DCW Share Price Target Forecast 2022, 2023, 2025, 2023

3 November 2021

DCW reports an overall increase in Q2, with revenues up 69 percent year over year.

DCW Limited (“The Firm” or “DCW”), a Mumbai-based speciality chemicals company, has announced its financial results for the quarter and half year ended September 30, 2021.

The firm claimed an overall improvement in operations, with better sales as a result. SIOP, PVC, and CPVC dominated the company’s performance. Specialty Chemicals continues to provide a profit for the corporation.

On the BSE, the stock is currently down Rs 48.30, or 3.98 percent, from its previous close of Rs 50.30.

Q2FY22 Financial Highlights:

• Revenue from Operations for Q2FY22 was INR 5719 Mn, up 69 percent year over year. Overall revenue increased as a result of improved operational efficiency and excellent market circumstances across all of its products.

• EBITDA for Q2FY22 was INR 807 Mn, up from INR 511 Mn in Q2FY21, a 58 percent increase year over year. Higher raw material prices put some pressure on EBITDA margins in Q2FY22. The company was unable to fully pass on the cost of higher raw material prices during the quarter. Raw materials such as VCM, coal, and others are in demand in H1FY22.

In Q2FY22, PAT was INR 197 Mn, compared to INR 10 Mn in Q2FY21.

“With the progressive easing of the lockdown following the second wave of Covid, the overall demand environment remains encouraging in Q2FY22,” stated Mr. Vivek Jain, Managing Director, DCW Limited. While this upward trend has resulted in increased offtake and receipts, the supply side environment, particularly in terms of energy costs and various raw materials, continues to be a concern in the supply chain. The staff has done an excellent job of responding quickly to the needs of the clients.

The Specialty Chemicals segment continues to be a steady revenue source with a lot of room for expansion. C-PVC and SIOP continued to perform well, accounting for 20% of total EBITDA. The SIOP division is on the mend and is expected to make a significant contribution in the future quarters, thanks to improved capacity utilisation and good market circumstances. Our Sepsality Chemicals order stream continues to be strong. On the commodity chemicals front, too, demand for PVC has been strong, allowing the business to post improved results. By using our distinct chemical portfolio, outstanding operational performance, and quality standards, we continue to focus on excellence over the long term.

Indiainfoline.com is the source for this information.

27 September 2021

Rahul Sharma is betting on the DCW Share Price Target. This is why:

In terms of DCW, what is the triggering event? What kind of goals can we set for ourselves over the next 12 months?

DCW is India’s sole PVC manufacturer, and the firm also produces Caustic Soda at a capacity of 96,000 tonnes per year. In FY2021, it accounts for around 24% of the company’s overall revenue. The recent price increase in caustic soda has benefited the corporation significantly. DCW’s target price is around Rs 60. If one is trading in this position, a stop loss of Rs.39 should be used.

Economictimes.com is the source for this information.

21 September 2021

DCW Share Price Target; in the medium run, it may produce high returns.

DCW | BUY | Target: Rs 44-48 

The company’s operations are expected to stabilise with the requisite cash inflow, and the chaotic period of the previous 2-3 years will come to an end. The company has a base case fair value of Rs 44 (4.4x FY23E EV/EBITDA) and a bull case fair value of Rs 48 (4.7x FY23E EV/EBITDA), according to HDFC Securities. Investors can purchase the stock in the Rs 38-41 range and put a stop loss at Rs 33.

Economictimes.com is the source for this information.

16 August, 2021

The Indian government has designated DCW as a “Three Star Export House.”

DCW Limited has been designated as a Three Star Export House by the Ministry of Commerce and Industry of the Government of India.

In accordance with the rules of the Foreign Trade Policy 2015-2020, the Company has been upgraded to Two Star Export House status and has been given a Three Star Export House Recognition Certificate.

The certificate will be valid for five years, starting on June 2, 2021 and ending on June 2, 2026. The firm will be able to increase its product line on the international market as a result of this.

On the BSE, DCW was trading at Rs 36.20 at 12:38 p.m., a gain of Rs 36.20 or Rs 1.26.

Indiainfoline.com is the source for this information.

03 August, 2021

DCW’s first-quarter sales increased by 83 percent year on year to Rs520 crore.

The financial results for the quarter ended 30 June 2021 have been released by DCW Limited, a specialty chemicals company based in Mumbai.

Despite the covid-related lockdowns/restrictions, the company reported an overall increase in revenue year over year. It said its operating performance had improved overall, with increased capacity utilisation across all categories.

Q1FY22 Financial Highlights:

For the first quarter of FY22, revenue from operations was Rs 520.5 crore, up 83 percent year on year. COVID-related limitations hampered demand for the company’s different goods, particularly in rural areas, resulting in somewhat lower realisations in Q4FY21. However, the firm was able to overcome these obstacles by boosting capacity utilisation of its numerous products, such as Caustic Soda and C-PVC.

