DCW Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 9:27 pm

Market Cap	2,266 Cr.
Current Price	76.8
High / Low	113/48.6
Stock P/E	74.8
Book Value	35.0
Dividend Yield	0.00 %
ROCE	7.96 %
ROE	2.93 %
Face Value	2.00
PEG Ratio	1.59

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for DCW Ltd

Competitors of DCW Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Asian Petroproducts & Exports Ltd	22.1 Cr.	9.00	22.6/7.70		4.79	0.00 %	16.6 %	26.8 %	10.0
Aadi Industries Ltd	5.25 Cr.	5.25	7.33/4.81		6.86	0.00 %	123 %	%	10.0
Goa Carbons Ltd	446 Cr.	487	894/390		238	4.11 %	1.91 %	9.47 %	10.0
DCW Ltd	2,266 Cr.	76.8	113/48.6	74.8	35.0	0.00 %	7.96 %	2.93 %	2.00
Agarwal Industrial Corporation Ltd	1,436 Cr.	960	1,383/786	12.4	419	0.31 %	17.0 %	20.3 %	10.0
Industry Average	1,382.67 Cr	307.61		43.60	140.73	0.88%	33.29%	14.88%	8.40

All Competitor Stocks of DCW Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	707	769	698	579	588	438	414	398	622	500	489	474	538
Expenses	608	647	592	478	489	387	373	378	558	454	453	417	482
Operating Profit	99	122	106	102	99	51	42	19	63	45	35	57	56
OPM %	14%	16%	15%	18%	17%	12%	10%	5%	10%	9%	7%	12%	10%
Other Income	1	17	34	6	4	4	4	3	6	6	6	5	6
Interest	26	26	62	20	19	17	19	18	20	17	18	16	16
Depreciation	22	22	23	23	23	23	23	24	24	25	25	25	25
Profit before tax	52	91	56	66	62	15	4	-19	25	10	-2	20	21
Tax %	8%	35%	11%	27%	43%	35%	41%	-35%	38%	34%	-30%	34%	45%
Net Profit	48	59	50	48	35	10	3	-12	15	7	-1	13	11
EPS in Rs	1.83	2.12	1.68	1.63	1.20	0.34	0.09	-0.42	0.52	0.23	-0.04	0.45	0.39

Last Updated: May 31, 2025, 9:26 am

Below is a detailed analysis of the quarterly data for DCW Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 538.00 Cr.. The value appears strong and on an upward trend. It has increased from 474.00 Cr. (Dec 2024) to 538.00 Cr., marking an increase of 64.00 Cr..
For Expenses, as of Mar 2025, the value is 482.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 417.00 Cr. (Dec 2024) to 482.00 Cr., marking an increase of 65.00 Cr..
For Operating Profit, as of Mar 2025, the value is 56.00 Cr.. The value appears to be declining and may need further review. It has decreased from 57.00 Cr. (Dec 2024) to 56.00 Cr., marking a decrease of 1.00 Cr..
For OPM %, as of Mar 2025, the value is 10.00%. The value appears to be declining and may need further review. It has decreased from 12.00% (Dec 2024) to 10.00%, marking a decrease of 2.00%.
For Other Income, as of Mar 2025, the value is 6.00 Cr.. The value appears strong and on an upward trend. It has increased from 5.00 Cr. (Dec 2024) to 6.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Mar 2025, the value is 16.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 16.00 Cr..
For Depreciation, as of Mar 2025, the value is 25.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 25.00 Cr..
For Profit before tax, as of Mar 2025, the value is 21.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Dec 2024) to 21.00 Cr., marking an increase of 1.00 Cr..
For Tax %, as of Mar 2025, the value is 45.00%. The value appears to be increasing, which may not be favorable. It has increased from 34.00% (Dec 2024) to 45.00%, marking an increase of 11.00%.
For Net Profit, as of Mar 2025, the value is 11.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13.00 Cr. (Dec 2024) to 11.00 Cr., marking a decrease of 2.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 0.39. The value appears to be declining and may need further review. It has decreased from 0.45 (Dec 2024) to 0.39, marking a decrease of 0.06.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:53 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,324	1,253	1,263	1,176	1,187	1,353	1,277	1,464	2,455	2,634	1,872	2,000
Expenses	1,194	1,187	1,113	1,029	1,061	1,190	1,130	1,255	2,127	2,205	1,695	1,807
Operating Profit	130	66	150	147	126	163	147	209	328	429	177	193
OPM %	10%	5%	12%	13%	11%	12%	12%	14%	13%	16%	9%	10%
Other Income	1	-0	3	2	6	3	8	11	17	61	16	23
Interest	27	19	58	57	93	104	107	120	113	126	74	67
Depreciation	51	52	69	68	88	83	87	87	89	90	94	100
Profit before tax	52	-5	27	25	-49	-22	-40	14	143	274	25	49
Tax %	27%	24%	36%	19%	-59%	-80%	-33%	72%	25%	30%	38%	39%
Net Profit	38	-6	17	20	-20	-4	-27	4	108	192	16	30
EPS in Rs	1.81	-0.28	0.78	0.92	-0.91	-0.19	-1.03	0.15	4.12	6.50	0.53	1.03
Dividend Payout %	20%	0%	0%	0%	0%	0%	0%	0%	10%	8%	0%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-115.79%	383.33%	17.65%	-200.00%	80.00%	-575.00%	114.81%	2600.00%	77.78%	-91.67%	87.50%
Change in YoY Net Profit Growth (%)	0.00%	499.12%	-365.69%	-217.65%	280.00%	-655.00%	689.81%	2485.19%	-2522.22%	-169.44%	179.17%

