you are here:

DCM Shriram Ltd.

BSE: 523367 | NSE: DCMSHRIRAM |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE499A01024 | SECTOR: Diversified

BSE Live

Jan 21, 16:00
1059.80 -19.20 (-1.78%)
Volume
AVERAGE VOLUME
5-Day
26,944
10-Day
15,860
30-Day
8,122
11,472
  • Prev. Close

    1079.00

  • Open Price

    1055.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 21, 15:57
1057.15 -20.70 (-1.92%)
Volume
AVERAGE VOLUME
5-Day
392,246
10-Day
216,018
30-Day
106,816
87,192
  • Prev. Close

    1077.85

  • Open Price

    1068.00

  • Bid Price (Qty.)

    1057.15 (32)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2017 2016 2015 2014 2013 2012 2011 2010

Chairman's Speech

Dear Friends, We are happy to report satisfactory progress during the year in strengthening the operating and financial performance of the company. This has resulted in substantial improvements in all financial parameters over the last 3 years (FY11 to FY13). 1. Net Sales going up by 33% to Rs. 5517 Crores. 2. EBITDA going up by 56% to Rs. 574 Crores. 3. PAT going up by 141% to Rs. 203 Crores. 4. Net Loans have come down from Rs.1943 Crores in March, 09 to Rs.1386 Crores on March, 13. The improved performance is driven by very strong focus on costs and turning around the non-performing/underperforming businesses over the last 3 years including: 1. ~120% growth in Turnover of Bioseed business and over 120% growth in Shriram Farm Solutions business (Excluding DAP/MOP) with corresponding growth in profits. 2. Increase in capacity utilization in Sugar business leading to ~ 83% growth in its revenues. 3. Increase in capacity utilizations in Chloro-Vinyl businesses with turnover up by 50% and PBIT margins also up from 22.7% to 29.6%. 4. Rationalization and Restructuring of Hariyali business leading to almost breakeven position in Q4 FY13. The positive movement in prices of some of our products particularly in FY13 also helped in better financial results. FY14 has started with some concerns with Sugar turning into negative margins due to substantial increase in Cane prices by Government of Uttar Pradesh at a time when Sugar prices have declined. The prices of Chloro-Vinyl products have also softened over last few months. The fertilizer business is under pressure due to non-revision in Urea retention prices since last 6-7 years. Given this scenario, your company is further strengthening its efforts towards cost rationalization and improving operating performance. This would include. 1. Increasing Cane crush and Sugar recovery in the Sugar business. 2. Improving Raw material/Power efficiency and costs in Chloro-Vinyl businesses. 3. Growing Bioseed and Shriram Farm Solutions business at ~30% p.a. over medium term. 4. Completing the rationalization/restructuring plan for Hariyali business to eliminate losses and encash the surplus capital employed. 5. Taking Fenesta business to faster growth and positive profits situation in next 2 years. Simultaneously, the Sugar industry and Fertilizer industry is perusing with the Government for more rational policy framework to make the industry healthy and Viable. We are confident that given the plans under implementation your company will continue to achieve satisfactory financial performance going forward. Further, we continue to invest in our people to keep them engaged and motivated. We continue to take steps to strengthen their competency levels that will help meet challenges in this economic scenario. The Company has always believed in doing business which will ensure accountability, transparency in all its activities, hence has always been focused on maintaining the highest standards of Corporate Governance. We will continue to strengthen these standards by adopting the best practices. The Company has always focused on being Corporate Citizen which includes carrying out business activities with social conscience and making substantial difference to communities and society in which we operate in. We would like to take this opportunity to thank all the members of the board, business associates, employees, vendors, suppliers, government agencies, lenders and shareholders who have always supported our progress across varied business. With their cooperation, we are confident of delivering superior value to all stakeholders. With best wishes, (VIKRAM S. SHRIRAM) (AJAY S. SHRIRAM) Vice Chairman & Chairman & Managing Director Sr. Managing Director