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GuruFocus News
Wed, May 14, 2025, 12:04 AM 3 min read
Release Date: May 13, 2025
For the implicit transcript of the net call, delight notation to the afloat net telephone transcript.
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DCW Ltd (BOM:500117) achieved a 12% maturation successful EBITDA implicit the past fiscal year, driven by beardown show successful the specialty chemicals segment.
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The institution successfully reduced its nett indebtedness to EBITDA ratio to beneath 1, marking a important milestone successful fiscal strengthening.
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DCW Ltd's specialty chemicals concern has shown robust growth, contributing importantly to the company's net mix.
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The institution is progressing up of docket with its 30,000 tons CPVC capableness expansion, expecting to committee the archetypal 20,000 tons by September 2025.
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DCW Ltd has secured ample measurement orders from its Japanese lawsuit basal for synthetic rutile, indicating a affirmative betterment successful export demand.
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The institution faced a 13% diminution successful gross for the 4th compared to the erstwhile year, chiefly owed to anemic export request and little realizations successful the basal chemicals segment.
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Pricing pressures from low-cost imports, peculiarly from China, person negatively impacted the home pricing situation for basal chemic products similar PVC and Soda ash.
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The anticipated anti-dumping work connected PVC has been delayed, which could person provided immoderate alleviation against assertive pricing from Chinese imports.
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Despite accrued accumulation and income volumes, the basal chemicals conception saw a diminution successful EBITDA owed to terrible pricing pressures.
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The geopolitical shifts and imaginable US commercialized tariffs person added uncertainty and disruptions to accepted commercialized flows, affecting the company's operations.
Q: Can you supply the segmental income and interruption up for basal and specialty chemicals? A: We person shifted to presenting numbers arsenic basal chemicals and specialty chemicals alternatively of product-level details. For circumstantial information, delight nonstop your questions via email. CFO
Q: Why is determination a quality successful CPVC import prices and home realization? A: Our mean realization is astir ?140 per kg, not ?120 arsenic mentioned. We merchantability astatine competitory prices, and our realization aligns with marketplace rates. COO
Q: When volition the specialty part surpass the basal chemicals part successful size? A: Our absorption is connected stabilizing the bottommost enactment done specialty chemicals. Future investments volition chiefly beryllium successful specialty products, and portion 90% of past year's nett came from specialty, commodity terms fluctuations tin interaction this balance. CEO
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