DCW Ltd
NSE: DCW · Petrochemicals · sector
₹39.90NSE close 2026-10-26
Key numbers
Market cap₹1,178 cr
Price₹39.90
52w high / low₹72 / ₹37
P/E16.5xSector median 12.9x
P/B1.1xSector median 1.0x
Book value₹36.4
Dividend yield0.51%Sector median 1.04%
ROE6.8%Sector median 7.2%
ROCE8.6%Sector median 8.6%
OPM9.2%Sector median 10.5%
Debt / equity0.29xSector median 0.25x
EV/EBITDA6.3xSector median 6.3x
Interest cover1.9x
Current ratio1.01x
Sales growth 3y-6.6%Sector median -2.2%
Profit growth 3y-36.9%Sector median +9.6%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 13 companies in Petrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹205 cr vs borrowings ₹310 cr (FY26): borrowings are higher by ₹105 cr.
- Borrowings fell in each of the last 3 years (₹505 cr → ₹310 cr).
- Operating profit covered interest 1.9x in the last 12 months.
- 3.82% of the promoters' shares are pledged (1.7% of all shares).
- Promoter holding rose by 0.97 percentage points in a year, to 45.59% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 29% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹39.90 on 2026-10-26: -44.8% from the 52-week high, +7.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹106.40 · low ₹37.49
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 489 | 474 | 538 | 476 | 539 | 520 | 609 | 542 |
| EBITDA | 35 | 57 | 56 | 54 | 58 | 45 | 65 | 36 |
| OPM % | 7.2% | 12.0% | 10.4% | 11.3% | 10.8% | 8.7% | 10.6% | 6.6% |
| Other income | 6 | 5 | 6 | 4 | 5 | 5 | 6 | 6 |
| Net profit | -1 | 13 | 11 | 11 | 14 | 5 | 18 | 35 |
| EPS (₹) | -0.04 | 0.45 | 0.39 | 0.39 | 0.47 | 0.17 | 0.61 | 1.17 |
| Revenue YoY | +10.3% | +9.6% | +13.2% | +14.0% | ||||
| Profit YoY | – | -63.5% | +58.9% | +203.3% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,455 | 2,634 | 1,872 | 2,000 | 2,144 | 2,210 |
| EBITDA | 339 | 475 | 174 | 193 | 222 | 204 |
| Net profit | 108 | 192 | 16 | 30 | 48 | 71 |
| EPS (₹) | 4.12 | 6.50 | 0.53 | 1.03 | 1.63 | 2.42 |
| Revenue growth | +7.3% | -28.9% | +6.9% | +7.2% | +11.8% | |
| Profit growth | +78.6% | -91.8% | +93.4% | +59.1% | +104.1% | |
| Dividend / share (₹) | – | 0.60 | 0.30 | – | 0.20 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -6.6% | +7.9% | +11.8% |
| Net profit | -36.9% | +66.2% | +104.1% |
| EPS | -36.9% | +61.1% | – |
| Share price | – | -36.1% (2y) | -35.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,025 | 1,032 | 1,033 | 1,075 |
| Borrowings | – | 505 | 436 | 426 | 310 |
| Cash & equivalents | – | 168 | 170 | 222 | 205 |
| Total assets | – | 2,063 | 2,089 | 2,178 | 2,089 |
| Fixed assets | – | 1,296 | 1,312 | 1,270 | 1,304 |
| Capital work in progress | – | 60 | 41 | 56 | 22 |
| Investments | – | 0 | 20 | 20 | 20 |
| Receivables | – | 133 | 114 | 99 | 142 |
| Inventory | – | 345 | 377 | 428 | 309 |
| Payables | – | 275 | 337 | 384 | 391 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 178 | 226 | 252 | 191 | 278 |
| Cash from investing | 52 | -165 | -99 | -112 | -63 |
| Cash from financing | -192 | -139 | -153 | -78 | -221 |
| Capex | 38 | 86 | 94 | 76 | 93 |
| Free cash flow | 140 | 140 | 158 | 114 | 185 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.7% | 1.5% | 2.9% | 4.5% |
| ROCE % | – | 26.2% | 6.7% | 8.0% | 9.9% |
| Debtor days | – | 18 | 22 | 18 | 24 |
| Inventory days | – | 97 | 139 | 143 | 96 |
| Payable days | – | 78 | 125 | 129 | 122 |
| Cash conversion cycle (days) | – | 37 | 36 | 32 | -2 |
| Working capital days | – | 26 | 15 | 11 | 1 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 45.59% |
| FIIs | 5.34% |
| DIIs | 0.20% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 48.87% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.87% | 44.81% | 44.62% | 45.14% | 45.28% | 45.44% | 45.59% | 45.59% |
| Promoter group | % |
|---|---|
| Ashish Jain | 10.97% |
| Vivek Shashichand Jain | 7.99% |
| Mudit Jain | 4.14% |
| Paulomi Bakul Jain | 3.14% |
| Durgavati Jain | 3.06% |
| Varsha Sharadkumar Jain | 2.92% |
| Bakul Premchand Jain | 2.40% |
| Namita Jain | 2.27% |
| Meeta Jain | 2.22% |
| Rima Saatvik Jain | 1.85% |
| Sonalika Jain | 1.37% |
| Kishco Private Limited | 0.96% |
| Saatvik Jain | 0.82% |
| Florida Holdings and Trading PVT Ltd | 0.52% |
| Sahu Cylinders & Udyog PVT Ltd | 0.45% |
| Public holders above 1% | % |
|---|---|
| Four Dimensions Securities (India) Ltd | 2.28% |
| Eriska Investment Fund Ltd | 2.21% |
| Radhakrishna Ramnarain PVT Ltd | 1.95% |
| PP Ventures LLP | 1.36% |
| CTL Trusteeship Limited | 1.02% |
1,09,719 shareholders. Pledged: 3.82% of promoter shares.
