0.04
0.45
0.38
1.02
2026
0.39
0.47
0.17
0.61
1.63
2027
1.17
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.2
2027
- -
- -
- -
- -
- -
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Business
DCW Limited functions as a prominent chemical manufacturing enterprise within India. It operates across distinct business areas, including Basic Chemicals, Intermediate Chemicals, and high-value Specialty Chemicals like Chlorinated Polyvinyl Chloride (C-PVC) and Synthetic Iron Oxide Pigment (SIOP), where it holds a significant market position. The company offers a broad array of products such as soda ash, caustic soda, poly vinyl chloride, liquid chlorine, hydrochloric acid, trichloroethylene, synthetic rutile, and various iron oxides. With production facilities situated in Dhrangadhra, Gujarat, and Sahupuram, Tamil Nadu, DCW serves both domestic and international markets, exporting its offerings to numerous countries across North America, Europe, and Asia. Recently, the company has completed an expansion of its C-PVC capacity and is advancing with a solar power project, demonstrating its commitment to growth and operational efficiency. Established in 1925, the firm was initially known as Dhrangadhra Chemical Works Limited and is headquartered in Mumbai, India.