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Dalmia Bharat Limited

Dalmia Bharat Limited

DALBHARAT.NS
Dalmia Bharat LimitedIN flagNational Stock Exchange of India
1,718.40
INR
-70.40
- -
322.31BMarket Cap
Dalmia Bharat Limited
DALBHARAT.NS
(National Stock Exchange of India)

Recent

price

1,718.40

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
417,809
399,744
333,498

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, along with its associated entities, stands as a prominent Indian conglomerate engaged primarily in the production and distribution of various building materials for both individual consumers and large-scale institutional clients. The company offers a comprehensive range of cement solutions, including Portland Pozzolana Cement, Portland Composite Cement, Portland Slag Cement, and Ordinary Portland Cement, in addition to specialized variants designed for specific applications like oil wells and railway infrastructure. These products are marketed under well-recognized names such as Dalmia Cement, Konark Cement, and Dalmia DSP, alongside newer brands like Dalmia Supreme and Dalmia Infra Pro. Beyond its core cement operations, the enterprise maintains significant interests in the sugar sector, producing a variety of grades and expanding its ethanol manufacturing capabilities. It also operates power generation facilities, often utilizing renewable sources like bagasse, to meet internal demands and contribute to the grid. While historically involved in refractories, Dalmia Bharat divested its Indian refractory business in fiscal year 2022-23. With an installed cement manufacturing capacity that reached 49.5 million tonnes per annum in FY2025, the company serves a broad clientele encompassing homebuilders, commercial establishments, and government bodies engaged in infrastructure projects across more than 23 states through an extensive network of channel partners. A key aspect of its strategy is a deep commitment to environmental stewardship, aiming to achieve carbon-negative status by 2040 through investments in clean energy transitions and sustainable production methods. Tracing its origins back to 1939, Dalmia Bharat Limited, formerly known as Odisha Cement Limited until its name change in April 2019, continues to operate from its headquarters in New Delhi, India.