DCW Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	9%
3 Years:	-7%
TTM:	7%

Compounded Profit Growth
10 Years:	25%
5 Years:	26%
3 Years:	-33%
TTM:	78%

Stock Price CAGR
10 Years:	17%
5 Years:	48%
3 Years:	21%
1 Year:	47%

Return on Equity
10 Years:	4%
5 Years:	7%
3 Years:	7%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 3:38 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	42	43	44	44	44	44	52	52	52	59	59	59
Reserves	515	517	591	611	591	587	626	635	750	966	973	974
Borrowings	671	780	847	770	814	683	605	624	556	508	439	427
Other Liabilities	562	507	481	528	455	504	550	564	546	530	618	718
Total Liabilities	1,790	1,847	1,963	1,952	1,904	1,819	1,834	1,875	1,903	2,063	2,089	2,178
Fixed Assets	661	635	1,260	1,531	1,471	1,534	1,467	1,407	1,352	1,296	1,312	1,270
CWIP	718	849	367	122	124	7	12	4	8	60	41	56
Investments	0	0	0	0	0	0	0	0	0	0	20	27
Other Assets	411	363	336	299	309	278	354	464	543	708	716	825
Total Assets	1,790	1,847	1,963	1,952	1,904	1,819	1,834	1,875	1,903	2,063	2,089	2,178

Below is a detailed analysis of the balance sheet data for DCW Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 59.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 59.00 Cr..
For Reserves, as of Mar 2025, the value is 974.00 Cr.. The value appears strong and on an upward trend. It has increased from 973.00 Cr. (Mar 2024) to 974.00 Cr., marking an increase of 1.00 Cr..
For Borrowings, as of Mar 2025, the value is 427.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 439.00 Cr. (Mar 2024) to 427.00 Cr., marking a decrease of 12.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 718.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 618.00 Cr. (Mar 2024) to 718.00 Cr., marking an increase of 100.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 2,178.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,089.00 Cr. (Mar 2024) to 2,178.00 Cr., marking an increase of 89.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 1,270.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,312.00 Cr. (Mar 2024) to 1,270.00 Cr., marking a decrease of 42.00 Cr..
For CWIP, as of Mar 2025, the value is 56.00 Cr.. The value appears strong and on an upward trend. It has increased from 41.00 Cr. (Mar 2024) to 56.00 Cr., marking an increase of 15.00 Cr..
For Investments, as of Mar 2025, the value is 27.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Mar 2024) to 27.00 Cr., marking an increase of 7.00 Cr..
For Other Assets, as of Mar 2025, the value is 825.00 Cr.. The value appears strong and on an upward trend. It has increased from 716.00 Cr. (Mar 2024) to 825.00 Cr., marking an increase of 109.00 Cr..
For Total Assets, as of Mar 2025, the value is 2,178.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,089.00 Cr. (Mar 2024) to 2,178.00 Cr., marking an increase of 89.00 Cr..

