DCW Q3 Result 2024: Date and Time, Share Price and Target

News: In this article, we’ll delve into the third-quarter results of DCW Limited, a company operating in the petrochemicals industry. We’ll cover essential details such as the announcement date, share price movements, and target outlook.

DCW Overview

• DCW Limited is a player in the petrochemicals sector.
• The company’s stock is traded on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

Key Highlights

1. Date and Time of Q3 Results Announcement

• DCW’s Q3 results are scheduled to be announced during a board meeting on February 14, 2024.
• Investors and stakeholders should mark this date on their calendars.

2. Share Price Insights

• As of February 9, 2024, DCW’s share price stood at ₹65.55 on the NSE.
• On the same day, the stock witnessed a 3.75% decline.
• The stock’s 52-week high was ₹72.40, while the 52-week low was ₹40.05.
• The price-to-earnings (PE) ratio was 19.95, and the earnings per share (EPS) for the trailing twelve months was ₹3.26.
• DCW’s market capitalization was approximately ₹1,939.17 crore.
• The company’s return on equity (ROE) outperformed its 5-year average, standing at 18.72%.

3. Analysts’ Target and Recommendations

1. While no specific target was mentioned for Q3, analysts’ forecasts indicate an uptrend for DCW’s share price.
2. The nearest possible targets are ₹65 and ₹67.45.
3. In case of a trend reversal, potential future targets could be ₹58, ₹55, ₹52, ₹49, ₹46, ₹43, or even ₹33.50.

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About DCW Limited :

DCW’s product mix includes a variety of chemicals, spanning from commodity to specialty and intermediate chemicals:

Specialty Chemicals:

• Synthetic Rutile: A valuable specialty chemical.
• SIOP (Synthetic Iron Oxide Pigment): Used in various applications.
• C-PVC (Chlorinated Poly Vinyl Chloride): A specialized form of PVC.

Intermediate Chemicals:

These chemicals serve as building blocks for more complex products or are directly sold based on market conditions:

• Sodium Bicarbonate
• Hydrochloric Acid
• Liquid Chlorine
• Trichloroethylene
• Utox
• Ferric Chloride
• Sodium Hypochlorite
• Ammonium Bicarbonate
• Commodity Chemicals:

Key products with widespread applications:

• Soda Ash
• Caustic Soda
• PVC (Poly Vinyl Chloride)

Financial Performance

In FY 2022-23, DCW achieved the following vital statistics:

• Revenue from operations: ₹26,338.0 million.
• Operating EBITDA: ₹4,438.1 million.
• Specialty chemicals’ share of EBITDA: 26%.
• Gross Debt to Equity ratio: Improved to 0.49 (from 0.69 a year ago).
• Current Ratio: Improved to 1.38 (from 1.02 a year ago).
• Net Debt to EBITDA ratio: Improved to 0.76 (from 1.33 in FY 2021-22).
• Return on Capital Employed (ROCE): 21.6% (improved from 17% in FY 2021-22).

Power Capacity

• DCW boasts a 70 MW captive power capacity.

Investors should closely monitor DCW’s Q3 results announcement and consider the stock’s performance against analysts’ predictions. As always, prudent decision-making requires a thorough understanding of the company’s financials and market dynamics.

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