# DCM Shriram share price today (DCM Shriram Ltd, NSE: DCMSHRIRAM)

> DCM Shriram share price today: ₹903.55 at the NSE close on 4 November 2026, down 27.4% in a year. DCM Shriram (NSE: DCMSHRIRAM) is worth ₹14,090 crore, trades at a P/E of 10.8 and has closed between ₹874.00 and ₹1,268.50 over the past 52 weeks. > DCM Shriram Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. DCMSHRIRAM · Sugar · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/dcm-shriram-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹903.55 (−27.4% in a year)
- P/E: 10.8× (lower than 62% of the last 11 years)
- Revenue (Sep 2026): ₹3,977 Cr (+21.5% on a year ago)
- Profit (Sep 2026): ₹106 Cr (−33.3% on a year ago)
- Operating margin: 7.0% (−2.0 points on a year ago)
- ROCE: 12%, FY26
- ROIC: 10.4%, against a 12.0% cost of capital: −1.6 points

The main question: yearly earnings per share moved +41.2% while the share price moved −27.4%. ## What is the DCM Shriram share price today? DCM Shriram Ltd's share price was ₹903.55 at the close on 4 November 2026. It has been falling for 21 weeks. That is 14.5% 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 7% of the way up from that low. 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 +634% 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. ## What changed at DCM Shriram this quarter? 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. ## What are DCM Shriram's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹3,977 crore | ₹3,272 crore | +21.5% |
| Profit | ₹106 crore | ₹159 crore | −33.3% |
| Earnings per share | ₹6.72 | ₹10.13 | −33.7% |
| Operating margin | 7.0% | 9.0% | −2.0 points |

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.)

## What is the DCM Shriram share price history? DCM Shriram closed at ₹903.55 on 4 November 2026, down 27.4% from ₹1,243.90 a year earlier (7 November 2025) and down 8.7% 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹874.00 | +3.4% |
| 1 month ago · 1 Oct 2026 | ₹906.85 | −0.4% |
| 6 months ago · 8 May 2026 | ₹1,231.80 | −26.6% |
| 1 year ago · 7 Nov 2025 | ₹1,243.90 | −27.4% |
| 3 years ago · 3 Nov 2023 | ₹876.00 | +3.1% |
| 5 years ago · 4 Nov 2021 | ₹989.20 | −8.7% |
| 10 years ago · 4 Nov 2016 | ₹230.65 | +291.7% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹123.10 | +634.0% |
| Highest weekly close since March 2016 · 18 Jul 2025 | ₹1,408.20 | −35.8% |
| 52-week high (weekly close) · 21 Nov 2025 | ₹1,268.50 | −28.8% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹874.00 | +3.4% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on DCM Shriram? 4 Nov 2026: DCM Shriram closed at ₹903.55, up 3.4% on the week and down 0.4% 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. ## What dividend does DCM Shriram pay? DCM Shriram paid ₹11.60 a share in regular dividends in the 12 months to 5 November 2026 (3 payments), a yield of 1.28% at the ₹903.55 close on 4 November 2026. The last was an interim dividend of ₹4 a share, ex-date 30 October 2026. ### DCM Shriram dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 30 Oct 2026 | ₹4 | Interim | same day |
| 31 Jul 2026 | ₹4 | Dividend | same day |
| 23 Jan 2026 | ₹3.60 | Interim | 24 Jan 2026 |
| 3 Nov 2025 | ₹3.60 | Interim | same day |
| 5 Aug 2025 | ₹3.40 | Dividend | same day |
| 24 Jan 2025 | ₹3.60 | Interim | same day |
| 11 Nov 2024 | ₹2 | Interim | same day |
| 9 Jul 2024 | ₹2.60 | Dividend | same day |
| 6 Mar 2024 | ₹4 | Interim | same day |
| 18 Jul 2023 | ₹3.60 | Dividend | same day |
| 1 Feb 2023 | ₹5.80 | Interim | same day |
| 31 Oct 2022 | ₹4.60 | Interim | 1 Nov 2022 |
| 7 Jul 2022 | ₹4.90 | Dividend | 8 Jul 2022 |
| 24 Jan 2022 | ₹5.20 | Interim | 26 Jan 2022 |
| 26 Oct 2021 | ₹4.60 | Interim | 27 Oct 2021 |
| 8 Jul 2021 | ₹3.80 | Dividend | 9 Jul 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What did DCM Shriram management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/2442-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What to watch in DCM Shriram's next results? 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. - What to check (from the call)
- Chlorine realisation path from flagged less-negative level and captive ramp supporting caustic utilisation into next quarter. - PVC demand recovery post-monsoon at flagged price and import-support levels with seasonal strength test. - Calcium chloride second line and Fenesta Phase II commissioning against flagged installation windows plus ethanol allocation mix. ## Which stock lists is DCM Shriram on? DCM Shriram is on 3 of our India lists: Undervalued stocks, 52 week high & low and Small & mid cap stocks. - [Undervalued stocks Profit growth x: 1.9369747899159664](https://www.sectoralpha.in/markets/in/deep-value-stocks)
- [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 469](https://www.sectoralpha.in/small-cap-stocks-india)