Notably, the Reserves (974.00 Cr.) exceed the Borrowings (427.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	232	69	123	223	57	285	170	218	178	226	252	191
Cash from Investing Activity +	-325	-87	-100	-95	-13	-45	-43	-78	52	-165	-99	-112
Cash from Financing Activity +	92	19	-23	-128	-44	-241	-119	-99	-192	-139	-153	-78
Net Cash Flow	-2	1	-1	-0	0	-0	8	41	38	-78	1	1

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-541.00	-714.00	-697.00	-623.00	-688.00	-520.00	-458.00	-415.00	-228.00	-79.00	-262.00	-234.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	26	26	28	34	25	26	20	21	24	17	18	22
Inventory Days	147	110	87	100	83	96	66	102	82	63	97	139
Days Payable	136	204	155	137	167	106	149	186	144	76	78	125
Cash Conversion Cycle	37	-68	-40	-3	-59	16	-63	-63	-38	5	38	37
Working Capital Days	-7	-35	-37	-33	-59	-51	-84	-71	-38	2	20	12
ROCE %	20%	7%	1%	6%	6%	3%	6%	5%	10%	18%	25%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	46.76%	43.95%	44.85%	45.10%	45.10%	45.10%	45.10%	45.10%	44.08%	44.86%	44.86%	44.86%
FIIs	6.72%	6.32%	7.89%	8.22%	8.30%	7.99%	8.43%	7.87%	7.25%	7.35%	11.25%	11.35%
DIIs	0.02%	6.07%	0.20%	0.01%	0.01%	0.01%	0.11%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	46.50%	43.67%	47.04%	46.66%	46.58%	46.90%	46.35%	47.01%	48.65%	47.77%	43.87%	43.77%
No. of Shareholders	88,633	86,882	91,249	91,791	90,301	93,732	1,07,469	1,20,542	1,52,888	1,43,623	1,12,841	1,11,827

