Nifty
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:
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10.25 (0.04%)
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Nifty
Sensex
:
:
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85720.38
10.25 (0.04%)
110.87 (0.13%)

Dalmia Bharat Ltd.

Cement

Rating :
57/99

BSE: 542216 | NSE: DALBHARAT

NSE BSE
2019.20
27-Nov-2025
  • Open
  • High
  • Low
  • Previous Close
  •  2030
  •  2030.2
  •  1997
  •  2026.60
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  276084
  •  554929286.4
  •  2496.3
  •  1601

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 37,853.46
  • 33.65
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 44,358.46
  • 0.45%
  • 2.14

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 55.84%
  • 5.11%
  • 8.66%
  • FII
  • DII
  • Others
  • 8.75%
  • 17.57%
  • 4.07%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • 6.70
  • 1.04

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • -2.71
  • 0.83

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • -10.27
  • -13.05

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 37.84
  • 41.12

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 2.28
  • 2.28

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • 14.46
  • 15.47

Earnings Forecasts:

(Updated: 22-11-2025)
Description
2024
2025
2026
2027
Adj EPS
36.42
68.42
77.39
93.9
P/E Ratio
55.44
29.51
26.09
21.50
Revenue
13980
15357
16879.5
18750.9
EBITDA
2407
3291.88
3741.56
4332.14
Net Income
683
1254.17
1450.1
1761.24
ROA
2.36
5.97
6.63
7.31
P/B Ratio
2.18
2.06
1.93
1.80
ROE
4.04
7.04
7.48
8.39
FCFF
-875
-261.21
-482.77
20.06
FCFF Yield
-2.24
-0.67
-1.24
0.05
Net Debt
1008
2483.53
3546.39
3666.47
BVPS
926.29
977.98
1044.32
1124.39

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Net Sales
3,417.00
3,087.00
10.69%
3,636.00
3,621.00
0.41%
4,091.00
4,307.00
-5.02%
3,181.00
3,604.00
-11.74%
Expenses
2,721.00
2,653.00
2.56%
2,753.00
2,952.00
-6.74%
3,298.00
3,653.00
-9.72%
2,670.00
2,825.00
-5.49%
EBITDA
696.00
434.00
60.37%
883.00
669.00
31.99%
793.00
654.00
21.25%
511.00
779.00
-34.40%
EBIDTM
20.37%
14.06%
24.28%
18.48%
19.38%
15.18%
16.06%
21.61%
Other Income
66.00
73.00
-9.59%
49.00
50.00
-2.00%
93.00
120.00
-22.50%
37.00
60.00
-38.33%
Interest
122.00
98.00
24.49%
108.00
95.00
13.68%
105.00
94.00
11.70%
101.00
108.00
-6.48%
Depreciation
322.00
336.00
-4.17%
322.00
317.00
1.58%
314.00
328.00
-4.27%
364.00
370.00
-1.62%
PBT
318.00
73.00
335.62%
518.00
194.00
167.01%
467.00
352.00
32.67%
83.00
361.00
-77.01%
Tax
79.00
24.00
229.17%
123.00
49.00
151.02%
28.00
32.00
-12.50%
17.00
95.00
-82.11%
PAT
239.00
49.00
387.76%
395.00
145.00
172.41%
439.00
320.00
37.19%
66.00
266.00
-75.19%
PATM
6.99%
1.59%
10.86%
4.00%
10.73%
7.43%
2.07%
7.38%
EPS
12.42
2.42
413.22%
20.68
7.42
178.71%
22.89
16.58
38.06%
3.21
13.84
-76.81%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
14,325.00
13,980.00
14,691.00
13,552.00
11,286.00
10,110.00
9,674.00
9,484.00
8,580.00
7,447.00
Net Sales Growth
-2.01%
-4.84%
8.40%
20.08%
11.63%
4.51%
2.00%
10.54%
15.21%
 
