DVD Shrink is good if you want to make a backup copy of your DVD's. I generally do this with my kids movies. The kids can then watch the 'backup', scratch it, draw pictures on it, ......, while the original stays in a safe place. The quality isn't perfect but good enough for them
If I understand you correctly then for what you want try xConverter - ConvertXtoDVD
great for converting divx/xvid AVI's, MKV's, etc to DVD format.
Alternatively buy a DVD/bluray/media player that can also play your files.