DCW

Mumbai, India Founded: 1939 • Age: 87 yrs Listed
Provider of PVC resin, caustic soda, and liquid chlorine
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About DCW

DCW is a publicly listed company based in Mumbai (India) founded in 1939. Provider of PVC resin, caustic soda, and liquid chlorine. The company has 1,910 employees. Its website dcwltd.com draws about 16 thousand monthly visits. Its Indian entity D C W Limited reported revenue of ₹2,163 Cr. DCW offers products and services including C-PVC, Synthetic Iron Oxide Pigment, Synthetic Rutile, Ammonium Bicarbonate, and Hydrochloric Acid. Its focus areas include Chemicals and Materials, Diversified Chemicals and Speciality Chemicals.

Company details

DCW was established in 1939 and is based in Mumbai, India. Operations center on the chemical manufacturing sector, where PVC resin, caustic soda, and liquid chlorine are produced. These products are distributed to industrial clients across various applications. The companys activities are conducted primarily in India, with a focus on chlor-alkali processes and related commodities. Headquarters remain in Mumbai, supporting regional supply chains.

  • Headquarters Mumbai, India
  • Employees 1,910
  • Stage Public
  • Sectors
    Chemicals & Materials
  • Website dcwltd.com
  • Social LinkedIn
  • Legal Name Dcw Ltd.
Operational Areas
Chemicals & Materials → Core & Diversified Chemicals
Key Metrics
  • Market Cap
    ₹1,215 Cr

    DCW · NSE

  • Share Price
    ₹39.26

    -4.62% today

  • Revenue
    ₹1,254 Cr

    FY 2014-15 · -5.4% YoY

  • EBITDA
    ₹60.46 Cr

    Margin 4.8%

  • Net Profit
    −₹4.09 Cr

    FY 2014-15 · -110.7% YoY

  • ROE
    -0.7%

    ROCE 1.2%

  • Debt / Equity
    1.32

    Interest cover 220.9x

  • Latest Funding Round
    $1.12M (USD), Debt – Conventional

    Aug 2019

  • Employee Count
    1,910

Products & Services of DCW

DCW offers a comprehensive portfolio of products and services, including C-PVC, Synthetic Iron Oxide Pigment, Synthetic Rutile, Ammonium Bicarbonate, and Hydrochloric Acid.

C-PVC
Specialty Chemical

Thermoplastic resin for plumbing and industrial piping systems.

Synthetic Iron Oxide Pigment
Specialty Chemical

Pigment used in paints, construction, and rubber industries.

Synthetic Rutile
Specialty Chemical

Processed mineral for paints, cosmetics, and ceramics applications.

Ammonium Bicarbonate
Intermediate Chemical

Compound for chemical, food, and pharmaceutical manufacturing.

Hydrochloric Acid
Intermediate Chemical

Acid used in water treatment and industrial processes.

Soda Ash
Commodity Chemical

Powder for detergents, paper, and cleaning product production.

Caustic Soda
Commodity Chemical

Base chemical for textiles, soap, and petroleum industries.

PVC
Commodity Chemical

Resin for building materials and agricultural applications.

Funding Insights of DCW

  • Total Rounds 1
  • Last Round Debt – Conventional — $1.12M
  • First Round $1.12M

    (Aug 2019)

All 1 funding rounds of DCW with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Aug 2019$1.12MDebt – Conventional––
–

Board of directors of D C W Limited (DCW)

D C W Limited is the primary company behind DCW. The boards of the 4 registered companies of DCW currently have 9 directors; the longest-serving is Paulomi Bakul Jain, appointed in 1984. 36 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Paulomi Bakul Jain
DIN 00350139
Director05 Dec 198441 yrs 10 moCanvas Shoe Co (Goa) Private Limited, D.P.B. Holdings Private Limited
Krishnamoorthy Krishnan
DIN 08129657
Director22 May 20188 yrs 5 moD C W Limited
Bakul Premchand Jain
DIN 00380256
Designated Partner24 Nov 20223 yrs 11 moJain Sahu Brothers Properties Llp, Canvas Shoe Co (Goa) Private Limited, D.P.B. Holdings Private Limited, D C W Limited
Pramodkumar Shriyansprasad Jain
DIN 00380458
Designated Partner24 Nov 20223 yrs 11 moJain Sahu Brothers Properties Llp
Vivek Shashichand Jain
DIN 00502027
Designated Partner24 Nov 20223 yrs 11 moJain Sahu Brothers Properties Llp, D C W Limited
Mudit Sharadkumar Jain
DIN 00647298
Partner24 Nov 20223 yrs 11 moJain Sahu Brothers Properties Llp
Poornima Kamalaksh Prabhu
DIN 03114937
Director27 Sep 20242 yrsD C W Limited
Ashish Pramodkumar Jain
DIN 00866676
Managing Director01 Nov 20241 yr 11 moD C W Limited
Adhiraj Anil Harish
DIN 03380459
Additional Director28 Jun 20263 moD C W Limited

