Buy DCM Shriram Ltd. target Rs 335: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on DCM Shriram Ltd. with a target price of Rs 335. The current market price of DCM Shriram Ltd. is Rs 305.9. Time period given by analyst is Intra Day when DCM Shriram Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 295. DCM Shriram Ltd., incorporated in 1989, is a midcap company with a market cap of Rs 4968.31 crore.

DCM Shriram Ltd. key Products/Revenue Segments include Sugar which contributed Rs 1582.99 Crore to Sales Value (26.11 % of Total Sales), Chloro-Vinyl which contributed Rs 1557.77 Crore to Sales Value (25.70 % of Total Sales), Farm Solutions which contributed Rs 1014.47 Crore to Sales Value (16.73 % of Total Sales), Others which contributed Rs 844.20 Crore to Sales Value (13.92 % of Total Sales), Fertilisers which contributed Rs 745.74 Crore to Sales Value (12.30 % of Total Sales), Bioseed which contributed Rs 286.09 Crore to Sales Value (4.72 % of Total Sales), Scrap which contributed Rs 28.26 Crore to Sales Value (0.46 % of Total Sales), Other Operating Revenue which contributed Rs .96 Crore to Sales Value (0.01 % of Total Sales), Rent which contributed Rs .46 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 1550.69 Crore, down -12.27 % from last quarter Sales of Rs 1767.58 Crore and down -3.30 % from last year same quarter Sales of Rs 1603.66 Crore Company has reported net profit after tax of Rs 50.00 Crore in latest quarter. The company’s top management includes Dr.N J Singh, Justice(Retd)Vikramajit Sen, Mr.Ajay S Shriram, Mr.Ajit S Shriram, Mr.K K Kaul, Mr.K K Sharma, Mr.Pradeep Dinodia, Mr.Pravesh Sharma, Mr.Sharad Shrivastva, Mr.Sunil Kant Munjal, Mr.Vikram S Shriram, Mr.Vimal Bhandari, Ms.Ramni Nirula. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 31-03-2018, the company has a total of 162,416,137 shares outstanding.