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DCM Shriram Q2 FY27 Share Price & Earnings Call Analysis

₹911.05-0.16% today
Market cap
₹14,210 Cr
P/E
10.35
ROE
11.50%
PEG
-6.95
Price to sales
1.02
Debt to equity
0.38
52W high / low
₹1,330 / ₹907
Sales growth (5Y)
10.26%
EBITDA margin
11.06%
Net profit margin
6.27%
Promoter holding
66.52%
Sales (last year)
₹13,840 Cr

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 )

Guidance scorecard · Q2 FY27 call

What DCM Shriram Ltd's management guided
and where it ranks in Diversified

#1of 1 in
Diversified
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

10–20%
  • The company aims for consistent growth across all businesses except Urea and Cement, where no major expansion is planned.
  • Focus on value-added chemical products like epichlorohydrin, hydrogen peroxide, epoxy, and aluminum chloride to drive growth.
  • Fenesta expects robust growth, despite some short-term impact from geopolitical issues; order book remains healthy (~INR 1,000 crore).
  • Shriram Farm Solutions targets growth via innovation, new products from in-house R&D, wider farmer reach, and digital marketing campaigns.
  • Bioseed business expects volume recovery contingent on monsoon; volumes were down due to delayed rains impacting sowing.

2 more points from DCM Shriram Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what DCM Shriram Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Two acquisitions totaling close to INR450 crore were made in the past year.
  • Capex of around INR1,000 crore was incurred recently.
  • No major new capex has been announced; ongoing capex is continuing as planned.
  • Net borrowing is expected to remain at similar levels due to ongoing capex.
  • Company aims to keep debt-to-EBITDA below 1.5 to maintain healthy financials.
  • Strategic investments include acquisition of an epoxy factory in Gujarat.
  • Fenesta business is setting up a facility to manufacture wooden doors, indicating new capital investment.

2 more points from DCM Shriram Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what DCM Shriram Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Fenesta Building Systems has a healthy order book currently up by 4% year-on-year.
  • The total order book for Fenesta is close to INR 1,000 crore.
  • Growth in Fenesta's order intake was slightly lower than expected in the quarter, partly due to delays in decision-making linked to the West Asia crisis.
  • Despite fluctuations, Fenesta's management is confident about continued robust growth.
Full Q1 FY27 analysis
Full Diversified ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does DCM Shriram Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

DCM Shriram Ltd announcements

All announcements →

Financials of DCM Shriram Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

DCM Shriram Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +66.53%66.53%66.53%66.53%66.53%66.53%66.53%66.53%66.53%66.53%66.53%66.52%
FIIs +3.41%3.76%3.74%3.77%3.99%4.10%4.14%3.97%3.98%3.97%3.89%3.98%
DIIs +8.37%8.07%8.07%7.66%7.64%7.76%8.04%8.24%8.31%8.55%8.45%8.32%
Government +0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.00%0.00%0.00%0.00%
Public +20.74%20.70%20.77%21.28%21.10%20.82%20.53%20.54%20.49%20.23%20.44%20.51%
Others +0.94%0.92%0.87%0.72%0.71%0.79%0.75%0.71%0.70%0.70%0.68%0.68%
No. of Shareholders55,15757,17160,14858,12059,83761,68259,67260,86458,41455,22054,37754,112

Financials of DCM Shriram Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,7083,0352,3992,8762,9573,3672,8773,2623,2723,8113,1933,5643,977
Expenses +2,5942,5902,1342,6292,7762,8712,4722,9582,9633,2802,8403,2283,685
Operating Profit114445265248181496405304309532353337291
OPM %4.2%15%11%9%6%15%14%9%9%14%11%9%7%
Other Income +223524265441212299-267810727
Interest15153229384343444349404135
Depreciation74778086101109114112119134138128131
Profit before tax4738917715896386270170246322254274152
Tax %32%38%33%37%34%32%34%33%35%34%-46%-152%31%
Net Profit +3224011810063262179114159213371693106
EPS in Rs2.0715.427.556.434.0316.8111.477.2710.1313.6023.7244.426.72

Financials of DCM Shriram Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5,6395,7805,7886,9007,7717,7678,3089,62711,54710,92212,07713,53814,545
Expenses +5,2405,2765,0175,8666,4026,5757,1567,8319,9419,93210,74712,04113,033
Operating Profit3995057711,0351,3691,1921,1521,7961,6069911,3301,4971,513
OPM %7%9%13%15%18%15%14%19%14%9%11%11%10%
Other Income +524147568888929212099142173186
Interest112857183119164122855388153176165
Depreciation11098114141157219233238260303410502531
Profit before tax2283626338671,1808978891,5651,4136999099921,003
Tax %8%17%13%23%24%20%24%32%36%36%34%14%
Net Profit +2113015526699047226741,0679114476048561,383
EPS in Rs12.9818.5833.9741.2256.9945.9643.1768.4558.4128.6738.7554.7388.46
Dividend Payout %17%17%17%20%17%18%22%22%24%23%23%21%

Financials of DCM Shriram Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital33333333313131313131313131
Reserves1,8262,0582,4953,0073,4944,0184,6175,4706,1626,4916,9737,6818,414
Borrowings +7601,0641,0747561,6102,1501,5211,5771,7072,1522,5292,9232,002
Other Liabilities +1,7981,8521,9721,8572,0011,9351,6212,2902,8192,8743,1983,4793,881
Total Liabilities4,4175,0075,5745,6527,1368,1357,7909,36910,72011,54712,73114,11514,328
Fixed Assets +1,4431,4282,0222,2112,6903,4993,3603,4084,1054,2226,5177,5187,868
CWIP6235765117332591094941,6302,615834571258
Investments63531303129303125456136408
Other Assets +2,9063,1863,4573,2944,0844,5484,2915,4634,9734,6565,3245,8895,793
Total Assets4,4175,0075,5745,6527,1368,1357,7909,36910,72011,54712,73114,11514,328

Financials of DCM Shriram Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1671007728277754961,8871,2241,2967941,1271,234
Cash from Investing Activity +228-326-411-321-803-518-642-888-1,543-1,070-850-1,241
Cash from Financing Activity +-594166-185-571277183-918-275-235169-1-307
Net Cash Flow-200-59176-6524816132762-482-107277-314
Free Cash Flow115-249331440-73-1021,642478-493-514280354
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit56%36%119%102%76%55%178%84%101%100%92%88%

Financials of DCM Shriram Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days698163484951233427222829
Inventory Days120141194163190208146190153168162162
Days Payable11912313811011389577965656964
Cash Conversion Cycle71100120100126170111145115124121128
Working Capital Days433135574852444537342625
ROCE %12%15%21%25%29%19%16%24%19%9%11%12%

Guidance history

How DCM Shriram Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlannedRising
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Flat
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

10out of 100

Momentum score · price trend

10 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−31.5%21%
Last 6 months−25.8%11%
Last 3 months−13.7%31%

The price is 35.3% below its all-time high of ₹1,408.2 (18 Jul 2025). Stocks more than 20% below their peak have their score halved, so 19 became 10.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For DCM Shriram Ltd: 0.4 × 21 + 0.4 × 11 + 0.2 × 31 = 19, halved to 10 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What DCM Shriram Ltd's management said in earlier quarters

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