Fin Cascade
Get Android appGet iOS app

Prices as of 8 Oct 2026 close · Not investment advice

DCM Shriram Limited

NSE: DCMSHRIRAMDiversified

Share price

₹955.75

-1.40% close of 8 Oct 2026

Market cap ₹14,814 CrP/E 10.8

Business score

How strong the business is, in one number. The parts behind it are in Pro.

60

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹14,814 Cr

P/E ratio

10.8

P/B ratio

1.9

ROCE

11.5%

ROE

11.5%

Dividend yield

1.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,330.2052-week low ₹906.85

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 11.1% over the past year, and 8.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 18.0% to 11.0% over the last four years.

Whether it grew faster than its sector

It grew 8.6% a year against a sector median of 8.6% — 0 percentage points faster.

Room to re-rate, or risk of de-rating

At 10.8× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 19.1×, across 5 companies. It is against its own five-year median of 22.8×, the 0th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
DCM Shriram Limited — this one-1%/yr10.8×—
3M India Limited9%/yr57.2×₹6.4
Godrej Industries Limited5%/yr28.4×₹5.7
Balmer Lawrie & Company Limited17%/yr9.5×₹0.56
TTK Healthcare Limited-52%/yr19.1×—
Empire Industries Limited15%/yr10.9×₹0.73

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified), it ranks 5 of 7 on returns, 4 of 7 on growth, 4 of 7 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 11.5% on capital, ahead of 29% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Roughly — Over the last five years it made ₹5675 crore of cash from the business and spent about as much on plant and equipment. And the profit is real: of every 100 rupees it reported over 12 years, about 135 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being waiting 45 days for its cash to waiting 25 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 28 Jul 2026 · Consolidated

Revenue

₹3,785 Cr

Revenue vs last year

+16.0%

Revenue vs last quarter

+18.5%

Net profit

₹693 Cr

Profit vs last year

+508.3%

Profit vs last quarter

+86.9%

Net margin

18.3%

EPS

₹44.72

Earnings call transcript · 30 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹14,814 Cr
Prev close
₹955.75
52w High
₹1,409
52w Low
₹886
Enterprise value
₹16,977 Cr
Beta
0.7
Price CAGR 1y
-18.0%
Price CAGR 3y
-3.0%
Price CAGR 5y
-4.0%
Price CAGR 10y
16.0%

Ratios

Return on assets
6.1%
PEG ratio
-10.8
P/E ratio
10.8
P/B ratio
1.9
EV / EBITDA
11.9
Industry P/E
13.3
ROCE
11.5%
ROCE 5y average
15.0%
ROE
11.5%
Debt / Equity
0.4
Interest coverage
6.6
Dividend yield
1.2%
ROE 3y average
9.0%
ROE last year
12.0%

Annual P&L

Annual revenue
₹13,538 Cr
Annual profit
₹856 Cr
Operating margin
11.0%
Net profit margin
6.3%
EBITDA margin
11.1%
Sales growth 3y
5.4%
Sales growth 5y
10.3%
Profit growth 3y
-1.0%
Profit growth 5y
5.0%
EPS
₹54.7
Sales growth TTM
11.0%
Profit growth TTM
122.0%
Dividend payout
21.0%

Quarter P&L

Sales latest quarter
₹3,564 Cr
Profit latest quarter
₹693 Cr
YoY quarterly sales growth
9.3%
YoY quarterly profit growth
507.9%
OPM latest quarter
9.4%

Balance Sheet

Book Value
₹498
Face Value
₹2.0
Total debt
₹2,923 Cr
Total cash
₹854 Cr
Borrowings
₹2,923 Cr
Reserves / Equity
247.8

Cash Flow

Operating cash flow
₹1,234 Cr
Free cash flow
₹354 Cr
FCF yield
1.2%
Net cash flow
-₹314 Cr

