Dalmia Bharat Ltd

Dalmia Bharat Ltd

₹ 1,858 -1.66%
19 Jun 10:45 a.m.
About

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]

Key Points

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]

  • Market Cap 34,840 Cr.
  • Current Price 1,858
  • High / Low 2,431 / 1,651
  • Stock P/E 45.5
  • Book Value 874
  • Dividend Yield 0.48 %
  • ROCE 6.71 %
  • ROE 4.78 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 19.1%

Cons

  • The company has delivered a poor sales growth of 9.15% over past five years.
  • Company has a low return on equity of 5.65% over last 3 years.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,151 2,587 2,581 2,734 3,380 3,302 2,971 3,355 3,915 3,624 3,149 3,604 4,307
2,384 1,920 1,960 2,323 2,697 2,713 2,592 2,711 3,205 3,014 2,560 2,825 3,653
Operating Profit 767 667 621 411 683 589 379 644 710 610 589 779 654
OPM % 24% 26% 24% 15% 20% 18% 13% 19% 18% 17% 19% 22% 15%
39 26 26 62 57 39 33 42 424 57 84 60 120
Interest 61 60 50 46 45 47 54 69 64 83 101 108 94
Depreciation 327 297 303 302 333 312 332 325 336 399 401 370 328
Profit before tax 418 336 294 125 362 269 26 292 734 185 171 361 352
Tax % -53% 29% 31% 28% 25% 24% -81% 25% 17% 22% 28% 26% 9%
639 238 203 92 271 205 47 218 609 144 123 266 320
EPS in Rs 33.51 12.13 10.58 4.49 14.20 10.46 2.45 10.88 31.42 6.93 6.29 14.02 16.80
Raw PDF

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
7,444 8,579 9,484 9,674 10,110 11,286 13,552 14,691
5,550 6,543 7,542 7,591 7,340 8,860 11,224 12,052
Operating Profit 1,894 2,036 1,942 2,083 2,770 2,426 2,328 2,639
OPM % 25% 24% 20% 22% 27% 22% 17% 18%
296 274 235 217 145 171 532 314
Interest 856 708 542 415 303 202 234 386
Depreciation 1,226 1,213 1,296 1,528 1,250 1,235 1,305 1,498
Profit before tax 108 389 339 357 1,362 1,160 1,321 1,069
Tax % 69% 25% -3% 33% 13% 27% 18% 20%
44 291 349 238 1,183 845 1,079 853
EPS in Rs 8,800.00 58,400.00 15.96 11.61 62.58 43.55 55.21 44.04
Dividend Payout % 0% 1,937% 13% 17% 2% 20% 16% 21%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 13%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: -13%
TTM: -31%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 2%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 6%
Last Year: 5%

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
Equity Capital 6,654 6,654 39 39 37 37 37 38
Reserves 2,975 3,681 10,600 10,522 12,773 16,024 15,591 16,359
8,038 7,266 5,883 6,049 3,839 3,176 3,855 4,805
3,595 3,763 4,016 4,268 5,237 5,431 6,036 6,510
Total Liabilities 21,262 21,364 20,538 20,878 21,886 24,668 25,519 27,712
15,516 14,037 13,573 12,555 13,626 14,147 14,784 15,732
CWIP 128 168 520 1,740 1,006 1,034 1,871 2,395
Investments 2,740 3,505 2,424 2,816 4,033 5,704 3,524 4,462
2,878 3,654 4,021 3,767 3,221 3,783 5,340 5,123
Total Assets 21,262 21,364 20,538 20,878 21,886 24,668 25,519 27,712

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
1,875 1,606 1,843 2,340 3,604 1,932 2,252 2,635
-139 135 189 -1,760 -300 -1,045 -2,326 -2,750
-1,749 -1,564 -2,067 -594 -3,375 -942 168 222
Net Cash Flow -13 177 -35 -14 -71 -55 94 107

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 24 21 25 18 22 19 21
Inventory Days 189 186 211 204 180 234 242 164
Days Payable 258 223 179 173 213 211 209 178
Cash Conversion Cycle -43 -13 53 55 -14 45 52 8
Working Capital Days -29 -26 -25 -37 -24 -21 -18 -21
ROCE % 6% 4% 4% 10% 7% 8% 7%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.97% 55.97% 55.97% 55.90% 55.90% 55.87% 55.86% 55.86% 55.86% 55.85% 55.84% 55.84%
13.14% 13.77% 13.46% 12.63% 12.59% 12.37% 12.43% 12.87% 13.91% 14.13% 12.96% 11.37%
5.72% 6.00% 6.49% 7.07% 7.26% 8.14% 8.13% 8.53% 8.82% 9.42% 11.03% 12.62%
0.07% 0.07% 0.07% 0.07% 0.07% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
25.10% 24.18% 24.01% 24.33% 24.18% 23.49% 23.45% 22.59% 21.29% 20.46% 20.03% 20.03%
No. of Shareholders 36,25649,15757,93862,64766,29862,93559,63657,07251,46648,92752,42861,204

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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