DMCC Speciality Chemicals Ltd Share Price – NSE /  BSE

Chemicals, Small Cap

Net profit of DMCC Speciality Chemicals rose 145.15% to Rs 5.81 crore in the quarter ended September 2024 as against Rs 2.37 crore during the previous quarter ended September 2023. Sales rose 34.25% to Rs 102.73 crore in the quarter ended September 2024 as against Rs 76.52 crore during the previous quarter ended September 2023.

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DMCC Speciality Chemicals will hold a meeting of the Board of Directors of the Company on 28 October 2024.

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CRISIL Ratings stated that the ratings continue to reflect DMCC's established market position in the chemical industry and an above-average financial risk profile.

These strengths are partially offset by exposure to volatile end products and raw material prices and regulatory risks.

The credit rating agency stated that the a sizable increase in scale of operations while maintaining operating margin above 15% leading to higher cash accrual and sustenance of comfortable financial risk profile with prudent working capital management are factors that could lead to a rating upgrade.

However, there could be a possible rating downgrade if there is a decline in revenue and operating margin remaining below 10% leading to lower cash accrual or large capex or stretched working capital cycle would lead to weakening of the financial risk profile.

DMCC primarily manufactures commodity and specialty chemicals from sulphur and ethanol chemistry, with plants in Roha (Maharashtra) and Dahej (Gujarat).

The company's consolidated net profit declined 56.37% to Rs 1.37 crore as sales remained almost flat at Rs 85.32 crore in Q1 FY25 over Q1 FY24.

The scrip shed 0.70% to currently trade at Rs 283.95 on the BSE.

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Net profit of DMCC Speciality Chemicals declined 56.37% to Rs 1.37 crore in the quarter ended June 2024 as against Rs 3.14 crore during the previous quarter ended June 2023. Sales declined 0.32% to Rs 85.32 crore in the quarter ended June 2024 as against Rs 85.59 crore during the previous quarter ended June 2023.

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