DCM Shriram Ltd.

•

dcmshriram.comBSE: 523367NSE: DCMSHRIRAM

Market Cap₹ 15,549 Cr.

Current Price

High / Low₹ 1,414 / 945

Stock P/E10.7

Book Value₹ 540

Price to Book2.26

Dividend Yield1.12 %

ROCE11.4 %

ROE11.4 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Sugar: 36.2% • Chemicals: 27.0% • Fertiliser: 11.7%

AI Sector View

AI GENERATED

Diversified

Hold

Diversified groups track the broad economy, which remains positive but not accelerating cleanly. GST collections rose 8% YoY (2026-07), the core industries Overall Index was 5.4% YoY (2026-07), and GDP annual growth was 7.8% (Jun/26), but e-way bills slowed to 6% YoY (2026-07). Flat sector FPI flows with net 3-month flow of INR 0 crore to 2026-08-31 argue for market weight rather than a tilt.

Confidence

60%

View full sector analysis →

PROS

Latest quarter profit grew 635.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.69x)
Stock looks reasonably valued - P/E of 10.7 is below its historical median
Company has a consistent dividend-paying track record
Company comfortably covers its interest (6.6x coverage)
Company maintains a comfortable, low leverage position

CONS

A large part of profit comes from other income (26.7% of PBT)
Company has a low return on capital employed of 10.6%
Company has a low return on equity of 8.8% over last 3 years
Company has delivered a poor profit growth of 4.8% over past five years
Operating margins have contracted to 9.7% from 14.6%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

DiversifiedDiversifiedDiversified

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	GRASIM	3307.20	39.53	225081.61	0.30	3846.28	39.00	48716.20	21.43	9.72	22.94
2.	3MINDIA	33038.80	60.88	37218.44	1.53	157.15	21.62	1046.57	-0.29	51.87	19.63
3.	DCMSHRIRAM	997.10	10.85	15549.01	1.12	693.44	509.24	3784.67	9.96	11.72	8.93
4.	HNDFDS	612.95	47.71	7426.67	0.00	42.76	34.76	1201.08	20.75	14.15	8.35
5.	BALMLAWRIE	175.50	10.75	3001.12	4.84	70.93	5.32	748.73	10.00	15.33	15.26
6.	TTKHLTCARE	1179.65	22.54	1666.88	0.85	21.28	63.68	257.56	13.75	7.72	5.72
7.	KOTIC	137.35	0.00	1483.68	0.00	-28.90	—	52.44	98.47	-16.89	-42.58
8.	EMPIND	1076.80	164.59	646.08	2.32	14.18	47.35	183.60	10.07	18.16	10.77
9.	GILLANDERS	103.05	12.61	219.93	0.00	2.52	146.16	91.34	3.34	6.08	7.01
10.	ASPINWALL	251.25	12.49	196.43	2.59	-0.70	78.59	113.18	25.76	8.42	0.96

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,864	2,739	3,049	2,467	3,001	3,039	3,409	2,921	3,338	3,364	3,834	3,195	3,660
	2,718	2,648	2,626	2,222	2,778	2,889	2,949	2,560	3,070	3,067	3,348	2,870	3,504
Operating Profit	146	91	423	245	224	150	461	361	268	297	486	325	156
OPM %	5.09%	3.34%	13.86%	9.95%	7.46%	4.93%	13.51%	12.36%	8.02%	8.82%	12.68%	10.16%	4.26%
	17	22	36	24	26	54	41	21	22	99	-25	79	-77
Interest	25	15	15	32	29	38	43	42	44	42	48	39	40
Depreciation	71	73	75	78	84	98	106	112	109	115	127	131	122
Profit before Tax	78	38	379	175	149	79	368	263	148	254	310	250	291
Tax %	34.81%	33.60%	38.40%	33.71%	37.12%	37.48%	32.33%	33.50%	34.44%	33.62%	35.01%	-48.19%	-144.60%
Net Profit	51	25	234	116	94	49	249	175	97	168	201	371	711
	3.27	1.62	14.98	7.46	6.01	3.15	15.97	11.20	6.20	10.81	12.91	23.79	45.62

