DCM Shriram Limited has received an Environmental, Social, and Governance (ESG) score of 69.1 for Financial Year 2025 from SES ESG Research Pvt. Ltd., as communicated to stock exchanges on 25th February 2026. The company disclosed this development under regulatory compliance requirements to both BSE Limited and National Stock Exchange of India Ltd.

ESG Rating Details

The ESG assessment was conducted by SES ESG Research, which assigned the score of 69.1 to evaluate the company's sustainability and governance practices. The rating covers the company's performance across environmental, social, and governance parameters for FY25.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Deepak Gupta signed the communication, ensuring proper regulatory adherence.

Key Highlights

The company emphasized several important aspects of this ESG rating:

• The score was assigned voluntarily by SES ESG without any formal engagement by DCM Shriram Limited
• The rating reflects the company's ESG performance for the complete Financial Year 2025
• Full disclosure has been made to both major stock exchanges as per regulatory requirements
• The communication is publicly available on the company's investor relations website

Corporate Information

DCM Shriram Limited operates from its corporate office at Worldmark 1, Aerocity, New Delhi, with its registered office located in Gurugram, Haryana. The company maintains transparency through regular disclosures and investor communications as part of its listed entity obligations.

DCM Shriram Limited demonstrated resilient performance in Q3 FY26, reporting strong revenue growth across multiple business segments despite challenging market conditions. The diversified conglomerate's strategic focus on operational efficiency and new project commissioning supported its financial momentum during the quarter.

Financial Performance Overview

The company's consolidated performance showed robust growth momentum in Q3 FY26. Key financial metrics reflected the impact of business expansion and operational improvements across segments.

For the nine months ended December 31, 2025, revenues reached ₹10,345 crores, representing a 12% increase year-on-year. PBDIT for the same period grew significantly by 24% to ₹1,294 crores, led by strong performance in chemicals, sugar & ethanol, and Shriram Farm Solutions businesses.

Chemicals Business Drives Growth

The chemicals segment emerged as the primary growth driver, reporting impressive revenue expansion of 30% year-on-year. This growth was supported by multiple factors including improved capacity utilization and new project contributions.

The segment benefited from better caustic soda capacity utilization and contributions from newly commissioned projects including hydrogen peroxide, aluminium chloride, refined glycerine, and epoxy facilities. The Epichlorohydrin plant, commissioned in October 2025, has gained market acceptance with the company expanding its sales network including export markets.

Sugar & Ethanol Segment Shows Strong Momentum

The sugar & ethanol business delivered robust performance with revenue growth of 15% year-on-year. Volume improvements in both domestic sugar and ethanol sales supported the segment's strong showing.

The segment's PBDIT nearly doubled to ₹204 crores compared to ₹112 crores in the previous year, including a positive impact of ₹36 crores from reversal of provisions related to retrospective levy duties on ethanol exports.

Mixed Performance Across Other Segments

The Vinyl segment faced headwinds with revenues declining 13% year-on-year due to lower PVC volumes and subdued pricing for both PVC and carbide. PBDIT decreased to ₹19 crores from ₹29 crores in the previous year, despite improved operating costs.

Fenesta Building Systems achieved strong revenue growth of 28% year-on-year, led by the project vertical. However, PBDIT declined to ₹35 crores from ₹43 crores due to product mix changes and higher fixed costs from investments in new revenue platforms and brand enhancement.

Shriram Farm Solutions reported 7% revenue growth supported by strong research wheat and specialty nutrients volumes, though PBDIT decreased by 11% due to margin moderation following the poor kharif season.

Strategic Initiatives and Market Outlook

The company continues advancing several strategic projects including aluminium chloride and calcium chloride facilities at Bharuch, and a 68-megawatt green power project for Kota. The aluminium extrusion project at Kota remains on schedule with phase one expected to be commissioned by the end of the next quarter.

Management highlighted ongoing efforts to secure government support for the PVC industry through minimum import price implementation, following the rejection of anti-dumping duties. The company is also working with various ministries on quality control orders to ensure appropriate standards for potable applications.

Financial Position and Capital Allocation

The company maintained a strong balance sheet with net debt of ₹1,084 crores as of December 31, 2025, compared to ₹867 crores in the previous year. Return on capital employed remained stable at 14%. The board announced an interim dividend of 180%, bringing the total dividend for the year to 360%, amounting to ₹112.28 crores.

With major chemical segment investments nearing completion, the company is well-positioned to explore value-chain opportunities aligned with its core businesses while maintaining focus on sustainable and responsible growth.

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