{"id":1871,"date":"2026-05-14T15:28:48","date_gmt":"2026-05-14T09:58:48","guid":{"rendered":"https:\/\/www.bullscreen.in\/news\/?p=1871"},"modified":"2026-05-14T15:28:48","modified_gmt":"2026-05-14T09:58:48","slug":"dcw-limited-q4-results-2026-profit-jumps-60-percent-specialty-chemicals-margin-recovery","status":"publish","type":"post","link":"https:\/\/www.bullscreen.in\/news\/dcw-limited-q4-results-2026-profit-jumps-60-percent-specialty-chemicals-margin-recovery\/","title":{"rendered":"DCW Limited Q4 Results 2026: Profit Jumps 60% as Specialty Chemicals Drive Margin Recovery"},"content":{"rendered":"\n

DCW Limited<\/a> reported a sharp improvement in earnings in its Q4 results 2026 and full-year FY26 performance, supported by strong demand in specialty chemicals<\/a>, lower finance costs, and continued debt reduction.<\/p>\n\n\n\n

The company posted revenue from operations of INR 21,436 million for FY26, marking a 7.2% year-on-year increase despite some PVC production being diverted for captive consumption. EBITDA rose 14.7% YoY to INR 2,216 million, while EBITDA margins improved to 10.34% from 9.66% a year earlier.<\/p>\n\n\n\n

Profit after tax surged 60.1% YoY to INR 482 million, making the latest Q4 results 2026 one of the company\u2019s strongest earnings recoveries in recent years. Diluted EPS climbed nearly 60% to INR 1.63.<\/p>\n\n\n\n

A major highlight of the Q4 results 2026 was the company\u2019s continued deleveraging. Gross debt declined by INR 1,500 million to INR 2,758 million, bringing net debt-to-EBITDA down sharply to 0.32 from 1.09 in FY25. Net debt-to-equity stood at just 0.07, reflecting a stronger balance sheet.<\/p>\n\n\n\n

DCW\u2019s specialty chemicals<\/a> business, including CPVC and SIOP, remained the key earnings driver. The segment contributed 28% of total revenue but accounted for nearly 80% of EBITDA. The company also completed its Phase III CPVC expansion, raising capacity from 40,000 TPA to 50,000 TPA by March 2026.<\/p>\n\n\n\n

Operational efficiency remained strong, with SIOP utilization at 102% and soda ash utilization at 91%. Export revenue contributed 28% of total sales, while ROCE improved to 8.56%.<\/p>\n\n\n\n

As of March 31, 2026, DCW Limited had a market capitalization of INR 11,086.02 million, with promoter shareholding at 45.44% and foreign portfolio investors holding 6.71%.<\/p>\n\n\n\n

<\/i><\/span>DCW Limited Q4 results 2026 Highlights <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>Performance<\/th>YoY Change \/ Status<\/th><\/tr><\/thead>
Revenue from Operations<\/td>INR 21,436 Mn<\/td>\u25b2 7.2%<\/td><\/tr>
EBITDA<\/td>INR 2,216 Mn<\/td>\u25b2 14.7%<\/td><\/tr>
EBITDA Margin<\/td>10.34%<\/td>Improved from 9.66%<\/td><\/tr>
Profit After Tax (PAT)<\/td>INR 482 Mn<\/td>\u25b2 60.1%<\/td><\/tr>
Diluted EPS<\/td>INR 1.63<\/td>\u25b2 59.8%<\/td><\/tr>
Gross Debt<\/td>INR 2,758 Mn<\/td>Reduced by INR 1,500 Mn<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Business & Operational Snapshot <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>Key Data<\/th><\/tr><\/thead>
Specialty Chemicals Revenue Contribution<\/td>28%<\/td><\/tr>
Specialty Chemicals EBITDA Contribution<\/td>80%<\/td><\/tr>
Basic Chemicals Revenue Contribution<\/td>71%<\/td><\/tr>
CPVC Capacity Expansion<\/td>40,000 TPA \u2192 50,000 TPA<\/td><\/tr>
SIOP Capacity Utilization<\/td>102%<\/td><\/tr>
Soda Ash Capacity Utilization<\/td>91%<\/td><\/tr>
Export Revenue Share<\/td>28% of total revenue<\/td><\/tr>
Captive Power Plant<\/td>58 MW<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Balance Sheet & Market Data <\/h2>
<\/div><\/div>\n\n\n\n
Metric<\/th>FY26 Status<\/th><\/tr><\/thead>
Net Debt to Equity<\/td>0.07<\/td><\/tr>
Net Debt to EBITDA<\/td>0.32<\/td><\/tr>
ROCE<\/td>8.56%<\/td><\/tr>
Working Capital Days<\/td>1 Day<\/td><\/tr>
Market Capitalization<\/td>INR 11,086.02 Mn<\/td><\/tr>
Current Market Price (CMP)<\/td>INR 37.56<\/td><\/tr>
Promoter Holding<\/td>45.44%<\/td><\/tr>
FPI Holding<\/td>6.71%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/856f496f-da79-4748-a79d-54b29894b2f3.pdf<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

DCW Limited reported a sharp improvement in earnings in its Q4 results 2026 and full-year…<\/p>\n","protected":false},"author":2,"featured_media":1872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[355,264],"class_list":["post-1871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chemicals","tag-dcw","tag-q4-results-2026"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/comments?post=1871"}],"version-history":[{"count":1,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1871\/revisions"}],"predecessor-version":[{"id":1873,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/posts\/1871\/revisions\/1873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media\/1872"}],"wp:attachment":[{"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/media?parent=1871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/categories?post=1871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullscreen.in\/news\/wp-json\/wp\/v2\/tags?post=1871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}