Dalmia Bharat Ltd.
•2026-08-21
PROS
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.59x)
- Company has a consistent dividend-paying track record
- Stock looks reasonably valued - P/E of 37.7 is below its historical median
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 42.9% versus prior year
- Company has a low return on capital employed of 7.0%
- Company has a low return on equity of 5.3% over last 3 years
- Free cash flow has been persistently negative
- Company has delivered a poor profit growth of -0.5% over past five years
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ULTRACEMCO | 11460.00 | 39.55 | 337702.33 | 2.09 | 2603.72 | 17.24 | 24648.20 | 15.85 | 13.25 | 20.35 |
| 2. | AMBUJACEM | 406.00 | 23.05 | 100883.58 | 0.49 | 660.00 | -31.93 | 9500.00 | -7.67 | 6.24 | 16.78 |
| 3. | SHREECEM | 24360.00 | 53.92 | 87892.70 | 0.62 | 531.12 | -17.48 | 6233.13 | 18.03 | 10.61 | 20.41 |
| 4. | JKCEMENT | 5280.65 | 43.15 | 40802.66 | 0.38 | 274.62 | -15.31 | 4031.72 | 20.26 | 14.89 | 16.07 |
| 5. | DALBHARAT | 1875.00 | 37.69 | 35168.62 | 0.48 | 192.00 | -51.39 | 3890.00 | 6.99 | 8.15 | 20.69 |
| 6. | ACC | 1289.40 | 12.69 | 24213.29 | 0.58 | 147.00 | -60.84 | 5808.00 | -4.59 | 11.60 | 7.90 |
| 7. | RAMCOCEM | 900.85 | 33.01 | 21286.40 | 0.28 | 31.24 | -63.06 | 2273.05 | 9.60 | 10.75 | 13.49 |
| 8. | JSWCEMENT | 123.95 | 22.22 | 16898.91 | 0.40 | 153.43 | 111.23 | 1896.41 | 21.58 | -4.21 | 16.41 |
| 9. | NUVOCO | 318.90 | 29.51 | 11389.71 | 0.00 | 159.63 | 19.88 | 3128.71 | 8.91 | 7.11 | 18.16 |
| 10. | INDIACEM | 366.40 | 122.77 | 11354.63 | 0.00 | 26.85 | 120.20 | 1019.42 | -0.52 | 0.30 | 15.28 |
| 11. | STARCEMENT | 194.00 | 21.21 | 7841.10 | 0.52 | 73.91 | -24.71 | 942.89 | 3.39 | 8.42 | 20.63 |
| 12. | JKLAKSHMI | 557.45 | 18.71 | 6920.43 | 1.17 | 108.07 | -27.90 | 1904.78 | 9.41 | 12.36 | 13.63 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,627 | 3,153 | 3,604 | 4,307 | 3,621 | 3,087 | 3,181 | 4,091 | 3,636 | 3,417 | 3,506 | 4,245 | 3,890 | |
| 3,014 | 2,560 | 2,825 | 3,653 | 2,952 | 2,653 | 2,670 | 3,298 | 2,753 | 2,721 | 2,904 | 3,343 | 3,593 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 54 | 81 | 60 | 120 | 50 | 73 | 37 | 93 | 49 | 66 | 62 | 45 | 139 |
| Interest | 83 | 101 | 108 | 94 | 95 | 98 | 101 | 105 | 108 | 122 | 118 | 132 | 147 |
| Depreciation | 399 | 401 | 370 | 328 | 317 | 336 | 364 | 314 | 322 | 322 | 340 | 365 | 361 |
| 185 | 172 | 361 | 352 | 194 | 73 | 83 | 467 | 518 | 318 | 174 | 440 | 254 | |
| Tax % | 22.16% | 27.91% | 26.32% | 9.09% | 25.26% | 32.88% | 20.48% | 6.00% | 23.75% | 24.84% | 26.44% | 10.23% | 24.41% |
| Net Profit | 0 | 0 | 0 | 0 | 145 | 49 | 66 | 439 | 395 | 239 | 128 | 394 | 192 |
| 7 | 6 | 14 | 17 | 8 | 2 | 3 | 23 | 21 | 13 | 6 | 21 | 1 | |
| Equity Capital | 37 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 37 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 3,627
- 3,014
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 83
- Depreciation
- 399
- 185
- Tax %
- 22.16%
- Net Profit
- 0
- 7
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,153
- 2,560
- Operating Profit
- —
- OPM %
- —
- Other Income
- 81
- Interest
- 101
- Depreciation
- 401
- 172
- Tax %
- 27.91%
- Net Profit
- 0
- 6
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,604
- 2,825
- Operating Profit
- —
- OPM %
- —
- Other Income
- 60
- Interest
- 108
- Depreciation
- 370
- 361
- Tax %
- 26.32%
- Net Profit
- 0
- 14
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,307