Cost Of Goods Sold
2,250.00
2,328.00
2,703.00
1,981.00
1,472.00
1,543.00
1,746.00
1,785.00
1,510.00
1,257.00
Gross Profit
12,075.00
11,652.00
11,988.00
11,571.00
9,814.00
8,567.00
7,928.00
7,699.00
7,070.00
6,190.00
GP Margin
84.29%
83.35%
81.60%
85.38%
86.96%
84.74%
81.95%
81.18%
82.40%
83.12%
Total Expenditure
11,442.00
11,573.00
12,054.00
11,243.00
8,914.00
7,348.00
7,591.00
7,647.00
6,559.00
5,553.00
Power & Fuel Cost
-
2,903.00
3,116.00
3,679.00
2,570.00
1,659.00
1,738.00
1,756.00
1,405.00
1,036.00
% Of Sales
-
20.77%
21.21%
27.15%
22.77%
16.41%
17.97%
18.52%
16.38%
13.91%
Employee Cost
-
885.00
871.00
771.00
744.00
659.00
675.00
648.00
609.00
591.00
% Of Sales
-
6.33%
5.93%
5.69%
6.59%
6.52%
6.98%
6.83%
7.10%
7.94%
Manufacturing Exp.
-
1,008.00
977.00
933.00
812.00
644.00
319.00
652.00
582.00
1,894.00
% Of Sales
-
7.21%
6.65%
6.88%
7.19%
6.37%
3.30%
6.87%
6.78%
25.43%
General & Admin Exp.
-
498.00
509.00
470.38
399.58
351.00
652.00
353.00
261.00
244.00
% Of Sales
-
3.56%
3.46%
3.47%
3.54%
3.47%
6.74%
3.72%
3.04%
3.28%
Selling & Distn. Exp.
-
3,428.00
3,388.00
2,991.00
2,501.00
2,183.00
2,093.00
2,049.00
1,791.00
225.00
% Of Sales
-
24.52%
23.06%
22.07%
22.16%
21.59%
21.64%
21.60%
20.87%
3.02%
Miscellaneous Exp.
-
523.00
490.00
417.62
415.42
309.00
368.00
404.00
401.00
306.00
% Of Sales
-
3.74%
3.34%
3.08%
3.68%
3.06%
3.80%
4.26%
4.67%
4.11%
EBITDA
2,883.00
2,407.00
2,637.00
2,309.00
2,372.00
2,762.00
2,083.00
1,837.00
2,021.00
1,894.00
EBITDA Margin
20.13%
17.22%
17.95%
17.04%
21.02%
27.32%
21.53%
19.37%
23.55%
25.43%
Other Income
245.00
253.00
317.00
145.00
214.00
204.00
226.00
359.00
274.00
296.00
Interest
436.00
399.00
386.00
234.00
202.00
318.00
424.00
561.00
693.00
856.00
Depreciation
1,322.00
1,331.00
1,498.00
1,305.00
1,235.00
1,250.00
1,528.00
1,296.00
1,213.00
1,226.00
PBT
1,386.00
930.00
1,070.00
915.00
1,149.00
1,398.00
357.00
339.00
389.00
108.00
Tax
247.00
118.00
216.00
242.00
315.00
178.00
119.00
-10.00
98.00
74.00
Tax Rate
17.82%
14.44%
20.19%
31.39%
27.46%
13.05%
33.33%
-2.95%
25.19%
68.52%
PAT
1,139.00
683.00
827.00
1,039.00
808.00
1,174.00
224.00
308.00
292.00
44.00
PAT before Minority Interest
1,125.00
699.00
854.00
1,083.00
837.00
1,186.00
238.00
349.00
291.00
34.00
Minority Interest
-14.00
-16.00
-27.00
-44.00
-29.00
-12.00
-14.00
-41.00
1.00
10.00
PAT Margin
7.95%
4.89%
5.63%
7.67%
7.16%
11.61%
2.32%
3.25%
3.40%
0.59%
PAT Growth
46.03%
-17.41%
-20.40%
28.59%
-31.18%
424.11%
-27.27%
5.48%
563.64%
 
