New Risk • May 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₹1.63b market cap, or US$17.2m). Reported Earnings • May 30
Full year 2026 earnings released: EPS: ₹1.55 (vs ₹11.73 in FY 2025) Full year 2026 results: EPS: ₹1.55 (down from ₹11.73 in FY 2025). Revenue: ₹756.9m (up 9.6% from FY 2025). Net income: ₹28.9m (down 87% from FY 2025). Profit margin: 3.8% (down from 32% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • May 22
DCM Limited to Report Q4, 2026 Results on May 28, 2026 DCM Limited announced that they will report Q4, 2026 results on May 28, 2026 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹84.09, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 24x in the Industrials industry in India. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹65.75, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 20x in the Industrials industry in India. Total loss to shareholders of 9.8% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹58.66, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 20x in the Industrials industry in India. Total loss to shareholders of 23% over the past three years. New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 40% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). Market cap is less than US$100m (₹1.58b market cap, or US$17.4m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.16 loss per share (vs ₹11.00 profit in 3Q 2025) Third quarter 2026 results: ₹0.16 loss per share (down from ₹11.00 profit in 3Q 2025). Revenue: ₹184.5m (up 6.4% from 3Q 2025). Net loss: ₹3.00m (down 101% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 05
DCM Limited to Report Q3, 2026 Results on Feb 12, 2026 DCM Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.78 (vs ₹0.38 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.78 (up from ₹0.38 in 2Q 2025). Revenue: ₹187.8m (up 13% from 2Q 2025). Net income: ₹14.5m (up 104% from 2Q 2025). Profit margin: 7.7% (up from 4.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 08
DCM Limited to Report Q2, 2026 Results on Nov 12, 2025 DCM Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 Ankündigung • Aug 20
DCM Limited, Annual General Meeting, Sep 30, 2025 DCM Limited, Annual General Meeting, Sep 30, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹1.74 (vs ₹0.15 loss in 1Q 2025) First quarter 2026 results: EPS: ₹1.74 (up from ₹0.15 loss in 1Q 2025). Revenue: ₹182.5m (down 1.0% from 1Q 2025). Net income: ₹32.4m (up ₹35.3m from 1Q 2025). Profit margin: 18% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 09
DCM Limited to Report Q1, 2026 Results on Aug 14, 2025 DCM Limited announced that they will report Q1, 2026 results on Aug 14, 2025 New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (164% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Market cap is less than US$100m (₹1.97b market cap, or US$23.1m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹127, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 15x in the Industrials industry in India. Total returns to shareholders of 106% over the past three years. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹11.73 (vs ₹2.79 in FY 2024) Full year 2025 results: EPS: ₹11.73 (up from ₹2.79 in FY 2024). Revenue: ₹766.4m (up 8.2% from FY 2024). Net income: ₹219.2m (up 321% from FY 2024). Profit margin: 29% (up from 7.3% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Ankündigung • May 21
DCM Limited to Report Q4, 2025 Results on May 27, 2025 DCM Limited announced that they will report Q4, 2025 results on May 27, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹11.00 (vs ₹0.03 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹11.00 (up from ₹0.03 loss in 3Q 2024). Revenue: ₹223.0m (up 19% from 3Q 2024). Net income: ₹205.6m (up ₹206.2m from 3Q 2024). Profit margin: 92% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 14
DCM Limited Appoints Arjit Gupta as Company Secretary and Compliance Officer DCM Limited at its Board of Directors meeting held on February 13, 2025, based on recommendation of the Nomination & Remuneration Committee, in compliance with the applicable provisions of the Companies Act, 2013 and SEBI LODR, approved the appointment of Mr. Arjit Gupta as the Company Secretary (Key Managerial Personnel) and Compliance officer of the Company with effect from February 13, 2025. Mr. Arjit Gupta is commerce and law graduate. He is an associate member of the Institute of Company Secretaries of India. Arjit has more than 14 years of work experience in large and widely held listed Companies and has previously worked with Jaiprakash Associates Limited, Inox Wind Limited, Hindustan Media Ventures Limited and Digicontent Limited. Ankündigung • Feb 10
