Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q2 FY2025 Earnings Presentation
28 slides from Dcm Shriram's earnings presentation, Oct 30, 2024
Slide 1: DCM Shriram Limited Results Presentation Q2 FY 2025
DCM Shriram Limited Results Presentation Q2 FY 2025 Oct 30, 2024
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 FY25 & H1 FY25 Segments wise Overview Result Performance • Overview 4 Q2 FY25 • Chloro-Vinyl 14-18 • Our Businesses 5 • Financial Snapshot 7 • Sugar & Ethanol 19-21 • Management Message 6 • Revenue & PBDIT Drivers 8 • Fenesta Building Systems 22 • Segment Results
Slide 4: Overview – DCM Shriram Limited
Overview – DCM Shriram Limited KEY NUMBERS FOR FY 2023-24 12 Locations Net Revenue ₹109.2 bn PBDIT ₹10.9 bn Agri Rural ( 6 4 %) 6 0 7 6 Total Employees (Sugar/Ethanol, Shriram Farm PAT ₹4.5 bn Solutions, Bioseed, Fertilizer) Chloro-Vinyl (27%) Net Worth ₹64.8 bn 43% Total Direct Energy is Green . Va
Slide 5: Our Businesses – Existing Facilities
Our Businesses – Existing Facilities Value Chloro-Vinyl Agri Added Businesses Businesses Businesses Fenesta Caustic Sugar Building Soda (2,749 (41,000 Systems TPD) TCD) (12,284 TPA) Hydrogen Peroxide Co-Gen (52,500 (166 MW) TPA) Aluminum Distillery . Chloride (310 KLD)* (150 TPD) + (250 KLD)** Other
Slide 6: Management’s Message
Management’s Message Commenting on the performance for the quarter & half year ending September 2024, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: The world is experiencing a "geopolitical recession" mark
Slide 7: Financial Snapshot – Q2 FY25
Financial Snapshot – Q2 FY25 All figures in Rs/Cr Q2 FY25 Q2 FY24 Net Revenue* PBDIT PAT -203 9% 73% 95% 2,957 235 63 Net Debt 2,708 (Rs/Cr) 302 136 32 18.5 ROCE (%) Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 15.0 • Board announced an interim dividend of 100% amounting to Rs. 31.19 crs. * Net revenue inclu
Slide 8: Revenue & PBDIT Drivers – Q2 FY25
Revenue & PBDIT Drivers – Q2 FY25 All figures in Rs/Cr Q2 FY 2025 Q2 FY 2024 Chemicals Sugar & Ethanol Fenesta SFS 19% 6% 33% 3% 607 222 372 970 995 209 509 280 -6% 128% 64% 128% -8% 45 42 72 86 44 38 15 14 Revenue PBDIT Revenue PBDIT Revenue PBDIT Revenue PBDIT • Led by volumes, up 16% due to • Dom
Slide 9: Segment Results – Q2 FY25
Segment Results – Q2 FY25 All figures in Rs/Cr Revenues PBIT PBIT Margins % Segments YoY % YoY % Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Change Change Chloro-Vinyl 777 694 12 50 21 138 6 3 Sugar & Ethanol* 995 970 3 (14) (11) - - - Fenesta Building Systems 222 209 6 34 39 (12) 15 19 Shriram Farm Solutio
Slide 10: Financial Snapshot – H1 FY25
Financial Snapshot – H1 FY25 All figures in Rs/Cr H1 FY25 H1 FY24 Net Revenue* PBDIT PAT 6% 59% 84% 5,834 509 163 5,488 320 89 H1'24 H1'25 H1'24 H1'25 H1'24 H1'25 * Net revenue includes operating income. Net of excise duty of Rs 369 crs (LY Rs 274 crs) on country liquor sales. 10