In Q1FY22, EBITDA was Rs 59.6 crore, up from Rs 33.4 crore in Q1FY21. Higher volumes across all divisions resulted in higher EBITDA. However, large increases in raw material costs, such as VCM and coal, hindered EBITDA margin expansion in Q1 FY22. In Q1FY22, the EBITDA margin stayed unchanged at 11.4 percent, compared to 11.7 percent in Q1FY21 and 17 percent in Q4FY21. Raw material costs, on the other hand, have had an influence on margins. It is projected that margins would increase and stabilise.

In Q1FY22, PAT was Rs 13.4 crore, compared to a loss of Rs 9.8 crore in Q1FY21. The company made an exceptional profit in Q1FY22 thanks to the maturity proceeds of a Rs 13.9 crore insurance policy. When that gain is taken into account, the PAT for Q1FY22 is Rs 13.4 crore, compared to a loss of Rs 9.8 crore in Q1FY21. In Q1FY22, cash PAT was Rs 35.3 crore, up from Rs 11.8 crore in Q1FY21.

“DCW has started the new financial year on an encouraging note despite severe disruptions in the first quarter due to local restrictions and lockdown due to the second wave of the pandemic,” said Vivek Jain, Managing Director, DCW Limited, commenting on the results.

The second wave of COVID presented new challenges, particularly in terms of rural demand. The company worked to address these issues and significantly reduced them by increasing capacity utilisation across all of its products. DCW has its best-ever quarterly sales in Q1, with revenue up 83 percent year over year for Q1FY22. Higher quantities of PVC, Si-PVC, Caustic Soda, and SIOP contributed to the rise.

The Specialty Chemicals category continues to be a reliable income producer with a lot of room for growth in the future. C-PVC retained its dominant position, accounting for 27.6% of total EBITDA. The SIOP division is on the mend and is expected to make a significant contribution in the future quarters, thanks to improved capacity utilisation and good market circumstances.

DCW was able to handle funds of Rs 4,100 million in FY 2011 through NCDs worth Rs 3,500 million and OCDs worth Rs 600 million. The corporation was able to prolong the term of its debt stack and add liquidity to its balance sheet as a result of these transactions. Benefits from these arrangements will begin to accrue in the current fiscal year of 2012.

Overall, DCW aims to grow the Specialty Chemicals segment’s contribution and strengthen the balance sheet, resulting in enhanced value for stakeholders.

At 1:35 p.m., DCW was trading at Rs 39.05 on the BSE, up Rs 0.1 or 0.26 percent.

Indiainfoline.com is the source for this information.

21 June, 2021

DCW’s credit ratings have been upgraded by India Ratings.

DCW Limited has been upgraded and awarded a ‘BBB+’ rating by India Ratings & Research, the top credit rating agency, suggesting a’stable’ outlook for the firm.

“The rating upgrade by India Ratings & Research is a testimonial to the improvement in the financial and operating performance of DCW,” stated Vivek Jain, Managing Director of DCW Limited. In such a difficult climate, the company’s confidence in its business strategy and execution ability is reflected in the upgrade from BBB to BBB+. DCW’s major concentration on Specialty Chemicals, as well as continuous capacity utilisation improvements, will raise stakeholders’ trust in the company’s potential to considerably expand capacity in the future.

DCW’s stock finished at Rs 36.10 per share on the Sensex, up 0.6 percent.

Indiainfoline.com is the source for this information.

08 March, 2021

DCW issues debentures to fund Rs 410 crore.

DCW Limited, a specialty chemical company, announced on Monday that it has obtained Rs 410 crore through the issuance of debentures to repay debt and increase operating capital.

The DCW stated in a regulatory filing that it has completed debt restructuring by issuing Rs 350 crore in non-convertible debentures and converting OCDs (optionally convertible debentures) into equity within 18 months. 60 crore has been taken, with the total sum being Rs.

The money will be used to refinance existing term loans and supplement operating capital at DCW.

This investment will be used to boost capacity utilisation and fulfil the expanding demand for the product.

These NCDs have an 18-month moratorium and a six-year duration.

PVC, C-PVC (Chlorinated Polyvinyl Chloride), Caustic Soda, Soda Ash, and Synthetic Iron Oxide Pigment are all manufactured by DCW (SIOP).

C-PVC, a versatile thermoplastic used primarily for hot and cold water pipe, industrial liquid handling, and a wide range of products servicing a wide range of applications, is manufactured by the firm.

The Caustic Soda, SIOP, and PVC plants of DCW are located near the port of Tuticorin in Tamil Nadu.

Economictimes.com is the source for this information.

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