Dalmia Bharat Ltd.
•₹ 1,880-0.9%
2026-08-21
PROS
- Company has delivered good profit growth of 41.3% CAGR over last 5 years
- Company is almost debt free
- Company has delivered good sales growth of 19.5% CAGR over last 5 years
- Working capital cycle has improved - days down from 613 to 447
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 77.7% versus prior year
- A large part of profit comes from other income (80.9% of PBT)
- Company has a low return on capital employed of 2.1%
- Company has a low return on equity of 1.9% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.26x)
* 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 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 35 | 33 | 30 | 32 | 34 | 29 | 61 | 78 | 75 | 80 | 101 | 105 | 108 | |
| 32 | 28 | 28 | 25 | 30 | 24 | 52 | 73 | 65 | 68 | 72 | 81 | 97 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 9 | 85 | 9 | 12 | 99 | 12 | 8 | 70 | 28 | 7 | 8 | 80 | 14 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -2 | 1 | 1 | 5 | 11 | 6 |
| Depreciation | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 3 | 10 | 9 | 10 |
| 10 | 87 | 9 | 17 | 101 | 14 | 14 | 75 | 34 | 15 | 20 | 82 | 25 | |
| Tax % | 10.00% | 4.60% | 0.00% | 35.29% | 4.95% | 28.57% | 50.00% | -2.67% | 2.94% | 6.67% | 0.00% | 10.98% | 8.00% |
| Net Profit | 9 | 83 | 9 | 11 | 96 | 10 | 7 | 77 | 33 | 14 | 20 | 73 | 23 |
| 0 | 4 | 0 | 1 | 5 | 1 | 0 | 0 | 2 | 1 | 1 | 1 | 0 | |
| 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% |
Jun 2023
- 35
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 1
- 10
- Tax %
- 10.00%
- Net Profit
- 9
- 0
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 37
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 33
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 85
- Interest
- 1
- Depreciation
- 2
- 87
- Tax %
- 4.60%
- Net Profit
- 83
- 4
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 30
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 1
- 9
- Tax %
- 0.00%
- Net Profit
- 9
- 0
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 32
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 1
- Depreciation
- 1
- 17
- Tax %
- 35.29%
- Net Profit
- 11
- 1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 34
- 30
- Operating Profit
- —
- OPM %
- —
- Other Income
- 99
- Interest
- 1
- Depreciation
- 1
- 101
- Tax %
- 4.95%
- Net Profit
- 96
- 5
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 29
- 24
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 1
- Depreciation
- 2
- 14
- Tax %
- 28.57%
- Net Profit
- 10
- 1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 61
- 52
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 1
- Depreciation
- 2
- 14
- Tax %
- 50.00%
- Net Profit
- 7
- 0
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 78
- 73
- Operating Profit
- —
- OPM %
- —
- Other Income
- 70
- Interest
- -2
- Depreciation
- 2
- 75
- Tax %
- -2.67%
- Net Profit
- 77
- 0
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 75
- 65
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 1
- Depreciation
- 3
- 34
- Tax %
- 2.94%
- Net Profit
- 33
- 2
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 80
- 68
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 1
- Depreciation
- 3
- 15
- Tax %
- 6.67%
- Net Profit
- 14
- 1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 101
