DALBHARAT · Dalmia Bharat Ltd · Construction - Raw Materials
DALBHARAT · Dalmia Bharat Ltd · Construction - Raw Materials
As of 05 Nov close
52-week range
35.1% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹3,890 Cr
Revenue YoY
PAT YoY
-52.2%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.1
P/S (TTM)
2.2
Sector P/E
32
Dividend yield
+0.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| DALBHARAT (this stock) | 34.1 | 2.1 | +6.2% | +5.2% | 0.41 | +0.5% |
| UltraTech Cement | 38.8 | 5.4 | +9.3% | +11.1% | 0.31 | +2.2% |
| Grasim Industries | 36.9 | 3.2 | +3.1% | +5.5% | 2.2 | +0.3% |
| Ambuja Cements | 23.3 | 2.6 | +11.2% | +7.5% | 0.01 | +0.5% |
Promoter
stable
FII
falling 3q
MF
16.62% (-0.06pp)
falling 1q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 25 Sept 2026 | Rama Investment Company Private Limited | SELL | 3,57,000 | ₹60.69 Cr |
| 25 Sept 2026 | Rama Investment Company Private Limited | SELL | 1,00,000 | ₹17.01 Cr |
| 25 Sept 2026 | Keshav Power Limited | SELL | 7,27,000 | ₹124 Cr |
| 25 Sept 2026 | Dalmia Bharat Refractories Limited | BUY | 10,84,000 | ₹184 Cr |
| 25 Sept 2026 | Dalmia Bharat Refractories Limited | BUY | 1,00,000 | ₹17.01 Cr |
| 10 Aug 2026 | Shri Brahma Creation Trust | SELL | 3,59,710 | ₹0 |
| 10 Aug 2026 | Priyang Dalmia | BUY | 3,59,710 | ₹0 |
| 19 Jun 2026 | Rama Investment Company Private Limited | BUY | 12,90,773 | ₹1 |
| 25 Mar 2026 | Dalmia Bharat Refractories Limited | BUY | 3,33,000 | ₹59.87 Cr |
| 25 Mar 2026 | Keshav Power Limited | SELL | 7,21,000 | ₹130 Cr |
| 24 Mar 2026 | Rama Investment Company Private Limited | BUY | 3,88,000 | ₹69.9 Cr |
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-09-25 | DALBHARAT | 1084000 | 1 | STRONG | BULK |
News timeline
- unknowneconomictimes.indiatimes.com· 01 Nov 2026, 05:16 pmAhead of Market: 10 things that will decide stock market action on Monday
- mediumeconomictimes.indiatimes.com· 29 Oct 2026, 09:08 pmAhead of Market: 10 things that will decide stock market action on Friday
- mediummacroeconomictimes.indiatimes.com· 28 Oct 2026, 09:08 pmAhead of Market: 10 things that will decide stock market action on Wednesday
- highbusiness-standard.com· 27 Oct 2026, 10:19 amDalmia Bharat shares dive 6% to hit 52-week low on Q2 loss of ₹205 crore
- loweconomictimes.indiatimes.com· 27 Oct 2026, 06:00 amStocks in news: Paytm, Tata Consumer, Dalmia Bharat, REC and DCM Shriram
- lowthehindubusinessline.com· 26 Oct 2026, 08:57 pmQ2 Results 26th Oct Highlights: Tata Consumer Q2 profit declines, Aequs, Dalmia Bharat PAT declines q-o-q, Ather Energy & ITC Hotels jump after Q2 results, BoM, TMB, IOB, Mankind Pharma, APL Apollo Q2
- lowthehindubusinessline.com· 26 Oct 2026, 12:42 pmQ2 Results Today 26th Oct Live: APL Apollo Tubes Q2 PAT jumps, Paytm, Tata Consumer, Dalmia Bharat, KFin Tech, Mankind Pharma, REC, IOB, BOM, TMB, Ather Energy, Aegis Logistics, Sona BLW, Nazara, Supr
- lowbusiness-standard.com· 26 Oct 2026, 10:16 amQ2 results: Paytm, REC, Tata Consumer Products among 98 firms on October 26
- mediumsector policybusiness-standard.com· 06 Oct 2026, 12:41 pmIn sweet spot! Sugar stocks surge up to 9%. What's behind the rise?
- mediumcorporate actioneconomictimes.indiatimes.com· 22 Sept 2026, 09:04 pmRHI Magnesita block deal: Dalmia Bharat refractories divests 11.11% stake for Rs 826 crore; SBI MF, Bandhan MF among buyers
- mediumsector policybusiness-standard.com· 20 Aug 2026, 10:07 amSugar stocks: Avadh Sugar, Bajaj Hind gain over 6% on duty-free import plan
- mediumbusiness-standard.com· 13 Aug 2026, 01:27 pmSugar stocks rally up to 7%; Dalmia Bharat, Dhampur, Avadh hit 52-wk highs
Concalls & investor presentations
AI-generatedKey takeaway: Dalmia Bharat Limited held its Q1 FY27 Earnings Conference Call on July 24, 2026, discussing the quarter ended June 30, 2026. Management reported that despite ongoing economic uncertainties, India remains a fast-growing economy, with cement demand projected to grow at 7% for the financial year. The company achieved a 9% year-on-year volume growth, aided by a strong performance in key markets despite challenges from state elections. Management highlighted the successful launch of Weather365, a premium product, and noted improvements in sales quality. Cost management strategies helped mitigate elevated input costs, resulting in an EBITDA per ton of INR1,055. The acquisition of Jaypee Cement assets was emphasized as a strategic move to enhance capacity and market presence, with plans for further expansions. Management expressed confidence in maintaining profitable growth and improving operational efficiency.
