Sustained import competition from China
Despite China's VAT rebate withdrawal on PVC exports, global oversupply and low freight costs continue to pressure domestic realizations.
DCW / Q3-FY26 / risks
Keep the risk register visible.
DCW · Material risks, their source context, and severity in the latest available quarter.
Research layer active
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Material risks this quarter
high
Volatile VCM and PVC spreads
PVC price recovery may be offset by rising VCM costs, as VCM prices move in tandem with PVC, potentially limiting margin improvement.
Renewable energy policy uncertainty in Tamil Nadu
Unfavorable state policy and court cases have stalled further renewable capacity expansion, limiting cost savings from green power.
No clarity on anti-dumping duty petitions
ADD petitions for PVC and soda ash were not approved; no new petitions are in the pipeline, leaving the company exposed to dumping.