DCW Ltd
NSE:DCW
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DCW Ltd
DCW Ltd. manufactures and markets chemicals. The company is headquartered in Mumbai, Maharashtra. The firm offers a range of products with a focus on commodity chemicals, specialty chemicals, and intermediate products. The firm's commodity chemicals include soda ash, caustic soda, and poly vinyl chloride (PVC). Its intermediate Chemicals includes liquid chlorine, hydrochloric acid, trichloroethylene, utox, and sodium bicarbonate among others. Its specialty chemicals includes synthetic rutile (SR), synthetic iron oxide pigments (SIOP) and chlorinated poly vinyl chloride (C-PVC). The firm also manufacturers niche specialty chemicals in India. The firm's basic chemistry product range provides ingredients to the manufacturers of agricultural products, detergents, food, pharmaceuticals, pigments, fertilizers, alumina, and other industrial products. The firm has two manufacturing units at Dhangadhra, Gujrat and sahupurram, Tamil Nadu.
DCW Ltd. manufactures and markets chemicals. The company is headquartered in Mumbai, Maharashtra. The firm offers a range of products with a focus on commodity chemicals, specialty chemicals, and intermediate products. The firm's commodity chemicals include soda ash, caustic soda, and poly vinyl chloride (PVC). Its intermediate Chemicals includes liquid chlorine, hydrochloric acid, trichloroethylene, utox, and sodium bicarbonate among others. Its specialty chemicals includes synthetic rutile (SR), synthetic iron oxide pigments (SIOP) and chlorinated poly vinyl chloride (C-PVC). The firm also manufacturers niche specialty chemicals in India. The firm's basic chemistry product range provides ingredients to the manufacturers of agricultural products, detergents, food, pharmaceuticals, pigments, fertilizers, alumina, and other industrial products. The firm has two manufacturing units at Dhangadhra, Gujrat and sahupurram, Tamil Nadu.
Strong EBITDA Growth: DCW reported Q2 EBITDA of INR 62.6 crores, up 51% year-on-year and 8.5% sequentially, with margin improvement to 10.78%.
Revenue Growth: Quarterly revenue grew 10.2% year-on-year to INR 539 crores, and 13% sequentially, driven by higher volumes across segments.
Specialty Chemicals Expansion: C-PVC capacity was doubled ahead of schedule and ramped up immediately, leading to record quarterly sales, despite a 15% drop in C-PVC prices.
PAT Turns Positive: Profit after tax was INR 13.8 crores for Q2, a turnaround from a loss of INR 1.2 crores last year; H1 PAT up 4.5x to INR 25 crores.
Debt Reduction: Gross debt reduced by INR 61 crores in H1, with net debt at INR 155 crores and plans to be below 0.5x net debt/EBITDA by year-end.
Outlook: Management expects a stronger second half, with benefits from expanded C-PVC, continued cost savings, and export momentum.
