DCM Shriram Limited (DCMSHRIRAM) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of DCM Shriram Limited stock ₹920, price ₹903, upside +1.9%, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹472.12 – ₹1,457 · fair‑value band ₹496.82 – ₹1,487 · the ₹903.15 price screens below the ₹920.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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DCM Shriram Limited, together with its subsidiaries, engages in chemicals and vinyl, sugar, and value-added businesses in India and internationally.
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The company operates through Chemicals and Vinyl, Sugar and Ethanol, Fenesta building system, Shriram Farm solutions, Fertiliser, Bioseed, and Others segments.
It offers caustic soda lye and flakes, chlorine, compressed hydrogen, and hydrogen peroxide, as well as associated chemicals comprising hydrochloric acid, stable bleaching powder, aluminium chloride, and sodium hypochlorite; and poly-vinyl chloride, carbide, and chlor alkali products.
The company also manufactures PVC resins and compounds, and calcium carbide; urea; potash; windows, doors, and facade systems under the Fenesta brand; provides solutions in uPVC and system aluminium windows, WPC and engineered wood doors, and façade systems; sugar and ethanol, as well as engages in the co-generation of power; and produces cement.
In addition, it offers a range of agri-inputs, such as seeds, pesticides, specialty plant nutrition products, and crop care chemicals through a network of distributors; hybrid seeds for field and vegetable crops, corn, and paddy; and operates fuel outlets.
The company was incorporated in 1989 and is based in New Delhi, India. DCM Shriram Limited operates as a subsidiary of Sumant Investments Pvt Ltd.
Stock analysis
DCM Shriram Limited (DCMSHRIRAM) currently trades at ₹903.15, while our model-based Fair Value estimate is ₹920.25, so the stock looks roughly fairly valued today (gap 1.9%).
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Valuation
Bull case: the Multiples group reads highest at a median of ₹1,196 per share, and 3 of the 13 models we run sit above the ₹903.15 price.
Bear case: the Dividend Discount group reads lowest at ₹106.76, and 10 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹496.82 (bear) to ₹1,487 (bull), the price of ₹903.15 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
DCM Shriram Limited reported revenue of ₹135B in FY2026 versus ₹96.3B in FY2022, a compound +8.9%/yr. Reported net income was ₹8.5B in FY2026, compounding −5.4%/yr from FY2022.
Key figures
Market cap ₹141B (≈ $1.5B) Small · P/E ratio 11.4 · P/S ratio 0.97 · EPS (TTM) ₹79.09 · Dividend yield 1.2% · Net margin 9.5% · Return on equity 17.6% · Return on assets (EBIT) 20.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at 2%, DCMSHRIRAM screens richer than that median.
Fair Value models
Bear₹496.82Fair Value ₹920.25Bull₹1,487
Price ₹903.15 · Upside +1.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹42.22 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Growth DCF₹156.93₹239.26₹338.8978
Owner Earnings₹132.64₹213.88₹318.8976
Residual Income₹391.57₹413.81₹470.7176
All 13 models by family
DCF Models
Owner Earnings₹132.64₹213.88₹318.8976
5Y P/E Exit₹388.14₹733.94₹1,11669
10Y P/E Exit₹276.01₹511.25₹826.2662
Earnings-Based
Graham-Dodd₹374.71₹1,477₹2,00664
Lynch FV₹431.66₹616.66₹801.6561
Dividend Discount
Gordon GGM₹68.01₹108.28₹135.4969
DDM Multi-Stage₹68.01₹105.24₹116.9567
Multiples
P/E Multiple₹702.57₹936.77₹1,17163
P/B Multiple₹1,092₹1,456₹1,82055
Asset-Based
NCAV (Graham)₹242.61₹325.09₹485.2154
Growth DCF
Growth DCF₹156.93₹239.26₹338.8978
Rev-Margin DCF₹350.94₹652.21₹1,02071
Economic Profit
Residual Income₹391.57₹413.81₹470.7176
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
Start year 2021 (pandemic). Over 10 years: +8.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.6%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.6% vs 11.4%, slowing
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 7%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+43.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +37.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Conglomerates · 349 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+1.9% · Below median
Profitability
Return on equity (12 months)17.6% · Top 25%
Return on assets6.0% · Top 25%
Net margin (12 months)9.5% · Above median
Operating margin (12 months)4.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)27.7% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is DCM Shriram Limited (DCMSHRIRAM) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹920.25 versus a price of ₹903.15, about +2% upside (fairly valued).
What is the fair value of DCMSHRIRAM?
Our model-based fair value for DCM Shriram Limited is ₹920.25 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹903.15.
What is the quality score of DCMSHRIRAM?
DCM Shriram Limited has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DCM Shriram Limited (DCMSHRIRAM)?
Our model-based price target is the fair value of ₹920.25 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario ₹496.82, optimistic scenario ₹1,487. It is a calculation from audited fundamentals, not an analyst target.
What is the DCM Shriram Limited stock forecast for 2026?
Our models put fair value at ₹920.25, about +2% upside versus a price of ₹903.15 (fairly valued). Cautious scenario ₹496.82, optimistic scenario ₹1,487. The calculation is refreshed regularly with new filings.
