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Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500117 | NSE: DCW

Fundamental Analysis of DCW Ltd

Basic Stock Data of DCW Ltd

Last Updated: April 9, 2024, 10:07 am

Market Cap 1,690 Cr.
Current Price 57.3
High / Low72.4/42.1
Stock P/E45.9
Book Value 35.2
Dividend Yield0.86 %
ROCE24.6 %
ROE17.6 %
Face Value 2.00

Data Source:

Competitors of DCW Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Goa Carbons Ltd 873 Cr. 953976/42710.7 2321.84 %32.1 %53.7 % 10.0
Asian Petroproducts & Exports Ltd 13.8 Cr. 16.049.2/12.0 2.570.00 %%% 10.0
Industry Average443.40 Cr484.505.35117.290.92%16.05%26.85%10.00

DCW Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit57705779899912210610299514219
OPM %15%15%11%14%14%14%16%15%18%17%12%10%5%
Other Income2716111173464443
Profit before tax10192129415291566662154-19
Tax %38%65%35%33%35%8%35%11%27%43%35%41%35%
Net Profit661320274859504835103-12
EPS in Rs0.240.250.510.751.021.832.121.681.631.200.340.09-0.42

Last Updated: April 12, 2024, 3:35 am

DCW Ltd Quarterly Chart

DCW Ltd Profit & Loss - Annual Report

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit12524813066150147126163147209328429212
OPM %11%19%10%5%12%13%11%12%12%14%13%16%12%
Other Income5-31-03263811176116
Profit before tax4616052-52725-49-22-401414327463
Tax %33%35%27%-24%36%19%59%80%33%72%25%30%
Net Profit3110538-61720-20-4-27410819236
EPS in Rs1.515.001.81-0.280.780.92-0.91-0.19-
Dividend Payout %24%7%20%0%0%0%0%0%0%0%10%5%

DCW Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

YoY Net Profit Growth (%)238.71%-63.81%-115.79%383.33%17.65%-200.00%80.00%-575.00%114.81%2600.00%77.78%
Change in YoY Net Profit Growth (%)0.00%-302.52%-51.98%499.12%-365.69%-217.65%280.00%-655.00%689.81%2485.19%-2522.22%

DCW Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:17%
3 Years:27%
Compounded Profit Growth
10 Years:4%
5 Years:58%
3 Years:101%
Stock Price CAGR
10 Years:16%
5 Years:25%
3 Years:22%
1 Year:28%
Return on Equity
10 Years:4%
5 Years:6%
3 Years:11%
Last Year:18%

DCW Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital41424243444444445252525959
Other Liabilities405477562507481529455504550564553530613
Total Liabilities1,2771,5481,7901,8471,9631,9521,9041,8191,8341,8751,9032,0632,139
Fixed Assets6876646616351,2601,5311,4711,5341,4671,4071,3521,2961,261
Other Assets373442411363336299309278354464543708766
Total Assets1,2771,5481,7901,8471,9631,9521,9041,8191,8341,8751,9032,0632,139

DCW Ltd Reserves and Borrowings Chart

DCW Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 922062326912322357285170218178226
Cash from Investing Activity -161-261-325-87-100-95-13-45-43-7852-165
Cash from Financing Activity 73539219-23-128-44-241-119-99-192-139
Net Cash Flow4-2-21-1-00-084138-78

DCW Ltd Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-322.00-296.00-541.00-714.00-697.00-623.00-688.00-520.00-458.00-415.00-228.00-79.00

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.

DCW Ltd Free Cash Flow Chart

DCW Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days232626283425262021241718
Inventory Days9814711087100839666102826397
Days Payable1301362041551371671061491861447678
Cash Conversion Cycle-937-68-40-3-5916-63-63-38538
Working Capital Days-20-7-35-37-33-59-51-84-71-38220
ROCE %10%20%7%1%6%6%3%6%5%10%18%25%

DCW Ltd Financial Efficiency Indicators Chart

DCW Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders58,97887,81687,68292,97088,63386,88291,24991,79190,30193,7321,07,4691,20,542

