DCM Shriram | Business Upturn

DCM Shriram enters tripartite agreement with new registrar and share transfer agent

Arunika Jain — Wed, 06 May 2026 11:55:59 +0000

DCM Shriram has announced the execution of a tripartite agreement involving the company, its former registrar and share transfer agent (RTA), MCS Share Transfer Agent Limited, and the new RTA, KFin Technologies Limited. The agreement was finalised on 4th May 2026, in compliance with Regulation 7(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This strategic move signifies a transition in the management of DCM Shriram‘s share transfer and registry services, ensuring a seamless transfer of responsibilities to KFin Technologies Limited. The company has made this information available on its official website for public access.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

DCM Shriram begins renewable power injection with 15 MW capacity

Business Desk — Mon, 04 May 2026 07:54:28 +0000

DCM Shriram has announced the commencement of renewable power injection at its Kota Complex, marking a significant milestone in its transition from coal-based energy. The company has initiated the injection of renewable power with an average capacity of approximately 15 MW. This development is part of the company’s strategic move to replace its existing 40 MW coal-based power with a Wind Solar Hybrid Renewable Power Project. The project, which has a total capacity of around 68 MW (with an average of 34 MW), is being executed through a Special Purpose Vehicle Company, JSW Renew Energy Thirty Two Limited.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

DCM Shriram announces joint venture with Teknor Apex to enhance polymer solutions

Yash Agarwal — Thu, 16 Apr 2026 11:08:32 +0000

DCM Shriram Ltd. has announced a strategic joint venture with Teknor Apex B.V., a subsidiary of Teknor Apex Company, to create a new entity named PolyTek. This collaboration aims to strengthen DCM Shriram‘s polymer compounds portfolio and expand its global partnerships in high-growth sectors.

The joint venture marks a significant milestone for DCM Shriram, as it combines Shriram Polytech’s domestic manufacturing capabilities in vinyl compounds with Teknor Apex’s global formulation expertise. The partnership is set to deliver high-performance and technically advanced specialty polymer solutions for diverse industrial applications.

India’s rapid growth as a manufacturing and consumption hub presents an opportunity for innovation-led growth in advanced polymer compounds. Through PolyTek, the joint venture will leverage India’s strategic position to enhance supply chain resilience and improve access to cutting-edge material technologies.

Ajay S Shriram, Chairman & Sr Managing Director of DCM Shriram Ltd., expressed that the partnership with Teknor Apex reflects the company’s strategic intent to build future-ready businesses by combining global expertise with strong domestic capabilities. He emphasised the joint venture’s aim to deliver high-performance products and solutions at scale.

Donald Wiseman, Chief Executive Officer of Teknor Apex, highlighted the collaboration’s potential to deliver high-performance solutions for Asia’s industrial ecosystem. He noted that the partnership provides immediate access to a well-established local platform and a strong manufacturing foundation.

The joint venture is committed to operational excellence, scale, sustainability, and responsible growth. PolyTek will focus on providing advanced polymer solutions that meet evolving customer needs while aligning with global environmental standards.

By integrating global innovation with local execution capabilities, the partnership is poised to accelerate growth, deepen customer engagement, and expand its footprint in one of the world’s most dynamic markets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

DCM Shriram commissions full capacity of epichlorohydrin plant in Gujarat

Kinjal — Wed, 01 Apr 2026 13:24:46 +0000

DCM Shriram has announced the successful commissioning of the remaining capacity of its Epichlorohydrin (ECH) plant located at its chemical complex in Jhagadia, Bharuch District, Gujarat. The company confirmed that the additional 17,000 tonnes per annum (TPA) capacity was commissioned on 1st April 2026 at 4:00 pm. This development brings the total capacity of the ECH plant to 52,000 TPA, marking the full commissioning of the facility.

The company had previously communicated the initial commissioning of the plant’s 35,000 TPA capacity in October 2025. The completion of this phase signifies a significant milestone for DCM Shriram in expanding its chemical production capabilities.

Epichlorohydrin is a key raw material used in the production of epoxy resins, which are widely used in coatings, adhesives, and other industrial applications. The full commissioning of the plant is expected to enhance DCM Shriram’s position in the chemical market by increasing its production capacity and meeting the growing demand for ECH.

