DCMSHRIRAM
DCM Shriram share price & financials
- Price
- ₹1,053.7
- Market cap
- ₹15.7k Cr
- Sector
- Diversified
- Calls analysed
- 9
DCM Shriram Q1 FY27
What went well
- Consolidated Net Revenues grew 9.24% YoY to INR3,564 crore (Q1 FY27) from INR3,262 crore (Q1 FY26).
- Consolidated PBDIT increased 11.66% YoY to INR364 crore (Q1 FY27) from INR326 crore (Q1 FY26).
- Chemicals segment revenue saw robust 33% YoY growth, with PBDIT rising 24% to INR274 crore.
What to watch
- Bioseed segment revenue declined 26% YoY, resulting in a negative PBDIT of INR9 crore compared to positive INR42 crore last year, primarily due to delayed monsoons and sowing shortfalls.
- Vinyl segment PVC volumes fell 25% YoY, and overall segment revenue moderated 10% due to subdued demand and increased imports.
What DCM Shriram does
DCM Shriram is a diversified Indian manufacturer operating across chemicals & vinyl, sugar & ethanol, building materials, and agri-input businesses. It makes caustic soda and downstream chlor-chemicals (chlorine, hydrogen peroxide, epichlorohydrin, epoxy resins) and PVC resin/calcium carbide at integrated plants in Bharuch (Gujarat) and Kota (Rajasthan); crushes sugarcane and distills ethanol at four complexes in central Uttar Pradesh; manufactures and markets uPVC/aluminium windows, doors and facades under the Fenesta brand; and produces urea fertilizer, hybrid seeds (Bioseed) and other agri-inputs sold under the Shriram brand through a nationwide dealer network. Its manufacturing units are supported by significant captive thermal, co-generation and renewable power capacity.
Segments
- Chemicals
- Vinyl
- Sugar & Ethanol
- Fenesta Building Systems
- Shriram Farm Solutions
- Fertilizer
- Bioseed
- Others
- Manufacturing/business locations
- 12
- Total employees
- 6,609
- Caustic soda capacity
- 2,749 TPD (Bharuch + Kota)
- Sugarcane crushing capacity
- 42,400 TCD across 4 Central UP complexes
- Fenesta uPVC extrusion capacity
- 12,284 TPA, with 1 extrusion plant and 7 fabrication units
- Fenesta dealer/city reach
- 380-dealer network covering 975 cities in India, plus presence in 3 countries
Guidance record · Q1 FY27
what the last two calls moved 21 tracked 3 delivered 5 missed 13 open- Net Debt delivered said Q3 FY24 Promised: around ₹1,900 to ₹2,000 crore by March 2024 Q1 FY27: Historical target for March 2024, previously reported as achieved.
- ECH Plant Commercial Production missed said Q1 FY25 Promised: Q3 FY25 Q1 FY27: Historical target, confirmed as missed in previous quarters. The plant was fully commissioned in Q1 FY27, significantly later than the original Q3 FY25 target.
- Fenesta EBITDA Margin revised down said Q3 FY26 Promised: ~14% Medium Term Q1 FY27: The medium-term guidance of ~14% remains the active target. Q1 FY27 PBDIT was strong, but a single quarter does not confirm achievement of a medium-term goal. Status remains `revised_down` based on the original revision.
All 21 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.0%, net profit up 633.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,877 | 3,273 | 2,812 | 3,156 | 3,217 +12% | 3,666 +12% | 3,032 +8% | 3,439 +9% |
| EBITDA | 161 | 476 | 395 | 279 | 311 +93% | 510 +7% | 341 −14% | 318 +14% |
| Net profit | 49 | 249 | 175 | 97 | 168 +243% | 201 −19% | 371 +112% | 711 +633% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −19.0% 1Y
1Y: ₹1,235.1 on 10 Sept 2025 → ₹1,000. High ₹1,379.7 (17 Sept 2025), low ₹964 (9 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.4%
- 30 Jul
- Q4 FY26
- −0.0%
- 15 May
- Q3 FY26
- +0.3%
- 23 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 4.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹11.5k Cr | ₹10.7k Cr | ₹11.8k Cr | ₹13.1k Cr |
| Operating profit | ₹1.6k Cr | ₹957 Cr | ₹1.3k Cr | ₹1.4k Cr |
| Operating margin | 14.0% | 9.0% | 10.8% | 11.0% |
| Interest | ₹53 Cr | ₹87 Cr | ₹152 Cr | ₹173 Cr |
| Depreciation | ₹260 Cr | ₹297 Cr | ₹400 Cr | ₹482 Cr |
| Net profit | ₹915 Cr | ₹426 Cr | ₹567 Cr | ₹837 Cr |
| Net margin | 8.0% | 4.0% | 4.8% | 6.4% |
| Cash from operations | ₹1.3k Cr | ₹782 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Free cash flow | ₹-452 Cr | ₹-463 Cr | ₹259 Cr | ₹347 Cr |
| ROCE | 19.0% | 9.0% | 11.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹4.7k Cr | ₹5.5k Cr | ₹6.2k Cr | ₹6.5k Cr | ₹7.2k Cr | ₹7.7k Cr |
| Borrowings | ₹1.5k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.1k Cr | ₹2.2k Cr | ₹2.9k Cr |
| Other liabilities | ₹1.6k Cr | ₹2.2k Cr | ₹2.7k Cr | ₹2.8k Cr | ₹3.8k Cr | ₹3.4k Cr |
| Total liabilities | ₹7.8k Cr | ₹9.3k Cr | ₹10.7k Cr | ₹11.5k Cr | ₹13.2k Cr | ₹13.9k Cr |
| Fixed assets | ₹3.3k Cr | ₹3.3k Cr | ₹4.0k Cr | ₹4.0k Cr | ₹6.9k Cr | ₹6.9k Cr |
| Capital work in progress | ₹109 Cr | ₹495 Cr | ₹1.6k Cr | ₹2.6k Cr | ₹821 Cr | ₹567 Cr |
| Investments | ₹75 Cr | ₹99 Cr | ₹347 Cr | ₹423 Cr | ₹73 Cr | ₹949 Cr |
| Other assets | ₹4.3k Cr | ₹5.4k Cr | ₹4.8k Cr | ₹4.5k Cr | ₹5.4k Cr | ₹5.5k Cr |
| Total assets | ₹7.8k Cr | ₹9.3k Cr | ₹10.7k Cr | ₹11.5k Cr | ₹13.2k Cr | ₹13.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +0.41 pp while FIIs trimmed −0.25 pp. The shareholder count shrank 9% to 54,377.
