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DCM SHRIRAM INDUSTRIES LTD (DCMSRIND)

Miscellaneous · figures to Nov '26

Share price

Closing priceAdjusted for splits and bonus issues.

₹57.85 latest close · +49.9% over the last 90 sessions

₹40₹50₹60Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹40₹50₹60Jul 3Sep 4Nov 9

₹57.85 month-end · −66.6% over 12 months

₹50₹100₹150Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹50₹100₹150Nov '25May '26Nov '26

₹57.85 month-end · −65.0% over 3 years

₹100₹200Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹100₹200Nov '23May '25Nov '26

₹57.85 month-end · −33.8% since Dec '21

₹100₹200Dec '21Dec '22Dec '23Nov '24Nov '25Nov '26 ₹100₹200Dec '21Jun '24Nov '26

52-week range ₹31.90 to ₹176.00 · 1-year volatility 127.4%

Was the rally earned?

-67%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 17.3x to 8.3x); per-share earnings took off 22 points.
  • The share count barely moved.
Net profit growth: −22 pts. Points of the price return explained by net profit growing (or shrinking).−22 ptsNet profit growthP/E change: −45 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−45 ptsP/E changeShare price: −67%−67%Share priceNet profit growth: −22 pts. Points of the price return explained by net profit growing (or shrinking).−22ProfitP/E change: −45 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−45P/EShare price: −67%−67%Share price
Net profit growth-22 ptsNet profit fell about 30%, which lowers the price.
P/E change-45 ptsThe P/E fell from 17.3x to 8.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-65%share price, 3 yearsMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 20.3x to 8.3x); per-share earnings took off 9 points.
  • The share count barely moved.
Net profit growth: −9 pts. Points of the price return explained by net profit growing (or shrinking).−9 ptsNet profit growthP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56 ptsP/E changeShare price: −65%−65%Share priceNet profit growth: −9 pts. Points of the price return explained by net profit growing (or shrinking).−9ProfitP/E change: −56 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−56P/EShare price: −65%−65%Share price
Net profit growth-9 ptsNet profit fell about 14%, which lowers the price.
P/E change-56 ptsThe P/E fell from 20.3x to 8.3x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare with other companies

How rough has the ride been?

Maximum drawdown-86.2%not yet recovered
1-year volatility127.4%annualised
Volume spikes19last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2023202420252026−85.9% 0%−25%−50%−75%20242026−85.9%
Largest drawdowns

-86.2% (2024-06 peak to 2026-03 low, not yet recovered)

-50.1% (2022-04 peak to 2023-03 low, recovered 2023-08)

-25.8% (2024-02 peak to 2024-03 low, recovered 2024-05)

Most recent volume spikes

2026-11-02: 5.4x the 50-day median, price +0.8% that day

2026-10-30: 13.4x the 50-day median, price -3.6% that day

2026-10-29: 42.8x the 50-day median, price +15.8% that day

What is the price implying?

~0%annual earnings growth implied by the price

At a P/E of 5.9x, the price would imply about 0.3%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Earnings figures have not updated recently, so the company is left out of the lists.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹57.85
Market Cap
₹504 cr
Revenue (TTM)
₹1990 cr
ROE
6.7%
Operating Margin
1.8%
Debt / Equity
0.3x
Promoter Holding
50.1%
12M Momentum
-66.6%

52-week range

₹31.90₹176.00
18% of the way from its 52-week low to its high

Price risk

1Y volatility
127.4%

Balance sheet & cash

Interest cover
operating profit ÷ interest
3.9x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.44x
Share count, 1Y
unchanged

Per-share figures around a recent split, bonus issue or demerger may not yet be consistent.

Are profits backed by cash?

