Dishman Carbogen Amcis Ltd
NSE:DCAL

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Dishman Carbogen Amcis Ltd Logo
Dishman Carbogen Amcis Ltd
NSE:DCAL
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Price: 263.03 INR 2.46% Market Closed
Market Cap: 41.2B INR

Dishman Carbogen Amcis Ltd
Investor Relations

Dishman Carbogen Amcis Ltd. is a manufacturing company, which engages in the provision of outsourcing services for the pharmaceutical industry. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-09-21. The firm's segments include CRAMS and Vitamin - D, Bulk Drugs, Quats, Specialty Chemicals and traded goods. The firm assists pharma companies through various stages of drug development from process research and development to late-stage clinical and commercial manufacturing facilities, along with the supply of active pharmaceutical ingredients (APIs) and intermediates. The firm has manufacturing and research facilities in India, Switzerland, France, Netherlands, United Kingdom and China. The firm's subsidiaries include CARBOGEN AMCIS (Shanghai) Co. Ltd, Dishman Infrastructure Ltd., Dishman Carbogen Amcis (Singapore) Pte. Ltd., CARBOGEN AMCIS Holding AG and Dishman Biotech Ltd.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 5, 2025
AI Summary
Q2 2026

Strong Profitability: Q2 FY26 saw robust operating and cash profits, with EBITDA up 64.4% YoY for the first half and EBITDA margin at 22.8% in Q2.

Revenue Trends: Revenue for Q2 was INR 652.6 crores, down from last year's high due to order deferment in FY25. Management expects 8–10% revenue growth for FY26 and targets INR 3,000 crores CDMO revenue in FY27.

Margin Improvement: Margins rose due to a mix shift towards high-margin Phase III work, especially from Japanese customers; CDMO EBITDA margin reached 25.3% in Q2.

Segment Performance: Marketable Molecules revenue grew 85% YoY in Q2, with cholesterol and vitamin D analogs performing above target.

Guidance Reaffirmed: Management maintained guidance for 20% EBITDA margin and is on track to hit revenue and profitability goals for the year.

Strategic Developments: Integration efforts across finance, sales, and IT are progressing to improve operational efficiency.

Capacity Utilization: Bavla site utilization remains low but is expected to ramp up significantly over the next three years.

Debt Reduction: Net debt declined and a fundraise of INR 500–700 crores is planned primarily to retire Indian debt.

Key Financials
Revenue
INR 652.6 crores
EBITDA
INR 149 crores (Q2), INR 289.5 crores (H1)
EBITDA Margin
22.8% (Q2), 21.3% (H1)
Profit After Tax
INR 65 crores (Q2), INR 88.6 crores (H1)
Net Debt
CHF 141 million
CDMO Revenue
INR 509 crores (Q2)
Marketable Molecules Revenue
INR 143 crores (Q2), INR 240 crores (H1)
CDMO EBITDA Margin
25.3% (Q2)
Marketable Molecules EBITDA Margin
14% (Q2), 21.4% (H1)
Employee Expenses
INR 333 crores (Q2)
Other Expenses
INR 136.5 crores (Q2)
Depreciation and Amortization
INR 84 crores (Q2)
Finance Cost
INR 42 crores (Q2)
Profit Before Tax
INR 30.5 crores (Q2)
CapEx
$7.3 million (Q2), $13 million (H1)
Working Capital Cycle
75–80 days
Total Debt
INR 2,200 crores
Cash Balance
INR 600 crores
Other Earnings Calls

Management

Mr. Arpit Janmejay Vyas
Global MD & Director
No Bio Available
Ms. Deohooti Janmejay Vyas
Whole Time Director
No Bio Available
Mr. Harshil R. Dalal
Global Chief Financial Officer
No Bio Available
Mr. Paolo Armanino
Chief Operating Officer of Indian Operations
No Bio Available
Ms. Shrima Gaurangbhai Dave
Compliance Officer & Company Secretary
No Bio Available
Mr. Dharmesh Desai
GM of Secretarial & Legal
No Bio Available
Mr. Francois Baduel
Vice President of Sales & Marketing
No Bio Available
Dieter Thuer
Vice President of Human Resources
No Bio Available
Mr. Pascal Villemagne
Chief Executive Officer of CARBOGEN AMCIS
No Bio Available
Dr. Himani S. Dhotre
CEO of Projects & Operations
No Bio Available

Contacts

Address
GUJARAT
Ahmedabad
Dishman Corporate House, Iscon-Bopal Road, Ambli
Contacts