DCM Shriram share price today

DCM Shriram Ltd's share price was ₹895.30 at the close on 3 November 2026. It has been falling for 21 weeks. That is 15.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹874 and ₹1,269, and at that close it sat 5% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today DCM Shriram Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +627% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 10 quarters in a row, profit fell in the September 2026 quarter and lowest operating margin in 8 quarters.

1. Revenue up on a year earlier for 10 quarters in a row

   In the September 2026 quarter revenue was ₹3,977 crore, +21.5% on a year earlier.

   Why: Revenue rose because the vinyl business sold more PVC and carbide at better prices. Fertilizer also earned more, mostly because higher gas costs pushed up the prices it charges.

   From the earnings call on 28 Oct 2026.

2. Profit fell in the September 2026 quarter

   Profit was ₹106 crore, -33.3% on a year earlier (₹159 crore), after 2 quarters of growth.

3. Lowest operating margin in 8 quarters

   Operating margin was 7% in the September 2026 quarter, against 9% a year earlier.

   Why: The margin shrank because chemical costs rose faster than chemical selling prices, with coal for caustic soda still getting dearer.

   Next results: check whether the chlorine price keeps improving from its negative level, because that was partly making up for lower caustic prices.

   From the earnings call on 28 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), DCM Shriram reported revenue of ₹3,977 crore, up 21.5% from ₹3,272 crore a year earlier, and a profit of ₹106 crore, down 33.3% from ₹159 crore.

DCM Shriram results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

DCM Shriram's management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

DCM Shriram closed at ₹895.30 on 3 November 2026, down 30.1% from ₹1,281.20 a year earlier (31 October 2025) and down 9.5% over five years. Its highest weekly close since March 2016 was ₹1,408.20 on 18 July 2025.

DCM Shriram share price: then and now

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 3 November 2026.

3 Nov 2026: DCM Shriram closed at ₹895.30, down 7.2% on the week and down 1.3% on the month. 30 Oct 2026: ex-date for an interim dividend of ₹4 a share.

Earlier

• 28 Oct 2026: DCM Shriram held its results call for July to September 2026. Management guided: 40MW peak solar plant at Kota for ₹145 crore for cost and carbon optimisation.
• Results for July to September 2026: Revenue up 21.5% and profit down 33.3% on a year earlier.
• 31 Jul 2026: ex-date for a dividend of ₹4 a share.
• 23 Jan 2026: ex-date for an interim dividend of ₹3.60 a share, record date 24 Jan 2026.

DCM Shriram paid ₹11.60 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 1.30% at the ₹895.30 close on 3 November 2026. The last was an interim dividend of ₹4 a share, ex-date 30 October 2026.

DCM Shriram dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. DCM Shriram Ltd paid out 21% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 4 November 2026.

On the call for July to September 2026, held on 28 October 2026, DCM Shriram's management guided: 40MW peak solar plant at Kota for ₹145 crore for cost and carbon optimisation.

“what has really happened is that the cost of production has gone up in this quarter in the range of about 6% to 8% across the chemistries, and selling prices have come down in the range of around 4% to 6%.”Management, on the call for July to September 2026

What management guided

• Filter presses in Kota cement for ₹60 crore plus Bharuch-Kota electrolyser debottleneck for ₹120 crore lifting efficiency and caustic capacity.
• Specialty PVC, medical-grade and halogen-free flame-retardant compound lines in Shriram Teknor JV for ₹133 crore, equity up to ₹50 crore.
• Kota 32-33MW renewable tranche fully commissioning within days, aiming for around one-third power from renewables next year.
• Fenesta aluminium extrusion Phase II under installation and commissioning with wooden doors addition by Q4.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

When DCM Shriram reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Chlorine realisation path from flagged less-negative level and captive ramp supporting caustic utilisation into next quarter.

DCM Shriram is on 3 of our India lists: Undervalued stocks, 52 week high & low and Small & mid cap stocks.

DCM Shriram Ltd earned ₹106 Cr of net profit in the Sep 2026 quarter, −33.3% on the same quarter a year earlier. Full-year FY26 profit was ₹856 Cr. Over 10 years profit has grown 11.0% a year on average. That is 2.7% of the quarter's revenue. The same quarter a year earlier earned ₹159 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹856 Cr (+41.7% on the year before).

Why profit moved: revenue changed +21.5% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +140.8% and revenue +13.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

DCM Shriram Ltd reported ₹3,977 Cr of revenue in the Sep 2026 quarter, +21.5% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 8.9% a year on average. The last full year, FY26, came in at ₹13,538 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹14,545 Cr.

FY26 revenue was ₹13,538 Cr, +12.1% on the year before.

Recent pace: the last four quarters grew +13.8% on average, against 8.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +13.8%, against +13.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +93.7%, against +62.9% a year (accelerating).

DCM Shriram Ltd's operating margin was 7.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 19.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.1 percentage points on the year while gross margin changed −3.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 165% of DCM Shriram Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,234 Cr of operating cash against ₹856 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,240 Cr of spending on assets, free cash was −₹6.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 165% of profit came in as cash: the cash cycle got 17 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.9× depreciation over three years. The next section checks what that spending is building.

DCM Shriram Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 128 days in FY26, up from 111 days in FY21. It spent ₹3,569 Cr on assets over the last 3 years. Customers take 29 days to pay, and stock sits for 162 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹13,538 Cr, each day of that cycle ties up about ₹37.1 Cr, so roughly ₹4,748 Cr is tied up in the business at any time.

FY26: customers took 29 days to pay and stock sat for 162 days, about 5.3 months of sales sitting as stock, for a full cycle of 128 days, longer than FY21's 111.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 162 days. Customers pay about 29 days after that. Suppliers are paid at 64 days. Together that makes the 128-day cycle.

Spending on assets: ₹3,569 Cr over the last 3 years, against ₹1,215 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹571 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

DCM Shriram Ltd's P/E is 10.7×, in the middle of its own history: higher than 37% of past readings. Its usual P/E (the middle reading) is 12.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹88.46.