DCM Shriram Limited — PPTs, 20-01-2026: Investor Presentation

DCM Shriram reported mixed Q3 FY26 results: revenue grew 13% YoY to Rs 3,811 Cr, but PAT declined 19% to Rs 213 Cr, with EPS at Rs 13.59. For the 9M period, revenue increased 12% to Rs 10,345 Cr and PAT rose 14% to Rs 485 Cr, with EPS at Rs 31.01.

Growth in Chemicals & Vinyl was volume-led, benefiting from new capacities and anti-dumping duty on epoxy resins, supporting its recent HSCL acquisition. Sugar & Ethanol saw higher prices and volumes, boosted by a Rs 36 Cr reversal of duty provision. Fenesta grew volumes but faced margin pressure from product mix and new platform investments. Shriram Farm Solutions delivered strong growth, especially in research wheat.

Strategically, the company is focusing on downstream chemical adjacencies, ramping up ECH & Epoxy capacities, and proposing a salt works acquisition for raw material security. Fenesta continues to expand its offerings. Management noted India's resilient economy amidst global uncertainty, with sugar margins dependent on government support for MSP and ethanol targets. The company declared an interim dividend of 180%.