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 15	Mar 14	Mar 13	Mar 12	Mar 11
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	-0.28	1.81	5.05	1.55	1.47
Diluted EPS (Rs.)	-0.28	1.81	5.05	1.55	1.47
Cash EPS (Rs.)	2.16	4.24	7.52	4.02	3.90
Book Value[Excl.RevalReserv]/Share (Rs.)	25.90	26.16	24.77	20.59	19.70
Book Value[Incl.RevalReserv]/Share (Rs.)	26.23	26.53	25.16	21.00	20.14
Revenue From Operations / Share (Rs.)	58.76	63.18	63.29	58.30	53.95
PBDIT / Share (Rs.)	3.12	6.21	11.98	6.43	5.78
PBIT / Share (Rs.)	0.68	3.78	9.46	3.92	3.36
PBT / Share (Rs.)	-0.22	2.49	7.65	2.25	1.83
Net Profit / Share (Rs.)	-0.27	1.81	5.00	1.51	1.47
NP After MI And SOA / Share (Rs.)	-0.27	1.81	5.00	1.51	1.47
PBDIT Margin (%)	5.30	9.82	18.92	11.02	10.71
PBIT Margin (%)	1.15	5.97	14.94	6.72	6.22
PBT Margin (%)	-0.37	3.93	12.08	3.85	3.39
Net Profit Margin (%)	-0.47	2.85	7.89	2.59	2.73
NP After MI And SOA Margin (%)	-0.47	2.85	7.89	2.59	2.73
Return on Networth / Equity (%)	-1.07	6.90	20.18	7.33	7.47
Return on Capital Employeed (%)	1.13	6.23	19.17	9.65	9.09
Return On Assets (%)	-0.32	2.11	6.77	2.39	2.64
Long Term Debt / Equity (X)	1.03	1.07	0.74	0.71	0.63
Total Debt / Equity (X)	1.23	1.10	0.88	0.89	0.67
Asset Turnover Ratio (%)	0.68	0.79	0.93	0.99	0.99
Current Ratio (X)	0.58	0.73	0.81	0.71	0.78
Quick Ratio (X)	0.29	0.34	0.36	0.36	0.44
Inventory Turnover Ratio (X)	3.49	3.20	3.12	5.25	5.07
Dividend Payout Ratio (NP) (%)	0.00	19.93	7.20	23.84	24.42
Dividend Payout Ratio (CP) (%)	0.00	8.49	4.78	8.95	9.23
Earning Retention Ratio (%)	0.00	80.07	92.80	76.16	75.58
Cash Earning Retention Ratio (%)	0.00	91.51	95.22	91.05	90.77
Interest Coverage Ratio (X)	3.56	4.82	7.82	3.85	3.78
Interest Coverage Ratio (Post Tax) (X)	0.71	2.40	4.45	1.90	1.96
Enterprise Value (Cr.)	1032.94	847.36	721.00	573.17	475.75
EV / Net Operating Revenue (X)	0.82	0.63	0.54	0.48	0.44
EV / EBITDA (X)	15.53	6.51	2.87	4.39	4.19
MarketCap / Net Operating Revenue (X)	0.28	0.18	0.19	0.17	0.20
Retention Ratios (%)	0.00	80.06	92.79	76.15	75.57
Price / BV (X)	0.64	0.45	0.51	0.49	0.56
Price / Net Operating Revenue (X)	0.28	0.18	0.19	0.17	0.20
EarningsYield	-0.01	0.15	0.39	0.14	0.13