The company has made this information available on its website for public access.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

DCM Shriram secures USD 90 million investment from IFC for sustainability-linked debentures

Business Desk — Fri, 13 Mar 2026 09:21:28 +0000

DCM Shriram Limited has announced a USD 90 million investment from the International Finance Corporation (IFC) through the issuance of Sustainability-Linked Non-Convertible Debentures. This move underscores the company’s commitment to sustainable growth.

The transaction aligns with the International Capital Market Associations’ Sustainability-linked Bond Principles and Loan Market Association’s Sustainability-linked Loan Principles. It is anchored in DCM Shriram’s new Sustainability-Linked Loan Framework, independently reviewed by CareEdge ESG, enhancing transparency and demonstrating the robustness of the company’s sustainability roadmap.

The proceeds from this issuance will be used to bolster DCM Shriram’s strategic initiatives and support long-term growth plans. IFC’s investment aims to expand the company’s downstream chemicals business, foster local value creation, and support rural job creation through capital expenditures in its agri businesses, which engage extensively with farmers.

Amit Agarwal, Group CFO & Executive Director of DCM Shriram, highlighted the transaction as a significant milestone for the company, marking a defining moment in its journey towards responsible growth and sustainable value creation. Imad N. Fakhoury, IFC Regional Division Director for South Asia, expressed IFC’s pleasure in supporting DCM’s growth, aligning with India’s Make in India and Atmanirbhar Bharat initiatives.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

DCM Shriram shares rally sharply 6% as company signs strategic MoU with Bayer to boost agri-innovation

Aman Shukla — Thu, 11 Dec 2025 03:55:23 +0000

DCM Shriram shares surged more than 6% after the company announced a strategic Memorandum of Understanding (MoU) with Bayer Crop Science Limited. The collaboration is aimed at accelerating innovation-led, sustainable, and farmer-centric solutions to strengthen India’s agricultural ecosystem. As of 9:24 AM, the shares were trading 5.92% higher at Rs 1,278.10.

Under this broad partnership framework, both companies will jointly explore opportunities to enhance the agri value chain through improved technologies, advanced crop inputs, and integrated advisory solutions. The focus areas include crop protection, seeds, specialty plant nutrition, biologicals, and digital advisory platforms—all of which are becoming essential pillars of modern, data-driven farming.

With Indian agriculture rapidly moving toward precision and sustainability, the alliance is expected to help farmers adopt better practices through digital tools that offer real-time insights and productivity support. The partnership also intends to work closely with farmer organisations to introduce initiatives tailored to local needs, particularly in soil health, carbon sequestration, and climate-resilient farming models.

As part of the MoU, the two companies will also evaluate collaborative opportunities in select segments of the chemicals business, further strengthening operational and technological synergies.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

DCM Shriram and Bayer Crop Science sign strategic MoU to advance sustainable agriculture in India

Aman Shukla — Wed, 10 Dec 2025 11:10:27 +0000

DCM Shriram Limited and Bayer Crop Science Limited have entered into a strategic Memorandum of Understanding (MoU) aimed at advancing India’s agricultural landscape through innovation-led, sustainable, and farmer-centric solutions. The collaboration sets a broad framework under which both organisations will work together to identify and develop opportunities that strengthen the country’s agri-ecosystem at multiple levels.

The partnership focuses on exploring synergies across agri-inputs, crop solutions, seeds, specialty plant nutrition, biologicals, and digital advisory platforms—areas that are becoming central to the evolution of modern farming. With agriculture increasingly reliant on data-driven decision making, the use of digital tools and advisory systems will play a significant role in improving crop productivity and supporting farmers with timely insights. As part of the MoU, both companies will also evaluate opportunities to jointly engage with farmer organisations and drive sustainable agriculture initiatives tailored to local needs. These efforts include pilots in soil health enhancement, carbon sequestration models, and integrated crop management practices, all of which are critical for building climate-resilient farming systems. Additionally, the collaboration will extend into assessing potential partnerships within select segments of the chemicals business, creating further room for operational and technological alignment.

By bringing together Bayer’s global leadership in advanced agricultural science and DCM Shriram’s strong rural footprint and integrated agri-business capabilities, the partnership aspires to deliver meaningful impact across India’s agricultural value chain.

