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DCM Nouvelle Limited (DCMNVL)

₹170.00 +0.00% last close, 16 Oct

📊 NSE: DCMNVL 🏢 Textiles - Cotton/Blended 📢 Latest filing: 26 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, DCM Nouvelle's revenue was ₹287 Cr (+13.8% year on year, +9.3% on the previous quarter), and net profit ₹27.5 Cr; the operating margin was 17.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹287	+13.8%	+9.3%
Operating profit	₹48.9	+211.9%	+177.5%
Net profit	₹27.5	—	+593.5%
EPS (₹)	14.98	—	+532.1%
Operating margin	17.0%	—	—

Full quarterly financials → Results calendar →

DCMNVL exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 1 session in about the last 20.

₹170.00NSE close · +0.00%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

DCM Nouvelle Shareholders Approve All 3 AGM Resolutions with Over 99.8% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Sep 2026, 11:48 PM

DCM Nouvelle Limited announced the scrutinizer's report for its 10th Annual General Meeting held on September 25, 2026. All three proposed resolutions were passed with overwhelming support (>99.8% votes in favor). The resolutions included adopting FY26 audited standalone and consolidated financial statements, reappointing retiring director Sh. Jitendra Tuli, and ratifying remuneration for the cost auditors for FY27. Total meeting attendance recorded was 273 members via video conferencing.

Adoption of FY26 financial statements passed with 99.9983% votes in favor (1,12,82,614 votes).
Re-appointment of Director Sh. Jitendra Tuli approved with 99.8795% majority.
Ratification of FY27 Cost Auditors remuneration passed with 99.9947% votes in favor.
A total attendance of 273 members was recorded via VC/OAVM.

💡 Track the upcoming Q2 FY27 financial performance and monitor progress on the specialty chemicals capacity expansion under subsidiary DCMNSCL.

DCM Nouvelle Dispatches FY26 Annual Report Weblinks; 10th AGM Set for September 25, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 31 Aug 2026, 05:18 PM

DCM Nouvelle Limited has dispatched physical letters containing the weblink and path to access its FY 2025-26 Annual Report to shareholders whose email addresses are not registered with the company or depositories. The company also announced that its 10th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 11:00 AM IST via Video Conferencing. This is a standard statutory compliance filing under SEBI LODR Regulation 36(1)(b).

10th Annual General Meeting scheduled for September 25, 2026, at 11:00 AM IST via Video Conferencing
Physical intimation dispatched to shareholders without registered email IDs under Regulation 36(1)(b)
Annual Report for FY 2025-26 made available on the company website and stock exchanges

💡 Shareholders should note the AGM date of September 25, 2026, review the AGM notice for e-voting details and cut-off dates, and register their email IDs with depositories for electronic delivery.

DCM Nouvelle Submits Voluntary BRSR for FY 2025-26; Exports Form 40.24% of Revenue

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 02:14 PM

DCM Nouvelle Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 as part of its 10th Annual Report. Although the company does not fall within the top 1,000 listed entities by market capitalization where BRSR is mandatory, it voluntarily adopted essential indicator disclosures. The report highlights an operational spinning capacity of 1,57,872 spindles (~40,000 MT/year) at Hisar, Haryana, with exports accounting for 40.24% of FY26 turnover across 16 countries. On a standalone basis, FY26 turnover stood at ₹1,015.17 Cr with a net worth of ₹326.85 Cr.

Voluntary disclosure of BRSR essential indicators for FY 2025-26 as part of the Annual Report
Exports contributed 40.24% of total turnover, reaching 16 international country markets
Operating spinning capacity maintained at 1,57,872 spindles with an annual capacity of ~40,000 MT
Input sourcing: 39.64% of inputs directly sourced from MSMEs/small producers in FY26 (vs 50.04% in FY25)
Total workforce comprises 157 permanent employees and 1,944 workers (1,633 permanent, 311 contract)

💡 Track the upcoming Annual General Meeting and operational performance updates on the specialty chemical subsidiary (DCMNSCL) in subsequent quarterly filings.

DCM Nouvelle Convenes 10th AGM on Sept 25, 2026; Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 01:54 PM

DCM Nouvelle Limited has issued the notice for its 10th Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing. Alongside the notice, the company submitted its Annual Report for FY2025-26, which highlights an operating capacity of 1,57,872 spindles at its Hisar facility and the commissioning of a 500 KW solar power plant. Key audit matters in the annual report also disclosed an impairment of ₹35.61 crore (₹3,561.06 lacs) recognized during FY26 on its investment in specialty chemicals subsidiary DCM Nouvelle Specialty Chemicals Limited.

