DCM Shriram Industries Limited (DCMSRIND) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of DCM Shriram Industries Limited stock ₹62.07, price ₹58.18, upside +6.7%, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 24 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 9, 2026.
How to read this chart
59‑month range ₹32.31 – ₹231.45 · fair‑value band ₹44.90 – ₹80.69 · the ₹58.18 price screens below the ₹62.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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DCM Shriram Industries Limited engages in the production and sale of sugar, alcohol, and power products in India and Nepal.
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It offers crystal sugar, breakfast, caster, icing, and bulk sugar; demerara pouches, cubes, and sachets; white sugar sachets and cubes; alcohol products, such as ethanol/anhydrous alcohol (AA), extra-neutral alcohol (ENA), rectified spirit, IMFL / IMIL, and country liquor for industrial, food and beverage, pharmaceutical, and ethanol blending program (EBP) sectors; alcohol by-products, as well as provides green power directly back to the power grid.
DCM Shriram Industries Limited was founded in 1889 and is based in New Delhi, India.
Stock analysis
DCM Shriram Industries Limited (DCMSRIND) currently trades at ₹58.18, while our model-based Fair Value estimate is ₹62.07, so the stock looks roughly fairly valued today (gap 6.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of ₹79.65 per share, and 12 of the 24 models we run sit above the ₹58.18 price.
Bear case: the Dividend Discount group reads lowest at ₹14.15, and 12 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹44.90 (bear) to ₹80.69 (bull), the price of ₹58.18 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 50/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
DCM Shriram Industries Limited reported revenue of ₹11.6B in FY2026 versus ₹21.1B in FY2022, a compound −13.9%/yr. Reported net income was ₹416M in FY2026, compounding −11.0%/yr from FY2022.
Key figures
Market cap ₹5.0B (≈ $53.5M) Micro · P/E ratio 19.5 · P/S ratio 0.43 · EPS (TTM) ₹2.98 · Dividend yield 3.6% · Net margin 2.8% · Return on equity 11.9% · Return on assets (EBIT) 14.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 80% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −13% fair-value upside, at 7%, DCMSRIND screens cheaper than that median.
Fair Value models
Bear₹44.90Fair Value ₹62.07Bull₹80.69
Price ₹58.18 · Upside +6.7%
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 (₹1.85 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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−43.1%
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.
−21.0%
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.
−9.1%
Start year 2021 (pandemic). Over 10 years: −0.5% a year
Revenue growth 20 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.
+2.6%
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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.
−5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.7%
Dividend (yield on the price)3.6%
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.−8.7% vs 2.1%, slowing
Profit margin 2021 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.3% → 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).
+20.9%
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 +16.1% a year for the price.
Compare DCM Shriram Industries Limited with another stock
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.Confectioners · 86 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Above median
Fair Value upside+6.7% · Above median
Profitability
Return on equity (12 months)11.9% · Top 25%
Return on assets2.9% · Above median
Net margin (12 months)2.8% · Above median
Operating margin (12 months)0.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)−41.1% · Bottom 25%
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Confectioners median · lower = cheaper
P/E (12 months)19.5× · Pricier than median
P/B1.37× · Pricier than median
P/S (12 months)0.43× · Cheaper than median
Price / free cash flow (fiscal year)12.6× · Pricier than median
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Is DCM Shriram Industries Limited (DCMSRIND) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of ₹62.07 versus a price of ₹58.18, about +7% upside (fairly valued).
What is the fair value of DCMSRIND?
Our model-based fair value for DCM Shriram Industries Limited is ₹62.07 (as of Nov 9, 2026), built from audited fundamentals. The current price: ₹58.18.
What is the quality score of DCMSRIND?
DCM Shriram Industries Limited has a Quality Score of 50/100. 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 Industries Limited (DCMSRIND)?
Our model-based price target is the fair value of ₹62.07 (as of Nov 9, 2026) from 24 valuation models. Cautious scenario ₹44.90, optimistic scenario ₹80.69. It is a calculation from audited fundamentals, not an analyst target.
What is the DCM Shriram Industries Limited stock forecast for 2026?
Our models put fair value at ₹62.07, about +7% upside versus a price of ₹58.18 (fairly valued). Cautious scenario ₹44.90, optimistic scenario ₹80.69. The calculation is refreshed regularly with new filings.
What is the revenue of DCM Shriram Industries Limited (DCMSRIND)?
DCM Shriram Industries Limited reported trailing-twelve-month revenue of about ₹11.6B (latest available figure, as of Nov 9, 2026).
Does DCM Shriram Industries Limited pay a dividend?
DCM Shriram Industries Limited currently shows a dividend yield of 3.61% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of DCM Shriram Industries Limited (DCMSRIND)?
DCM Shriram Industries Limited has a dividend yield of 3.6%.
What growth is priced into DCM Shriram Industries Limited (DCMSRIND)?