- 3,653
- Operating Profit
- —
- OPM %
- —
- Other Income
- 120
- Interest
- 94
- Depreciation
- 328
- 352
- Tax %
- 9.09%
- Net Profit
- 0
- 17
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,621
- 2,952
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 95
- Depreciation
- 317
- 194
- Tax %
- 25.26%
- Net Profit
- 145
- 8
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,087
- 2,653
- Operating Profit
- —
- OPM %
- —
- Other Income
- 73
- Interest
- 98
- Depreciation
- 336
- 73
- Tax %
- 32.88%
- Net Profit
- 49
- 2
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,181
- 2,670
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 101
- Depreciation
- 364
- 83
- Tax %
- 20.48%
- Net Profit
- 66
- 3
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,091
- 3,298
- Operating Profit
- —
- OPM %
- —
- Other Income
- 93
- Interest
- 105
- Depreciation
- 314
- 467
- Tax %
- 6.00%
- Net Profit
- 439
- 23
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,636
- 2,753
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 108
- Depreciation
- 322
- 518
- Tax %
- 23.75%
- Net Profit
- 395
- 21
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,417
- 2,721
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 122
- Depreciation
- 322
- 318
- Tax %
- 24.84%
- Net Profit
- 239
- 13
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,506
- 2,904
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 118
- Depreciation
- 340
- 174
- Tax %
- 26.44%
- Net Profit
- 128
- 6
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,245
- 3,343
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 132
- Depreciation
- 365
- 440
- Tax %
- 10.23%
- Net Profit
- 394
- 21
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 3,890
- 3,593
- Operating Profit
- —
- OPM %
- —
- Other Income
- 139
- Interest
- 147
- Depreciation
- 361
- 254
- Tax %
- 24.41%
- Net Profit
- 192
- 1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,447 | 8,580 | 9,484 | 9,674 | 10,110 | 11,286 | 13,552 | 14,691 | 13,980 | 14,804 | 15,058 | |
| 5,553 | 6,559 | 7,656 | 7,591 | 7,348 | 8,914 | 11,243 | 12,054 | 11,573 | 11,721 | 12,561 | |
| Operating Profit | 2,190 | 2,295 | 2,196 | 2,309 | 2,966 | 2,586 | 2,454 | 2,954 | 2,660 | 3,305 | — |
| OPM % | 29 | 27 | 23 | 24 | 29 | 23 | 18 | 20 | 19 | 22 | — |
| Other Income | 296 | 274 | 368 | 226 | 204 | 214 | 145 | 317 | 253 | 222 | 312 |
| Interest | 856 | 693 | 561 | 424 | 318 | 202 | 234 | 386 | 399 | 480 | 519 |
| Depreciation | 1,226 | 1,213 | 1,296 | 1,528 | 1,250 | 1,235 | 1,305 | 1,498 | 1,331 | 1,349 | 1,388 |
| 108 | 389 | 339 | 357 | 1,364 | 1,152 | 1,325 | 1,070 | 817 | 1,450 | 1,186 | |
| Tax % | 69 | 25 | -3 | 33 | 13 | 27 | 18 | 20 | 14 | 20 | 20 |
| Net Profit | 34 | 291 | 349 | 238 | 1,186 | 837 | 1,083 | 854 | 699 | 1,158 | 954 |
| EPS | 2 | 15 | 16 | 12 | 62 | 44 | 55 | 43 | 36 | 60 | — |
| Dividend Payout % | — | — | 13 | 17 | 2 | 20 | 16 | 21 | 25 | 15 | — |
| Minority Interest | 10 | 1 | -41 | -14 | -12 | -29 | -44 | -27 | -16 | -18 | 4 |
| Share of Associates | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 16 | 11 | 63 | 44 | 56 | 43 | 36 | 60 | — |
| Minority Interest | 10 | 1 | -41 | -14 | -12 | -29 | -44 | -27 | -16 | -18 | 4 |
| Share of Associates | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 16 | 11 | 63 | 44 | 56 | 43 | 36 | 60 | — |
- 7,447
- 5,553
- Operating Profit
- 2,190
- OPM %
- 29
- Other Income
- 296
- Interest
- 856
- Depreciation
- 1,226
- 108
