DCW Ltd.

•

₹ 44.731.64%

2026-08-21

dcwltd.comBSE: 500117NSE: DCW

Market Cap₹ 1,278 Cr.

Current Price₹ 44

High / Low₹ 81 / 37

Stock P/E—

Book Value—

Price to Book—

Dividend Yield0.46 %

ROCE1.1 %

ROE-1.1 %

Face Value₹ 2

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Basic Chemicals: 73.1% • Speciality Chemicals: 26.3% • Others: 0.6%

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.70x)
Working capital cycle has improved - days down from -35 to -62

CONS

Company is loss-making at the operating / net level
Company has a low return on capital employed of 9.3%
Interest coverage is weak at 0.7x - earnings barely cover interest
Company has a low return on equity of 9.5% over last 3 years
Free cash flow has been persistently negative
Operating margins have contracted to 4.8% from 10.2%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

ChemicalsChemicalsChemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SOLARINDS	19800.00	89.97	179170.31	0.06	666.37	88.98	3668.20	70.26	38.16	27.91
2.	PIDILITIND	1650.00	63.40	167935.41	1.30	8835.10	1202.86	45515.50	1112.74	32.38	26.28
3.	SRF	2575.00	35.31	76329.39	0.35	758.87	75.53	5033.26	34.63	14.21	24.57
4.	FLUOROCHEM	4679.55	83.59	51404.86	0.06	219.00	19.02	1588.00	23.97	10.02	26.83
5.	NAVINFLUOR	8281.50	53.80	42484.11	0.18	243.31	107.67	1045.08	44.07	21.39	34.17
6.	GODREJIND	1217.10	34.87	40998.14	0.00	523.36	-27.85	5448.09	22.16	10.64	12.82
7.	DEEPAKNTR	1767.85	30.78	24112.24	0.42	345.01	207.36	2577.60	36.39	11.58	20.96
8.	AETHER	1639.40	92.52	21759.40	0.00	62.75	33.45	326.56	27.49	11.65	31.47
9.	ATUL	6581.75	24.36	19377.83	0.46	253.93	91.85	1847.95	25.03	15.05	21.41
10.	AARTIIND	526.90	35.99	19112.07	0.19	155.00	260.47	2387.00	42.42	6.39	16.00
11.	DEEPAKFERT	1474.65	18.98	18678.34	0.68	490.04	100.95	3256.26	22.47	12.12	25.96
12.	DCW	43.30	0.00	1278.02	0.46	34.55	203.30	541.91	13.97	7.97	6.60

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
	1,058	1,184	1,328	1,326	1,254
	963	1,059	1,079	1,197	1,192
Operating Profit	113	131	251	130	67
OPM %	11	11	19	10	5
Other Income	18	6	3	1	4
Interest	30	34	32	27	19
Depreciation	48	51	53	51	52
	36	46	160	52	-5
Tax %	19	33	35	27	-24
Net Profit	29	31	105	38	-6
EPS	1	2	5	2	-0
Dividend Payout %	24	24	7	20	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	2	5	2	-0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	1	2	5	2	-0

Mar 2011

: 1,058
: 963
Operating Profit: 113
OPM %: 11
Other Income: 18
Interest: 30
Depreciation: 48
: 36
Tax %: 19
Net Profit: 29
EPS: 1
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2012

: 1,184
: 1,059
Operating Profit: 131
OPM %: 11
Other Income: 6
Interest: 34
Depreciation: 51
: 46
Tax %: 33
Net Profit: 31
EPS: 2
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2013

: 1,328
: 1,079
Operating Profit: 251
OPM %: 19
Other Income: 3
Interest: 32
Depreciation: 53
: 160
Tax %: 35
Net Profit: 105
EPS: 5
Dividend Payout %: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2014

: 1,326
: 1,197
Operating Profit: 130
OPM %: 10
Other Income: 1
Interest: 27
Depreciation: 51
: 52
Tax %: 27
Net Profit: 38
EPS: 2
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2015

