DALBHARAT

Dalmia Bharat Ltd.

NSE: DALBHARAT

BSE: 542216

Sector: Construction Materials

Industry Group: Cement & Cement Products

Industry: Cement & Cement Products

1,768.10+20.2 (+1.16%)

3 Jul, 12:59 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

54.7 / 100

Value Score

65.2 / 100

Price Momentum Score

37.8 / 100

QVM Score

51.8 / 100

Key Metrics

Market Cap

32784.70

P/E (TTM)

28.78

P/B

1.80

P/S (TTM)

2.21

EV/EBITDA

11.16

CAPE (5Y)

33.95

ROE (TTM)

6.38

ROCE (TTM)

7.07

ROA (TTM)

3.59

Avg 3Y ROE

5.17

Earnings 3Y CAGR

3.14

Sales 3Y CAGR

3.02

Sales 5Y CAGR

7.07

Debt/Equity

0.41

Consensus TP

2200.00

Strong Buy %

24.24

Promoter Holding

55.84

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Dalmia Bharat Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Moderate operating margin but improving trend

The company reported moderate operating margin of 11.71% for 12-month ended 31 Mar 2026 but operating margin improved by 401 bps from 1 year ago

What is Operating profit margin?

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 66.91% for 12-month ended 31 Mar 2026 and the growth was 32.28 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.41 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.08 in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Negative

Expensive and at same valuation levels as industry median P/E

PE TTM of 28.78 indicates that the stock is expensive on a standalone basis. Discount to industry median P/E is modest at 0.0%

What is P/E Ratio?

Median: 28.78

Value 28.78

7.92370.04

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -18.02% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of 5.89% for 12-month ended 31 Mar 2026 and the growth was 2.62 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 8.51

Value 5.89

-21.8477.95

Low dividend yield

The company has a low dividend yield of 0.51%

What is Dividend yield?

Neutral

Low ROE but improving trend

The company reported low ROE of 6.38% for 12-month ended 31 Mar 2026 but ROE improved by 236 bps from 1 year ago

What is ROE (FY)?

Company's earnings are of moderate quality

Earnings quality score of 60.7 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

60.7 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Dalmia Bharat Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Dalmia Bharat Ltd. Shareholding Pattern

Quarterly breakdown of Dalmia Bharat Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Total Promoter	54.28	55.81	56.07	56.07	55.97	55.97	55.97	55.97	55.90	55.90	55.87	55.86	55.86	55.86	55.85	55.84	55.84	55.84	55.84	55.84	55.84	55.84	55.84	55.84	55.84
Indian Promoter	54.28	55.81	56.07	56.07	55.97	55.97	55.97	55.97	55.90	55.90	55.87	55.86	55.86	55.86	55.85	55.84	55.84	55.84	55.84	55.84	55.84	55.84	55.84	55.84	55.84
Foreign Promoter	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	20.85	18.10	17.93	17.53	18.49	18.93	19.84	20.02	19.77	19.92	20.61	20.70	21.54	22.85	23.69	24.12	24.13	23.17	23.65	23.90	24.84	25.73	26.69	27.03	27.52
Mutual Funds / UTI	3.26	2.45	2.31	2.65	3.36	4.10	4.61	5.14	5.65	5.75	6.22	6.13	6.65	6.77	6.51	7.96	8.54	7.33	7.53	8.17	10.04	10.66	13.13	15.31	16.68
FI/Bank/Insurance	0.32	0.31	0.16	0.10	0.10	0.09	0.10	0.09	0.09	0.09	1.60	1.65	1.50	1.60	2.27	2.49	3.60	5.86	6.70	6.14	5.99	6.06	4.40	3.42	3.53
Govt	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13
FII	15.29	14.15	14.22	13.53	13.46	13.14	13.77	13.46	12.63	12.59	12.34	12.43	12.87	13.91	14.13	12.96	11.37	9.43	8.94	9.08	8.29	8.23	8.75	7.92	7.15
Other Institutions	1.90	1.12	1.17	1.18	1.51	3.06	1.30	1.26	2.66	1.42	0.38	0.35	0.38	0.45	0.64	0.58	0.48	0.43	0.34	0.37	0.39	0.64	0.27	0.25	0.03
Non-Institution	24.87	26.09	25.99	26.40	25.53	25.10	24.18	24.01	24.33	24.18	23.51	23.45	22.60	21.29	20.47	20.03	20.03	20.99	20.52	20.26	19.32	18.43	17.47	17.12	16.63
Bodies Corporate	7.26	7.75	8.07	8.07	7.86	7.73	7.27	7.11	7.10	7.08	6.89	6.31	6.44	6.13	6.05	5.85	5.76	5.60	6.57	5.80	5.70	5.60	5.11	5.00	4.84
Others (incl. Retail) No. of shareholders	17.61 39,699	18.34 30,657	17.92 31,747	18.33 28,909	17.67 30,692	17.37 35,252	16.91 48,038	16.90 56,778	17.23 61,466	17.10 65,102	16.62 61,777	17.14 58,512	16.16 55,958	15.16 50,334	14.42 47,864	14.18 51,426	14.27 60,227	15.39 87,257	13.95 92,820	14.46 89,079	13.62 85,018	12.83 75,519	12.36 74,731	12.12 72,630	11.79 62,783

