DCW quarterly results and financials

DCW (DCW)₹47.69+0.25%(9 Nov 2026 close)Petrochemicals

Key facts

In the Mar 2026 quarter (standalone), DCW reported sales of ₹609 Cr, up 13.1% from Mar 2025, and net profit of ₹18.04 Cr, up 63.7% year on year. For the year to Mar 2026, sales were ₹2,145 Cr and net profit ₹48.11 Cr.

Sales (Mar 2026): ₹609 Cr
Net profit (Mar 2026): ₹18.04 Cr
Sales (FY Mar 2026): ₹2,145 Cr
Net profit (FY Mar 2026): ₹48.11 Cr
EPS (Mar 2026): ₹0.62
Borrowings (Mar 2026): ₹289 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

DCW quarterly results

₹ crore unless stated; each column is a quarter.

DCW Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	438	415	398	622	501	489	475	539	477	540	521	609
Expenses	387	373	377	557	453	452	417	481	421	480	474	543
Operating Profit	50.83	41.87	18.95	62.81	44.83	34.90	56.84	55.82	53.80	57.78	44.87	64.76
OPM %	12.1%	10.1%	4.9%	10.1%	9.0%	7.1%	12.1%	10.1%	11.0%	11.1%	9.1%	11.0%
Other Income	3.99	3.99	2.99	5.99	5.99	5.99	4.99	5.99	3.99	4.99	4.99	5.99
Interest	17.03	19.04	18.03	20.04	17.03	18.02	16.04	16.03	15.04	16.03	16.03	15.02
Depreciation	23.01	23.01	24.01	23.98	25.01	24.98	24.98	24.99	25.01	25.99	25.99	25.98
Profit before tax	15.01	4.01	−19.03	25.03	10.01	−2.01	20.03	21.01	18.01	21.02	8.01	28.03
Tax %	35.0%	41.0%	−35.1%	38.0%	34.0%	−30.0%	34.0%	45.0%	36.0%	34.0%	35.0%	36.0%
Exceptional items	0.00	0.00	−1.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	10.01	3.01	−12.01	15.03	7.01	−1.01	13.02	11.02	11.02	14.01	5.01	18.04
EPS (Rs)	0.35	0.10	−0.43	0.53	0.24	−0.05	0.46	0.39	0.40	0.48	0.18	0.62

DCW profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

DCW Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,264	1,178	1,188	1,355	1,277	1,464	2,458	2,637	1,873	2,004	2,145	2,146
Expenses	1,112	1,028	1,059	1,188	1,127	1,252	2,123	2,201	1,691	1,804	1,919	1,918
Operating Profit	149	146	126	163	146	208	327	428	176	193	221	221
OPM %	12.1%	13.1%	11.1%	12.1%	12.1%	14.1%	13.1%	16.1%	9.1%	10.1%	10.0%	10.3%
Other Income	2.99	1.99	5.99	2.99	7.99	10.98	16.98	60.90	15.98	22.96	18.98	19.96
Interest	58.09	57.11	93.12	104	107	120	113	126	74.13	67.14	62.09	62.12
Depreciation	68.95	67.96	87.99	83.01	86.94	86.95	89.04	89.95	93.92	99.95	104	103
Profit before tax	27.02	25.01	−49.06	−22.01	−40.01	14.02	143	274	25.03	49.03	75.08	75.07
Tax %	36.0%	19.0%	−59.0%	−80.0%	−33.0%	72.0%	25.0%	30.0%	38.0%	39.0%	35.0%	—
Exceptional items	0.00	−2.01	0.00	−1.01	−1.01	0.00	8.03	32.14	−1.01	0.00	0.00	0.00
Net Profit	17.02	20.04	−20.02	−4.01	−27.05	4.01	108	192	16.03	30.05	48.11	48.08
EPS (Rs)	0.79	0.93	−0.92	−0.20	−1.04	0.16	4.13	6.52	0.54	1.04	1.64	1.68
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	10.1%	8.1%	0.0%	10.1%	12.1%	—

DCW balance sheet

₹ crore, at each year end.