IPO & Listings of DCW

DCW is a publicly listed company on the NSE with ticker symbol DCW in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date25 May 1995
  • Listed onNSE: DCW
  • Listed entityDCW Ltd.
  • Exchange sectorProcess industries
  • ISININE500A01029
  • Share price₹44.82 (-0.11% on the day) · 2026-10-14
  • Market capitalisation₹1,322 Cr
  • Price to earnings18.5
  • EPS (diluted, trailing year)₹2.42
  • Dividend yield0.67%
  • Volume (last session)980,128

Financials of DCW

Exchange-reported figures of D C W Limited, the listed company behind DCW (NSE: DCW).

Financial Highlights

FY 2014-15 · Consolidated
Revenue
₹1,254 Cr
-5.4% YoY
EBITDA
₹60.46 Cr
-53.1% YoY
Profit After Tax
−₹4.09 Cr
-110.7% YoY
Net Worth
₹560 Cr
+0.6% YoY
Total Assets
₹1,375 Cr
+11.1% YoY
Total Debt
₹779 Cr
+16.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2014-15FY 2013-14FY 2012-13
Income statement
Revenue1,2541,3261,328
Revenue growth-5.4%-0.2%-
EBITDA60.46129243
EBITDA margin+4.8%+9.7%+18.3%
Profit before tax(4.76)52.19160
Net profit(4.09)38.33109
Net profit margin-0.3%+2.9%+8.2%
EPS (₹)0.001.744.94
Balance sheet
Total assets1,3751,2371,080
Net worth560556528
Total debt779671544
Cash & bank5.763.455.27
Net working capital(22.94)(54.65)61.75
Cash flow
Cash from operations68.60232206
Cash from investing(157)(325)(261)
Cash from financing89.2691.9552.76
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,1442,0001,8722,6342,4551,4641,277
Revenue growth+7.2%+6.9%-28.9%+7.3%+67.6%+14.6%-
EBITDA222193174428325209146
EBITDA margin+10.3%+9.7%+9.3%+16.3%+13.2%+14.3%+11.5%
Profit before tax74.6149.1425.3427414313.68(39.66)
Net profit49.9429.5016.8016099.633.80(26.01)
Net profit margin+2.3%+1.5%+0.9%+6.1%+4.1%+0.3%-2.0%
EPS (₹)1.631.020.536.504.120.15(1.03)
Balance sheet
Total assets1,4031,5041,5211,5851,4261,3731,317
Net worth1,0751,0331,0321,025802687678
Total debt290427439508556624605
Cash & bank20421516916811212250.17
Net working capital194261233314123(29.63)(124)
Cash flow
Cash from operations278191252226178218170
Cash from investing(63.30)(112)(98.63)(165)51.56(77.85)(42.98)
Cash from financing(221)(77.65)(153)(139)(192)(98.53)(119)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue542609520539476538474489
Revenue growth (YoY)+14.0%+13.2%+9.6%+10.3%-4.8%---
Other income5.655.614.834.624.035.914.786.01
Total expenses506544475481422482417453
EBITDA35.7664.5845.2358.0253.7355.7356.9935.43
EBITDA margin+6.6%+10.6%+8.7%+10.8%+11.3%+10.4%+12.0%+7.2%
Depreciation26.2626.4226.3426.0525.0225.2425.2924.84
Interest14.8015.4016.2015.5415.0715.7616.2318.38
Profit before tax0.3528.377.5221.0517.6720.6420.25(1.78)
Tax(34.19)10.292.637.246.289.366.82(0.53)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsFY 2014-15FY 2013-14FY 2012-13
Revenue1,2541,3261,328
Revenue growth-5.4%-0.2%-
Other income5.471.312.89
Total expenses1,1941,1971,085
Employee cost87.3578.2174.17
EBITDA60.46129243
EBITDA margin+4.8%+9.7%+18.3%
Depreciation52.0051.0252.91
Interest18.6927.0332.13
Profit before tax(4.76)52.19160
Tax1.1614.3255.53
Net profit(4.09)38.33109
Net profit margin-0.3%+2.9%+8.2%
EPS (₹)0.001.744.94
ParticularsFY 2014-15FY 2013-14FY 2012-13
Equity & liabilities
Share capital42.7041.9641.96
Reserves & surplus517515486
Shareholders' funds (net worth)560556528
Minority interest0.000.000.00
Secured loans779671544
Unsecured loans0.000.000.00
Total debt779671544
Total liabilities1,3751,2371,080
Assets
Gross block1,1851,1611,113
Net block635661664
Capital work in progress849718442
Investments0.000.270.27
Inventories166204231
Sundry debtors94.5894.3192.80
Cash & bank balances5.763.455.27
Loans & advances67.4780.7689.64
Total current assets333382419
Total current liabilities356437357
Net working capital(22.94)(54.65)61.75
Total assets1,3751,2371,080
ParticularsFY 2014-15FY 2013-14FY 2012-13
Opening cash1.673.174.91
Net cash from operating activities68.60232206
Net cash from investing activities(157)(325)(261)
Net cash from financing activities89.2691.9552.76
Net change in cash0.79(1.50)(1.74)
Closing cash5.763.455.27
ParticularsFY 2014-15FY 2013-14FY 2012-13