What is the revenue of DCM Shriram Limited (DCMSHRIRAM)?
DCM Shriram Limited reported trailing-twelve-month revenue of about ₹145B (latest available figure, as of Nov 8, 2026).
Does DCM Shriram Limited pay a dividend?
DCM Shriram Limited currently shows a dividend yield of 1.17% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of DCM Shriram Limited (DCMSHRIRAM) and when is the ex-dividend date?
DCM Shriram Limited pays a dividend of ₹10.60 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Oct 30, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 13.4% of earnings. Free cash flow covers the dividend 1.53 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into DCM Shriram Limited (DCMSHRIRAM)?
For today's price to be fair in a discounted-cash-flow model, DCM Shriram Limited would have to grow free cash flow by +43.4 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of DCMSHRIRAM use?
Our models discount DCM Shriram Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For DCM Shriram Limited that is +43.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has DCM Shriram Limited (DCMSHRIRAM) delivered so far?
Over the past 5 years revenue at DCM Shriram Limited grew +10.3 % a year. The price currently implies free-cash-flow growth of +43.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of DCM Shriram Limited (DCMSHRIRAM) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into DCM Shriram Limited (+43.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DCM Shriram Limited (DCMSHRIRAM)?
The free-cash-flow yield on the price is 1.78 %: that much free cash flow DCM Shriram Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DCM Shriram Limited (DCMSHRIRAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DCM Shriram Limited it is ₹920.25 per share (as of Nov 8, 2026), against a price of ₹903.15. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is DCM Shriram Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DCMSHRIRAM trades below its calculated fair value: price ₹903.15, fair value ₹920.25, a gap of about +2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DCMSHRIRAM?
No. The price is what the market pays today (₹903.15); the fair value is what the company's own numbers justify (₹920.25). For DCM Shriram Limited the two are ₹17.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is DCM Shriram Limited worth?
The market values DCM Shriram Limited at about ₹141B (market capitalisation, as of Nov 8, 2026). Per share that is ₹903.15; our models calculate a fair value of ₹920.25 per share.
What do the bullish and bearish scenarios say about DCMSHRIRAM?
Our models span a range for DCM Shriram Limited: cautious scenario ₹496.82, base ₹920.25, optimistic ₹1,487 per share (as of Nov 8, 2026, price ₹903.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DCMSHRIRAM?
DCM Shriram Limited trades at a price-to-earnings ratio of 11.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹920.25 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 12.2. Other multiples: P/B 1.8, P/S 1.0, EV/EBITDA 10.4.
How solid is the balance sheet of DCM Shriram Limited (DCMSHRIRAM)?
Balance-sheet figures for DCM Shriram Limited (as of Nov 8, 2026): return on equity 17.6%, debt of 0.21 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is DCMSHRIRAM from its 52-week high?
DCM Shriram Limited trades at ₹903.15, about 29% below its 52-week high of ₹1,279 and 3% above the low of ₹874.00 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹920.25 is for.
Which stocks are comparable to DCM Shriram Limited?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CITIC Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DCM Shriram Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹903.15, calculated fair value ₹920.25 (+2%), Quality Score 56/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DCMSHRIRAM calculated?
We run DCM Shriram Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹920.25 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. DCM Shriram Limited currently trades 2% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DCM Shriram Limited (DCMSHRIRAM)?
The closing price on Nov 9, 2026 was ₹903.15. Our model-based fair value is ₹920.25, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DCM Shriram Limited right now?
The model range is unusually wide (₹496.82 to ₹1,487). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of DCM Shriram Limited (DCMSHRIRAM) come from?
Earnings per share at DCM Shriram Limited grew +7.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.2 %, EBIT margin −7.4 %, tax rate −1.9 %, residual (interest, one-offs) +7.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of DCM Shriram Limited
How large is the market capitalisation of DCM Shriram Limited (DCMSHRIRAM)?
The market capitalisation of DCM Shriram Limited is ₹141B (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DCM Shriram Limited (DCMSHRIRAM)?
The price-to-sales ratio of DCM Shriram Limited is 0.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DCM Shriram Limited (DCMSHRIRAM)?
Earnings per share at DCM Shriram Limited are ₹79.09 (price ÷ EPS = P/E 11.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DCM Shriram Limited (DCMSHRIRAM)?
The dividend yield of DCM Shriram Limited is 1.2% (payout 13.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DCM Shriram Limited (DCMSHRIRAM)?
The net margin of DCM Shriram Limited is 9.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DCM Shriram Limited (DCMSHRIRAM)?
The return on equity (ROE) of DCM Shriram Limited is 17.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DCM Shriram Limited (DCMSHRIRAM)?
On an EBIT basis the return on assets of DCM Shriram Limited is 20.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DCM Shriram Limited (DCMSHRIRAM)?
The operating margin of DCM Shriram Limited is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DCM Shriram Limited (DCMSHRIRAM)?
Revenue at DCM Shriram Limited is growing +27.7% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DCM Shriram Limited (DCMSHRIRAM)?
Earnings per share at DCM Shriram Limited are growing −33.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DCM Shriram Limited (DCMSHRIRAM) carry?
The net debt of DCM Shriram Limited is ₹20.7B (fiscal year 2026, ≈ 8.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026