| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 663 | 539 | +22.9% |
| EBITDA | 47.5 | 58.0 | −18.2% |
| EBITDA margin | 7.2% | 10.8% | −3.6 pts |
| Profit before tax | 14.0 | 21.1 | −33.4% |
| Net profit | 10.4 | 13.8 | −25.0% |
| EPS | ₹0.35 | ₹0.47 | −25.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,158 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 68.9 | 5.2 | 18.3 | 10.9 | 9.9 | ||
| 310 | 310 | 426 | 436 | 505 | ||
| 1,399 | — | — | — | — | ||
| 2,334 | 2,144 | 2,000 | 1,872 | 2,634 | ||
| — | +7.2% | +6.9% | −28.9% | — | ||
| 193 | 222 | 193 | 176 | 428 | ||
| 8.3% | 10.3% | 9.7% | 9.4% | 16.3% | ||
| 87.1 | 118 | 93.5 | 81.7 | 338 | ||
| 67.9 | 48.2 | 30.3 | 15.7 | 192 | ||
| 2.9% | 2.3% | 1.5% | 0.8% | 7.3% | ||
| ₹2.30 | ₹1.63 | ₹1.03 | ₹0.53 | ₹6.50 | ||
| — | +59.1% | +93.4% | −91.8% | — | ||
| — | 278 | 191 | 252 | 226 | ||
| — | −93.1 | −76.5 | −93.6 | −86.2 | ||
| 185 | 185 | 114 | 158 | 140 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 1,157.6 | |
| - Cash, Equiv & ST Investments | 9.9 | 10.9 | 18.3 | 5.2 | 68.9 | |
| + Total Debt | 504.9 | 436.4 | 425.8 | 310.0 | 310.0 | |
| Enterprise Value | — | — | — | — | 1,398.7 | |
| Revenue | 2,633.8 | 1,871.6 | 2,000.3 | 2,143.6 | 2,333.6 | |
| Growth %, YoY | — | -28.9 | +6.9 | +7.2 | — | |
| EBITDA | 428.5 | 175.5 | 193.4 | 221.6 | 193.0 | |
| Margin % | 16.27 | 9.38 | 9.67 | 10.34 | 8.27 | |
| EBIT | 338.3 | 81.7 | 93.5 | 117.7 | 87.1 | |
| Net Income | 192.0 | 15.7 | 30.3 | 48.2 | 67.9 | |
| Margin % | 7.29 | 0.84 | 1.51 | 2.25 | 2.91 | |
| EPS, Adj (current shares) | 6.50 | 0.53 | 1.03 | 1.63 | 2.30 | |
| Growth %, YoY | — | -91.8 | +93.4 | +59.1 | — | |
| Cash from Operations | 225.9 | 252.1 | 190.8 | 278.0 | — | |
| Capital Expenditures | -86.2 | -93.6 | -76.5 | -93.1 | — | |
| Free Cash Flow | 139.7 | 158.5 | 114.3 | 184.8 | 184.8 | |
Prices at the previous close · figures from the company's filings with NSE
DCW (NSE: DCW) had a market capitalisation of ₹1,158 crore at the previous close (₹39.22 a share), a PE ratio of 17.1 on the last four quarters' profit and a price-to-book ratio of 1.03. In FY26 its consolidated net profit was ₹48.2 crore on revenue of ₹2,144 crore; in Q2 FY27 (July–September 2026) it was ₹10.4 crore, down 25.0% year on year. Its debt-to-equity ratio was 0.29 on 30 September 2026. Promoters held 45.59% of the shares on 30 September 2026.
DCW's PE ratio is 17.1 at the previous close (₹39.22 a share): a market capitalisation of ₹1,158 crore divided by consolidated net profit of ₹67.9 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹48.2 crore) it is 24.0.
DCW's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,120 crore on 30 September 2026, up 5.8% from ₹1,058 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,158 crore at the previous close.