Growth
Sales growth-5.4%-0.2%-
EBITDA growth-53.1%-46.9%-
PBT growth--67.5%+9997.0%
Net income growth-110.7%-64.8%-
Profitability & leverage
Net income margin-0.5%+2.9%+7.9%
Return on capital employed+1.2%+6.9%+19.8%
Return on net worth-0.7%+7.1%+22.4%
Debt / equity1.321.141.06
Long-term debt / equity1.050.910.73
Interest cover220.9234.6916.94
Efficiency & per share
Fixed asset turnover1.191.291.29
Inventory turnover7.506.717.39
Debtors turnover14.6515.6017.26
EPS (₹)0.001.744.94
Dividend per share (₹)0.000.360.36
Book value per share (₹)25.9026.1624.77
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue542609520539476538474489
Revenue growth (YoY)+14.0%+13.2%+9.6%+10.3%-4.8%---
Other income5.655.614.834.624.035.914.786.01
Total expenses506544475481422482417453
EBITDA35.7664.5845.2358.0253.7355.7356.9935.43
EBITDA margin+6.6%+10.6%+8.7%+10.8%+11.3%+10.4%+12.0%+7.2%
Depreciation26.2626.4226.3426.0525.0225.2425.2924.84
Interest14.8015.4016.2015.5415.0715.7616.2318.38
Profit before tax0.3528.377.5221.0517.6720.6420.25(1.78)
Tax(34.19)10.292.637.246.289.366.82(0.53)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,1442,0001,8722,6342,4551,4641,277
Revenue growth+7.2%+6.9%-28.9%+7.3%+67.6%+14.6%-
Other income19.0823.1018.2562.2020.0111.338.54
Total expenses1,9221,8071,6972,2052,1301,2551,131
Employee cost182161152182156133123
EBITDA222193174428325209146
EBITDA margin+10.3%+9.7%+9.3%+16.3%+13.2%+14.3%+11.5%
Depreciation10499.9393.7990.1688.5387.3787.21
Interest62.2167.2573.51126113120107
Profit before tax74.6149.1425.3427414313.68(39.66)
Tax26.4419.089.6882.4335.749.88(12.90)
Net profit49.9429.5016.8016099.633.80(26.01)
Net profit margin+2.3%+1.5%+0.9%+6.1%+4.1%+0.3%-2.0%
EPS (₹)1.631.020.536.504.120.15(1.03)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital59.0359.0359.0359.0352.2152.2152.21
Reserves & surplus1,016974973966737630626
Shareholders' funds (net worth)1,0751,0331,0321,025802687678
Secured loans241426436505552577561
Unsecured loans49.251.462.603.424.2847.4443.96
Total debt290427439508556624605
Total liabilities1,4031,5041,5211,5851,4261,3731,317
Assets
Gross block2,2252,0972,0461,9451,9131,8861,860
Net block1,3041,2701,3121,2961,3521,4071,467
Capital work in progress21.6056.3441.0459.658.103.8112.47
Investments19.8026.5319.700.010.010.010.01
Inventories309428377345247169177
Sundry debtors14298.5211413311695.2072.68
Cash & bank balances20421516916811212250.17
Loans & advances60.7545.9630.3141.7551.7324.4438.01
Total current assets716787691688528411338
Total current liabilities522526458374405441462
Net working capital194261233314123(29.63)(124)
Total assets1,4031,5041,5211,5851,4261,3731,317
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11.4810.789.9187.6750.018.701.15
Net cash from operating activities278191252226178218170
Net cash from investing activities(63.30)(112)(98.63)(165)51.56(77.85)(42.98)
Net cash from financing activities(221)(77.65)(153)(139)(192)(98.53)(119)
Net change in cash(6.54)0.700.81(77.75)37.6641.307.55
Closing cash20421516916811212250.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.2%+6.9%-28.9%+7.3%+67.6%+14.6%-
EBITDA growth+14.7%+10.8%-59.3%+31.9%+55.1%+43.0%-
PBT growth+51.8%+93.9%-90.8%+91.6%+947.2%+9998.0%-81.3%
Net income growth+69.3%+75.6%-89.5%+60.3%+2521.8%+114.6%-
Revenue CAGR (3Y)-6.6%-6.6%+8.5%+27.3%+22.0%+7.2%+2.8%
EBITDA CAGR (3Y)-19.7%-15.9%-5.9%+43.0%+26.1%+18.5%+0.5%
Profitability & leverage
Net income margin+2.3%+1.5%+0.8%+7.3%+4.4%+0.3%-2.1%
Return on capital employed+9.4%+7.7%+6.4%+23.5%+18.3%+9.9%+5.1%
Return on net worth+4.6%+2.9%+1.5%+17.5%+14.4%+0.6%-4.1%
Debt / equity0.340.420.460.580.790.900.98
Long-term debt / equity0.150.240.320.450.650.730.65
Interest cover52.8472.0991.2037.2747.8598.07181.35
Efficiency & per share
Fixed asset turnover0.990.970.941.371.290.780.69
Inventory turnover5.824.985.198.9011.808.468.53
Debtors turnover17.8218.8115.1521.1323.1917.4417.45
EPS (₹)1.631.020.536.504.120.15(1.03)
Dividend per share (₹)0.000.100.000.500.400.000.00
Book value per share (₹)36.4234.9934.9634.7330.2326.1225.97