- Tax %
- 69
- Net Profit
- 34
- EPS
- 2
- Dividend Payout %
- —
- Minority Interest
- 10
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 10
- Share of Associates
- 0
- Adjusted EPS
- 0
- 8,580
- 6,559
- Operating Profit
- 2,295
- OPM %
- 27
- Other Income
- 274
- Interest
- 693
- Depreciation
- 1,213
- 389
- Tax %
- 25
- Net Profit
- 291
- EPS
- 15
- Dividend Payout %
- —
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 0
- 9,484
- 7,656
- Operating Profit
- 2,196
- OPM %
- 23
- Other Income
- 368
- Interest
- 561
- Depreciation
- 1,296
- 339
- Tax %
- -3
- Net Profit
- 349
- EPS
- 16
- Dividend Payout %
- 13
- Minority Interest
- -41
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- -41
- Share of Associates
- 0
- Adjusted EPS
- 16
- 9,674
- 7,591
- Operating Profit
- 2,309
- OPM %
- 24
- Other Income
- 226
- Interest
- 424
- Depreciation
- 1,528
- 357
- Tax %
- 33
- Net Profit
- 238
- EPS
- 12
- Dividend Payout %
- 17
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 11
- 10,110
- 7,348
- Operating Profit
- 2,966
- OPM %
- 29
- Other Income
- 204
- Interest
- 318
- Depreciation
- 1,250
- 1,364
- Tax %
- 13
- Net Profit
- 1,186
- EPS
- 62
- Dividend Payout %
- 2
- Minority Interest
- -12
- Share of Associates
- -1
- Adjusted EPS
- 63
- Minority Interest
- -12
- Share of Associates
- -1
- Adjusted EPS
- 63
- 11,286
- 8,914
- Operating Profit
- 2,586
- OPM %
- 23
- Other Income
- 214
- Interest
- 202
- Depreciation
- 1,235
- 1,152
- Tax %
- 27
- Net Profit
- 837
- EPS
- 44
- Dividend Payout %
- 20
- Minority Interest
- -29
- Share of Associates
- 0
- Adjusted EPS
- 44
- Minority Interest
- -29
- Share of Associates
- 0
- Adjusted EPS
- 44
- 13,552
- 11,243
- Operating Profit
- 2,454
- OPM %
- 18
- Other Income
- 145
- Interest
- 234
- Depreciation
- 1,305
- 1,325
- Tax %
- 18
- Net Profit
- 1,083
- EPS
- 55
- Dividend Payout %
- 16
- Minority Interest
- -44
- Share of Associates
- 0
- Adjusted EPS
- 56
- Minority Interest
- -44
- Share of Associates
- 0
- Adjusted EPS
- 56
- 14,691
- 12,054
- Operating Profit
- 2,954
- OPM %
- 20
- Other Income
- 317
- Interest
- 386
- Depreciation
- 1,498
- 1,070
- Tax %
- 20
- Net Profit
- 854
- EPS
- 43
- Dividend Payout %
- 21
- Minority Interest
- -27
- Share of Associates
- 0
- Adjusted EPS
- 43
- Minority Interest
- -27
- Share of Associates
- 0
- Adjusted EPS
- 43
- 13,980
- 11,573
- Operating Profit
- 2,660
- OPM %
- 19
- Other Income
- 253
- Interest
- 399
- Depreciation
- 1,331
- 817
- Tax %
- 14
- Net Profit
- 699
- EPS
- 36
- Dividend Payout %
- 25
- Minority Interest
- -16
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- -16
- Share of Associates
- 0
- Adjusted EPS
- 36
- 14,804
- 11,721
- Operating Profit
- 3,305
- OPM %
- 22
- Other Income
- 222
- Interest
- 480
- Depreciation
- 1,349
- 1,450
- Tax %
- 20
- Net Profit
- 1,158
- EPS
- 60
- Dividend Payout %
- 15
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 60
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 60
- 15,058
- 12,561
- Operating Profit
- —
- OPM %
- —
- Other Income
- 312
- Interest
- 519
- Depreciation
- 1,388
- 1,186
- Tax %
- 20
- Net Profit
- 954
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 8%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -1%
- 3 Years:
- 3%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- -1%
- 3 Years:
- 0%
- 1 Year:
- -19%
RETURN ON EQUITY
- 10 Years:
- 6%
- 5 Years:
- 6%
- 3 Years:
