DCW Limited — PPTs, 08-08-2025: Investor Presentation

**Financial Highlights:** Q1-FY26 revenue at ₹475.5 Cr (-4.8% YoY), impacted by PVC realization. EBITDA rose 19% YoY to ₹53.8 Cr (11.31% margin), driven by Caustic Soda & lower power costs. PAT surged 70.1% YoY to ₹11.4 Cr due to cost efficiencies. Finance costs are at a 32-quarter low. FY25 Net Debt to Equity is 0.20x. Specialty chemical plants have high utilization: SIOP 122%, C-PVC 85%.

**Strategic Initiatives & Growth Drivers:** Strategic shift to high-margin Specialty Chemicals. A 44.5 MW solar project is operational, cutting Sahupuram power costs by 25%. Capex underway to double C-PVC capacity (20KT added) & boost SIOP throughput. A 2,900-acre land bank supports future expansion.

**Business Developments:** Pioneer in India's chemical sector (first Soda Ash & C-PVC). Leading C-PVC & SIOP manufacturer with global reach (12+ countries). Diversified product portfolio serves 15+ industries.

**Market Position & Competitive Advantage:** Asia's unique commercial-scale SIOP manufacturer. Sahupuram plant offers logistical advantage (port proximity). Self-sufficiency in power/raw materials & tech tie-ups enhance competitive edge. 8 decades of established relationships.

**Investor Implications:** Solid Q1 results show operational efficiency. Strategic shift to specialty chemicals, capacity expansions, & green energy signal positive growth potential. Healthy balance sheet & declining finance costs support future profitability.