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Cement & Cement Products	4.91%	6 / 21
2	Nifty Midcap 150 Momentum 50	0.38%	46 / 50
3	Nifty Midcap 150	0.35%	107 / 149
4	NIFTY Large Midcap 250	0.18%	177 / 250
5	Nifty 500	0.07%	236 / 499
6	Nifty Total Market	0.07%	241 / 749

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Dalmia Bharat Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Keshav Power Limited Promoter Group	March-2026	Inter-se Transfer (Disposal) 27th Mar 2026	36.42 %	₹ 1,799.92	7.21 lac	₹ 129.77 cr
Dalmia Bharat Refractories Limited Promoter Group	March-2026	Inter-se Transfer (Acquisition) 27th Mar 2026	1.70 %	₹ 1,798.00	3.33 lac	₹ 59.87 cr
Rama Investment Company Private Limited Promoter Group	March-2026	Inter-se Transfer (Acquisition) 27th Mar 2026	4.83 %	₹ 1,801.55	3.88 lac	₹ 69.90 cr
R.K. Agrawal Other	August-2021	Market Sale (Disposal) 5th Aug 2021	0.01 %	₹ 2,150.00	1.00 k	₹ 21.50 lac
C.N. Maheshwari Designated Person	July-2021	Market Sale (Disposal) 2nd Jul 2021	0.01 %	₹ 1,890.00	300.00	₹ 5.67 lac
R.A. Krishnakumar Designated Person	June-2021	Market Sale (Disposal) 30th Jun 2021	0.01 %	₹ 1,899.90	500.00	₹ 9.50 lac
C.N. Maheshwari Designated Person	June-2021	Market Sale (Disposal) 25th Jun 2021	0.01 %	₹ 1,875.00	200.00	₹ 3.75 lac
T. Venkatesan Designated Person	June-2021	Market Sale (Disposal) 24th Jun 2021	0.02 %	₹ 1,847.97	600.00	₹ 11.09 lac
Niddodi Subrao Rajan Director	June-2021	Market Purchase (Acquisition) 4th Jun 2021	0.01 %	₹ 1,806.36	1.00 k	₹ 18.06 lac
Niddodi Subrao Rajan Director	June-2021	Market Purchase (Acquisition) 3rd Jun 2021	0.01 %	₹ 1,803.62	1.50 k	₹ 27.05 lac

