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Diversified Indian conglomerate making chloralkali chemicals, sugar, fertilizers, uPVC windows (Fenesta) and cement.
Diversified Indian conglomerate making chloralkali chemicals, sugar, fertilizers, uPVC windows (Fenesta) and cement.
Chloralkali and vinyl, sugar and fertilisers are the main earners, with Fenesta windows and cement smaller lines; each is a commodity business with its own cycle, so group results blend cane harvests, caustic soda prices and fertiliser subsidy policy.
Moat: narrow (scale, brand). Diversified scale across regulated agri-inputs and a leading uPVC windows brand (Fenesta) in India.
Headquarters: New Delhi, India · Founded: 1889 · Employees: 15,122
Size DCM Shriram (DCMSHRIRAM.NS) is an India Industrials company (Industrial Conglomerates) with a market value of $1.47B, the 475th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹898.60 on 6 Nov 2026.
Performance Over six months the shares fell 28.7%, against +7.0% for the median peer and 0.0% for the India market (cap-weighted) — lowest of 11 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +5.5%); the operating margin is 6.8% (peer median 12.7%).
Valuation It trades at 9.2× forward earnings against a peer median of 11.8× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.9 points below its cost of capital (11.6% WACC).
Next results Next results expected around 19 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹145B | ₹135B | ₹120B | ₹109B | ₹115B |
| Revenue growth | — | +12% | +10% | -5% | — |
| Gross profit | ₹30.1B | ₹21.7B | ₹19.4B | ₹15.4B | ₹20.7B |
| EBITDA | ₹15.1B | ₹14.7B | ₹13.4B | ₹10.2B | ₹15.9B |
| Net income | ₹13.8B | ₹8.53B | ₹6.04B | ₹4.47B | ₹9.11B |
| Free cash flow | n/a | ₹2.51B | ₹1.64B | -₹6.09B | -₹5.29B |
| Capital expenditure | n/a | ₹8.87B | ₹8.59B | ₹13.2B | ₹18.0B |
| Total debt | ₹20.0B | ₹29.2B | ₹25.3B | ₹21.5B | ₹17.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DCM Shriram DCMSHRIRAM.NS | $1.47B | -29% | +14% | 7% | 9.2× | 16.6% |
| Chambal Fertilisers & Chemicals CHAMBLFERT.NS | $1.63B | -15% | +6% | 12% | 7.2× | n/a |
| Grasim Industries GRASIM.NS | $23.3B | +9% | +20% | 21% | 65.8× | -3.9% |
| Balrampur Chini Mills BALRAMCHIN.NS | $1.50B | +28% | +11% | 9% | 19.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DCMSHRIRAM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | -0.9% | 5th lowest of 11 |
| 6-month return | -28.7% | +7.0% | lowest of 11 |
| Distance from 52-week high | -32.2% | -22.0% | 2nd lowest of 11 |
| Revenue growth (TTM) | +13.8% | +5.5% | 2nd highest of 11 |
| Operating margin | 6.8% | 12.7% | 4th lowest of 11 |
| Forward P/E | 9.2× | 11.8× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 16.6% | -2.0% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +10.7% | +17.6% | 3rd lowest of 9 |
| Hurdle (Req g minus delivered) | +5.9 pp | -9.9 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | -3.9 pp | +5.4 pp | 2nd lowest of 10 |
| EV / EBITDA | 9.9× | 7.1× | 3rd most expensive of 9 |
| Net debt / EBITDA | 0.7× | -0.9× | 2nd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DCM Shriram DCMSHRIRAM.NS | India | $1.47B | -29% | +14% | 7% | 9.2× | 16.6% | +10.7% |
| Tsuburaya Fields 2767.T | Japan | $963M | +72% | -5% | 10% | 10.1× | -10.3% | +35.0% |
| ADEKA 4401.T | Japan | $2.53B | +3% | +5% | 11% | 11.8× | 3.6% | +5.0% |
| Sankyo 6417.T | Japan | $2.68B | +16% | -23% | 31% | 10.2× | -18.7% | +25.3% |
| Societe BIC BB.PA | France | $2.92B | +11% | -4% | 15% | 13.4× | -11.9% | +5.1% |
| 3M India 3MINDIA.NS | India | $3.29B | -16% | +16% | 17% | 39.8× | 28.0% | +14.3% |
| Cirsa Enterprises, S.A.U CIRSA.MC | Spain | $3.69B | +54% | +6% | 23% | 11.8× | -7.5% | +25.2% |
| Grupo Empresarial San Jose GSJ.MC | Spain | $517M | -14% | +11% | 4% | 10.6× | n/a | n/a |
| Tri Chemical Laboratories 4369.T | Japan | $511M | -22% | +12% | 25% | 12.3× | 19.4% | +19.5% |
| China Boton 3318.HK | Hong Kong | $435M | +163% | +11% | -5% | n/a | n/a | n/a |
| Hangzhou Tianyuan Pet Products 301335.SZ | China | $415M | -15% | +4% | 2% | 88.6× | 13.0% | +15.7% |