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DCM Shriram Ltd share Price Today

Company details

914.60
938.90
772.05
1,175.00
6M Return -9.58%
1Y Return 9.10%
Mkt Cap.(Cr) 14,400.46
Volume 42,800
Div Yield 1.47%
OI
-
OI Chg %
-
Volume 42,800

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Specialty Chemicals company DCM Shriram announced Q1FY24 results:

  • Net Revenue of Rs 2,780 crore in Q1FY24 compared to Rs 2,851 crore in Q1FY23, down 2% YoY
  • PBDIT of Rs 183 crore in Q1FY24 compared to Rs 464 crore in Q1FY23, down 60% YoY
  • PAT of Rs 57 crore in Q1FY24 compared to Rs 254 crore in Q1FY23, down 78% YoY
  • PBIT of Rs 111 crore in Q1FY24 compared to Rs 403 crore in Q1FY23, down 72% YoY
  • Finance cost of Rs 25 crore in Q1FY24 compared to Rs 17 crore in Q1FY23, up 52% YoY
  • Depreciation of Rs 72 crore in Q1FY24 compared to Rs 61 crore in Q1FY23, up 19% YoY
  • Net Debt as of 30th June 2023 is Rs 926 crore (LY Rs 8 crore) & as on 31st March 2023 is Rs 681 crore.
  • ROCE for Q1FY24 came in at 21.2% vs 36.5% for Q1FY23.
  • Tax cash outflow is approx. 17.5% 

Commenting on the performance for Q1FY24, in a joint statement, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, said: The world economy continues to face headwinds amidst weak growth prospects and geo-political uncertainties. A confluence of factors, including legacy effects of the Covid-19 pandemic, the elongated Ukraine-Russia war, climate change issues, and inflation are weighing on the global economic outlook. Inflation in major economies continues to be at higher than normal levels, leading to the most aggressive interest rate hike cycle in decades, causing financial conditions to tighten. While global growth and demand are impacted, growth momentum in India is strong.

Our Chemicals and Vinyl businesses are facing challenges as a result of global disruptions in demand, supply, and costs. We are taking measures in terms of scale, costs, and integration that will help us weather these tough times. Both our projects at the Chemicals complex in Bharuch on Green Power & 120MW power plant will start bringing cost benefits during Q2/Q3 FY2024 and onwards. Other projects in the chemicals business are also in advanced stages with expected commissioning in the next six months.

The sugar business environment is positive. Global sugar prices are still elevated, with 2022-23 being a deficit year and expected in 2023-24 as well. Indian markets remained insulated from global markets as the export quota for the current year is already exhausted. Sugar margins in Uttar Pradesh continue to be suboptimal since sugar prices have not moved in tandem with the increase in sugarcane cost, which continues to be higher in Uttar Pradesh. Our grain process at Ajbapur distillery was also commissioned which will add to our Ethanol production capacity.

Fenesta & Shriram Farm Solution businesses continue to witness good momentum and have become significant contributors to growth.

We strive for sustainability, be it water conservation, energy conservation, green energy, or circular economy, in all our businesses.

We will continue to look for growth opportunities in core and adjacent businesses along with ensuring a healthy Balance sheet and Cash flow.

 

 

Result PDF

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DCM Shriram Ltd shares SWOT Analysis

Strengths (5)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (7)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 936.7
R2 950.0
R3 961.0
Pivot

925.65

S1 912.4
S2 901.4
S3 888.1
EMA SMA
924.9
941.0
955.5
952.2
904.8
946.0
976.1
959.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
DCM SHRIRAM LIMITED Bulk Purchase 2014-03-24 89.97 1207132 NSE
SAL REAL ESTATE PVT. LTD Block Purchase 2009-03-24 25.75 1259571 BSE
SANJAY DUTT Block Sell 2009-03-24 25.75 1259571 BSE
Name Category Shares
SUMANT INVESTMENTS PRIVATE LIMITED PROMOTER 63.03%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

