DCM Shriram Industries Ltd
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BSE Code:
523369
NSE Code:
DCMSRMIND
Business Profile
Business Profile
A series of ISO 9000 certified DCM Shriram Industries Ltd was formed in 1990 after the restructuring of DCM group by combining five units of DCM group namely Sugar factory at Daurala, Distillery at Daural, Rayon tyrecord plant at Kota, Liquor Operations at Daurala and Aromatic Chemicals Plant at Daurala. The company is essentially a manufacturer of Sugar, Alcohol, Chemicals and Rayons.
The company has five manufacturing units in India. Daurala Sugar works is located at Daurala, UP where Sugar, Refined sugar, Pharma Grade Sugar, Alcohol, Potable Liquor and Aromatic Chemicals are manufactured. Products like Industrial Rayon, Nylon and Chemicals are manufactred at Shriram Rayons, Kota, Rajasthan. Daurala Organics manufactures Drug Intermediates and Fine Chemicals. DCM Hyundai Ltd and Daurala Food and Beverages (P) Ltd are Shriram\\\'s promoted companies. DCM Hyundai Ltd located at Pollivakkam, Tamil Nadu manufactures Dry Cargo Marine Freight Containers, Freight Containers for Trucks and Sheet and metal fabrications and Daurala F and B (P) Ltd is manufacturer of Scotch and Blended Whickies and Liqueurs.
The company had promoted ISO 9002 certified Daurala Organics Ltd in 1994 to manufacture high technology, high value drug intermediates.
Financials
DCM Shriram Industries has posted a 76.6% drop in net profit, to Rs 31.9 million for the quarter ended September 30, 2006 as compared to Rs 136.3 million for the quarter ended September 30, 2005.
Net sales declined by 18.67% to Rs 1414.1 million for the quarter ended September 30, 2006 from Rs 1738.6 million for the quarter ended September 30, 2005.
For the year ended March 31, 2006, the company`s net sales stood at Rs.7.03 billion, as against Rs.5.32 billion during the previous year. The company reported a net profit of Rs.0.29 billion, compared with a net loss of Rs. 0.18 billion during the previous corresponding period.
Recent Developments
19-NOV-07
Mefcom Capital Markets, on behalf of HB Stockholdings, issued a public announcement to the shareholders of DCM Shriram Industries.HB Stockholdings made an open offer to the shareholders of DCM Shriram Industries to acquire upto 3.5 million fully paid up equity shares of Rs 10 each, representing 22.88% of fully paid-up equity share capital at a price of Rs 70 a share payable in cash.