: 1,254
: 1,192
Operating Profit: 67
OPM %: 5
Other Income: 4
Interest: 19
Depreciation: 52
: -5
Tax %: -24
Net Profit: -6
EPS: -0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 4%
5 Years:: 5%
3 Years:: -5%
1 Year:: -45%

RETURN ON EQUITY

10 Years:: —
5 Years:: 9%
3 Years:: 9%
Last Year:: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
LIABILITIES	-	-	-	-	-
Equity Capital	39	41	42	42	43
	356	384	486	515	517
	84	147	156	83	212
Trade Payables	227	209	213	379	294
	388	495	651	771	781
Total Liabilities	1,094	1,277	1,548	1,790	1,846
ASSETS	-	-	-	-	-
	607	687	664	661	635
Capital Work in Progress	178	214	442	718	849
	127	158	231	204	166
	0	0	0	0	0
Cash & Bank	2	6	5	3	6
	180	211	206	204	190
Total Assets	1,094	1,277	1,548	1,790	1,846
Total Debt	331	447	544	671	779
Net Working Capital	-79	-131	-94	-138	-235
Contingent Liabilities	51	55	67	109	167
Book Value per Share	19.70	20.50	24.77	26.16	25.90
Face Value	2.00	2.00	2.00	2.00	2.00
Total Debt	331	447	544	671	779
Net Working Capital	-79	-131	-94	-138	-235
Contingent Liabilities	51	55	67	109	167
Book Value per Share	19.70	20.50	24.77	26.16	25.90
Face Value	2.00	2.00	2.00	2.00	2.00

Mar 2011

Equity Capital: 39
: 356
: 84
Trade Payables: 227
: 388
Total Liabilities: 1,094
: 607
Capital Work in Progress: 178
: 127
: 0
Cash & Bank: 2
: 180
Total Assets: 1,094
Total Debt: 331
Net Working Capital: -79
Contingent Liabilities: 51
Book Value per Share: 19.70
Face Value: 2.00
Total Debt: 331
Net Working Capital: -79
Contingent Liabilities: 51
Book Value per Share: 19.70
Face Value: 2.00

Mar 2012

Equity Capital: 41
: 384
: 147
Trade Payables: 209
: 495
Total Liabilities: 1,277
: 687
Capital Work in Progress: 214
: 158
: 0
Cash & Bank: 6
: 211
Total Assets: 1,277
Total Debt: 447
Net Working Capital: -131
Contingent Liabilities: 55
Book Value per Share: 20.50
Face Value: 2.00
Total Debt: 447
Net Working Capital: -131
Contingent Liabilities: 55
Book Value per Share: 20.50
Face Value: 2.00

Mar 2013

Equity Capital: 42
: 486
: 156
Trade Payables: 213
: 651
Total Liabilities: 1,548
: 664
Capital Work in Progress: 442
: 231
: 0
Cash & Bank: 5
: 206
Total Assets: 1,548
Total Debt: 544
Net Working Capital: -94
Contingent Liabilities: 67
Book Value per Share: 24.77
Face Value: 2.00
Total Debt: 544
Net Working Capital: -94
Contingent Liabilities: 67
Book Value per Share: 24.77
Face Value: 2.00

Mar 2014

Equity Capital: 42
: 515
: 83
Trade Payables: 379
: 771
Total Liabilities: 1,790
: 661
Capital Work in Progress: 718
: 204
: 0
Cash & Bank: 3
: 204
Total Assets: 1,790
Total Debt: 671
Net Working Capital: -138
Contingent Liabilities: 109
Book Value per Share: 26.16
Face Value: 2.00
Total Debt: 671
Net Working Capital: -138
Contingent Liabilities: 109
Book Value per Share: 26.16
Face Value: 2.00

