DCMSRINDFast Moving Consumer Goods

DCM Shriram Industries Limited

Sugar · ISIN INE843D01027 · BSE 523369 · NSE EQ · FV ₹2
Last price
₹38
-0.75%today
What this company does

DCM Shriram Industries Limited operates in Sugar, part of the Fast Moving Consumer Goods sector. It booked ₹527 cr of revenue in its latest quarter (Q2 FY26) and kept -0.6% of sales as profit.

The Company is primarily engaged in a single reportable business segment, namely "Sugar (including distillery)".
In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 36–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns11

How much profit it earns on the money it employs

Balance sheet37

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency54

Whether sales and profit have grown, and how steadily

Valuation97

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Promoters hold 50%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -0.6% net margin
! Low -1.4% return on equity

What if I invest in DCMSRIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹38 -0.75%
latest close · 2026-09-17
52-wk low ₹37170 sessions so far52-wk high ₹126
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.37Below book
Below bookModerateHigh
EV / EBITDA10.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-1.4%Loss
WeakFairStrong ▸15%
Return on capital1.6%Weak
WeakFairStrong
Net margin-0.6%Loss
ThinDecentStrong
EBITDA margin2.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover0.6×Risky
RiskyOkayStrong ▸5×
Current ratio1.41Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹334 cr
Book value
₹105
EPS
₹-0.36
latest quarter
Net debt
₹259 cr
owes more than its cash
Enterprise value
₹593 cr
EBITDA
₹59 cr
annualised
EBIT
₹18 cr
annualised
Operating margin
0.9%
Return on assets
-0.6%
Earnings yield
P/S
0.16
Sales / share
₹242.2
Tax rate
Face value
₹2
Shares
8.7 cr
Working capital
₹338 cr
Current assets
₹1,157 cr
Current liabilities
₹818 cr
Delivery %
56.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 3 models ₹76 vs market price ₹38 — price is 50% below it
Safety cushion+49.7%(target ≥ +20%)
Models span ₹69₹151, midpoint ₹76
Model ₹76
Price ₹38
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY26 (consolidated)
Revenue from Operations₹527 cr
Other Income₹5 cr
Total Income₹532 cr
Cost of Materials₹116 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹269 cr
Employee Benefit Expense₹46 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹86 cr
Total Expenses₹536 cr
Profit before Tax₹-3 cr
Tax Expense₹-22 L
Share of JV / Associates₹15 L
Net Profit₹-3 cr
Net margin on total income-0.6%
Where the money goes · Q2 FY26
% of total spend
Materials + stock-in-trade₹385 cr71.9%
Employee benefit expense₹46 cr8.6%
Finance costs₹8 cr1.5%
Depreciation & amortisation₹10 cr1.9%
Other expenses₹86 cr16.1%
Total income ₹532 cr