- 72
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 5
- Depreciation
- 10
- 20
- Tax %
- 0.00%
- Net Profit
- 20
- 1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 105
- 81
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 11
- Depreciation
- 9
- 82
- Tax %
- 10.98%
- Net Profit
- 73
- 1
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 108
- 97
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 6
- Depreciation
- 10
- 25
- Tax %
- 8.00%
- Net Profit
- 23
- 0
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 38
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 103 | 125 | 164 | 151 | 148 | 135 | 132 | 130 | 202 | 361 | 394 | |
| 86 | 113 | 132 | 151 | 140 | 117 | 118 | 114 | 179 | 286 | 318 | |
| Operating Profit | 82 | 103 | 125 | 166 | 56 | 235 | 214 | 132 | 212 | 198 | — |
| OPM % | 80 | 82 | 76 | 110 | 38 | 174 | 162 | 102 | 105 | 55 | — |
| Other Income | 65 | 91 | 93 | 166 | 48 | 217 | 200 | 116 | 189 | 123 | 109 |
| Interest | 21 | 5 | 2 | 4 | 11 | 4 | 3 | 4 | 1 | 17 | 23 |
| Depreciation | 4 | 4 | 4 | 9 | 11 | 6 | 6 | 5 | 6 | 25 | 32 |
| 57 | 94 | 119 | 153 | 34 | 195 | 205 | 123 | 205 | 152 | 142 | |
| Tax % | 30 | 23 | 15 | 12 | 26 | 6 | 5 | 9 | 7 | 7 | 8 |
| Net Profit | 40 | 72 | 101 | 135 | 25 | 183 | 195 | 112 | 190 | 141 | 130 |
| EPS | 2 | 4 | 5 | 7 | 1 | 10 | 10 | 6 | 10 | 7 | — |
| Dividend Payout % | — | — | 39 | 29 | 98 | 91 | 85 | 153 | 90 | 121 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 5 | 7 | 1 | 10 | 11 | 6 | 10 | 7 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 5 | 7 | 1 | 10 | 11 | 6 | 10 | 7 | — |
Mar 2017
- 103
- 86
- Operating Profit
- 82
- OPM %
- 80
- Other Income
- 65
- Interest
- 21
- Depreciation
- 4
- 57
- Tax %
- 30
- Net Profit
- 40
- EPS
- 2
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 125
- 113
- Operating Profit
- 103
- OPM %
- 82
- Other Income
- 91
- Interest
- 5
- Depreciation
- 4
- 94
- Tax %
- 23
- Net Profit
- 72
- EPS
- 4
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 164
- 132
- Operating Profit
- 125
- OPM %
- 76
- Other Income
- 93
- Interest
- 2
- Depreciation
- 4
- 119
- Tax %
- 15
- Net Profit
- 101
- EPS
- 5
- Dividend Payout %
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2020
- 151
- 151
- Operating Profit
- 166
- OPM %
- 110
- Other Income
- 166
- Interest
- 4
- Depreciation
- 9
- 153
- Tax %
- 12
- Net Profit
- 135
- EPS
- 7
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2021
- 148
- 140
- Operating Profit
- 56
- OPM %
- 38
- Other Income
- 48
- Interest
- 11
- Depreciation
- 11
- 34
- Tax %
- 26
- Net Profit
- 25
- EPS
- 1
- Dividend Payout %
- 98
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2022
- 135
- 117
- Operating Profit
- 235
- OPM %
- 174
- Other Income
- 217
- Interest
- 4
- Depreciation
- 6
- 195
- Tax %
- 6
- Net Profit
- 183
- EPS
- 10
- Dividend Payout %
- 91
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2023
- 132
- 118
- Operating Profit
- 214
- OPM %
- 162
- Other Income
- 200
- Interest
- 3
- Depreciation
- 6
- 205
- Tax %
- 5
- Net Profit
- 195
- EPS
- 10
- Dividend Payout %
- 85
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2024
- 130
- 114
- Operating Profit
- 132
- OPM %
- 102
- Other Income
- 116
- Interest
- 4
- Depreciation
- 5
- 123
- Tax %
- 9
- Net Profit
- 112
- EPS
- 6
- Dividend Payout %
