Dalmia Bharat Ltd
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]
- Market Cap ₹ 36,449 Cr.
- Current Price ₹ 1,943
- High / Low ₹ 2,431 / 1,803
- Stock P/E 192
- Book Value ₹ 426
- Dividend Yield 0.46 %
- ROCE 2.61 %
- ROE 2.45 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 25.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 91.6%
Cons
- Stock is trading at 4.56 times its book value
- The company has delivered a poor sales growth of 1.10% over past five years.
- Tax rate seems low
- Company has a low return on equity of 1.81% over last 3 years.
- Earnings include an other income of Rs.197 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cement Industry: Cement - South India
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 103 | 125 | 164 | 151 | 148 | 135 | 132 | 132 | |
0 | 0 | 86 | 113 | 126 | 128 | 133 | 114 | 118 | 118 | |
Operating Profit | 0 | 0 | 17 | 12 | 38 | 23 | 15 | 21 | 14 | 14 |
OPM % | 16% | 10% | 23% | 15% | 10% | 16% | 11% | 11% | ||
0 | 0 | 65 | 91 | 87 | 143 | 41 | 184 | 200 | 197 | |
Interest | 0 | 0 | 21 | 5 | 2 | 4 | 11 | 4 | 3 | 4 |
Depreciation | 0 | 0 | 4 | 4 | 4 | 9 | 11 | 6 | 6 | 6 |
Profit before tax | 0 | 0 | 57 | 94 | 119 | 153 | 34 | 195 | 205 | 201 |
Tax % | 30% | 23% | 15% | 12% | 26% | 6% | 5% | |||
0 | 0 | 40 | 72 | 101 | 135 | 25 | 183 | 195 | 190 | |
EPS in Rs | 0.00 | 0.00 | 8,000.00 | 14,400.00 | 5.23 | 7.00 | 1.34 | 9.77 | 10.40 | 10.14 |
Dividend Payout % | 0% | 7,855% | 39% | 29% | 98% | 91% | 85% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | -4% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 24% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 10% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 0 | 6,654 | 39 | 39 | 37 | 37 | 37 | 38 |
Reserves | -0 | -0 | 809 | 859 | 7,541 | 7,603 | 7,463 | 7,956 | 7,811 | 7,960 |
0 | 0 | 200 | 2 | 2 | 19 | 205 | 5 | 3 | 3 | |
0 | 0 | 6,817 | 231 | 100 | 52 | 72 | 116 | 96 | 117 | |
Total Liabilities | 0 | 0 | 7,826 | 7,746 | 7,682 | 7,713 | 7,777 | 8,114 | 7,947 | 8,118 |
0 | 0 | 0 | 74 | 72 | 90 | 73 | 72 | 68 | 66 | |
CWIP | 0 | 0 | 0 | 1 | 7 | 2 | 1 | 0 | 0 | 0 |
Investments | 0 | 0 | 7,162 | 7,066 | 7,113 | 7,042 | 7,091 | 7,521 | 7,346 | 7,468 |
0 | 0 | 664 | 605 | 490 | 579 | 612 | 521 | 533 | 584 | |
Total Assets | 0 | 0 | 7,826 | 7,746 | 7,682 | 7,713 | 7,777 | 8,114 | 7,947 | 8,118 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
18 | -198 | -187 | -12 | 40 | -11 | 11 | |||
15 | 431 | 225 | 205 | 70 | 305 | 242 | |||
-33 | -231 | -31 | -91 | -217 | -299 | -174 | |||
Net Cash Flow | 0 | 2 | 7 | 102 | -107 | -5 | 79 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 64 | 116 | 41 | 32 | 24 | 36 | ||
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 46 | 64 | 116 | 41 | 32 | 24 | 36 | ||
Working Capital Days | 1,435 | 1,075 | 737 | 822 | 1,250 | 262 | -3 | ||
ROCE % | 0% | 15% | 2% | 1% | 2% | 1% | 3% | 3% |
Documents
Announcements
- Announcement Under Regulation 30 Of SEBI Listing Regulations, 2015 10h
- Intimation Of Receipt Of Request For Reclassification From ''Promoter And Promoter Group'' Category To ''Public'' Category 1d
- Intimation Of Receipt Of Request For Reclassification From 'Promoter And Promoter Group' Category To 'Public' Category 2d
- Compliance Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 15 Apr
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Apr - Invite for investors/analyst conference call on Thursday, April 25, 2024
Annual reports
Concalls
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT REC
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Sep 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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Apr 2021TranscriptPPT
Group Overview
Founded in 1939 by Late Shri Jaidayal Dalmia, Dalmia Bharat Group is one of the Fastest Growing and Most Profitable Groups in India. Dalmia Bharat Ltd. is 4th largest cement manufacturing company in India and Dalmia Bharat Sugar Ltd. is one of the fastest growing cane based multi-product companies.[1]