DCW Ltd
DCW Ltd (DCW) last reported results for the quarter ended Jun 2026, with sales of ₹542 crore and net profit of ₹35 crore. The stock last traded at ₹44.2, a market capitalisation of ₹1,304 crore, on a P/E of 18.3. Over the past 52 weeks the stock has ranged between ₹37.1 and ₹72.4. Figures are as of 9 Oct 2026 and are not real time.
DCW Ltd share price and key metrics
- Current price
- ₹44.2
- Market cap
- ₹1,304 cr
- Stock P/E
- 18.3
- Book value
- ₹36.4
- ROE
- 4.74%
- ROCE
- 9.89%
- Dividend yield
- 0.68%
- 52w high / low
- 72.4/37.1
Metrics as of 9 Oct 2026. Not real time.
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DCW Ltd growth and returns
- 10 Years
- 5%
- 5 Years
- 8%
- 3 Years
- -7%
- TTM
- 12%
- 10 Years
- 11%
- 5 Years
- 67%
- 3 Years
- -32%
- TTM
- 105%
- 10 Years
- 2%
- 5 Years
- -4%
- 3 Years
- -8%
- 1 Year
- -36%
- 10 Years
- 4%
- 5 Years
- 7%
- 3 Years
- 3%
- Last Year
- 5%
DCW Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹542 cr, up 13.9% from ₹476 cr a year earlier. Net profit was ₹35 cr, up 218.2% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 489 | 474 | 538 | 476 | 539 | 520 | 609 | 542 |
| Expenses | 453 | 417 | 482 | 422 | 481 | 475 | 544 | 506 |
| Operating profit | 35 | 57 | 56 | 54 | 58 | 45 | 65 | 36 |
| OPM % | 7% | 12% | 10% | 11% | 11% | 9% | 11% | 7% |
| Other income | 6 | 5 | 6 | 4 | 5 | 5 | 6 | 6 |
| Interest | 18 | 16 | 16 | 15 | 16 | 16 | 15 | 15 |
| Depreciation | 25 | 25 | 25 | 25 | 26 | 26 | 26 | 26 |
| Profit before tax | -2 | 20 | 21 | 18 | 21 | 8 | 28 | 0 |
| Tax % | -30% | 34% | 45% | 36% | 34% | 35% | 36% | -9,497% |
| Net profit | -1 | 13 | 11 | 11 | 14 | 5 | 18 | 35 |
| EPS (₹) | -0.04 | 0.45 | 0.38 | 0.39 | 0.47 | 0.17 | 0.61 | 1.17 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
DCW Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,176 | 1,187 | 1,353 | 1,277 | 1,464 | 2,455 | 2,634 | 1,872 | 2,000 | 2,144 | 2,210 |
| Operating profit | 147 | 126 | 163 | 147 | 209 | 328 | 429 | 177 | 194 | 225 | 204 |
| OPM % | 13% | 11% | 12% | 12% | 14% | 13% | 16% | 9% | 10% | 11% | 9% |
| Net profit | 20 | -20 | -4 | -27 | 4 | 108 | 192 | 16 | 30 | 48 | 71 |
| EPS (₹) | 0.92 | -0.91 | -0.19 | -1.03 | 0.15 | 4.12 | 6.50 | 0.53 | 1.02 | 1.63 | 2.42 |
TTM is the trailing twelve months to the most recent quarter.
DCW Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 44 | 44 | 44 | 52 | 52 | 52 | 59 | 59 | 59 | 59 |
| Reserves | 611 | 591 | 587 | 626 | 635 | 750 | 966 | 973 | 974 | 1,016 |
| Borrowings | 770 | 814 | 683 | 605 | 624 | 556 | 508 | 439 | 427 | 290 |
| Other liabilities | 528 | 455 | 504 | 550 | 564 | 546 | 530 | 618 | 718 | 724 |
| Total liabilities | 1,952 | 1,904 | 1,819 | 1,834 | 1,875 | 1,903 | 2,063 | 2,089 | 2,178 | 2,089 |
| Fixed assets | 1,531 | 1,471 | 1,534 | 1,467 | 1,407 | 1,352 | 1,296 | 1,312 | 1,270 | 1,304 |
| CWIP | 122 | 124 | 7 | 12 | 4 | 8 | 60 | 41 | 56 | 22 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 27 | 20 |
| Other assets | 299 | 309 | 278 | 354 | 464 | 543 | 708 | 716 | 825 | 744 |
| Total assets | 1,952 | 1,904 | 1,819 | 1,834 | 1,875 | 1,903 | 2,063 | 2,089 | 2,178 | 2,089 |
As reported by the company. Total assets equal total liabilities by construction.
