Fenesta margins to stabilize around 14%
Management expects Fenesta EBITDA margins to reach ~14% within 2 quarters as scale and backward integration benefits materialize.
DCMSHRIRAM / guidance tracker
Keep management guidance in view.
DCM Shriram · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
margins
ECH plant full commissioning by Q4 end
Balance capacity of the epichlorohydrin plant to be commissioned by end of Q4 FY26, with stabilization expected thereafter.
HSCL break-even within 12 months of acquisition
Hindustan Specialty Chemicals (acquired Aug 2025) expected to reach break-even or better within 12 months from acquisition.
Improved profitability from FY27 onward
Management expects cash profits to improve from FY27 as recent investments stabilize and contribute.
Capex of ~₹1,200 crore for FY27
Total capex for FY27 is expected to be around ₹1,200 crore, including approved projects for renewable power and epoxy resin expansion.
Epoxy business to achieve breakeven in FY27
The advanced materials vertical (epoxy) is expected to achieve breakeven in the current financial year, with improved margins from capacity expansion.
Renewable power project completion by Q1 FY28
The ₹217 crore renewable power project at Baruch is expected to be completed around Q1 FY28, increasing total power provision from 50.4 MW to 98.4 MW.
Epoxy resin capacity expansion by Q2 FY28
The ₹101 crore expansion of formulated resin capacity from 14,000 to 50,000 tonnes per annum is expected to be commissioned by Q2 FY28.