Peers in Petrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SPLPETRO | ₹13,340 cr | 27.5x | 5.6x | 21.0% | 28.2% | 12.7% | +0.8% | 1.41% |
| SWANCORP | ₹7,168 cr | 35.5x | 0.9x | 3.0% | 4.0% | -5.6% | +44.9% | 0.04% |
| RAIN | ₹6,928 cr | 12.9x | 0.9x | 7.2% | 10.5% | 15.1% | – | – |
| BEPL | ₹2,660 cr | 12.0x | 2.3x | 20.2% | 26.5% | 18.2% | -2.2% | 3.74% |
| MANALIPETC | ₹1,255 cr | 7.0x | 1.0x | 15.9% | 17.1% | 19.8% | -4.7% | 0.69% |
| DCW | ₹1,178 cr | 16.5x | 1.1x | 6.8% | 8.6% | 9.2% | -6.6% | 0.51% |
| TNPETRO | ₹1,013 cr | 7.1x | 1.0x | 14.8% | 14.3% | 11.9% | -12.0% | 1.06% |
| PASUPTAC | ₹630 cr | 6.6x | 1.4x | 23.9% | 25.8% | 13.9% | +6.8% | – |
| AGARIND | ₹471 cr | 11.5x | 0.7x | 6.2% | 7.5% | 7.4% | -6.4% | 1.04% |
| INDIANACRY | ₹68 cr | 3.2x | – | – | -2.0% | 0.0% | -27.0% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Basic Chemicals | ₹1,538 cr | 71.8% | ₹0 cr | 0.0% |
| Speciality Chemicals | ₹592 cr | 27.6% | ₹132 cr | 22.3% |
| Others | ₹13 cr | 0.6% | ₹5 cr | 34.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Re 0.20 Per Share |
| 2026-02-20 | Dividend | Interim Dividend - Re 0.10 Per Share |
| 2025-09-22 | Dividend | Dividend - Rs 0.10 Per Share |
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Rs 0.30 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Re 0.20 Per Share |
| 2022-09-19 | Dividend | Annual General Meeting/Dividend - Re 0.40 Per Share |
| 2022-03-22 | Other | Extra Ordinary General Meeting |
| 2021-09-17 | Other | Annual General Meeting |
| 2021-02-10 | Other | Extra Ordinary General Meeting |
| 2020-12-21 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-15 | Other | Annual General Meeting |
| 2016-09-16 | Other | Annual General Meeting |
| 2015-08-14 | Other | Annual General Meeting |
| 2014-07-31 | Dividend | Annual General Meeting / Dividend - Re 0.36/- Per Share |
| 2013-08-30 | Dividend | Annual General Meeting/Dividend Re 0.36/- Per Share |
| 2012-09-20 | Dividend | Annual General Meeting/Dividend Re 0.36 Per Share |
| 2011-11-11 | Dividend | Annual General Meeting And Dividend Re.0.36 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products
| Sector | Commodities |
| Industry | Petrochemicals |
| Sub-industry | Petrochemicals |
| Symbol | DCW |
| BSE code | 500117 |
| ISIN | INE500A01029 |
| Face value | ₹2.0 |
| Incorporated | 1939-01-28 |
| Website | www.dcwltd.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.