Dalmia Bharat Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 31.6x vs industry 44.2x)
- ✓Low debt relative to equity (D/E 0.4x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ULTRACEMCO UltraTech Cement Limited | ₹11,870 | ₹3.5L Cr | 41.8 | 4.57 | 11.2 | 12.8 | 0.35 |
| GRASIM Grasim Industries Limited | ₹3,171 | ₹2.1L Cr | 41.7 | 2.09 | 5.05 | 8.07 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹430 | ₹1.1L Cr | 21.8 | 1.79 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹26,690 | ₹96K Cr | 56.9 | 4.14 | 7.51 | 10.3 | 0.1 |
| JKCEMENT JK Cement Limited | ₹5,658 +3.76% | ₹42K Cr | 42.7 | 6.21 | 15.6 | 15.1 | 1 |
| ACC ACC Limited | ₹1,388 +0.46% | ₹26K Cr | 12.2 | 1.25 | 10.9 | 11.2 | 0.02 |
| RAMCOCEM The Ramco Cements Limited | ₹918 -0.86% | ₹22K Cr | 83.8 | 2.54 | 3.34 | 6.12 | 0.48 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
DALBHARAT · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% |
| FII | 12.96% | 11.37% | 9.43% | 8.94% | 9.08% | 8.29% |
| DII | 11.03% | 12.62% | 13.62% | 14.57% | 14.69% | 16.43% |
| Public | 20.03% | 20.03% | 20.99% | 20.52% | 20.24% | 19.29% |
| Govt | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
Dividend - Rs 5 Per Share
Intimation of Board Meeting scheduled to be held on Saturday, May 23, 2026
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Interim Dividend - Rs 4 Per Share
Record: 24 Oct 2025
Annual General Meeting/Dividend - Rs 5 Per Share
Interim Dividend - Rs 4 Per Share
Record: 25 Oct 2024
Dividend - Rs 5 Per Share
Interim Dividend - Rs 4 Per Share
Record: 20 Oct 2023
Dividend - Rs 5 Per Share
Latest News
All news →Dalmia Bharat Sugar appoints new management
*Dalmia Bharat Sugar appoints new management* following a corporate restructuring. The change in leadership could influence strategic direction and operational focus. Investors may reassess near-term outlook. 📊 *STOCKS:* DBSUGAR | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #ManagementChange
Dalmia Bharat acquires JAL cement assets for ₹2,850 crore
*Dalmia Bharat acquires JAL cement assets for ₹2,850 crore* following Adani Group's insolvency resolution. The acquisition strengthens Dalmia’s presence in the eastern and central Indian cement markets. The deal size of **₹2,850 crore** marks one of the larger M&A moves in the sector recently. Dalmia aims to integrate the assets to boost operational scale. 📊 *STOCKS:* DALMIABHARAT | 🏢 *SECTOR:* Corporate | #HIGHIMPACT #Cement
Dalmia Bharat publishes mandatory newspaper notice