Management emphasized growth and strategic acquisitions while addressing challenges.
Sourced from an exchange-filed transcript, dated 28 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Dalmia Bharat Limited held its Q4 FY26 Earnings Conference Call on April 28, 2026, where management discussed the strong growth of the Indian economy and its positive impact on the cement sector. Managing Director Puneet Dalmia highlighted the company's record EBITDA of Rs 3,083 crores and PAT of Rs 1,157 crores for FY26. He noted that cement demand is projected to grow at a CAGR of 7% to 8% in the medium term, despite recent cost pressures from the West Asia conflict affecting power, fuel, and logistics. The company is focused on capacity expansion, aiming for 75 million tons by FY28, and has sufficient limestone reserves to support this growth. CFO Dharmender Tuteja emphasized cost leadership, reporting the lowest quarterly total cost per ton in five years. The management expressed confidence in navigating challenges while maintaining a healthy balance sheet and strong governance practices.
Management emphasized strong financial performance and growth opportunities.
Sourced from an exchange-filed transcript, dated 01 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedDalmia Bharat Limited reported a 6% increase in revenue to Rs. 14,804 crore in FY2025-26, driven by higher sales prices and improved operational efficiencies. The company expanded its cement capacity by 12 MnTPA through strategic investments of Rs. 6,800 crore and acquired 5.2 MnTPA cement capacity from Jaiprakash Associates. EBITDA rose 28% to Rs. 3,083 crore. The company also reduced contingent liabilities and made progress in resolving tax-related issues. Key risks include land acquisition challenges, regulatory and legal uncertainties, and high capital expenditure requirements.
- Revenue increased by 6% to Rs. 14,804 crore in FY2025-26.
- Acquired 5.2 MnTPA cement capacity from Jaiprakash Associates for Rs. 2,850 crore.
- EBITDA rose 28% to Rs. 3,083 crore.
- Reduced contingent liabilities and made progress in tax-related matters.
- Planned capital expenditure of Rs. 3,500-3,700 crore for FY2026-27.
Key takeaway: Dalmia Bharat Limited delivered strong financial performance with revenue and EBITDA growth, strategic capacity expansion, and progress on contingent liabilities, but faces risks related to land acquisition, regulatory challenges, and capital expenditure pressures.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (3 items); Default / Covenant Breach (3 items); Investigation or enforcement mention (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company violated Regulation 23 and Regulation 30 of the Listing Regulations, resulting in cautionary emails/letters from BSE and NSE, with Rs. 10.10 lakh (Rs. 5.05 lakh each by BSE and NSE) as the penalty amount.
Earlier (1-3 years ago)
BSE and NSE levied fines and issued cautionary emails for non-compliance of SEBI Listing Regulations pertaining to financial year 2023-24.
Older (3+ years ago)
The Registrar of Companies (RoC) filed nine complaints against the Company and its erstwhile Managing Director, Chief Financial Officer and Company Secretary before Additional CMM, EO-II, Egmore, Chennai alleging certain non-compliances under Companies Act. The said complaints have been challenged before Chennai High Court by way of petitions seeking quashing of the same. Court has stayed the proceedings before Egmore Court.
Default / Covenant Breach
3 occurrencesRecent (last 12 months)
Dalmia Bharat Limited has overdue loans or advances of more than 90 days as of 31 March 2026, with principal amounts referenced in the notes. The company has impaired a loan of Rs. 30 crores to Rewas Ports Limited during the year ended 31 March 2022.
Earlier (1-3 years ago)
The Company has granted loans which had fallen due during the year and were repaid on or before the due date. No fresh loans were granted to any party to settle the overdue loans/advances in nature of loan.
Older (3+ years ago)
The company has overdue loans with a principal amount overdue for more than 90 days as of 31 March 2022, and has impaired a loan of ₹30 Crores to Rewas Ports Limited during the year ended 31 March 2022.
Investigation or enforcement mention
2 occurrencesEarlier (1-3 years ago)
A whistle blower complaint was received during the year ended March 31, 2024, which was under review and was evaluated and closed in the year ended March 31, 2025.
Older (3+ years ago)
Serious Fraud Investigation Office (SFIO) has filed a petition before NCLT, Mumbai, seeking freezing of assets of various officials of ISSL involved in conspiracy with Allied, based on its interim investigation report dated August 26, 2021.
Routine disclosures
Contingent Liability
4 occurrencesRecent (last 12 months)
The company witnessed a reduction in contingent liabilities, supported by positive progress in tax-related matters. The ED land attachment case saw a reduction in alleged Proceeds of Crime from Rs. 793 crore to Rs. 93 crore.
Dalmia Bharat Limited's contingent liability as a percentage of equity is 6%, which is among the best in the industry. The company has a pending ED land attachment case with a reduced alleged proceeds of crime from INR793 crores to INR93 crores, and the land parcel is to be released by substituting it with a bank guarantee of INR93 crores.
Earlier (1-3 years ago)
The company has contingent liabilities related to demands raised by authorities in dispute, including service tax and income tax matters, as of March 31, 2025.
Older (3+ years ago)
The company has disclosed the impact of pending litigation on its financial position as at 31 March 2022.
Related-Party Transaction
2 occurrencesEarlier (1-3 years ago)
Dalmia Cement (Bharat) Limited, a materially wholly owned subsidiary, provided a corporate guarantee of ₹ 1,700 Crore to another materially wholly owned subsidiary, Dalmia Cement (North East) Limited, which was approved by shareholders at the 11th AGM.
Older (3+ years ago)
The company has disclosed details of dues to micro and small enterprises as per the MSMED Act, 2006, including principal amounts, interest due, and interest accrued and remaining unpaid.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
2.6% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).