DCM Shriram shares rally over 7% as Q2 revenue jumps 10.6% YoY to Rs 3,272 crore, Ebitda up 70.6%

Aman Shukla — Wed, 29 Oct 2025 04:01:40 +0000

DCM Shriram Ltd shares surged more than 7% in early trade on Wednesday after the company reported a strong set of numbers for the second quarter ended September 2025 (Q2 FY26). As of 9:29 AM, the shares were trading 6.83% higher at Rs 1,391.20.

The company’s revenue rose 10.6% year-on-year to ₹3,272 crore, compared to ₹2,957 crore in the same period last year. EBITDA jumped 70.6% to ₹309 crore from ₹181 crore, while margins improved sharply to 9.4% from 6.1%.

Net profit more than doubled to ₹158 crore, compared to ₹62.9 crore in Q2 FY25, reflecting strong operational performance across key business segments.

DCM Shriram also announced an interim dividend of ₹3.6 per share for its shareholders.

In today’s trade, the stock opened at ₹1,347, up from the previous close of ₹1,302.30. It hit an intraday high of ₹1,399 and a low of ₹1,325. Over the past 52 weeks, the stock has traded between ₹902.60 and ₹1,502.30.

DCM Shriram and Aarti Industries enter long-term chlorine supply agreement in Gujarat

Aman Shukla — Tue, 02 Sep 2025 11:18:08 +0000

DCM Shriram Ltd and Aarti Industries Ltd (AIL) have entered into a long-term strategic agreement for the supply of chlorine, further deepening their collaboration in the chemicals sector.

Under this partnership, DCM Shriram Chemicals will act as the exclusive supplier of chlorine from its Chlor-Alkali plant to Aarti Industries’ upcoming downstream chemicals facility at Zone IV, Jhagadia, Gujarat. To support this arrangement, the companies will build a state-of-the-art, jacketed underground chlorine pipeline connecting their plants. The pipeline has been designed with precision engineering to ensure maximum safety, operational reliability, and environmental protection.

Once fully operational, AIL is expected to purchase an additional 200 tonnes of chlorine per day, in addition to the existing 150 tonnes per day already being sourced from DCM Shriram Chemicals.

Speaking about the development, Mr. Sabaleel Nandy, ED and CEO of DCM Shriram Chemicals, said: “This agreement marks a milestone in strengthening the trust and collaboration between DCM Shriram and Aarti Industries. By committing long-term chlorine supply through world-class infrastructure, we are reinforcing our leadership in safe, sustainable, and reliable chemical integration. It also helps us enhance our ‘indirect chlorine integration,’ a key factor in maximizing value and optimizing caustic soda capacity utilization.”

Echoing this sentiment, Mr. Suyog Kotecha, CEO of Aarti Industries Ltd, added: “This partnership is based on mutual synergies to support cost-effective manufacturing of critical chemicals. Chlorine is vital to our value chain, and securing it through a dedicated pipeline ensures both reliability and efficiency. With this project at Zone IV, Jhagadia, we are building on our earlier experience at Zone II, while continuing our focus on long-term supply security, operational safety, and sustainability.”

DCM Shriram shares slip over 2% despite strong Q1 results

Aman Shukla — Tue, 22 Jul 2025 04:12:47 +0000

DCM Shriram shares slipped over 2% in morning trade on Tuesday, despite the company posting solid growth across key financial metrics for the quarter ended June 30, 2025 (Q1 FY26). As of 9:40 AM, the shares were trading 2.01% lower at Rs 1,360.70.

The consolidated net profit rose 13% year-on-year to ₹113.82 crore, up from ₹100.3 crore in Q1 FY25. Revenue from operations saw a 12.4% increase to ₹3,455.18 crore, compared to ₹3,073 crore in the corresponding period of the previous fiscal. On the operational front, earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 22.2% to ₹303.5 crore, while EBITDA margins improved to 8.8%, up from 8% a year ago.

Segment-wise, the company generated ₹3,441.9 crore through product sales and ₹13.28 crore from other operating income, pushing total income to ₹3,477.4 crore. However, total expenses also climbed, reaching ₹3,307.24 crore, largely driven by higher raw material costs amounting to ₹1,087.31 crore and power and fuel costs of ₹466.22 crore.