DCM Limited to Report Q3, 2025 Results on Feb 13, 2025 DCM Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Dec 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₹2.60b market cap, or US$30.7m). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹118, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 27x in the Industrials industry in India. Total loss to shareholders of 11% over the past three years. Reported Earnings • Nov 18
Second quarter 2025 earnings released: EPS: ₹0.38 (vs ₹0.37 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.38 (up from ₹0.37 loss in 2Q 2024). Revenue: ₹171.4m (down 3.8% from 2Q 2024). Net income: ₹7.10m (up ₹14.0m from 2Q 2024). Profit margin: 4.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 14
DCM Limited Announces Resignation of Yadvinder Goyal as Company Secretary & Compliance Officer, Effective on or before January 21, 2025 DCM Limited announced that Mr. Yadvinder Goyal vide his letter dated October 22, 2024 has resigned from the post of Company Secretary & Compliance Officer and Key Managerial Personnel of the Company due to personal reasons. The Board of Directors of the Company at its meeting held on November 13, 2024 have considered, approved and accepted the aforesaid resignation of Mr. Yadvinder Goyal and he will be relived from services of the Company on or before completion of his notice period of three months that is January 21, 2025. Ankündigung • Nov 08
DCM Limited to Report Q2, 2025 Results on Nov 13, 2024 DCM Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Board Change • Sep 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Director Yuv Ram was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Sep 05
DCM Limited, Annual General Meeting, Sep 30, 2024 DCM Limited, Annual General Meeting, Sep 30, 2024, at 12:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: ₹0.15 loss per share (vs ₹0.33 loss in 1Q 2024) First quarter 2025 results: ₹0.15 loss per share (improved from ₹0.33 loss in 1Q 2024). Revenue: ₹190.0m (up 6.3% from 1Q 2024). Net loss: ₹2.90m (loss narrowed 53% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Ankündigung • Aug 06
DCM Limited to Report Q1, 2025 Results on Aug 13, 2024 DCM Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Ankündigung • Aug 01
DCM Limited Approves Board Changes DCM Limited announced that at its board meeting held on July 31, 2024, approved Mr. Bipin Maira, will cease to be an independent director of the company upon completion of his second term of five consecutive years with effect from close of business hours on August 3, 2024. He will also cease to be chairman of the board of directors of the company with effect from the close of business hours on August 3, 2024; Prof. Sudhir Kumar Jain will cease to be an independent director of the company upon completion of his second term of five consecutive years with effect from close of business hours on August 3, 2024; Mr. Jitendra Tuli has been appointed as non-executive chairman of the board of directors of the company with effect from August 4, 2024; Mr. Yuv Bharat Ram has been appointed as an additional director of the company with effect from August 4, 2024 to hold office upto the date of next Annual General Meeting of the company; Mr. Rahil Bharat Ram has been appointed as an additional director of the company with effect from August 4, 2024 to hold office upto the date of next Annual General Meeting of the Company. Mr. Jitendra Tuli was an editorial and communications consultant with World Health Organization, regional office for South East Asia, where he served as the Public Information Officer for Nineteen years. He has written for leading Newspapers and Magazines. He is deeply involved in the work for the less privileged ones, as trustee of Amarjyoti Charitable Trust and as founder member of Cancer Sehyog. Mr. Yuv Bharat Ram graduated in BFA Fashion Design, from Parsons The New School for Design, New York (August 2013 May 2017). He is a Creative Design Resource with an understanding of market realities, both aesthetically and commercially. He can conceptualize designs and sales strategies with the target demographic in mind. He is highly proficient in navigating client interactions both domestically and globally. He has worked with Hermes Paris France, Janavi New Delhi India, and Brunello Cuccinelli New York - USA. Currently, he is working as a Whole-Time Director of Purearth Infrastructure Limited. As an Executive Director for Marketing for the company his role focuses on sales and advertising strategy for the Amaryllis project to ensure maximum sales velocity. He is also Director on the Board of DCM Infotech Limited. He has experience of nearly 7 years in the industry. Mr. Rahil Bharat Ram holds a bachelor's in science from the University of Southern California, Viterbi School of Engineering. He is currently working as a Strategy and Management Consultant at the Boston Consulting Group (India). He has extensive experience in high-impact projects, including digital transformation, revenue acceleration, GenAI implementation and operational diagnostics for leading Global conglomerates. He possesses sector expertise in public, financial, IT, and power industries. At present, he is also serving on the boards of Purearth Infrastructure Limited and DCM Infotech. Prior to his stint at BCG, Mr. Bharat Ram worked in Investment Banking at BNP Paribas and as a Software Development Engineer at a US-based start-up. Ankündigung • Jul 31