For today's price to be fair in a discounted-cash-flow model, DCM Shriram Industries Limited would have to grow free cash flow by +20.9 % 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 -9.1 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of DCMSRIND use?
Our models discount DCM Shriram Industries Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.31, 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 Industries Limited that is +20.9 % 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 Industries Limited (DCMSRIND) delivered so far?
Over the past 5 years revenue at DCM Shriram Industries Limited grew -9.1 % a year. The price currently implies free-cash-flow growth of +20.9 % 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 Industries Limited (DCMSRIND) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into DCM Shriram Industries Limited (+20.9 % 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 Industries Limited (DCMSRIND)?
The free-cash-flow yield on the price is 7.95 %: that much free cash flow DCM Shriram Industries 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 Industries Limited (DCMSRIND)?
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 Industries Limited it is ₹62.07 per share (as of Nov 9, 2026), against a price of ₹58.18. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is DCM Shriram Industries Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, DCMSRIND trades below its calculated fair value: price ₹58.18, fair value ₹62.07, a gap of about +7% (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 DCMSRIND?
No. The price is what the market pays today (₹58.18); the fair value is what the company's own numbers justify (₹62.07). For DCM Shriram Industries Limited the two are ₹3.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is DCM Shriram Industries Limited worth?
The market values DCM Shriram Industries Limited at about ₹5.0B (market capitalisation, as of Nov 9, 2026). Per share that is ₹58.18; our models calculate a fair value of ₹62.07 per share.
What do the bullish and bearish scenarios say about DCMSRIND?
Our models span a range for DCM Shriram Industries Limited: cautious scenario ₹44.90, base ₹62.07, optimistic ₹80.69 per share (as of Nov 9, 2026, price ₹58.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DCMSRIND?
DCM Shriram Industries Limited trades at a price-to-earnings ratio of 19.5 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹62.07 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2022 to 2026), reported earnings: 12.1. Other multiples: P/B 1.4, P/S 0.4, EV/EBITDA 6.4.
How solid is the balance sheet of DCM Shriram Industries Limited (DCMSRIND)?
Balance-sheet figures for DCM Shriram Industries Limited (as of Nov 9, 2026): return on equity 11.9%, debt of 0.10 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is DCMSRIND from its 52-week high?
DCM Shriram Industries Limited trades at ₹58.18, about 66% below its 52-week high of ₹172.89 and 80% above the low of ₹32.31 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹62.07 is for.
Which stocks are comparable to DCM Shriram Industries Limited?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, 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 Industries Limited stock attractive at the current price?
The data as of Nov 9, 2026: price ₹58.18, calculated fair value ₹62.07 (+7%), Quality Score 50/100, from 24 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 DCMSRIND calculated?
We run DCM Shriram Industries Limited through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹62.07 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 14.0% above its aggregate fair value. DCM Shriram Industries Limited currently trades 6% 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 Industries Limited (DCMSRIND)?
The closing price on Nov 11, 2026 was ₹58.18. Our model-based fair value is ₹62.07, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DCM Shriram Industries Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of DCM Shriram Industries Limited (DCMSRIND) come from?
Earnings per share at DCM Shriram Industries Limited grew +5.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.1 %, EBIT margin +9.9 %, tax rate −1.9 %, residual (interest, one-offs) −5.3 %. 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 Industries Limited
How large is the market capitalisation of DCM Shriram Industries Limited (DCMSRIND)?
The market capitalisation of DCM Shriram Industries Limited is ₹5.0B (≈ $53.5M). 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 Industries Limited (DCMSRIND)?
The price-to-sales ratio of DCM Shriram Industries Limited is 0.43 (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 Industries Limited (DCMSRIND)?
Earnings per share at DCM Shriram Industries Limited are ₹2.98 (price ÷ EPS = P/E 19.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DCM Shriram Industries Limited (DCMSRIND)?
The dividend yield of DCM Shriram Industries Limited is 3.6% (payout 70.5%). 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 Industries Limited (DCMSRIND)?
The net margin of DCM Shriram Industries Limited is 2.8% (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 Industries Limited (DCMSRIND)?
The return on equity (ROE) of DCM Shriram Industries Limited is 11.9% (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 Industries Limited (DCMSRIND)?
On an EBIT basis the return on assets of DCM Shriram Industries Limited is 14.1% (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 Industries Limited (DCMSRIND)?
The operating margin of DCM Shriram Industries Limited is 0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DCM Shriram Industries Limited (DCMSRIND)?
Revenue at DCM Shriram Industries Limited is growing −41.1% versus a year earlier (3y avg −21.0%). 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 Industries Limited (DCMSRIND)?
Earnings per share at DCM Shriram Industries Limited are growing −90.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DCM Shriram Industries Limited (DCMSRIND) carry?
The net debt of DCM Shriram Industries Limited is ₹3.9B (fiscal year 2026, ≈ 9.8 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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Thin data
Nov 9, 2026