The company made a net loss of ₹3 cr this quarter — income covered only 99 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY25Q1 FY26Q2 FY26
Revenue472 cr499 cr527 cr
Total income478 cr502 cr532 cr
Expenses442 cr476 cr536 cr
Profit before tax36 cr26 cr-3 cr
Tax13 cr10 cr-22 L
Net profit (owners' share)24 cr17 cr-3 cr
Net margin (owners' share, on revenue)5.0%3.4%-0.6%
EPS (₹)2.721.94-0.36
YoY (latest quarter): total income -1.7% · net profit
Balance sheet & cash flow · as of Sep 2025
Low debt
Total assets
₹1,950 cr
Shareholder equity
₹912 cr
parent shareholders
Total debt
₹293 cr
Cash
₹33 cr
Cash flow · H1 FY26
Operating
₹321 cr
Investing
₹-54 cr
Financing
₹-268 cr
Peer comparison
Sugar · by market value
CompanyPriceMarket capP/E
Bajaj Hindusthan Sugar Limited₹19₹15,563 cr
Balrampur Chini Mills Limited₹676₹14,275 cr78.2
Triveni Engineering & Industries Limited₹232₹5,123 cr341.8
Shree Renuka Sugars Limited₹23₹4,854 cr
Bannari Amman Sugars Limited₹3,303₹4,142 cr
Dalmia Bharat Sugar and Industries Limited₹391₹3,161 cr114.9
Dhampur Bio Organics Limited₹116₹2,039 cr
Avadh Sugar & Energy Limited₹721₹1,443 cr1,502.1
Dhampur Sugar Mills Limited₹152₹976 cr40.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.04%
trailing 12 months
Dividend / share (TTM)
₹0.4
Last dividend
₹0.4
ex 3 Jul 2026
ActionDetailEx-date
Dividend₹0.4 / share3 Jul 2026
Dividend₹2 / share4 Apr 2025
Dividend₹2 / share10 Apr 2024
Dividend₹1 / share22 Feb 2023
Dividend₹0.5 / share25 Jul 2022
Dividend₹1 / share23 Feb 2022
Who owns it · 2026-06-30
No pledge
Promoter
50.1%
FII / Foreign
1.1%
DII / Domestic
12.8%
Retail / others
36.0%
Smart-money activity
Stake changes
SoldUrvashi Tilakdhar · promoter→ 0.00% · 89.43 L1 Aug 26
BoughtAlok Bansidhar Shriram · promoter→ 33.67% · 2.69 cr1 Aug 26
BoughtSuman Bansi Dhar · promoter→ 5.48% · 30.07 L1 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 24 Feb 2026
See the official result
1
Appointment of Mr. Anurag Surana (DIN:00006665) as an Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
77.54 L votes for, 53,042 against · 0% of mutual funds and other big investors said no
2
Appointment of Mr. Sidharth Prasad (DIN: 00074194) as an Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
77.89 L votes for, 17,752 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Uday Shriram (DIN: 11407307) as a Director liable to retire by rotation and Dy. Managing Director
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
77.53 L votes for, 54,098 against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. Rohan Shriram (DIN: 08940521) as a Director liable to retire by rotation and Whole Time Director
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
77.53 L votes for, 54,165 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 50.1% between them · as of 2026-06-30
LALA BANSI DHAR & SONS13.83%
ALOK BANSIDHAR SHRIRAM10.28%
URVASHI TILAKDHAR10.28%
MADHAV BANSIDHAR SHRIRAM4.94%
DIVYA SHRIRAM4.19%
AKSHAY FOUNDATION3.42%
SUMAN BANSI DHAR2.02%
UDAY SHRIRAM1.11%
Business done with them
FY2025 · 8 of the group
The company paid ₹24 cr to companies in the promoter group last year — about 1.2% of its ₹2,052 cr revenue.
LILY COMMERCIAL PRIVATE LIMITED
Other payments to them · Equity dividend paid
₹9 cr
company paid
URVASHI TILAKDHAR
Paid them for services · Salary and bonus including contributions made to Provident fund. Post employment defined benefit plan Gr a tui ty, Compensated, Public deposit received
also owns 10.28% of the company
₹5 cr
company paid
ALOK BANSIDHAR SHRIRAM
Paid them for services · Sa l a r i e s and bonus,gratuity,compesated absences, equity dividend
also owns 10.28% of the company
₹5 cr
company paid
ALOK BANSIDHAR SHRIRAM
Other payments to them · Sa l a r i e s and bonus,gratuity,compesated absences, equity dividend
also owns 10.28% of the company
₹3 cr
company paid
Kanika Shriram
Other payments to them · Rent Expenses, Interest Expenses
₹88.7 L
company paid
AKSHAY DHAR
Other payments to them · Salary and bonus including contributions made to Provident fund. Post employment defined benefit plan Gr a tui ty, Compensated, remuneration
₹66.4 L
company paid
Rudra Shriram
Other payments to them · Interest Expenses, Salaries
₹58.7 L
company paid
URVASHI TILAKDHAR
Other payments to them · Salary and bonus including contributions made to Provident fund. Post employment defined benefit plan Gr a tui ty, Compensated, Public deposit received
also owns 10.28% of the company
₹40.7 L
company paid
Aditi Dhar
Other payments to them · Equity dividend paid, Public deposits received
₹11.5 L
company paid
Divya Shriram
Other payments to them · Equity dividend paid
also owns 4.19% of the company
₹0.02 L
company paid

The company also transacted with 22 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.