Profit before tax stood at ₹170.16 crore, slightly higher than ₹158.33 crore reported in the same period last year. After accounting for a tax expense of ₹56.34 crore, profit after tax attributable to owners came in at ₹113.38 crore, while ₹0.44 crore was attributed to non-controlling interests.

DCM Shriram shares opened at ₹1,379.00 and touched a high of ₹1,408.40 during the day. The stock also hit a low of ₹1,357.00. Its 52-week high stands at ₹1,474.90, while the 52-week low is ₹902.60.

DCM Shriram shares surge 10% as Q4 EBITDA rises 53% YoY to Rs 405.3 crore

Aman Shukla — Tue, 06 May 2025 03:54:10 +0000

DCM Shriram Ltd. witnessed a 10% jump in its stock price during morning trade following the release of impressive Q4 FY25 earnings. As of 9:21 AM, the shares were trading 9.37% higher at Rs 1,112.30.

The company reported a 51.9% year-on-year rise in consolidated net profit, reaching ₹178.9 crore, up from ₹117.8 crore in Q4 FY24. This surge is attributed to robust growth across all business segments, which helped boost both revenue and margins.

For the March quarter, DCM Shriram’s revenue rose 19.9% to ₹2,876.7 crore, compared to ₹2,399.3 crore in the same period last year. The company’s operating performance also showed remarkable improvement, with EBITDA growing by 52.8% to ₹405.3 crore, compared to ₹265.3 crore in Q4 FY24.

EBITDA margin for the quarter expanded significantly to 14.1% from 11.1% in the previous year, driven by better realizations and operational efficiencies. These strong results reflect the company’s improved cost management and market position.

DCM Shriram shares opened at ₹1,088.85 and reached a high of ₹1,126.95, with a low of ₹1,067.50 during the trading session. The stock is currently trading below its 52-week high of ₹1,371.10 and well above its 52-week low of ₹886.35.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

DCM Shriram to assess restructuring and reorganization plans for Agri Inputs and Building Materials divisions

Aditya Bhagchandani — Tue, 04 Mar 2025 07:00:24 +0000

DCM Shriram Limited has announced that its Board of Directors has decided to evaluate restructuring and reorganization options for its Agri Inputs and Building Materials businesses, along with other potential business changes, to drive strategic growth and unlock shareholder value.

Key Highlights from the Board Meeting (March 4, 2025):

The company operates across multiple independent business verticals, including:
- Chemicals
- Vinyl
- Sugar
- Agri Inputs (Shriram Farm Solutions, Bioseed & Fertilizer)
- Building Materials (Fenesta)
The board recognized that these businesses have unique risks, cyclicality, and regulatory frameworks, requiring a focused approach.

Objectives of the Potential Restructuring:

Strategic growth with optimal capital structure
Leveraging strengths of each business independently
Unlocking shareholder value through reorganization

To explore these possibilities, the Board has constituted a Committee that will assess and recommend restructuring options. Any decision will undergo thorough evaluation, board approval, and regulatory consent.

Next Steps & Regulatory Filings:

Necessary announcements and disclosures will be made as per SEBI regulations once decisions are finalized.
The full details will be available on the company’s website: DCM Shriram Investor Notices.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.

DCM Shriram announces second interim dividend for FY25 – Check dividend rate, record date, payment date and other details

Aditya Bhagchandani — Sat, 18 Jan 2025 15:44:02 +0000

DCM Shriram Limited has announced the declaration of its second interim dividend for the financial year 2024-25. The decision was approved by the company’s Board of Directors in a meeting held on January 18, 2025.

Key Details of the Dividend:

Dividend Rate: 180% or ₹3.60 per equity share of ₹2 face value each.
Record Date: January 24, 2025.
Payment Date: The interim dividend will be paid or dispatched to all eligible shareholders on or before February 16, 2025.

This announcement reflects the company’s commitment to rewarding its shareholders while maintaining financial discipline. Shareholders are advised to check their eligibility based on the record date and ensure updated details with their respective depositories.

DCM Shriram Limited has reported robust financial performance for the quarter ended December 31, 2024, with notable growth in both revenue and profit despite challenging market conditions.