DCW Ltd Shareholding Pattern Chart

No. of DCW Ltd Shareholders

This stock is not held by any mutual fund

DCW Ltd ROCE Trend

DCW Ltd EPS Trend

DCW Ltd Key Financial Ratios

MonthMar 15Mar 14Mar 13Mar 12Mar 11
Basic EPS (Rs.)-0.281.815.051.551.47
Diluted EPS (Rs.)-0.281.815.051.551.47
Cash EPS (Rs.)
Book Value[Excl.RevalReserv]/Share (Rs.)25.9026.1624.7720.5919.70
Book Value[Incl.RevalReserv]/Share (Rs.)26.2326.5325.1621.0020.14
Revenue From Operations / Share (Rs.)58.7663.1863.2958.3053.95
PBDIT / Share (Rs.)3.126.2111.986.435.78
PBIT / Share (Rs.)0.683.789.463.923.36
PBT / Share (Rs.)-0.222.497.652.251.83
Net Profit / Share (Rs.)-0.271.815.001.511.47
NP After MI And SOA / Share (Rs.)-0.271.815.001.511.47
PBDIT Margin (%)5.309.8218.9211.0210.71
PBIT Margin (%)1.155.9714.946.726.22
PBT Margin (%)-0.373.9312.083.853.39
Net Profit Margin (%)-0.472.857.892.592.73
NP After MI And SOA Margin (%)-0.472.857.892.592.73
Return on Networth / Equity (%)-1.076.9020.187.337.47
Return on Capital Employeed (%)1.136.2319.179.659.09
Return On Assets (%)-0.322.116.772.392.64
Long Term Debt / Equity (X)
Total Debt / Equity (X)
Asset Turnover Ratio (%)0.680.790.930.990.99
Current Ratio (X)0.580.730.810.710.78
Quick Ratio (X)0.290.340.360.360.44
Inventory Turnover Ratio (X)3.493.
Dividend Payout Ratio (NP) (%)0.0019.937.2023.8424.42
Dividend Payout Ratio (CP) (%)0.008.494.788.959.23
Earning Retention Ratio (%)0.0080.0792.8076.1675.58
Cash Earning Retention Ratio (%)0.0091.5195.2291.0590.77
Interest Coverage Ratio (X)3.564.827.823.853.78
Interest Coverage Ratio (Post Tax) (X)0.712.404.451.901.96
Enterprise Value (Cr.)1032.94847.36721.00573.17475.75
EV / Net Operating Revenue (X)0.820.630.540.480.44
EV / EBITDA (X)15.536.512.874.394.19
MarketCap / Net Operating Revenue (X)
Retention Ratios (%)0.0080.0692.7976.1575.57
Price / BV (X)0.640.450.510.490.56
Price / Net Operating Revenue (X)

DCW Ltd Profitability Ratios (%)

DCW Ltd Liquidity Ratios

DCW Ltd Liquidity Ratios (%)

DCW Ltd Interest Coverage Ratios (%)

DCW Ltd Valuation Ratios

Fair Value of DCW Ltd Stock

Fair Value: 286.81

The stock is undervalued by 400.53% compared to the current price ₹57.3

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.

*Investments are subject to market risks

Strength and Weakness of DCW Ltd Stock

  1. The stock has a low average Working Capital Days of -34.42, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -20.58, which is a positive sign.
  3. The company has shown consistent growth in sales (1.15 cr) and profit (52.92 cr) over the years.
  1. The stock has a low average ROCE of 9.75%, which may not be favorable.
  2. The company has higher borrowings (641.31) compared to reserves (633.00), which may suggest financial risk.

Should I Buy DCW Ltd Share Now?

  • 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: 16.05%)
      • 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: 26.85%)
      • 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: 45.9 (Industry average Stock P/E: 5.35)
      • 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 - DCW Ltd

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 dyes and pigments from any source in basic form or as concentrate. Company’s Total Operating Revenue is Rs. 2454.74 Cr. and Equity Capital is Rs. 52.21 Cr. for the Year ended 31/03/2022.
Petrochemicals - OthersSoda Ash Division: Dhrangadhra Gujarat
NamePosition Held
Mr. Pramod Kumar JainChairman & Managing Director
Mr. Bakul JainManaging Director
Mr. Vivek JainManaging Director
Mr. Mahesh VennelkantiIndependent Director
Mr. Krishnamoorthy KrishnanIndependent Director
Ms. Sujata RangnekarIndependent Director

DCW Ltd. Share Price Update

Share PriceValue
Previous Day₹58.01


What is the latest fair value of DCW Ltd?

The latest fair value of DCW Ltd is 286.81.

What is the Market Cap of DCW Ltd?

The Market Cap of DCW Ltd is 1,690 Cr..

What is the current Stock Price of DCW Ltd as on 13 April 2024?

The current stock price of DCW Ltd as on 13 April 2024 is 57.3.

What is the High / Low of DCW Ltd stocks in FY 2024?

In FY 2024, the High / Low of DCW Ltd stocks is ₹72.4/42.1.

What is the Stock P/E of DCW Ltd?

The Stock P/E of DCW Ltd is 45.9.

What is the Book Value of DCW Ltd?

The Book Value of DCW Ltd is 35.2.

What is the Dividend Yield of DCW Ltd?

The Dividend Yield of DCW Ltd is 0.86 %.

What is the ROCE of DCW Ltd?

The ROCE of DCW Ltd is 24.6 %.

What is the ROE of DCW Ltd?

The ROE of DCW Ltd is 17.6 %.

What is the Face Value of DCW Ltd?

The Face Value of DCW Ltd is 2.00.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in DCW Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE