DMCC Speciality Chemicals: 106-Year-Old Grandpa Just Had a Midlife Crisis (And It Might Work)
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🧠 At a Glance
India’s OG chemical company (born in 1919!) DMCC Speciality is having a reverse retirement moment. After decades of boring profits and mid-tier margins, it’s suddenly flexing ethanol, boron, and sulphur muscles — and even installing solar power. Revenues jumped to ₹431 Cr in FY25 and the profit finally showed up to the party with ₹22 Cr. But is this a blip or a full-blown second innings?
1. 🧬 WTF Do They Even Do?
DMCC Speciality Chemicals Ltd used to be your grandfather’s fertilizer company. Literally — it was India’s first producer of sulphuric acid and phosphate fertilizers. Today?
🎯 It’s a fully integrated specialty chemical player across:
Sulphur chemistry (Think: acid rain, but legal and profitable)
Boron chemistry (used in glass, semiconductors, and nuclear fusion — casual)
Ethanol derivatives (flavourings, pharma solvents, or your next party fuel)
And if that wasn’t niche enough, they’re also installing solar power to cut costs. Your neighbourhood RWA committee should take notes.
2. 💸 Financials: From Meh to Mmm
Let’s see if the old man still has it in him 👇
Year
Revenue (₹ Cr)
Net Profit (₹ Cr)
OPM %
ROCE %
ROE %
EPS (₹)
FY21
200
33
18%
19%
13.1%
13.06
FY22
326
21
12%
16%
8.6%
8.56
FY23
387
7
9%
7%
2.8%
2.75
FY24
328
12
11%
8%
4.6%
4.64
FY25
431
22
13%
15%
8.6%
8.64
📈 Verdict: Profit is rising, margins are recovering, and EPS
