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DMCC Speciality Chemicals Limited (DMCC) Fair Value & Analysis

Basic Materials · IN · Market cap ₹6.4B

DS DMCC Speciality Chemicals Limited DMCC · NSE
Price₹299.30
Fair Value₹185.84
Upside-37.9%
Quality55/100
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Mixed Growth
Thin margins · 4.7% net margin
Low debt · negative free cash flow
1.00% dividend yield
Mixed vs. peers (7/13)
Moderate moat 46/100
Evidence: High Range ₹103.49 – ₹232.85 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹186.28 to ₹185.84 (−0.2%) since Jun 29, 2026. Share price +13.7% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹232.85). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹103.49 to ₹232.85) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹448.94 ₹197.56 Fair Value ₹185.84 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

56‑month range ₹197.56 – ₹448.94 · fair‑value band ₹103.49 – ₹232.85 · the ₹299.30 price screens above the ₹185.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

DMCC Speciality Chemicals Limited (DMCC) currently trades at ₹299.30, while our model-based Fair Value estimate is ₹185.84, implying the stock looks roughly 37.9% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, DMCC Speciality Chemicals Limited generated revenue of ₹5.8B at a net margin of 4.7%. Revenue declined 46.7% year over year. It earns a return on equity of 11.5%. Net debt stands at ₹823M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹103.49 (bear case) to ₹232.85 (bull case); at ₹299.30, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -38%, DMCC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹88.33 ₹99.59 ₹178.93 76
ROIC Compounder ₹130.25 ₹191.63 ₹243.17 72
Gordon GGM ₹21.96 ₹43.75 ₹66.25 70
All 17 models by family
DCF Models
Owner Earnings ₹192.25 ₹405.21 ₹807.14 31
Earnings-Based
Graham-Dodd ₹74.51 ₹454.50 ₹633.97 54
Lynch FV ₹130.09 ₹185.84 ₹241.60 50
PEG = 1.0 ₹130.09 ₹185.84 ₹241.60 46
EPV ₹117.80 ₹138.46 ₹156.29 59
Dividend Discount
Gordon GGM ₹21.96 ₹43.75 ₹66.25 70
DDM Multi-Stage ₹21.96 ₹37.81 ₹46.18 61
Multiples
P/E Multiple ₹139.71 ₹186.28 ₹232.85 63
P/S Multiple ₹139.71 ₹186.28 ₹232.85 58
P/B Multiple ₹139.71 ₹186.28 ₹232.85 55
EV/EBIT ₹187.06 ₹253.78 ₹320.49 53
EV/EBITDA ₹177.26 ₹240.70 ₹304.15 54
EV/Revenue ₹160.38 ₹234.72 ₹309.06 43
Asset-Based
NCAV (Graham) ₹49.76 ₹66.67 ₹99.51 50
Economic Profit
Residual Income ₹88.33 ₹99.59 ₹178.93 76
ROIC Compounder ₹130.25 ₹191.63 ₹243.17 72
Growth Earnings
Growth-Adj P/E ₹171.32 ₹244.75 ₹318.17 68

Widest divergence: DCF Models (₹405.21) versus Dividend Discount (₹37.81). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹5.8B
Revenue growth (YoY) -46.7%
Net margin 4.7%
Return on equity 11.5%
Free cash flow −₹330M FY2026
P/E ratio 23.6
More key figures
Operating margin 16.0%
EPS (TTM) ₹10.95
Dividend yield 1.0%
EPS growth (YoY) -8.5%
Net debt ₹823M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 51 · Market factors (momentum, volatility) 48

Profitability 52
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

DMCC Speciality Chemicals Limited manufactures and sells specialty and commodity chemicals in India and internationally. The company offers base, boron, functional, and life science chemicals.

Full company description

DMCC Speciality Chemicals Limited manufactures and sells specialty and commodity chemicals in India and internationally. The company offers base, boron, functional, and life science chemicals. Its products are used in agrochemicals, construction chemicals, cosmetics, detergents, dyes, electroplating, emulsions, fertilizers, fire retardants, ink, paper, pharmaceutical intermediates, pigments, polymers, textile processing, thermal paper coating, and water treatment. The company was formerly known as The Dharamsi Morarji Chemical Company Limited and changed its name to DMCC Speciality Chemicals Limited in October 2022. DMCC Speciality Chemicals Limited was incorporated in 1919 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

DMCC Speciality Chemicals Limited reported revenue of ₹5.8B in FY2026 versus ₹3.3B in FY2022, a compound +15.6%/yr. Reported net income was ₹273M in FY2026, compounding +6.4%/yr from FY2022.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹5.8B
Latest YoY
+34.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.3%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.5%
Revenue +15.6%/yr
FY22 ₹3.3B
FY23 ₹3.8B
FY24 ₹3.3B
FY25 ₹4.3B
FY26 ₹5.8B
Net income +6.4%/yr
FY22 ₹213M
FY23 ₹69.3M
FY24 ₹116M
FY25 ₹215M
FY26 ₹273M
Character of growth · EPS growth decomposed (2015-2026) +2.3 % p.a.
Revenue per share +12.4 pp

of which total revenue +14.0 pp · buybacks/dilution −1.7 pp

EBIT margin +0.2 pp
Tax rate −1.7 pp
Residual (interest, one-offs) −8.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

DMCC screens 38% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "DMCC Speciality Chemicals Limited Fair Value". https://www.fairvalue-calculator.com/stock/DMCC

Peer Group

Chemicals · 341 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside −38% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth -47% · Bottom 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 23.6× · Cheaper than median
P/B 2.59× · Pricier than median
P/S (TTM) 1.11× · Cheaper than median
EV/EBITDA 10.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 21
PAST 46 · sector 19
HEALTH 93 · sector 94
DIVIDEND 20 · sector 27

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is DMCC Speciality Chemicals Limited (DMCC) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹185.84 versus a price of ₹299.30, about −38% (overvalued).
What is the fair value of DMCC?
Our model-based fair value for DMCC Speciality Chemicals Limited is ₹185.84 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹299.30.
What is the quality score of DMCC?
DMCC Speciality Chemicals Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of DMCC Speciality Chemicals Limited (DMCC)?
DMCC Speciality Chemicals Limited reported trailing-twelve-month revenue of about ₹5.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of DMCC?
The net profit margin of DMCC Speciality Chemicals Limited is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does DMCC Speciality Chemicals Limited pay a dividend?
DMCC Speciality Chemicals Limited currently shows a dividend yield of about 1.00% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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