{"id":105570,"date":"2023-07-25T14:40:00","date_gmt":"2023-07-25T09:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105570"},"modified":"2023-07-25T15:26:39","modified_gmt":"2023-07-25T09:56:39","slug":"fertilizer-stock-falls-7-after-company-reports-77-7-decrease-in-net-profit-in-q1","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fertilizer-stock-falls-7-after-company-reports-77-7-decrease-in-net-profit-in-q1\/","title":{"rendered":"Fertilizer stock falls 7% after company reports 77.7% decrease in net profit in Q1"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-214600591\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of a small-cap fertilizer stock shed 7 percent on Tuesday\u2019s early trades to reach an intraday low of \u20b9 840.05 apiece on the National Stock Exchange (NSE). This happened after the company announced its result for the first quarter of the financial year 2023-24.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1271636836\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to an exchange filing, DCM Shriram\u2019s profit after tax for the April to June quarter (Q1FY24) came in at 56.58 crores, which is 77.72 percent lower than its profit after tax of \u20b9 253.96 crores reported in the corresponding quarter of the previous year. Its revenue fell marginally to \u20b9 2,924.96 crores in Q1FY24, as compared to \u20b9 2,961.63 crores in the corresponding quarter of the previous year.&nbsp;<\/p><p>DCM Shriram is engaged in the business of fertilizer, sugar and caustic soda. The company\u2019s business segments include Fertilizers, Chloro-Vinyl, Shriram Farm Solutions, Sugar, Bioseed and others.\u00a0<\/p><p>Commenting on the performance of the company in the latest quarter, in a joint statement, Mr. Ajay Shriram, Chairman &amp; Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman &amp; Managing Director, said, \u201cOur Chemicals and Vinyl businesses are facing challenges as a result of global disruptions in demand, supply and costs. We are taking measures in terms of scale, costs and integration that will help us weather these tough times.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3421871078\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>With a market capitalization of \u20b9 13,963 crores, DCM Shriram is a small-cap company. It has an ideal return on equity of 15.58 percent and an ideal debt-to-equity ratio of 0.28. Its shares were trading at a price-to-earnings ratio (P\/E) of 15.48, which is lower than the industry P\/E of 17.31, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 66.52 percent stake in it, followed by retail investors with 23.02 percent, domestic institutions with 7.36 percent, foreign institutions with 2.58 percent and mutual funds with 0.52 percent.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3482593209\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of a small-cap fertilizer stock shed 7 percent on Tuesday\u2019s early trades to reach an intraday low of \u20b9 840.05 apiece on the National Stock Exchange (NSE). This happened after the company announced its result for the first quarter of the financial year 2023-24.&nbsp; According to an exchange filing, DCM Shriram\u2019s profit after tax [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fertilizer stock falls 7% after company reports 77.7% decrease in net profit in Q1 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a small-cap fertilizer stock shed 7 percent on Tuesday\u2019s early trades to reach an intraday low of \u20b9 840.05 apiece on the National Stock Exchange (NSE). 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