Dalmia Bharat Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 27.2x vs industry 38.4x)
- Low debt relative to equity (D/E 0.4x)
- Near 52-week low — potential value zone (₹1,467)
Concerns
Today's Price Action
The stock closed at ₹1,868 with zero percent change, matching the 20‑day average volume of 16,107 shares. The flat price movement coupled with trading exactly at its average volume suggests a period of indecision and limited immediate catalyst. No significant news releases have been reported, and the unchanged open‑high‑low range reinforces the lack of volatility in the session.
Valuation Snapshot
Dalmia Bharat trades at a trailing P/E of 30.1, while the construction materials sector shows no comparable P/E figure, making relative valuation less clear. The company's return on equity stands at 6.11 percent, indicating modest earnings generation relative to shareholders' capital.
Key Levels to Watch
The 52‑week range spans ₹1,605 to ₹2,459, with the current price positioned roughly 13 percent above the lower band and 24 percent below the upper band. Historical support has historically formed near ₹1,650, while resistance clusters around ₹2,300, offering reference points for future price action.
Chart Pattern
In the daily chart, a bearish engulfing candle formed two days ago, followed by a gravestone doji and a shooting star five days ago, all of which are classic reversal formations on the short‑term time frame.
Data Summary
Key metrics include a market capitalisation of zero crore, a price‑to‑book ratio of zero, and a trailing P/E of 30.1. Volume today equals the 20‑day average, and the stock sits within its 52‑week corridor between ₹1,605 and ₹2,459. The P/B of zero reflects the accounting treatment of the company's net assets and does not provide a conventional valuation reference. Liquidity remains thin versus peers.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ULTRACEMCO UltraTech Cement Limited | ₹11,104 | ₹3.3L Cr | 36.6 | 4.45 | 11.1 | 12.7 | 0.4 |
| GRASIM Grasim Industries Limited | ₹2,900 | ₹2.0L Cr | 34.3 | 1.91 | 4.98 | 8.01 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹351 | ₹89K Cr | 18.9 | 1.46 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹23,020 | ₹82K Cr | 51.8 | 3.48 | 7.51 | 10.3 | 0.09 |
| JKCEMENT JK Cement Limited | ₹— | ₹38K Cr | 37.9 | — | 15.6 | 15.1 | 1.02 |
| ACC ACC Limited | ₹— | ₹22K Cr | 11.5 | 1.25 | 10.9 | 11.2 | 0.02 |
| RAMCOCEM The Ramco Cements Limited | ₹— | ₹17K Cr | 91.7 | 2.54 | 0.38 | 6.13 | 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
Interim Dividend - Rs 4 Per Share
To consider and approve the financial results for the period ended September 30, 2026, dividend and other business matters
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
Latest News
All newsHimadri approves demerger scheme with Dalmia Bharat Refractories
*Himadri approves demerger scheme with Dalmia Bharat Refractories* — The board approved the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013. The demerger involves **Himadri Speciality Chemical Ltd** as the resulting company and **Dalmia Bharat Refractories Ltd** as the demerged entity. Shareholder and creditor approvals will be sought as part of the process. 📊 *STOCKS:* HIMADRI, DBRL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Demerger
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 Q2 FY27 earnings conference call transcript released
*Dalmia Bharat Q2 FY27 earnings conference call transcript released.* The discussion covered operational and financial performance for the quarter. Analysts focused on volume growth, cost optimization, and regional demand trends. Management reiterated guidance with no major revisions. 📊 *STOCKS:* $DALBHARAT | 🏢 *SECTOR:* Cement | #MEDIUMIMPACT #Earnings
Dalmia Bharat Sugar discloses regulatory filing
*Dalmia Bharat Sugar discloses regulatory filing* pursuant to SEBI Listing Regulations. The update does not specify financial or operational details. Traders should monitor for follow-up disclosures. 📊 *STOCKS:* $DALMIASUG | 🏢 *SECTOR:* Sugar | #LOWIMPACT #Regulatory
Dalmia Bharat to host investor meetings
*Dalmia Bharat to host analyst and institutional investor meetings.* The company has informed about the schedule for upcoming investor interactions. These sessions are part of routine corporate communication and provide updates on business performance and strategy. No financial announcements were made. 📊 *STOCKS:* $DALMIABHARAT | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeetings
Dalmia Bharat Sugar publishes newspaper notice
*Dalmia Bharat Sugar publishes newspaper notice* as part of regulatory compliance. The filing is a routine copy of a newspaper publication with no financial or operational details disclosed. Such notices are typically procedural and do not impact business fundamentals. 📊 *STOCKS:* $DALMIASUG | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
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
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 MaterialsCement & Cement Products