Shareholding

Promoter holding
66.5%
FII holding
3.9%
DII holding
8.4%
Public holding
20.4%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
3M India30,825.0078.834,7400.52233.1-0.41,423.219.050.0
Godrej Industrie1,029.0028.834,6620.00523.4-18.65,448.122.28.2
DCM Shriram969.3011.015,1151.16693.4445.43,564.29.311.5
Balmer Lawrie158.889.72,7175.3570.93.6748.710.014.6
TTK Healthcare1,046.6019.31,4790.9621.363.7257.613.88.0
Empire Inds.1,032.9011.06202.4214.247.3183.610.117.9
Maheshwari Logi.71.2013.82110.003.3-25.8234.9-8.412.0
Median1,029.0013.82,7170.9670.93.6748.710.112.0

Competes with: 3M India Limited, Balmer Lawrie & Company Limited, Dhunseri Ventures Limited, Empire Industries Limited, Godrej Industries Limited, Maheshwari Logistics Limited, TTK Healthcare Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,7802,7083,0352,3992,8762,9573,3672,8773,2623,2723,8113,1933,564
Expenses2,6142,5942,5902,1342,6292,7762,8712,4722,9582,9633,2802,8403,228
Material Cost1,8451,0879551,8991,9251,304
Change in Inventories-605198564-249-46756
Purchases of Stock-in-Trade6841624333889517
Employee Cost282318306318318335
Other Expenses1,0251,1321,0551,1651,1551,236
Operating Profit166114445265248181496405304309532353337
OPM %5.974.2115118.626.1315149.309.4514119.44
Other Income17223524265441212299-2678107
Exceptional items (within Other Income)000-553279
Interest25151532293843434443494041
Depreciation7274778086101109114112119134138128
Profit before tax864738917715896386270170246322254274
Tax %3432383337343234333534-46-152
Net Profit573224011810063262179114159213371693
EPS in Rs3.632.07157.556.434.0317117.2710142444
Diluted EPS in Rs117.2710142444

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,6395,7805,7886,9007,7717,7678,3089,62711,54710,92212,07713,53813,840
Expenses5,2405,2765,0175,8666,4026,5757,1567,8319,9419,93210,74712,04112,310
Material Cost5,3605,867
Change in Inventories-1546
Purchases of Stock-in-Trade9431,086
Employee Cost1,0701,260
Other Expenses4,0534,508
Operating Profit3995057711,0351,3691,1921,1521,7961,6069911,3301,4971,530
OPM %79131518151419149111111
Other Income524147568888929212099142173258
Exceptional items (within Other Income)0-23
Interest112857183119164122855388153176173
Depreciation11098114141157219233238260303410502519
Profit before tax2283626338671,1808978891,5651,4136999099921,096
Tax %81713232420243236363414
Net Profit2113015526699047226741,0679114476048561,436
EPS in Rs13193441574643685829395592
Diluted EPS in Rs3955
Dividend Payout %171717201718222224232321

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
9%
5 years
10%
3 years
5%
TTM
11%

Compounded profit growth

10 years
11%
5 years
5%
3 years
-1%
TTM
122%

Stock price CAGR

10 years
16%
5 years
-4%
3 years
-3%
1 year
-18%

Return on equity

10 years
15%
5 years
12%
3 years
9%
Last year
12%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333131313131313131
Reserves1,8262,0582,4953,0073,4944,0184,6175,4706,1626,4916,9737,681
Borrowings7601,0641,0747561,6102,1501,5211,5771,7072,1522,5292,923
Other Liabilities1,7981,8521,9721,8572,0011,9351,6212,2902,8192,8743,1983,479
Minority Interest021
Total Liabilities4,4175,0075,5745,6527,1368,1357,7909,36910,72011,54712,73114,115
Fixed Assets1,4431,4282,0222,2112,6903,4993,3603,4084,1054,2226,5177,518
CWIP6235765117332591094941,6302,615834571
Investments63531303129303125456136
Other Assets2,9063,1863,4573,2944,0844,5484,2915,4634,9734,6565,3245,889
Total Assets4,4175,0075,5745,6527,1368,1357,7909,36910,72011,54712,73214,115

