DCM Shriram Ltd

₹ 872 -0.37%
27 Jan - close price
About

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 )

Key Points

Part of DCM Group[1]
DCM Shriram is a part of the DCM group founded by Sir Shri Ram, the DCM group is an industrial empire manufacturing a vast variety of goods like - textiles, sugar, chemicals, vanaspati, pottery, fans, sewing machines, electric motors, and capacitors.

  • Market Cap 13,598 Cr.
  • Current Price 872
  • High / Low 1,264 / 831
  • Stock P/E 14.6
  • Book Value 377
  • Dividend Yield 1.69 %
  • ROCE 23.9 %
  • ROE 20.1 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 20.4%

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Diversified Industry: Diversified - Mega

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
2,166 1,906 1,886 2,015 2,137 2,174 1,906 2,125 2,678 2,745 2,788 2,674 3,170
1,876 1,558 1,726 1,798 1,738 1,812 1,636 1,838 2,095 2,120 2,356 2,408 2,629
Operating Profit 289 348 160 217 399 362 269 287 583 625 432 266 541
OPM % 13% 18% 8% 11% 19% 17% 14% 14% 22% 23% 15% 10% 17%
35 10 23 18 17 32 17 21 26 30 28 88 33
Interest 38 43 44 28 26 25 27 23 17 17 17 11 13
Depreciation 55 59 58 59 55 58 56 59 60 60 60 62 65
Profit before tax 231 257 80 148 336 311 203 227 532 578 384 280 497
Tax % 17% 17% 22% 22% 25% 25% 27% 31% 35% 31% 34% 35% 32%
Net Profit 191 213 62 115 252 233 148 156 347 397 252 182 335
EPS in Rs 12.05 13.64 4.01 7.38 16.14 14.95 9.52 10.03 22.22 25.49 16.18 11.70 21.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
4,082 4,956 5,400 6,082 5,500 5,735 5,732 6,807 7,684 7,672 8,212 9,455 11,377
3,888 4,648 4,892 5,546 5,083 5,196 4,927 5,761 6,326 6,469 7,079 7,693 9,514
Operating Profit 194 308 508 536 417 539 806 1,046 1,358 1,203 1,133 1,761 1,863
OPM % 5% 6% 9% 9% 8% 9% 14% 15% 18% 16% 14% 19% 16%
14 -14 -7 51 57 56 -31 59 95 95 95 98 179
Interest 101 158 153 146 109 85 73 82 118 160 122 85 58
Depreciation 158 154 144 134 107 95 111 138 155 215 230 235 246
Profit before tax -51 -18 204 307 257 415 591 885 1,180 923 876 1,540 1,739
Tax % 40% 19% 7% 11% 6% 15% 12% 22% 23% 19% 24% 32%
Net Profit -31 -14 191 275 242 353 522 688 907 744 662 1,049 1,168
EPS in Rs -1.85 -0.86 11.49 16.83 14.90 21.73 32.14 42.39 57.07 47.69 42.48 67.25 74.88
Dividend Payout % -22% -47% 14% 12% 15% 15% 18% 19% 17% 17% 22% 22%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 7%
TTM: 28%
Compounded Profit Growth
10 Years: 42%
5 Years: 12%
3 Years: 5%
TTM: 6%
Stock Price CAGR
10 Years: 30%
5 Years: 9%
3 Years: 33%
1 Year: -23%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 18%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
33 33 33 33 33 33 33 33 31 31 31 31 31
Reserves 1,228 1,206 1,367 1,641 1,824 2,113 2,515 3,045 3,529 4,081 4,667 5,500 5,851
1,669 1,789 1,527 1,155 744 1,059 1,073 756 1,611 2,148 1,520 1,571 1,540
870 1,499 1,661 1,940 1,744 1,794 1,918 1,812 1,959 1,882 1,550 2,195 2,365
Total Liabilities 3,801 4,528 4,588 4,768 4,346 4,999 5,540 5,646 7,130 8,143 7,768 9,298 9,787
1,914 1,801 1,462 1,414 1,346 1,336 1,930 2,118 2,584 3,383 3,251 3,286 3,359
CWIP 28 27 16 21 31 325 33 86 311 60 109 495 1,120
Investments 50 50 47 238 45 99 26 67 75 75 75 99 278
1,809 2,650 3,064 3,094 2,924 3,239 3,551 3,375 4,161 4,626 4,334 5,418 5,030
Total Assets 3,801 4,528 4,588 4,768 4,346 4,999 5,540 5,646 7,130 8,143 7,768 9,298 9,787

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-56 308 274 961 186 128 790 812 799 502 1,869 1,201
-69 -77 82 -190 195 -361 -452 -315 -828 -525 -639 -902
125 -107 -442 -580 -585 174 -169 -569 279 184 -914 -264
Net Cash Flow 1 125 -85 190 -203 -58 170 -72 250 160 316 34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 33 49 62 59 67 80 62 48 49 51 22 33
Inventory Days 139 152 146 102 118 137 191 162 187 205 143 189
Days Payable 53 101 114 118 117 121 136 109 111 87 54 76
Cash Conversion Cycle 118 100 94 43 67 96 117 101 125 169 111 145
Working Capital Days 75 64 83 45 64 78 70 67 79 101 66 72
ROCE % 2% 6% 14% 15% 13% 17% 22% 26% 28% 19% 16% 24%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.52 66.52 66.53 66.53
3.58 3.03 2.69 2.57 2.52 2.82 3.01 2.98 3.02 3.05 2.97 2.74
9.33 9.61 10.13 9.40 9.57 9.37 9.01 9.04 8.89 8.77 8.62 8.82
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
19.22 19.48 19.38 20.25 20.23 20.22 20.42 20.36 20.43 20.59 20.84 20.86
1.32 1.32 1.24 1.23 1.14 1.03 1.01 1.06 1.11 1.05 1.01 1.04

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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