DCW share price today

DCW Ltd's share price was ₹47.53 at the close on 6 November 2026. It has been falling for 69 weeks. That is 3.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹39 and ₹67, and at that close it sat 29% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today DCW Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 2 weeks in a row.

Over the last 11 years the share price moved +110% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Foreign funds (FIIs) cut their stake for 8 quarters in a row

   From 11.4% to 5.3% of the company by the September 2026 quarter.

2. Profit fell in the September 2026 quarter

   Profit was ₹10 crore, -28.6% on a year earlier (₹14 crore), after 2 quarters of growth.

   Why: Profit fell because the specialty chemicals business made much less money. The gap between what it paid for PVC and what it got for CPVC shrank.

   Next results: check whether profit recovers in the second half, since management expects a double digit operating profit margin.

   From the earnings call on 30 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), DCW reported revenue of ₹663 crore, up 23.0% from ₹539 crore a year earlier, and a profit of ₹10.0 crore, down 28.6% from ₹14.0 crore.

DCW results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

DCW's management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

DCW closed at ₹47.53 on 6 November 2026, down 29.3% from ₹67.26 a year earlier (7 November 2025) and down 2.0% over five years. Its highest weekly close since March 2016 was ₹107.13 on 18 October 2024.

DCW share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: DCW closed at ₹47.53, up 5.6% on the week and up 7.6% on the month. 30 Oct 2026: DCW held its results call for July to September 2026. Management guided: H2 earnings significantly stronger than H1.

Earlier

• Results for July to September 2026: Revenue up 23.0% and profit down 28.6% on a year earlier.
• 18 Sep 2026: ex-date for a dividend of ₹0.20 a share, record date 19 Sep 2026.
• 20 Feb 2026: ex-date for an interim dividend of ₹0.10 a share.

DCW paid ₹0.30 a share in regular dividends in the 12 months to 7 November 2026 (2 payments), a yield of 0.63% at the ₹47.53 close on 6 November 2026. The last was a dividend of ₹0.20 a share, ex-date 18 September 2026.

DCW dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. DCW Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for July to September 2026, held on 30 October 2026, DCW's management guided: H2 earnings significantly stronger than H1.

“There is no question of shying away from that. In the second half of the year, we are confident of achieving a double-digit EBITDA margin.”Management, on the call for July to September 2026

What management guided

• H2 operating margin double-digit.
• FY27 finance cost down 9-10% versus last year.
• VCM-PVC spread to $130-135 in coming months from current improved level.
• Q3 PVC-CPVC spread back to Q1 ₹25-30 range as lags clear.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

When DCW reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: VCM-PVC spread reaching flagged normal level in coming months - check against late-October improvement and PVC realisation flow.

DCW is on 2 of our India lists: Undervalued stocks and Penny stocks.

DCW Ltd earned ₹10.0 Cr of net profit in the Sep 2026 quarter, −28.6% on the same quarter a year earlier. Full-year FY26 profit was ₹48.0 Cr. Over 10 years profit has grown 10.9% a year on average. That is 1.5% of the quarter's revenue. The same quarter a year earlier earned ₹14.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹48.0 Cr (+60.0% on the year before).

Why profit moved: revenue changed +23.0% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +47.9% and revenue +14.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

DCW Ltd reported ₹663 Cr of revenue in the Sep 2026 quarter, +23.0% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 5.4% a year on average. The last full year, FY26, came in at ₹2,144 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,334 Cr.

FY26 revenue was ₹2,144 Cr, +7.2% on the year before.

Recent pace: the last four quarters grew +14.9% on average, against 5.4% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.1%, against +7.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +38.8%, against +174.9% a year (rolling over).

DCW Ltd's operating margin was 7.0% in the Sep 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 5.0% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.6 percentage points on the year while gross margin changed −5.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 767% of DCW Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹278 Cr of operating cash against ₹48.0 Cr of profit. After ₹104 Cr of spending on assets, ₹174 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 767% of profit came in as cash: the cash cycle got 37 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

DCW Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −1 days in FY26, up from −38 days in FY21. It spent ₹268 Cr on assets over the last 3 years. Customers take 24 days to pay, and stock sits for 96 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,144 Cr, each day of that cycle ties up about ₹5.9 Cr, so roughly −₹6.0 Cr is tied up in the business at any time.

FY26: customers took 24 days to pay and stock sat for 96 days, about 3.2 months of sales sitting as stock, for a full cycle of −1 days, longer than FY21's −38.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 96 days. Customers pay about 24 days after that. Suppliers are paid at 122 days. Together that makes the −1-day cycle.

Spending on assets: ₹268 Cr over the last 3 years, against ₹298 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹22.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

DCW Ltd's P/E is 20.7×, near the low end of its own history: it has been lower only 33% of the time. Its usual P/E (the middle reading) is 35.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.