*Dalmia Bharat publishes mandatory newspaper notice.* This is a routine corporate disclosure as per regulatory requirements. No financial or operational update provided. **No material impact** expected on stock performance. 📊 *STOCKS:* DBSIL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate_filing
Dalmia Bharat shares transferred to IEPF fund
*Dalmia Bharat shares transferred to IEPF fund.* The company published a notice in compliance with IEPRF Rules 2016 for transferring unclaimed or inactive investor shares to the Investor Education and Protection Fund. This routine compliance action affects dormant accounts only and does not impact active trading. No financial or operational implications for the company are expected. 📊 *STOCKS:* DALMIABHARAT | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #IEPF
Dalmia Bharat Sugar publishes statutory notice in newspaper
*Dalmia Bharat Sugar publishes statutory notice in newspaper* — The company has released a copy of its newspaper publication as part of regulatory compliance. This routine corporate filing does not disclose any financial or operational update. Such notices are typically issued for board meetings, dividends, or annual general meetings. No immediate business impact is indicated. 📊 *STOCKS:* DALMIASUG | 🏢 *SECTOR:* Corporate | #LOWIMPACT #CorporateFiling
Dalmia Bharat Sugar notifies AGM and annual report dispatch
*Dalmia Bharat Sugar notifies dispatch of AGM notice and annual report.* This is a routine corporate filing ahead of the annual general meeting. No financial or operational updates were provided. 📊 *STOCKS:* DALMIASUG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Dalmia Bharat Sugar sets record date for meeting
*Dalmia Bharat Sugar sets record date for meeting.* The company has fixed **03-Jul-2026** as the record date for its upcoming general meeting. While the specific purpose isn’t disclosed, such notices often relate to dividends or shareholder resolutions. Traders may watch for further announcements ahead of the date. 📊 *STOCKS:* DALMIASUG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #RecordDate
Dalmia Bharat publishes routine newspaper notice
Dalmia Bharat Sugar and Industries Ltd. has published a copy of its newspaper notice as part of regulatory compliance. This is a routine corporate filing with no immediate financial implications. The announcement does not disclose any new strategic or operational developments. 📊 *STOCKS:* DBSUGAR | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Disclosure
Dalmia Bharat Sugar to hold shareholder meeting on July 10, 2026
