DCWCommodities

DCW Limited

Petrochemicals · ISIN INE500A01029 · BSE 500117 · NSE EQ · FV ₹2
Last price
₹46
+2.39%today
What this company does

DCW Limited operates in Petrochemicals, part of the Commodities sector. It booked ₹663 cr of revenue in its latest quarter (Q2 FY27) and kept 1.6% of sales as profit. It is the 5th largest of 9 Petrochemicals companies we track, by market value.

“investing in high-quality home care Additionally, the market is witnessing a shift towards innovative and eco-friendly solutions. The segment is expected to DCW Limited stands as a stalwart in chemicals that align with global sustainability goals.”
In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 29–176 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality93

Whether reported profit actually arrives as cash

Growth & consistency29

Whether sales and profit have grown, and how steadily

Valuation33

What today's price implies, against our models or its peers

Governance & risk85

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 23% vs last year
✓ Promoters hold 46%
✓ Turns profit into real cash
Watch-outs
! Thin 1.6% net margin
! Profit down 25% vs last year
! 3.8% of promoter stake pledged
! Low 3.7% return on equity

What if I invest in DCW?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 4% a year, it would become
₹14.72 lakh

The slider starts at 4%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹46▲ +2.39%
latest close · 2026-11-04
1-year return
-13.5%
52-wk low ₹3452-wk high ₹55
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio33.1High
LowAverageHigh
P/B ratio1.22Moderate
Below bookModerateHigh
EV / EBITDA7.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.7%Weak
WeakFairStrong ▸15%
Return on capital7.5%Weak
WeakFairStrong
Net margin1.6%Thin
ThinDecentStrong
EBITDA margin8.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.29Comfortable
LowModerateHigh ▸1
Interest cover2.0×Okay
RiskyOkayStrong ▸5×
Current ratio1.17Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,367 cr
Book value
₹38
EPS
₹0.35
latest quarter
Net debt
₹313 cr
owes more than its cash
Enterprise value
₹1,680 cr
EBITDA
₹218 cr
annualised
EBIT
₹110 cr
annualised
Operating margin
4.2%
Return on assets
1.9%
Earnings yield
3.02%
P/S
0.52
Sales / share
₹89.8
Tax rate
26.1%
Face value
₹2
Shares
29.5 cr
Working capital
₹125 cr
Current assets
₹857 cr
Current liabilities
₹732 cr
Delivery %
44.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹21–₹21, midpoint ₹21