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1671007728277754961,8871,2241,2967941,1271,234
Cash from Investing Activity228-326-411-321-803-518-642-888-1,543-1,070-850-1,241
Cash from Financing Activity-594166-185-571277183-918-275-235169-1-307
Net Cash Flow-200-59176-6524816132762-482-107277-314
Free Cash Flow115-249331440-73-1021,642478-493-514280354

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days698163484951233427222829
Inventory Days120141194163190208146190153168162162
Days Payable11912313811011389577965656964
Cash Conversion Cycle71100120100126170111145115124121128
Working Capital Days433135574852444537342625
ROCE %12152125291916241991112

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters676767676767676767676767
FIIs2.863.413.763.743.773.994.104.143.973.983.973.89
DIIs8.508.378.078.077.667.647.768.048.248.318.558.45
Government0.020.020.020.020.020.020.020.020.02000
Public212121212121212121202020
Others0.920.940.920.870.720.710.790.750.710.700.700.68
No. of Shareholders55,81155,15757,17160,14858,12059,83761,68259,67260,86458,41455,22054,377

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -19.8% (₹1,191.20 → ₹955.75)Brick size ₹37.06 (fixed)Bricks 35
₹1,000₹1,200₹956Nov '25Jan '26Mar '26May '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹955.75 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,99,58,711inr

2026-03-31

News

News and filings about DCM Shriram Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • Natural gas
  • coal
  • sugarcane

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Diversified
Industry
Diversified
Classification
Diversified › Diversified
ISIN
INE499A01024

Business segments

  • Chloro-Vinyl · 32%
  • Sugar · 31%
  • Shriram Farm Solutions · 12%
  • Fertiliser · 10%
  • Fenesta Building Systems · 8%
  • Bioseed · 5%
  • Others · 2%

Plants

  • DCM Shriram Bharuch Chlor-Alkali & Epoxy Complex
  • DCM Shriram Kota Complex (fertiliser, chloro-vinyl, cement)
  • DCM Shriram Sugar & Ethanol Complexes (Ajbapur, Hariawan, Loni, Rupapur)

News impact

Big market events that reach DCM Shriram Limited, and how the effect spreads.

Who it hits first

  • Listed sugar mills (Balrampur Chini, Triveni, EID Parry, Dalmia Bharat Sugar, Bajaj Hindusthan, Shree Renuka) face a mild headwind to sugar realisations because forcing traders to release hoarded stock adds near-term supply and softens spot prices; the effect is limited by the government Minimum Selling Price floor and monthly release quotas.

Who may gain

  • Everyday consumers and bulk/institutional sugar buyers (soft-drink, confectionery, dairy and bakery makers) gain from cooler, more stable sugar prices — a mild input-cost relief rather than a tradable single-stock catalyst.

Along the supply chain

Downstream

Downstream food and beverage buyers (soft drinks, confectionery, dairy, bakeries) benefit modestly from steadier, slightly lower sugar prices, easing their input costs.

Upstream

Cane farmers are unaffected — mills must still crush cane and pay the state-set cane price regardless of the trader stock limit, so upstream procurement is unchanged.

Where demand moves

Business

The policy does not destroy demand for sugar — people still buy it — it redistributes timing: traders must release stock now instead of holding it, so more sugar flows to the market in the near term, nudging spot prices down and trimming mill realisations at the margin.

Capital

Within the small-cap sugar pack, investors are likely to trim the richer, more sugar-pure and leveraged names (e.g. Bajaj Hindusthan) and prefer diversified or ethanol-heavy mills (Triveni, Dalmia Bharat Sugar, EID Parry, DCM Shriram) that are less exposed to the sugar-price cap.