DCW Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	43.06	44.11	44.05	44.07	44.10	52.07	52.09	52.10	59.13	59.13	59.09	59.12
Reserves	517	592	611	592	588	626	636	751	966	974	975	1,016
Borrowings	777	844	767	812	681	602	621	554	506	438	425	289
Other Liabilities	509	483	530	457	506	551	565	546	531	617	718	724
Total Liabilities	1,847	1,963	1,951	1,905	1,820	1,832	1,874	1,902	2,063	2,088	2,177	2,088
Fixed Assets	635	1,259	1,530	1,471	1,534	1,465	1,406	1,351	1,295	1,310	1,269	1,303
CWIP	849	367	122	124	7.01	12.01	4.01	8.01	60.07	41.05	56.05	22.03
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.09	27.13	20.07
Other Assets	363	336	299	309	278	354	464	543	709	716	826	745
Inventories	166	168	135	157	122	177	169	248	346	378	429	309
Trade receivables	94.83	117	79.81	85.83	73.89	72.86	94.75	116	133	114	98.86	142
Cash & equivalents	7.02	2.01	2.01	4.02	17.07	50.17	123	112	169	170	216	205
Total Assets	1,847	1,963	1,951	1,905	1,820	1,832	1,874	1,902	2,063	2,088	2,177	2,088

DCW cash flow

₹ crore, for each year.

DCW Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	69.06	123	223	57.04	285	170	218	178	226	252	191	278
Cash from investing activity	−86.80	−99.84	−94.78	−12.98	−44.92	−42.95	−77.85	51.94	−165	−98.87	−112	−62.85
Cash from financing activity	19.06	−23.07	−128	−44.10	−242	−119	−99.22	−193	−139	−153	−78.19	−222
Net cash flow	0.99	−0.99	0.00	0.00	0.00	7.98	40.87	37.89	−77.75	0.99	0.99	−6.97
Capex	89.99	104	97.01	19.98	30.99	15.99	17.98	38.01	85.92	93.91	75.96	92.89
Free cash flow	−19.96	21.98	126	36.96	255	154	200	141	140	162	117	192
CFO / OP %	112.1%	83.0%	157.1%	45.1%	175.0%	117.0%	104.1%	61.1%	64.1%	150.1%	103.1%	124.1%

DCW ratios

Working-capital days and returns, by year.

DCW Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	28	34	25	26	20	21	24	17	18	22	18	24
Inventory days	88	101	84	97	67	103	83	64	98	140	144	97
Days payable	154	136	166	105	148	185	143	75	77	124	128	121
Cash conversion cycle	−40	−3	−59	16	−63	−63	−38	5	38	37	32	−1
Working capital days	−70	−85	−115	−116	−126	−89	−63	−15	3	−18	−30	−34
ROCE %	1.0%	6.0%	6.0%	3.0%	6.0%	5.0%	9.9%	17.9%	24.9%	7.0%	7.9%	9.9%

DCW: frequently asked questions

What are the latest quarterly results of DCW?

For the Mar 2026 quarter, DCW reported sales of ₹609 Cr, up 13.1% year on year and net profit of ₹18.04 Cr, up 63.7% year on year. The operating margin was 11.0%.

What is the annual revenue of DCW?

DCW's sales for the year to Mar 2026 were ₹2,145 Cr; over the last twelve months they were ₹2,146 Cr.

What is the net profit of DCW?

Net profit for the year to Mar 2026 was ₹48.11 Cr, and ₹48.08 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.68.

How much debt does DCW have?

DCW reported borrowings of ₹289 Cr at Mar 2026, against cash and equivalents of ₹205 Cr.

What is the free cash flow of DCW?

Cash from operations was ₹278 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹192 Cr.

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