After reviewing the key financial ratios for DCW Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 15, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 14) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 15, the value is -0.28. This value is below the healthy minimum of 5. It has decreased from 1.81 (Mar 14) to -0.28, marking a decrease of 2.09.
For Diluted EPS (Rs.), as of Mar 15, the value is -0.28. This value is below the healthy minimum of 5. It has decreased from 1.81 (Mar 14) to -0.28, marking a decrease of 2.09.
For Cash EPS (Rs.), as of Mar 15, the value is 2.16. This value is below the healthy minimum of 3. It has decreased from 4.24 (Mar 14) to 2.16, marking a decrease of 2.08.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 15, the value is 25.90. It has decreased from 26.16 (Mar 14) to 25.90, marking a decrease of 0.26.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 15, the value is 26.23. It has decreased from 26.53 (Mar 14) to 26.23, marking a decrease of 0.30.
For Revenue From Operations / Share (Rs.), as of Mar 15, the value is 58.76. It has decreased from 63.18 (Mar 14) to 58.76, marking a decrease of 4.42.
For PBDIT / Share (Rs.), as of Mar 15, the value is 3.12. This value is within the healthy range. It has decreased from 6.21 (Mar 14) to 3.12, marking a decrease of 3.09.
For PBIT / Share (Rs.), as of Mar 15, the value is 0.68. This value is within the healthy range. It has decreased from 3.78 (Mar 14) to 0.68, marking a decrease of 3.10.
For PBT / Share (Rs.), as of Mar 15, the value is -0.22. This value is below the healthy minimum of 0. It has decreased from 2.49 (Mar 14) to -0.22, marking a decrease of 2.71.
For Net Profit / Share (Rs.), as of Mar 15, the value is -0.27. This value is below the healthy minimum of 2. It has decreased from 1.81 (Mar 14) to -0.27, marking a decrease of 2.08.
For NP After MI And SOA / Share (Rs.), as of Mar 15, the value is -0.27. This value is below the healthy minimum of 2. It has decreased from 1.81 (Mar 14) to -0.27, marking a decrease of 2.08.
For PBDIT Margin (%), as of Mar 15, the value is 5.30. This value is below the healthy minimum of 10. It has decreased from 9.82 (Mar 14) to 5.30, marking a decrease of 4.52.
For PBIT Margin (%), as of Mar 15, the value is 1.15. This value is below the healthy minimum of 10. It has decreased from 5.97 (Mar 14) to 1.15, marking a decrease of 4.82.
For PBT Margin (%), as of Mar 15, the value is -0.37. This value is below the healthy minimum of 10. It has decreased from 3.93 (Mar 14) to -0.37, marking a decrease of 4.30.
For Net Profit Margin (%), as of Mar 15, the value is -0.47. This value is below the healthy minimum of 5. It has decreased from 2.85 (Mar 14) to -0.47, marking a decrease of 3.32.
For NP After MI And SOA Margin (%), as of Mar 15, the value is -0.47. This value is below the healthy minimum of 8. It has decreased from 2.85 (Mar 14) to -0.47, marking a decrease of 3.32.
For Return on Networth / Equity (%), as of Mar 15, the value is -1.07. This value is below the healthy minimum of 15. It has decreased from 6.90 (Mar 14) to -1.07, marking a decrease of 7.97.
For Return on Capital Employeed (%), as of Mar 15, the value is 1.13. This value is below the healthy minimum of 10. It has decreased from 6.23 (Mar 14) to 1.13, marking a decrease of 5.10.
For Return On Assets (%), as of Mar 15, the value is -0.32. This value is below the healthy minimum of 5. It has decreased from 2.11 (Mar 14) to -0.32, marking a decrease of 2.43.
For Long Term Debt / Equity (X), as of Mar 15, the value is 1.03. This value exceeds the healthy maximum of 1. It has decreased from 1.07 (Mar 14) to 1.03, marking a decrease of 0.04.
For Total Debt / Equity (X), as of Mar 15, the value is 1.23. This value exceeds the healthy maximum of 1. It has increased from 1.10 (Mar 14) to 1.23, marking an increase of 0.13.
For Asset Turnover Ratio (%), as of Mar 15, the value is 0.68. It has decreased from 0.79 (Mar 14) to 0.68, marking a decrease of 0.11.
For Current Ratio (X), as of Mar 15, the value is 0.58. This value is below the healthy minimum of 1.5. It has decreased from 0.73 (Mar 14) to 0.58, marking a decrease of 0.15.
For Quick Ratio (X), as of Mar 15, the value is 0.29. This value is below the healthy minimum of 1. It has decreased from 0.34 (Mar 14) to 0.29, marking a decrease of 0.05.
For Inventory Turnover Ratio (X), as of Mar 15, the value is 3.49. This value is below the healthy minimum of 4. It has increased from 3.20 (Mar 14) to 3.49, marking an increase of 0.29.
For Dividend Payout Ratio (NP) (%), as of Mar 15, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 19.93 (Mar 14) to 0.00, marking a decrease of 19.93.
For Dividend Payout Ratio (CP) (%), as of Mar 15, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 8.49 (Mar 14) to 0.00, marking a decrease of 8.49.
For Earning Retention Ratio (%), as of Mar 15, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 80.07 (Mar 14) to 0.00, marking a decrease of 80.07.
For Cash Earning Retention Ratio (%), as of Mar 15, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 91.51 (Mar 14) to 0.00, marking a decrease of 91.51.
For Interest Coverage Ratio (X), as of Mar 15, the value is 3.56. This value is within the healthy range. It has decreased from 4.82 (Mar 14) to 3.56, marking a decrease of 1.26.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 15, the value is 0.71. This value is below the healthy minimum of 3. It has decreased from 2.40 (Mar 14) to 0.71, marking a decrease of 1.69.
For Enterprise Value (Cr.), as of Mar 15, the value is 1,032.94. It has increased from 847.36 (Mar 14) to 1,032.94, marking an increase of 185.58.
For EV / Net Operating Revenue (X), as of Mar 15, the value is 0.82. This value is below the healthy minimum of 1. It has increased from 0.63 (Mar 14) to 0.82, marking an increase of 0.19.
For EV / EBITDA (X), as of Mar 15, the value is 15.53. This value exceeds the healthy maximum of 15. It has increased from 6.51 (Mar 14) to 15.53, marking an increase of 9.02.
For MarketCap / Net Operating Revenue (X), as of Mar 15, the value is 0.28. This value is below the healthy minimum of 1. It has increased from 0.18 (Mar 14) to 0.28, marking an increase of 0.10.
For Retention Ratios (%), as of Mar 15, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 80.06 (Mar 14) to 0.00, marking a decrease of 80.06.
For Price / BV (X), as of Mar 15, the value is 0.64. This value is below the healthy minimum of 1. It has increased from 0.45 (Mar 14) to 0.64, marking an increase of 0.19.
For Price / Net Operating Revenue (X), as of Mar 15, the value is 0.28. This value is below the healthy minimum of 1. It has increased from 0.18 (Mar 14) to 0.28, marking an increase of 0.10.
For EarningsYield, as of Mar 15, the value is -0.01. This value is below the healthy minimum of 5. It has decreased from 0.15 (Mar 14) to -0.01, marking a decrease of 0.16.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of DCW Ltd as of June 1, 2025 is: 62.59