10th Annual General Meeting scheduled for September 25, 2026 at 11:00 AM IST via VC/OAVM
Cotton yarn manufacturing spinning capacity stands at 1,57,872 spindles at the Hisar unit
Commissioned a 500 KW ground-mounted solar power plant during FY26 to reduce power costs
Impairment of ₹3,561.06 lacs (₹35.61 cr) recognized on investment in subsidiary DCM Nouvelle Specialty Chemicals Limited in FY26

💡 Track voting outcomes and management commentary at the upcoming AGM on September 25, 2026, particularly regarding the turnaround and performance trajectory of the specialty chemicals subsidiary.

Rs 28.53 Cr Q1 Profit: DCMNVL Reports 10x YoY PAT Growth; Revenue Up 13.8%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 07 Aug 2026, 05:42 PM

DCM Nouvelle Limited delivered a massive earnings beat for Q1 FY27, with consolidated net profit surging to Rs 28.53 Cr from just Rs 2.85 Cr in the same quarter last year. Revenue grew 13.8% YoY to Rs 287.43 Cr, driven by strong performance in the textile segment and a 111% sequential growth in the nascent chemicals business. Notably, the quarterly standalone PAT of Rs 31.45 Cr represents nearly 20% of the company's current market capitalization, indicating a significant turnaround in profitability. However, the consolidated profit remains lower than standalone, suggesting the specialty chemicals subsidiary is still incurring losses during its scale-up phase.

Consolidated Net Profit jumped to Rs 28.53 Cr in Q1 FY27 from Rs 2.85 Cr in Q1 FY26.
Consolidated Revenue from operations increased to Rs 287.43 Cr, up 13.8% YoY.
Chemicals segment revenue grew to Rs 3.98 Cr from Rs 1.88 Cr in the previous quarter.
Standalone EPS for the quarter reached Rs 16.84, compared to Rs 3.57 in the year-ago period.
Textile segment Profit Before Tax (PBT) improved significantly to Rs 42.05 Cr from Rs 8.90 Cr YoY.

💡 Investors should monitor the sustainability of these high textile margins and the pace at which the specialty chemicals subsidiary (DCMNSCL) reaches break-even, as it currently drags down consolidated profits.

DCM Nouvelle Submits Quarterly Share Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 01:15 PM

DCM Nouvelle Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that physical share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled by the Registrar and Share Transfer Agent (RTA). The RTA, Skyline Financial Services, verified that the depository's name was substituted in the records within the mandated 15-day period. This is a standard administrative filing with no impact on the company's financial health or operations.

Compliance certificate submitted for the quarter ended June 30, 2026
Confirmation that share certificates were mutilated and cancelled within 15 days of receipt
Registrar and Share Transfer Agent (RTA) identified as Skyline Financial Services Private Limited
Filing confirms the substitution of the depository's name in the company's records

💡 This is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results to assess the performance of its specialty chemicals expansion.

DCMNVL to Close Trading Window from July 1, 2026, for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jun 2026, 11:56 AM

DCM Nouvelle Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the un-audited financial results are declared to the stock exchanges. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure begins on Wednesday, July 1, 2026.
Closure pertains to the un-audited financial results for the quarter ending June 30, 2026.
The window will reopen 48 hours after the results are officially disclosed.
Applies to all Designated Persons including Directors, KMPs, and Promoters.

💡 This is a routine regulatory filing; investors should wait for the announcement of the board meeting date to evaluate the company's quarterly performance.

DCM Nouvelle Shareholders Approve Re-appointment of Two Independent Directors with 99.98% Majority

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 06 Jun 2026, 07:59 PM

DCM Nouvelle Limited (DCMNVL) has successfully passed two special resolutions via postal ballot for the re-appointment of Independent Directors. Shareholders overwhelmingly supported the re-appointment of Mr. Vivek Chhachhi for a second five-year term and Mr. Kulbir Singh for a term ending in May 2027. Both resolutions received approximately 99.98% of the total votes cast, reflecting strong institutional and promoter support for the existing board leadership.

Mr. Vivek Chhachhi re-appointed as Non-Executive Independent Director for a second 5-year term until March 2031.
Mr. Kulbir Singh re-appointed as Non-Executive Independent Director for a period ending May 11, 2027.
Both special resolutions passed with a 99.984% majority, representing 1,10,60,351 votes in favor.
Minimal dissent recorded with only 1,774 votes (0.016%) cast against the resolutions.
The voting process was conducted via remote e-voting and concluded on June 5, 2026.

💡 No immediate action is required as these are routine re-appointments ensuring governance continuity. The high approval rate indicates stable corporate governance and shareholder trust in the board.

DCM Nouvelle Reports FY26 Net Loss of ₹18.02 Cr Impacted by ₹31.47 Cr Exceptional Item

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 15 May 2026, 06:21 PM

DCM Nouvelle Limited reported a significant swing to a net loss of ₹18.02 crore for the full year ended March 31, 2026, compared to a profit of ₹22.67 crore in the previous fiscal. The bottom line was severely impacted by a one-time exceptional charge of ₹31.47 crore recognized in the fourth quarter. Annual revenue from operations also saw a marginal decline of 4.1%, settling at ₹1,015.17 crore. On a positive note, the company successfully reduced its finance costs by approximately 27.7% YoY, indicating improved debt management.

Annual revenue from operations decreased to ₹1,015.17 crore from ₹1,058.45 crore in FY25.
Recorded a consolidated net loss of ₹18.02 crore for FY26 against a profit of ₹22.67 crore in FY25.
A major exceptional item of ₹31.47 crore in Q4 FY26 led to a quarterly loss of ₹24.82 crore.
Finance costs for the year were reduced to ₹18.88 crore from ₹26.11 crore in the previous year.
Earnings Per Share (EPS) fell sharply to -₹9.65 from ₹12.14 YoY.

💡 Investors should seek clarity on the nature of the ₹31.47 crore exceptional item to understand if it is a non-recurring event. While the reduction in finance costs is positive, the decline in revenue and the shift to a net loss warrant a cautious approach until operational stability is restored.

DCM Nouvelle Seeks Shareholder Approval for Re-appointment of Two Independent Directors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 06 May 2026, 11:59 AM

DCM Nouvelle Limited has issued a postal ballot notice to seek shareholder approval for the re-appointment of two Independent Directors via special resolutions. Mr. Vivek Chhachhi is proposed for a second five-year term from April 1, 2026, to March 31, 2031, while Mr. Kulbir Singh is proposed for a term until May 11, 2027. Notably, the company seeks approval for Mr. Singh to continue his directorship beyond the age of 75. The e-voting process is scheduled to run from May 7, 2026, to June 5, 2026.

Re-appointment of Mr. Vivek Chhachhi as Independent Director for a 5-year term starting April 1, 2026.
Re-appointment of Mr. Kulbir Singh as Independent Director for a period ending May 11, 2027.
Special resolution required for Mr. Kulbir Singh to continue serving on the board beyond 75 years of age.
E-voting period commences on May 7, 2026, and concludes on June 5, 2026.
Cut-off date for determining shareholder eligibility to vote is May 1, 2026.

💡 Investors should review the qualifications and performance of the directors and participate in the e-voting process to ensure sound corporate governance. This is a routine management continuity matter and does not require immediate changes to investment positions.

DCM Nouvelle Approves Postal Ballot and Appoints Scrutinizer for E-Voting

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Apr 2026, 03:05 PM

DCM Nouvelle Limited has initiated a postal ballot process following a board resolution passed via circulation on April 28, 2026. The company has appointed M/s Pragnya Pradhan and Associates as the scrutinizer to ensure a fair and transparent voting process. NSDL has been designated as the service provider for the e-voting facility. This is a standard administrative procedure to seek shareholder approval for specific corporate actions which will be detailed in the upcoming postal ballot notice.

Board approved resolutions via circulation on April 28, 2026, regarding shareholder voting.
M/s Pragnya Pradhan and Associates (CP No. 12030) appointed as Scrutinizer for the ballot process.
National Securities Depository Limited (NSDL) appointed to provide electronic voting services.
Approval of the Postal Ballot Notice dated April 28, 2026, along with the calendar of events.

💡 Investors should monitor for the release of the detailed Postal Ballot Notice to understand the specific resolutions being put to a vote. No immediate action is required as this is a routine compliance filing.

DCM Nouvelle Re-appoints Vivek Chhachhi and Kulbir Singh as Independent Directors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Mar 2026, 05:23 PM

DCM Nouvelle's Board has approved the re-appointment of two Independent Directors to ensure leadership continuity. Mr. Vivek Chhachhi, an investment advisor with 15 years of experience at CVCI, has been re-appointed for a five-year term starting April 1, 2026. Mr. Kulbir Singh, a former Grindlays Bank professional with expertise in financial management, has been re-appointed for a term from June 22, 2026, to May 11, 2027. Both appointments are subject to shareholder approval and follow recommendations from the Nomination and Remuneration Committee.

Mr. Vivek Chhachhi re-appointed for a 5-year term from April 1, 2026, to March 31, 2031
Mr. Kulbir Singh re-appointed for a second term from June 22, 2026, to May 11, 2027
Both directors are confirmed as not debarred from holding office by SEBI or any other authority
Re-appointments aim to maintain board stability and leverage directors' expertise in finance and strategy

💡 No immediate action is required as these are routine re-appointments for board continuity. Investors should look for the upcoming shareholder resolution to confirm these appointments.

DCM Nouvelle Re-appoints Vivek Chhachhi and Kulbir Singh as Independent Directors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 31 Mar 2026, 04:30 PM

DCM Nouvelle Limited has announced the re-appointment of two Non-Executive Independent Directors to its Board. Mr. Vivek Chhachhi has been re-appointed for a second five-year term effective from April 01, 2026, through March 31, 2031. Additionally, Mr. Kulbir Singh has been re-appointed for a term starting June 22, 2026, until May 11, 2027. Both appointments are subject to shareholder approval and are intended to maintain leadership continuity and governance standards.

Re-appointment of Mr. Vivek Chhachhi as Independent Director for a 5-year term starting April 2026.
Re-appointment of Mr. Kulbir Singh as Independent Director from June 22, 2026, to May 11, 2027.
Both directors are confirmed as not debarred from holding office by any SEBI order.
Appointments were recommended by the Nomination and Remuneration Committee and require shareholder approval.

💡 No immediate action is required as these are routine board re-appointments. Investors should look for the upcoming shareholder resolution to confirm these appointments.

DCM Nouvelle to Close Trading Window from April 1, 2026, for FY26 Audited Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 04:30 PM

DCM Nouvelle Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This is a standard regulatory requirement under SEBI Insider Trading regulations ahead of the declaration of audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially released to the stock exchanges. The company will announce the specific date for the Board of Directors meeting to approve these results in a separate future filing.

Trading window closure effective from Wednesday, April 1, 2026.
Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
Applies to Directors, Promoters, Key Managerial Personnel, and identified employees.
Window to reopen 48 hours after the financial results are declared to BSE and NSE.
Board meeting date for result consideration to be intimated in due course.

💡 This is a routine regulatory announcement with no impact on company fundamentals. Investors should wait for the announcement of the board meeting date to assess the upcoming financial performance.

DCM Nouvelle Receives IT Assessment Order for AY 2024-25; Nil Tax Demand

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 25 Mar 2026, 02:42 PM

DCM Nouvelle Limited has received an assessment order for AY 2024-25 from the Income Tax Department involving disallowances totaling over ₹3 crore. The major adjustments include a ₹2.36 crore disallowance under Section 43B and ₹37.57 lakh under Section 80JJAA. Crucially, the net tax demand is ₹0 because the additions only result in a reduction of the company's carried-forward losses rather than an immediate cash liability. The company has expressed its intention to appeal the order before the Appellate Authority.

Disallowance of ₹2.36 crore claimed under Section 43B on a payment basis
Disallowance of ₹37.57 lakh for deductions claimed under Section 80JJAA
Disallowance of ₹31.76 lakh for purchases from non-filers of Income Tax returns
Net tax demand raised under Section 156 is ₹0 as adjustments reduce carried-forward losses
Company intends to file an appeal and contest potential penalty proceedings

💡 Investors should view this as a neutral event since there is no immediate cash outflow, though it reduces future tax shields. Monitor the progress of the appeal for any further impact on deferred tax assets.

View All DCMNVL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates primarily in the cotton industry with a growing specialty chemicals segment. Standalone revenue for FY 2024-25 was INR 1,066.19 Cr, a marginal decline of 2.1% from INR 1,088.93 Cr in the previous year. The specialty chemicals subsidiary, DCMNSCL, reported revenues of INR 6.70 Cr for the half-year ended September 30, 2025, as it scales up operations.

Geographic Revenue Split

DCM Nouvelle has a strong export presence, contributing significantly to its revenue. Key export markets include China, Bangladesh, Portugal, Mauritius, and Singapore. In Q2 FY 2023-24, these international markets supported a revenue of approximately INR 294 Cr.

Profitability Margins

The company achieved a strong recovery in profitability. Consolidated Net Profit for FY 2024-25 stood at INR 6.02 Cr, compared to a net loss of INR 4.09 Cr in FY 2023-24. Standalone Net Profit rose significantly to INR 22.67 Cr from INR 0.93 Cr, driven by cost optimization and better resource utilization.

EBITDA Margin

Consolidated EBITDA increased by 42.4% YoY, rising from INR 45.24 Cr in FY 2023-24 to INR 64.44 Cr in FY 2024-25. Standalone EBITDA grew by nearly 50% to INR 74.61 Cr, reflecting an improved operating margin of approximately 7% compared to 4.6% in the prior year.

Capital Expenditure

The company is investing in a new solar power plant expected to commence operations in November 2025 to reduce energy costs. Additionally, it is focusing on automation and upgradation of manufacturing facilities. No major debt-funded capital expenditure is planned for the medium term to maintain a healthy financial risk profile.

Credit Rating & Borrowing

CRISIL has reaffirmed ratings at 'CRISIL BBB/Stable/CRISIL A3+'. The financial risk profile is supported by an interest coverage ratio of 2.3 times in FY 2025, which is expected to improve to 2.8-3 times over the medium term.

⚙️ Operational Drivers

Raw Materials

Cotton is the primary raw material, accounting for the majority of input costs. The business is highly sensitive to fluctuations in raw material prices, which directly impacts the operating margin.

Import Sources

Not specifically disclosed in the available documents, though the company operates a textile unit in Hisar, Haryana, suggesting significant domestic sourcing.

Capacity Expansion

The company currently operates a cotton yarn manufacturing capacity of 158,000 spindles at its Hisar-based textile unit. Expansion is focused on the specialty chemicals segment through DCMNSCL, which is adding new products to its portfolio.

Raw Material Costs

Raw material costs are a critical driver; stable raw material prices in FY 2024 helped maintain operating margins at 4.6%. However, vulnerability to price volatility remains a key weakness that can squeeze margins during periods of high cotton prices.

Manufacturing Efficiency

Efficiency is being driven by the automation of manufacturing facilities and the strategic location of the Hisar plant, which benefits from proximity to cotton-growing belts.

📈 Strategic Growth

Expected Growth Rate

2.2-6.8%

Growth Strategy

Growth will be achieved through the scaling of the specialty chemicals subsidiary (DCMNSCL), which is positioned to become a hub for aliphatic and aromatic amines. The company is also focusing on cost optimization through a new solar power plant and automation to improve standalone textile margins.

Products & Services

Cotton yarn (various counts and qualities) and Specialty Chemicals, specifically Aliphatic and Aromatic Amines used in the global chemical industry.

Brand Portfolio

DCM Nouvelle.

New Products/Services

New specialty chemical products are being added during the year at the DCMNSCL subsidiary to drive higher-margin revenue streams.

Market Expansion

Targeting the global chemical industry through the production of amines and strengthening the existing textile export network in Europe and Asia.

🌍 External Factors

Industry Trends

The textile industry is seeing a shift toward sustainable energy (solar) and automation to combat rising labor and power costs. The specialty chemicals industry is growing at a rate that allows for diversification away from traditional textiles.

Competitive Landscape

Competes with other large-scale cotton yarn manufacturers in India and globally, particularly those with integrated value chains.

Competitive Moat

The company's moat is built on the promoter family's extensive experience (operating since 1989/1991) and established long-term relationships with international customers. This provides a stable business risk profile despite industry cyclicality.

Macro Economic Sensitivity

Highly sensitive to global economic cycles and international trade policies due to its heavy export reliance.

Consumer Behavior

Shift toward demand for specialty chemicals in global manufacturing is driving the company's investment in its subsidiary, DCMSCL.

Geopolitical Risks

Trade dynamics with China and Bangladesh are critical; any geopolitical tension or changes in import duties in these regions could disrupt the supply chain and revenue flow.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to textile industry standards and chemical manufacturing safety regulations. Compliance with SEBI Listing Regulations and the Companies Act 2013 is maintained for financial reporting.

Environmental Compliance

Investing in solar power plants to meet green energy goals and reduce the carbon footprint of manufacturing operations.

Taxation Policy Impact

The company received a government incentive of INR 21 Cr from the MP Government to be received over 7 years, with INR 3 Cr already received in April 2025.