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 ₹ 38,951 Cr.
- Current Price ₹ 2,075
- High / Low ₹ 2,187 / 1,601
- Stock P/E 211
- Book Value ₹ 418
- Dividend Yield 0.43 %
- ROCE 2.56 %
- ROE 2.36 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 109%
Cons
- Stock is trading at 4.97 times its book value
- The company has delivered a poor sales growth of 5.99% over past five years.
- Tax rate seems low
- Company has a low return on equity of 2.07% over last 3 years.
- Earnings include an other income of Rs.189 Cr.
- Working capital days have increased from 180 days to 508 days
* 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.
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 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 103 | 125 | 164 | 151 | 148 | 135 | 132 | 130 | 202 | |
0 | 0 | 86 | 113 | 126 | 128 | 133 | 114 | 118 | 113 | 179 | |
Operating Profit | 0 | 0 | 17 | 12 | 38 | 23 | 15 | 21 | 14 | 17 | 23 |
OPM % | 16% | 10% | 23% | 15% | 10% | 16% | 11% | 13% | 11% | ||
0 | 0 | 65 | 91 | 87 | 143 | 41 | 184 | 200 | 115 | 189 | |
Interest | 0 | 0 | 21 | 5 | 2 | 4 | 11 | 4 | 3 | 4 | 1 |
Depreciation | 0 | 0 | 4 | 4 | 4 | 9 | 11 | 6 | 6 | 5 | 6 |
Profit before tax | 0 | 0 | 57 | 94 | 119 | 153 | 34 | 195 | 205 | 123 | 205 |
Tax % | 30% | 23% | 15% | 12% | 26% | 6% | 5% | 9% | 7% | ||
0 | 0 | 40 | 72 | 101 | 135 | 25 | 183 | 195 | 112 | 190 | |
EPS in Rs | 0.00 | 0.00 | 8,000.00 | 14,400.00 | 5.23 | 7.00 | 1.34 | 9.77 | 10.40 | 5.97 | 10.13 |
Dividend Payout % | 0% | 7,855% | 39% | 29% | 98% | 91% | 85% | 153% | 90% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 14% |
TTM: | 55% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | -3% |
TTM: | 69% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 17% |
1 Year: | 14% |
Return on Equity | |
---|---|
10 Years: | 2% |
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 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 0.05 | 0.05 | 6,654 | 39 | 39 | 37 | 37 | 37 | 38 | 38 |
Reserves | -0 | -0 | 809 | 859 | 7,541 | 7,603 | 7,463 | 7,956 | 7,811 | 7,762 | 7,800 |
0 | 0 | 200 | 2 | 2 | 19 | 205 | 5 | 3 | 5 | 12 | |
0 | 0 | 6,817 | 231 | 100 | 52 | 72 | 116 | 96 | 101 | 163 | |
Total Liabilities | 0 | 0 | 7,826 | 7,746 | 7,682 | 7,713 | 7,777 | 8,114 | 7,947 | 7,906 | 8,013 |
0 | 0 | 0 | 74 | 72 | 90 | 73 | 72 | 68 | 66 | 71 | |
CWIP | 0 | 0 | 0 | 1 | 7 | 2 | 1 | 0 | 0 | 0 | 12 |
Investments | 0 | 0 | 7,162 | 7,066 | 7,113 | 7,042 | 7,091 | 7,521 | 7,346 | 7,354 | 7,385 |
0 | 0 | 664 | 605 | 490 | 579 | 612 | 521 | 533 | 486 | 545 | |
Total Assets | 0 | 0 | 7,826 | 7,746 | 7,682 | 7,713 | 7,777 | 8,114 | 7,947 | 7,906 | 8,013 |
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 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
18 | -198 | -187 | -12 | 40 | -11 | 11 | 30 | 39 | |||
15 | 431 | 225 | 205 | 70 | 305 | 242 | 68 | 131 | |||
-33 | -231 | -31 | -91 | -217 | -299 | -174 | -175 | -172 | |||
Net Cash Flow | 0 | 2 | 7 | 102 | -107 | -5 | 79 | -77 | -2 |
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 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 64 | 116 | 41 | 32 | 24 | 36 | 31 | 38 | ||
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 46 | 64 | 116 | 41 | 32 | 24 | 36 | 31 | 38 | ||
Working Capital Days | 1,435 | 1,075 | 737 | 822 | 1,250 | 262 | -3 | 36 | 508 | ||
ROCE % | 0% | 15% | 2% | 1% | 2% | 1% | 3% | 3% | 2% | 3% |
Documents
Announcements
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Announcement Under Regulation 30 (LODR)-Updates
2h - Waiver of Rs. 12.37 lakh GST interest and penalty for subsidiary DCBL, no financial impact.
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 19 Jun
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Intimation Of Schedule Of Analyst/ Institutional Investor Meeting(S)
18 Jun - Scheduled investor meeting on June 24, 2025, in Hong Kong; no UPSI to be shared.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 Jun
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 18 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT REC
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Apr 2025TranscriptNotesPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Oct 2023Transcript PPT REC
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Mar 2023TranscriptPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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Apr 2021TranscriptPPT
Leadership
Dalmia is the 4th largest cement manufacturing company in India. [1]