## Is DCM Shriram profitable? 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. 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. ## How much revenue does DCM Shriram make, and is it growing? 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. 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). ## How much of every ₹100 of sales does DCM Shriram keep? 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. 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. ## Is DCM Shriram's profit turning into cash? 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. 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. ## Where does DCM Shriram's cash go? 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. 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. ## What is DCM Shriram's P/E ratio, and how does it compare with its own history? DCM Shriram Ltd's P/E is 10.8×, in the middle of its own history: higher than 38% 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. 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. Why the multiple is where it is: over the past year earnings per share moved +41.2% while the price moved −27.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −1.8% a year; about +10.5% a year came from earnings growth and about −12.3 percentage points from the multiple (the market paying less); over 10 years the price moved +14.6% a year; about +13.9% a year came from earnings growth and about +0.7 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the DCM Shriram business getting better or worse? DCM Shriram Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 11.7% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does DCM Shriram earn on its capital? DCM Shriram Ltd earned a ROCE of 12% in FY26. That is up from a low of 9% in FY24. Its return on capital used (ROIC) is 1.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 6.3% net margin and 0.96× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.3% net margin × 0.96× asset turnover × 1.83× leverage (assets divided by equity) ≈ 11.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.4% − 12.0% = −1.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does DCM Shriram have too much debt? DCM Shriram Ltd has total debt of ₹2,002 Cr against shareholder equity of ₹8,468 Cr as of Sep 2026, so its debt is 0.24× its equity, which is very little. Year by year, that ratio went from 0.29 in FY22 to 0.38 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the DCM Shriram shareholding pattern? No group of DCM Shriram Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved +0.2 points over the same period, to 4.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.7 points over 8 quarters, to 8.3%; Foreign institutions: +0.2 points over 8 quarters, to 4.0%; Promoters: +0.0 points over 8 quarters, to 66.5%. ## How far is DCM Shriram from balance-sheet trouble? For DCM Shriram Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does DCM Shriram rank in its industry? 57.2 out of 100, rank 3 of 21 in Sugar, with 100% of the evidence available. DCM Shriram Ltd scores 57.2 out of 100 against the 21 companies it is compared with in Sugar, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 21.4 + 15.4 + 18.1 + 2.3 = 57.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is DCM Shriram compared with? DCM Shriram ranks 3 of 21 Sugar companies on the 4-Factor Sector Score, with 57.2 out of 100. 1. [Andhra Sugars Ltd](https://www.sectoralpha.in/stocks/andhra-sugars-ltd) ANDHRSUGAR · losing its lead · Most evidence points up · 96% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/35 · Revenue 16.5% · Profit 100% · Operating margin change 3 points · 88% evidence Capital efficiency 13.8/25 · ROCE 8.4% · Operating margin 12% · 100% evidence Valuation 15.7/20 · P/E 9.1× · PEG 0.68 · 100% evidence Relative strength 6.1/20 · Lead over its industry -3% · Lead over NIFTY 500 -0.5% · 1 year -3.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 29.8 + 13.8 + 15.7 + 6.1 = 65.4 · What this means: Earnings are strong; relative strength in its sector is -3% and the one-year return is -3.3%. 