- 5%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 0 | 0 | 39 | 39 | 37 | 37 | 37 | 38 | 38 | 38 |
| 2,963 | 3,667 | 10,586 | 10,511 | 12,767 | 16,003 | 15,579 | 16,358 | 17,336 | 17,941 | |
| 1,640 | 1,416 | 1,581 | 2,441 | 1,376 | 701 | 532 | 14 | 454 | 339 | |
| Trade Payables | 890 | 928 | 877 | 829 | 899 | 850 | 1,135 | 1,316 | 1,539 | 1,294 |
| 15,769 | 15,323 | 7,455 | 7,058 | 6,807 | 7,077 | 8,236 | 9,986 | 10,804 | 13,647 | |
| Total Liabilities | 21,262 | 21,334 | 20,538 | 20,878 | 21,886 | 24,668 | 25,519 | 27,712 | 30,171 | 33,259 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 15,516 | 14,037 | 13,573 | 12,555 | 13,625 | 14,135 | 14,783 | 15,731 | 17,265 | 19,330 | |
| Capital Work in Progress | 128 | 173 | 501 | 1,702 | 869 | 1,034 | 1,859 | 2,284 | 2,497 | 2,593 |
| 2,740 | 3,505 | 2,424 | 2,816 | 4,033 | 5,704 | 3,524 | 4,462 | 5,119 | 5,878 | |
| 652 | 779 | 1,032 | 974 | 760 | 945 | 1,316 | 1,218 | 1,386 | 1,192 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 836 | 889 | 864 | |
| Cash & Bank | 175 | 354 | 469 | 403 | 247 | 160 | 285 | 582 | 158 | 224 |
| 2,051 | 2,486 | 2,539 | 2,428 | 2,352 | 2,690 | 3,752 | 2,599 | 2,857 | 3,178 | |
| Total Assets | 21,262 | 21,334 | 20,538 | 20,878 | 21,886 | 24,668 | 25,519 | 27,712 | 30,171 | 33,259 |
| Total Debt | 8,039 | 7,266 | 5,878 | 5,950 | 3,708 | 3,119 | 3,742 | 4,630 | 5,258 | 6,752 |
| Net Working Capital | 993 | 2,224 | 1,220 | 845 | 1,089 | 2,691 | 2,000 | 3,356 | 3,091 | 3,089 |
| Contingent Liabilities | 476 | 481 | 552 | 552 | 510 | 661 | 680 | 991 | 1,173 | 1,110 |
| Book Value per Share | 0.00 | 0.00 | 544.87 | 541.03 | 692.11 | 867.03 | 844.11 | 862.95 | 914.42 | 946.26 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 8,039 | 7,266 | 5,878 | 5,950 | 3,708 | 3,119 | 3,742 | 4,630 | 5,258 | 6,752 |
| Net Working Capital | 993 | 2,224 | 1,220 | 845 | 1,089 | 2,691 | 2,000 | 3,356 | 3,091 | 3,089 |
| Contingent Liabilities | 476 | 481 | 552 | 552 | 510 | 661 | 680 | 991 | 1,173 | 1,110 |
| Book Value per Share | 0.00 | 0.00 | 544.87 | 541.03 | 692.11 | 867.03 | 844.11 | 862.95 | 914.42 | 946.26 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
- Equity Capital
- 0
- 2,963
- 1,640
- Trade Payables
- 890
- 15,769
- Total Liabilities
- 21,262
- 15,516
- Capital Work in Progress
- 128
- 2,740
- 652
- 0
- Cash & Bank
- 175
- 2,051
- Total Assets
- 21,262
- Total Debt
- 8,039
- Net Working Capital
- 993
- Contingent Liabilities
- 476
- Book Value per Share
- 0.00
- Face Value
- 2.00
- Total Debt
- 8,039
- Net Working Capital
- 993
- Contingent Liabilities
- 476
- Book Value per Share
- 0.00
- Face Value
- 2.00
- Equity Capital
- 0
- 3,667
- 1,416
- Trade Payables
- 928
- 15,323
- Total Liabilities
- 21,334
- 14,037
- Capital Work in Progress
- 173
- 3,505
- 779
- 0
- Cash & Bank
- 354
- 2,486
- Total Assets
- 21,334
- Total Debt
- 7,266
- Net Working Capital
- 2,224
- Contingent Liabilities
- 481
- Book Value per Share
- 0.00
- Face Value
- 2.00
- Total Debt
- 7,266
- Net Working Capital
- 2,224
- Contingent Liabilities
- 481
- Book Value per Share
- 0.00
- Face Value
- 2.00
- Equity Capital
- 39
- 10,586
- 1,581
- Trade Payables
- 877
- 7,455
- Total Liabilities
- 20,538
- 13,573
- Capital Work in Progress
- 501
- 2,424
- 1,032
- 0
- Cash & Bank
- 469
- 2,539
- Total Assets
- 20,538
- Total Debt
- 5,878
- Net Working Capital
- 1,220
- Contingent Liabilities
- 552
- Book Value per Share
- 544.87
- Face Value
- 2.00
- Total Debt
- 5,878
- Net Working Capital
- 1,220
- Contingent Liabilities
