DCM Shriram Industries Ltd Stock Analysis

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

BSE Share Price Aug 12, 18:03
78.30 -0.05 (-0.06%)

DeciZen - Make an Informed Decision on DCM Shriram Inds.

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

DCM Shriram Inds. Price Chart

P/E Ratio (SA) :
9.88
Market Cap :
681.2 Cr.
52-wk low :
69.6
52-wk high :
131.4
Bole Toh?

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 Fair zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of DCM Shriram Industries Ltd is likely to Fall 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.9%8.7%5.6%8.2%20%8.9%9.3%11.7%8.1%7.5%-
Value Creation Index -0.6-0.4-0.6-0.40.4-0.4-0.3-0.2-0.4NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0951,3131,2991,2161,4941,7041,6891,7951,9432,1232,335
YoY Gr. Rt. %-20%-1.1%-6.3%22.9%14.1%-0.9%6.3%8.3%9.3%-
Adj EPS 0.72.50.53.313.55.97.610.37.16.67.9
YoY Gr. Rt. %-276.1%-80.6%573.5%308.8%-56%27.3%36.4%-31.2%-6.5%-
BVPS (₹) 21.624.124.327.54246.954.362.26975.277.1
Adj Net Profit 5.921.94.328.711751.665.689.661.757.769
Cash Flow from Ops. 18.6186-45.867.77463.383.737.922561.6-
Debt/CF from Ops. 21.91.6-9.165.56.65.615.52.28.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.6%7.3%7.9%9.3%
Adj EPS 29%-13.2%-4.2%-6.5%
BVPS 14.912.411.59.1
Share Price 24.3% 3.8% 36.8% -8.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 2.89.91.911.937.813.314.917.710.89.210.4
Op. Profit Mgn % 6.3756.9135.96.98.27.96.76.4
Net Profit Mgn % 0.51.70.32.47.933.953.22.73
Debt to Equity 2.21.421.71.1111.10.80.8-
Working Cap Days 1831601681941731581721931961860
Cash Conv. Cycle 956866939098109111100990

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.83

Sales growth is good in last 4 quarters at 21.22%

Return on Equity has declined versus last 3 years average to 10.40%

Sales growth has been subdued in last 3 years 7.92%

Net Profit has been subdued in last 3 years -4.24%

Latest Financials - DCM Shriram Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 7.9 8
TTM Sales (₹ Cr.) 2,335 2,335
BVPS (₹.) 77.1 79.1
Reserves (₹ Cr.) 653 671
P/BV 1.02 0.99
PE 9.88 9.78
From the Market
52 Week Low / High (₹) 69.60 / 131.40
All Time Low / High (₹) 0.66 / 131.40
Market Cap (₹ Cr.) 681
Equity (₹ Cr.) 17.4
Face Value (₹) 2
Industry PE 17.1

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

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Key Ratios of DCM Shriram Inds.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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