Slide 11: Revenue & PBDIT Drivers – H1 FY25
Revenue & PBDIT Drivers – H1 FY25 All figures in Rs/Cr H1 FY 2025 H1 FY 2024 Chemicals Sugar & Ethanol Fenesta SFS 18% 1% 25% 7% 1,238 643 427 1,928 1,950 401 1,046 516 -8% 68% 198% -50% 219 85 78 92 74 103 55 52 Revenue PBDIT Revenue PBDIT Revenue PBDIT Revenue PBDIT • Led by volumes, up 17% due to
Slide 12: Segment Results – H1 FY25
Segment Results – H1 FY25 All figures in Rs/Cr Revenues PBIT PBIT Margins % Segments YoY % YoY % H1'25 H1'24 H1'25 H1'24 H1'25 H1'24 Change Change Chloro-Vinyl 1,619 1,432 13 191 28 587 12 2 Sugar & Ethanol* 1,950 1,928 1 (3) 52 - - 3 Fenesta Building Systems 427 401 7 62 73 (14) 15 18 Shriram Farm
Slide 13: Segment Wise Performance
&S DCM SHRIRAM Growing with trust Segment Wise Performance
Slide 14: Chloro Vinyl Business
Chloro Vinyl Business Revenues PBIT Cap. Employed Particulars (Rs/ Cr) (Rs/Cr) (Rs/Cr) Q2 FY25 777.4 50.0 4,397.7 Q2 FY24 694.2 21.0 3,938.5 % Shift 12.0 138.1 11.7 H1'25 1,619.3 191.4 4,397.7 H1'24 1,431.7 27.9 3,938.5 % Shift 13.1 586.6 11.7 Capital employed includes CWIP of Rs 948 crs at 30th Sep
Slide 15: Chemicals
Chemicals Operational Financial Caustic Sales ECU Realisations Revenues PBIT Particulars PBIT Margin (%) (MT) (Rs/MT) (Rs/Cr) (Rs/Cr) Q2 FY25 1,66,344 25,892 606.8 39.0 6.4 Q2 FY24 1,43,911 26,081 509.4 11.7 2.3 % Shift 15.6 (0.7) 19.1 233.4 179.9 H1'25 3,30,311 27,171 1,238.0 137.9 11.1 H1'24 2,82,
Slide 16: Chemicals
Chemicals ▪ Globally, demand of caustic continues to stay balanced and international prices were largely stable during the quarter, however there was a spurt in the tail end on account of fears of supply constraints due to cyclones in the US and increased demand in China led by fiscal stimulus. Indu
Slide 17: Vinyl
Vinyl Operational Financial PVC XWR Carbide XWR PVC Sales Carbide Sales Revenues PBIT PBIT Margin Particulars Realisations Realisations (MT) (MT) (Rs/Cr) (Rs/Cr) (%) (Rs/MT) (Rs/MT) Q2 FY25 11,312 80,388 5,891 63,077 170.6 11.0 6 Q2 FY24 13,235 78,484 5,545 64,560 184.8 9.3 5 % Shift (14.5) 2.4 6.2
Slide 18: Vinyl
Vinyl ▪ Global demand of PVC continues to be sluggish led by slowdown in housing sector. Industry Overview ▪ Amid structural issues, China continues to dump surplus PVC in India. ▪ PVC demand in India grew by ~21% in Q2 FY25 (H1 FY25 up ~20%), while PVC imports grew even faster i.e. up 29% YoY. ▪ Ca
Slide 19: Sugar & Ethanol
Sugar & Ethanol Revenues * PBIT PBIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY25 994.6 (14.1) - 2,813.2 Q2 FY24 969.8 (10.7) - 2,475.8 % Shift 2.6 - - 13.6 H1'25 1,950.2 (3.1) - 2,813.2 H1'24 1,928.0 52.5 2.7 2,475.8 % Shift 1.2 - - 13.6 * Net of excise duty on country liquo
Slide 20: Sugar & Ethanol