Timeline of DCW

3 dated milestones of DCW across 80 years, from founding to its latest funding, stage changes and deals.

  1. Founded DCW is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Funding First funding round of $1.1M.

Web traffic of DCW

The website of DCW (dcwltd.com) receives about 16.2K visits a month.

  • Monthly visits
    16.2K

    ▲ 23.1% vs previous month

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Top companies in Core & Diversified Chemicals

3 companies that operate in the same segment as DCW (Core & Diversified Chemicals) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
DFPCL
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate
1979Pune, Maharashtra, IndiaUSD 1.21 B1,020
Scimplify
Specialty chemicals are manufactured through integrated R&D and production processes.
2023Bengaluru, Karnataka, IndiaUSD 72.97 MUSD 2.13 M
Himadri Chemicals and Industries
Manufactures coal tar and basic industrial chemicals.
1987Kolkata, West Bengal, IndiaUSD 24 MUSD 496.46 M2,480
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Related news about Dcw

DCW Restores Full Operations At Dhrangadhra Plant
Reuters • 2 months ago
DCW Says Government Of India Reiterated Three Star Export House Status
Reuters • 2 months ago
Dcw Operations At Surendra Nagar , Gujarat Plant Are Being Resumed In A Phased Manner
Reuters • 2 months ago
DCW Embarks on its Next Phase of Growth with ₹250 Crore Strategic Investment Programme - The Wire
The Wire • 2 months ago
DCW Announces 2.50 Billion Rupees Strategic Investment Programme
Reuters • 2 months ago
Dcw Limited Appoints Sudarshan Ganapathy As Chief Executive Officer
Reuters • 2 months ago
DCW Limited Appoints Sudarshan Ganapathy as Chief Executive Officer - The Wire
The Wire • 2 months ago
Dcw Ltd Says Suspension Of Operations Due To Flooding And Heavy Rains At Dhrangadhra Plant
Reuters • 2 months ago
DCW Says Port Authority Demands 63.2 Million Rupees Interest And Lease Rent Of 36.4 Million Rupees
Reuters • 4 months ago
DCW March-Quarter Net Profit 180.8 Million Rupees
Reuters • 5 months ago
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Frequently Asked Questions about DCW

DCW was founded in 1939 and raised its 1st funding round 80 years after it was founded.

DCW is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

DCW has 1,910 employees.

The primary company behind DCW, D C W Limited, reported revenue of ₹2,163 Cr for FY 2026, up 7% year on year.

DCW was established in 1939 and is based in Mumbai, India. Operations center on the chemical manufacturing sector, where PVC resin, caustic soda, and liquid chlorine are produced. These products are distributed to industrial clients across various applications. The companys activities are conducted primarily in India, with a focus on chlor-alkali processes and related commodities. Headquarters remain in Mumbai, supporting regional supply chains.

DCW offers C-PVC, Synthetic Iron Oxide Pigment, Synthetic Rutile, Ammonium Bicarbonate, and 4 more products and services.

Yes, DCW is publicly traded on NSE under the ticker symbol DCW.

DCW is associated with 4 legal entities: D C W Limited, Jain Sahu Brothers Properties Llp, Canvas Shoe Co (Goa) Private Limited and others.

The legal entities of DCW currently have 12 directors, including Bakul Premchand Jain, Pramodkumar Shriyansprasad Jain, Vivek Shashichand Jain and others.

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