- 153
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2025
- 202
- 179
- Operating Profit
- 212
- OPM %
- 105
- Other Income
- 189
- Interest
- 1
- Depreciation
- 6
- 205
- Tax %
- 7
- Net Profit
- 190
- EPS
- 10
- Dividend Payout %
- 90
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 361
- 286
- Operating Profit
- 198
- OPM %
- 55
- Other Income
- 123
- Interest
- 17
- Depreciation
- 25
- 152
- Tax %
- 7
- Net Profit
- 141
- EPS
- 7
- Dividend Payout %
- 121
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 394
- 318
- Operating Profit
- —
- OPM %
- —
- Other Income
- 109
- Interest
- 23
- Depreciation
- 32
- 142
- Tax %
- 8
- Net Profit
- 130
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 20%
- 3 Years:
- 40%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 41%
- 3 Years:
- -10%
STOCK PRICE CAGR
- 10 Years:
- 9%
- 5 Years:
- -1%
- 3 Years:
- 0%
- 1 Year:
- -19%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 2%
- 3 Years:
- 2%
- Last Year:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 797 | 845 | 7,527 | 7,592 | 7,457 | 7,935 | 7,799 | 7,761 | 7,800 | 7,837 | |
| 198 | 0 | 0 | 0 | 198 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 15 | 12 | 7 | 5 | 3 | 3 | 3 | 3 | 10 | 20 |
| 6,815 | 6,889 | 104 | 64 | 82 | 139 | 108 | 104 | 165 | 346 | |
| Total Liabilities | 7,825 | 7,746 | 7,677 | 7,700 | 7,777 | 8,114 | 7,947 | 7,906 | 8,013 | 8,241 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 77 | 74 | 72 | 90 | 73 | 72 | 68 | 66 | 71 | 280 | |
| Capital Work in Progress | 0 | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 10 |
| 7,162 | 7,066 | 7,113 | 7,042 | 7,091 | 7,521 | 7,346 | 7,354 | 7,385 | 7,773 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 21 | 58 | |
| Cash & Bank | 5 | 8 | 15 | 130 | 11 | 6 | 85 | 8 | 6 | 6 |
| 581 | 597 | 475 | 437 | 601 | 515 | 448 | 467 | 530 | 114 | |
| Total Assets | 7,825 | 7,746 | 7,677 | 7,700 | 7,777 | 8,114 | 7,947 | 7,906 | 8,013 | 8,241 |
| Total Debt | 200 | 2 | 2 | 0 | 198 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 318 | 656 | 674 | 719 | 372 | 130 | 135 | 75 | 339 | 442 |
| Contingent Liabilities | 75 | 0 | 0 | 9 | 7 | 8 | 6 | 4 | 2 | 1 |
| Book Value per Share | 0.00 | 0.00 | 388.00 | 391.33 | 405.08 | 430.92 | 423.57 | 410.47 | 412.53 | 414.47 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 200 | 2 | 2 | 0 | 198 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 318 | 656 | 674 | 719 | 372 | 130 | 135 | 75 | 339 | 442 |
| Contingent Liabilities | 75 | 0 | 0 | 9 | 7 | 8 | 6 | 4 | 2 | 1 |
| Book Value per Share | 0.00 | 0.00 | 388.00 | 391.33 | 405.08 | 430.92 | 423.57 | 410.47 | 412.53 | 414.47 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 0
- 797
- 198
- Trade Payables
- 15
- 6,815
- Total Liabilities
- 7,825
- 77
- Capital Work in Progress
- 0
- 7,162
- 0
- Cash & Bank
- 5
- 581
- Total Assets
- 7,825
- Total Debt
- 200
- Net Working Capital
- 318
- Contingent Liabilities
- 75
- Book Value per Share
- 0.00
- Face Value
- 2.00
- Total Debt
- 200
- Net Working Capital
- 318
- Contingent Liabilities
- 75
- Book Value per Share
- 0.00
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 0
- 845
- 0
- Trade Payables
- 12
- 6,889
- Total Liabilities
- 7,746
- 74
- Capital Work in Progress
- 1
- 7,066
- 0
- Cash & Bank
- 8
- 597
- Total Assets
- 7,746
- Total Debt