*Dalmia Bharat Sugar to hold shareholder meeting on July 10, 2026*. The meeting is scheduled for routine corporate matters. No **major financial** or strategic announcements disclosed. Event unlikely to move the stock significantly. 📊 *STOCKS:* DALMIASUG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholderMeeting
Dalmia Cement acquires JAL cement assets
*Dalmia Cement acquires JAL cement assets.* This strategic acquisition strengthens Dalmia’s footprint in the regional cement market. The deal enhances production capacity by **1.5 MTPA** and expands market reach in eastern India. Financial terms were not fully disclosed but are estimated to be above **₹500 crore**. 📊 *STOCKS:* DALMIABHARAT | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Acquisition
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.5K Cr ▲2.6% | ₹3.4K Cr ▼6.0% | ₹3.6K Cr ▼11.1% | ₹4.1K Cr ▲28.6% | ₹3.2K Cr ▲3.0% | ₹3.1K Cr ▼14.7% | ₹3.6K Cr ▼15.9% | ₹4.3K Cr |
| Op. Profit | ₹602 Cr ▼13.5% | ₹696 Cr ▼21.2% | ₹883 Cr ▲11.3% | ₹793 Cr ▲55.2% | ₹511 Cr ▲17.7% | ₹434 Cr ▼35.1% | ₹669 Cr ▲2.3% | ₹654 Cr |
| OPM | 17.0% ▼15.0% | 20.0% ▼16.7% | 24.0% ▲26.3% | 19.0% ▲18.8% | 16.0% ▲14.3% | 14.0% ▼22.2% | 18.0% ▲20.0% | 15.0% |
| Net Profit | ₹128 Cr ▼46.4% | ₹239 Cr ▼39.5% | ₹395 Cr ▼10.0% | ₹439 Cr ▲565.2% | ₹66 Cr ▲34.7% | ₹49 Cr ▼66.2% | ₹145 Cr ▼54.7% | ₹320 Cr |
| EPS (₹) | 6.5 ▼48.3% | 12.58 ▼40.0% | 20.95 ▼9.7% | 23.19 ▲613.5% | 3.25 ▲32.7% | 2.45 ▼67.4% | 7.52 ▼55.2% | 16.8 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹14.8K Cr ▲5.9% | ₹14.0K Cr ▼4.8% | ₹14.7K Cr ▲8.4% | ₹13.6K Cr ▲20.1% | ₹11.3K Cr ▲11.6% | ₹10.1K Cr ▲4.5% | ₹9.7K Cr ▲2.0% | ₹9.5K Cr ▲10.5% | ₹8.6K Cr ▲15.2% | ₹7.4K Cr |
| Expenses | ₹11.7K Cr ▲1.3% | ₹11.6K Cr ▼4.0% | ₹12.1K Cr ▲7.4% | ₹11.2K Cr ▲26.7% | ₹8.9K Cr ▲20.7% | ₹7.3K Cr ▼3.3% | ₹7.6K Cr ▲0.6% | ₹7.5K Cr ▲15.3% | ₹6.5K Cr ▲17.9% | ₹5.5K Cr |
| Op. Profit | ₹3.1K Cr ▲28.1% | ₹2.4K Cr ▼8.8% | ₹2.6K Cr ▲13.4% | ₹2.3K Cr ▼4.0% | ₹2.4K Cr ▼12.4% | ₹2.8K Cr ▲33.0% | ₹2.1K Cr ▲7.3% | ₹1.9K Cr ▼4.6% | ₹2.0K Cr ▲7.5% | ₹1.9K Cr |
| OPM | 21.0% ▲23.5% | 17.0% ▼5.6% | 18.0% ▲5.9% | 17.0% ▼22.7% | 22.0% ▼18.5% | 27.0% ▲22.7% | 22.0% ▲10.0% | 20.0% ▼16.7% | 24.0% ▼4.0% | 25.0% |
| Other Income | ₹195 Cr ▲39.3% | ₹140 Cr ▼55.4% | ₹314 Cr ▼41.0% | ₹532 Cr ▲211.1% | ₹171 Cr ▲17.9% | ₹145 Cr ▼33.2% | ₹217 Cr ▼7.7% | ₹235 Cr ▼14.2% | ₹274 Cr ▼7.4% | ₹296 Cr |
| Interest | ₹480 Cr ▲20.3% | ₹399 Cr ▲3.4% | ₹386 Cr ▲65.0% | ₹234 Cr ▲15.8% | ₹202 Cr ▼33.3% | ₹303 Cr ▼27.0% | ₹415 Cr ▼23.4% | ₹542 Cr ▼23.4% | ₹708 Cr ▼17.3% | ₹856 Cr |
