DCW Management Guidance Tracker

The 10,000-ton CPVC expansion is on schedule and expected to be completed next month, increasing total annual CPVC capacity to 50,000 tons.

The final 10,000 tons of CPVC capacity commissioned in March will contribute annualized benefits from Q1 FY27.

Management guided that legacy long-term borrowings will reduce to approximately ₹80 crore by the end of FY27, down from ~₹225 crore at FY26 close.

With debt reduction, annual interest cost is expected to decline from ~₹45 crore to ~₹25 crore in FY27.

With scheduled debt repayment of 130 crores and current net debt of 71 crores, the company expects to become net cash positive.

Management expects Q4 to be stronger supported by higher dispatches of pigments and synthetic iron oxide.

Management indicated that 300 crores EBITDA for FY27 is reasonable, though pricing volatility makes precise guidance difficult.

Interest cost expected to drop from 62 crores to around 50 crores, assuming stable working capital requirements.