How it spreads across sectors

Fast Moving Consumer Goods

Softer sugar prices are a small tailwind for sugar-consuming packaged-food and beverage makers, and a small headwind for sugar-producing mills — a within-FMCG transfer, not a broad sector shock.

Commodity angle

Commodity

sugar

Note

Sugar node price is live but the 1-month move (+1.82%) is within the +/-2% deadband, so this is a POLICY/DEMAND-management shock (anti-hoarding stock limit intended to suppress prices), not a price shock. Sugar mills carry DEPENDS_ON_COMMODITY->sugar edges with a POSITIVE producer role (they benefit when sugar rises); a price-suppressing policy therefore acts NEGATIVELY on their realisations. cost_weight_pct is null on all edges, so a precise margin_impact_bps cannot be computed; impact is qualitative (mild realisation headwind).

Price updated at

2026-07-28

Shock type

policy_demand

Unit

US cents/lb

Who it hits first

  • Grain-based distillers (BCL Industries, Globus Spirits) gain assured, cheaper rice/broken-rice feedstock
  • Ethanol Blending Programme volume visibility improves for grain-route capacity

Who may gain

  • BCLIND and GLOBUSSPR as the most direct grain-ethanol beneficiaries; GAEL and DCMSHRIRAM more indirect

Along the supply chain

Downstream

Higher grain-ethanol output supports OMC ethanol-blending targets; limited direct downstream disruption to other sectors.

Upstream

FCI (government grain stock) becomes a de-facto assured feedstock supplier to grain distilleries, reducing their dependence on open-market maize/rice price volatility.

Where demand moves

Business

Ring-fenced FCI rice and broken-rice auctions channel a secured feedstock stream to grain-based ethanol distilleries, improving their input-cost certainty and capacity utilization; sugar/molasses distillers are less directly affected.

Capital

Modest positive re-rating potential for pure grain-ethanol names on feedstock-policy clarity; muted for diversified players where ethanol is a small earnings share.

How it spreads across sectors

Fast Moving Consumer Goods

Grain-distillery feedstock economics improve; molasses-route ethanol less affected

Commodity angle

Commodity

Rice / Broken Rice

Price source

FCI ring-fenced rice / broken-rice auction policy in headline; market price not provided

Shock type

policy_feedstock_supply

When it plays out

Immediate

Sentiment lift for grain-ethanol names on feedstock-allocation headline

Medium term

Sustained EBP feedstock support underpins grain-distillery capacity economics

Short term

Auction pricing and ethanol-realization terms determine actual spread benefit

Who it hits first

  • Ethanol-growth premium in sugar/distillery stocks at risk if E20 rollout slows
  • Automakers face reputational/compliance pressure over E20 compatibility

Who may gain

  • Marginal: ethanol-free premium fuels (XP100) niche; no listed pure beneficiary

Along the supply chain

Downstream

OMC ethanol-blending programme is the offtake channel; a policy pause would reduce incremental blended-petrol volumes over time.

Upstream

Sugarcane farmers/cane pricing unaffected near-term; molasses/grain feedstock demand steady this season.

Where demand moves

Business

If the backlash slows E20 adoption, future ethanol offtake growth from OMCs weakens -> sugar mills' distillery revenue-growth thesis softens; current-season contracted ethanol volumes are unaffected.

Capital

Rotation out of premium-valued ethanol-story sugar names toward cheaper/diversified peers; auto sentiment largely unaffected.

How it spreads across sectors

Automobile and Auto Components

reputational/compliance noise, no earnings impact

Fast Moving Consumer Goods

sugar/distillery ethanol-growth premium under review

When it plays out

Immediate

Headline/sentiment pressure on premium sugar names.

Medium term

If blending targets slow, ethanol capex returns compress for sugar mills.

Short term

Watch government response and whether E20 targets are reaffirmed or diluted.

