DCW soars on planning to double CPVC capacity by adding another 10KT capacity
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DCW is currently trading at Rs. 53.20, up by 1.75 points or 3.40% from its previous closing of Rs. 51.45 on the BSE.
The scrip opened at Rs. 53.90 and has touched a high and low of Rs. 55.00 and Rs. 53.05 respectively. So far 354066 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 62.55 on 28-Oct-2022 and a 52 week low of Rs. 33.55 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 55.00 and Rs. 49.30 respectively. The current market cap of the company is Rs. 1574.65 crore.
The promoters holding in the company stood at 44.85%, while Institutions and Non-Institutions held 8.09% and 47.0% respectively.
DCW has planned to double its CPVC capacity by adding another 10KT capacity. The Company also plan to augment the capacity utilisation of its SIOP plant to 100% with some line balancing Capex to generate an additional 10KT of production per annum.
As per Company estimates, the CPVC project is expected to be commissioned in 2nd half of FY24 & SIOP de-bottlenecking to be completed by Q1 of FY24. However, the Company is making concerted efforts to try and fast track the projects. DCW is investing around Rs 125 crore on both of these two projects and anticipates a substantially boost to the profitability, given the high margin profile of these products.
DCW is a diversified manufacturer of basic chemicals, such as: Caustic Soda, Liquid Chlorine and Chlorine based products.
