DCW Ltd. (IN:DCW)
:DCW
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DCW Ltd.
(DCW)
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Rating:54Neutral
Price Target:
₹41.00
▼(-29.00% Downside)
Action:ReiteratedDate:03/25/26
The score is primarily supported by solid fundamentals (revenue growth, improved operating margins, stable balance sheet, and positive free cash flow), but is held back by a pronounced technical downtrend and a demanding valuation (very high P/E with low yield).
Positive Factors
Diversified specialty-chemicals business
A diversified specialty-chemicals business selling into multiple industrial end markets provides durable demand breadth and lowers single-industry cyclicality. Structural exposure to varied end-users supports steadier volumes and pricing flexibility over the next 2–6 months, aiding resilience through sector cycles.
Negative Factors
Low net profit margin
A persistently low net profit margin limits retained earnings and shareholder returns even when gross/EBIT margins improve. Structurally it leaves earnings vulnerable to tax, interest, and non-operating swings, constraining long-term ROE improvement and the ability to scale profits from higher revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified specialty-chemicals business
A diversified specialty-chemicals business selling into multiple industrial end markets provides durable demand breadth and lowers single-industry cyclicality. Structural exposure to varied end-users supports steadier volumes and pricing flexibility over the next 2–6 months, aiding resilience through sector cycles.
Read all positive factors
DCW Ltd. (DCW) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.08B
Dividend Yield0.16%
Average Volume (3M)57.82K
Price to Earnings (P/E)85.7
Beta (1Y)1.45
Revenue Growth0.95%
EPS Growth488.81%
CountryIN
Employees1,761
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.17
Shares Outstanding295,155,030
10 Day Avg. Volume56,614
30 Day Avg. Volume57,823
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)2.29
Price to Sales (P/S)1.18
P/FCF Ratio20.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DCW Ltd. Business Overview & Revenue Model
Company Description
DCW Limited operates as a heavy chemical manufacturing company in India. It operates through Soda Ash, Caustic Soda, PVC, SIOP, and C-PVC segments. The company's products include caustic soda, liquid chlorine, hydrochloric acid, synthetic rutile, ...
How the Company Makes Money
DCW primarily makes money by manufacturing chemicals and selling them to industrial customers, generating revenue from product sales. Key revenue drivers typically include sales volumes and realized prices for its chemical products, supported by o...
DCW Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.27B | 20.00B | 18.61B | 26.34B | 24.49B | 14.59B |
| Gross Profit | 8.11B | 6.00B | 8.86B | 13.40B | 10.28B | 7.03B |
| EBITDA | 2.44B | 1.93B | 1.83B | 4.91B | 3.38B | 2.14B |
| Net Income | 499.98M | 302.84M | 156.60M | 1.92B | 1.08B | 37.93M |
Balance Sheet | ||||||
| Total Assets | 22.11B | 21.78B | 20.89B | 20.63B | 19.03B | 18.75B |
| Cash, Cash Equivalents and Short-Term Investments | 2.12B | 182.96M | 1.70B | 1.68B | 1.12B | 1.22B |
| Total Debt | 3.80B | 4.27B | 4.39B | 5.08B | 5.56B | 6.24B |
| Total Liabilities | 11.53B | 11.45B | 10.57B | 10.38B | 11.01B | 11.88B |
| Stockholders Equity | 10.58B | 10.33B | 10.32B | 10.25B | 8.02B | 6.87B |
Cash Flow | ||||||
| Free Cash Flow | 753.25M | 1.14B | 1.58B | 1.40B | 1.40B | 2.00B |
| Operating Cash Flow | 1.30B | 1.91B | 2.52B | 2.26B | 1.78B | 2.18B |
| Investing Cash Flow | -325.61M | -1.12B | -986.28M | -1.65B | 515.56M | -778.50M |
| Financing Cash Flow | -931.74M | -779.57M | -1.53B | -1.39B | -1.92B | -985.34M |
DCW Ltd. Technical Analysis
Negative
57.75
Price Trends
47.74
Negative
54.60
Negative
64.71
Negative
Market Momentum
-2.79
Positive
30.42
Neutral
5.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DCW, the sentiment is Negative. The current price of 57.75 is above the 20-day moving average (MA) of 43.91, above the 50-day MA of 47.74, and below the 200-day MA of 64.71, indicating a bearish trend. The MACD of -2.79 indicates Positive momentum. The RSI at 30.42 is Neutral, neither overbought nor oversold. The STOCH value of 5.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DCW.
DCW Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹20.48B | 13.36 | ― | 4.47% | ― | ― | |
67 Neutral | ₹35.37B | 33.65 | ― | 0.46% | 8.51% | 32.37% | |
66 Neutral | ₹39.52B | 12.54 | ― | 2.10% | -5.14% | 7.25% | |
65 Neutral | ₹56.87B | 23.54 | ― | 0.47% | 5.61% | 33.63% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹8.99B | 5.40 | ― | 0.22% | 35.17% | 92.73% | |
54 Neutral | ₹11.08B | 85.72 | ― | 0.16% | 0.95% | 488.81% |
* Basic Materials Sector Average
IN:DCW
DCW Ltd.
40.33
-39.06
-49.20%
IN:BEPL
Bhansali Engineering Polymers Ltd.
85.80
-19.31
-18.37%
IN:EPIGRAL
Epigral Ltd
861.30
-1,027.04
-54.39%
IN:GHCL
Ghcl Limited
429.85
-171.79
-28.55%
IN:GULPOLY
Gulshan Polyols Limited
144.10
-39.66
-21.58%
IN:INDIAGLYCO
India Glycols Limited
848.40
319.58
60.43%
DCW Ltd. Corporate Events
DCW Ltd. Discloses Promoter Share Acquisition Under SEBI Exemption
Feb 24, 2026
DCW Ltd. has informed the Indian stock exchanges that it has received a disclosure from promoter Bakul Premchand Jain regarding an acquisition of shares made under an exemption provided by Regulation 10 of the SEBI Substantial Acquisition of Share...
DCW Ltd. Boosts Equity Capital After Completing Amalgamation Share Allotment
Feb 19, 2026
DCW Ltd. has completed a share allotment tied to the amalgamation of Dhrangadhara Trading Company Private Limited and Sahu Brothers Private Limited into the company, following approval of the merger scheme by the National Company Law Tribunal in A...
DCW Ltd Closes Trading Window Ahead of Q3 FY2025 Results
Dec 29, 2025
DCW Limited has announced the closure of its trading window for designated persons and their immediate relatives from 1 January 2026 until 48 hours after the declaration of its financial results for the third quarter and nine months ended 31 Decem...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.