- 552
- Book Value per Share
- 544.87
- Face Value
- 2.00
- Equity Capital
- 39
- 10,511
- 2,441
- Trade Payables
- 829
- 7,058
- Total Liabilities
- 20,878
- 12,555
- Capital Work in Progress
- 1,702
- 2,816
- 974
- 0
- Cash & Bank
- 403
- 2,428
- Total Assets
- 20,878
- Total Debt
- 5,950
- Net Working Capital
- 845
- Contingent Liabilities
- 552
- Book Value per Share
- 541.03
- Face Value
- 2.00
- Total Debt
- 5,950
- Net Working Capital
- 845
- Contingent Liabilities
- 552
- Book Value per Share
- 541.03
- Face Value
- 2.00
- Equity Capital
- 37
- 12,767
- 1,376
- Trade Payables
- 899
- 6,807
- Total Liabilities
- 21,886
- 13,625
- Capital Work in Progress
- 869
- 4,033
- 760
- 0
- Cash & Bank
- 247
- 2,352
- Total Assets
- 21,886
- Total Debt
- 3,708
- Net Working Capital
- 1,089
- Contingent Liabilities
- 510
- Book Value per Share
- 692.11
- Face Value
- 2.00
- Total Debt
- 3,708
- Net Working Capital
- 1,089
- Contingent Liabilities
- 510
- Book Value per Share
- 692.11
- Face Value
- 2.00
- Equity Capital
- 37
- 16,003
- 701
- Trade Payables
- 850
- 7,077
- Total Liabilities
- 24,668
- 14,135
- Capital Work in Progress
- 1,034
- 5,704
- 945
- 0
- Cash & Bank
- 160
- 2,690
- Total Assets
- 24,668
- Total Debt
- 3,119
- Net Working Capital
- 2,691
- Contingent Liabilities
- 661
- Book Value per Share
- 867.03
- Face Value
- 2.00
- Total Debt
- 3,119
- Net Working Capital
- 2,691
- Contingent Liabilities
- 661
- Book Value per Share
- 867.03
- Face Value
- 2.00
- Equity Capital
- 37
- 15,579
- 532
- Trade Payables
- 1,135
- 8,236
- Total Liabilities
- 25,519
- 14,783
- Capital Work in Progress
- 1,859
- 3,524
- 1,316
- 0
- Cash & Bank
- 285
- 3,752
- Total Assets
- 25,519
- Total Debt
- 3,742
- Net Working Capital
- 2,000
- Contingent Liabilities
- 680
- Book Value per Share
- 844.11
- Face Value
- 2.00
- Total Debt
- 3,742
- Net Working Capital
- 2,000
- Contingent Liabilities
- 680
- Book Value per Share
- 844.11
- Face Value
- 2.00
- Equity Capital
- 38
- 16,358
- 14
- Trade Payables
- 1,316
- 9,986
- Total Liabilities
- 27,712
- 15,731
- Capital Work in Progress
- 2,284
- 4,462
- 1,218
- 836
- Cash & Bank
- 582
- 2,599
- Total Assets
- 27,712
- Total Debt
- 4,630
- Net Working Capital
- 3,356
- Contingent Liabilities
- 991
- Book Value per Share
- 862.95
- Face Value
- 2.00
- Total Debt
- 4,630
- Net Working Capital
- 3,356
- Contingent Liabilities
- 991
- Book Value per Share
- 862.95
- Face Value
- 2.00
- Equity Capital
- 38
- 17,336
- 454
- Trade Payables
- 1,539
- 10,804
- Total Liabilities
- 30,171
- 17,265
- Capital Work in Progress
- 2,497
- 5,119
- 1,386
- 889
- Cash & Bank
- 158
- 2,857
- Total Assets
- 30,171
- Total Debt
- 5,258
- Net Working Capital
- 3,091
- Contingent Liabilities
- 1,173
- Book Value per Share
- 914.42
- Face Value
- 2.00
- Total Debt
- 5,258
- Net Working Capital
- 3,091
- Contingent Liabilities
- 1,173
- Book Value per Share
- 914.42
- Face Value
- 2.00
- Equity Capital
- 38
- 17,941
- 339
- Trade Payables
- 1,294
- 13,647
- Total Liabilities
- 33,259
- 19,330
- Capital Work in Progress
- 2,593
- 5,878
- 1,192
- 864
- Cash & Bank
- 224
- 3,178
- Total Assets
- 33,259
- Total Debt
- 6,752
- Net Working Capital
- 3,089
- Contingent Liabilities
- 1,110
- Book Value per Share
- 946.26
- Face Value
- 2.00
- Total Debt
- 6,752
- Net Working Capital
- 3,089
- Contingent Liabilities
- 1,110
- Book Value per Share
- 946.26