2. [Dhampur Sugar Mills Ltd](https://www.sectoralpha.in/stocks/dhampur-sugar-mills-ltd) DHAMPURSUG · breaking out · Evidence leans up · 96% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.3/35 · Revenue 1.3% · Profit 36.3% · Operating margin change 1.3 points · 88% evidence Capital efficiency 9.6/25 · ROCE 6.4% · Operating margin 5.7% · 100% evidence Valuation 11.9/20 · P/E 14.6× · PEG 0.51 · 100% evidence Relative strength 18.8/20 · Lead over its industry 15.4% · Lead over NIFTY 500 17.9% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.3 + 9.6 + 11.9 + 18.8 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. DCM Shriram Ltd this page DCMSHRIRAM · quiet · Evidence leans up · 100% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 13.8% · Profit 93.7% · Operating margin change -2 points · 100% evidence Capital efficiency 15.4/25 · ROCE 11.5% · Operating margin 7% · 100% evidence Valuation 18.1/20 · P/E 10.4× · PEG 0.44 · 100% evidence Relative strength 2.3/20 · Lead over its industry -18.9% · Lead over NIFTY 500 -16.1% · 1 year -31.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.4 + 15.4 + 18.1 + 2.3 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Dhampur Bio Organics Ltd](https://www.sectoralpha.in/stocks/dhampur-bio-organics-ltd) DBOL · breaking out · Evidence leans up · 78% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 8% · Profit 100% · Operating margin change -0.1 points · 65% evidence Capital efficiency 7.7/25 · ROCE 5% · Operating margin 1.7% · 100% evidence Valuation 10.3/20 · P/E 30.5× · PEG n/a · 50% evidence Relative strength 17.2/20 · Lead over its industry 14% · Lead over NIFTY 500 16.4% · 1 year 48.7% · 100% evidence · 9 of 12 weeks ahead Exact sum: 21 + 7.7 + 10.3 + 17.2 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [EID Parry (India) Ltd](https://www.sectoralpha.in/stocks/eid-parry-indialtd) EIDPARRY · quiet · Evidence leans up · 63% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 15.7% · Profit -38.9% · Operating margin change -1 points · 83% evidence Capital efficiency 17.9/25 · ROCE 17% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 13.2× · PEG n/a · 50% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -23.7% · 1 year -44% · 25% evidence · 2 of 12 weeks ahead Exact sum: 16.8 + 17.9 + 11.9 + 7.9 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [M.V.K. Agro Food Product Ltd](https://www.sectoralpha.in/stocks/mvk-agro-food-product-ltd) MVKAGRO · basing · Evidence leans up · 64% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 127.3% · Profit 267.2% · Operating margin change -7.5 points · 88% evidence Capital efficiency 16.8/25 · ROCE 14.4% · Operating margin 10.8% · 100% evidence Valuation 9.6/20 · P/E 23.4× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -48.8% · 1 year -56.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 20.5 + 16.8 + 9.6 + 7.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Ugar Sugar Works Ltd](https://www.sectoralpha.in/stocks/ugar-sugar-works-ltd) UGARSUGAR · breaking out · Evidence leans up · 76% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Revenue -0.7% · Profit 100% · Operating margin change -0.7 points · 74% evidence Capital efficiency 11.0/25 · ROCE 9% · Operating margin -2.9% · 100% evidence Valuation 12.6/20 · P/E 16.7× · PEG 0.77 · 100% evidence Relative strength 10.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.2% · 1 year n/a · 25% evidence · 6 of 6 weeks ahead Exact sum: 19 + 11 + 12.6 + 10 = 52.