Slide 1: Investors' Presentation cover letter to stock exchanges
0 DCW LIMITED August 13, 2026 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051 Da
Slide 2: DCW Limited Earning Presentation Q1-FY27
DCW Limited Earning Presentation Q1-FY27 1
Slide 3: Snapshot
Snapshot BUSINESS 8+ 2 Pioneer Leading Largest and Unique Decades of State-of-the-Art In India Soda Ash, C-PVC, Manufacturer of Commercial scale Experience Integrated Synthetic Rutile & C-PVC and SIOP manufacturer of SIOP in Manufacturing Units SIOP in India the Asia OPERATIONS 15+ 1,800 Zero 58 MW
Slide 4: Business Overview
Business Overview Financial Highlights Historical Financial Overview 3
Slide 5: Company Overview
Company Overview Operating Revenue (INR Mn) and EBITDA Margins (%) • Incorporated in 1939, DCW Ltd. was established as Dhrangadhra Chemical Works at Dhrangadhra, 21,436 Gujarat as India’s first Soda Ash plant. 18,716 20,003 • Since then, DCW has pioneered and created a strong presence in the Chlor-A
Slide 6: Key Milestones
Key Milestones Growth in Basic Chemicals Expansion towards Specialty Chemicals Commissioned 20KT of CPVC capacity addition Setup one of the Entered into a Technical Commenced and energised Solar park Commissioning of first integrated License and Support production of under group captive for the Chlo
Slide 7: Marquee Customers
Marquee Customers Basic Chemicals Specialty SpecialtyChemicals Chemicals 6
Slide 8: Value Proposition
Value Proposition Significant Scale-up Opportunities Technology Tie-ups Diversified Application Base Niche & Diversified Product Mix Over 2,500- acre land bank available at Licensed technology from Arkema Catering to over 15 industries with Diversified product mix of Sahupuram facility provides easy
Slide 9: Capital Expenditure
Capital Expenditure • Total expansion in SIOP is planned for 15,000 MT (50% capacity enhancement) in phased manner with Phase I Capacity ramp up of 7,000 MT and Phase II growth of 8,000 MT to be undertraken post completion of phase I. Value added products in the pigment category will enter the marke
Slide 10: Financial Highlights
Business Overview Financial Highlights Historical Financial Overview 9
Slide 11: Key Financial and Operational Highlights
Key Financial and Operational Highlights Q1-FY27 Operational Highlights: • Revenue from Operations registered 14% year-on-year growth, driven by 38% growth in the Specialty Chemicals segment and 5% growth in Basic Chemicals. • Sequentially, revenue declined by 11% due to higher captive PVC consumpti
Slide 12: Quarterly Key Segmental Financial Performance
Quarterly Key Segmental Financial Performance Revenue (INR Mn) & EBITDA Margin (%) Basic Chemicals Specialty Chemicals Others 4,391 3,609 3,424 1,770 1,675 1,285 46 40 33.6% 29.1% 5.6% 25 22.9% 80.3% 2.0% 74.7% 61.7% -5.2% Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 11
Slide 13: Quarterly Operational Performance – Key Products
Quarterly Operational Performance – Key Products Capacity Utilization (%) C-PVC SIOP Caustic Soda PVC Soda Ash 122% 83% 85% 90% 88% 82% 85% 101% 105% 97% 100% 85% 95% 92% 91% Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q4-FY26 Q1-FY27 12
Slide 14: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q1-FY27 Q1-FY26 Y-o-Y Q4-FY26 Q-o-Q Operational Income 5,419 4,755 14.0% 6,091 (11.0)% Total Expenses 5,061 4,218 20.0% 5,445 (7.1)% EBITDA 358 537 (33.3)% 646 (44.6)% EBITDA Margins (%) 6.61% 11.29% (468) bps 10.61% (400) Bps Other I
Slide 15: Historical Financial Overview
Business Overview Financial Highlights Historical Financial Overview 14
Slide 16: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY24 FY25 FY26 Q1-FY27 Operational Income 18,716 20,003 21,436 5,419 Total Expenses 16,961 18,071 19,220 5,061 EBITDA 1,755 1,932 2,216 358 EBITDA Margins (%) 9.38% 9.66% 10.34% 6.61% Other Income 183 231 190 57 Depreciation 938 999 1,038 263 Interest
Slide 17: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY24 FY25 FY26 Particulars (INR Mn) FY24 FY25 FY26 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 13,005 12,608 12,824 Share Capital 590 590 590 Capital Work in progress 410 563 216 Other Equity 9,727 9,738 10,158 Rig
Slide 18: Financial Performance
Financial Performance Revenue From Operations (INR Mn) EBITDA (INR Mn) & EBITDA Margins % PAT (INR Mn) 21,436 2,216 482 20,003 18,716 1,932 1,755 345 301 5,419 157 358 9.38% 9.66% 10.34% 6.61% FY24 FY25 FY26 Q1-FY27 FY24 FY25 FY26 Q1-FY27 FY24 FY25 FY26 Q1-FY27 ROE & ROCE (%) Net Debt to EBITDA & Ne
Slide 19: Capital Market Data
Capital Market Data 1 Year Stock Performance (up to 30th June, 2026) 10% 0% -10% -20% -30% -40% -50% -60% Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 DCW Sensex Price Data (As on 30th June, 2026) INR Shareholding Pattern (As on 30th June, 2026) Face Value 2.00
Slide 20: Disclaimer
Disclaimer DCW Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current af
Slide 21: Thank You
THANK YOU 20