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,875 | 1,606 | 1,843 | 2,340 | 3,604 | 1,932 | 2,252 | 2,635 | 2,117 | 2,278 | |
| Cash from Investing | -139 | 135 | 187 | -1,760 | -301 | -1,043 | -2,326 | -2,750 | -2,270 | -3,023 |
| Cash from Financing | -1,749 | -1,564 | -2,067 | -594 | -3,375 | -942 | 168 | 222 | -39 | 808 |
| -13 | 177 | -37 | -14 | -72 | -53 | 94 | 107 | -192 | 63 | |
| Free Cash Flow | 1,875 | 1,606 | 762 | 713 | 2,258 | 143 | -398 | 33 | -789 | -1,041 |
| OCF / Net Profit | 55.15 | 5.52 | 5.28 | 9.83 | 3.04 | 2.31 | 2.08 | 3.09 | 3.03 | 1.97 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 5,482 | 3,478 | 2,749 | 1,247 | -2,052 |
| OCF / Net Profit | 55.15 | 5.52 | 5.28 | 9.83 | 3.04 | 2.31 | 2.08 | 3.09 | 3.03 | 1.97 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 5,482 | 3,478 | 2,749 | 1,247 | -2,052 |
- 1,875
- Cash from Investing
- -139
- Cash from Financing
- -1,749
- -13
- Free Cash Flow
- 1,875
- OCF / Net Profit
- 55.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 55.15
- Cumulative 5-Year FCF
- 0
- 1,606
- Cash from Investing
- 135
- Cash from Financing
- -1,564
- 177
- Free Cash Flow
- 1,606
- OCF / Net Profit
- 5.52
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.52
- Cumulative 5-Year FCF
- 0
- 1,843
- Cash from Investing
- 187
- Cash from Financing
- -2,067
- -37
- Free Cash Flow
- 762
- OCF / Net Profit
- 5.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.28
- Cumulative 5-Year FCF
- 0
- 2,340
- Cash from Investing
- -1,760
- Cash from Financing
- -594
- -14
- Free Cash Flow
- 713
- OCF / Net Profit
- 9.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 9.83
- Cumulative 5-Year FCF
- 0
- 3,604
- Cash from Investing
- -301
- Cash from Financing
- -3,375
- -72
- Free Cash Flow
- 2,258
- OCF / Net Profit
- 3.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.04
- Cumulative 5-Year FCF
- 0
- 1,932
- Cash from Investing
- -1,043
- Cash from Financing
- -942
- -53
- Free Cash Flow
- 143
- OCF / Net Profit
- 2.31
- Cumulative 5-Year FCF
- 5,482
- OCF / Net Profit
- 2.31
- Cumulative 5-Year FCF
- 5,482
- 2,252
- Cash from Investing
- -2,326
- Cash from Financing
- 168
- 94
- Free Cash Flow
- -398
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 3,478
- OCF / Net Profit
- 2.08
- Cumulative 5-Year FCF
- 3,478
- 2,635
- Cash from Investing
- -2,750
- Cash from Financing
- 222
- 107
- Free Cash Flow
- 33
- OCF / Net Profit
- 3.09
- Cumulative 5-Year FCF
- 2,749
- OCF / Net Profit
- 3.09
- Cumulative 5-Year FCF
- 2,749
- 2,117
- Cash from Investing
- -2,270
- Cash from Financing
- -39
- -192
- Free Cash Flow
- -789
- OCF / Net Profit
- 3.03
- Cumulative 5-Year FCF
- 1,247
- OCF / Net Profit
- 3.03
- Cumulative 5-Year FCF
- 1,247
- 2,278
- Cash from Investing
- -3,023
- Cash from Financing
- 808
- 63
- Free Cash Flow
- -1,041
- OCF / Net Profit
- 1.97
- Cumulative 5-Year FCF
- -2,052
- OCF / Net Profit
- 1.97
- Cumulative 5-Year FCF
- -2,052
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.00 | 0.00 | 15.79 | 11.49 | 63.30 | 44.11 | 55.95 | 43.47 | 35.95 | 59.95 |
| Book Value (₹) | 0.00 | 0.00 | 544.87 | 541.03 | 692.11 | 867.03 | 844.11 | 862.95 | 914.42 | 946.26 |
| Dividend per Share (₹) | 0.00 | 1.70 | 2.00 | 2.00 | 1.33 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Cash EPS (₹) | 0.00 | 0.00 | 84.36 | 90.56 | 131.68 | 112.00 | 129.08 | 123.79 | 106.84 | 131.95 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 26.26% | 26.00% | 21.22% | 21.30% | 25.95% | 19.83% | 15.77% | 15.34% | 13.76% | 16.83% |