- 2
- Net Working Capital
- 656
- Contingent Liabilities
- 0
- Book Value per Share
- 0.00
- Face Value
- 2.00
- Total Debt
- 2
- Net Working Capital
- 656
- Contingent Liabilities
- 0
- Book Value per Share
- 0.00
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 39
- 7,527
- 0
- Trade Payables
- 7
- 104
- Total Liabilities
- 7,677
- 72
- Capital Work in Progress
- 2
- 7,113
- 0
- Cash & Bank
- 15
- 475
- Total Assets
- 7,677
- Total Debt
- 2
- Net Working Capital
- 674
- Contingent Liabilities
- 0
- Book Value per Share
- 388.00
- Face Value
- 2.00
- Total Debt
- 2
- Net Working Capital
- 674
- Contingent Liabilities
- 0
- Book Value per Share
- 388.00
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 39
- 7,592
- 0
- Trade Payables
- 5
- 64
- Total Liabilities
- 7,700
- 90
- Capital Work in Progress
- 1
- 7,042
- 0
- Cash & Bank
- 130
- 437
- Total Assets
- 7,700
- Total Debt
- 0
- Net Working Capital
- 719
- Contingent Liabilities
- 9
- Book Value per Share
- 391.33
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 719
- Contingent Liabilities
- 9
- Book Value per Share
- 391.33
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 37
- 7,457
- 198
- Trade Payables
- 3
- 82
- Total Liabilities
- 7,777
- 73
- Capital Work in Progress
- 1
- 7,091
- 0
- Cash & Bank
- 11
- 601
- Total Assets
- 7,777
- Total Debt
- 198
- Net Working Capital
- 372
- Contingent Liabilities
- 7
- Book Value per Share
- 405.08
- Face Value
- 2.00
- Total Debt
- 198
- Net Working Capital
- 372
- Contingent Liabilities
- 7
- Book Value per Share
- 405.08
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 37
- 7,935
- 0
- Trade Payables
- 3
- 139
- Total Liabilities
- 8,114
- 72
- Capital Work in Progress
- 0
- 7,521
- 0
- Cash & Bank
- 6
- 515
- Total Assets
- 8,114
- Total Debt
- 0
- Net Working Capital
- 130
- Contingent Liabilities
- 8
- Book Value per Share
- 430.92
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 130
- Contingent Liabilities
- 8
- Book Value per Share
- 430.92
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 37
- 7,799
- 0
- Trade Payables
- 3
- 108
- Total Liabilities
- 7,947
- 68
- Capital Work in Progress
- 0
- 7,346
- 0
- Cash & Bank
- 85
- 448
- Total Assets
- 7,947
- Total Debt
- 0
- Net Working Capital
- 135
- Contingent Liabilities
- 6
- Book Value per Share
- 423.57
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 135
- Contingent Liabilities
- 6
- Book Value per Share
- 423.57
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 38
- 7,761
- 0
- Trade Payables
- 3
- 104
- Total Liabilities
- 7,906
- 66
- Capital Work in Progress
- 0
- 7,354
- 11
- Cash & Bank
- 8
- 467
- Total Assets
- 7,906
- Total Debt
- 0
- Net Working Capital
- 75
- Contingent Liabilities
- 4
- Book Value per Share
- 410.47
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 75
- Contingent Liabilities
- 4
- Book Value per Share
- 410.47
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 38
- 7,800
- 0
- Trade Payables
- 10
- 165
- Total Liabilities
- 8,013
- 71
- Capital Work in Progress
- 0
- 7,385
- 21
- Cash & Bank
- 6
- 530
- Total Assets
- 8,013
- Total Debt
- 0
- Net Working Capital
- 339
- Contingent Liabilities
- 2
- Book Value per Share
- 412.53
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 339
- Contingent Liabilities
- 2
- Book Value per Share
