DCM Shriram Limited has informed the Exchange about Transcript
DCMSHRIRAM · price
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DCM Shriram reported Q1 FY26 net revenues of Rs. 3,262 crore, up 13% YoY, with PBDIT rising 19% YoY to Rs. 326 crore. The Chemicals business led growth, with revenue up 43% and PBDIT up 68%, driven by higher caustic soda volumes from the new 850 TPD facility and lower power costs. Sugar & Ethanol turned negative at Rs. 7 crore PBDIT due to lower domestic volumes and a one-time Rs. 36 crore provision for retrospective UP ethanol export duty. Management highlighted upcoming ECH plant commissioning, the Hindustan Specialty Chemicals acquisition for entry into epoxy resins, and a 53% stake buy in DNV Global. FY26 organic CAPEX is guided at Rs. 600-700 crore. Net debt stood at Rs. 1,481 crore with ROCE slightly lower at 13% versus 14%, as projects under implementation begin yielding returns.
Positive near-term for Chemicals segment on capacity ramp-up, but Sugar & Ethanol faces headwinds from the UP export duty and soft domestic demand. Anti-dumping duty on PVC could meaningfully boost vinyl margins by 4-5%. Watch ECH commissioning and corporate restructuring updates as near-term catalysts.