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Dalmia Bharat Sugar & Industries Ltd](https://www.sectoralpha.in/stocks/dalmia-bharat-sugar-industries-ltd) DALMIASUG · leader · Evidence leans up · 96% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.4/35 · Revenue -5.2% · Profit -44.1% · Operating margin change -4.4 points · 88% evidence Capital efficiency 12.6/25 · ROCE 8.2% · Operating margin 5.1% · 100% evidence Valuation 11.8/20 · P/E 15.6× · PEG 0.55 · 100% evidence Relative strength 17.2/20 · Lead over its industry 14.9% · Lead over NIFTY 500 17.3% · 1 year 15% · 100% evidence · 12 of 12 weeks ahead Exact sum: 10.4 + 12.6 + 11.8 + 17.2 = 52 · What this means: Relative strength against the index is 17.3%, and revenue and profit growth are weak. 9. [DCM Shriram Industries Ltd](https://www.sectoralpha.in/stocks/dcm-shriram-industries-ltd) DCMSRIND · Evidence leans up · 76% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/43.75 · Revenue -3.7% · Profit -50% · Operating margin change -7.8 points · 88% evidence Capital efficiency 19.8/31.25 · ROCE 13.7% · Operating margin 0.9% · 100% evidence Valuation 15.7/25 · P/E 8.2× · PEG 0.5 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 16.4 + 19.8 + 15.7 = 51.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 10. [Triveni Engineering and Industries Ltd](https://www.sectoralpha.in/stocks/triveni-engineering-and-industries-ltd) TRIVENI · turning · Evidence leans up · 78% evidence 50.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 4% · Profit 29.1% · Operating margin change 1 points · 83% evidence Capital efficiency 12.2/25 · ROCE 9% · Operating margin 3.4% · 76% evidence Valuation 9.5/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 8.3/20 · Lead over its industry -2.7% · Lead over NIFTY 500 0.1% · 1 year 4.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.7 + 12.2 + 9.5 + 8.3 = 50.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Balrampur Chini Mills Ltd](https://www.sectoralpha.in/stocks/balrampur-chini-mills-ltd) BALRAMCHIN · leader · Evidence leans up · 96% evidence 50.2 out of 100 Growth Capital Valuation Relative
12. [Avadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/avadh-sugar-energy-ltd) AVADHSUGAR · leader · Evidence leans down · 88% evidence 49.2 out of 100 Growth Capital Valuation Relative
13. [Uttam Sugar Mills Ltd](https://www.sectoralpha.in/stocks/uttam-sugar-mills-ltd) UTTAMSUGAR · breaking out · Evidence leans down · 68% evidence 47.2 out of 100 Growth Capital Valuation Relative
14. [Dwarikesh Sugar Industries Ltd](https://www.sectoralpha.in/stocks/dwarikesh-sugar-industries-ltd) DWARKESH · breaking out · Evidence leans down · 84% evidence 45.2 out of 100 Growth Capital Valuation Relative
15. [Magadh Sugar & Energy Ltd](https://www.sectoralpha.in/stocks/magadh-sugar-energy-ltd) MAGADSUGAR · breaking out · Evidence leans down · 88% evidence 38.8 out of 100 Growth Capital Valuation Relative
16. [Davangere Sugar Company Ltd](https://www.sectoralpha.in/stocks/davangere-sugar-company-ltd) DAVANGERE · Too little evidence to rank firmly · 59% evidence 38.5 out of 100 Growth Capital Valuation Relative
17. [Bajaj Hindusthan Sugar Ltd](https://www.sectoralpha.in/stocks/bajaj-hindusthan-sugar-ltd) BAJAJHIND · breaking out · Most evidence points down · 63% evidence 34.1 out of 100 Growth Capital Valuation Relative
18. [Shree Renuka Sugars Ltd](https://www.sectoralpha.in/stocks/shree-renuka-sugars-ltd) RENUKA · quiet · Most evidence points down · 71% evidence 33.4 out of 100 Growth Capital Valuation Relative
19. [Bannari Amman Sugars Ltd](https://www.sectoralpha.in/stocks/bannari-amman-sugars-ltd) BANARISUG · quiet · Most evidence points down · 96% evidence 29.7 out of 100 Growth Capital Valuation Relative
20. [Godavari Biorefineries Ltd](https://www.sectoralpha.in/stocks/godavari-biorefineries-ltd) GODAVARIB · quiet · Most evidence points down · 71% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. [Zuari Industries Ltd](https://www.sectoralpha.in/stocks/zuari-industries-ltd) ZUARIIND · quiet · Too little evidence to rank firmly · 49% evidence 43.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Sugar](https://www.sectoralpha.in/sectors/sugar), all 21 compared on one page. ## Which companies are close to DCM Shriram in size? DCM Shriram is the largest of 21 Sugar companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Balrampur Chini Mills, EID Parry (India), Triveni Engineering and Industries, Bajaj Hindusthan Sugar, Bannari Amman Sugars and Shree Renuka Sugars. ### Sugar companies close in size

