Dcw Limited (DCW) · mywealthgrid

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About

DCW Limited operates in petrochemicals, a segment within the chemicals and materials sector. The company generates quarterly revenues of ₹500–600 Cr and has a market capitalization of ₹1,300 Cr.

Founded: 2021
Face value: ₹2

Market cap

₹1,317 Cr

P/E

18.5×

P/B

1.2×

Dividend yield

0.9%

ROE

4.6%

ROCE

9.7%

Debt / equity

0.29

OPM

10.3%

EPS (TTM)

₹2.4

Book value

₹36.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profit volatility: net income ranged from -₹1.25 Cr (Sep 2024) to ₹34.55 Cr (Jun 2026) over eight quarters, raising sustainability concerns.
ROE of 4.57% is extremely low — shareholder capital is not generating adequate returns.
Stock declined 41% over one year (from ₹80 to ₹44); verify if this reflects structural concerns or a cyclical trough.
Operating margin volatility (6.6% to 12.02%) suggests sensitivity to volume, pricing, or costs — verify drivers of margin swings.

Generated analysis · source review pending

Growth drivers

Jun 2026 net profit of ₹34.55 Cr is the highest quarterly result in the data period — verify if this reflects cyclical recovery or a temporary spike.
Historical OPM peaks (12.02% in Dec 2024, 11.3% in Jun 2025) show margin capacity — verify drivers of recent compression to 6.6%.
Revenue stability (₹475–609 Cr quarterly) across the data period — verify if reflects order-book strength or market demand resilience.
Dividend payout history (most recent Feb 2026) indicates cash returns capability — verify if current profit levels can sustain ongoing distributions.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹44.6-3%1Y

Quick read

rule-based

Pros

+Profit CAGR of 66.3% over the last 5 years

Cons

−Low return on equity of 3% (3-yr avg)
−Modest revenue growth of 7.9% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 26
Growth: 41
Valuation: 79

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Petrochem LimitedSPLPETROSPLPETRO	₹14,672 Cr	₹14,680 Cr	₹5,719 Cr	₹737 Cr	9.6%	₹485 Cr	6.1%	18.5%	13.9%	21
Swan Corp LimitedSWANCORPSWANCORP	₹8,552 Cr	₹10,656 Cr	₹4,172 Cr	₹-234 Cr	-4.7%	₹224 Cr	6.2%	4.1%	3.7%	185
Rain Industries LimitedRAINRAIN	₹7,013 Cr	₹16,837 Cr	₹18,464 Cr	₹2,788 Cr	12.6%	₹537 Cr	0.8%	8.6%	0.6%	134
Bhansali Engineering Polymers LimitedBEPLBEPL	₹3,080 Cr	₹3,080 Cr	₹1,440 Cr	₹246 Cr	17%	₹200 Cr	14.1%	23.3%	17.3%	86
Manali Petrochemicals LimitedMANALIPETCMANALIPETC	₹1,344 Cr	₹1,403 Cr	₹1,062 Cr	₹142 Cr	8%	₹180 Cr	12.7%	7.4%	10.9%	82
Dcw LimitedDCWDCW	₹1,317 Cr	₹1,627 Cr	₹2,210 Cr	₹204 Cr	10.3%	₹71 Cr	2.3%	9.7%	4.6%	-1
Tamilnadu Petroproducts LimitedTNPETROTNPETRO	₹1,109 Cr	₹1,558 Cr	₹1,783 Cr	₹204 Cr	8.9%	₹142 Cr	6.7%	11.7%	10.1%	116
Pasupati Acrylon LimitedPASUPTACPASUPTAC	₹620 Cr	₹728 Cr	₹1,032 Cr	₹144 Cr	11%	₹96 Cr	6.9%	20.7%	17.5%	52
Agarwal Industrial Corporation LimitedAGARINDAGARIND	₹579 Cr	₹915 Cr	₹1,492 Cr	₹111 Cr	7.1%	₹41 Cr	2.6%	10.1%	6.6%	24
Amtech Esters LtdAMTECHAMTECH	₹106 Cr	—	—	—	—	—	—	—	—	—
Indian Acrylics LtdINDIANACRYINDIANACRY	₹76 Cr	₹307 Cr	₹352 Cr	₹-1 Cr	-0.4%	₹-24 Cr	-6.9%	-3.5%	—	32
Polylink Polymers India LtdPOLYLINKPOLYLINK	₹48 Cr	₹53 Cr	₹91 Cr	₹4 Cr	3.3%	₹2 Cr	1.4%	5.6%	4%	60

