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DCM Shriram Industries Ltd Stock Analysis

Small Cap
Evaluated by 707 users | BSE: 523369 | NSE: DCMSRMIND |
Sugar
DCM Shriram Industries Ltd. (DSIL) is the flagship company of the DCM Shriram Industrial Group based predominantly in Northern India with a portfolio of products comprising of sugar, alcohol, fine chemicals, rayon tyrecord & textiles.DCM Shriram Industries is a diversified group with...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 2.77%3.93%5.85%8.68%5.57%8.15%20.04%8.9%9.34%11.68%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 9059921,0951,3131,2991,2161,4941,7041,6891,795
Y-o-Y Gr. Rt.-9.6%10.4%20%-1.1%-6.3%22.9%14.1%-0.9%6.3%
Adjusted EPS (Rs.) -4.8-4.213.3612.62.4716.5267.4629.6337.7351.49
Y-o-Y Gr. Rt.-NANA275%-80.4%568.8%308.4%-56.1%27.3%36.5%
Book Value per Share (Rs.) 113.39103.4108.1120.67121.41137.52209.84234.47271.47311.17
Adjusted Net Profit -8.4-7.35.921.94.328.711751.665.689.6
Net Op. Cash Flow (Rs. Cr.) 4916.718.6186-45.867.77463.383.737.9
Debt to Cash Flow from Ops 6.322.9421.881.61-9.146.025.536.625.5615.53
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
DCM Shriram Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.9%6.7%6.3%6.3%
Adjusted EPS NA83.6%-8.6%36.5%
Book Value per Share 11.920.71414.6
Share Price 19.7% 7.7% -4% 49.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -3.63-3.42.89.891.8711.8937.8413.3414.9117.68
Operating Profit Margin (%) 3.944.666.327.034.986.9212.985.936.938.2
Net Profit Margin (%) -0.92-0.740.531.670.332.367.853.023.894.99
Debt to Equity 1.562.132.161.421.981.711.121.030.991.09
Working Capital Days 186182183160168194173158172193
Cash Conversion Cycle 9494956866939098109111
Entity Percentage Holding
Promoters 50.11%
Institutions 6.69%
Non-Institutions 43.20%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of DCM Shriram Industries Ltd's performance infers:

DCM Shriram Industries Ltd earnings have grown by 83.6%, whereas share price has appreciated 7.7% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of DCM Shriram Industries Ltd share prices over the last 10 years. Here is what we found out:

DCM Shriram Industries Ltd share price has appreciated 10.5% annually over the past ten years.

DCM Shriram Industries Ltd. (DSIL) is the flagship company of the DCM Shriram Industrial Group based predominantly in Northern India with a portfolio of products comprising of sugar, alcohol, fine chemicals, rayon tyrecord & textiles.

DCM Shriram Industries is a diversified group with operations in Sugar, Alcohol, Organic and Inorganic Chemicals, Drug Intermediates, Rayon Tyrecord, Shipping Containers and processed cotton yarn.

DCM Shriram Industries Group was born in 1990 on

DCM Shriram Industries Ltd. (DSIL) is the flagship company of the DCM Shriram Industrial Group based predominantly in Northern India with a portfolio of products comprising of sugar, alcohol, fine chemicals, rayon tyrecord & textiles.

DCM Shriram Industries is a diversified group with operations in Sugar, Alcohol, Organic and Inorganic Chemicals, Drug Intermediates, Rayon Tyrecord, Shipping Containers and processed cotton yarn.

DCM Shriram Industries Group was born in 1990 on restructuring of the erstwhile DCM Limited by combining five units of DCM group namely Sugar factory at Daurala, Distillery at Daural, Rayon tyrecord plant at Kota, Liquor Operations at Daurala and Aromatic Chemicals Plant at Daurala.

The company had three manufacturing sites Daurala Sugar Complex,U.P., Shriram Rayons,Rajasthan and Daurala Organics,U.P.

Product range

Sugar includes-

  • Plantation White Crystal Sugar (Sulphitation)
  • Refined Sugar (Pharmaceutical Grade)Sugar Cubes
  • Sugar Sachets
  • Breakfast Sugar
  • Packaged Premium Sugar

Alcohol include-

  • Bulk alcohol
  • Rectified Spirit, Extra Neutral Alcohol and Anhydrous Alcohol.
  • Portable liquor-Whiskies, Gin, Rum, Brandy
  • Country liquor-Sonpari, LalPari, Asha, Daurala Lime King, Daurala No.-1, Umang.

Aromatic Chemicals- Sodium Phenyl Acetate (Liquid), Sodium Benzoate, Para-Chloro Benzyl Cyanide, Potassium Phenyl Acetate (Solid), Ortho-Chloro Benzy Cyanide, Phenyl Acetic Acid (Pharma & Perfumery Grade), etc. 

Other Chemicals-Anhydrous Sodium Sulphate (CGQ), Anhydrous Sodium Sulphate(NQ/NQA), Carbon-di-Sulphide, etc.

Rayon products- Yarn, Cord, Greige Fabric, RFL Treated Fabric.In 2005, Daurala Organics Limited was amalgamated with DCM Shriram Industries Limited.

Milestones achieved

  • 1889 - Delhi Cloth Mills founded at Delhi
  • 1932 - Sugar factory set up at Daurala
  • 1934 - Textile Mills set up at Lyallpur (Now Faisalabad in Pakistan)
  • 1940 - Sugar factory set up at Mawana
  • 1941 - Heavy inorganic chemicals plant set up at Delhi
  • 1943 - Distillery set up at Daurala
  • 1948 - New textile mills set up at Delhi
  • 1958 - Spinning mills at Hissar and Silk mills set up at Delhi 
  • 1960 - PVC, Chlor-alkali and Calcium Carbide plant set up at Kota
  • 1965 - Rayon tyrecord plant set up at Kota
  • 1967 - Liquor operations started at Daurala
  • 1969 - Urea plant set up at Kota
  • 1970 - Aromatic chemicals plant set up at Daurala
  • 1972 - Textile mills set up at Dasna   - Computers unit set up at Delhi
  • 1977 - Precision castings (for automobiles) foundry set up at Ropar
  •  1990 - DCM restructured into 4 different groups 
  • 1994 - Drug intermediates company established with works at Daurala (Daurala Organics Ltd.)
  •  - Yarn dyeing and processing unit established at Alwar(Indital Tintoria Ltd.)
  • 1995 - Shipping containers company established at Chennai(DCM Hyundai Ltd.)
  •  1997 - Joint Venture Liquor company established with works at Daurala (DCM Remy Ltd.)
  •  2004 - Commercial production of Anhydrous Alcohol (for admixing field)
  •  2005 - Daurala Organics Ltd. , amalgamated with DCM SHRIRAM INDUSTRIES Ltd.

Awards/Achievements

  • The first sugar complex in India to be accredited with ISO-9002 certification way back in 1996, for all its manufacturing facilities and recently accredited under the upgraded ISO 9001:2000 certification scheme by Det Norsk Veritas of Norway.
  • ISO 9000 series certification has been received from RWTUV of Germany and Det Norsk Veritas of Norway.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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