DCM Shriram Ltd

₹ 1,042 1.54%
16 Aug 12:17 p.m.
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 16,244 Cr.
  • Current Price 1,042
  • High / Low 1,264 / 855
  • Stock P/E 13.9
  • Book Value 353
  • Dividend Yield 1.40 %
  • ROCE 24.5 %
  • ROE 20.6 %
  • 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 10.7% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,902 1,753 2,195 1,917 1,912 2,047 2,159 2,191 1,957 2,145 2,730 2,796 2,851
1,553 1,542 1,907 1,574 1,746 1,825 1,755 1,830 1,674 1,855 2,141 2,161 2,415
Operating Profit 350 211 288 343 166 222 404 361 283 290 589 635 436
OPM % 18% 12% 13% 18% 9% 11% 19% 16% 14% 14% 22% 23% 15%
24 32 20 11 26 18 17 31 17 21 25 28 28
Interest 37 42 38 47 43 26 28 25 27 23 17 17 17
Depreciation 50 53 56 60 59 60 56 58 57 59 61 61 61
Profit before tax 287 148 215 248 90 154 337 308 216 229 536 585 387
Tax % 23% 20% 19% 16% 22% 23% 25% 25% 27% 31% 35% 31% 34%
Net Profit 221 119 175 201 69 119 253 232 158 158 350 401 254
EPS in Rs 13.91 7.49 11.04 12.91 4.43 7.63 16.25 14.86 10.12 10.16 22.43 25.73 16.29

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
4,151 5,039 5,539 6,182 5,639 5,780 5,788 6,900 7,771 7,767 8,308 9,627 10,522
3,933 4,693 4,999 5,673 5,240 5,276 5,017 5,866 6,402 6,575 7,156 7,831 8,572
Operating Profit 219 346 540 509 399 505 771 1,035 1,369 1,192 1,152 1,796 1,949
OPM % 5% 7% 10% 8% 7% 9% 13% 15% 18% 15% 14% 19% 19%
13 -19 -20 50 52 41 47 56 88 88 92 92 103
Interest 104 160 155 149 112 85 71 83 119 164 122 85 75
Depreciation 160 157 147 138 110 98 114 141 157 219 233 238 241
Profit before tax -32 10 219 272 228 362 633 867 1,180 897 889 1,565 1,736
Tax % 55% -25% 7% 11% 8% 17% 13% 23% 24% 20% 24% 32%
Net Profit -14 12 203 242 211 302 552 670 906 717 673 1,067 1,163
EPS in Rs -0.86 0.72 12.23 14.85 12.98 18.58 33.97 41.22 56.99 45.96 43.17 68.45 74.61
Dividend Payout % -47% 56% 13% 14% 17% 17% 17% 20% 17% 18% 22% 22%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 7%
TTM: 26%
Compounded Profit Growth
10 Years: 35%
5 Years: 14%
3 Years: 6%
TTM: 53%
Stock Price CAGR
10 Years: 34%
5 Years: 22%
3 Years: 36%
1 Year: 9%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 18%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
33 33 33 33 33 33 33 33 31 31 31 31
Reserves 1,273 1,282 1,462 1,654 1,826 2,067 2,503 3,015 3,502 4,026 4,623 5,476
1,691 1,818 1,557 1,177 760 1,064 1,074 756 1,610 2,150 1,521 1,577
888 1,495 1,699 1,988 1,798 1,844 1,964 1,849 1,993 1,928 1,615 2,285
Total Liabilities 3,886 4,629 4,751 4,852 4,417 5,007 5,574 5,652 7,136 8,135 7,790 9,369
2,018 1,911 1,565 1,513 1,443 1,428 2,022 2,211 2,690 3,499 3,360 3,408
CWIP 60 54 44 51 62 357 65 117 332 59 109 494
Investments 13 11 7 203 6 35 31 30 31 29 30 3
1,795 2,653 3,134 3,085 2,906 3,186 3,457 3,294 4,084 4,548 4,291 5,463
Total Assets 3,886 4,629 4,751 4,852 4,417 5,007 5,574 5,652 7,136 8,135 7,790 9,369

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-50 299 319 969 167 100 772 827 775 496 1,887 1,224
-73 -82 40 -200 228 -326 -411 -321 -803 -518 -642 -904
139 -100 -443 -585 -594 166 -185 -571 277 183 -918 -259
Net Cash Flow 15 116 -84 184 -200 -59 176 -65 248 161 327 62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 36 52 68 61 69 81 63 48 49 51 23 34
Inventory Days 142 154 148 105 120 141 194 163 190 208 146 190
Days Payable 55 100 114 120 119 123 138 110 113 89 57 79
Cash Conversion Cycle 123 107 102 47 71 100 120 100 126 170 111 145
Working Capital Days 77 66 85 46 65 77 67 64 73 102 57 62
ROCE % 3% 7% 14% 14% 12% 15% 21% 25% 29% 19% 16% 24%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.53 66.52 66.52
3.98 3.79 3.58 3.03 2.69 2.57 2.52 2.82 3.01 2.98 3.02 3.05
8.88 8.98 9.33 9.61 10.13 9.40 9.57 9.37 9.01 9.04 8.89 8.77
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
19.26 19.35 19.22 19.48 19.38 20.25 20.23 20.22 20.42 20.36 20.43 20.59
1.33 1.33 1.32 1.32 1.24 1.23 1.14 1.03 1.01 1.06 1.11 1.05

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