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]
LeadershipDalmia is the 4th largest cement manufacturing company in India.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | UltraTech Cem. | 12204.00 | 49.03 | 359626.46 | 0.64 | 1237.98 | 75.23 | 19606.93 | 20.33 | 10.89 | 81724.53 | 18.35 | 7334.75 | 1231.58 | 4.99 | 5.19 | 0.35 |
| 2. | Grasim Inds | 2865.30 | 45.06 | 194989.89 | 0.35 | 1498.04 | 68.24 | 39899.58 | 16.59 | 7.50 | 159663.26 | 20.07 | 4327.58 | 553.48 | 1.96 | 1.69 | 2.06 |
| 3. | Ambuja Cements | 563.55 | 24.24 | 139299.61 | 0.35 | 2302.28 | 233.64 | 9174.49 | 21.48 | 10.50 | 38772.67 | 18.83 | 5746.21 | 1935.75 | 2.48 | 7.02 | 0.02 |
| 4. | Shree Cement | 27670.00 | 58.08 | 99835.43 | 0.40 | 309.82 | 303.60 | 4761.07 | 17.44 | 6.71 | 20146.65 | 23.33 | 1718.89 | 308.51 | 4.45 | 3.97 | 0.10 |
| 5. | J K Cements | 5749.50 | 42.93 | 44425.38 | 0.26 | 159.25 | 275.56 | 3019.20 | 17.93 | 13.99 | 12883.19 | 18.56 | 1034.93 | 160.53 | 6.85 | 5.11 | 1.00 |
| 6. | Dalmia BharatLtd | 2115.60 | 302.91 | 39681.45 | 0.43 | 14.00 | 40.00 | 80.00 | 175.86 | 2.56 | 294.00 | 12.24 | 131.00 | 14.00 | 5.10 | 2.32 | 0.00 |
| 7. | ACC | 1752.00 | 10.18 | 32900.33 | 0.43 | 1119.26 | 401.44 | 5931.67 | 27.99 | 17.44 | 24060.83 | 14.84 | 3230.72 | 1119.23 | 1.65 | 9.46 | 0.02 |
| – | Median: 34 Co. | 208.63 | 31.09 | 3182.5 | 0.2 | 16.87 | 114.06 | 556.6 | 17.41 | 5.94 | 2379.46 | 11.98 | 65.69 | 17.45 | 2.48 | 1.46 | 0.62 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 32 | 30 | 61 | 35 | 34 | 75 | 34 | 32 | 78 | 33 | 33 | 29 | 80 |
Expenses | 29 | 28 | 52 | 32 | 30 | 65 | 30 | 25 | 73 | 30 | 28 | 24 | 68 |
Operating Profit | 3 | 2 | 9 | 3 | 4 | 10 | 4 | 7 | 5 | 3 | 5 | 5 | 12 |
Other Income | 11 | 9 | 8 | 9 | 99 | 28 | 94 | 12 | 70 | 88 | 85 | 12 | 7 |
Profit before tax | 12 | 9 | 14 | 10 | 101 | 34 | 95 | 17 | 75 | 89 | 87 | 14 | 15 |
Tax % | 8% | 0% | 50% | 10% | 5% | 3% | 6% | 35% | -3% | 4% | 5% | 29% | 7% |
Net Profit | 11 | 9 | 7 | 9 | 96 | 33 | 89 | 11 | 77 | 85 | 83 | 10 | 14 |
EPS in Rs | 0.59 | 0.48 | 0.37 | 0.48 | 5.12 | 1.76 | 4.75 | 0.59 | 4.11 | 4.53 | 4.43 | 0.53 | 0.75 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 0 | 0 | 103 | 125 | 164 | 151 | 148 | 135 | 132 | 130 | 202 | 294 |
Expenses | 0 | 0 | 86 | 113 | 126 | 128 | 133 | 114 | 118 | 113 | 179 | 258 |
Operating Profit | 0 | 0 | 17 | 12 | 38 | 23 | 15 | 21 | 14 | 17 | 23 | 36 |
Other Income | 0 | 0 | 65 | 91 | 87 | 143 | 41 | 184 | 200 | 115 | 189 | 113 |
Interest | 0 | 0 | 21 | 5 | 2 | 4 | 11 | 4 | 3 | 4 | 1 | 1 |
