DCW Limited

NSE: DCW · Unclassified

₹47.53+1.91%06 Nov 2026

Ask the data

Instant answers about DCW Limited — computed from its filings, no language model

Market cap₹1,403 cr

Current price₹47.53

High / Low₹71 / ₹37

P/E20.7

P/B1.25

Book value₹37.9

ROE6.1%

ROCE7.6%

Debt / equity0.29

Dividend yield0.42%

EPS (TTM)₹2.30

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,213	1,353	1,277	1,464	2,455	2,634	1,872	2,000	2,144
EBITDA	126	162	146	209	325	428	176	193	222
Operating margin	10.4%	12.0%	11.5%	14.3%	13.2%	16.3%	9.4%	9.7%	10.3%
Interest	93	104	107	120	113	126	74	67	62
Depreciation	88	83	87	87	89	90	94	100	104
Profit before tax	-49	-22	-40	14	143	274	25	49	75
Tax	-29	-18	-13	10	36	82	10	19	26
Net profit	0	0	-27	4	108	192	16	30	48
EPS ₹	-0.99	-0.16	-1.12	0.15	4.12	6.50	0.53	1.03	1.63
Operating cash flow	—	—	—	—	178	226	252	191	278
Capex	—	—	—	—	38	86	94	76	93
Dividend paid	—	—	—	—	0	18	9	0	6
Total assets	—	—	—	—	—	2,063	2,089	2,178	2,089
Equity	—	—	—	—	—	1,025	1,032	1,033	1,075

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	346	329	343	322	358	316	354	314	294	285	338	386	456	521	572	655	707	769	698	579	588	438	414	398	622	500	489	474	538	476	539	520	609	542	663
Operating profit	36	33	43	31	54	49	51	38	10	33	50	57	70	57	79	89	99	122	106	102	99	51	42	19	63	45	35	57	56	54	58	45	65	36	47
Operating margin	10.5%	10.2%	12.5%	9.7%	15.2%	15.4%	14.3%	12.2%	3.5%	11.4%	14.7%	14.9%	15.3%	11.0%	13.9%	13.6%	14.0%	15.8%	15.2%	17.5%	16.9%	11.7%	10.0%	4.9%	10.2%	9.0%	7.2%	12.0%	10.4%	11.3%	10.8%	8.7%	10.6%	6.6%	7.2%
Other income	1	0	1	1	2	1	1	2	5	1	2	2	7	2	1	1	1	2	5	4	4	4	4	4	6	6	6	5	6	4	5	5	6	6	7
Interest	24	23	24	23	34	26	28	24	29	28	28	27	36	31	29	28	26	26	62	20	19	17	19	18	20	17	18	16	16	15	16	16	15	15	14
Depreciation	22	21	21	22	19	22	22	22	22	22	22	22	22	22	22	22	22	22	23	23	23	23	23	24	24	25	25	25	25	25	26	26	26	26	27
Profit before tax	-9	-11	-2	-13	3	2	2	-6	-36	-16	1	10	19	21	29	41	52	91	56	66	62	15	4	-19	25	10	-2	20	21	18	21	8	28	0	14
Tax	-17	-1	-1	-4	-12	0	-0	-2	-11	-6	0	4	12	7	10	14	4	32	6	18	27	5	2	-7	9	3	-1	7	9	6	7	3	10	-34	4
Net profit	0	0	0	0	0	2	2	-4	-25	-10	1	6	6	13	20	27	48	59	50	48	35	10	3	-12	15	7	-1	13	11	11	14	5	18	35	10
EPS ₹	0.26	-0.47	-0.07	-0.41	0.79	0.07	0.08	-0.16	-0.96	-0.38	0.04	0.24	0.25	0.51	0.75	1.02	1.83	2.24	1.68	1.63	1.20	0.34	0.09	-0.42	0.52	0.23	-0.04	0.45	0.39	0.39	0.47	0.17	0.61	1.17	0.35
Revenue YoY	—	—	—	—	3.5%	-4.1%	3.1%	-2.7%	-18.0%	-9.9%	-4.6%	23.1%	55.2%	82.9%	69.2%	69.7%	55.2%	47.7%	22.0%	-11.6%	-16.8%	-43.0%	-40.7%	-31.3%	5.7%	14.0%	18.0%	19.2%	-13.5%	-4.8%	10.3%	9.6%	13.2%	14.0%	22.9%
Profit YoY	—	—	—	—	—	—	—	—	—	-751.7%	-48.1%	—	—	—	1949.0%	330.5%	638.3%	339.6%	152.4%	80.7%	-26.0%	-83.0%	-94.6%	-125.5%	-56.6%	-32.6%	-147.0%	—	-25.8%	69.2%	—	-63.5%	58.9%	203.3%	-25.0%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