DCW Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 223 | 57 | 285 | 170 | 218 | 178 | 226 | 252 | 191 | 278 |
| Cash from investing | -95 | -13 | -45 | -43 | -78 | 52 | -165 | -99 | -112 | -63 |
| Cash from financing | -128 | -44 | -241 | -119 | -99 | -192 | -139 | -153 | -78 | -221 |
| Net cash flow | -0 | 0 | -0 | 8 | 41 | 38 | -78 | 1 | 1 | -7 |
| Free cash flow | 126 | 37 | 255 | 154 | 200 | 141 | 140 | 162 | 116 | 187 |
| CFO / operating profit | 157% | 45% | 175% | 117% | 104% | 61% | 64% | 150% | 103% | 122% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
DCW Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 6% | 3% | 6% | 5% | 10% | 18% | 25% | 7% | 8% | 10% |
| Debtor days | 25 | 26 | 20 | 21 | 24 | 17 | 18 | 22 | 18 | 24 |
| Inventory days | 83 | 96 | 66 | 102 | 82 | 63 | 97 | 139 | 143 | 96 |
| Days payable | 167 | 106 | 149 | 186 | 144 | 76 | 78 | 125 | 129 | 122 |
| Cash conversion cycle | -59 | 16 | -63 | -63 | -38 | 5 | 38 | 37 | 32 | -1 |
| Working capital days | -115 | -116 | -126 | -89 | -63 | -15 | 3 | -18 | -30 | -34 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
DCW Ltd shareholding pattern
Promoters held 45.59% at Jun 2026, up from 44.81% at Jun 2025. FIIs 6.11% and DIIs 0.05%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 44.86% | 44.86% | 44.87% | 44.81% | 44.62% | 45.14% | 45.44% | 45.59% |
| FIIs | 11.25% | 11.35% | 10.82% | 10.05% | 9.18% | 8.57% | 6.71% | 6.11% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.05% |
| Public | 43.87% | 43.77% | 44.31% | 45.12% | 46.18% | 46.27% | 47.84% | 48.25% |
| No. of shareholders | 1,12,841 | 1,11,827 | 1,09,430 | 1,09,256 | 1,08,389 | 1,08,430 | 1,07,475 | 1,08,567 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
DCW Ltd corporate filings
- Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Closure of trading windowInsider Trading / SASTlow impact
- DCW Limited announces successful conclusion of 87th Annual General Meeting and shareholder approval of all resolutionsAGM/EGMlow impact
Cruxal's analysis: DCW Limited has successfully concluded its 87th Annual General Meeting held on September…
Read the full analysis - DCW Limited Concludes 87th Annual General Meeting; Declares Final Dividend of INR 0.20 per ShareAGM/EGMlow impact
Cruxal's analysis: DCW Limited has successfully concluded its 87th Annual General Meeting held on September…
Read the full analysis - DCW Ltd announces newspaper publication regarding re-lodgment of physical share transfer requestsCompany Updatelow impact
Cruxal's analysis: DCW Ltd has issued a mandatory newspaper publication concerning the re-lodgment of…
Read the full analysis - DCW Limited announces 87th Annual General Meeting scheduled for September 26, 2026Company Updatelow impact
Cruxal's analysis: DCW Limited has issued a formal disclosure regarding the dispatch of its Annual Report…
Read the full analysis - DCW Ltd announces record date for corporate actionCorp. Actionlow impact
Cruxal's analysis: DCW Ltd has issued an intimation regarding a record date for a corporate action. The…
Read the full analysis - DCW Limited schedules 87th Annual General Meeting for September 26, 2026, and sets record date for final dividendCorp. Actionlow impact
Cruxal's analysis: DCW Limited has announced that its 87th Annual General Meeting (AGM) will be held on…
Read the full analysis - DCW Ltd announces change in corporate identityCompany Updatelow impact
Cruxal's analysis: DCW Ltd has issued a communication regarding a change in its corporate identity. The…
Read the full analysis - DCW Ltd files routine regulatory intimation under SEBI LODR Regulation 30Company Updatelow impact
Cruxal's analysis: DCW Ltd has submitted a routine disclosure under Regulation 30 of the SEBI (LODR)…
Read the full analysis - DCW Ltd announces Annual General Meeting scheduled for September 26, 2026Company Updatelow impact
Cruxal's analysis: DCW Ltd has published a newspaper notice regarding its upcoming Annual General Meeting…
Read the full analysis - DCW Limited issues communication regarding Tax Deduction at Source (TDS) on final dividend for FY 2025-26Company Updatelow impact
Cruxal's analysis: DCW Limited has issued a formal communication to shareholders regarding the mandatory Tax…
Read the full analysis - DCW Ltd issues mandatory notice for physical security holders to update KYC and PAN detailsCompany Updatelow impact
Cruxal's analysis: DCW Ltd has issued a formal intimation to shareholders holding physical securities to…
Read the full analysis - DCW Ltd confirms restoration and resumption of operations at Dhrangadhra plantCompany Updatelow impact
Cruxal's analysis: DCW Ltd has announced the successful completion of restoration activities at its…
Read the full analysis - DCW Limited Announces INR250 Crore Capex for Synthetic Iron Oxide Pigment Expansion and Captive Power InfrastructureCompany Updatehigh impact
Cruxal's analysis: DCW Limited reported Q1 FY27 revenue of INR542 crore, a 14% YoY growth, though…
Read the full analysis - DCW Ltd recognized as a Three Star Export House by the Ministry of Commerce & IndustryCompany Updatelow impact
Cruxal's analysis: DCW Ltd has been officially recognized as a 'Three Star Export House' by the Ministry of…
Read the full analysis - DCW Ltd resumes operations at Dhrangadhra plant following restoration of normalcyCompany Updatelow impact
Cruxal's analysis: DCW Ltd has officially announced the restoration of normalcy and the resumption of…
Read the full analysis - DCW Ltd concludes analyst and investor conference call on August 14, 2026Company Updatelow impact
Cruxal's analysis: DCW Ltd held a conference call with analysts and investors on August 14, 2026, to discuss…
Read the full analysis - DCW Limited Reports Q1 FY2027 Financial Results with Significant Profit GrowthCompany Updatehigh impact
Cruxal's analysis: DCW Limited has reported its unaudited financial results for the quarter ended June 30…
Read the full analysis - DCW Limited Q1-FY27 Results: Revenue Grows 14% YoY, but EBITDA Margins Contract Amidst VCM Supply ChallengesCompany Updatehigh impact
Cruxal's analysis: DCW Limited reported Q1-FY27 revenue of 541.9 crore, a 14% YoY increase, driven by strong…
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