…

Corporate Actions

History of Dalmia Bharat Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 5/share
Record date: 23rd Jun 2026Ex-date: 23rd Jun 2026
Announced on: 28th Apr 2026
Dividend₹ 4/share
Record date: 25th Oct 2025Ex-date: 24th Oct 2025
Announced on: 17th Oct 2025
Dividend₹ 5/share
Record date: 23rd Jun 2025Ex-date: 23rd Jun 2025
Announced on: 23rd Apr 2025
Dividend₹ 4/share
Record date: 26th Oct 2024Ex-date: 25th Oct 2024
Announced on: 9th Oct 2024
Dividend₹ 5/share
Record date: 19th Jun 2024Ex-date: 19th Jun 2024
Announced on: 24th Apr 2024

Company Profile

Overview of Dalmia Bharat Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Dalmia Bharat Limited is an India-based cement manufacturing company. The Company is principally engaged in the business of manufacturing and selling cement and its related products. The Company is also engaged in providing management services. The Company’s products include Ordinary Portland Cement...

Key personnel

Mr. Dharmender Tuteja

Chief Financial Officer

Mr. Rajeev Kumar

Compliance Officer, Company Secretary

Mr. Rajiv Choubey

Group General Counsel

Mr. K. C. Birla

Head Projects

Mr. Ganesh Wamanrao Jirkuntwar

National Manufacturing Head - DCBL

Mr. Udaiy Khanna

Chief Human Resources Officer - DCBL

Mr. Yatin Malhotra

Chief Financial Officer - DCBL

Mr. Mahendra Singhi

Non-Executive Director and Advisor, DCBL

View all

Incorporated on

12 Jul 2013

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

5,864

IPO date

21 Dec 2018

Free Float

7,28,24,489

Website

https://www.dalmiabharat.com/

Phone no.

+911123465100

Address

11th & 12th Floors,, Hansalaya Building,, 15, Barakhamba Road,, NEW DELHI, 110001, India

Frequently Asked Questions

What is the current share price of Dalmia Bharat Ltd.?

The current share price of Dalmia Bharat Ltd. is ₹ 1,768.10 as of 3 Jul 2026.

What is the market capitalisation of Dalmia Bharat Ltd.?

The market capitalisation of Dalmia Bharat Ltd. stands at ₹ 32,784.70 Cr.

What is the PE ratio of Dalmia Bharat Ltd.?

The Price-to-Earnings (PE) ratio of Dalmia Bharat Ltd. is 28.78 as of the latest trailing twelve months data.

What is the ROE and ROCE of Dalmia Bharat Ltd.?

Dalmia Bharat Ltd. has a Return on Equity (ROE) of 6.38% and a Return on Capital Employed (ROCE) of 7.07% as per the latest financial reports.

What is the 52-week high and low of Dalmia Bharat Ltd.?

The 52-week high of Dalmia Bharat Ltd. is - and the 52-week low is -.

What is the dividend yield of Dalmia Bharat Ltd.?

The dividend yield of Dalmia Bharat Ltd. is 0.51% based on the current market price.

What is the FII and DII holding in Dalmia Bharat Ltd.?

Foreign Institutional Investors (FII) hold 7.15%, Domestic Institutional Investors (DII) hold 20.21% and retail/public investors hold 11.79% of Dalmia Bharat Ltd. shares.

What sector does Dalmia Bharat Ltd. belong to?

Dalmia Bharat Ltd. operates in the Construction Materials sector. 66.67% of analysts have a Buy or Strong Buy rating on Dalmia Bharat Ltd. with a consensus target price of ₹ 2,200.00, implying 25.87% upside from current levels.

What is the beta of Dalmia Bharat Ltd.?

The beta of Dalmia Bharat Ltd. is 1.18, indicating its price volatility relative to the broader market. Over the past 1 year, Dalmia Bharat Ltd. has delivered an absolute return of -15.77%.

What is the RSI of Dalmia Bharat Ltd.?

The 14-day Relative Strength Index (RSI) of Dalmia Bharat Ltd. is 53.49, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Dalmia Bharat Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Dalmia Bharat Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Corporate Actions

Company Profile

Stock Analysis

Holdings and Presence