DCW Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	913	1,028	1,063	1,186	1,328	1,326	1,254	1,272	1,305
Operating profit	95	168	98	161	248	128	65	150	144
Operating margin	10.4%	16.4%	9.3%	13.6%	18.7%	9.6%	5.2%	11.8%	11.0%
Other income	5	1	0	1	3	3	2	3	5
Interest	27	37	29	33	32	27	19	58	57
Depreciation	41	49	48	51	53	51	52	66	68
Profit before tax	20	94	36	46	160	52	-5	29	25
Tax	6	27	7	15	56	14	1	10	5
Net profit	14	68	29	31	105	38	-6	19	20

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	181	209	218	241	204	232	237	226	272	254	275	230	284	254	296	263	286	314	323	359	335	364	271	336	302	331	357	314	318	258	365	305	349	278	339	317	336	336	316	320	274	274
Operating profit	21	22	22	25	23	7	40	49	46	45	28	24	28	25	22	28	38	46	49	59	79	66	44	37	30	31	30	29	19	-13	30	40	38	29	42	34	45	39	27	18	30	40
Operating margin	11.8%	10.4%	10.1%	10.6%	11.3%	3.1%	16.7%	21.8%	17.1%	17.6%	10.2%	10.5%	9.8%	9.8%	7.3%	10.5%	13.4%	14.7%	15.2%	16.5%	23.6%	18.2%	16.4%	11.0%	10.1%	9.3%	8.3%	9.1%	5.9%	-5.0%	8.3%	13.2%	11.0%	10.6%	12.4%	10.6%	13.5%	11.5%	8.4%	5.8%	11.1%	14.8%
Other income	2	5	3	1	4	0	0	0	0	-0	1	0	0	0	-0	0	0	0	1	1	1	1	0	2	0	2	-1	0	0	1	1	0	0	2	0	0	0	0	5	0	2	3
Interest	2	2	6	4	6	8	8	11	9	8	8	7	7	7	7	9	7	9	9	8	7	8	9	8	8	8	3	5	6	4	4	13	13	13	18	15	14	16	12	23	23	23
Depreciation	6	7	10	10	10	10	11	13	12	13	12	12	12	12	12	12	12	13	14	13	13	13	14	13	13	13	13	13	13	14	12	15	17	18	17	17	19	15	17	22	22	22
Profit before tax	15	17	10	12	11	-19	17	25	28	25	16	14	15	4	3	7	18	7	14	33	59	47	22	18	10	12	12	11	4	-38	19	13	8	0	7	2	13	8	3	-26	-13	-1
Tax	4	3	7	1	1	-2	5	7	7	6	7	2	4	1	-0	1	1	3	10	9	23	18	5	5	3	3	3	3	1	-4	1	4	3	0	4	1	4	2	-2	-8	-4	-0
Net profit	12	14	3	10	10	-17	11	18	22	19	9	11	11	3	3	6	17	4	4	24	36	28	17	13	7	9	9	8	3	-34	18	9	6	0	4	1	9	5	5	-18	-9	-1
EPS ₹	0.59	0.70	0.15	0.53	0.49	-0.87	0.58	0.94	1.11	0.96	0.44	0.57	0.59	0.16	0.16	0.28	0.88	0.21	0.20	1.14	1.74	1.34	0.83	0.62	0.33	0.43	0.43	0.36	0.12	-1.58	0.83	0.43	0.26	0.01	0.17	0.05	0.41	0.24	0.23	-0.82	-0.40	-0.04
Revenue YoY	—	—	—	—	12.4%	11.0%	8.8%	-6.2%	33.7%	9.6%	16.2%	1.7%	4.1%	-0.2%	7.4%	14.5%	1.0%	23.7%	9.3%	36.4%	16.9%	15.9%	-16.2%	-6.3%	-9.8%	-8.8%	31.8%	-6.7%	5.4%	-22.1%	2.1%	-2.7%	9.9%	7.7%	-7.0%	3.9%	-3.8%	20.8%	-6.8%	1.0%	-18.6%	-18.5%
Profit YoY	—	—	—	—	-17.5%	-224.2%	288.7%	75.3%	126.8%	—	-23.3%	-38.9%	-47.2%	-83.8%	-63.6%	-50.4%	50.3%	36.7%	21.8%	322.3%	108.1%	574.8%	350.4%	-44.7%	-80.9%	-68.0%	-48.2%	-42.1%	-61.1%	-474.4%	96.0%	21.1%	109.0%	—	-79.7%	-87.8%	60.0%	1717.9%	27.9%	-1727.9%	-199.9%	-114.7%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	19.0%	21.2%	18.7%	14.0%	9.3%	3.4%	1.5%	1.2%	0.8%	3.3%	2.9%	3.4%	4.7%	3.9%	4.5%	6.6%	6.1%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	25.2%	26.4%	26.2%	20.7%	14.6%	8.9%	6.7%	6.4%	5.8%	8.4%	8.0%	8.4%	9.9%	9.0%	9.9%	8.6%	7.6%
Net margin	0.0%	0.0%	0.1%	0.2%	-0.0%	-2.0%	-3.0%	-3.1%	-2.1%	0.3%	1.6%	2.4%	3.0%	4.4%	5.7%	6.5%	7.4%	7.3%	6.2%	4.8%	1.9%	0.8%	0.6%	0.4%	1.6%	1.5%	1.8%	2.5%	2.0%	2.2%	3.2%	2.9%
EBITDA margin	10.7%	12.0%	13.2%	13.7%	14.3%	11.6%	10.6%	10.6%	11.5%	14.3%	13.8%	13.7%	13.4%	13.2%	14.4%	14.7%	15.5%	16.3%	15.5%	14.5%	11.5%	9.4%	8.8%	8.1%	9.6%	9.7%	10.2%	11.1%	10.3%	10.3%	9.2%	8.3%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.57	0.57	0.49	0.49	0.47	0.47	0.42	0.42	0.44	0.44	0.41	0.41	0.36	0.36	0.29	0.29	0.29
Interest coverage	0.64	0.79	0.91	0.95	1.01	0.65	0.49	0.48	0.64	1.11	1.41	1.64	1.89	2.27	2.98	2.70	2.99	3.18	2.69	2.99	1.86	1.34	1.28	1.19	1.75	1.73	1.87	2.27	2.07	2.20	1.93	1.84
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.34	1.30	1.28	1.12	0.94	0.86	0.90	0.93	0.92	0.95	0.92	0.91	0.92	0.94	1.03	1.06	1.06