DCW's book value per share was ₹37.94 on 30 September 2026: shareholders' equity of ₹1,120 crore divided by the 29.52 crore shares in issue, up 5.8% from ₹35.84 a year earlier. The share price at the previous close was ₹39.22.
DCW's price-to-book (PB) ratio is 1.03 at the previous close: a market capitalisation of ₹1,158 crore divided by shareholders' equity (book value) of ₹1,120 crore on 30 September 2026. That is a book value of ₹37.94 per share against a share price of ₹39.22.
In FY26, DCW's return on equity (ROE) was 4.6% and its return on capital employed (ROCE) was 8.4%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 2.9% and ROCE 6.4%.
DCW's dividend yield is 0.76% at the previous close: dividends of ₹0.30 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹39.22. They were ₹0.20 on 18 September 2026 and ₹0.10 on 20 February 2026 (interim).
DCW's market capitalisation was ₹1,158 crore at the previous close: 29.52 crore shares at ₹39.22 each.
No. DCW had borrowings of ₹323 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.29. Its cash and current investments were ₹297 crore, so its net debt was ₹25.5 crore.
DCW's basic earnings per share (EPS) were ₹1.63 in FY26, against ₹1.03 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹2.30.
DCW's debt-to-equity ratio was 0.29 on 30 September 2026: borrowings of ₹323 crore against total equity of ₹1,120 crore. A year earlier, on 30 September 2025, it was 0.36.
Promoters held 45.59% of DCW on 30 September 2026, unchanged from the previous quarter and up 0.97 percentage points from 44.62% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, DCW generated ₹278 crore of cash from operations and spent ₹93.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹185 crore. In FY25 it was ₹114 crore.
In 2026, DCW has declared two dividends totalling ₹0.30 a share: ₹0.10 (interim) with record date 20 February 2026 and ₹0.20 with record date 19 September 2026 and ex-date 18 September 2026.
DCW's latest results are for Q2 FY27 (July–September 2026): consolidated net profit ₹10.4 crore, down 25.0% from ₹13.8 crore in Q2 FY26; revenue from operations ₹663 crore, up 22.9% year on year.
In FY26 (April 2025–March 2026), DCW's consolidated net profit was ₹48.2 crore, up 59.1% from ₹30.3 crore in FY25, on revenue from operations of ₹2,144 crore (up 7.2%). Over three years, from FY23, net profit was down 74.9%.
On 30 September 2026, DCW's shares were held by promoters 45.59%, foreign portfolio investors (FII/FPI) 5.34%, domestic institutions (DII) 0.20% (including mutual funds at 0.00%) and retail and other non-institutional investors 48.87%. Over the year, FII holding was down 3.84 percentage points from 9.18% and DII holding was up 0.18 percentage points from 0.02%.
DCW has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, DCW earned net profit of ₹48.2 crore on revenue of ₹2,144 crore, against ₹130 crore on ₹1,022 crore for Manali Petrochemicals. DCW's operating margin was 5.5% (Manali Petrochemicals 4.7%) and its return on equity 4.6% (Manali Petrochemicals 10.9%).
On FY26 consolidated figures, against Manali Petrochemicals, Tamilnadu PetroProducts and Agarwal Industrial Corporation: DCW's operating margin of 5.5% is the second highest of the four (Manali Petrochemicals 4.7%, Tamilnadu PetroProducts 7.2%, Agarwal Industrial Corporation 4.0%; peer average 5.3%); its return on equity of 4.6% is the lowest of the four (Manali Petrochemicals 10.9%, Tamilnadu PetroProducts 10.1%, Agarwal Industrial Corporation 6.6%; peer average 9.2%); its revenue growth over three years of −6.6% a year is the third highest of the four (Manali Petrochemicals −4.7% a year, Tamilnadu PetroProducts −12.0% a year, Agarwal Industrial Corporation −6.4% a year; peer average −7.7% a year).
From DCW's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.