Depreciation | 0 | 0 | 4 | 4 | 4 | 9 | 11 | 6 | 6 | 5 | 6 | 10 |
Profit before tax | 0 | 0 | 57 | 94 | 119 | 153 | 34 | 195 | 205 | 123 | 205 | 138 |
Net Profit | 0 | 0 | 40 | 72 | 101 | 135 | 25 | 183 | 195 | 112 | 190 | 131 |
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 | 6.99 |
Dividend Payout % | – | – | 0% | 7,855% | 39% | 29% | 98% | 91% | 85% | 153% | 90% | – |
Standalone figures in ₹ crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 0.05 | 0.05 | 6,654 | 39 | 39 | 37 | 37 | 37 | 38 | 38 | 38 |
Reserves | -0 | -0 | 809 | 859 | 7,541 | 7,603 | 7,463 | 7,956 | 7,811 | 7,762 | 7,800 | 7,738 |
Borrowings | 0 | 0 | 200 | 2 | 2 | 19 | 205 | 5 | 3 | 5 | 12 | 25 |
Other Liabilities | 0 | 0 | 6,817 | 231 | 100 | 52 | 72 | 116 | 96 | 101 | 163 | 156 |
Total Liabilities | 0 | 0 | 7,826 | 7,746 | 7,682 | 7,713 | 7,777 | 8,114 | 7,947 | 7,906 | 8,013 | 7,957 |
Fixed Assets | 0 | 0 | 0 | 74 | 72 | 90 | 73 | 72 | 68 | 66 | 71 | 99 |
Gross Block | 0.00 | 0.00 | 0.00 | 83.00 | 85.00 | 112.00 | 93.00 | 87.00 | 88.00 | 91.00 | 98.00 | – |
Accumulated Depreciation | 0.00 | 0.00 | 0.00 | 9.00 | 13.00 | 22.00 | 20.00 | 15.00 | 20.00 | 25.00 | 27.00 | – |
CWIP | 0 | 0 | 0 | 1 | 7 | 2 | 1 | 0 | 0 | 0 | 12 | 2 |
Investments | 0 | 0 | 7,162 | 7,066 | 7,113 | 7,042 | 7,091 | 7,521 | 7,346 | 7,354 | 7,385 | 7,733 |
Other Assets | 0 | 0 | 664 | 605 | 490 | 579 | 612 | 521 | 533 | 486 | 545 | 123 |
Total Assets | 0 | 0 | 7,826 | 7,746 | 7,682 | 7,713 | 7,777 | 8,114 | 7,947 | 7,906 | 8,013 | 7,957 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | – | – | 18 | -198 | -187 | -12 | 40 | -11 | 11 | 30 | 39 |
Cash from Investing Activity | – | – | 15 | 431 | 225 | 205 | 70 | 305 | 242 | 68 | 131 |
Cash from Financing Activity | – | – | -33 | -231 | -31 | -91 | -217 | -299 | -174 | -175 | -172 |
Net Cash Flow | – | – | 0 | 2 | 7 | 102 | -107 | -5 | 79 | -77 | -2 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 810 | 757 | 257 | -6 | 34 | 501 |
ROCE % | – | 0% | 15% | 2% | 1% | 2% | 1% | 3% | 3% | 2% | 3% |
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Stock Analysis
Dalmia Bharat Limited is a major player in the Indian cement industry, engaged in the manufacturing and selling of cement. It is the fourth-largest cement manufacturer by installed capacity in India.
Currently no data available for Key Growth Triggers.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
• Disposal of stake in O2 Renewable Energy V Private Limited completed on January 16, 2026.
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