DMCC Speciality Chemicals Limited, incorporated in 1919 and headquartered in Mumbai, India, is one of the country's oldest chemical companies. Formerly known as 'Dharamsi Morarji Chemicals Company Limited', it officially changed its name to 'DMCC Speciality Chemicals Limited' on August 12, 2022. DMCC holds the distinction of being the first producer of Sulphuric Acid & Phosphate Fertilizers in India, establishing its pioneering role in the nation's chemical industry.
With a legacy spanning over a century, DMCC has transformed from a foundational producer of sulphuric acid and phosphate fertilisers into a fully integrated specialty chemicals player. The company's historical brand ("Ship") became synonymous with quality for Single Superphosphate (SSP), underscoring its commitment to excellence and market leadership.
DMCC operates as a fully integrated specialty chemical player with core competencies in Sulphur, Boron, and Ethanol chemistry. The company's operations are divided into two primary business segments:
- Bulk Chemicals (46% of revenues in FY22 vs 35% in FY21): This segment focuses on high-volume, lower-margin products. DMCC manufactures Sulphuric acid, Sulphuric anhydride, Oleum, and Chloro sulphonic acid, which are essential components in detergents, dyes, and fertilizers. This segment represents the company's established manufacturing base and contributes stable revenue.
- Speciality Chemicals (54% of revenues in FY22 vs 65% in FY21): These are value-added chemicals derived from strong process competencies and technical expertise in handling hazardous reactions, fetching higher profit margins. Products include Benzene sulphonic acid, Phenol sulphonic acid, Sodium benzene sulphonate, Menthyl lactate, and Thiophenol, among others. This segment highlights DMCC's advanced technical capabilities and its focus on high-value products.
DMCC's diverse product range finds applications across numerous industries, including agrochemicals, construction, cosmetics, detergents, dyes, electroplating, emulsions, fertilizers, fire retardants, inks, paper, pharmaceutical intermediates, pigments, polymers, textile processing, thermal paper coating, and water treatment.
DMCC's manufacturing capabilities for commodity and specialty chemicals are centred on sulphur and ethanol chemistry. Its primary production facilities are located in Roha (Maharashtra) and Dahej (Gujarat). The Dahej facility was integrated into DMCC through the amalgamation of Borax Morarji with the company in 2023, significantly expanding its manufacturing footprint and capabilities, especially in boron chemistry. The amalgamation of Borax Morarji Limited (BML) with DMCC, effective April 1, 2016, was a key step in enhancing its boron chemistry expertise and product portfolio.
- Full Year (FY2024-25):
- Net Profit: ₹21.53 crore, an increase of 85.76% compared to ₹11.59 crore in FY2023-24.
- Sales: ₹431.30 crore, a rise of 31.51% from ₹327.95 crore in FY2023-24.
- Q4 FY2024-25:
- Net Profit: ₹6.47 crore, up 12.13% from ₹5.77 crore in Q4 FY2023-24.
- Sales: ₹125.22 crore, a significant increase of 49.14% from ₹83.96 crore in Q4 FY2023-24.
- Q1 FY2024-25:
- Net Profit: ₹1.37 crore, a decline of 56.37% from ₹3.14 crore in Q1 FY2023-24.
- Sales: ₹85.32 crore, a slight decrease of 0.32% from ₹85.59 crore in Q1 FY2023-24.
_(Note: This indicates some quarterly performance volatility despite strong annual growth.)_
- Market Capitalization: ₹797 Crore (as of July 2025, down -3.56% in 1 year)
- Promoter Holding: 53.8% (Indicating strong promoter commitment)
- Stock P/E: 36.6
- Book Value: ₹91.1
- Dividend Yield: 0.31%
- ROCE: 14.6%
- ROE: 9.87% (as per recent data)
- Final Dividend Recommendation (May 5, 2025): ₹2.5 per equity share (25%)
- 52-Week Range: ₹453 / ₹241
- Last 6 Months: Share price decreased by 13.23%.
- Last 1 Year: Share price decreased by 19.37%.
_(Reflecting recent market challenges for the stock.)_
- Chairman: Laxmikumar Narottam Goculdas
- Managing Director: Bimal Lalitsingh Goculdas
_(These appointments signify experienced leadership guiding the company's strategy.)_
DMCC Speciality Chemicals Limited is an ISO 9001:2015 accredited organization, demonstrating its commitment to robust quality management systems.
DMCC has achieved sustainable performance with zero dependence on government policy, generating net foreign exchange earnings. The company exports its products to over 25 countries across 5 continents. DMCC prioritizes offering customized products and thoughtful solutions to its global clientele, showcasing its international market presence and customer-centric approach.
- July 16, 2025: The exchange sought clarification from DMCC Speciality Chemicals Ltd regarding movement in trading volume, indicating recent market activity and regulatory oversight.
- September 10, 2025: The Annual General Meeting (AGM) of the company is scheduled to be held on this date.
DMCC Speciality Chemicals Limited stands as a testament to India's industrial heritage, successfully transforming from a traditional chemical manufacturer into a modern, integrated specialty chemicals company with a global reach and promising sustainable growth prospects.
