DCW Ltd (DCW) — shareholding pattern, promoter holding, financials and share price
About DCW Ltd (DCW)
DCW Ltd operates in the Petrochemicals industry, within the Chemicals sector. It trades on the NSE as DCW and on the BSE under scrip code 500117. Its ISIN is INE500A01029.
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] It was started as Dhrangadhra Chemical Works in 1939 when it took over the India's first Soda Ash facility at Dhrangadhra which was established in 1925. [2]
DCW Limited is a multi-product Indian chemical manufacturer with two integrated manufacturing hubs in Dhrangadhra (Gujarat) and Sahupuram (Tamil Nadu), producing basic chemicals like soda ash, caustic and PVC as well as specialty products including C-PVC and Synthetic Iron Oxide Pigments (SIOP).
The company is mid-transition from commodity to specialty chemicals, evidenced by specialty contribution rising to ~26% of revenue and delivering almost all segmental EBITDA, with CPVC and SIOP volumes growing rapidly after recent capacity additions and debottlenecking initiatives.
Listed peers in Petrochemicals: Manali Petrochemicals Ltd, Tamil Nadu Petro Products Ltd, Agarwal Industrial Corporation Ltd, Kothari Petrochemicals Ltd, Pasupati Acrylon Ltd, Kothari Sugars & Chemicals Ltd.
Valuation & Returns
10 Jul 2026At ₹49.13 a share on 10 Jul 2026, DCW Ltd (DCW) was valued at a price-to-earnings ratio of 30.1x against an industry P/E of 45.11x and a price-to-book of 1.4x on a book value of ₹34.99 per share as of Mar 2025. Solomo computes return on equity of 4.67% and return on capital employed of 9.37% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 30.1x
- Industry P/E
- 45.11x
- P/B
- 1.4x
- EPS (TTM)
- ₹1.63
- Book value / share
- ₹34.99
- ROE
- 4.67%
- ROCE
- 9.37%
- ROA
- 2.21%
- Debt / equity
- 0.41x
- Dividend yield
- 0.41%
- EBITDA margin
- 11.23%
- 52-week range
- ₹37.15 – ₹81.98
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2015In the year ended Mar 2015, DCW Ltd (DCW) reported revenue of ₹1,253 crore, net profit of ₹-6 crore and earnings per share of ₹-0.28. That compares with revenue of ₹1,324 crore and net profit of ₹38 crore in Mar 2014. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹609 crore and net profit ₹18 crore (standalone).
| Metric | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,057 | 1,183 | 1,327 | 1,324 | 1,253 |
| Net profit (₹ cr) | 29 | 31 | 105 | 38 | -6 |
| EPS (₹) | 1.47 | 1.51 | 5 | 1.81 | -0.28 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 4.05% | 9.39% | -6.60% | -5.36% |
| Profit growth | 6.54% | - | -34.45% | -115.63% |
| Stock price CAGR | 5% | 3% | 2% | -39% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 45.59% of DCW Ltd (DCW) (up 0.15 pp QoQ), foreign institutional investors (FII) hold 6.12% and domestic institutional investors (DII) hold 0.06%. Promoters have pledged 3.8% of their holding. Market capitalisation was ₹1,450 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: ERISKA INVESTMENT FUND LTD 2.77%, FOUR DIMENSIONS SECURITIES (INDIA) LTD 2.28%, RADHAKRISHNA RAMNARAIN PVT LTD 1.95%, PP VENTURES LLP 1.36%, CTL TRUSTEESHIP LIMITED 1.02%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 45.59% | 3.8% | 6.12% | 0.06% | 54.41% |
| Mar 2026 | 45.44% | 3.8% | 6.71% | 0.02% | 54.56% |
| Dec 2025 | 45.14% | 3.9% | 8.57% | 0.02% | 54.86% |
| Sep 2025 | 44.62% | 3.9% | 9.18% | 0.02% | 55.38% |
| Jun 2025 | 44.81% | 3.9% | 10.05% | 0.02% | 55.19% |
| Mar 2025 | 44.87% | 3.9% | 10.81% | 0.02% | 55.13% |
| Dec 2024 | 44.86% | 3.9% | 11.36% | 0.02% | 55.14% |
| Sep 2024 | 44.86% | 3.9% | 11.25% | 0.02% | 55.14% |