4 of 5checks within range1 near a threshold
Other income reliance27%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 27.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate34%Within range

Median quarterly effective tax rate over about 2.5 years: 34.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.44xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.44x (cash from operations ₹398 cr, net profit ₹276 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress6% of fixed assetsWithin range

Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, DIIs added 4.9 pts.
  • The number of shareholders fell from 61,430 to 57,681 (-6%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters50.1%50.1%0.0 pts
FIIs1.0%1.1%+0.1 pts
DIIs7.8%12.7%+4.9 pts
Public and others41.1%36.0%-5.1 pts

Number of shareholders

57,681shareholders-6% since Sep '23
57k59k60k62k Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 61,430
Dec '23: 61,706
Mar '24: 59,746
Jun '24: 59,739
Sep '24: 61,976
Dec '24: 60,582
Mar '25: 59,698
Jun '25: 58,981
Sep '25: 59,585
Dec '25: 56,969
Mar '26: 57,497
Jun '26: 57,681
 57k59k60k62k Sep '23Sep '24Sep '25Jun '26
Sep '23: 61,430
Dec '23: 61,706
Mar '24: 59,746
Jun '24: 59,739
Sep '24: 61,976
Dec '24: 60,582
Mar '25: 59,698
Jun '25: 58,981
Sep '25: 59,585
Dec '25: 56,969
Mar '26: 57,497
Jun '26: 57,681

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

Not enough comparable history to show analogs for this company yet.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

AGARWAL INDUSTRIAL CORPORATIONAGARIND
Process Industries
69%similar
market caprevenue growth
RAMA STEEL TUBESRAMASTEEL
Non-Energy Minerals
61%similar
operating marginrevenue growth
CAMLIN FINE SCIENCESCAMLINFINE
Process Industries
56%similar
operating marginrevenue
DHAMPUR BIO ORGANICSDBOL
Process Industries
55%similar
operating marginrevenue
VASCON ENGINEERSVASCONEQ
Industrial Services
54%similar
operating marginrevenue growth

