Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q2 FY2027 Earnings Presentation
30 slides from Dcm Shriram's earnings presentation, Oct 26, 2026
Slide 1: DCM Shriram Limited Results Presentation Q2 FY 2027
DCM Shriram Limited Results Presentation Q2 FY 2027 October 26, 2026
Slide 2: Safe Harbour
Certain statements in this document may be forward-looking. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could Safe cause our actual results to diffe
Slide 3: Table of Contents
Table of Contents 01 DCM Shriram Q2 & H1 FY 2027 Segment wise Overview Results Performance Q2 FY 2027 • Overview 4 • Financial Snapshot 7 • Chemicals & Vinyl 16-20 • Our Businesses 5 • Revenue & PBDIT Drivers 8 • Sugar & Ethanol 21-23 • Management Message 6 • Segment Results 9 • Fenesta Building Sys
Slide 4: Overview – DCM Shriram Limited
Overview – DCM Shriram Limited KEY NUMBERS FOR FY 2025-26 12 Locations Net Revenue ₹135.4 bn PBDIT ₹16.9 bn (Net of excise duty) 6 6 0 9 Employees Agri Rural ( 5 6 %) (Sugar & Ethanol, Shriram Farm PAT ₹8.6 bn Solutions, Bioseed, Fertilizer) Chemicals & Vinyl (34%) Net Worth ₹76.6 bn 27% Total Energ
Slide 5: Our Businesses – Existing Facilities
Our Businesses – Existing Facilities Chemicals Building Agri & Vinyl Material Businesses Products Businesses Caustic Soda Sugar Fenesta Building Systems (2,749 TPD) (42,400 TCD) - uPVC Windows & Doors Hydrogen Peroxide (165 TPD) Co-Gen - System Aluminium (166 MW) Windows & Doors Epichlorohydrin - WP
Slide 6: Management's Message
Management’s Message Commenting on the performance for the quarter & half year ending September 2026, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: Today’s global economy is being rewritten by two convergi
Slide 7: Financial Snapshot – Q2 FY27
Financial Snapshot – Q2 FY27 All figures in Rs/Cr Q2 FY27 Q2 FY26 Net Revenue* PBDIT PAT 773 22% -22% -33% Net Debt (Rs/Cr) 3,977 408 159 917 3,272 319 15.0 106 ROCE (%) 12.2 Q2'26 Q2'27 Q2'26 Q2'27 Q2'26 Q2'27 • Board announced an interim dividend of 200% amounting to Rs. 62.38 crores. * Net revenu
Slide 8: Revenue & PBDIT Drivers – Q2 FY27
Revenue & PBDIT Drivers – Q2 FY27 All figures in Rs/Cr Q2 FY 2027 Q2 FY 2026 Chemicals Sugar & Ethanol* Fenesta SFS 10% 22% -10% 47% 1,343 1,023 344 471 933 423 283 913 -27% -38% 85% 15% 254 106 43 49 78 158 33 62 Revenue PBDIT Revenue PBDIT Revenue PBDIT Revenue PBDIT • ECU higher by 6% and caustic
Slide 9: Segment Results – Q2 FY27
Segment Results – Q2 FY27 All figures in Rs/Cr Revenues PBIT PBIT Margins % Segments YoY % YoY % Q2'27 Q2'26 Q2'27 Q2'26 Q2'27 Q2'26 Change Change Chemicals & Vinyl 1,577 1,108 42 134 201 (33) 8 18 - Chemicals 1,343 913 47 87 193 (55) 7 21 - Vinyl 234 195 20 46 7 536 20 4 Sugar & Ethanol* 1,023 933
Slide 10: Financial Snapshot – H1 FY27
Financial Snapshot – H1 FY27 All figures in Rs/Cr H1 FY27 H1 FY26 Net Revenue* PBDIT PAT** 15% -7% 193% 7,541 6,534 734 799 683 273 H1'26 H1'27 H1'26 H1'27 H1'26 H1'27 * Net revenue includes operating income. Net of excise duty of Rs 395 cr (LY Rs 354 cr) on country liquor sales. ** Includes Rs 474.