DCM Shriram Ltd Stocks COMPARISON

Financials( in Cr) DCM Shriram Ltd 3M India Ltd Swan Energy Ltd Quess Corp Ltd Nava Ltd
Price 923.45 29,186.30 628.85 596.40 491.90
% Change -3.41 -1.43 -3.45 -2.43 -1.02
Mcap Cr 14,400.46 32,878.37 16,596.42 8,855.23 7,137.52
Revenue TTM Cr 11,797.23 3,959.37 1,438.14 17,158.39 3,528.15
Net Profit TTM Cr 910.84 451.02 -61.05 222.91 1,221.69
PE TTM 28.97 61.12 73.67 38.28 8.21
1 Year Return 9.10 26.72 178.93 62.18 113.22
ROCE 23.98 30.66 0.00 9.11 18.14
ROE 21.01 23.36 0.00 7.37 22.26
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 6,199.11 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,701.14 -977.22
LAST 3M 84,025.63 45,820.51
LAST 6M 131,642.99 78,083.44
LAST 12M 206,655.58 204,047.57
DCM Shriram Limited - Updates

Apr 10, 2024 l NSE Announcement

Fenesta achieves Rs 1,000 cr order book in FY24

Apr 10, 2024 l BSE Announcement

Date Action Type Ratio
Mar 06, 2024 Dividend 200
Jul 18, 2023 Dividend 180
Feb 01, 2023 Dividend 290

DCM Shriram Ltd Information

Stock PE (TTM)
28.97
Promoter Holding
66.52%
Book Value
399.1251
ROCE
23.98%
ROE
21.01%
Description
  • DCM Shriram Limited is engaged in the business of energy-intensive and agri products. Under its agri-business, the company produces and distributes sugar, urea, hybrid seeds, pesticides, fertilisers, and alkali products. Under its energy-intensive business, the company produces and distributes chemicals, acids, PVC resins, cement, and calcium carbide. The company was incorporated under the Companies Act on 6 February 1989 as a private limited company as DCM Engineering Industries Private Limited. As of 25 October 2022, the market capitalisation of the company is Rs 16,369 crore.

    The company’s headquarters are in New Delhi, and it is listed on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) under codes DCM and 502820.

    The company has fertiliser manufacturing facilities in Kota, Rajasthan, and Bharuch, Gujarat. Its sugar factories are located in Ajbapur, Rupapur, Hariawan, and Loni in Uttar Pradesh. All products and manufacturing facilities of the company are ISO 9001 and 14001 and OHSAS 18001 certified. Some of the facilities have also received international certifications, such as the British Safety Council Sword of Honour. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 2,728.78 crore with a net profit of Rs 128.12 crore.

    As per the shareholding pattern of the company, a 66.52% stake in the company is held by promoters, a 22.64% stake is held by retail investors, a 7.42% stake is held by other domestic institutions, a 2.97% stake belongs to the foreign institutional investors, and the remaining 0.45% is invested in mutual funds. The top mutual funds in which the company has invested are Baroda BNP Paribas Midcap Direct Growth Fund and Baroda BNP Paribas Multi Cap Fund Direct Growth. The management team of the company comprises Mr Ajay S Sriram (chairman and senior managing director), Mr Vikram S Sriram (vice-chairman and MD), Mr Ajit Sriram (joint MD), Mr Pradeep Dinodia (independent director), Mr Vimal Bhandari (independent director), among others.

    On 25 October 2022, DCM Shriram Limited’s share price was Rs 1,060.45 at the NSE and Rs 1,055.90 at the BSE after the market closing. The 52-week high and 52-week low prices of this share are Rs 1,263.85 and Rs 895.00, respectively. The return on equity (ROE), as of 25 October 2022, is 21.03%. The top peers of the company include Pidilite Industries, SRF, Atul, and BASF India.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

2nd Floor West Wing, Worldmar 1 Aerocity, New Delhi, New Delhi, 110037

Tel : 91-11-23316801/42100200
Email : sameetgambhir:dcmshriram.com
Website : http://www.dcmshriram.com
Registrar

MCS Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 523367
NSE Code : DCMSHRIRAM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE499A01024

FAQ’s on DCM Shriram Ltd Shares

You can buy DCM Shriram Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy DCM Shriram Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 15, 2024 03:59 PM the closing price of DCM Shriram Ltd was ₹ 923.45.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 15, 2024 03:59 PM, the market cap of DCM Shriram Ltd stood at ₹ 14,400.46.

The latest PE ratio of DCM Shriram Ltd as of Apr 15, 2024 03:59 PM is 28.97

The latest PB ratio of DCM Shriram Ltd as of Apr 15, 2024 03:59 PM is 0.42

The 52-week high of DCM Shriram Ltd share price is ₹ 1,175.00 while the 52-week low is ₹ 772.05

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