DCM Shriram Ltd.

•

dcmshriram.comBSE: 523367NSE: DCMSHRIRAM

Market Cap₹ 15,549 Cr.

Current Price

High / Low₹ 1,414 / 945

Stock P/E10.9

Book Value₹ 539

Price to Book2.26

Dividend Yield1.12 %

ROCE11.7 %

ROE11.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Chemicals: 32.2% • Sugar: 31.5% • Farm Solutions: 11.8%

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 509.2% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.65x)
Stock looks reasonably valued - P/E of 10.9 is below its historical median
Company has a consistent dividend-paying track record
Company comfortably covers its interest (6.6x coverage)

CONS

Company has a low return on capital employed of 11.0%
Company has a low return on equity of 9.2% over last 3 years
A large part of profit comes from other income (25.4% of PBT)
Company has delivered a poor profit growth of 5.0% over past five years
Operating margins have contracted to 9.8% from 14.0%

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

Peer comparison

DiversifiedDiversifiedDiversified

Part ofNIFTY SMLCAP 250 NIFTY 500 NIFTY TOTAL MKT

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

Consolidated Figures in Rs. Crores / View Standalone

	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
	2,925	2,813	3,125	2,511	3,061	3,114	3,502	2,983	3,442	3,416	3,978	3,351	3,785
	2,771	2,711	2,692	2,266	2,825	2,949	3,023	2,614	3,152	3,123	3,472	3,020	3,618
Operating Profit	154	101	433	245	236	165	479	369	290	293	506	331	167
OPM %	5.26%	3.61%	13.86%	9.76%	7.70%	5.29%	13.68%	12.36%	8.43%	8.56%	12.72%	9.88%	4.42%
	17	22	35	24	26	54	41	21	22	99	-26	78	-52
Interest	25	15	15	32	29	38	43	43	44	43	49	40	41
Depreciation	72	74	77	80	86	101	109	114	112	119	134	138	128
Profit before Tax	86	47	389	177	158	96	386	270	170	246	322	254	275
Tax %	34.21%	32.05%	38.14%	33.27%	36.65%	34.30%	32.00%	33.69%	33.11%	35.44%	34.06%	-46.13%	-151.78%
Net Profit	0	0	0	0	100	63	262	179	114	159	213	371	693
	3.63	2.07	15.42	7.55	6.43	4.04	16.81	11.47	7.27	10.14	13.59	23.71	44.42

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,788	6,900	7,771	7,767	8,308	9,627	11,547	10,922	12,077	13,538	14,529
	5,019	5,873	6,414	6,592	7,166	7,841	9,996	9,935	10,754	12,097	13,232
Operating Profit	769	1,028	1,358	1,175	1,142	1,787	1,551	987	1,323	1,442	1,297
OPM %	13.28%	14.89%	17.47%	15.13%	13.75%	18.56%	13.43%	9.04%	10.96%	10.65%	8.92%
	49	63	99	105	102	101	176	102	149	229	99
Interest	71	83	119	164	122	85	53	88	153	176	173
Depreciation	114	141	157	219	233	238	260	303	410	502	519
Profit before Tax	633	867	1,180	897	889	1,565	1,413	699	909	992	1,098
Tax %	12.70%	22.91%	23.52%	19.82%	24.39%	31.88%	35.54%	36.01%	33.55%	13.73%	-30.80%
Net Profit	552	669	903	719	672	1,066	911	447	604	856	1,436
EPS	33.97	41.22	57.09	45.96	43.17	68.45	58.41	28.67	38.75	54.73	—
Dividend Payout %	17.07%	19.89%	16.88%	17.84%	21.54%	21.48%	23.97%	23.02%	23.23%	20.47%	—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: 11%
5 Years:: 5%
3 Years:: -2%

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:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Minority Interest	2	2	1	6	0	0	0	0	0	21
	2,495	3,007	3,494	4,018	4,617	5,470	6,162	6,491	6,973	7,681
	1,058	761	1,611	2,260	1,489	1,566	1,677	1,995	2,340	2,701
Trade Payables	1,146	1,118	1,144	927	702	960	1,011	1,040	1,185	1,218
	1,109	942	1,312	1,465	1,735	2,604	3,533	3,877	4,245	4,625
Total Liabilities	5,842	5,863	7,594	8,709	8,574	10,632	12,415	13,434	14,774	16,277
	2,015	2,204	2,683	3,492	3,359	3,408	4,104	4,221	6,517	7,518
Capital Work in Progress	60	114	330	51	103	485	1,618	2,597	805	532
	31	30	31	29	30	3	12	54	56	136
	1,616	1,652	1,925	2,177	1,804	2,306	2,376	2,677	2,799	3,108
	0	0	0	0	0	0	0	646	919	1,081
Cash & Bank	212	149	416	560	1,334	1,607	974	672	986	854
	1,909	1,715	2,209	2,399	1,944	2,823	3,329	2,567	2,692	3,047
Total Assets	5,842	5,863	7,594	8,709	8,574	10,632	12,415	13,434	14,774	16,277

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	919	1,059	1,312	660	2,048	1,500	1,625	794	1,127	1,234
Cash from Investing	-411	-321	-803	-518	-642	-888	-1,543	-1,070	-850	-1,241
Cash from Financing	-185	-571	277	183	-918	-275	-235	169	-1	-307
	176	-65	248	161	327	62	-482	-107	277	-314

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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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