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 10,826 Cr.
  • Current Price 694
  • High / Low 777 / 229
  • Stock P/E 16.1
  • Book Value 298
  • Dividend Yield 1.18 %
  • ROCE 16.6 %
  • ROE 15.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 18.85%
  • Debtor days have improved from 39.95 to 20.36 days.

Cons

  • The company has delivered a poor sales growth of 7.52% over past five years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Diversified Industry: Diversified - Mega

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,068 1,700 2,115 1,888 1,902 1,753 2,195 1,917 1,912 2,047 2,159 2,191
1,730 1,404 1,778 1,490 1,553 1,542 1,907 1,574 1,746 1,825 1,755 1,830
Operating Profit 337 296 337 398 350 211 288 343 166 222 404 361
OPM % 16% 17% 16% 21% 18% 12% 13% 18% 9% 11% 19% 16%
Other Income 10 17 20 41 24 32 20 11 26 18 17 31
Interest 35 41 19 24 37 42 38 47 43 26 28 25
Depreciation 36 38 40 44 50 53 56 60 59 60 56 58
Profit before tax 275 235 299 372 287 148 215 248 90 154 337 308
Tax % 21% 29% 25% 21% 23% 20% 19% 16% 22% 23% 25% 25%
Net Profit 218 169 226 293 221 119 175 201 69 119 253 232
EPS in Rs 13.44 10.62 14.20 18.43 13.91 7.49 11.04 12.91 4.43 7.63 16.25 14.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3,519 4,151 5,039 5,539 6,182 5,639 5,780 5,788 6,900 7,771 7,767 8,308
3,199 3,933 4,695 5,002 5,673 5,240 5,276 5,017 5,866 6,402 6,589 7,156
Operating Profit 320 218 345 536 509 399 505 771 1,035 1,369 1,178 1,152
OPM % 9% 5% 7% 10% 8% 7% 9% 13% 15% 18% 15% 14%
Other Income 54 13 -18 -16 50 52 41 47 56 88 102 92
Interest 89 104 160 155 149 112 85 71 83 119 164 122
Depreciation 163 160 157 147 138 110 98 114 141 157 219 233
Profit before tax 123 -32 10 219 272 228 362 633 867 1,180 897 889
Tax % 31% 55% -25% 7% 11% 8% 17% 13% 23% 24% 20% 24%
Net Profit 84 -14 12 203 242 211 302 552 670 906 717 673
EPS in Rs 5.08 -0.86 0.72 12.23 14.85 12.98 18.58 33.97 41.22 56.99 45.96 43.17
Dividend Payout % 16% -47% 56% 13% 14% 17% 17% 17% 20% 17% 18% 22%
Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:6%
TTM:7%
Compounded Profit Growth
10 Years:51%
5 Years:17%
3 Years:0%
TTM:-6%
Stock Price CAGR
10 Years:32%
5 Years:35%
3 Years:39%
1 Year:172%
Return on Equity
10 Years:18%
5 Years:21%
3 Years:20%
Last Year:15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
33 33 33 33 33 33 33 33 33 31 31 31
Reserves 1,296 1,273 1,282 1,462 1,654 1,826 2,067 2,503 3,015 3,502 4,026 4,617
Borrowings 1,461 1,691 1,818 1,557 1,177 760 1,064 1,074 756 1,610 2,150 1,288
864 888 1,495 1,699 1,988 1,798 1,844 1,964 1,849 1,993 1,928 1,855
Total Liabilities 3,654 3,886 4,629 4,751 4,852 4,417 5,007 5,574 5,652 7,136 8,135 7,791
2,124 2,018 1,911 1,565 1,513 1,443 1,428 2,022 2,211 2,690 3,499 3,365
CWIP 59 60 54 44 51 62 357 65 117 332 59 103
Investments 13 13 11 7 203 6 35 31 30 31 29 30
1,458 1,795 2,653 3,134 3,085 2,906 3,186 3,457 3,294 4,084 4,548 4,292
Total Assets 3,654 3,886 4,629 4,751 4,852 4,417 5,007 5,574 5,652 7,136 8,135 7,791

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
710 -50 299 319 969 167 100 772 827 775 496 1,887
-64 -73 -82 40 -200 228 -326 -411 -321 -803 -518 -642
-643 139 -100 -443 -585 -594 166 -185 -571 277 183 -918
Net Cash Flow 3 15 116 -84 184 -200 -59 176 -65 248 161 327

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 7% 3% 7% 14% 14% 12% 15% 21% 25% 29% 19% 17%
Debtor Days 27 36 52 68 61 69 81 63 48 49 51 20
Inventory Turnover 2.87 3.28 3.17 2.93 3.63 3.59 3.33 2.60 2.82 2.65 2.37 2.73

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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