EPS
60.71
36.41
44.08
55.38
43.07
62.58
11.94
16.42
15.57
2.35

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
17,374.00
16,397.00
15,628.00
16,061.00
12,810.00
10,561.00
10,639.00
10,335.00
9,629.00
Share Capital
38.00
38.00
37.00
37.00
37.00
39.00
39.00
0.00
0.00
Total Reserves
17,336.00
16,358.00
15,579.00
16,003.00
12,767.00
10,511.00
10,586.00
3,667.00
2,963.00
Non-Current Liabilities
7,448.00
6,731.00
5,315.00
3,869.00
4,219.00
5,203.00
5,706.00
7,063.00
7,879.00
Secured Loans
4,605.00
4,431.00
3,210.00
1,917.00
1,889.00
3,147.00
3,943.00
5,231.00
5,926.00
Unsecured Loans
0.00
0.00
0.00
5.00
200.00
358.00
72.00
228.00
328.00
Long Term Provisions
313.00
264.00
236.00
181.00
176.00
140.00
170.00
84.00
140.00
Current Liabilities
5,223.00
4,474.00
4,460.00
4,666.00
4,823.00
5,089.00
4,182.00
3,966.00
3,783.00
Trade Payables
1,539.00
1,316.00
1,135.00
850.00
899.00
829.00
877.00
928.00
890.00
Other Current Liabilities
2,961.00
2,820.00
2,605.00
3,269.00
2,961.00
2,873.00
2,256.00
2,104.00
1,573.00
Short Term Borrowings
454.00
14.00
365.00
208.00
822.00
1,246.00
908.00
863.00
1,233.00
Short Term Provisions
269.00
324.00
355.00
339.00
141.00
141.00
141.00
71.00
87.00
Total Liabilities
30,171.00
27,712.00
25,519.00
24,668.00
21,886.00
20,878.00
20,538.00
21,334.00
21,262.00
Net Block
17,265.00
15,731.00
14,783.00
14,135.00
13,625.00
12,555.00
13,573.00
14,037.00
15,516.00
Gross Block
29,242.00
26,549.00
24,372.00
22,547.00
20,923.00
18,744.00
18,318.00
17,565.00
17,835.00
Accumulated Depreciation
11,977.00
10,818.00
9,589.00
8,412.00
7,298.00
6,189.00
4,745.00
3,528.00
2,319.00
Non Current Assets
21,842.00
19,856.00
18,169.00
17,156.00
15,826.00
14,942.00
15,134.00
15,144.00
16,486.00
Capital Work in Progress
2,616.00
2,395.00
1,871.00
1,045.00
1,006.00
1,740.00
520.00
173.00
128.00
Non Current Investment
675.00
590.00
589.00
1,305.00
741.00
118.00
109.00
97.00
99.00
Long Term Loans & Adv.
923.00
948.00
788.00
576.00
356.00
382.00
527.00
251.00
365.00
Other Non Current Assets
322.00
191.00
137.00
94.00
98.00
147.00
405.00
586.00
378.00
Current Assets
8,314.00
7,830.00
6,460.00
7,357.00
6,060.00
5,936.00
5,404.00
6,190.00
4,776.00
Current Investments
4,444.00
3,872.00
2,935.00
4,399.00
3,293.00
2,698.00
2,315.00
3,408.00
2,641.00
Inventories
1,386.00
1,218.00
1,316.00
945.00
760.00
974.00
1,032.00
779.00
652.00
Sundry Debtors
889.00
836.00
700.00
673.00
511.00
664.00
549.00
564.00
530.00
Cash & Bank
158.00
582.00
285.00
160.00
247.00
403.00
469.00
354.00
175.00
Other Current Assets
1,437.00
910.00
892.00
786.00
1,249.00
1,197.00
1,039.00
1,085.00
778.00
Short Term Loans & Adv.
352.00
412.00
332.00
394.00
266.00
241.00
400.00
355.00
185.00
Net Current Assets
3,091.00
3,356.00
2,000.00
2,691.00
1,237.00
847.00
1,222.00
2,224.00
993.00
Total Assets
30,156.00
27,686.00
24,629.00
24,513.00
21,886.00
20,878.00
20,538.00
21,334.00
21,262.00

