Caustic Soda Pricing Stability
Current ECU prices in range of just below ₹30,000 expected to remain in this range or higher for near term.
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.
revenue
Chlorine Integration Target
85% of chlorine captive consumption and tied-up through pipelines/partnerships once current projects commission.
Grain Ethanol Optimization
Can optimize grain-based ethanol up to 260 kiloliters per day based on margin dynamics, though no capacity expansion planned.
Demerger Timeline
Objective is to make the application to government for demerger in this financial year, though difficult to give exact timeframe.
Fenesta margins to stabilize around 14%
Management expects Fenesta EBITDA margins to reach ~14% within 2 quarters as scale and backward integration benefits materialize.
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.