Who it hits first

  • Sugar/Ethanol producers (BALRAMCHIN, EIDPARRY, DALMIASUG, DCMSHRIRAM): direct TAM expansion
  • Praj Industries (PRAJIND): bioethanol technology vendor, beneficiary
  • Auto OEMs (MARUTI, TATAMOTORS, M&M, HEROMOTOCO, BAJAJ-AUTO, TVSMOTOR): engine capex requirement

Who may gain

  • Sugar mills with ethanol capacity
  • Bioethanol equipment vendors (Praj)
  • Sugarcane farmers (downstream price support)

Along the supply chain

Downstream

Petrol stations need E100 dispenser upgrade; consumer vehicles need engine modifications

Upstream

Sugarcane farmer demand strong; molasses/grain alcohol price support

Where demand moves

Business

Sugar mills divert more cane to ethanol; auto OEMs invest in flex-fuel engines; refiners adjust blending infrastructure

Capital

Money rotates INTO sugar/ethanol/Praj; auto OEM near-term capex concern offset by long-term volume

How it spreads across sectors

Automobile and Auto Components

Multi-year capex cycle for E100-capable engines; near-term margin headwind

Capital Goods

Praj and ethanol plant equipment vendors see order book expansion

Chemicals

Sugar/ethanol production expansion; chemical input for ethanol fermentation

Commodity angle

Cc skip reason

no_price_data

Commodity

Ethanol

Notes

Ethanol commodity node exists in Neo4j but has no current_price; demand-side policy event, no price shock to trigger numeric margin impact

Other sectors it reaches

  • {"causal_chain":"E100 rollout requires ethanol procurement, blending/storage segregation, dispensing infrastructure upgrades and changes in petrol demand mix; OMCs face capex and working-capital needs while ethanol-linked fuel volumes may support retail relevance.","direction":"mixed","example_tickers":["IOC","BPCL","HINDPETRO"],"magnitude":"medium","notes":"Near-term capex and logistics complexity; policy pricing and excise treatment will decide margin impact.","sector":"Oil Marketing Companies and Fuel Retail","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Higher ethanol demand improves sugarcane economics, encouraging cane acreage/yields; this can lift demand for fertilizers, crop protection, seeds and irrigation equipment in cane belts.","direction":"positive","example_tickers":["COROMANDEL","CHAMBLFERT","UPL"],"magnitude":"medium","notes":"Benefits are indirect and regionally concentrated; dependent on cane pricing and water-use policy.","sector":"Agri Inputs and Irrigation","time_horizon":"1_to_6_months"}
  • {"causal_chain":"E100 needs larger ethanol movement from mills/distilleries to depots and retail networks, increasing demand for specialized liquid logistics, tankers, terminals and warehousing coordination.","direction":"positive","example_tickers":["TCI","VRLLOG","GATI"],"magnitude":"small","notes":"Most impact may accrue to unlisted tanker operators, but listed logistics names can see sentiment spillover.","sector":"Logistics and Tank Storage","time_horizon":"1_to_4_weeks"}
  • {"causal_chain":"Rs 50,000 crore auto retooling plus ethanol plant/storage expansion raises demand for steel, aluminum, stainless equipment, tanks, pipelines and precision castings.","direction":"positive","example_tickers":["TATASTEEL","JSWSTEEL","HINDALCO"],"magnitude":"small","notes":"Large diversified metal companies see diluted impact, but capex cycle supports incremental demand.","sector":"Metals and Industrial Materials","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Auto OEM capex, supplier tooling, ethanol capacity expansion and fuel-infrastructure upgrades require project finance, working capital and equipment loans; vehicle financiers may see temporary demand uncertainty during transition.","direction":"mixed","example_tickers":["SBIN","ICICIBANK","M\u0026MFIN"],"magnitude":"medium","notes":"Corporate lenders benefit from capex credit demand; auto financiers could face short-term model-mix disruption.","sector":"Banks and Vehicle Finance","time_horizon":"1_to_6_months"}
  • {"causal_chain":"Diversion of molasses/grain feedstock toward fuel ethanol can tighten input availability and raise costs for potable alcohol producers, while integrated distilleries with ethanol capacity may benefit.","direction":"mixed","example_tickers":["UNITDSPR","RADICO","GLOBUSSPR"],"magnitude":"medium","notes":"Integrated sugar-distillery names benefit more; pure beverage players face margin risk if feedstock costs rise.","sector":"Alcoholic Beverages and Distilleries","time_horizon":"1_to_6_months"}