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,732	6,807	7,684	7,672	8,212	9,455	11,279	10,662	11,778	13,071	14,053
	4,936	5,770	6,331	6,494	7,110	7,698	9,749	9,708	10,518	11,688	12,789
Operating Profit	797	1,037	1,354	1,178	1,102	1,757	1,530	954	1,260	1,383	1,263
OPM %	13.90%	15.24%	17.62%	15.35%	13.42%	18.58%	13.56%	8.95%	10.70%	10.58%	8.99%
	-22	68	99	120	126	103	233	101	150	233	77
Interest	73	82	118	160	122	85	53	87	152	173	169
Depreciation	111	138	155	215	230	235	256	297	400	482	495
Profit before Tax	591	885	1,180	923	876	1,540	1,454	671	858	962	1,105
Tax %	11.66%	22.25%	23.17%	19.46%	24.35%	31.88%	33.90%	36.48%	33.99%	12.89%	-31.45%
Net Profit	522	688	907	744	662	1,049	961	426	567	838	1,452
EPS	32.14	42.39	57.17	47.69	42.48	67.25	61.66	27.33	36.33	53.71	—
Dividend Payout %	18.04%	19.34%	16.85%	17.20%	21.89%	21.86%	22.71%	24.15%	24.77%	20.85%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 10%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: 5%
3 Years:: -4%

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 1%
3 Years:: 0%
1 Year:: -18%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 13%
3 Years:: 9%
Last Year:: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	32	32	31	31	31	31	31	31	31	31
	2,507	3,037	3,521	4,074	4,661	5,495	6,237	6,545	6,989	7,675
	1,057	762	1,612	2,257	1,489	1,560	1,677	1,989	2,331	2,669
Trade Payables	1,125	1,094	1,122	910	668	909	949	994	1,149	1,143
	1,078	924	1,294	1,440	1,699	2,563	3,506	3,852	4,210	4,590
Total Liabilities	5,800	5,850	7,581	8,712	8,549	10,559	12,400	13,411	14,710	16,108
	1,923	2,111	2,577	3,376	3,250	3,286	3,981	4,022	6,305	6,949
Capital Work in Progress	28	83	309	52	103	486	1,602	2,593	803	528
	26	67	75	75	75	99	347	423	448	949
	1,582	1,631	1,889	2,144	1,762	2,247	2,329	2,615	2,734	2,937
	0	0	0	0	0	0	0	592	861	994
Cash & Bank	196	129	398	541	1,304	1,550	915	608	897	708
	2,044	1,828	2,334	2,524	2,055	2,892	3,225	2,558	2,661	3,043
Total Assets	5,800	5,850	7,581	8,712	8,549	10,559	12,400	13,411	14,710	16,108

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	938	1,044	1,055	665	2,029	1,472	1,627	782	1,096	1,213
Cash from Investing	-438	-315	-828	-525	-639	-886	-1,559	-1,055	-827	-1,585
Cash from Financing	-183	-569	279	184	-914	-280	-229	164	2	14
	170	-72	250	160	316	34	-481	-110	270	-357

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
66.52	66.52	66.52	66.52	66.52	66.52	66.52	66.52	66.52
3.74	3.78	4.00	4.10	4.14	3.97	3.98	3.97	3.89
8.07	7.66	7.64	7.76	8.04	8.24	8.31	8.55	8.45
0.02	0.02	0.02	0.02	0.02	0.02	0.00	0.00	0.00
21.64	22.01	21.82	21.61	21.27	21.24	21.19	20.94	21.12

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

Commencement of commercial production/operations

2026-09-01 - DCM Shriram Limited has informed the Exchange about Commencement of commercial production/operations

2026-09-01

Credit Rating

2026-09-01 - DCM Shriram Limited has informed the Exchange about Credit Rating

2026-08-27

Copy of Newspaper Publication

2026-08-27 - DCM Shriram Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-25

Credit Rating- New

2026-08-25 - DCM Shriram Limited has informed the Exchange about Credit Rating- New

2026-08-19

Appointment

2026-08-19 - DCM Shriram Limited has informed the Exchange regarding Appointment of Rumjhum Chatterjee as Non- Executive Independent Director of the company w.e.f. August 09, 2026.

2026-08-19

Appointment

2026-08-19 - DCM Shriram Limited has informed the Exchange regarding Appointment of Mr Sanjay Kishan Kaul as Non- Executive Independent Director of the company w.e.f. August 09, 2026.

2026-08-19

Shareholders meeting

2026-08-19 - DCM Shriram Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-18

Shareholders meeting

2026-08-18 - DCM Shriram Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 18, 2026

2026-08-14

Copy of Newspaper Publication

2026-08-14 - DCM Shriram Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for DCMSHRIRAM

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