- Promoters
- 66.5%
- FIIs
- 3.9%
- DIIs
- 8.4%
- Public
- 20.4%
- Others
- 0.7%
Since Jun 2025
- DIIs +0.41 pp
- FIIs −0.25 pp
- Public −0.09 pp
How it drifted, 12 quarters
Over this window FIIs went from 2.9% to 3.9% — +1.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 66.5%, FIIs 2.9%, DIIs 8.5%, Government 0.0%, Public 21.2%, Others 0.9%.Dec '23: Promoters 66.5%, FIIs 3.4%, DIIs 8.4%, Government 0.0%, Public 20.7%, Others 0.9%.Mar '24: Promoters 66.5%, FIIs 3.8%, DIIs 8.1%, Government 0.0%, Public 20.7%, Others 0.9%.Jun '24: Promoters 66.5%, FIIs 3.7%, DIIs 8.1%, Government 0.0%, Public 20.8%, Others 0.9%.Sep '24: Promoters 66.5%, FIIs 3.8%, DIIs 7.7%, Government 0.0%, Public 21.3%, Others 0.7%.Dec '24: Promoters 66.5%, FIIs 4.0%, DIIs 7.6%, Government 0.0%, Public 21.1%, Others 0.7%.Mar '25: Promoters 66.5%, FIIs 4.1%, DIIs 7.8%, Government 0.0%, Public 20.8%, Others 0.8%.Jun '25: Promoters 66.5%, FIIs 4.1%, DIIs 8.0%, Government 0.0%, Public 20.5%, Others 0.8%.Sep '25: Promoters 66.5%, FIIs 4.0%, DIIs 8.2%, Government 0.0%, Public 20.5%, Others 0.7%.Dec '25: Promoters 66.5%, FIIs 4.0%, DIIs 8.3%, Public 20.5%, Others 0.7%.Mar '26: Promoters 66.5%, FIIs 4.0%, DIIs 8.6%, Public 20.2%, Others 0.7%.Jun '26: Promoters 66.5%, FIIs 3.9%, DIIs 8.4%, Public 20.4%, Others 0.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of DCM Shriram above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sumant Investments Private Limited | 63.03% | unchanged |
| Life Insurance Corporation Of India Insurer | 6.01% | −0.08 pp |
| Stepan Holdings Limited | 4.54% | unchanged |
| Ristana Services Limited | 3.08% | unchanged |
| Investor Education And Protection Fund Authority | 1.23% | unchanged |
| Salperton Limited | 1.06% | unchanged |
| Turnstone Investments Limited | 1.00% | unchanged |
| Ajit S. Shriram | 0.38% | unchanged |
| Ajay S. Shriram(Huf) | 0.36% | unchanged |
| Vikram S. Shriram(Huf) | 0.35% | unchanged |
| Ajay S. Shriram | 0.32% | unchanged |
| Vikram S. Shriram | 0.32% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in DCMSHRIRAM
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+1.1%).
- Held by funds
- ₹11 Cr
- 5 schemes
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹6 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹6 Cr | +0.01 L | Mar '25 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹3 Cr | +0.00 L | Mar '25 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Mar '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Mar '25 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +1,135 shares (+1.1%)
- Funds are sitting on
- -3%
- vs est. average cost
- Held by funds
- ₹11 Cr
- 5 schemes · ≈ 0.07% of the company
- Biggest holder
- Nippon India Nifty Smallcap 250 Index Fund
- ₹6 Cr · 0.2% of that fund
Shares held by these funds +220%
Feb '23 1.06 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse DCM Shriram
Guides on how to read this kind of business and the numbers that matter.