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

26 events since Feb '22

  1. OctPriceVolume reached 246.4x its 50-day median on 2026-10-21; price +12.1% that day.
  2. SepPriceVolume reached 12.6x its 50-day median on 2026-09-25; price +4.8% that day.
  3. MayPriceVolume reached 5.1x its 50-day median on 2026-05-04; price +13.1% that day.
  4. MarPriceFell 86% from the Jun 2024 peak to the Mar 2026 low.
  5. OctPriceVolume reached 13.6x its 50-day median on 2025-10-01; price +5.3% that day.
  6. SepPriceVolume reached 6.6x its 50-day median on 2025-09-17; price +3.7% that day.
  7. JunResultsYear-on-year EPS growth turned negative.
  8. AprPriceVolume reached 8.5x its 50-day median on 2025-04-01; price +11.4% that day.
Show 18 earlier events
  1. MarInstitutionsFII + DII holding rose 4.3 pts over 1 quarter to 14.0%.
  2. DecPriceVolume reached 15.0x its 50-day median on 2024-12-10; price +10.4% that day.
  3. SepPriceVolume reached 5.9x its 50-day median on 2024-09-10; price +5.1% that day.
  4. MayPriceRegained the 2024-02 peak, 2 months after the low.
  5. MarPriceFell 26% from the Feb 2024 peak to the Mar 2024 low.
  6. FebValuationP/E crossed above the 90th percentile of its own history to date (18.6x).
  7. NovPriceVolume reached 10.7x its 50-day median on 2023-11-23; price +10.0% that day.
  8. SepResultsYear-on-year EPS growth turned positive.
  9. AugPriceRegained the 2022-04 peak, 5 months after the low.
  10. JulPriceVolume reached 31.1x its 50-day median on 2023-07-17; price +14.0% that day.
  11. JunResultsYear-on-year EPS growth turned negative.
  12. JunPriceVolume reached 9.6x its 50-day median on 2023-06-26; price +6.7% that day.
  13. MarPriceFell 50% from the Apr 2022 peak to the Mar 2023 low.
  14. JanPriceVolume reached 6.4x its 50-day median on 2023-01-09; price +7.3% that day.
  15. DecPriceVolume reached 9.5x its 50-day median on 2022-12-19; price +1.1% that day.
  16. AugPriceVolume reached 13.0x its 50-day median on 2022-08-30; price +7.3% that day.
  17. AprPriceVolume reached 9.2x its 50-day median on 2022-04-20; price +9.3% that day.
  18. FebPriceVolume reached 20.7x its 50-day median on 2022-02-02; price +12.6% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11—₹1990 cr6.7%—0.3x
2026-10—₹1990 cr6.7%—0.3x
2026-09—₹1990 cr6.7%—0.3x
2026-08—₹1990 cr6.7%—0.3x
2026-07—₹1990 cr6.7%—0.3x
2026-06—₹1990 cr6.7%—0.3x
2026-05—₹1990 cr6.7%—0.3x
2026-04—₹1990 cr6.7%—0.3x
2026-03—₹1990 cr6.7%—0.3x
2026-02—₹1990 cr6.7%—0.3x
2026-01—₹1990 cr6.7%—0.3x
2025-12—₹1990 cr6.7%—0.3x
2025-1117.3x₹1996 cr9.7%14.0%0.6x
2025-1017.3x₹1996 cr9.7%14.0%0.6x
2025-0916.4x₹1996 cr9.7%14.0%0.6x
2025-0813.6x₹2052 cr11.3%14.0%0.6x
2025-0714.5x₹2052 cr11.3%14.0%0.6x
2025-0614.3x₹2052 cr11.3%14.0%0.6x
2025-0512.4x₹2092 cr14.3%16.0%0.6x
2025-0413.4x₹2092 cr14.3%16.0%0.6x
2025-0312.0x₹2092 cr14.3%16.0%0.6x
2025-0211.0x₹2067 cr15.0%16.0%0.6x
2025-0112.2x₹2067 cr15.0%16.0%0.6x
2024-1213.1x₹2067 cr15.0%16.0%0.6x
2024-1113.4x₹2114 cr14.7%16.0%0.6x
2024-1013.1x₹2114 cr14.7%16.0%0.6x
2024-0914.5x₹2114 cr14.7%16.0%0.6x
2024-0815.3x₹2083 cr14.2%16.0%0.6x
2024-0716.5x₹2083 cr14.2%16.0%0.6x
2024-0616.1x₹2083 cr14.2%16.0%0.6x
2024-0517.1x₹2106 cr15.1%10.0%0.7x
2024-0416.6x₹2106 cr15.1%10.0%0.7x
2024-0314.7x₹2106 cr15.1%10.0%0.7x
2024-0218.6x₹2212 cr12.6%10.0%0.7x
2024-0117.8x₹2212 cr12.6%10.0%0.7x
2023-1214.7x₹2212 cr12.6%10.0%0.7x
2023-1120.3x₹2164 cr9.9%10.0%0.7x
2023-1015.4x₹2164 cr9.9%10.0%0.7x
2023-0918.5x₹2164 cr9.9%10.0%0.7x
2023-0818.5x₹2351 cr8.4%10.0%0.7x
2023-0716.9x₹2351 cr8.4%10.0%0.7x
2023-0611.5x₹2351 cr8.4%10.0%0.7x
2023-059.4x₹2123 cr9.8%11.0%0.8x
2023-049.2x₹2123 cr9.8%11.0%0.8x
2023-038.2x₹2123 cr9.8%11.0%0.8x
2023-028.4x₹2123 cr9.8%11.0%0.8x
2023-019.6x₹2123 cr9.8%11.0%0.8x
2022-129.6x₹2123 cr9.8%11.0%0.8x
2022-119.6x₹2123 cr9.8%11.0%0.8x
2022-1010.2x₹2123 cr9.8%11.0%0.8x
2022-0910.3x₹2123 cr9.8%11.0%0.8x
2022-0812.0x₹2123 cr9.8%11.0%0.8x
2022-0710.6x₹2123 cr9.8%11.0%0.8x
2022-069.9x₹2123 cr9.8%11.0%0.8x
2022-0512.0x₹1943 cr10.6%12.0%0.8x
2022-0415.2x₹1943 cr10.6%12.0%0.8x
2022-0312.4x₹1943 cr10.6%12.0%0.8x
2022-0212.4x₹1943 cr10.6%12.0%0.8x
2022-0112.3x₹1943 cr10.6%12.0%0.8x
2021-1211.7x₹1943 cr10.6%12.0%0.8x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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