This 76 year old company, formerly Dhrangadhra Chemical Works Ltd, makes chemicals -  soda ash, Sodium Bicarbonate & Ammonium Bicarbonate, Caustic Soda, Liquid Chlorine, Hydrochloric Acid,  Beneficiated ilmenite,  Trichloroethylene,  Yellow Iron Oxide, Ferric Chloride,  Utox & PVC.

The market was thrilled with the company’s performance for Q4FY15 but overall, it seemed stable, nothing spectacular. It posted a 2% (YoY) rise in net sales at Rs.364 crore. EBITDA was status quo at Rs.30 crore and margins dropped marginally from 8.4% to 8.22%. The company had an exceptional income of Rs.4 crore which on sale of investment. It ended the quarter with a net profit of Rs.18 crore, up two times. But it ended FY15 with a loss of Rs.6 crore v/s net profit of Rs.38 crore.

The caustic soda plant, its mainfray posted loss at EBIT level while soda ash showed a drop in EBIT margin from 26.54% to 24% and PVC also showed a drop in EBIT margin to 4.61% from 5.25%. The company’s debt as at 31st March 2015 stands at Rs.680 crore, up 13%.