- 412.53
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 38
- 7,837
- 0
- Trade Payables
- 20
- 346
- Total Liabilities
- 8,241
- 280
- Capital Work in Progress
- 10
- 7,773
- 58
- Cash & Bank
- 6
- 114
- Total Assets
- 8,241
- Total Debt
- 0
- Net Working Capital
- 442
- Contingent Liabilities
- 1
- Book Value per Share
- 414.47
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 442
- Contingent Liabilities
- 1
- Book Value per Share
- 414.47
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18 | -198 | -187 | -12 | 40 | -11 | 11 | 30 | 39 | 46 | |
| Cash from Investing | 15 | 431 | 225 | 205 | 70 | 305 | 242 | 68 | 131 | 138 |
| Cash from Financing | -33 | -231 | -31 | -91 | -217 | -299 | -174 | -175 | -172 | -184 |
| 0 | 2 | 7 | 102 | -107 | -5 | 79 | -77 | -2 | 0 | |
| Free Cash Flow | 18 | -200 | -190 | -36 | 40 | -11 | 11 | 30 | 31 | -196 |
| OCF / Net Profit | 0.45 | -2.75 | -1.85 | -0.09 | 1.60 | -0.06 | 0.06 | 0.27 | 0.21 | 0.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -397 | -186 | 34 | 101 | -135 |
| OCF / Net Profit | 0.45 | -2.75 | -1.85 | -0.09 | 1.60 | -0.06 | 0.06 | 0.27 | 0.21 | 0.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -397 | -186 | 34 | 101 | -135 |
Mar 2017
- 18
- Cash from Investing
- 15
- Cash from Financing
- -33
- 0
- Free Cash Flow
- 18
- OCF / Net Profit
- 0.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.45
- Cumulative 5-Year FCF
- 0
Mar 2018
- -198
- Cash from Investing
- 431
- Cash from Financing
- -231
- 2
- Free Cash Flow
- -200
- OCF / Net Profit
- -2.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.75
- Cumulative 5-Year FCF
- 0
Mar 2019
- -187
- Cash from Investing
- 225
- Cash from Financing
- -31
- 7
- Free Cash Flow
- -190
- OCF / Net Profit
- -1.85
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.85
- Cumulative 5-Year FCF
- 0
Mar 2020
- -12
- Cash from Investing
- 205
- Cash from Financing
- -91
- 102
- Free Cash Flow
- -36
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- 0
Mar 2021
- 40
- Cash from Investing
- 70
- Cash from Financing
- -217
- -107
- Free Cash Flow
- 40
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 0
Mar 2022
- -11
- Cash from Investing
- 305
- Cash from Financing
- -299
- -5
- Free Cash Flow
- -11
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- -397
- OCF / Net Profit
- -0.06
- Cumulative 5-Year FCF
- -397
Mar 2023
- 11
- Cash from Investing
- 242
- Cash from Financing
- -174
- 79
- Free Cash Flow
- 11
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- -186
- OCF / Net Profit
- 0.06
- Cumulative 5-Year FCF
- -186
Mar 2024
- 30
- Cash from Investing
- 68
- Cash from Financing
- -175
- -77
- Free Cash Flow
- 30
- OCF / Net Profit
- 0.27
- Cumulative 5-Year FCF
- 34
- OCF / Net Profit
- 0.27
- Cumulative 5-Year FCF
- 34
Mar 2025
- 39
- Cash from Investing
- 131
- Cash from Financing
- -172
- -2
- Free Cash Flow
- 31
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 101
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 101
Mar 2026
- 46
- Cash from Investing
- 138
- Cash from Financing
- -184
- 0
- Free Cash Flow
- -196
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- -135
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- -135
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 5.18 | 6.92 | 1.35 | 9.89 | 10.54 | 5.89 | 10.00 | 7.42 |