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,268	1,304	1,213	1,353	1,277	1,464	2,455	2,634	1,872	2,000	2,144
COGS	-615	-641	597	681	636	756	1,421	1,294	986	1,088	1,174
Gross profit	—	—	616	671	641	708	1,033	1,340	886	912	970
	1,803	1,853	491	509	495	499	709	911	710	719	748
	80	91	126	162	146	209	325	428	176	193	222
OPM %	6.3%	7%	10.4%	12%	11.5%	14.3%	13.2%	16.3%	9.4%	9.7%	10.3%
Depreciation	—	—	88	83	87	87	89	90	94	100	104
Interest	58	57	93	104	107	120	113	126	74	67	62
	3	5	6	4	9	11	20	62	17	23	19
Profit before tax	29	25	-49	-22	-40	14	143	274	25	49	75
Tax	10	5	-29	-18	-13	10	36	82	10	19	26
Tax %	35.9%	20.6%	-58.9%	-80.5%	-32.5%	72.2%	25%	30%	38.2%	38.7%	35.4%
	19	20	-20	-4	-27	4	108	192	16	30	48
PAT margin %	1.5%	1.5%	-1.7%	-0.3%	-2.1%	0.3%	4.4%	7.3%	0.8%	1.5%	2.3%
EPS (₹)	0.9	0.9	-1	-0.2	-1.1	0.2	4.1	6.5	0.5	1	1.6
EPS adjusted (₹)	0.9	0.9	-0.9	-0.2	-1	0.2	4.1	6.5	0.5	1	1.6
	0%	0%	—	—	—	0%	9.7%	7.7%	0%	9.7%	18.4%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	43	44	44	44	52	52	52	59	59	59	59
Reserves	560	611	591	587	—	635	750	966	973	974	1,016
	681	661	690	154	—	588	552	505	436	426	310
	617	636	578	1,033	—	600	550	533	620	720	704
Total equity & liabilities	1,901	1,952	1,904	1,819	—	1,875	1,903	2,063	2,089	2,178	2,089
	—	—	1,471	1,534	1,467	1,407	1,352	1,296	1,312	1,270	1,304
CWIP	674	122	124	7	—	4	8	60	41	56	22
Investments	0	0	0	0	—	0	0	0	20	27	20
	1,226	1,830	309	278	—	465	543	708	716	825	744
Total assets	1,901	1,952	1,904	1,819	—	1,875	1,903	2,063	2,089	2,178	2,089

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Basic Chemicals	1,538.16	0.42	979.89	445.78	534.11	0.08
Speciality Chemicals	592.34	131.84

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.6%	50.2%	48.4%	42.1%	50.9%	47.3%	45.6%	45.2%
EBITDA margin %	12%	11.5%	14.3%	13.2%	16.3%	9.4%	9.7%	10.3%
EBIT margin %	5.8%	4.6%	8.3%	9.6%	12.8%	4.4%	4.7%	5.5%
PAT margin %	-0.3%	-2.1%	0.3%	4.4%	7.3%	0.8%	1.5%	2.3%
Working capital
Receivable days	20	—	24	17	18	22	18	24
Inventory days	66	—	82	63	97	139	143	96
Payable days	—	—	144	76	78	125	129	122
NWC days	—	—	-38	5	38	37	32	-1
Leverage
Current ratio	0.36	—	0.76	1.02	1.38	1.13	1.08	1.01
Debt to EBITDA	0.95	—	2.81	1.7	1.18	2.49	2.2	1.4
Debt to equity	0.24	—	0.86	0.69	0.49	0.42	0.41	0.29
Interest coverage	0.8	0.6	1.1	2.1	2.8	1.4	1.7	2.2
Asset turnover	0.74	—	0.78	1.29	1.28	0.9	0.92	1.03
Return ratios
Return on assets %	-0.2%	—	0.2%	5.6%	9.3%	0.7%	1.4%	2.3%
Return on capital employed %	7%	—	10%	17.8%	24%	6.6%	8%	9.7%
Return on equity %	-0.7%	—	0.6%	13.4%	18.7%	1.5%	2.9%	4.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.1%	45.1%	44.08%	44.86%	44.86%	44.86%	44.87%	44.81%	44.62%	45.14%	45.44%	45.59%
	8.44%	7.87%	7.26%	7.36%	11.25%	11.36%	10.81%	10.05%	9.18%	8.57%	6.71%	6.12%
	0.12%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.06%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	46.34%	47.01%	48.64%	47.76%	43.87%	43.76%	44.3%	45.12%	46.18%	46.27%	47.83%	48.23%
No. of shareholders	—	—	—	—	—	—	—	—	1,08,389	1,08,430	1,07,475	1,08,567

Promoter holding up 0.49 percentage points since Sep 2023.