Mar 2015

Equity Capital: 43
: 517
: 212
Trade Payables: 294
: 781
Total Liabilities: 1,846
: 635
Capital Work in Progress: 849
: 166
: 0
Cash & Bank: 6
: 190
Total Assets: 1,846
Total Debt: 779
Net Working Capital: -235
Contingent Liabilities: 167
Book Value per Share: 25.90
Face Value: 2.00
Total Debt: 779
Net Working Capital: -235
Contingent Liabilities: 167
Book Value per Share: 25.90
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
	109	92	206	232	69
Cash from Investing	-89	-161	-261	-325	-157
Cash from Financing	-20	73	53	92	89
	-0	4	-2	-1	1
Free Cash Flow	109	-74	-5	-92	-87
OCF / Net Profit	3.75	2.99	1.97	6.12	-11.58
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	3.75	2.99	1.97	6.12	-11.58
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2011

: 109
Cash from Investing: -89
Cash from Financing: -20
: -0
Free Cash Flow: 109
OCF / Net Profit: 3.75
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.75
Cumulative 5-Year FCF: 0

Mar 2012

: 92
Cash from Investing: -161
Cash from Financing: 73
: 4
Free Cash Flow: -74
OCF / Net Profit: 2.99
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.99
Cumulative 5-Year FCF: 0

Mar 2013

: 206
Cash from Investing: -261
Cash from Financing: 53
: -2
Free Cash Flow: -5
OCF / Net Profit: 1.97
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.97
Cumulative 5-Year FCF: 0

Mar 2014

: 232
Cash from Investing: -325
Cash from Financing: 92
: -1
Free Cash Flow: -92
OCF / Net Profit: 6.12
Cumulative 5-Year FCF: 0
OCF / Net Profit: 6.12
Cumulative 5-Year FCF: 0

Mar 2015

: 69
Cash from Investing: -157
Cash from Financing: 89
: 1
Free Cash Flow: -87
OCF / Net Profit: -11.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: -11.58
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
PER SHARE	-	-	-	-	-
EPS (₹)	1.47	1.51	5.00	1.81	-0.28
Book Value (₹)	19.70	20.50	24.77	26.16	25.90
Dividend per Share (₹)	0.36	0.36	0.36	0.36	0.00
Cash EPS (₹)	3.90	4.02	7.52	4.24	2.16
PROFITABILITY	-	-	-	-	-
Operating Margin %	9.90%	10.20%	17.49%	8.92%	4.81%
Net Margin %	2.52%	2.39%	7.30%	2.60%	-0.43%
ROE %	7.69%	7.64%	22.41%	7.09%	-1.08%
ROCE %	9.44%	10.06%	19.97%	6.94%	1.09%
	2.71%	2.59%	7.43%	2.27%	-0.33%
EFFICIENCY	-	-	-	-	-
Debtor Days	31	24	21	23	25
Inventory Days	44	41	49	54	49
Payable Days	30	21	27	40	47
	45	44	43	38	27
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	0.86x	1.07x	1.05x	1.22x	1.41x
Interest Coverage (x)	2.20x	2.34x	5.99x	2.93x	0.74x
	0.79x	0.71x	0.82x	0.73x	0.59x
GROWTH	-	-	-	-	-
Revenue Growth %	3.07%	11.89%	12.13%	-0.17%	-5.36%
Operating Profit Growth %	-37.80%	15.12%	92.48%	-48.18%	-48.92%
Net Profit Growth %	-57.25%	6.08%	242.01%	-63.89%	-115.63%
	0.00%	0.00%	0.00%	0.00%	0.00%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x

Mar 2011

EPS (₹): 1.47
Book Value (₹): 19.70
Dividend per Share (₹): 0.36
Cash EPS (₹): 3.90
Operating Margin %: 9.90%
Net Margin %: 2.52%
ROE %: 7.69%
ROCE %: 9.44%
: 2.71%
Debtor Days: 31
Inventory Days: 44
Payable Days: 30
: 45
Debt to Equity (x): 0.86x
Interest Coverage (x): 2.20x
: 0.79x
Revenue Growth %: 3.07%
Operating Profit Growth %: -37.80%
Net Profit Growth %: -57.25%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2012

