DCM Shriram Ltd

About [ edit ]

DCM Shriram is engaged in the business of manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and of Chlor- Alkali in Bharuch (Gujrat).(Source : Company Web-site )

  • Market Cap 10,366 Cr.
  • Current Price 665
  • High / Low 728 / 229
  • Stock P/E 16.2
  • Book Value 275
  • Dividend Yield 1.23 %
  • ROCE 18.8 %
  • ROE 19.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 17.89%

Cons

  • The company has delivered a poor sales growth of 6.88% over past five years.

Peer comparison

Sector: Diversified Industry: Diversified - Mega

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,550 2,037 1,683 2,090 1,874 1,864 1,736 2,166 1,906 1,886 2,015 2,137
1,458 1,704 1,384 1,754 1,476 1,521 1,519 1,876 1,558 1,726 1,798 1,738
Operating Profit 93 333 299 336 398 343 217 289 348 160 217 399
OPM % 6% 16% 18% 16% 21% 18% 12% 13% 18% 8% 11% 19%
Other Income 13 10 17 21 38 24 31 35 10 23 18 17
Interest 20 33 38 22 25 37 41 38 43 44 28 26
Depreciation 36 36 37 39 43 49 52 55 59 58 59 55
Profit before tax 50 274 241 296 369 281 155 231 257 80 148 336
Tax % -25% 20% 27% 24% 22% 24% 19% 17% 17% 22% 22% 25%
Net Profit 62 219 175 224 288 214 125 191 213 62 115 252
EPS in Rs 3.81 13.49 11.04 14.09 18.16 13.48 7.89 12.05 13.64 4.01 7.38 16.14

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,405 3,402 4,082 4,956 5,400 6,082 5,500 5,735 5,732 6,807 7,684 7,672 7,945
3,084 3,106 3,888 4,648 4,898 5,546 5,083 5,196 4,930 5,765 6,318 6,475 6,820
Operating Profit 322 296 194 308 502 536 417 539 802 1,042 1,366 1,197 1,124
OPM % 9% 9% 5% 6% 9% 9% 8% 9% 14% 15% 18% 16% 14%
Other Income 47 54 14 -14 -2 51 57 56 -27 63 87 101 68
Interest 147 86 101 158 153 146 109 85 73 82 118 160 140
Depreciation 146 160 158 154 144 134 107 95 111 138 155 215 231
Profit before tax 76 104 -51 -18 204 307 257 415 591 885 1,180 923 821
Tax % -34% 31% 40% 19% 7% 11% 6% 15% 12% 22% 23% 19%
Net Profit 102 71 -31 -14 191 275 242 353 522 688 907 744 642
EPS in Rs 6.14 4.30 -1.85 -0.86 11.49 16.83 14.90 21.73 32.14 42.39 57.07 47.69 41.17
Dividend Payout % 13% 19% -22% -47% 14% 12% 15% 15% 18% 19% 17% 17%
Compounded Sales Growth
10 Years:8%
5 Years:7%
3 Years:10%
TTM:4%
Compounded Profit Growth
10 Years:27%
5 Years:25%
3 Years:8%
TTM:-22%
Stock Price CAGR
10 Years:31%
5 Years:32%
3 Years:15%
1 Year:145%
Return on Equity
10 Years:18%
5 Years:23%
3 Years:23%
Last Year:19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
33 33 33 33 33 33 33 33 33 33 31 31 31
Reserves 1,198 1,254 1,228 1,206 1,367 1,641 1,824 2,113 2,515 3,045 3,529 4,081 4,251
Borrowings 1,962 1,452 1,669 1,789 1,527 1,155 744 1,059 1,073 756 1,611 2,148 1,171
699 759 870 1,499 1,661 1,940 1,744 1,794 1,918 1,812 1,959 1,882 2,062
Total Liabilities 3,892 3,498 3,801 4,528 4,588 4,768 4,346 4,999 5,540 5,646 7,130 8,143 7,516
2,112 2,011 1,914 1,801 1,462 1,414 1,346 1,336 1,930 2,118 2,584 3,383 3,291
CWIP 29 27 28 27 16 21 31 325 33 86 311 60 49
Investments 56 59 50 50 47 238 45 99 26 67 75 75 75
1,696 1,401 1,809 2,650 3,064 3,094 2,924 3,239 3,551 3,375 4,161 4,626 4,101
Total Assets 3,892 3,498 3,801 4,528 4,588 4,768 4,346 4,999 5,540 5,646 7,130 8,143 7,516

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
271 703 -56 308 274 961 186 128 790 812 799 502
-335 -66 -69 -77 82 -190 195 -361 -452 -315 -828 -525
49 -622 125 -107 -442 -580 -585 174 -169 -569 279 184
Net Cash Flow -15 15 1 125 -85 190 -203 -58 170 -72 250 160

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 6% 2% 6% 14% 15% 13% 17% 22% 26% 28% 19%
Debtor Days 36 20 33 49 62 59 67 80 62 48 49 51
Inventory Turnover 2.64 2.94 3.49 3.23 2.96 3.74 3.69 3.45 2.66 2.85 2.69 2.41

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
63.88 66.28 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53
3.20 3.23 3.14 3.08 3.59 3.98 3.79 3.58 3.03 2.69 2.57 2.52
9.50 9.06 8.94 9.22 9.31 8.88 8.98 9.33 9.61 10.13 9.40 9.57
0.02 0.02 0.02 0.15 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
21.90 19.89 19.86 19.52 19.17 19.26 19.35 19.22 19.48 19.38 20.25 20.23
1.50 1.52 1.51 1.50 1.38 1.33 1.33 1.32 1.32 1.24 1.23 1.14

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