Slide 11: Revenue & PBDIT Drivers – H1 FY27
Revenue & PBDIT Drivers – H1 FY27 All figures in Rs/Cr H1 FY 2027 H1 FY 2026 Chemicals Sugar & Ethanol* Fenesta SFS 4% -5% 40% 22% 1,834 648 2,548 1,757 821 532 780 1,818 14% -18% -9% 214% 476 432 78 89 130 108 84 27 Revenue PBDIT Revenue PBDIT Revenue PBDIT Revenue PBDIT • ECUs were higher by 6% •
Slide 12: Segment Results – H1 FY27
Segment Results – H1 FY27 All figures in Rs/Cr Revenues PBIT PBIT Margins % Segments YoY % YoY % H1'27 H1'26 H1'27 H1'26 H1'27 H1'26 Change Change Chemicals & Vinyl 2,969 2,222 34 376 385 (2) 13 17 - Chemicals 2,548 1,818 40 292 361 (19) 11 20 - Vinyl 421 404 4 84 25 238 20 6 Sugar & Ethanol* 1,834
Slide 13: Investments Update – Key Investments completed
Investments Update TPA : Tonne Per Annum, TPD : Tonne Per Day, TCD – Tonne Crush per Day, MW - Megawatt Commissioning/ S.No. Particulars Completion Date 1 850 TPD Caustic Capacity Expansion at Bharuch May 2024 2 120 MW Power Plant at Bharuch June 2024 Key Investments completed 3 52,500 TPA Hydrogen
Slide 14: Investments under implementation
Investments Update TPA : Tonne Per Annum, TPD : Tonne Per Day, TCD – Tonne Crush per Day, MW - Megawatt Expected S.No. Particulars Completion Date Investments under implementation 1 Fenesta Aluminium Extrusion Plant at Kota (In Phases, Phase II) Q3 FY 2027 2 133 TPD Calcium Chloride (CaCl2) at Bharu
Slide 15: Segment Wise Performance
&S DCM SHRIRAM Growing with trust Segment Wise Performance
Slide 16: Chemicals & Vinyl Business
Chemicals & Vinyl Business Revenues PBDIT Cap. Employed Particulars (Rs/ Cr) (Rs/Cr) (Rs/Cr) Q2 FY27 1,576.7 208.9 5,638.5 Q2 FY26 1,108.4 266.8 5,104.0 % Shift 42.2 (21.7) 10.5 H1' 27 2,968.5 525.7 5,638.5 H1' 26 2,222.2 511.4 5,104.0 % Shift 33.6 2.8 10.5 Capital employed includes CWIP of Rs 222 c
Slide 17: Chemicals
Chemicals Operational Financial Caustic Sales ECU Realisations Revenues PBDIT Particulars PBDIT Margin (%) (MT) (Rs/MT) * (Rs/Cr) (Rs/Cr) Q2 FY27 2,07,167 32,774 1,342.9 157.7 11.7 Q2 FY26 2,02,325 31,020 913.1 254.5 27.9 % Shift 2.4 5.7 47.1 (38.0) (57.9) H1' 27 4,04,711 34,190 2,547.9 432.0 17.0 H
Slide 18: Chemicals
Chemicals ▪ Globally, the chemical industry is facing headwinds from volatile input costs & uneven demand across regions. ▪ Asia pacific region remains a strong volume driver, with India showing robust domestic consumption across key end use sectors Industry Overview like textiles, alumina and infra
Slide 19: Vinyl
Vinyl Operational Financial PVC XWR Carbide XWR PVC Sales Carbide Sales Revenues PBDIT PBDIT Margin Particulars Realisations Realisations (MT) (MT) (Rs/Cr) (Rs/Cr) (%) (Rs/MT) (Rs/MT) Q2 FY27 18,761 87,884 8,739 66,997 233.8 51.2 21.9 Q2 FY26 14,544 70,357 7,621 57,577 195.3 12.4 6.3 % Shift 29.0 24
Slide 20: Vinyl
Vinyl ▪ Higher feedstock costs & elevated PVC prices have dampened overall global demand. Industry Overview ▪ Indian PVC demand declined by 2% during H1 as monsoons slowed construction, while elevated prices forced buyers to de-stock and maintain minimal inventory. ▪ Capacity utilization in Q2 FY27
Slide 21: Sugar & Ethanol