EPS (₹): 1.51
Book Value (₹): 20.50
Dividend per Share (₹): 0.36
Cash EPS (₹): 4.02
Operating Margin %: 10.20%
Net Margin %: 2.39%
ROE %: 7.64%
ROCE %: 10.06%
: 2.59%
Debtor Days: 24
Inventory Days: 41
Payable Days: 21
: 44
Debt to Equity (x): 1.07x
Interest Coverage (x): 2.34x
: 0.71x
Revenue Growth %: 11.89%
Operating Profit Growth %: 15.12%
Net Profit Growth %: 6.08%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2013

EPS (₹): 5.00
Book Value (₹): 24.77
Dividend per Share (₹): 0.36
Cash EPS (₹): 7.52
Operating Margin %: 17.49%
Net Margin %: 7.30%
ROE %: 22.41%
ROCE %: 19.97%
: 7.43%
Debtor Days: 21
Inventory Days: 49
Payable Days: 27
: 43
Debt to Equity (x): 1.05x
Interest Coverage (x): 5.99x
: 0.82x
Revenue Growth %: 12.13%
Operating Profit Growth %: 92.48%
Net Profit Growth %: 242.01%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2014

EPS (₹): 1.81
Book Value (₹): 26.16
Dividend per Share (₹): 0.36
Cash EPS (₹): 4.24
Operating Margin %: 8.92%
Net Margin %: 2.60%
ROE %: 7.09%
ROCE %: 6.94%
: 2.27%
Debtor Days: 23
Inventory Days: 54
Payable Days: 40
: 38
Debt to Equity (x): 1.22x
Interest Coverage (x): 2.93x
: 0.73x
Revenue Growth %: -0.17%
Operating Profit Growth %: -48.18%
Net Profit Growth %: -63.89%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2015

EPS (₹): -0.28
Book Value (₹): 25.90
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.16
Operating Margin %: 4.81%
Net Margin %: -0.43%
ROE %: -1.08%
ROCE %: 1.09%
: -0.33%
Debtor Days: 25
Inventory Days: 49
Payable Days: 47
: 27
Debt to Equity (x): 1.41x
Interest Coverage (x): 0.74x
: 0.59x
Revenue Growth %: -5.36%
Operating Profit Growth %: -48.92%
Net Profit Growth %: -115.63%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.86	44.86	44.86	44.87	44.81	44.62	45.14	45.44	45.59
	7.35	11.25	11.35	10.82	10.05	9.18	8.57	6.71	6.11
	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.05
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.77	43.87	43.77	44.30	45.13	46.18	46.28	47.83	48.24

Jun 2024

: 44.86
: 7.35
: 0.01
Government: 0.00
: 47.77

Sep 2024

: 44.86
: 11.25
: 0.01
Government: 0.00
: 43.87

Dec 2024

: 44.86
: 11.35
: 0.01
Government: 0.00
: 43.77

Mar 2025

: 44.87
: 10.82
: 0.01
Government: 0.00
: 44.30

Jun 2025

: 44.81
: 10.05
: 0.01
Government: 0.00
: 45.13

Sep 2025

: 44.62
: 9.18
: 0.01
Government: 0.00
: 46.18

Dec 2025

: 45.14
: 8.57
: 0.01
Government: 0.00
: 46.28

Mar 2026

: 45.44
: 6.71
: 0.01
Government: 0.00
: 47.83

Jun 2026

: 45.59
: 6.11
: 0.05
Government: 0.00
: 48.24

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-20 - DCW Limited has informed the Exchange about Transcript
Updates
2026-08-17 - DCW Limited has informed the Exchange regarding 'Intimation regarding Recognition of the Company as a Three Star Export House by the Ministry of Commerce & Industry'.

Annual Reports

Credit Ratings

Credit Rating
2026-06-26 - DCW Limited has informed the Exchange about Credit Rating

Concalls

Aug 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC