DMCC SPECIALITY CHEMICALS LIMITED (DMCC)
₹317.50 -0.25% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, DMCC SPECIALITY's revenue was ₹253 Cr (+99.1% year on year, +42.4% on the previous quarter), and net profit ₹20.4 Cr (+163.1% year on year); the operating margin was 13.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹253 | +99.1% | +42.4% |
| Operating profit | ₹34.1 | +102.2% | +92.8% |
| Net profit | ₹20.4 | +163.1% | +166.2% |
| EPS (₹) | 8.18 | +163.0% | +166.4% |
| Operating margin | 13.5% | — | — |
DMCC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 37.89% of the DMCC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 45.61%. That is close to its usual level. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 31.5% · 32.9% · 53.7% · 46.8% · 37.9%
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
DMCC Speciality Chemicals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms that security certificates received for dematerialisation were processed, confirmed or rejected, and cancelled within prescribed timelines. The filing is standard procedural compliance and carries no business or operational changes.
- Regulation 74(5) certificate submitted for the quarter ended September 30, 2026
- Issued by Share Transfer Agent MUFG Intime India Private Limited dated October 03, 2026
- Confirms dematerialised shares were duly processed and listed on stock exchanges where existing shares are listed
DMCC Speciality Chemicals Limited concluded its 105th Annual General Meeting (AGM) on September 11, 2026, conducted via video conferencing with 57 shareholders attending. Key items transacted included the adoption of FY26 financial statements, declaration of a final dividend, and special resolutions to enhance borrowing limits and create security over company properties. The statutory and secretarial audit reports for FY26 were noted to have no qualifications or adverse remarks.
- 105th AGM concluded on September 11, 2026, with 57 shareholders present
- Special resolutions presented for enhancement of borrowing limits and asset hypothecation
- Final dividend for FY26 transacted under ordinary business
- Statutory and secretarial audit reports were clean with zero qualifications
DMCC Speciality Chemicals Limited concluded its 105th Annual General Meeting on September 11, 2026. A total of 57 shareholders attended the meeting via video conferencing. The business transacted included adoption of FY26 financial statements, declaration of a final dividend, and special resolutions to approve enhancement of borrowing limits and creation of mortgages/charges on company assets. Scrutinizer voting results are awaited to confirm passing of all resolutions.
- 105th Annual General Meeting held on September 11, 2026, with 57 shareholders present
- Special resolutions tabled for enhancement of borrowing limits and creation of charges on properties
- Adoption of FY26 financial statements and approval of final dividend for FY26 placed for voting
- E-voting concluded following a 15-minute window post the 12:45 p.m. meeting conclusion
DMCC Speciality Chemicals Limited has issued a corrigendum regarding an inadvertent typographical error in its FY25-26 Annual Report ahead of its 105th AGM on September 11, 2026. On page 21 under 'Key R & D Highlights', the R&D investment figure was erroneously stated as ₹182.81 Crore instead of ₹182.81 Lakh. The company confirmed that this error is limited to the non-statutory section and has zero impact on the audited financial statements for FY26.
- R&D investment figure corrected from ₹182.81 Crore to ₹182.81 Lakh in the non-statutory section
- Correction pertains to page 21 under 'Key R & D Highlights' of the FY25-26 Annual Report
- Company confirmed no impact on audited financial statements for the year ended March 31, 2026
- 105th Annual General Meeting scheduled for September 11, 2026, at 11:30 AM IST
DMCC Speciality Chemicals has issued the notice for its 105th Annual General Meeting (AGM) along with the Annual Report for FY2025-26. The meeting is scheduled to be held virtually on Friday, September 11, 2026, at 11:30 AM IST via Video Conferencing/OAVM. The company reported FY26 annual revenue of Rs 581.52 Cr and net profit of Rs 27.33 Cr. This announcement is a routine compliance filing under SEBI LODR Regulation 30.
- 105th Annual General Meeting scheduled for September 11, 2026, at 11:30 AM IST
- Meeting to be conducted via Video Conferencing (VC) / Other Audio - Visual Means (OAVM)
- Annual Report and Notice for FY2025-26 dispatched to registered shareholders electronically
- Company reported full-year FY26 revenue of Rs 581.52 Cr and net profit of Rs 27.33 Cr
DMCC reported a sharp 99% YoY revenue growth to Rs 253.01 Cr for Q1FY27, with PAT jumping 163% to Rs 20.40 Cr. Management has explicitly cautioned that these results are 'optically strong' due to significant inventory gains from rising sulphur prices and are not structurally sustainable. The pricing environment has stretched working capital, leading to higher receivables, inventory balances, and a 72% YoY increase in interest costs from short-term borrowings. Despite global supply disruptions in the Strait of Hormuz, the company maintained full operational continuity at its Dahej and Roha plants.
- Revenue from operations grew 99.15% YoY to Rs 253.01 Cr, representing ~43.5% of TTM revenue in a single quarter.
- Profit After Tax (PAT) increased by 163.11% YoY to Rs 20.40 Cr compared to Rs 7.75 Cr in Q1FY26.
- EBITDA margins stood at 13.59%, an improvement of 355 bps over the immediate previous quarter (Q4FY26).
- Interest costs rose 72.30% YoY to Rs 3.49 Cr, reflecting increased reliance on short-term debt to fund working capital.
- Exports to Latin America, China, and Japan are successfully compensating for a subdued European market.
DM C C S p e c i a l i t y C h e m i c a l s h a s f i x e d A u g u s t 2 1, 2 0 2 6, a s t h e r e c o r d d a t e f o r i t s r e c o m m e n d e d f i n a l d i v i d e n d o f R s 2.5 p e r e q u i t y s h a r e (2 5% o f f a c e v a l u e). T h e d i v i d e n d i s s u b j e c t t o s h a r e h o l d e r a p p r o v a l a t t h e u p c o m i n g A G M o n S e p t e m b e r 1 1, 2 0 2 6. B a s e d o n t h e c u r r e n t p r i c e o f R s 2 8 8, t h i s r e p r e s e n t s a d i v i d e n d y i e l d o f a p p r o x i m a t e l y 0.8 7%. T h e c o m p a n y r e p o r t e d a T T M P A T o f R s 2 7 c r o r e f o r F Y 2 6.
- Divid e n d r e c o m m e n d e d a t 2 5% o r R s 2.5 p e r e q u i t y s h a r e o f R s 1 0 f a c e v a l u e
- Recor d d a t e f o r d e t e r m i n i n g e l i g i b i l i t y i s s e t f o r F r i d a y, A u g u s t 2 1, 2 0 2 6
- Annual G e n e r a l M e e t i n g (A G M) t o b e h e l d o n S e p t e m b e r 1 1, 2 0 2 6
- E-voting p e r i o d s c h e d u l e d f r o m S e p t e m b e r 8 t o S e p t e m b e r 1 0, 2 0 2 6
- Payme n t w i l l b e m a d e w i t h i n 3 0 d a y s o f A G M a p p r o v a l
DMCC Speciality Chemicals reported a robust performance for Q1 FY27, with consolidated revenue surging 99% YoY to Rs 253.01 Cr from Rs 127.04 Cr. Net profit for the quarter jumped 163% YoY to Rs 20.40 Cr, compared to Rs 7.76 Cr in the year-ago period. The quarterly EPS of Rs 8.18 is a significant improvement over the Rs 3.11 reported in Q1 FY26 and represents a substantial portion of the total FY26 EPS (Rs 10.96). This growth indicates a successful scale-up of operations, although raw material costs have also risen to Rs 196.99 Cr.
- Consolidated revenue increased by 99.1% YoY to Rs 253.01 Cr.
- Net profit surged by 162.9% YoY to Rs 20.40 Cr.
- Quarterly EPS reached Rs 8.18, compared to Rs 3.11 in the same quarter last year.
- Raw material consumption costs rose to Rs 196.99 Cr, accounting for 77.8% of total revenue.
- Total expenses for the quarter stood at Rs 226.10 Cr, up from Rs 116.39 Cr YoY.
DMCC Speciality Chemicals Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that securities received for dematerialization were processed and listed on the stock exchanges. This is a standard administrative filing required to ensure the integrity of the shareholding records. There are no financial or operational implications for the company.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation provided by RTA MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.)
- Securities received for dematerialization were confirmed/rejected within prescribed timelines
- Security certificates were mutilated and cancelled after due verification by the depository participant
DMCC Speciality Chemicals has submitted an annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. The promoter group, which holds a 53.84% stake in the company, confirmed that no shares were encumbered or pledged during the financial year. This is a routine compliance filing that provides transparency regarding the promoters' shareholding status and confirms the absence of pledge-related risks.
- Formal declaration of zero share pledges by the promoter group for the financial year
- Promoter holding remains stable at 53.84% as of the latest March 2026 filing
- Disclosure covers 10 specific entities and individuals within the promoter group
- Company maintains a manageable Debt-to-Equity ratio of 0.35
DMCC Speciality Chemicals Limited has responded to a clarification sought by the National Stock Exchange regarding a recent significant increase in trading volume. The company stated that it is in full compliance with SEBI (LODR) Regulations and has no undisclosed price-sensitive information or impending corporate actions. Management clarified that the volume movement is purely market-driven and beyond the company's control. This routine disclosure confirms that there are no hidden internal developments driving the recent market activity.
- Response to NSE clarification request letter NSE/CM/Surveillance/17175 dated June 25, 2026.
- Company confirms no undisclosed price-sensitive information exists as of June 26, 2026.
- Management attributes recent volume spurt to external market conditions rather than internal events.
- Reaffirmed commitment to timely disclosures under SEBI (LODR) Regulations, 2015.
DMCC Speciality Chemicals Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the Board Meeting where the unaudited standalone and consolidated results are approved. The specific date for the Board Meeting will be communicated to the exchanges separately.
- Trading window for designated persons and relatives to close from July 1, 2026.
- Closure is in anticipation of the Unaudited Financial Results for the quarter ending June 30, 2026.
- The window will reopen 48 hours after the official declaration of the financial results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and company code of conduct.
Bimal Lalitsingh Goculdas, representing the promoter group of DMCC Speciality Chemicals Limited, has submitted the annual disclosure required under Regulation 31(4) of SEBI (SAST) Regulations. The declaration confirms that the promoters and Persons Acting in Concert (PAC) have not created any encumbrances on their shareholding, directly or indirectly, during the financial year. This filing includes major entities such as Phoenix Distributors Pvt Ltd and Kosan Industries Private Limited, ensuring transparency regarding the pledge status of promoter shares.
- Annual disclosure submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Declaration confirms no new pledges or encumbrances were made by the promoter group during the period.
- Covers 10 distinct promoter and PAC entities including Laxmikumar Narottam Goculdas and Bimal Lalitsingh Goculdas.
- Includes corporate promoter entities like Phoenix Distributors Pvt Ltd and The Natural Gas Co Pvt Ltd.
DMCC Speciality Chemicals has been ordered to pay ₹1.06 crore in inadmissible Input Tax Credit (ITC) following a GST appeal. The Additional Commissioner (Appeals Raigad) reversed a previous favorable ruling regarding Works Contract Services. The company is now liable for the principal amount plus interest and penalties. DMCC management plans to contest the order in a higher forum and believes there is no material financial impact.
- Demand of ₹1,05,98,933 held inadmissible under Section 17(5)(c) of the CGST Act.
- Order reverses a previous decision from December 2023 that had dropped the demand.
- Recovery includes the principal amount along with applicable interest and penalties.
- DMCC intends to file an appeal against the order, asserting the demand is not maintainable.
DMCC Speciality Chemicals Limited has officially released the audio recording of its Q4FY26 earnings conference call held on May 19, 2026. The session provided a platform for management to discuss the company's financial performance and strategic direction for the fiscal year ending 2026. This filing ensures transparency and provides all stakeholders access to the detailed discussions held with analysts. Investors can use this resource to better understand the company's operational hurdles and growth drivers.
- Audio recording of the Q4FY26 earnings call is now available for public review.
- The call took place on May 19, 2026, following the announcement of quarterly results.
- Complies with SEBI Regulation 30 regarding disclosure of institutional investor meets.
- The recording link is hosted on the official company website for investor access.
Financial Performance
Revenue Growth by Segment
Revenue grew 26% YoY in 9MFY25 to INR 306 Cr. In FY23, bulk chemicals grew 18% and contributed 47-48% of total sales (INR 184.6 Cr), while specialty chemicals contributed the remaining 52-53%.
