| Revenue growth | 14% YoY |
|---|---|
| Margins | EBITDA margins at 6.61%, impacted by PVC realizations/VCM costs. |
| Demand visibility | Strong for C-PVC and SIOP segments. |
| Management confidence | High regarding Specialty Chemicals shift and net cash positive goal. |
Growth
Revenue grew 14% YoY driven by 38% growth in Specialty Chemicals. PAT surged 202.6% YoY to INR 345 Mn.
Outlook
Planned INR 250 Cr capex for SIOP capacity enhancement (15,000 MT) and power plant efficiency, targeting completion by Q4-FY28.
Risks
VCM non-availability due to West Asia crisis, elevated VCM prices, and temporary suspension of PVC import duties impacting margins.
Last quarter's promises, checked
Delivered
- Guided 10KT C-PVC expansion by March-end → delivered commercialization in Q1 (= BEAT)
- Guided Net Debt-Free by FY27 → delivered Net Debt of INR 71 Cr / Net Cash Positive trajectory (= BEAT)
- Guided Rs. 130 Cr debt repayment → delivered Rs. 145 Cr repayment (= BEAT)
Partly delivered
- Guided Rs. 25-30 Cr power savings → delivered Rs. 23-24 Cr (= PARTIAL)
Missed
- Guided Rs. 400 Cr EBITDA target → delivered Rs. 240 Cr (FY26) due to price erosion (= MISS)
Investor Presentation filed with BSE, NSE: DCW. Summary written with AI assistance from the document.
DCW Ltd: key numbers
- Share price
- ₹46.60
- Market cap
- ₹1,375 Cr
- Revenue (annual)
- ₹2,144 Cr
- Net profit (annual)
- ₹48.17 Cr
- P/E (TTM)
- 19.3×Sector 36.8×
- 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.
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