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 1, 2025, DCW Ltd is Overvalued by 18.50% compared to the current share price 76.80

Intrinsic Value of DCW Ltd as of June 1, 2025 is: 92.01

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 1, 2025, DCW Ltd is Undervalued by 19.80% compared to the current share price 76.80

Last 5 Year EPS CAGR: 47.01%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -31.75, which is a positive sign. The stock has a low average Cash Conversion Cycle of -16.75, which is a positive sign. The company has higher reserves (694.67 cr) compared to borrowings (643.67 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.25 cr) and profit (41.08 cr) over the years.	The stock has a low average ROCE of 9.50%, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in DCW Ltd:
1. Net Profit Margin: -0.47%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 1.13% (Industry Average ROCE: 33.29%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -1.07% (Industry Average ROE: 14.88%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 0.71
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.29
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 74.8 (Industry average Stock P/E: 43.6)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.23
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

DCW Ltd. is a Public Limited Listed company incorporated on 28/01/1939 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24110GJ1939PLC000748 and registration number is 000748. Currently Company is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company's Total Operating Revenue is Rs. 2000.34 Cr. and Equity Capital is Rs. 59.03 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Petrochemicals - Others	Soda Ash Division: Dhrangadhra, Dhrangadhra Gujarat 363315	ho@dcwltd.com http://www.dcwltd.com

Management
Name	Position Held
Mr. Pramod Kumar Jain	Chairman & Managing Director
Mr. Bakul Jain	Managing Director
Mr. Vivek Jain	Managing Director
Mr. Mahesh Vennelkanti	Independent Director
Mr. Krishnamoorthy Krishnan	Independent Director
Mrs. Sujata Rangnekar	Independent Director

FAQ

What is the intrinsic value of DCW Ltd?

DCW Ltd's intrinsic value (as of 01 June 2025) is ₹62.59 — 18.50% lower the current market price of 76.80, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,266 Cr. market cap, FY2025-2026 high/low of ₹113/48.6, reserves of 974 Cr, and liabilities of 2,178 Cr.

What is the Market Cap of DCW Ltd?

The Market Cap of DCW Ltd is 2,266 Cr..

What is the current Stock Price of DCW Ltd as on 01 June 2025?

The current stock price of DCW Ltd as on 01 June 2025 is 76.8.

What is the High / Low of DCW Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of DCW Ltd stocks is ₹113/48.6.

What is the Stock P/E of DCW Ltd?

The Stock P/E of DCW Ltd is 74.8.

What is the Book Value of DCW Ltd?

The Book Value of DCW Ltd is 35.0.

What is the Dividend Yield of DCW Ltd?

The Dividend Yield of DCW Ltd is 0.00 %.

What is the ROCE of DCW Ltd?

The ROCE of DCW Ltd is 7.96 %.

What is the ROE of DCW Ltd?

The ROE of DCW Ltd is 2.93 %.

What is the Face Value of DCW Ltd?

The Face Value of DCW Ltd is 2.00.