DCM Shriram tumbles after dismal Q4 result

DCM Shriram slumped 12.86% to Rs 382.45 at 10:27 IST on BSE after consolidated net profit dropped 67.57% to Rs 50.71 crore on 3.3% fall in total income to Rs 1575.96 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours yesterday, 24 April 2018.

Meanwhile, the BSE Sensex was down 60.39 points, or 0.17%, to 34,556.25.

On BSE, so far 65,000 shares were traded in the counter, compared with an average volume of 20,000 shares in the past two weeks. The stock hit a high of Rs 407 and a low of Rs 374.10 so far during the day. The stock hit a record high of Rs 628.05 on 22 January 2018. The stock hit a 52-week low of Rs 334 on 28 June 2017.

The mid-cap company has an equity capital of Rs 32.48 crore. Face value per share is Rs 2.

DCM Shriram recommended final dividend of Re 0.80 per share for the financial year ended 31 March 2018 (FY 2018). Therefore, the total dividend for the FY 2018 aggregates to Rs 8.20 per share.

DCM Shriram is an integrated business entity, with extensive and growing presence across the entire agri value chain and chloro-vinyl industry. The company has added innovative value- added businesses in these domains primarily bioseed and fenesta.

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