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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

Nov 29, 16:00
950.90 -9.30 (-0.97%)
Volume
AVERAGE VOLUME
5-Day
2,760
10-Day
3,606
30-Day
6,840
2,225
  • Prev. Close

    960.20

  • Open Price

    963.75

  • Bid Price (Qty.)

    945.00 (2)

  • Offer Price (Qty.)

    950.90 (9)

NSE Live

Nov 29, 15:57
953.15 -7.45 (-0.78%)
Volume
AVERAGE VOLUME
5-Day
26,459
10-Day
47,328
30-Day
74,715
37,850
  • Prev. Close

    960.60

  • Open Price

    960.60

  • Bid Price (Qty.)

    0.00 (0)

  • 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 glad to report a steady improvement in the company''s financial performance for the year 2015-16. This has been possible through a combination of favourable market conditions and improved internal efficiencies. Commodity prices in both Chemicals and Sugar businesses edged up to reflect their true cost of production. Realistic and proactive government policies ensured that the Sugar Industry''s health was restored and all segments in its value chain benefited. Consistent policies in the future are key to the long term growth of this industry. Given that both sugar and chemicals are traded freely across the world, cost competitiveness continues to be a focus area for us; and therefore our effort is to consistently be the least cost producer. The Agri Inputs business Fertilizers, Bioseed and Shriram Farm Solutions - were adversely affected due to unfavorable weather conditions for the second year in succession. Business swings were minimized through rigorous planning and limiting exposure to high inventory. It is hoped that the 2016 monsoon would be favourable as predicted; it will raise the growth prospects for the agri-input industry as well as improve farmer incomes. We continue to focus on strengthening our product offering led by strong in-house research and market development activities to achieve high growth in these businesses. We are happy to report that our Fenesta Windows business achieved PBT breakeven during the year. We are focusing on strong customer engagement and product innovation to drive volume growth in this business. We are undertaking a total capital investment of Rs.725 Crores in Chemical and Sugar businesses for long term growth and improvement in cost structures. Chemicals business will see substantial enhancement in capacity which will contribute to increasing both the top and bottom line. In Sugar, co- gen capacity is being added for improving business viability. All the projects will be fully commissioned in during the second half of the 201 6-1 7. A large part of the Capex is being financed through internal cash accruals and debt levels have been kept at prudent levels. With efficient cash management it has been possible to lower finance charges by approximately 20% as compared to last year. During the year the company successfully implemented the State of Art business operation software, S4/HANA. This is the latest platform launched by SAP worldwide and it will provide a competitive edge across all businesses. Our employees are our biggest resources and we continue to invest to further improve their competencies. The Company''s endeavor has always been to foster an environment which promotes innovation, learning and development, which will lead to growth of the company and employees. Your company remains committed towards ensuring highest standards of Corporate Governance. We continue to adopt best practices to ensure highest levels of accountability and transparency. As a responsible corporate citizen, we are conscious of the need to give back to society. We are actively engaged in several initiatives in this direction with particular emphasis on education, water conservation, skill development and improving rural incomes. We would like to take this opportunity to thank our stakeholders - members of the board, business associates, employees, suppliers, government agencies, lenders and shareholders - who have contributed to the growth and development of our company over the years. 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