| Net Margin % | 0.41% | 3.30% | 3.37% | 2.20% | 10.38% | 6.42% | 6.96% | 4.97% | 4.00% | 6.32% |
| ROE % | 1.15% | 8.78% | 4.88% | 2.25% | 10.16% | 5.80% | 6.84% | 5.34% | 4.14% | 6.55% |
| ROCE % | 5.46% | 6.14% | 5.28% | 4.73% | 10.18% | 7.59% | 8.09% | 7.21% | 5.57% | 8.15% |
| 0.16% | 1.37% | 1.67% | 1.15% | 5.55% | 3.60% | 4.32% | 3.21% | 2.42% | 3.65% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 23 | 23 | 20 | 20 | 19 | 17 | 16 | 16 | 18 | 17 |
| Inventory Days | 29 | 30 | 32 | 34 | 28 | 24 | 27 | 27 | 27 | 26 |
| Payable Days | 258 | 220 | 185 | 178 | 204 | 217 | 183 | 165 | 224 | 221 |
| -207 | -168 | -133 | -124 | -158 | -176 | -140 | -122 | -179 | -178 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 2.71x | 1.98x | 0.55x | 0.56x | 0.29x | 0.19x | 0.24x | 0.28x | 0.30x | 0.38x |
| Interest Coverage (x) | 1.13x | 1.56x | 1.60x | 1.84x | 5.29x | 6.70x | 6.66x | 3.77x | 3.05x | 4.02x |
| 1.26x | 1.56x | 1.29x | 1.17x | 1.23x | 1.58x | 1.45x | 1.75x | 1.59x | 1.54x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 15.21% | 10.54% | 2.00% | 4.51% | 11.63% | 20.08% | 8.40% | -4.84% | 5.89% |
| Operating Profit Growth % | 0.00% | 4.79% | -4.31% | 5.15% | 28.45% | -12.81% | -5.10% | 20.37% | -9.95% | 24.25% |
| Net Profit Growth % | 0.00% | 755.88% | 19.93% | -31.81% | 398.32% | -29.43% | 29.39% | -21.14% | -18.15% | 65.67% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -22.29% | -17.31% | 66.76% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 44.68x | 50.61x | 29.63x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.25x | 1.99x | 1.88x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% | 0.49% | 0.51% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.86x | 14.91x | 12.18x |
- EPS (₹)
- 0.00
- Book Value (₹)
- 0.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 26.26%
- Net Margin %
- 0.41%
- ROE %
- 1.15%
- ROCE %
- 5.46%
- 0.16%
- Debtor Days
- 23
- Inventory Days
- 29
- Payable Days
- 258
- -207
- Debt to Equity (x)
- 2.71x
- Interest Coverage (x)
- 1.13x
- 1.26x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 0.00
- Book Value (₹)
- 0.00
- Dividend per Share (₹)
- 1.70
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 26.00%
- Net Margin %
- 3.30%
- ROE %
- 8.78%
- ROCE %
- 6.14%
- 1.37%
- Debtor Days
- 23
- Inventory Days
- 30
- Payable Days
- 220
- -168
- Debt to Equity (x)
- 1.98x
- Interest Coverage (x)
- 1.56x
- 1.56x
- Revenue Growth %
- 15.21%
- Operating Profit Growth %
- 4.79%
- Net Profit Growth %
- 755.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.79
- Book Value (₹)
- 544.87
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 84.36
- Operating Margin %
- 21.22%
- Net Margin %
- 3.37%
- ROE %
- 4.88%
- ROCE %
- 5.28%
- 1.67%
- Debtor Days
- 20
- Inventory Days
- 32
- Payable Days
- 185
- -133
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 1.60x
- 1.29x
- Revenue Growth %
- 10.54%
- Operating Profit Growth %
- -4.31%
- Net Profit Growth %
- 19.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 11.49
- Book Value (₹)
- 541.03
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 90.56
- Operating Margin %
- 21.30%
- Net Margin %
- 2.20%
- ROE %
- 2.25%
- ROCE %
- 4.73%
- 1.15%
- Debtor Days
- 20
- Inventory Days
- 34
- Payable Days
- 178
- -124
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 1.84x
- 1.17x
- Revenue Growth %
- 2.00%
- Operating Profit Growth %
- 5.15%
- Net Profit Growth %
- -31.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 63.30
