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Dalmia Bharat Limited

Dalmia Bharat Limited

DALBHARAT.BO
Dalmia Bharat LimitedIN flagBombay Stock Exchange
1,719.35
INR
-69.05
- -
322.49BMarket Cap
Dalmia Bharat Limited
DALBHARAT.BO
(Bombay Stock Exchange)

Recent

price

1,719.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
624.6
441.09
477.62
493.11
532.63
590.95
706.2
764.39
745.46
789.33
607.49
Revenue per Share
38.77
15.15
15.98
11.61
62.45
43.6
55.22
44.05
36.42
60.73
48.12
Basic EPS, GAAP
- -
62.47
47.58
51.31
137
8.71
-24.38
-10.24
-29.17
11.84
- -
Free Cash Flow per Basic Share
- -
1.71
2.08
4.82
- -
5.34
9.02
9.01
9.01
9.01
- -
Dividend per Share
10
425.37
97.69
114.48
190.01
259.78
305.7
342.57
369.85
2.03
2.03
Book Value per Share
378.3
279.83
318.76
343.23
484.75
674.94
670.03
722.96
790.74
828.15
828.63
Tangible Book Value per Share
57
193
193
193
188
187
187
188
188
188
187
Basic Weighted Avg Shares
35,540
85,010
92,060
95,150
99,880
110,600
132,370
143,340
139,800
148,040
113,870
Sales/Revenue/Turnover
11.39
9.74
7.07
6.31
15.22
11.19
7.74
7.98
7.7
11.71
11.94
Operating Margin (%)
4,854
12,130
12,960
15,280
12,500
12,360
13,150
15,040
13,310
13,490
10,270
Depreciation Expense
2,206
2,920
3,080
2,240
11,710
8,160
10,350
8,260
6,830
11,390
9,020
Net Income, GAAP
33.19
25.19
- -
33.33
13.05
27.34
18.26
20.19
14.44
20.14
18.9
Effective Tax Rate (%)
6.21
3.43
3.35
2.35
11.72
7.38
7.82
5.76
4.89
7.69
7.92
Profit Margin (%)
11,041
22,240
12,200
8,640
12,370
28,460
28,900
33,820
31,060
31,030
31,030
Working Capital
12,700
54,590
40,150
35,640
21,900
19,620
32,990
45,700
50,000
67,590
67,590
LT Debt
44,846
103,050
106,500
106,290
128,440
161,330
157,440
165,070
175,000
181,230
181,230
Total Equity
- -
5.32
- -
2.42
7.91
4.97
4.26
4.41
4.11
5.66
4.51
Return on Invested Capital (%)
- -
8.81
- -
5.61
18.22
11.88
13.22
10.52
8.37
14.78
11.57
Return on Capital (%)
- -
7.07
6.11
10.95
40.58
19.37
19.54
13.59
10.22
32.66
25.87
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
6,470
LT Borrowings
- -
- -
61,680
LT Finance Leases
- -
- -
5,910
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
188
Market Capitalization
417,415
400,091
332,889

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
87,770
Cash, Cash Equivalents & STI
- -
- -
57,760
Accounts Receivable, Net
- -
- -
8,640
Inventories
- -
- -
11,920
Total Current Liabilities
- -
- -
56,740
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
6,470
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.53%
3.56%
Free Cash Flow
- -
-97.54%
-140.59%
Net Income, GAAP
- -
5.16%
66.76%
Sales/Revenue/Turnover
- -
8.42%
5.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,270
31,530
36,040
39,610
143,340
2025
36,210
30,870
31,810
40,910
139,800
2026
36,360
- -
35,060
42,450
148,040

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.93
6.3
14.02
- -
44.05
2025
7.52
2.45
3.25
23.2
36.42
2026
20.95
- -
6.5
20.69
60.73

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9.01
2025
- -
- -
- -
- -
9.01
2026
- -
- -
- -
- -
9.01
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Business
Dalmia Bharat Limited (BSE/NSE: DALBHARAT) is an India-based cement manufacturing company principally engaged in the production and sale of cement and related products. The company offers Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Pozzolana Cement (PPC), Portland Composite Cement (PCC), and other specialty cements; key brands include Dalmia DSP Cement, Dalmia Cement, Konark Cement, Dalmia Infra PRO, Dalmia Infra Green, Dalmia Insta Pro, and Dalmia Magic; it also provides cement-based surface finish solutions as alternatives to putty and management services. Founded in 1939 and headquartered in New Delhi, the company operates 15 state-of-the-art manufacturing units across 10 states in India, servicing more than 23 states through a network of approximately 49,300 channel partners, with an installed cement production capacity of 49.5 million tonnes per annum. Dalmia Bharat Limited maintains leadership as one of India's fourth-largest cement producers and among the largest producers of Portland Slag Cement, targeting individual consumers and institutional customers in the construction sector with a focus on infrastructure projects such as the Hirakud Dam, Chennai Metro, Salt Lake Stadium, and Dhola Sadiya Bridge. Subsidiaries include Dalmia Cement (Bharat) Limited, Dalmia Cement (North-East) Limited, and Dalmia Bharat Green Vision Limited. The company also participates in the sugar sector through affiliates and emphasizes sustainability, achieving one of the lowest carbon footprints globally in cement, with commitments to 100% renewable energy by 2030 (RE100), carbon negativity by 2040, and water positivity. In recent developments, Dalmia Cement (Bharat) Limited, a wholly-owned subsidiary, acquired a 26% equity stake in Solis Urja Energy in January 2025 for ₹1.75 crore to secure up to 7.0 MWp captive solar power in Andhra Pradesh, supporting sustainability goals. The Competition Commission of India approved the subsidiary's 100% acquisition of Jaiprakash Associates in August 2025 as part of strategic expansion efforts. The company achieved its 49.5 million tonnes per annum capacity target in FY25, including a 1.6 million tonnes expansion at Rohtas Cement Works in Bihar, and is advancing organic growth projects such as a 3.6 million tonne clinker line at Umrangso (commercial production expected Q3 FY26), alongside expansions in Belgaum, Pune, Kadapa, and additional 12 million tonnes capacity across Andhra Pradesh, Karnataka, and other regions targeting 62 million tonnes by FY28.