| Depreciation | ₹1.3K Cr ▲1.4% | ₹1.3K Cr ▼11.1% | ₹1.5K Cr ▲14.8% | ₹1.3K Cr ▲5.7% | ₹1.2K Cr ▼1.2% | ₹1.3K Cr ▼18.2% | ₹1.5K Cr ▲17.9% | ₹1.3K Cr ▲6.8% | ₹1.2K Cr ▼1.1% | ₹1.2K Cr |
| PBT | ₹1.4K Cr ▲77.4% | ₹817 Cr ▼23.6% | ₹1.1K Cr ▼19.1% | ₹1.3K Cr ▲13.9% | ₹1.2K Cr ▼14.8% | ₹1.4K Cr ▲281.5% | ₹357 Cr ▲5.3% | ₹339 Cr ▼12.9% | ₹389 Cr ▲260.2% | ₹108 Cr |
| Tax % | 20.0% ▲42.9% | 14.0% ▼30.0% | 20.0% ▲11.1% | 18.0% ▼33.3% | 27.0% ▲107.7% | 13.0% ▼60.6% | 33.0% ▲1200.0% | -3.0% ▼112.0% | 25.0% ▼63.8% | 69.0% |
| Net Profit | ₹1.2K Cr ▲65.5% | ₹699 Cr ▼18.1% | ₹853 Cr ▼20.9% | ₹1.1K Cr ▲27.7% | ₹845 Cr ▼28.6% | ₹1.2K Cr ▲397.1% | ₹238 Cr ▼31.8% | ₹349 Cr ▲19.9% | ₹291 Cr ▲561.4% | ₹44 Cr |
| EPS (₹) | 60.73 ▲66.8% | 36.41 ▼17.3% | 44.04 ▼20.2% | 55.21 ▲26.8% | 43.55 ▼30.4% | 62.58 ▲439.0% | 11.61 ▼27.3% | 15.96 ▼100.0% | 58,400 ▲563.6% | 8,800 |
| Div Payout | 15.0% ▼40.0% | 25.0% ▲19.0% | 21.0% ▲31.3% | 16.0% ▼20.0% | 20.0% ▲900.0% | 2.0% ▼88.2% | 17.0% ▲30.8% | 13.0% ▼99.3% | 1937.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹38 Cr ▲0.0% | ₹38 Cr ▲0.0% | ₹38 Cr ▲2.7% | ₹37 Cr ▲0.0% | ₹37 Cr ▲0.0% | ₹37 Cr ▼5.1% | ₹39 Cr ▲0.0% | ₹39 Cr ▼99.4% | ₹6.7K Cr ▲0.0% | ₹6.7K Cr |
| Reserves | ₹17.6K Cr ▲1.8% | ₹17.3K Cr ▲6.0% | ₹16.4K Cr ▲4.9% | ₹15.6K Cr ▼2.7% | ₹16.0K Cr ▲25.5% | ₹12.8K Cr ▲21.4% | ₹10.5K Cr ▼0.7% | ₹10.6K Cr ▲188.0% | ₹3.7K Cr ▲23.7% | ₹3.0K Cr |
| Borrowings | ₹7.1K Cr ▲24.2% | ₹5.7K Cr ▲18.7% | ₹4.8K Cr ▲24.6% | ₹3.9K Cr ▲21.4% | ₹3.2K Cr ▼17.3% | ₹3.8K Cr ▼36.5% | ₹6.0K Cr ▲2.8% | ₹5.9K Cr ▼19.0% | ₹7.3K Cr ▼9.6% | ₹8.0K Cr |
| Other Liabilities | ₹6.8K Cr ▼4.8% | ₹7.1K Cr ▲9.0% | ₹6.5K Cr ▲7.9% | ₹6.0K Cr ▲11.1% | ₹5.4K Cr ▲3.7% | ₹5.2K Cr ▲22.7% | ₹4.3K Cr ▲6.3% | ₹4.0K Cr ▲6.7% | ₹3.8K Cr ▲4.7% | ₹3.6K Cr |
| Total Liabilities | ₹31.5K Cr ▲4.4% | ₹30.2K Cr ▲8.9% | ₹27.7K Cr ▲8.6% | ₹25.5K Cr ▲3.4% | ₹24.7K Cr ▲12.7% | ₹21.9K Cr ▲4.8% | ₹20.9K Cr ▲1.7% | ₹20.5K Cr ▼3.9% | ₹21.4K Cr ▲0.5% | ₹21.3K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹17.3K Cr ▼0.0% | ₹17.3K Cr ▲10.0% | ₹15.7K Cr ▲6.4% | ₹14.8K Cr ▲4.5% | ₹14.1K Cr ▲3.8% | ₹13.6K Cr ▲8.5% | ₹12.6K Cr ▼7.5% | ₹13.6K Cr ▼3.3% | ₹14.0K Cr ▼9.5% | ₹15.5K Cr |
| CWIP | ₹3.5K Cr ▲33.3% | ₹2.6K Cr ▲9.2% | ₹2.4K Cr ▲28.0% | ₹1.9K Cr ▲80.9% | ₹1.0K Cr ▲2.8% | ₹1.0K Cr ▼42.2% | ₹1.7K Cr ▲234.6% | ₹520 Cr ▲209.5% | ₹168 Cr ▲31.3% | ₹128 Cr |
| Investments | ₹5.6K Cr ▲9.3% | ₹5.1K Cr ▲14.7% | ₹4.5K Cr ▲26.6% | ₹3.5K Cr ▼38.2% | ₹5.7K Cr ▲41.4% | ₹4.0K Cr ▲43.2% | ₹2.8K Cr ▲16.2% | ₹2.4K Cr ▼30.8% | ₹3.5K Cr ▲27.9% | ₹2.7K Cr |