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹663 cr
Other Income₹7 cr
Total Income₹670 cr
Cost of Materials₹327 cr
Purchases of Stock-in-Trade₹6 cr
Inventory Change (±)₹64 cr
Employee Benefit Expense₹46 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹27 cr
Other Expenses₹173 cr
Total Expenses₹656 cr
Profit before Tax₹14 cr
Tax Expense₹4 cr
Net Profit₹10 cr
Net margin on total income1.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹397 cr59.2%
Employee benefit expense₹46 cr6.8%
Finance costs₹14 cr2.0%
Depreciation & amortisation₹27 cr4.0%
Other expenses₹173 cr25.9%
Tax expense₹4 cr0.5%
Profit for the period₹10 cr1.5%
Total income ₹670 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue609 cr542 cr663 cr
Total income615 cr548 cr670 cr
Expenses586 cr547 cr656 cr
Profit before tax28 cr35.7 L14 cr
Tax10 cr-34 cr4 cr
Net profit (owners' share)18 cr35 cr10 cr
Net margin (owners' share, on revenue)3.0%6.4%1.6%
EPS (₹)0.611.170.35
YoY (latest quarter): total income +23.2% · net profit -25.0%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹2,212 cr
Shareholder equity
₹1,120 cr
parent shareholders
Total debt
₹323 cr
Cash
₹9 cr
Cash flow · H1 FY27
Operating
₹106 cr
Investing
₹-119 cr
Financing
₹60.3 L
Peer comparison
Petrochemicals · by market value
CompanyPriceMarket capP/E
Supreme Petrochem Limited₹697₹13,107 cr34.0
SWAN CORP LIMITED₹243₹7,597 cr—
Rain Industries Limited₹182₹6,117 cr5.2
Bhansali Engineering Polymers Limited₹106₹2,634 cr10.5
DCW Limitedthis company₹45₹1,335 cr32.3
Manali Petrochemicals Limited₹70₹1,209 cr4.7
Tamilnadu PetroProducts Limited₹119₹1,068 cr4.1
Pasupati Acrylon Limited₹72₹640 cr5.0
Agarwal Industrial Corporation Limited₹330₹493 cr11.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.65%
trailing 12 months
Dividend / share (TTM)
₹0.3
Last dividend
₹0.2
ex 18 Sep 2026
ActionDetailEx-date
Dividend₹0.2 / share18 Sep 2026
Dividend₹0.1 / share20 Feb 2026
Dividend₹0.1 / share22 Sep 2025
Dividend₹0.3 / share22 Sep 2023
Dividend₹0.2 / share17 Feb 2023
Dividend₹0.4 / share19 Sep 2022
Who owns it · 2026-09-30
⚑ 3.8% pledged
Promoter
45.6%
FII / Foreign
5.3%
DII / Domestic
0.2%
Retail / others
48.9%
Promoter stake up 1.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVIVEK JAIN HUF · Promoter Group88,020 · ₹51.8 L9 Nov 22
BoughtMEETA VIVEK JAIN · Promoter Group8.79 L · ₹5.2 cr9 Nov 22
BoughtSAATVIK VIVEK JAIN · Promoter Group13.66 L · ₹8.0 cr9 Nov 22
Bulk / block deals
short— · NSE1,00030 Sep 25
short— · NSE3115 Sep 25
short— · NSE5,3009 Sep 25
Stake changes
DisposalVistra ITCL (India) Limited→ 0.00%10 Nov 22
BoughtJain Sahu Brothers Properties Pvt Ltd · promoter→ 0.05% · 1.42 L30 Sep 22
DisposalKotak Special Situations Fund, a Category II Alternative Investments Fund→ 3.93%11 Aug 22
Promoter pledges
ReleasedVISTRA ITCL (INDIA) LIMITED13.22 L · 0.45% held9 Nov 22
ReleasedVISTRA ITCL (INDIA) LIMITED13.66 L · 0.46% held9 Nov 22
ReleasedVISTRA ITCL (INDIA) LIMITED88,020 · 0.03% held9 Nov 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2026
See the official result
1
Adoption of Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 99% of shareholders other than promotersneeded 50%
1.36 cr votes for, 87,347 against · 0% of mutual funds and other big investors said no
2
Confirmation of Interim Dividend paid to the shareholders and Declaration of Final dividend at the rate of Rs. 0.20 /- (Twenty Paise only) per equity share of Rs. 2/- (Two Rupees) each fully paid-up of the Company.
Backed by 99% of shareholders other than promotersneeded 50%
1.37 cr votes for, 87,372 against · 0% of mutual funds and other big investors said no
3
Re-appointment of a Director, Mr. Ashish Pramodkumar Jain (DIN: 00866676), who retires by rotation
Backed by 99% of shareholders other than promotersneeded 50%
1.37 cr votes for, 88,443 against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. Adhiraj Anil Harish (DIN: 03380459) as an Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
1.37 cr votes for, 88,636 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 30 named members
owning 45.6% between them · as of 2026-09-30
ASHISH JAIN10.97%
VIVEK SHASHICHAND JAIN7.99%
MUDIT JAIN4.14%
PAULOMI BAKUL JAIN3.14%
DURGAVATI JAIN3.06%
VARSHA SHARADKUMAR JAIN2.92%
BAKUL PREMCHAND JAIN2.40%
NAMITA JAIN2.27%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.