DCM Shriram Limited
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BSE Code:
523367
NSE Code:
DCMSHRIRAM
Business Profile
Business Profile
Founded by Sir Shriram in 1889 (as DCM limited), today DCM Shriram Consolidated Limited ( DSCL) is managed by Mr. Ajay S. Shriram. DSCL is a diversified company with business in agri, chemicals, plastics, cement, textiles and energy services.The turnover of the company is Rs. 2540 Cr. The company has two broad operational thrusts: the energy intensive businesses (chloro-vinyl chain and cement) and the agri-businesses that cover urea, sugar, hybrid seeds and agri-merchandised inputs (DAP, MOP, SSP and pesticides). DSCL is also into value-added businesses of UPVC-based building systems, energy services and a rural retailing initiative called Hariyali Kisaan Bazaar.The Hariyali division of the company was awarded ?ACE-Best Customer Award? for successful implementation of the SAP IS retail package.
DSCL has manufacturing facilities in Rajasthan, Gujarat, Uttar Pradesh and Andhra Pradesh. The company`s subsidiaries are Bioseed Research, Vietnam, DCM ShriramAqua Foods Ltd, DCM Shriram International Ltd, DSCL Energy Services Co Ltd, etc. In 2005, DCM Realty Investment & Consulting Ltd (a 100% subsidiary) was merged into DSCL. DSCL has a tie-up with Zeon Kasei Company of Japan for PVC compounds. It has a MoU with Zurich Financial Services (ZFS) for life and non life insurance business and related support services in India.
DSCL has made significant contribution to the society in the fields of Environment, Health Care, Family Planning, Education, Cultural Heritage, Rural Development and in promoting. For its social contributions DSCL\\\'s Chlor-Alkali facility at Bharuch has been recognized with a SA 8000:2001 certification by RINA (Registro Italiano Navale), making it amongst the few companies in India to get this recognition
The company has recently launched value added UPVC window system business under the Fenesta TM brand in India. This product has very attractive design and insulation attributes that makes it strong business proposition as the concept is gaining acceptability
Financials
D C M Shriram Consolidated swung to a loss for the quarter ended in June 2007. During the quarter, the company experienced a loss of Rs 77.7 million as compared with a profit of Rs 301.40 million in the corresponding quarter of the previous year.Net Sales declined 9.41% to Rs 6164.90 million for the quarter ended June 2007 from Rs 6805.20 million for the quarter ended June 2006.Total income dipped 9.07% to Rs 6266 million, from Rs 6891.2 million for the quarter ended June 2006.The earnings per share (EPS) of the company stood at Rs 0.47 in the quarter ended June 2007 .
Recent Developments
19-MAR-08
DCM Shriram Consolidated (DSCL) acquired the entire stake of its JV partner (49%) in the hybrid seeds business which operates in India, Vietnam, Philippines and Thailand.
18-SEP-07
DSCL has declared final dividend at the rate of 20% for the year ended March 2007. It has been declared at the annual general meeting held on 24 August, 2007.
Future Plans
DSCL plans to set up 35 rural/semi-urban utility marts by the brand name `Hariyali Kisaan Bazaar Chain` over the next year, each involving an investment of Rs 20-30 million. Currently, there are 24 outlets spread over Northern India. DSCL plans to invest Rs. 9000 million between April 2004 to March 2007 towards expansion, of which Rs 5000 million will be towards increasing the group`s sugar capacity (crushing) from 11,000 to 33,000 TPD.