{"id":132411,"date":"2022-08-04T06:22:56","date_gmt":"2022-08-04T10:22:56","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132411"},"modified":"2022-10-06T04:53:07","modified_gmt":"2022-10-06T08:53:07","slug":"dcm-shriram-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/dcm-shriram-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"DCM Shriram Ltd. Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"DCM Shriram Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/nzreCCdV3Ug?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from DCM Shriram Ltd. (<a href=\"https:\/\/44.250.171.167\/symbol\/DCMSHRIRAM\/\">DCMSHRIRAM<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Ahmed Madha of Unifi Capital asked about the FY23 volume outlook of the sugar business. Vikram Shriram VC replied that in FY23 the weather patterns have been relatively decent. And the company expects the volume to increase significantly.<\/li>\n<\/ul>\n<ul>\n<li>Ahmed Madha of Unifi Capital asked about the outlook on the PVC demand dynamics in the country and the increase in the imports of China. Ajay Shriram MD replied that PVC prices are seeing a very sharp decline. The company expects that this reaction of sharp drop in prices as possibly a knee-jerk reaction.<\/li>\n<\/ul>\n<ul>\n<li>Ahmed Madha of Unifi Capital enquired what will be the company\u2019s peak net debt by FY23 end or whenever the capex gets completed. Ajay Shriram Chairman said that the expectation is that net debt should be around INR1,500 crores by end of FY23.<\/li>\n<\/ul>\n<ul>\n<li>Ahmed Madha of Unifi Capital asked about the chlorine use, what\u2019s the company\u2019s plan for FY25. Ajay Shriram Chairman replied that the current consumption in Bharuch is about 5% captive and in Kota it is about 30% captive. Going forward this 40% broadly, the company should be able to maintain through pipelines and 4% captive will move up to above 10%.<\/li>\n<\/ul>\n<ul>\n<li>Pratiksha Daftari from Aequitas Investment enquired about the details of caustic production for the whole season in sugar division. Vikram Shriram VC MD replied that the company\u2019s total crush was about 549 lakh quintals, so the production was close to 54-55 lakh quintals. And inventory valuation was about 3,307.<\/li>\n<\/ul>\n<ul>\n<li>Pratiksha Daftari from Aequitas Investment asked about the outlook on Brazil supply in FY23 vs. FY22. Vikram Shriram VC MD replied that the Brazil crop is undergoing stress and because of oil prices, a large part of the crop is being diverted to Ethanol. The company expects that in the next sugar year, the exports will be roughly 7.5-8.5 million tons from India.<\/li>\n<\/ul>\n<ul>\n<li>Pratiksha Daftari from Aequitas Investment asked about demand scenario in caustic going ahead. Ajay Shriram Chairman replied that the prices in 1Q23 were about $700 and they are down by about 5-10%. The company doesn\u2019t expect the prices to go down more than 5-7% for the next couple of quarters.<\/li>\n<\/ul>\n<ul>\n<li>Pratiksha Daftari from Aequitas Investment enquired if the company is seeing any slowdown in demand, from textile or paper sector. Ajay Shriram Chairman clarified that demand is quite robust and that\u2019s why the India economy is doing quite okay.<\/li>\n<\/ul>\n<ul>\n<li>Anurag Patil of Roha Asset enquired about 2Q23 panning out in the Bioseed business. Vikram Shriram VC MD replied that due to delayed monsoon the increase in the paddy and course crops has declined. It\u2019s also a possibility that the company may see a decline in the sowing in paddy.<\/li>\n<\/ul>\n<ul>\n<li>Anurag Patil of Roha Asset asked about the acreage situation currently in cotton. Vikram Shriram VC MD replied that cotton has done well in terms of acreage and as of now due to reasonably good range in the cotton growing areas, the acreage is good.<\/li>\n<\/ul>\n<ul>\n<li>Vighnesh Iyer from Sequent Investments enquired about the capacity utilization for caustic soda and related chemicals and PVC. Ajay Shriram Chairman said that in 1Q23, the capacity utilization was 91% vs. 84% in 1Q22. For PVC it was 90% and aluminium chloride was almost 100%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from DCM Shriram Ltd. (DCMSHRIRAM) Q1 FY23 Earnings Concall Q&amp;A Highlights: Ahmed Madha of Unifi Capital asked about the FY23 volume outlook of the sugar business. Vikram Shriram VC replied that in FY23 the weather patterns have been relatively decent. And the company expects the volume to increase significantly. Ahmed Madha of Unifi [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"DCM Shriram Ltd. Q1 FY23 Earnings Conference Call Insights #DCMSHRIRAM #Q1 #FY23 #earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[8519,9478],"class_list":["post-132411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-chemicals","tag-industirals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136220,"url":"https:\/\/alphastreet.com\/india\/dcm-shriram-ltd-dcmshriram-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":132411,"position":0},"title":"DCM Shriram Ltd. (DCMSHRIRAM) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 21, 2022","format":false,"excerpt":"DCM Shriram Ltd.