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DCMSHRIRAM - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 02 Feb 26, 01:08 pm

Fundamental Rating: 3.7

Stock Code DCMSHRIRAM Market Cap 17,971 Cr. Current Price 1,153 ₹ High / Low 1,502 ₹
Stock P/E 26.6 Book Value 464 ₹ Dividend Yield 0.78 % ROCE 10.8 %
ROE 8.07 % Face Value 2.00 ₹ DMA 50 1,195 ₹ DMA 200 1,196 ₹
Chg in FII Hold 0.01 % Chg in DII Hold 0.07 % PAT Qtr 237 Cr. PAT Prev Qtr 168 Cr.
RSI 44.5 MACD -19.1 Volume 15,566 Avg Vol 1Wk 42,484
Low price 903 ₹ High price 1,502 ₹ PEG Ratio -1.41 Debt to equity 0.30
52w Index 41.8 % Qtr Profit Var -4.77 % EPS 41.1 ₹ Industry PE 22.8

📊 Core Financials

  • Revenue & Profit Growth: Quarterly PAT rose from 168 Cr. to 237 Cr., but YoY profit variation shows -4.77%, indicating inconsistency.
  • Profit Margins: ROE at 8.07% and ROCE at 10.8% are modest, reflecting average efficiency.
  • Debt Ratios: Debt-to-equity at 0.30 shows moderate leverage, manageable but not negligible.
  • Cash Flows: Dividend yield at 0.78% provides limited shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 26.6 vs Industry PE of 22.8, suggesting slight premium valuation.
  • P/B Ratio: Current Price 1,153 ₹ / Book Value 464 ₹ ≈ 2.48, reasonable valuation.
  • PEG Ratio: -1.41, reflecting weak or negative growth expectations.
  • Intrinsic Value: Estimated fair value around 1,050–1,100 ₹, making current price slightly above fair zone.

🏢 Business Model & Competitive Advantage

  • DCM Shriram operates in diversified sectors including chemicals, fertilizers, sugar, and agribusiness.
  • Competitive advantage lies in diversified portfolio and strong presence in rural/agri markets.
  • Exposure to cyclical industries (sugar, fertilizers) adds volatility to earnings.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 1,050–1,100 ₹, closer to intrinsic value and near support levels.
  • Long-Term Holding: Suitable for long-term investors seeking diversified exposure, but modest returns and cyclical risks require cautious entry.

✅ Positive

  • Diversified business model across chemicals, fertilizers, and agribusiness.
  • Moderate debt-to-equity ratio (0.30), manageable leverage.
  • Quarterly PAT improvement from previous quarter (168 Cr. → 237 Cr.).

⚠️ Limitation

  • ROE (8.07%) and ROCE (10.8%) are modest compared to peers.
  • PEG ratio negative, reflecting poor growth visibility.
  • Stock trading below DMA 50 and DMA 200, showing weak momentum.

📉 Company Negative News

  • Profit variation (-4.77%) indicates earnings inconsistency.
  • Technical indicators (RSI 44.5, MACD -19.1) show bearish sentiment.

📈 Company Positive News

  • FII (+0.01%) and DII (+0.07%) holdings increased slightly, showing marginal institutional support.
  • Quarterly PAT growth sequentially reinforces operational strength.

🏭 Industry

  • Industry PE at 22.8, lower than DCM Shriram’s 26.6, suggesting slight overvaluation.
  • Agribusiness and chemicals sector growth supported by government initiatives and rising rural demand.

🔎 Conclusion

  • DCM Shriram is a diversified player with moderate leverage and stable operations.
  • Valuation is slightly stretched compared to industry peers, and modest return ratios limit attractiveness.
  • Best suited for long-term investors with cautious entry around 1,050–1,100 ₹; accumulation strategy recommended for exposure to cyclical agribusiness and chemicals growth.

I can also expand on seasonal demand cycles in fertilizers and sugar to show how they impact DCM Shriram’s earnings if you’d like.

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