Sugar & Ethanol Revenues * PBDIT PBDIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY27 1,023.0 61.6 6.0 2,522.4 Q2 FY26 933.0 33.4 3.6 2,860.3 % Shift 9.7 84.7 68.4 (11.8) H1' 27 1,834.2 83.7 4.6 2,522.4 H1' 26 1,757.0 26.7 1.5 2,860.3 % Shift 4.4 213.9 200.7 (11.8) * Net of exc
Slide 22: Sugar & Ethanol
Sugar & Ethanol Operational Sugar Sales Sugar (Domestic) Distillery Sales Distillery XWR (Rs/ Particulars (Domestic) XWR (Rs/Qtl) (Lac Ltrs) Ltrs) (Lac Qtls) Q2 FY27 14.0 4,606 474.2 62.1 Q2 FY26 14.9 4,046 383.6 58.8 % Shift (5.9) 13.8 23.6 5.6 H1' 27 25.3 4,397 886.2 60.7 H1' 26 27.1 4,055 794.4 6
Slide 23: Sugar & Ethanol
Sugar & Ethanol ▪ Revenues for Q2 FY27 up by 10% YoY (H1 FY27 up by 4%) o Domestic sugar volumes down 6% in Q2 FY27 (H1 FY27 down 7%). o Domestic Sugar prices for Q2 FY27 up at Rs 4,606/qtl vs Rs 4,046/ qtl LY (H1 FY27 also up 8% YoY). o Ethanol volumes in the current quarter were up by 24%, a timin
Slide 24: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues PBDIT PBDIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY27 356.7 344.4 49.4 14.3 328.1 Q2 FY26 489.2 283.3 43.1 15.2 155.8 % Shift (27.1) 21.6 14.6 (5.7) 110.5 H1' 27 640.2 647.5 89.0 13.7 328.1 H1' 26 7
Slide 25: Shriram Farm Solutions
Shriram Farm Solutions Revenues PBDIT PBDIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY27 423.1 78.0 18.4 (263.3) Q2 FY26 471.0 106.2 22.5 (231.0) % Shift (10.2) (26.5) (18.2) - H1' 27 780.4 107.6 13.8 (263.3) H1' 26 820.7 130.4 15.9 (231.0) % Shift (4.9) (17.5) (13.3) - The p
Slide 26: Fertilizer (Urea)
Fertilizer (Urea) Operational Financial Sales Realisations Revenues PBDIT PBDIT Margin Cap. Employed Particulars (MT) (Rs/MT) (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY27 1,02,524 47,191 501.9 25.0 5.0 482.7 Q2 FY26 1,05,904 32,406 357.4 20.0 5.6 149.5 % Shift (3.2) 45.6 40.4 25.1 (10.9) 223.0 H1' 27 2,06,51
Slide 27: Bioseed
Bioseed Revenues (Rs/Cr) PBDIT PBDIT Margin Cap. Employed Particulars Bioseed India Subsidiaries Total (Rs/Cr) (%) (Rs/Cr) Q2 FY27 69.5 3.8 73.4 (40.8) - 889.7 Q2 FY26 76.3 9.9 86.2 (6.6) - 659.4 % Shift (8.8) (61.3) (14.8) - - 34.9 H1' 27 245.1 38.0 283.2 (49.7) - 889.7 H1' 26 301.2 69.0 370.2 35.2
Slide 28: Others
Others Revenues PBDIT Particulars (Rs/Cr) (Rs/Cr) Q2 FY27 61.7 (6.3) Q2 FY26 55.5 (7.9) % Shift 11.1 - H1' 27 142.2 (11.0) H1' 26 133.0 (7.1) % Shift 7.0 - Other Businesses includes : 1. Cement Business : The Company’s cement business is located at Kota (Rajasthan) with manufacturing capacity of 4 l
Slide 29: Financials (Consolidated)
Financials (Consolidated) Amount in Rs/Cr Particulars Q2 FY 2027 Q2 FY 2026 H1 FY 2027 H1 FY 2026 FY 2026 Revenue from Operations 4150.8 3432.4 7935.5 6887.6 14263.9 Total Income 4178.3 3531.3 7990.6 7008.7 14460.2 PBDIT 318.8 407.9 683.0 733.7 1693.7 131.0 119.0 259.3 230.5 502.4 Depreciation and A
Slide 30: About Us & Investor Contacts
DCM Shriram Ltd. is a diversified and an integrated business entity with extensive and growing presence across the Agri value chain, Chemicals & Vinyl industry and Building Material Products. Access to captive power at all key manufacturing units enables the businesses to optimize competitive edge.