Sugar & Ethanol Operational Sugar Sales Power XWR Sugar Production Sugar (Domestic) Power Sales Distillery Sales Distillery XWR Particulars (Domestic) (Rs/ unit) (Lac Qtls) XWR (Rs/Qtl) (Lac Units) (Lac Ltrs) (Rs/ Ltrs) (Lac Qtls) (Lac Units) Q2 FY25 0.0 16.4 3,857 16 3.7 442.1 62.3 Q2 FY24 0.0 15.5
Slide 21: Sugar & Ethanol
Sugar & Ethanol ▪ Revenues for Q2 FY25 up 3% YoY (H1 FY25 up 1%) o Domestic Sugar prices for Q2 FY25 up at Rs/ qtl 3,857 vs 3,751 LY and for H1 FY25 up at Rs/ qtl 3,878 vs 3,707 LY o Domestic sugar volumes up 6% in Q2 FY25 (H1 FY25 up 3%). o Ethanol prices were up by 10% in Q2 FY25 (H1 FY25 up 8% vs
Slide 22: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues PBIT PBIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY25 285.4 221.6 34.2 15.4 17.9 Q2 FY24 305.1 209.0 38.7 18.5 11.4 % Shift (6.5) 6.0 (11.6) (16.7) 56.4 H1'25 535.7 426.6 62.5 14.6 17.9 H1'24 513.3 40
Slide 23: Shriram Farm Solutions
Shriram Farm Solutions Revenues PBIT PBIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY25 371.7 70.5 19.0 (277.7) Q2 FY24 280.0 43.3 15.5 (189.3) % Shift 32.8 63.0 22.7 - H1'25 642.8 89.4 13.9 (277.7) H1'24 516.2 53.9 10.4 (189.3) % Shift 24.5 65.9 33.2 - The products includes S
Slide 24: Fertilizer (Urea)
Fertilizer (Urea) Operational Financial Sales Realisations Revenues PBIT PBIT Margin Cap. Employed Particulars (MT) (Rs/MT) (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY25 1,03,721 35,828 387.1 21.2 5.5 (17.3) Q2 FY24 1,02,524 34,588 368.5 16.7 4.5 (221.5) % Shift 1.2 3.6 5.1 26.9 20.8 - H1'25 1,92,215 34,822 7
Slide 25: Bioseed
Bioseed Revenues (Rs/Cr) PBIT PBIT Margin Cap. Employed Particulars Bioseed India Subsidiaries Total (Rs/Cr) (%) (Rs/Cr) Q2 FY25 123.9 34.8 158.8 16.1 10.1 536.1 Q2 FY24 91.2 36.8 128.0 0.7 0.5 454.5 % Shift 35.9 (5.3) 24.1 2,231.9 1,779.3 18.0 H1'25 312.1 64.9 377.0 42.6 11.3 536.1 H1'24 277.2 63.5
Slide 26: Others
Others Revenues PBIT Particulars (Rs/Cr) (Rs/Cr) Q2 FY25 63.3 (4.7) Q2 FY24 73.3 (6.8) % Shift (13.7) - H1'25 140.3 (6.1) H1'24 161.6 (9.2) % Shift (13.2) - Other Businesses includes : 1. Cement Business : The Company’s cement business is located at Kota (Rajasthan) with manufacturing capacity of 4
Slide 27: Financials - Consolidated
Financials - Consolidated Amount in Rs/Cr Particulars Q2 FY 2025 Q1 FY 2025 Q2 FY 2024 H1 FY 2025 H1 FY 2024 FY 2024 Revenue from Operations 3,130 3,073 2,825 6,203 5,763 11,431 Total Income 3,184 3,099 2,847 6,283 5,802 11,530 PBDIT 235 274 136 509 320 1,089 Depreciation & Amortization 101 86 74 18
Slide 28: About Us & Investor Contacts
DCM Shriram Ltd. is a diversified and an integrated business entity with extensive and growing presence across the Agri-Rural value chain and Chloro- Vinyl industry. The Company also has an innovative value-added business, Fenesta Building Systems. Access to captive power at all key manufacturing un