Dalmia Bharat Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 28.3x vs industry 44.6x)
- ✓Low debt relative to equity (D/E 0.4x)
- ✓Near 52-week low — potential value zone (₹1,675)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ULTRACEMCO UltraTech Cement Limited | ₹10,919 | ₹3.3L Cr | 39.8 | 4.2 | 11.2 | 12.8 | 0.35 |
| GRASIM Grasim Industries Limited | ₹3,092 | ₹2.1L Cr | 41.6 | 2.03 | 5.05 | 8.07 | 2.06 |
| AMBUJACEM Ambuja Cements Limited | ₹418 | ₹1.1L Cr | 21.8 | 1.74 | 8.85 | 5.61 | 0.02 |
| SHREECEM SHREE CEMENT LIMITED | ₹24,110 | ₹90K Cr | 51.7 | 3.74 | 7.78 | 10.5 | 0.1 |
| JKCEMENT JK Cement Limited | ₹4,948 +0.56% | ₹39K Cr | 38.4 | 5.43 | 15.6 | 15.1 | 1 |
| ACC ACC Limited | ₹1,330 -1.55% | ₹26K Cr | 12.1 | 1.25 | 10.9 | 11.2 | 0.02 |
| RAMCOCEM The Ramco Cements Limited | ₹881 +0.38% | ₹21K Cr | 79.5 | 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
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
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 | 8.0% ▼68.0% | 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 | 71d ▲282.1% | -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