Key Financial Highlights (₹ in Crores):

Revenue from Operations: ₹3,518.89 crore
- Up 12.1% YoY (₹3,137.54 crore in Q3 FY24)
- Up 12.4% QoQ (₹3,130.09 crore in Q2 FY25)
Total Income: ₹3,559.98 crore
- Up 12.2% YoY (₹3,172.65 crore in Q3 FY24)
Profit Before Tax (PBT): ₹385.52 crore
- Down 1.1% YoY (₹388.77 crore in Q3 FY24)
- Up 302% QoQ (₹95.77 crore in Q2 FY25)
Net Profit (PAT): ₹262.14 crore
- Up 9% YoY (₹240.48 crore in Q3 FY24)
- Up significantly QoQ (₹62.92 crore in Q2 FY25)

Disclaimer: The above information is for informational purposes only and does not constitute financial advice. Please consult a professional advisor for investment decisions.

DCM Shriram Q3 Results: PAT rises 9% YoY to Rs 262.14 crore, Revenue grows 12% YoY

Aditya Bhagchandani — Sat, 18 Jan 2025 15:38:38 +0000

DCM Shriram Limited has reported robust financial performance for the quarter ended December 31, 2024, with notable growth in both revenue and profit despite challenging market conditions.

Key Financial Highlights (₹ in Crores):

Revenue from Operations: ₹3,518.89 crore
- Up 12.1% YoY (₹3,137.54 crore in Q3 FY24)
- Up 12.4% QoQ (₹3,130.09 crore in Q2 FY25)
Total Income: ₹3,559.98 crore
- Up 12.2% YoY (₹3,172.65 crore in Q3 FY24)
Profit Before Tax (PBT): ₹385.52 crore
- Down 1.1% YoY (₹388.77 crore in Q3 FY24)
- Up 302% QoQ (₹95.77 crore in Q2 FY25)
Net Profit (PAT): ₹262.14 crore
- Up 9% YoY (₹240.48 crore in Q3 FY24)
- Up significantly QoQ (₹62.92 crore in Q2 FY25)

Management Commentary:

In a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, highlighted the company’s performance amidst global economic uncertainties. Key points from their message include:

Economic Landscape: Global economic growth for 2025 is projected to be modest, with geopolitical and inflationary challenges. In India, GDP growth is forecasted at 6.5% in FY26.
Chemicals Segment: Increased demand and the commissioning of projects like H2O2 and aluminum chloride at Bharuch enhanced profitability. Upcoming chlorine downstream projects are expected to strengthen utilization further.
Sugar Business: Facing margin pressures due to rising production costs; the industry is lobbying for higher export allowances and MSP for sugar.
Ethanol and Bio-Energy: Positive outlook with the Loni capacity expansion online and a CBG project set to launch next quarter.
Fenesta Business: Continued growth with a focus on developing new revenue platforms, including hardware.
Farm Solutions: New product launches have been well-received, driving the segment’s growth.

Disclaimer: The above information is for informational purposes only and does not constitute financial advice. Please consult a professional advisor for investment decisions.

DCM Shriram shares jump 2% after Rs 57.12 crore investment in renewable energy project

Aman Shukla — Tue, 10 Dec 2024 04:23:21 +0000

DCM Shriram shares surged over 2% after the company announced a ₹57.12 crore investment in a wind-solar hybrid renewable energy project.

The investment will see DCM Shriram acquire a 28% stake in JSW Renew Energy Thirty Two Limited, supporting the development of a 68 MW renewable energy facility. This initiative aligns with the company’s goal to shift from coal-based power to greener energy solutions, replacing its existing 40 MW coal-powered plant.

The renewable project is expected to provide an average supply of 34 MW of power, with a total investment made in stages, and completion slated for March 2026.

DCM Shriram shares opened at ₹1,088.00 and reached a high of ₹1,115.90, low of ₹1,088.00 during trading. The stock is currently far from its 52-week high of ₹1,371.10, and closer to its 52-week low of ₹832.40.

As of 9:52 am, DCM Shriram shares were trading 2.18% higher at Rs 1,108.50 on the NSE.

