DCM Shriram Industries Ltd - Stock Valuation and Financial Performance

BSE: 523369 | NSE: DCMSRIND | Sugar | Small Cap

DCM Shriram Inds. Share Price

184.85 8.00 4.52%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on DCM Shriram Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

DCM Shriram Industries stock performance -

mw4me loader
P/E Ratio (SA):
14.16
Market Cap:
1,538.5 Cr.
52-wk low:
59.1
52-wk high:
228

Is DCM Shriram Industries Ltd an attractive stock to invest in?

1. Is DCM Shriram Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that DCM Shriram Industries Ltd is a below average quality company.

2. Is DCM Shriram Industries Ltd undervalued or overvalued?

The key valuation ratios of DCM Shriram Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is DCM Shriram Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of DCM Shriram Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of DCM Shriram Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
DCM Shriram Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.7%5.6%8.2%20%8.9%9.3%11.7%8.1%7.5%6.6%-
Value Creation
Index
-0.4-0.6-0.40.4-0.4-0.3-0.2-0.4-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3131,2991,2161,4941,7041,6891,7951,9432,1232,3512,082
Sales YoY Gr.--1.1%-6.3%22.9%14.1%-0.9%6.3%8.3%9.3%10.7%-
Adj EPS 2.50.53.313.55.97.610.37.16.66.312.5
YoY Gr.--80.6%573.5%308.8%-56%27.3%36.4%-31.2%-6.5%-4.5%-
BVPS (₹) 24.124.327.54246.954.362.26975.280.489.1
Adj Net
Profit
21.94.328.711751.665.689.661.757.755.1109
Cash Flow from Ops. 186-45.867.77463.383.737.922561.6169-
Debt/CF from Ops. 1.6-9.165.56.65.615.52.28.82.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%6.6%9.4%10.7%
Adj EPS 10.8%1.3%-15%-4.5%
BVPS14.3%11.4%8.9%6.9%
Share Price 34.3% 39% 71.6% 209.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.91.911.937.813.314.917.710.89.28.114.7
Op. Profit
Mgn %
756.9135.96.98.27.96.76.110.3
Net Profit
Mgn %
1.70.32.47.933.953.22.72.35.2
Debt to
Equity
1.421.71.1111.10.80.80.7-
Working Cap
Days
16016819417315817219319618618291
Cash Conv.
Cycle
6866939098109111100999717

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Debt to equity has declined versus last 3 years average to 0.70

Sales growth has been subdued in last 3 years 9.41%

Net Profit has been subdued in last 3 years -14.98%

Sales growth is not so good in last 4 quarters at -13.66%

Latest Financials - DCM Shriram Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 12.5 12.5
TTM Sales (₹ Cr.) 2,082 2,082
BVPS (₹.) 89.1 91
Reserves (₹ Cr.) 757 775
P/BV 1.99 1.94
PE 14.16 14.21
From the Market
52 Week Low / High (₹) 59.10 / 228.00
All Time Low / High (₹) 0.66 / 228.00
Market Cap (₹ Cr.) 1,538
Equity (₹ Cr.) 17.4
Face Value (₹) 2
Industry PE 14.5

Management X-Ray of DCM Shriram Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of DCM Shriram Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,3131,2991,2161,4941,7041,6891,7951,9432,1232,351
Operating Expenses 1,2211,2351,1331,3021,6041,5721,6501,7911,9812,208
Manufacturing Costs184197170199223249251233310302
Material Costs8718677798881,1621,0421,1471,3021,3731,581
Employee Cost 9092102129126135142147165186
Other Costs 7679838693146110108133139
Operating Profit 926483192101117145152142143
Operating Profit Margin (%) 7.0%4.9%6.8%12.9%5.9%6.9%8.1%7.8%6.7%6.1%
Other Income 1671016151823162317
Interest 40413538282445404033
Depreciation 22181919192128293336
Exceptional Items 0000000000
Profit Before Tax 4612391516990961009290
Tax 17753111170342630
Profit After Tax 29433120587496666660
PAT Margin (%) 2.2%0.3%2.7%8.1%3.4%4.4%5.3%3.4%3.1%2.6%
Adjusted EPS (₹)3.30.53.813.86.68.511.07.67.66.9
Dividend Payout Ratio (%)21%40%16%14%12%14%9%20%20%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 232228255365408472541600654699
Share Capital 17171717171717171717
Reserves 214211238348391455524582637682
Minority Interest0000000000
Debt261385349381393431530414465420
Long Term Debt81817225328317811512973
Short Term Debt179304277355361348352299336347
Trade Payables320247275254198304274342266275
Others Liabilities 13713318112295109244307369533
Total Liabilities 9499931,0611,1221,0941,3171,5891,6621,7541,927

Fixed Assets

Gross Block634685703349369446527588679758
Accumulated Depreciation3413653821938567192115150
Net Fixed Assets293319321330331390457496564608
CWIP 1898318233424332
Investments 281915862318543561
Inventories414427510555496616663660633635
Trade Receivables11296114148165191185197255242
Cash Equivalents 7799121348321512
Others Assets7611684686661185199220367
Total Assets 9499931,0611,1221,0941,3171,5891,6621,7541,927

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 186-46687463843822562169
PBT 4612391516990961009290
Adjustment 60565350433763606161
Changes in Working Capital 89-104-16-93-27-28-10384-7733
Tax Paid -9-10-8-34-21-15-18-19-14-16
Cash Flow From Investing Activity -39-25-18-20-35-101-62-99-74-74
Capex -27-38-23-27-37-87-72-56-105-49
Net Investments -159573-156-3541-19
Others 340-1014-8-11-7
Cash Flow From Financing Activity -15271-48-54-271762-1501-98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5-517-78560118-4919-62
Interest Paid -40-42-36-32-24-22-35-35-38-30
Dividend Paid -3-6-2-11-11-7-19-9-13-13
Others -114124-28663-14-3-57337
Net Cash Flow -51102-138-24-12-4
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.572.0814.7639.8314.8916.7218.9311.5510.488.9
ROCE (%)15.529.1911.5826.6412.112.9613.6212.6211.5910.36
Asset Turnover Ratio1.461.391.231.431.561.41.241.21.251.28
PAT to CFO Conversion(x)6.41-11.52.060.621.091.140.43.410.942.82
Working Capital Days
Receivable Days28283031333838363939
Inventory Days11411413512511112013012411198
Payable Days9910610996627882767154

DCM Shriram Industries Ltd Stock News

DCM Shriram Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of DCM Shriram Inds. on 28-Mar-2024 16:01 is ₹184.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of DCM Shriram Inds. stood at ₹1,538.5.
The latest P/E ratio of DCM Shriram Inds. as of 28-Mar-2024 16:01 is 14.16.
The latest P/B ratio of DCM Shriram Inds. as of 28-Mar-2024 16:01 is 1.99.
The 52-week high of DCM Shriram Inds. is ₹228.0 and the 52-week low is ₹59.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of DCM Shriram Inds. is ₹2,082 ( Cr.) .

About DCM Shriram Industries Ltd

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.
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