DMCC Speciality Chemicals Ltd

Financial highlights

• FY2026 revenue from operations ₹581.58 crore.
• PAT ₹27.33 crore, up 26.95% YoY.
• EBITDA ₹64.33 crore, margin 11.04%.
• Interest cost ₹9.61 crore, down 8.48%.
• PAT growth aided by higher realisations and pass-through costs.

Operations & mix

• Bulk chemicals led revenue growth, buoyed by domestic demand.
• Sulphur prices rose due to Strait of Hormuz disruption.
• Dahej uses domestic sulphur; Roha faced end-year supply constraints.
• Speciality chemicals expanding outside Europe; growth in LATAM and Asia.
• Boron segment uneven; ore disruption in H1, restored in H2.
• Capacities: Dahej 18,000 MTPM; Roha 10,000 MTPM.
• Product mix: commodity 69%, speciality 31%.

Global footprint & capacity

• Export presence across 25 countries supporting diversified revenue.
• Capacity mix aligned to evolving markets; Roha and Dahej serve downstream platforms.
• 500+ employees supported by integrated energy and process tech.

Capital structure & liquidity

• Long-term borrowings ₹3,687.36 lakh; short-term ₹4,962.17 lakh.
• Total debt exposure ₹9,679.02 lakh; Debt-Equity 0.44x.
• Current ratio 1.37x; working capital higher due to price volatility.
• No major capex obligations; asset base positioned to scale.

Dividends & capital allocation

• Final dividend ₹2.50 per equity share for FY2025-26.
• Record date 21 Aug 2026; AGM 11 Sep 2026.
• Dividend payable within 30 days after AGM approval.
• Dividend Distribution Policy disclosed on company website.

Governance & board changes

• Board of eight directors; Patwardhan resigned Oct 17, 2025.
• Saloni Jhaveri appointed as Independent Director from Jan 10, 2026.
• Audit Committee: 4 members, 3 independent.
• Independent Directors meeting held on May 2, 2025.

Sustainability & ESG

• Solar energy project commissioned at Roha; renewables supply substantial energy.
• Both plants have Responsible Care certification.
• Zero Liquid Discharge (ZLD) targets planned.

Outlook & risks

• Outlook shaped by sulfur price trajectory and Middle East stability.
• Reopening Strait of Hormuz not expected to yield immediate relief.
• No order cancellations; focus on operational stability and working capital.
• Diversified portfolio and geographic footprint position growth recovery.

AGM details

• 105th AGM scheduled Sep 11, 2026 at 11:30 IST via VC/OAVM.

Notice and access

• Notice of AGM and annual report for FY2025-26 dispatched to members.
• Notice and annual report available on the company website.
• Web link provided to access the AGM notice.

Financial highlights

• Revenue from Operations: 25301 in Q1FY27.
• Total Income: 253.31 in Q1FY27.
• Total Operating Expense: 21888 in Q1FY27.
• EBITDA (Including OI): 3443; EBITDA margin 13.59%.
• Profit Before Taxes: 27.21; Profit After Taxes: 20.40.
• Inventory gains boosted quarterly profitability; gains may reverse as prices moderate.
• Working capital stretched; receivables and inventory balances grew materially; funded by short-term borrowings.
• Boron segment: demand, pricing and supply improved; quarterly targets met.
• Specialty chemicals exports offset weak Europe; Latin America, China, Japan driving diversification.
• Dahej and Roha facilities operated without interruption; cost increases fully passed through.
• Outlook: results not indicative of future; expect more sustainable performance after environment stabilises.

Operational and market developments

• Geographic diversification progress continues.

Dividend record date

• Record date for dividend: 21 August 2026.
• Dividend rate: 25% (Rs 2.5 per Rs 10 share).
• AGM date for dividend declaration: 11 September 2026.
• E-voting cut-off: 4 September 2026; period: Sep 8–10, 2026.
• Payment within 30 days after AGM, subject to TDS.
• Beneficial owners (electronic) as at 21 August 2026; physical on register as at 21 August 2026.
• Dividend payment is subject to shareholders' approval at AGM.

Financial highlights

• Standalone Q1 FY2026 revenue from operations: Rs 2,329.33 lakhs.
• Standalone Q1 FY2026 net profit for the period: Rs 2,040.52 lakhs.
• Auditors' review: unmodified opinion on standalone and consolidated results.
• Consolidated results include DMCC Europe GmbH subsidiary.

Audit notes

• One subsidiary's interim results not reviewed; revenue Rs 1.64 lakhs.
• Net loss after tax Rs (0.07) lakhs; OCI Rs (0.76) lakhs.

Meeting Details

• Board meeting on 10 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated Q1 FY2026 financial results with Limited Review Reports.

Other Notes

• Trading window closed until Aug 12, 2026; reopens Aug 13, 2026.