Geographic Revenue Split
The company serves both domestic and overseas markets across various geographies, though the specific percentage split between regions is not disclosed in available documents.
Profitability Margins
PAT margins were 3.51% in FY24 (INR 11.59 Cr), up from 1.80% in FY23 (INR 6.93 Cr), but down from 6.55% in FY22 (INR 21.36 Cr). Operating margins have been volatile, ranging from 8.8% to 23.6% over the last five years.
EBITDA Margin
EBITDA margin was 13.69% in 9MFY25, an improvement from 10.60% in Q1FY25 and 8.8% in FY23. The company expects to maintain operating margins between 13% and 14% over the medium term.
Capital Expenditure
The company has no major debt-funded capex plans over the medium term, as recent 'enhanced capacities' are already expected to support business profile growth.
Credit Rating & Borrowing
CRISIL Ratings maintains a 'Stable' outlook. Bank loan facilities were recently enhanced from INR 105 Cr to INR 125 Cr, with bank limit utilization low at approximately 39% to 49.38% in 2024.
Operational Drivers
Raw Materials
Major raw materials include sulfur, benzene, ethanol, and boron, which collectively account for 60-65% of total sales costs.
Capacity Expansion
Current capacity is described as 'enhanced' following previous expansions; no specific MTPA figures or new planned expansion timelines are provided for the medium term.
Raw Material Costs
Raw material costs represent 60-65% of revenue. Profitability is highly susceptible to price fluctuations in these inputs, with a limited ability to pass on costs in the bulk chemical segment (48% of sales).
Manufacturing Efficiency
Manufacturing efficiency is supported by three decades of promoter experience and plants located in Roha (Maharashtra) and Dahej (Gujarat).
Strategic Growth
Expected Growth Rate
21-24%
Growth Strategy
Growth will be achieved by utilizing recently enhanced capacities, focusing on higher-margin specialty chemicals (8 key products), and leveraging established market positions in sulfur and ethanol chemistry to reach an estimated FY25 revenue of INR 400-410 Cr.
Products & Services
Sulphuric acid, specialty and commodity chemicals based on sulphur, ethanol, and boron chemistries.
Brand Portfolio
Ship brand (formerly used for phosphate fertilizers).
New Products/Services
The company recently achieved higher realizations from Boron products, contributing to a 13.69% EBITDA in 9MFY25.
Market Expansion
The company is expanding its presence in domestic and overseas markets through its established relations with reputed clients across geographies.
Strategic Alliances
Borax Morarji Ltd was amalgamated with DMCC effective April 01, 2016, to consolidate the chemical business.
External Factors
Industry Trends
The industry is shifting toward specialty chemicals to stabilize margins; DMCC is positioning itself with 8 specialty products to counter the volatility of its 4 bulk chemical products, aiming for a 13-14% operating margin.
Competitive Landscape
High competition exists in the commodity/bulk chemical segments, while specialty segments offer more protected margins.
Competitive Moat
The moat is based on a 100+ year history (incorporated 1919), status as a pioneer in sulphuric acid, and a diversified portfolio that allays sectoral concentration risks.
Macro Economic Sensitivity
Highly sensitive to global commodity price cycles, particularly sulfur and benzene, which impact 60-65% of the cost structure.
Geopolitical Risks
Exposure to overseas markets makes the company sensitive to international trade dynamics, though specific trade barrier impacts are not detailed.
Regulatory & Governance
Industry Regulations
Operations are subject to environmental and safety regulations regarding hazardous chemical handling at the Roha and Dahej plants.
Environmental Compliance
The company faces regulatory risks due to the hazardous nature of manufacturing chemicals from sulfur and ethanol chemistry.
Legal Contingencies
The company reported no non-compliance or penalties from capital market regulators (BSE/NSE) over the last three years.
Risk Analysis
Key Uncertainties
Key risks include raw material price volatility (60-65% of sales) and potential regulatory changes affecting hazardous chemical manufacturing.
Geographic Concentration Risk
The company operates two main plants in Maharashtra and Gujarat, providing some domestic geographic diversification.
Third Party Dependencies
High dependency on third-party suppliers for sulfur, benzene, and boron, which represent the bulk of manufacturing costs.
Credit & Counterparty Risk
Receivables quality is supported by strong relations with reputed clients across geographies.