Who it hits first

  • Fatal ammonia leak creates immediate shutdown, investigation, remediation and regulatory-enforcement risk for the Tamil Nadu facility involved.
  • No affected company is identified, so listed fertiliser and chemical tickers face sector-wide sentiment and compliance-cost risk rather than confirmed direct operational exposure.
  • Seven deaths and 68 hospitalisations materially increase legal, compensation and reputational risk around ammonia handling.

Who may gain

  • Industrial safety-equipment, gas-detection, plant-audit and environmental-compliance providers may receive additional demand.
  • Fertiliser producers without exposure to the affected facility may gain temporary volumes if a shutdown constrains regional supply.

Along the supply chain

Downstream

Fertiliser distributors and agricultural customers may face local dispatch delays, but unaffected producers can substitute supply if the shutdown remains contained.

Upstream

Reduced operation at the affected ammonia-linked facility can temporarily lower demand for natural gas and other feedstocks, while inspections disrupt tanker, storage and handling activity.

Where demand moves

Business

A shutdown can redirect fertiliser and chemical orders to unaffected producers, while mandatory inspections may temporarily defer ammonia-linked production and procurement.

Capital

Capital is likely to rotate toward operators with stronger balance sheets and operating returns, while highly leveraged, loss-making or richly valued chemical companies face greater de-rating risk.

How it spreads across sectors

Chemicals

Negative safety-risk premium, possible inspections and higher compliance spending across hazardous-gas facilities.

Fertilisers

Mixed impact: shutdown risk for the affected operator, but possible volume transfer and firmer local supply conditions for unaffected producers.

codex additions

Commodity angle

Commodity

Natural gas

Shock type

demand

A pattern seen before

Cascade chain

  • Fatal ammonia leak triggers shutdown and investigation
  • Hazardous-gas facilities face inspections and compliance spending
  • Ammonia-linked production and natural-gas demand may decline locally
  • Orders can shift toward unaffected fertiliser producers
  • Higher safety capex and liability risk pressure sector valuations

Pattern name

Industrial Ammonia Safety Cascade

Sectors queried

  • Chemicals
  • Fertilisers

When it plays out

Immediate

Emergency response, plant isolation, casualty assessment, investigation and potential shutdown dominate price discovery.

Medium term

One to six months may bring higher safety capex, insurance costs and operating procedures, with the final impact dependent on shutdown duration and liability findings.

Short term

Regulatory inspections, compensation provisions, operating-permit reviews and order diversion may affect sector sentiment over one to four weeks.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹4
23 Jan 2026interim₹3.6
3 Nov 2025interim₹3.6
5 Aug 2025unspecified₹3.4
24 Jan 2025interim₹3.6
11 Nov 2024interim₹2
9 Jul 2024unspecified₹2.6
6 Mar 2024interim₹4

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
17 Sep 2026Tara A Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Anand A Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Ajit S Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Ajay S Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Vikram S Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Nainika V Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Ajit Shridhar Shriram · PromoterSELL300—
17 Sep 2026Aditya A Shriram Family Trust · Promoter GroupBUY100—
17 Sep 2026Ajay Shridhar Shriram · PromoterSELL300—
17 Sep 2026Varun A Shriram Family Trust · Promoter GroupBUY100—

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.