DCW

NSE: DCW · Petrochemicals

52W Range₹37 ₹81

Snapshot

Unlock DCW's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

DCW Limited is a diversified Indian chemical manufacturing company established in 1925. It operates across multiple segments including Soda Ash, Caustic Soda, PVC, SIOP, and C-PVC, producing a wide range of industrial chemicals and specialty products.

Business Model

The company generates revenue through the large-scale manufacturing and sale of heavy chemicals and specialty products to various industrial sectors. It serves both domestic Indian markets and international clients through exports.

  • Founded:1925
  • Headquarters:Mumbai, India

Growth Outlook

Growth is driven by the demand for its diverse chemical portfolio, including PVC and specialty iron oxide products, across various industrial applications. The company continues to leverage its established manufacturing infrastructure to maintain its market position.

Key Risks

  • Commodity Price Volatility. The company's profitability is sensitive to fluctuations in the prices of raw materials and global chemical commodity cycles.
  • Regulatory and Environmental Compliance. As a chemical manufacturer, the company faces stringent environmental regulations and the risk of operational disruptions due to compliance requirements.
  • Input Cost Inflation. Rising energy and feedstock costs can significantly impact operating margins in the heavy chemical manufacturing sector.
  • Cyclical Demand. The demand for products like PVC and Soda Ash is closely linked to the performance of the broader industrial and construction sectors.

Price

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Key Metrics

REVENUE

₹2,144 Cr

TTM · standalone

+7.2%YoY

NET PROFIT

₹48 Cr

TTM · standalone

+59.1%YoY

EPS

₹1.64

TTM · standalone

+59.2%YoY

RETURN ON EQUITY

4.6%

TTM · standalone

+1.7 ppYoY

RETURN ON CAPITAL EMPLOYED

9.6%

TTM · standalone

+1.7 ppYoY

P/E

28.6x

Q4 FY26 · standalone

28.6 vs 38.5x5Y avg

EV/EBITDA

7.0x

Q4 FY26 · standalone

7.0 vs 6.9x5Y avg

EBITDA MARGIN

11.2%

TTM · standalone

+0.4 ppYoY

NET PROFIT MARGIN

3.0%

Q4 FY26 · standalone

+0.9 ppYoY

DEBT TO EQUITY

0.3x

Q4 FY26 · standalone

-0.12xYoY

Peers · Petrochemicals

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
DCWDCW
1,18028.627.017.2%11.2%4.6%9.6%-38.7%
Rain Industries Ltd.RAIN
3,58223.846.1614.4%14.8%6.0%10.8%+42.1%
T N Petro Prod.TNPETRO
7538.746.70-19.7%11.2%10.4%12.7%-11.8%
Manali PetrochemMANALIPETC
7488.396.0014.0%12.7%11.4%13.2%-6.9%
Agarwal Indl.AGARIND
56017.517.83-31.1%8.2%6.8%10.1%-45.2%
Pasupati AcrylonPASUPTAC
3877.584.9762.6%11.9%18.3%21.3%+16.8%

As of Q4 FY26

Financials