117 deals · 1 Oct 2021 – 3 Oct 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Oct 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	22,43,324	₹107.92	₹24.21 Cr
3 Oct 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	21,69,523	₹107.69	₹23.36 Cr
1 Oct 2024	EKTA HALWASIYA	Bulk	NSE	Buy	15,00,000	₹101.76	₹15.26 Cr
18 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	20,33,115	₹100.83	₹20.50 Cr
18 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	20,33,115	₹100.82	₹20.50 Cr
18 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	17,78,597	₹100.09	₹17.80 Cr
18 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	15,78,593	₹99.68	₹15.74 Cr
10 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	15,37,237	₹101.33	₹15.58 Cr
10 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	14,86,773	₹101.13	₹15.04 Cr
9 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	21,37,554	₹96.38	₹20.60 Cr

1–10 of 117

1 / 12

Mr. BAKUL PREMCHAND JAINExecutive Director-Chairperson related to Promoter-MD
Mr. VIVEK SHASHICHAND JAINExecutive Director-MD
Mr. ASHISH JAINExecutive Director-MD
Mr. KRISHNAMOORTHY KRISHNANNon-Executive - Independent Director
Ms. POORNIMA PRABHUNon-Executive - Independent Director
Mr. ADHIRAJ ANIL HARISHNon-Executive - Independent Director
Mr. Adhiraj Anil HarishNon - Executive Independent Director
Mr. Pradipto MukherjeeChief Financial Officer
Mr. Dilip DarjiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Dcw Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Credit Rating26 Jun 2026

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

14

Final dividend18 Sept 2026 · ex-date₹0.2
Interim dividend20 Feb 2026 · ex-date₹0.1
Final dividend22 Sept 2025 · ex-date₹0.1
Final dividend22 Sept 2023 · ex-date₹0.3
Interim dividend17 Feb 2023 · ex-date₹0.2
Final dividend19 Sept 2022 · ex-date₹0.4
Dividend dividend31 Jul 2014 · ex-date₹0.36
Dividend dividend30 Aug 2013 · ex-date₹0.36
Dividend dividend20 Sept 2012 · ex-date₹0.36
Dividend dividend11 Nov 2011 · ex-date₹0.36
Dividend dividend2 Aug 2010 · ex-date₹0.36
Dividend dividend14 Aug 2009 · ex-date₹0.3
Dividend dividend20 Jun 2008 · ex-date₹0.3
Final dividend13 Jul 2007 · ex-date₹0.1

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

56 announcementsExport CSV

29 Sept 2026, 3:20 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	49.6%	50.2%	48.4%	42.1%	50.9%	47.3%	45.6%	45.2%
EBITDA margin %	12%	11.5%	14.3%	13.2%	16.3%	9.4%	9.7%	10.3%
EBIT margin %	5.8%	4.6%	8.3%	9.6%	12.8%	4.4%	4.7%	5.5%
PAT margin %	-0.3%	-2.1%	0.3%	4.4%	7.3%	0.8%	1.5%	2.3%
Working capital
Receivable days	20	—	24	17	18	22	18	24
Inventory days	66	—	82	63	97	139	143	96
Payable days	—	—	144	76	78	125	129	122
NWC days	—	—	-38	5	38	37	32	-1
Leverage
Current ratio	0.36	—	0.76	1.02	1.38	1.13	1.08	1.01
Debt to EBITDA	0.95	—	2.81	1.7	1.18	2.49	2.2	1.4
Debt to equity	0.24	—	0.86	0.69	0.49	0.42	0.41	0.29
Interest coverage	0.8	0.6	1.1	2.1	2.8	1.4	1.7	2.2
Asset turnover	0.74	—	0.78	1.29	1.28	0.9	0.92	1.03
Return ratios
Return on assets %	-0.2%	—	0.2%	5.6%	9.3%	0.7%	1.4%	2.3%
Return on capital employed %	7%	—	10%	17.8%	24%	6.6%	8%	9.7%
Return on equity %	-0.7%	—	0.6%	13.4%	18.7%	1.5%	2.9%	4.5%

Date	Category	Subject	Filing
29 Sept 2026, 3:20 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 11:03 am	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
6 Sept 2026, 3:22 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 9:35 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
4 Sept 2026, 8:25 pm	Company Update General	Letters Sent To Shareholders Providing Weblink Of The Annual Report	PDF
4 Sept 2026, 7:51 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
4 Sept 2026, 7:40 pm	AGM/EGM AGM	Notice Of Eighty Seventh (87Th) Annual General Meeting	PDF
4 Sept 2026, 4:47 pm	Corp. Action Record Date	Intimation Of Record Date	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	123	223	57	285	170	218	178	226	252	191	278
	-100	-95	-13	-45	-43	-78	52	-165	-99	-112	-63
	-23	-128	-44	-241	-119	-99	-192	-139	-153	-78	-221
Net cash flow	-1	—	—	-0	8	41	38	-78	1	1	-7
Free cash flow	19	126	37	254	154	200	140	140	158	114	185
CFO / Operating profit %	153.4%	243.5%	45.6%	176.2%	115.8%	104%	54.8%	52.7%	143.6%	98.6%	125.5%

Dcw Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends14

Board meetings1

Announcements

Dividends14

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Basic Chemicals · revenue

14

1

14

1