\u00a0(NSE:DCMSHRIRAM) Q2 FY23 Earnings Concall dated Oct. 21, 2022 Corporate Participants: Ajay S. Shriram -- Chairman & Senior Managing Director Vikram S .Shriram -- Vice Chairman & Managing Director Analysts: Neelam Saha -- Ventura Securities Limited -- Analyst Ahmed Madha -- Unifi Capital Pvt Ltd. -- Analyst Saket\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132386,"url":"https:\/\/alphastreet.com\/india\/dcm-shriram-ltd-dcmshriram-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":132411,"position":1},"title":"DCM Shriram Ltd (DCMSHRIRAM) Q1 FY23 Earnings Concall Transcript","author":"Sahil","date":"July 25, 2022","format":false,"excerpt":"DCM Shriram Ltd.\u00a0 (NSE:DCMSHRIRAM) Q1 FY23 Earnings Concall dated Jul. 25, 2022 Corporate Participants: Siddharth Rangnekar -- Moderator Ajay Shriram -- Chairman and Senior Managing Director Vikram Shriram -- Vice Chairman & Managing Director Analysts: Ahmed Madha -- Unifi Capital -- Analyst Pratiksha Daftari -- Aequitas Investment -- Analyst Anurag\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133879,"url":"https:\/\/alphastreet.com\/india\/triveni-turbine-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132411,"position":2},"title":"Triveni Turbine Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 2, 2022","format":false,"excerpt":"https:\/\/youtu.be\/1wBfEso1W_M Key highlights from Triveni Turbine Ltd (TRITURBINE) Q1 FY23 Earnings Concall Management Update: [00:07:34] TRITURBINE said that the company\u2019s capacity expansion that it started in 4Q22 and 3Q22 will be completed by Sept. 2022 and the augmented capacity will be sufficient to cater to the demand of the order\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133386,"url":"https:\/\/alphastreet.com\/india\/shriram-properties-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":132411,"position":3},"title":"Shriram Properties Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 17, 2022","format":false,"excerpt":"https:\/\/youtu.be\/L3Etjy1u_70 Key highlights from Shriram Properties Ltd (SHRIRAMPPS) Q1 FY23 Earnings Concall Management Update: SHRIRAMPPS said the company saw some softening compared to 4Q22 due to seasonality. However YonY, the company saw a very strong growth in demand. Q&A Highlights: Chaitanya Shah from Silverlight asked about the timeline of cash\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145401,"url":"https:\/\/alphastreet.com\/india\/dcm-shriram-ltd-dcmshriram-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":132411,"position":4},"title":"DCM Shriram Ltd (DCMSHRIRAM) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 8, 2023","format":false,"excerpt":"DCM Shriram Ltd (NSE:DCMSHRIRAM) Q4 FY23 Earnings Concall dated May. 05, 2023. Corporate Participants: Ajay S. Shriram\u00a0--\u00a0Chairman & Sr. Managing Director Ajit S. Shriram\u00a0--\u00a0Joint Managing Director Unidentified Speaker\u00a0-- Analysts: Siddharth Rangnekar\u00a0--\u00a0CDR India -- Analyst Riya Mehta\u00a0--\u00a0Equitas Investment Consultancy -- Analyst Ahmed Madha\u00a0--\u00a0Unifi Capital -- Analyst Vivek Ramakrishnan\u00a0--\u00a0DSP Mutual Fund --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":131345,"url":"https:\/\/alphastreet.com\/india\/dcm-shriram-ltd-dcmshriram-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":132411,"position":5},"title":"DCM Shriram Ltd. (DCMSHRIRAM) Q4 FY22 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 9, 2022","format":false,"excerpt":"DCM Shriram Ltd. (NSE:DCMSHRIRAM) Q4 FY22 Earnings Concall dated May. 09, 2022 Corporate Participants: Siddharth Rangnekar\u00a0-- Ajay Shriram\u00a0--\u00a0Chairman & Senior Managing Director Vikram Shriram\u00a0--\u00a0Vice Chairman & Managing Director Amit Agarwal\u00a0--\u00a0Chief Financial Officer K.K. Kaul\u00a0--\u00a0Wholetime Director Analysts: Pratiksha Daftary\u00a0--\u00a0Aequitas Investments -- Analyst Ahmed Madha\u00a0--\u00a0Unifi Capital -- Analyst Nirav Jimudia\u00a0--\u00a0Anvil Research --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132411"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}