- Book Value (₹)
- 692.11
- Dividend per Share (₹)
- 1.33
- Cash EPS (₹)
- 131.68
- Operating Margin %
- 25.95%
- Net Margin %
- 10.38%
- ROE %
- 10.16%
- ROCE %
- 10.18%
- 5.55%
- Debtor Days
- 19
- Inventory Days
- 28
- Payable Days
- 204
- -158
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 5.29x
- 1.23x
- Revenue Growth %
- 4.51%
- Operating Profit Growth %
- 28.45%
- Net Profit Growth %
- 398.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 44.11
- Book Value (₹)
- 867.03
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 112.00
- Operating Margin %
- 19.83%
- Net Margin %
- 6.42%
- ROE %
- 5.80%
- ROCE %
- 7.59%
- 3.60%
- Debtor Days
- 17
- Inventory Days
- 24
- Payable Days
- 217
- -176
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 6.70x
- 1.58x
- Revenue Growth %
- 11.63%
- Operating Profit Growth %
- -12.81%
- Net Profit Growth %
- -29.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 55.95
- Book Value (₹)
- 844.11
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 129.08
- Operating Margin %
- 15.77%
- Net Margin %
- 6.96%
- ROE %
- 6.84%
- ROCE %
- 8.09%
- 4.32%
- Debtor Days
- 16
- Inventory Days
- 27
- Payable Days
- 183
- -140
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 6.66x
- 1.45x
- Revenue Growth %
- 20.08%
- Operating Profit Growth %
- -5.10%
- Net Profit Growth %
- 29.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 43.47
- Book Value (₹)
- 862.95
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 123.79
- Operating Margin %
- 15.34%
- Net Margin %
- 4.97%
- ROE %
- 5.34%
- ROCE %
- 7.21%
- 3.21%
- Debtor Days
- 16
- Inventory Days
- 27
- Payable Days
- 165
- -122
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 3.77x
- 1.75x
- Revenue Growth %
- 8.40%
- Operating Profit Growth %
- 20.37%
- Net Profit Growth %
- -21.14%
- -22.29%
- P/E (x)
- 44.68x
- P/B (x)
- 2.25x
- Dividend Yield %
- 0.46%
- 13.86x
- EPS (₹)
- 35.95
- Book Value (₹)
- 914.42
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 106.84
- Operating Margin %
- 13.76%
- Net Margin %
- 4.00%
- ROE %
- 4.14%
- ROCE %
- 5.57%
- 2.42%
- Debtor Days
- 18
- Inventory Days
- 27
- Payable Days
- 224
- -179
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 3.05x
- 1.59x
- Revenue Growth %
- -4.84%
- Operating Profit Growth %
- -9.95%
- Net Profit Growth %
- -18.15%
- -17.31%
- P/E (x)
- 50.61x
- P/B (x)
- 1.99x
- Dividend Yield %
- 0.49%
- 14.91x
- EPS (₹)
- 59.95
- Book Value (₹)
- 946.26
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 131.95
- Operating Margin %
- 16.83%
- Net Margin %
- 6.32%
- ROE %
- 6.55%
- ROCE %
- 8.15%
- 3.65%
- Debtor Days
- 17
- Inventory Days
- 26
- Payable Days
- 221
- -178
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 4.02x
- 1.54x
- Revenue Growth %
- 5.89%
- Operating Profit Growth %
- 24.25%
- Net Profit Growth %
- 65.67%
- 66.76%
- P/E (x)
- 29.63x
- P/B (x)
- 1.88x
- Dividend Yield %
- 0.51%
- 12.18x
Documents
Announcements
- General Updates
2026-08-20 - Intimation of Schedule of Analyst/ Institutional Investor Meeting(s)
- General Updates
2026-08-05 - Intimation of Schedule of Analyst/ Institutional Investor Meeting(s)
Annual Reports
Nothing filed yet.
Credit Ratings
- Credit Rating- Others
2026-07-17 - Intimation of reaffirmation of ESG Rating by ICRA
- Credit Rating
2026-01-19 - Dalmia Bharat Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-08-12 - Dalmia Bharat Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Jan 2026