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
2,117.00
2,635.00
2,252.00
1,932.00
3,604.00
2,340.00
1,843.00
1,606.00
1,875.00
PBT
817.00
1,069.00
1,321.00
1,162.00
1,361.00
357.00
339.00
389.00
108.00
Adjustment
1,601.00
1,574.00
1,022.00
1,261.00
1,418.00
1,773.00
1,691.00
1,662.00
1,814.00
Changes in Working Capital
-230.00
46.00
-77.00
-515.00
781.00
276.00
-163.00
-359.00
-28.00
Cash after chg. in Working capital
2,188.00
2,689.00
2,266.00
1,908.00
3,560.00
2,406.00
1,867.00
1,692.00
1,894.00
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-71.00
-54.00
-14.00
24.00
44.00
-66.00
-24.00
-86.00
-19.00
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-2,270.00
-2,750.00
-2,326.00
-1,043.00
-301.00
-1,760.00
187.00
135.00
-139.00
Net Fixed Assets
-20.00
1.00
0.00
3.00
15.00
-20.00
-8.00
-2.00
Net Investments
-31.00
-8.00
175.00
-430.00
-49.00
71.00
-47.00
96.00
Others
-2,219.00
-2,743.00
-2,501.00
-616.00
-267.00
-1,811.00
242.00
41.00
Cash from Financing Activity
-39.00
222.00
168.00
-942.00
-3,375.00
-594.00
-2,067.00
-1,564.00
-1,749.00
Net Cash Inflow / Outflow
-192.00
107.00
94.00
-53.00
-72.00
-14.00
-37.00
177.00
-13.00
Opening Cash & Equivalents
341.00
234.00
140.00
195.00
266.00
280.00
315.00
138.00
151.00
Closing Cash & Equivalent
149.00
341.00
234.00
140.00
195.00
266.00
280.00
315.00
138.00

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
914.42
862.95
844.11
867.03
692.11
541.03
544.87
0.00
0.00
ROA
2.42%
3.21%
4.32%
3.60%
5.55%
1.15%
1.67%
1.37%
0.16%
ROE
4.14%
5.34%
6.84%
5.80%
10.16%
2.25%
4.88%
8.78%
1.15%
ROCE
5.57%
7.21%
8.09%
7.59%
10.18%
4.73%
5.28%
6.14%
5.46%
Fixed Asset Turnover
0.63
0.68
0.66
0.60
0.44
0.59
0.53
0.50
0.47
Receivable days
18.00
16.31
16.11
16.57
24.39
20.42
21.42
22.62
23.20
Inventory Days
27.18
26.90
26.52
23.86
36.00
33.77
34.85
29.59
28.53
Payable days
223.81
165.49
182.87
216.84
204.38
38.67
39.64
46.61
52.68
Cash Conversion Cycle
-178.63
-122.28
-140.24
-176.41
-143.99
15.52
16.63
5.60
-0.95
Total Debt/Equity
0.30
0.28
0.24
0.19
0.29
0.56
0.55
1.98
2.71
Interest Cover
3.05
3.77
6.66
6.70
5.29
1.84
1.60
1.56
1.13

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018

News Update:


  • Dalmia Bharat’s arm to acquire stakes in two SPVs of Velan Infra Projects
    28th Oct 2025, 10:13 AM

    Further, DBGVL has entered into SSSHA to acquire stake in Arunachalam Solar Power

    Read More
  • Dalmia Bharat - Quarterly Results
    18th Oct 2025, 00:00 AM

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.