| Other Assets | ₹5.1K Cr ▲0.0% | ₹5.1K Cr ▲0.1% | ₹5.1K Cr ▼4.1% | ₹5.3K Cr ▲41.2% | ₹3.8K Cr ▲17.4% | ₹3.2K Cr ▼14.5% | ₹3.8K Cr ▼6.3% | ₹4.0K Cr ▲10.0% | ₹3.7K Cr ▲27.0% | ₹2.9K Cr |
| Total Assets | ₹31.5K Cr ▲4.4% | ₹30.2K Cr ▲8.9% | ₹27.7K Cr ▲8.6% | ₹25.5K Cr ▲3.4% | ₹24.7K Cr ▲12.7% | ₹21.9K Cr ▲4.8% | ₹20.9K Cr ▲1.7% | ₹20.5K Cr ▼3.9% | ₹21.4K Cr ▲0.5% | ₹21.3K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹2.3K Cr ▲7.6% | ₹2.1K Cr ▼19.7% | ₹2.6K Cr ▲17.0% | ₹2.3K Cr ▲16.6% | ₹1.9K Cr ▼46.4% | ₹3.6K Cr ▲54.0% | ₹2.3K Cr ▲27.0% | ₹1.8K Cr ▲14.8% | ₹1.6K Cr ▼14.3% | ₹1.9K Cr |
| Investing CF | ₹-3.0K Cr ▼33.2% | ₹-2.3K Cr ▲17.5% | ₹-2.8K Cr ▼18.2% | ₹-2.3K Cr ▼122.6% | ₹-1.0K Cr ▼248.3% | ₹-300 Cr ▲83.0% | ₹-1.8K Cr ▼1031.2% | ₹189 Cr ▲40.0% | ₹135 Cr ▲197.1% | ₹-139 Cr |
| Financing CF | ₹808 Cr ▲2171.8% | ₹-39 Cr ▼117.6% | ₹222 Cr ▲32.1% | ₹168 Cr ▲117.8% | ₹-942 Cr ▲72.1% | ₹-3.4K Cr ▼468.2% | ₹-594 Cr ▲71.3% | ₹-2.1K Cr ▼32.2% | ₹-1.6K Cr ▲10.6% | ₹-1.7K Cr |
| Net Cash Flow | ₹63 Cr ▲132.8% | ₹-192 Cr ▼279.4% | ₹107 Cr ▲13.8% | ₹94 Cr ▲270.9% | ₹-55 Cr ▲22.5% | ₹-71 Cr ▼407.1% | ₹-14 Cr ▲60.0% | ₹-35 Cr ▼119.8% | ₹177 Cr ▲1461.5% | ₹-13 Cr |
| Free Cash Flow | ₹237 Cr ▲146.6% | ₹-509 Cr ▼478.4% | ₹-88 Cr ▲80.4% | ₹-449 Cr ▼355.1% | ₹176 Cr ▼93.2% | ₹2.6K Cr ▲159.0% | ₹995 Cr ▲8.5% | ₹917 Cr ▼24.4% | ₹1.2K Cr ▼18.2% | ₹1.5K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21d ▼8.7% | 23d ▲9.5% | 21d ▲10.5% | 19d ▼13.6% | 22d ▲22.2% | 18d ▼28.0% | 25d ▲19.0% | 21d ▼12.5% | 24d ▼7.7% | 26d |
| Inventory Days | 186d ▼14.3% | 217d ▲32.3% | 164d ▼32.2% | 242d ▲3.4% | 234d ▲30.0% | 180d ▼11.8% | 204d ▼3.3% | 211d ▲13.4% | 186d ▼1.6% | 189d |
| Days Payable | 202d ▼16.2% | 241d ▲35.4% | 178d ▼14.8% | 209d ▼0.9% | 211d ▼0.9% | 213d ▲23.1% | 173d ▼3.4% | 179d ▼19.7% | 223d ▼13.6% | 258d |
| Cash Conv. Cycle | 5d ▲600.0% | -1d ▼112.5% | 8d ▼84.6% | 52d ▲15.6% | 45d ▲421.4% | -14d ▼125.5% | 55d ▲3.8% | 53d ▲507.7% | -13d ▲69.8% | -43d |
| Working Capital Days | -55d ▼41.0% | -39d ▼44.4% | -27d ▲18.2% | -33d ▲45.0% | -60d ▲27.7% | -83d ▲2.4% | -85d ▼41.7% | -60d ▲4.8% | -63d ▲29.2% | -89d |
| ROCE | 8.0% ▲33.3% | 6.0% ▼14.3% | 7.0% ▼12.5% | 8.0% ▲14.3% | 7.0% ▼30.0% | 10.0% ▲150.0% | 4.0% ▲0.0% | 4.0% ▼33.3% | 6.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Dalmia Bharat Limited
Dalmia Bharat is engaged in the business of Manufacturing and Selling of Cement. The company was started in 1939 and is the 4th largest cement manufacturer by installed capacity in India.[1]
Construction Materials · Cement & Cement Products