DCM Shriram Industries (NSE:DCMSRIND) Cyclically Adjusted PS Ratio: 0.16 (As of Jul. 25, 2026) — 700% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:DCMSRIND DCM Shriram Industries Ltd NSE:DCMSRIND
56 GF Score
Price ₹39.86
GF Value ₹3.34
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is DCM Shriram Industries Cyclically Adjusted PS Ratio?

DCM Shriram Industries NSE:DCMSRIND -0.05% 56 Cyclically Adjusted PS Ratio is 0.16 as of Jul. 25, 2026, which is 700% above its 10-year median of 0.02. GuruFocus rates NSE:DCMSRIND with a GF Score™ of 56/100 and a GF Value™ of ₹3.34 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,449 Consumer Packaged Goods companies, DCM Shriram Industries ranks better than 89.44% on this metric.

As of today (2026-07-25), DCM Shriram Industries's current share price is ₹39.86. DCM Shriram Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹252.19. DCM Shriram Industries's Cyclically Adjusted PS Ratio for today is 0.16.

The historical rank and industry rank for DCM Shriram Industries's Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:DCMSRIND' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.02   Max: 0.22
Current: 0.16

During the past years, DCM Shriram Industries's highest Cyclically Adjusted PS Ratio was 0.22. The lowest was 0.02. And the median was 0.02.

NSE:DCMSRIND's Cyclically Adjusted PS Ratio is ranked better than
89.44% of 1449 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs NSE:DCMSRIND: 0.16

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

DCM Shriram Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹31.281. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹252.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DCM Shriram Industries  (NSE:DCMSRIND) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


DCM Shriram Industries Cyclically Adjusted PS Ratio Related Terms


DCM Shriram Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DCM Shriram Industries's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DCM Shriram Industries Cyclically Adjusted PS Ratio Chart

DCM Shriram Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.02 0.02 0.14

DCM Shriram Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.24 0.14

NSE:DCMSRIND vs MDLZ, HSY, TR: Cyclically Adjusted PS Ratio Comparison

For the Confectioners subindustry, DCM Shriram Industries's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DCM Shriram Industries Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, DCM Shriram Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where DCM Shriram Industries's Cyclically Adjusted PS Ratio falls into.


NSE:DCMSRIND
56GF Score
DCM Shriram Industries Ltd NSE:DCMSRIND
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DCM Shriram Industries Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

DCM Shriram Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.86/252.19
=0.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DCM Shriram Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, DCM Shriram Industries's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=31.281/164.2724*164.2724
=31.281

Current CPI (Mar. 2026) = 164.2724.

DCM Shriram Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201209 29.629 82.244 59.180
201212 34.647 83.774 67.939
201303 31.774 85.687 60.915
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 52.444 111.317 77.393
201809 46.950 115.142 66.983
201812 46.409 115.142 66.211
201903 41.605 118.202 57.821
201906 45.220 120.880 61.453
201909 40.238 123.175 53.663
201912 57.550 126.235 74.891
202003 49.629 124.705 65.376
202006 46.129 127.000 59.667
202009 59.485 130.118 75.099
202012 55.956 130.889 70.228
202103 56.007 131.771 69.821
202106 53.201 134.084 65.179
202109 55.139 135.847 66.677
202112 57.941 138.161 68.892
202203 74.500 138.822 88.158
202206 80.674 142.347 93.100
202209 62.249 144.661 70.688
202212 65.485 145.763 73.801
202303 60.751 146.865 67.952
202306 59.360 150.280 64.887
202309 65.930 151.492 71.492
202312 53.318 152.924 57.275
202403 57.762 153.035 62.004
202406 62.916 155.789 66.342
202409 60.432 157.882 62.878
202412 29.826 158.323 30.947
202503 27.804 157.552 28.990
202506 56.790 159.755 58.396
202509 60.258 162.289 60.994
202512 29.328 163.281 29.506
202603 31.281 164.272 31.281

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.16 mean?
DCM Shriram Industries (NSE:DCMSRIND) has a Cyclically Adjusted PS Ratio of 0.16 as of Jul. 25, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on DCM Shriram Industries and its competitors. This is 700% above median its historical median of 0.02. Over the past decade, DCM Shriram Industries' Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.22. According to the industry distribution chart, DCM Shriram Industries ranks #153 out of 1449 companies in the Consumer Packaged Goods industry, placing it in the top 10.6%.
Is DCM Shriram Industries' Cyclically Adjusted PS Ratio too high?
DCM Shriram Industries' current Cyclically Adjusted PS Ratio of 0.16 is 700% above median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.22. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. DCM Shriram Industries' value of 0.16 is 79.2% below this industry median. Based on the distribution chart, DCM Shriram Industries ranks #153 out of 1449 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, DCM Shriram Industries has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DCM Shriram Industries' Cyclically Adjusted PS Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, DCM Shriram Industries ranks #153 out of 1449 companies for Cyclically Adjusted PS Ratio. This places DCM Shriram Industries in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.77. DCM Shriram Industries' value of 0.16 is 79.2% below this benchmark. Historically, DCM Shriram Industries' own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.22 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 0.77, DCM Shriram Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,449 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DCM Shriram Industries's current Cyclically Adjusted PS Ratio of 0.16 is 79.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on DCM Shriram Industries and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DCM Shriram Industries's current Cyclically Adjusted PS Ratio is 0.16, which is 700% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DCM Shriram Industries stock overvalued right now?
Based on GuruFocus' analysis, DCM Shriram Industries (NSE:DCMSRIND) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3.34, compared to a current price of ₹39.86 — trading 1093.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.16, which is 700% above median its 10-year median of 0.02 and 79.2% below the Consumer Packaged Goods industry median of 0.77. DCM Shriram Industries' overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For DCM Shriram Industries (NSE:DCMSRIND), the current Cyclically Adjusted PS Ratio is 0.16 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DCM Shriram Industries (NSE:DCMSRIND) Overvalued in 2026?

Based on GuruFocus' analysis, DCM Shriram Industries stock appears to be overvalued. The current stock price of ₹39.86 is trading 1093.4% above its estimated GF Value™ of ₹3.34. GuruFocus considers DCM Shriram Industries to be Significantly Overvalued.

Key valuation signals for NSE:DCMSRIND:

  • Cyclically Adjusted PS Ratio: 0.16 (700% above median its 10-year median of 0.02)
  • GF Value™: ₹3.34 vs. price of ₹39.86 (1093.4% above fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 79.2% below the Consumer Packaged Goods median (#153 of 1449)

No single metric tells the full story. See the NSE:DCMSRIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DCM Shriram Industries Business Description

Other Exchanges 523369:India
Address 18, Barakhamba Road, 5th Floor, Kanchenjunga Building, New Delhi, IND, 110001
DCM Shriram Industries Ltd is engaged in the production and sale of sugar, alcohol, power, chemicals, and industrial fibers. The group's reportable operating segments include Sugar, Industrial fibres and related products, and Chemicals. The majority of its revenue is generated from the Sugar segment, which comprises sugar, power, and alcohols. The Industrial fibers and related products segment comprises rayon, synthetic yarn, cord, fabric, and others, and the Chemicals segment comprises organics and fine chemicals. Geographically, the group derives a majority of its revenue from India and also has a presence in Europe, China, and the Rest of the World.
56GF Score

Get the complete analysis for NSE:DCMSRIND

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹39.86
Price
₹3.34
GF Value