DCM Shriram to invest Rs 57.12 crores in 68 MW renewable energy project with JSW Renew Energy

Matrika Shukla — Mon, 09 Dec 2024 11:32:32 +0000

DCM Shriram Limited has announced a ₹57.12 crore investment in a wind-solar hybrid renewable energy project. The company has entered into a definitive agreement with JSW Renew Energy Thirty Two Limited, acquiring a 28% stake in the entity to support the development of a 68 MW renewable power project. This initiative is part of DCM Shriram’s strategy to transition from coal-based energy to greener, more sustainable solutions.

The project will replace the company’s existing 40 MW coal-based power with 68 MW of renewable energy, providing an average supply of 34 MW. The total investment of ₹57.12 crores will be made in tranches, with the project slated for completion by March 2026.

The renewable energy facility, spearheaded by JSW Renew Energy Thirty Two Limited, was incorporated in August 2024. The initiative aligns with DCM Shriram’s sustainability goals while enhancing energy efficiency and reducing carbon emissions.

The collaboration reflects the growing importance of renewable energy in industrial operations. It reinforces DCM Shriram’s commitment to supporting India’s renewable energy mission and advancing its sustainability roadmap.

DCM Shriram completes expansion of Loni Sugar plant in Uttar Pradesh

Aman Shukla — Tue, 19 Nov 2024 05:51:17 +0000

DCM Shriram has successfully completed the expansion of its Loni Sugar plant in Uttar Pradesh, significantly increasing its cane crushing capacity.

The plant’s capacity has been raised from 7,300 TCD (Tons of Cane per Day) to an impressive 9,400 TCD. This expansion aligns with the company’s strategy to enhance production capabilities and meet growing market demand for sugar.

In the exchange filing, the company shared, “In furtherance of our earlier letter dated 30.10.2023 and pursuant to Regulation 30 of the SEBI Regulations, 2015, it is hereby informed that 2100 TCD expansion of Sugar Plant at Loni Unit, Uttar Pradesh, by increasing cane crushing capacity from 7300 TCD to 9400 TCD, has been achieved at 12:00 midnight on November 19th 2024. This expansion will growth-capture cane potential within catchment area of the Company.”

DCM Shriram commissions 300 TPD Flexi-fuel Flaker Plant at Jhagadia Facility

Aditya Bhagchandani — Thu, 17 Oct 2024 07:21:10 +0000

DCM Shriram Ltd. has successfully commissioned a 300 TPD Flexi-fuel Flaker Plant at its Jhagadia facility in Bharuch, Gujarat, on October 17, 2024. This marks a significant step in the company’s efforts to improve operational efficiency and sustainability. The new plant is designed to allow for multiple fuel choices, offering greater flexibility and contributing to improved sustainability measures.

Additionally, the company has announced that a second identical flaker plant is in the final stages of completion and is expected to be commissioned in the next quarter. This expansion will enhance the company’s export capabilities by allowing it to access distant markets more efficiently.

The installation of this state-of-the-art plant aligns with DCM Shriram’s ongoing commitment to sustainability, aiming to improve both operational efficiency and environmental responsibility across its chemical business.

DCM Shriram Q4 PAT down by 53% with Revenue Down 3% YoY

Sakshi Vats — Tue, 02 May 2023 14:42:49 +0000

DCM Shriram, a mid-cap firm, has a market cap of Rs.13,589.14 crore during today’s closing session. Agri-rural, chlor-vinyl, and value-added enterprises are the main industries covered by DCM Shriram’s business portfolio.

The Board of Directors “recommended final dividend of 180% i.e. Rs.3.60 per Equity Share of face value of Rs.2/- each for the financial year ended 31.3.2023 and therefore, if the same is declared by shareholders at the upcoming AGM, the total dividend for the Financial Year 2022-23 aggregates to 700% i.e. Rs.14/- per Equity Share of Face Value of Rs. 2/- Each (including interim dividends @ 230% i.e. Rs.4.60 per equity share of Rs. 2/- and @ 290% i.e. Rs.5.80/- per equity share of Rs. 2/- each declared in the October, 2022 and January, 2023 respectively).This dividend shall be credited or distributed within 30 days of the date of the upcoming Annual General Meeting (AGM), if declared by the Shareholders at the AGM.”

The corporation has set July 25, 2023, as the date for its 34th Annual General Meeting.

