Skip to main content
Swing Capital

DCW Ltd

NSE: DCW BSE: 500117

DCW Ltd is engaged in manufacture and sale of a diverse range of products with a focus on commodity chemicals, specialty chemicals and intermediate products.[1]

₹45.4
52W: ₹37.1 — ₹87.3
PE 27.8 · Book ₹36.4 · +25% vs book
Market Cap₹1,339 Cr
Stock P/E27.8Price to Earnings
ROCE9.69%Return on Capital
ROE4.57%Return on Equity
Div. Yield0.21%Face Value ₹2

Strengths

  • +Company has reduced debt.

Weaknesses

  • −The company has delivered a poor sales growth of 7.92% over past five years.
  • −Company has a low return on equity of 3.05% over last 3 years.
  • −Dividend payout has been low at 7.33% of profits over last 3 years
  • −Company's cost of borrowing seems high

Shareholding Pattern

Promoters45.44%
FIIs6.71%
DIIs0.01%
Public47.84%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters44.86%44.86%44.86%44.87%▲0.044.81%▼0.144.62%▼0.245.14%▲0.545.44%▲0.3
FIIs7.35%11.25%▲3.911.35%▲0.110.82%▼0.510.05%▼0.89.18%▼0.98.57%▼0.66.71%▼1.9
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public47.77%43.87%▼3.943.77%▼0.144.31%▲0.545.12%▲0.846.18%▲1.146.27%▲0.147.84%▲1.6

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales398622500489474538476539520609
Expenses378558454453417482422481475544
Operating Profit19634535575654584565
OPM %5%10%9%7%12%10%11%11%9%11%
Net Profit-12157-113111114518
EPS ₹-0.420.520.23-0.040.450.380.390.470.170.61

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,144Cr, up 7.2% YoY. OPM at 10%.

Debt Position

Borrowings at ₹290Cr. Debt-to-equity ratio: 0.29x. Healthy balance sheet.

Capex Cycle

CWIP at ₹22Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.01% (+0.00pp change). FIIs: 6.71% (-1.28pp change). Promoters hold 45.44%.

Margin & Efficiency

ROCE improving from 1% (Mar 2015) to 10% (Mar 2026). Working capital days: -34.

Valuation

PE 27.8x with 9.69% ROCE. Price is 25% above book value of ₹36.4. Dividend yield: 0.21%.

Recent Announcements