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Company details

1,013.25
1,037.15
855.50
1,263.85
6M Return -7.50%
1Y Return 9.68%
Mkt Cap.(Cr) 15,960.66
Volume 3,767
Div Yield 1.44%
OI
-
OI Chg %
-
Volume 3,767

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Rapid Results

Q1FY23 Quarterly Result Announced for DCM Shriram Ltd.

Specialty Chemicals firm  DCM Shriram Announced Q1FY23 Result :

  • Net Revenue up 46% at Rs/Cr 2851
  • PBDIT up 55% at Rs/Cr 464 & PAT up 61% at Rs/Cr 254
  • Net Revenues for Q1 FY23 up 46% YoY at Rs/cr 2,851.
    • Chloro-Vinyl up 90% at Rs/cr 1,140 driven by prices & volumes.
    • Sugar up 26%, at Rs/cr 710* driven by higher volumes and prices.
    • Fenesta up 54% at Rs/cr 167 led by volumes and prices in both project & retail segment
  • PBDIT for Q1 FY23 up 55% YoY at Rs/cr 464.
    • Chemical up 227% at Rs/cr 368 due to better margins & volumes
    • Fenesta up 168% at Rs/cr 32 led by higher volumes & better margins in retail segment
    • Sugar down 49% at Rs/cr 22 led by lower margins in sugar due to increased cost of production consequents to increase in SAP & lower recoveries in last season.
  • Projects under implementation in Chemicals and Sugar, aggregating Rs/cr 3,500 approximately, are progressing well and scheduled to be commissioned in next 12 months
  • ROCE is higher at 37% vs 23% in June’21.

Commenting on the performance for the quarter and period ending March 2022, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said We are witnessing very high inflation levels across the globe after many decades. There are supply chain disruptions, prices of key commodities are still elevated, Interest rates are rising, currencies across the globe are at historic lows against the US dollar and there is Russia-Ukraine conflict which is continuing. These have led to uncertain economic environment. With our strong businesses and balance sheet we are well placed to manage these uncertainties. Our operating and financial performance during the quarter continues to remain strong.

Chemicals business has performed well, with cost pressures being more than compensated with increase in volumes and product prices. Some softening is likely with the reduction in global demand however overall returns are expected to remain reasonable and the cost improvement measures being taken will cushion our margins. Vinyl business is facing cost pressures however the margins are good. Sugar business is facing margin pressures in Sugar, however Ethanol earnings are stable. This season costs have gone up with increased in SAP as well as adverse climate factors. Sugar policy especially in UP requires better support from government. Ethanol continues to get fillip from the Government considering their target of 20% mandate by 2025, here again cane juice based ethanol requires a differentiated policy for UP given unfavorable cost dynamics. Fenesta & Shriram Farm Solutions businesses continue to witness good growth with new product portfolios & geographical expansion. Bioseed India has shown improvement despite delay in monsoons.

We are investing close to Rs 3,500 crs in various projects primarily in Chemicals and Sugar business which are to be commissioned over the next 12 months and will be funded from internal accruals and debt. These projects will increase our scale, forward integration, new product lines along with bringing efficiencies and cost reduction. Some of these projects are directed towards creating wealth out of waste, building future capabilities and reducing carbon footprint.With comfortable balance sheet and cash flow we will continue to deliver growth on a sustained basis.

 

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 5,507.25 Cr FV: 2.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 1,063.73 35,237.03
LAST 3M 39,397.70 -2,125.67
LAST 6M 127,269.18 -146,884.65
LAST 12M 212,893.82 -215,286.28
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Jul 07, 2022 Dividend 245
Jan 24, 2022 Dividend 260
Oct 26, 2021 Dividend 230

Information

  • About Company
  • Company Info
  • Listing Info
13.76
66.52%
353.1491
23.98%
21.01%

Registered Address

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

Tel : 91-11-23316801/42100200
Email : response: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

ICICIdirect DCM Shriram Ltd FAQ

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 Aug 12, 2022 04:01 PM the closing price of DCM Shriram Ltd was ₹ 1,023.50.
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 Aug 12, 2022 04:01 PM, the market cap of DCM Shriram Ltd stood at ₹ 15,960.66.
The latest PE ratio of DCM Shriram Ltd as of Aug 12, 2022 04:01 PM is 13.76
The latest PB ratio of DCM Shriram Ltd as of Aug 12, 2022 04:01 PM is 0.34
The 52-week high of DCM Shriram Ltd is ₹ 1,263.85 while the 52-week low is ₹ 855.50 .

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