DALMIA BHARAT LIMITED
₹1,324.70-₹83.10 (-5.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹39,489 Cr
- P/E
- 301.0x
- EV / EBITDA
- 298.5x
- Revenue
- ₹202 Cr
- Net margin
- 86.2%
- ROCE
- 0.2%
Price chart
Technical chartScreen technicals →-36.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -21.4%
- 3M
- -26.2%
- 6M
- -30.5%
- 1Y
- -36.9%
- 5Y
- -34.9%
52-week range
Day change -₹83.10 (-5.9%) from ₹1,408 to ₹1,325 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in DALBHARAT, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 153.0%
Concerns1
- Low return on equity of 1.4%
Rule-based from financial data. Not advice.
About the company
Dalmia Bharat Limited, together with its subsidiaries, manufactures and sells cement and its related products primarily in India. It offers ordinary Portland cement (OPC), Portland pozzolana cement (PPC), Portland composite cement (PCC), and Portland slag cement (PSC) under the Dalmia DSP Cement, Dalmia Cement, Dalmia Supreme, Konark Cement, InfraPro Cement, and InstaPro Cement brand names.
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Dalmia Bharat Limited, together with its subsidiaries, manufactures and sells cement and its related products primarily in India. It offers ordinary Portland cement (OPC), Portland pozzolana cement (PPC), Portland composite cement (PCC), and Portland slag cement (PSC) under the Dalmia DSP Cement, Dalmia Cement, Dalmia Supreme, Konark Cement, InfraPro Cement, and InstaPro Cement brand names. The company also provides Dalmia Magic Premium Skim Coat, a natural colour tone alternative to wall putty; Dalmia Magic FIBROTHICK, a versatile cement based micro-texture; Dalmia Magic Premium Ceilingfast, a fiber polymer modified cement-based plaster; Dalmia Magic INNOBOND, a versatile thin-set block jointing mortar for thin bed applications; Dalmia Magic INNOFIX, a versatile adhesive material for very thin bed applications; and Dalmia Infra Green products. It serves institutional and commercial establishments, individual home builders, and government bodies engaged in infrastructure development. The company was formerly known as Odisha Cement Limited and changed its name to Dalmia Bharat Limited in April 2019. Dalmia Bharat Limited was founded in 1939 and is headquartered in New Delhi, India.
- Sector
- Materials
- Shares outstanding
- 18.8 Cr shares
- ISIN
- INE00R701025
- BSE code
- 542216
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹39,489 Cr
- P/E
- 301.0x
- P/B
- 5.1x
- EV / EBITDA
- 298.5x
- EV / Sales
- 303.1x
- P/S
- 303.8x
- Earnings yield
- 0.3%
- 52-week high
- ₹2,245.50
- 52-week low
- ₹1,324.70
Profitability
- Operating margin
- 13.1%
- Net margin
- 86.2%
- EBITDA margin
- 101.5%
- ROE
- 1.4%
- ROCE
- 0.2%
- ROA
- 1.4%
- Dividend payout
- 153.0%
- Tax rate
- 9.0%
- Other income, % of PBT
- 93.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹202 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 55.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹132 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -38.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 69.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹30.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 172.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹2.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.5%
Solvency and efficiency
- Current ratio
- 77.62
- Debt / Equity
- 0.00
- Debt / Assets
- 0.00
- Debt / EBITDA
- 0.04
- Interest coverage
- 4.25
- Financial leverage
- 1.01
- CFO / Net profit
- 0.27
- Cash / Market cap
- 1.2%
- Cash per share
- ₹25.92
- Asset turnover
- 0.02
- Fixed asset turnover
- 1.97
- Capital intensity
- 0.51
- Debtor days
- 31 days
- Cash conversion cycle
- 31 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹94 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹179 Cr |
