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 ₹ 44,210 Cr.
- Current Price ₹ 2,357
- High / Low ₹ 2,425 / 1,672
- Stock P/E 38.4
- Book Value ₹ 854
- Dividend Yield 0.38 %
- ROCE 8.48 %
- ROE 6.97 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 38.5% CAGR over last 5 years
Cons
- Stock is trading at 2.76 times its book value
- The company has delivered a poor sales growth of 9.56% over past five years.
- Company has a low return on equity of 7.20% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
7,444 | 8,579 | 9,484 | 9,674 | 10,110 | 11,286 | 13,540 | 14,040 | |
5,550 | 6,543 | 7,542 | 7,591 | 7,340 | 8,855 | 10,670 | 11,490 | |
Operating Profit | 1,894 | 2,036 | 1,942 | 2,083 | 2,770 | 2,431 | 2,870 | 2,550 |
OPM % | 25% | 24% | 20% | 22% | 27% | 22% | 21% | 18% |
296 | 274 | 235 | 217 | 145 | 166 | -10 | 610 | |
Interest | 856 | 708 | 542 | 415 | 303 | 202 | 234 | 317 |
Depreciation | 1,226 | 1,213 | 1,296 | 1,528 | 1,250 | 1,235 | 1,305 | 1,461 |
Profit before tax | 108 | 389 | 339 | 357 | 1,362 | 1,160 | 1,321 | 1,382 |
Tax % | 69% | 25% | -3% | 33% | 13% | 27% | 18% | |
44 | 291 | 349 | 238 | 1,183 | 845 | 1,079 | 1,094 | |
EPS in Rs | 8,800.00 | 58,400.00 | 15.96 | 11.61 | 62.58 | 43.55 | 55.21 | 55.52 |
Dividend Payout % | 0% | 0% | 13% | 17% | 2% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 12% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 39% |
3 Years: | 81% |
TTM: | 103% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 28% |
1 Year: | 25% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 39 | 39 | 37 | 37 | 37 | 38 |
Reserves | 2,975 | 3,681 | 10,600 | 10,522 | 12,773 | 16,024 | 15,591 | 15,973 |
8,038 | 7,266 | 5,883 | 6,049 | 3,839 | 3,176 | 3,855 | 5,399 | |
10,249 | 10,387 | 4,016 | 4,268 | 5,237 | 5,431 | 6,036 | 5,854 | |
Total Liabilities | 21,262 | 21,334 | 20,538 | 20,878 | 21,886 | 24,668 | 25,519 | 27,264 |
15,516 | 14,037 | 13,573 | 12,555 | 13,626 | 14,147 | 14,796 | 15,355 | |
CWIP | 128 | 173 | 520 | 1,740 | 1,006 | 1,034 | 1,859 | 1,852 |
Investments | 2,740 | 3,505 | 2,424 | 2,816 | 4,033 | 5,704 | 3,524 | 4,716 |
2,878 | 3,619 | 4,021 | 3,767 | 3,221 | 3,783 | 5,340 | 5,341 | |
Total Assets | 21,262 | 21,334 | 20,538 | 20,878 | 21,886 | 24,668 | 25,519 | 27,264 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
1,875 | 1,606 | 1,843 | 2,340 | 3,604 | 1,932 | 2,252 | |
-139 | 135 | 189 | -1,760 | -300 | -1,045 | -2,326 | |
-1,749 | -1,564 | -2,067 | -594 | -3,375 | -942 | 168 | |
Net Cash Flow | -13 | 177 | -35 | -14 | -71 | -55 | 94 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 26 | 24 | 21 | 25 | 18 | 22 | 19 |
Inventory Days | 189 | 186 | 211 | 204 | 180 | 234 | 242 |
Days Payable | 258 | 222 | 179 | 173 | 213 | 211 | 209 |
Cash Conversion Cycle | -43 | -12 | 53 | 55 | -14 | 45 | 52 |
Working Capital Days | -29 | -29 | -25 | -37 | -24 | -21 | -18 |
ROCE % | 9% | 5% | 4% | 10% | 7% | 8% |
Documents
Announcements
- Update 4m
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 17m
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - The management of the company shall attend Investor meetings in Mumbai organized by 'CITIC CLSA -India Forum 2023' schedule on November 29, 2023.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Nov
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 6 Nov
Annual reports
Concalls
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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]