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	59	59	59	59	59	59	59	59	59
Other equity / reserves	904	966	979	973	978	974	999	1,016	1,061
Total equity	963	1,025	1,038	1,032	1,037	1,033	1,058	1,075	1,120
Borrowings	544	505	485	436	455	426	380	310	323
Current liabilities	550	500	618	614	753	735	801	713	732
Non-current liabilities	598	539	484	443	398	410	352	302	360
Total assets	2,111	2,063	2,139	2,089	2,189	2,178	2,211	2,089	2,212
Property, plant & equipment	1,323	1,296	1,261	1,312	1,312	1,270	1,332	1,304	1,284
Capital work-in-progress	15	60	111	41	7	56	10	22	29
Investments	2	0	0	20	31	27	22	20	79
Inventories	316	345	447	377	458	428	422	309	274
Receivables	163	133	95	114	113	99	130	142	195
Cash & equivalents	135	10	11	11	25	11	16	5	10

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	178	226	252	191	278
Cash from investing	52	-165	-99	-112	-63
Cash from financing	-192	-139	-153	-78	-221
Capex	38	86	94	76	93
Free cash flow	140	140	158	114	185
Dividends paid	0	18	9	0	6

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,284 cr58%

CWIP

₹29 cr1%

Investments

₹79 cr4%

Inventories

₹274 cr12%

Receivables

₹195 cr9%

Cash & equivalents

₹10 cr0%

Other assets

₹342 cr15%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
DCW Limited	1,403	47.53	20.7	1.25	6.1%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+2.0%

6 months-8.2%

1 year-27.1%

3Y CAGR-4.9%

5Y CAGR+0.2%

10Y CAGR+3.8%

50-day avg₹45.41

200-day avg₹46.43

RSI (14)58

FAQs

What is the share price of DCW Limited?

DCW Limited (DCW) closed at ₹47.53 on NSE on 06 Nov 2026.

What is the market cap of DCW Limited?

₹1,403 crore at the latest close.

What is the P/E ratio of DCW Limited?

20.7, on trailing-twelve-month earnings from its filings.

How fast is DCW Limited growing?

DCW Limited: revenue has compounded at -6.6% a year over three years; net profit at -36.9% a year. Latest-quarter revenue is up 22.9% year on year, profit down 25.0%.

How profitable is DCW Limited?

On a trailing-twelve-month basis return on equity is 6.1%, return on capital employed 7.6%, operating margin 8.3%, net margin 2.9%.

How much debt does DCW Limited have?

DCW Limited is lightly geared: debt to equity is 0.29 with borrowings of ₹323 cr against cash of ₹10 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.8 times.

Financials parsed from DCW Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.