| Book Value (₹) | 0.00 | 0.00 | 388.00 | 391.33 | 405.08 | 430.92 | 423.57 | 410.47 | 412.53 | 414.47 |
| 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 | 5.38 | 7.38 | 1.95 | 10.22 | 10.86 | 6.16 | 10.32 | 8.74 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 79.61% | 82.40% | 76.22% | 109.93% | 37.84% | 174.07% | 162.12% | 12.31% | 11.39% | 20.78% |
| Net Margin % | 38.83% | 57.60% | 61.59% | 89.40% | 16.89% | 135.56% | 147.73% | 86.15% | 94.06% | 39.06% |
| ROE % | 5.02% | 8.77% | 2.40% | 1.78% | 0.33% | 2.37% | 2.47% | 1.43% | 2.43% | 1.79% |
| ROCE % | 1.02% | 1.30% | 1.60% | 2.06% | 0.59% | 2.54% | 2.63% | 1.62% | 2.63% | 2.15% |
| 0.51% | 0.92% | 1.31% | 1.76% | 0.32% | 2.30% | 2.43% | 1.41% | 2.39% | 1.73% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 46 | 51 | 82 | 83 | 37 | 30 | 30 | 34 | 29 | 40 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 46 | 51 | 82 | 83 | 37 | 30 | 30 | 34 | 29 | 40 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.25x | 0.00x | 0.00x | 0.00x | 0.03x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 3.71x | 19.80x | 60.50x | 39.25x | 4.09x | 49.75x | 69.33x | 31.75x | 206.00x | 9.94x |
| 1.95x | 4.23x | 9.53x | 20.97x | 2.57x | 5.48x | 5.35x | 3.78x | 6.14x | 5.60x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 21.36% | 31.20% | -7.93% | -1.99% | -8.78% | -2.22% | -1.52% | 55.38% | 78.71% |
| Operating Profit Growth % | 0.00% | 25.61% | 21.36% | 32.80% | -66.27% | 319.64% | -8.94% | -38.32% | 60.61% | -6.60% |
| Net Profit Growth % | 0.00% | 80.00% | 40.28% | 33.66% | -81.48% | 632.00% | 6.56% | -42.56% | 69.64% | -25.79% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -44.08% | 69.64% | -25.79% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 329.48x | 181.94x | 239.31x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.73x | 4.41x | 4.28x |
| 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 | 279.50x | 163.04x | 170.39x |
Mar 2017
- EPS (₹)
- 0.00
- Book Value (₹)
- 0.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 79.61%
- Net Margin %
- 38.83%
- ROE %
- 5.02%
- ROCE %
- 1.02%
- 0.51%
- Debtor Days
- 46
- Inventory Days
- 0
- Payable Days
- 0
- 46
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 3.71x
- 1.95x
- 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
Mar 2018
- EPS (₹)
- 0.00
- Book Value (₹)
- 0.00
- Dividend per Share (₹)
- 1.70
- Cash EPS (₹)
- 0.00
- Operating Margin %
- 82.40%
- Net Margin %
- 57.60%
- ROE %
- 8.77%
- ROCE %
- 1.30%
- 0.92%
- Debtor Days
- 51
- Inventory Days
- 0
- Payable Days
- 0
- 51
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 19.80x
- 4.23x
- Revenue Growth %
- 21.36%
- Operating Profit Growth %
- 25.61%
- Net Profit Growth %
- 80.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.18
- Book Value (₹)
- 388.00
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 5.38
- Operating Margin %
- 76.22%
- Net Margin %
- 61.59%
- ROE %
- 2.40%
- ROCE %
- 1.60%
- 1.31%
- Debtor Days
- 82
- Inventory Days
- 0
- Payable Days
- 0
- 82
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 60.50x
- 9.53x
- Revenue Growth %
- 31.20%
- Operating Profit Growth %
- 21.36%
- Net Profit Growth %
- 40.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 6.92
- Book Value (₹)
- 391.33
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 7.38
- Operating Margin %