1. DCM Shriram Ltd ₹13,629 crore
2. [Balrampur Chini Mills Ltd](https://www.sectoralpha.in/stocks/balrampur-chini-mills-ltd) ₹12,476 crore
3. [EID Parry (India) Ltd](https://www.sectoralpha.in/stocks/eid-parry-indialtd) ₹10,685 crore
4. [Triveni Engineering and Industries Ltd](https://www.sectoralpha.in/stocks/triveni-engineering-and-industries-ltd) ₹4,965 crore
5. [Bajaj Hindusthan Sugar Ltd](https://www.sectoralpha.in/stocks/bajaj-hindusthan-sugar-ltd) ₹4,122 crore
6. [Bannari Amman Sugars Ltd](https://www.sectoralpha.in/stocks/bannari-amman-sugars-ltd) ₹3,888 crore
7. [Shree Renuka Sugars Ltd](https://www.sectoralpha.in/stocks/shree-renuka-sugars-ltd) ₹3,693 crore

[All 21 Sugar companies, largest first](https://www.sectoralpha.in/sectors/sugar#all-companies)

### Companies close in size in other industries

1. [Sky Gold & Diamonds Ltd](https://www.sectoralpha.in/stocks/sky-gold-diamonds-ltd) ₹13,678 crore · Diamond, Gems & Jewellery
2. [L T Foods Ltd](https://www.sectoralpha.in/stocks/l-t-foods-ltd) ₹13,664 crore · FMCG - Rice
3. DCM Shriram Ltd ₹13,629 crore
4. [ESDS Software Solution Ltd](https://www.sectoralpha.in/stocks/esds-software-solution-ltd) ₹13,596 crore
5. [Usha Martin Ltd](https://www.sectoralpha.in/stocks/usha-martin-ltd) ₹13,588 crore · Steel - Wires

## What else do people ask about DCM Shriram? ### What is DCM Shriram's share price today? DCM Shriram Ltd's share price is ₹903.55, −27.4% over the past year. The whole company is worth ₹14,090 Cr on the market. In the last 52 weeks it traded between ₹874 to ₹1,269; today it is 7% of the way up from the low, 14.5% below its 200-day average (as of 4 November 2026). ### What were DCM Shriram's latest quarterly results? DCM Shriram Ltd reported revenue of ₹3,977 Cr and net profit of ₹106 Cr for the Sep 2026 quarter. Revenue rose 21.5% and profit fell 33.3% compared with a year earlier. Earnings per share were ₹6.72. The operating margin was 7.0%, 2.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is DCM Shriram's market cap? DCM Shriram Ltd's market capitalisation is ₹14,090 Cr at a share price of ₹903.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is DCM Shriram performing? DCM Shriram Ltd's share price has been falling for 21 weeks. In its latest quarter, revenue rose 21.5% and profit fell 33.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 4 November 2026). ### Will DCM Shriram's share price go up? This page does not forecast DCM Shriram Ltd's share price. What it shows instead: the share price is ₹903.55, and it has been falling for 21 weeks. Its P/E of 10.8× is higher than 38% of its own last 11 years (as of 4 November 2026). ### Who owns DCM Shriram? Promoters own 66.5% of DCM Shriram Ltd, foreign institutions 4.0%, domestic institutions 8.3% and the public 20.5% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 4 November 2026). ### Does DCM Shriram have too much debt? DCM Shriram Ltd has a moderate amount of debt: its debt is 0.38× its equity, and its operating profit is 9 times its interest bill. FY26 borrowings were ₹2,923 Cr against equity of ₹7,712 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is DCM Shriram in its business cycle? DCM Shriram Ltd's FY26 operating margin was 11.0%, against a 13-year range of 7.0% to 19.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 7.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the DCM Shriram story? The main question: yearly earnings per share moved +41.2% while the share price moved −27.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is DCM Shriram a stock worth studying right now? What the numbers show: DCM Shriram Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a DCM Shriram share price forecast for 2026? What management itself guided: 40MW peak solar plant at Kota for ₹145 crore for cost and carbon optimisation. ## Lists

- Undervalued stocks: https://www.sectoralpha.in/markets/in/deep-value-stocks
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.