DOL Descon Oxychem Limited

Descon Oxychem Limited (DOL) financial ratios

Descon Oxychem Limited earned a net margin of 7.7% in FY2026 against a five-year average of 12.6% (Chemical median 4.7%). Return on equity was 12.2%, compared with a sector median of 12.2%. The current ratio stood at 1.60× and debt was 25.3% of equity. Cash took about 78 days to cycle through receivables, inventory and payables.

FY2026 vs the Chemical median

Gross margin: 19.2%; Sector median 18.7%
Operating margin: 8.5%; Sector median 11.8%
Net margin: 7.7%; Sector median 4.7%
Return on equity (ROE): 12.2%; Sector median 12.2%
Return on assets (ROA): 8.3%; Sector median 7.1%
Current ratio: 1.60×; Sector median 1.46×
Debt to equity: 25.3%; Sector median 45.9%
Asset turnover: 1.08×; Sector median 1.05×
Dividend payout ratio: 177.9%; Sector median 19.3%

Median of the 25 companies in the sector with the figure for their latest fiscal year.

DOL financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 * Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 * Jul 2009 – Jun 2010	FY2009 * Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Profitability
Gross margin	19.2%	29.7%	20.1%	41.0%	25.9%	21.9%	32.6%	30.7%	29.5%	25.8%	21.7%	19.0%	20.0%	20.8%	20.2%	37.7%	3.7%	(19.2%)	—	—
EBITDA margin	15.2%	26.7%	20.2%	38.9%	28.6%	26.7%	32.7%	31.0%	30.3%	26.7%	24.1%	21.2%	23.6%	27.3%	27.7%	42.3%	17.8%	(11.5%)	—	—
Operating margin	8.5%	20.3%	13.0%	33.0%	20.3%	15.5%	25.3%	24.4%	22.0%	17.3%	13.3%	9.4%	11.8%	14.3%	12.7%	29.9%	(7.0%)	(42.6%)	—	—
Pre-tax margin	8.5%	21.6%	14.4%	32.5%	18.9%	13.8%	22.3%	21.4%	21.7%	17.0%	8.5%	(5.7%)	(3.2%)	(3.4%)	(14.0%)	5.9%	(47.4%)	(92.9%)	—	—
Net margin	7.7%	14.3%	8.8%	20.8%	11.1%	9.9%	15.8%	14.6%	15.4%	10.4%	2.8%	(8.4%)	(4.1%)	(3.7%)	(10.6%)	12.6%	(37.4%)	(49.4%)	—	—
Effective tax rate	8.9%	33.5%	38.5%	36.0%	41.3%	28.2%	28.9%	31.8%	29.0%	38.6%	66.3%	—	—	—	—	(112.9%)	—	—	—	—
Returns
Return on equity (ROE)	12.2%	26.1%	16.2%	51.7%	21.3%	13.9%	30.8%	54.0%	49.8%	39.8%	11.4%	(27.2%)	(11.6%)	(8.8%)	(18.7%)	27.9%	(37.9%)	(12.4%)	(2.1%)	—
Return on assets (ROA)	8.3%	19.5%	11.0%	31.3%	12.1%	8.3%	16.5%	18.4%	15.3%	8.7%	1.7%	(4.5%)	(2.2%)	(1.7%)	(4.0%)	5.6%	(8.6%)	(3.9%)	(1.0%)	—
Return on invested capital (ROIC)	12.0%	24.9%	15.5%	46.6%	16.7%	11.8%	23.6%	25.1%	18.3%	11.4%	3.6%	—	—	—	—	30.6%	—	—	—	—
Liquidity
Current ratio	1.60×	2.28×	3.35×	1.61×	1.34×	2.22×	1.61×	1.58×	2.22×	1.21×	0.77×	1.61×	2.20×	1.41×	0.93×	1.31×	0.55×	0.44×	2.60×	0.06×
Quick ratio	0.79×	1.21×	1.52×	0.80×	0.57×	1.43×	0.53×	0.80×	1.32×	0.64×	0.51×	0.84×	1.08×	0.87×	0.52×	0.69×	0.29×	0.19×	2.43×	0.05×
Leverage
Debt to equity	25.3%	6.1%	3.6%	8.5%	15.5%	57.6%	15.2%	127.9%	0.0%	2.5%	26.9%	442.7%	349.8%	359.1%	366.3%	315.7%	415.8%	204.8%	140.4%	13.7%
Debt to capital	20.2%	5.8%	3.5%	7.9%	13.4%	36.6%	13.2%	56.1%	0.0%	2.4%	21.2%	81.6%	77.8%	78.2%	78.6%	75.9%	80.6%	67.2%	58.4%	12.0%
Debt to assets	16.3%	4.4%	2.8%	5.2%	9.4%	30.5%	10.4%	44.6%	0.0%	2.0%	16.0%	63.0%	65.2%	68.8%	72.7%	71.2%	74.0%	56.3%	55.6%	11.7%
Assets to equity	1.47×	1.34×	1.46×	1.65×	1.76×	1.68×	1.87×	1.68×	1.20×	1.46×	2.75×	6.08×	5.29×	5.12×	4.71×	4.94×	4.42×	3.14×	2.14×	—
Efficiency
Asset turnover	1.08×	1.36×	1.25×	1.50×	1.09×	0.83×	1.04×	1.26×	0.99×	0.83×	0.61×	0.53×	0.54×	0.46×	0.38×	0.45×	0.23×	0.08×	0.00×	—
Receivable days days	20	15	15	13	25	33	38	25	9	16	29	36	36	35	33	21	16	15	—	—
Inventory days days	108	101	100	98	75	85	89	58	61	62	80	88	73	80	103	98	100	162	—	—
Payable days days	49	62	38	38	39	37	43	39	52	47	48	44	38	34	29	37	126	326	—	—
Cash conversion cycle days	78	54	77	74	61	80	84	44	18	31	61	81	72	80	106	82	(10)	(149)	—	—
Dividends
Dividend payout ratio	177.9%	81.4%	69.0%	10.8%	32.0%	54.1%	0.0%	56.9%	76.0%	0.0%	0.0%	—	—	—	—	0.0%	—	—	—	—
Earnings retention rate	(0.78×)	0.19×	0.31×	0.89×	0.68×	0.46×	1.00×	0.43×	0.24×	1.00×	1.00×	—	—	—	—	1.00×	—	—	—	—

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

DOL: frequently asked questions

What is DOL's EPS?

Descon Oxychem Limited reported basic earnings per share of Rs 2.25 for FY2026 (Jul 2025 – Jun 2026).

What is DOL's P/E ratio?

At the closing price of Rs 29.98 on 16 Oct 2026, DOL trades at a P/E of 13.3× based on EPS of Rs 2.25 (FY2026).

Does DOL pay dividends?

Yes. Descon Oxychem Limited declared a dividend of Rs 4.00 per share for FY2026. It has paid a dividend in each of the last 10 years. At Rs 29.98 that is a dividend yield of 13.3%.

What was DOL's revenue and profit in FY2026?

Descon Oxychem Limited reported revenue of Rs 5.1 bn and profit attributable to shareholders of Rs 393.6 mn for FY2026 (Jul 2025 – Jun 2026).

What is DOL's book value per share?

Descon Oxychem Limited's book value per share was Rs 17.52 at the end of FY2026. The shares trade at 1.71× book value.

Information only, not investment advice.