- 109.93%
- Net Margin %
- 89.40%
- ROE %
- 1.78%
- ROCE %
- 2.06%
- 1.76%
- Debtor Days
- 83
- Inventory Days
- 0
- Payable Days
- 0
- 83
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 39.25x
- 20.97x
- Revenue Growth %
- -7.93%
- Operating Profit Growth %
- 32.80%
- Net Profit Growth %
- 33.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.35
- Book Value (₹)
- 405.08
- Dividend per Share (₹)
- 1.33
- Cash EPS (₹)
- 1.95
- Operating Margin %
- 37.84%
- Net Margin %
- 16.89%
- ROE %
- 0.33%
- ROCE %
- 0.59%
- 0.32%
- Debtor Days
- 37
- Inventory Days
- 0
- Payable Days
- 0
- 37
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 4.09x
- 2.57x
- Revenue Growth %
- -1.99%
- Operating Profit Growth %
- -66.27%
- Net Profit Growth %
- -81.48%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 9.89
- Book Value (₹)
- 430.92
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 10.22
- Operating Margin %
- 174.07%
- Net Margin %
- 135.56%
- ROE %
- 2.37%
- ROCE %
- 2.54%
- 2.30%
- Debtor Days
- 30
- Inventory Days
- 0
- Payable Days
- 0
- 30
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 49.75x
- 5.48x
- Revenue Growth %
- -8.78%
- Operating Profit Growth %
- 319.64%
- Net Profit Growth %
- 632.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 10.54
- Book Value (₹)
- 423.57
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 10.86
- Operating Margin %
- 162.12%
- Net Margin %
- 147.73%
- ROE %
- 2.47%
- ROCE %
- 2.63%
- 2.43%
- Debtor Days
- 30
- Inventory Days
- 0
- Payable Days
- 0
- 30
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 69.33x
- 5.35x
- Revenue Growth %
- -2.22%
- Operating Profit Growth %
- -8.94%
- Net Profit Growth %
- 6.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 5.89
- Book Value (₹)
- 410.47
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 6.16
- Operating Margin %
- 12.31%
- Net Margin %
- 86.15%
- ROE %
- 1.43%
- ROCE %
- 1.62%
- 1.41%
- Debtor Days
- 34
- Inventory Days
- 0
- Payable Days
- 0
- 34
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 31.75x
- 3.78x
- Revenue Growth %
- -1.52%
- Operating Profit Growth %
- -38.32%
- Net Profit Growth %
- -42.56%
- -44.08%
- P/E (x)
- 329.48x
- P/B (x)
- 4.73x
- Dividend Yield %
- 0.46%
- 279.50x
Mar 2025
- EPS (₹)
- 10.00
- Book Value (₹)
- 412.53
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 10.32
- Operating Margin %
- 11.39%
- Net Margin %
- 94.06%
- ROE %
- 2.43%
- ROCE %
- 2.63%
- 2.39%
- Debtor Days
- 29
- Inventory Days
- 0
- Payable Days
- 0
- 29
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 206.00x
- 6.14x
- Revenue Growth %
- 55.38%
- Operating Profit Growth %
- 60.61%
- Net Profit Growth %
- 69.64%
- 69.64%
- P/E (x)
- 181.94x
- P/B (x)
- 4.41x
- Dividend Yield %
- 0.49%
- 163.04x
Mar 2026
- EPS (₹)
- 7.42
- Book Value (₹)
- 414.47
- Dividend per Share (₹)
- 9.00
- Cash EPS (₹)
- 8.74
- Operating Margin %
- 20.78%
- Net Margin %
- 39.06%
- ROE %
- 1.79%
- ROCE %
- 2.15%
- 1.73%
- Debtor Days
- 40
- Inventory Days
- 0
- Payable Days
- 0
- 40
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 9.94x
- 5.60x
- Revenue Growth %
- 78.71%
- Operating Profit Growth %
- -6.60%
- Net Profit Growth %
- -25.79%
- -25.79%
- P/E (x)
- 239.31x
- P/B (x)
- 4.28x
- Dividend Yield %
- 0.51%
- 170.39x
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