In Q4FY23, the company reported revenue from operations of ₹2,720 crore, a decrease of 3% YoY from Q4FY22’s ₹2,796 crore. The company reported that its net profit fell by 53% YoY to 187 crore during the quarter under review from 401 crore during the same quarter last year. In Q4FY23, the company’s PBIT was 301 crore, a 50% YoY decrease from Q4FY22’s PBIT of 602 crore.

The chairman and senior managing director of the company, Mr. Ajay Shriram, and the vice chairman and managing director, Mr. Vikram Shriram, commented on the performance for the quarter and the period ending in March 2023, “The world economy is still recovering from the unprecedented disruptions in the last three years. It will take time for world trade to adapt to the new normal. Growth is expected to slow down especially in the advanced economies. Recession concerns have gained prominence, while worries about stubbornly high inflation persist. India continues to be in a sweet spot and will see healthy growth and so will our businesses.”

“The chloro-vinyl business delivered reasonable returns although they have come off their all-time highs witnessed last year. Though the output prices are expected to remain under pressure for a couple of quarters, the margins should be reasonable considering the captive energy costs likely to reduce in the coming quarters in view of reduced imported coal prices and commissioning of an efficient 120MW power plant and 50MW green power project for Bharuch by second quarter. In the coming year, Chemical business will usher a new era of growth with all the Chemical projects being commissioned. These projects are slightly delayed by a quarter given the supply constraints,” stated Ajay Shriram.

“Sugar business continues to be stable though sugar prices have not yet increased to levels to compensate for the increase in sugarcane prices last year. India’s crush and sugar production is expected to be much lower than last year and should support higher sugar prices domestically & globally. Our Sugarcane crush as well as recovery this season has been better than previous season. 120 KLD distillery is operational on molasses feedstock, the grain attachment is ready and awaiting regulatory approval, which is expected in Q1FY’24,” he continued.

“Fenesta & Shriram Farm Solution businesses continue to grow at a good rate. Sustainability measures in the areas of green power, circular economy and resource conservation continue to be an integral part of all our businesses. Our balance sheet & cash flows are healthy and will weather economic uncertainties. We are actively looking for more avenues at growth,” Ajay Shriram stated.

DCM Shriram’s shares closed at ₹819.10 a share on the BSE, up 0.18% from the previous close of ₹817.60.

Shriram City hikes FD rates by 15-25 bps

United News of India (UNI) — Thu, 19 May 2022 09:13:15 +0000

Mumbai, May 19: Shriram City Union Finance said it has hiked its fixed deposit rates by 15-25 basis points (bps) across different tenors. The increased rates apply to tenors between 36 and 60 months. The rates for 12-24 month tenors are unchanged. The rates have been raised for the 36-month tenor by 25 bps, 48-month tenors. By 20 bps and 60-month tenors by 15 bps. Also, an additional interest of 0.50 per cent per annum will be paid to senior citizen depositors. Up from 0.30 per cent earlier. The new rates come into effect from May 20.

(Except for the headline. This story has not been edited by Business Upturn staff and is published from a syndicated feed.)

DCM Shriram appoints Sandeep Girotra as its President and CHRO

News Desk — Wed, 25 Aug 2021 13:24:16 +0000

On Wednesday, DCM Shriram Ltd said it has appointed Sandeep Girotra as President and Chief Human Resources Officer (CHRO).

He will replace Sushil Baveja, executive director and CHRO, at DCM Shriram, who will retire on 31 October after 18 years of service. DCM Shriram is a business conglomerate with an interest in varied sectors including fertiliser, sugar, farm solution among others.

Girotra brings over 25 years of experience working across Indian and multinational companies in global and leadership roles, based out of India, Japan, Korea, the Middle East, and Singapore. Before joining DCM Shriram, Girotra was working with Xylem Incorporation as CHRO for three years in Singapore and was heading HR for emerging markets for Xylem, managing six regions.

The appointment of Girotra was effective from 24 August. “In the next few weeks, Sandeep will transition into the role of Sushil Baveja and will go through an extensive induction program across all locations/units of the company,” DCM Shriram said in a statement.

Girotra started his career with the DCM group in 1992. He comes with a wide array of exposure across industries like financial services, business process outsourcing, pharmaceuticals, chemical, and more. The role of HR managers assumed larger significance in recent years, especially after the pandemic.