| Sales | Operating profit | ₹23 Cr |
| Operating profit | Interest | ₹1 Cr |
| Operating profit | Depreciation | ₹6 Cr |
| Operating profit | Profit before tax | ₹16 Cr |
| Other income | Profit before tax | ₹189 Cr |
| Profit before tax | Tax and other | ₹15 Cr |
| Profit before tax | Net profit | ₹190 Cr |
Revenue and net profit
Revenue grew 55.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹148 Cr | ₹25 Cr |
| FY2022 | ₹135 Cr | ₹183 Cr |
| FY2023 | ₹132 Cr | ₹195 Cr |
| FY2024 | ₹130 Cr | ₹112 Cr |
| FY2025 | ₹202 Cr | ₹190 Cr |
Cash flows
FY2025: ₹39.0 Cr from operations, ₹170 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹40 Cr | ₹110 Cr |
| FY2022 | -₹11 Cr | ₹294 Cr |
| FY2023 | ₹11 Cr | ₹253 Cr |
| FY2024 | ₹30 Cr | ₹98 Cr |
| FY2025 | ₹39 Cr | ₹170 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹202 Cr+55.4%1Y
- Net profit
- ₹190 Cr+69.6%1Y
- Cash from operations
- ₹39 Cr
- Free cash flow
- ₹170 Cr+73.5%1Y
- Revenue CAGR, 5Y
- -3.0%
- EBITDA CAGR, 5Y
- -4.5%
- Net profit CAGR, 5Y
- -3.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹202 Cr | ₹23 Cr | — | ₹190 Cr | ₹39 Cr | ₹170 Cr | 2.4% | +55.4% | +69.6% |
Monthly returns
Month-by-month returns of DALBHARAT across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹8,013 Cr |
| Equity capital | ₹38 Cr |
| Reserves | ₹7,800 Cr |
| Borrowings | ₹12 Cr |
| Other liabilities | ₹163 Cr |
| Assets | ₹8,013 Cr |
| Fixed assets | ₹71 Cr |
| Capital work in progress | ₹12 Cr |
| Investments | ₹7,385 Cr |
| Other assets | ₹545 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
DALBHARAT trades at 301.0x earnings against a peer median of 35.5x (a 749% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| DALMIA BHARAT LIMITEDDALBHARATthis companyP/E ↑ premium | ₹39,489 Cr | 301.0x | 5.1x | 1.4% | 298.5x |
| Hindustan Copper Ltd.HINDCOPPER | ₹52,185 Cr | 91.0x | 17.4x | 12.9% | 86.8x |
| Linde India LimitedLINDEINDIA | ₹51,732 Cr | 102.0x | 13.1x | — | — |
| PI Industries LimitedPIIND | ₹49,585 Cr | 28.1x | 4.5x | 19.9% | 21.5x |
| J.K. CEMENT LTDJKCEMENT | ₹44,693 Cr | 40.9x | 6.9x | 15.5% | 23.0x |
| Gujarat Fluorochemicals LimitedFLUOROCHEM | ₹37,983 Cr | 54.3x | 5.6x | 7.1% | 41.5x |
| ACC LtdACC | ₹32,052 Cr | 10.0x | 1.6x | — | — |
| Navin Fluorine International LimitedNAVINFLUOR | ₹30,702 Cr | 79.0x | 8.9x | 11.4% | 62.9x |
| The Ramco Cements LimitedRAMCOCEM | ₹25,613 Cr | 133.0x | 3.4x | 5.5% | 18.8x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
DALBHARAT since 1 January, against earlier years.
Historical volatility
DALBHARAT's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 10.0% |
| FY2022 | 16.0% |
| FY2023 | 11.0% |
| FY2024 | 13.0% |
| FY2025 | 11.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹202 Cr |
| Costs | |
| Interest | ₹1 Cr |
| Expenses | ₹179 Cr |
| Operating profitOperating Profit | ₹23 Cr |
| Other income and charges | |
| Profit before tax | ₹205 Cr |
| Tax | |
| Net profitNet Profit | ₹190 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹8,013 Cr |
| Equity capitalEquity Capital | ₹38 Cr |
| Reserves | ₹7,800 Cr |
| Borrowings | ₹12 Cr |
| Other liabilitiesOther Liabilities | ₹163 Cr |
| AssetsTotal Assets | ₹8,013 Cr |
| Fixed assetsFixed Assets | ₹71 Cr |
| Capital work in progressCWIP | ₹12 Cr |
| Investments | ₹7,385 Cr |
| Other assetsOther Assets | ₹545 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹39 Cr |
| Investing cash flowCash from Investing Activity | ₹131 Cr |
| Financing cash flowCash from Financing Activity | -₹172 Cr |
| Change in cashNet Cash Flow | -₹2 Cr |
Learn while you research
Academy chapters picked for DALMIA BHARAT LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 301.0, learn when high multiples are justified.6 min read
- 04 Growth Investing55% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read