DCM Limited Announces Resignation of Jitendra Tuli as Managing Director, Effective August 3, 2024 DCM Limited announced that Mr. Jitendra Tuli has resigned from position of managing director of the company with effect from the close of business hours on August 3, 2024. However he will continue on the board as non-executive non-independent director of the company with effect from August 4, 2024. The board has accepted and approved the same. Mr. Jitendra Tuli was an editorial and communications consultant with World Health Organization, regional office for South East Asia, where he served as the Public Information Officer for Nineteen years. He has written for leading Newspapers and Magazines. He is deeply involved in the work for the less privileged ones, as trustee of Amarjyoti Charitable Trust and as founder member of Cancer Sehyog. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹94.43, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 33x in the Industrials industry in India. Total returns to shareholders of 129% over the past three years. Board Change • Jul 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Woman Director Kavita Sharma was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 16
DCM Limited to Report Q4, 2024 Results on May 27, 2024 DCM Limited announced that they will report Q4, 2024 results on May 27, 2024 Ankündigung • Feb 06
DCM Limited to Report Q3, 2024 Results on Feb 13, 2024 DCM Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Ankündigung • Aug 26
DCM Limited, Annual General Meeting, Sep 28, 2023 DCM Limited, Annual General Meeting, Sep 28, 2023. Ankündigung • Aug 01
DCM Limited to Report Q1, 2024 Results on Aug 11, 2023 DCM Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Ankündigung • Feb 01
DCM Limited to Report Q3, 2023 Results on Feb 09, 2023 DCM Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 09, 2023 Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹16.15 (vs ₹9.55 loss in FY 2021) Full year 2022 results: EPS: ₹16.15 (up from ₹9.55 loss in FY 2021). Revenue: ₹1.07b (up 126% from FY 2021). Net income: ₹301.7m (up ₹480.1m from FY 2021). Profit margin: 28% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₹75.20, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 11x in the Industrials industry in India. Total returns to shareholders of 329% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to ₹95.55, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 12x in the Industrials industry in India. Total returns to shareholders of 417% over the past three years. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.44 (up from ₹3.23 loss in 3Q 2021). Revenue: ₹194.3m (up 59% from 3Q 2021). Net income: ₹8.30m (up ₹68.6m from 3Q 2021). Profit margin: 4.3% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 20% share price gain to ₹126, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 13x in the Industrials industry in India. Total returns to shareholders of 462% over the past three years. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹5.81 (vs ₹3.37 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹291.2m (up 161% from 1Q 2021). Net income: ₹108.7m (up ₹171.7m from 1Q 2021). Profit margin: 37% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 04
Full year 2021 earnings released: ₹9.55 loss per share (vs ₹15.70 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: ₹474.0m (down 75% from FY 2020). Net loss: ₹178.4m (loss narrowed 39% from FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Executive Departure • Jun 16
Company Secretary & Compliance Officer Vimal Gupta has left the company On the 9th of June, Vimal Gupta's tenure as Company Secretary & Compliance Officer ended after 1.6 years in the role. We don't have any record of a personal shareholding under Vimal's name. A total of 5 executives have left over the last 12 months. Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹3.23 loss per share (vs ₹6.95 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: ₹123.1m (down 11% from 3Q 2020). Net loss: ₹60.3m (loss narrowed 54% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 06
New 90-day high: ₹22.50 The company is up 1.0% from its price of ₹22.25 on 07 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: ₹17.35 The company is down 1.0% from its price of ₹17.50 on 17 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is up 2.0% over the same period.