Dalmia Bharat Limited

Construction Materials · Cement & Cement Products

NSE: DALBHARAT BSE: 542216

₹1683.70

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Cement & Cement Products

The largest companies in the same industry by market cap. This company ranks #6 of 40. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
UltraTech Cement Limited	322,850	42.6	10.1%	-9.4%	2.19%	58	13	48
Grasim Industries Limited	208,387	291.1	6.1%	9.8%	—	28	65	28
Ambuja Cements Limited	92,932	24.7	7.7%	-34.5%	0.53%	61	68	12
SHREE CEMENT LIMITED	80,622	52.8	7.5%	-23.7%	0.67%	71	25	47
JK Cement Limited	39,221	39.5	13.9%	-19.5%	0.39%	48	5	50
Dalmia Bharat Limited (this stock)	31,580	399.9	6.4%	-24.5%	0.53%	71	43	14
ACC Limited	22,611	11.0	10.4%	-34.1%	0.62%	69	97	11
The Ramco Cements Limited	19,980	31.3	8.6%	-14.8%	0.30%	37	62	12

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹31,579 Cr

EV / EBITDA

160.3x

EV / Sales

80.15x

Market cap / Sales

80.15x

Earnings yield

0.25%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 122 Cr, up 18.4% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 23 Cr, down 30.3% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	108	25	23	₹1.2300
March 31, 2026	105	82	73	₹1.1600
Dec. 31, 2025	101	20	20	₹1.0700
Sept. 30, 2025	80	15	14	₹0.7500
June 30, 2025	75	34	33	₹1.7600
March 31, 2025	78	75	77	₹4.1200
Dec. 31, 2024	61	14	7	₹0.3820
Sept. 30, 2024	29	14	10	₹0.5100
June 30, 2024	34	101	96	₹5.1300
March 31, 2024	32	17	11	₹0.5900
Dec. 31, 2023	30	9	9	₹0.5000
Sept. 30, 2023	33	87	83	₹4.3900
June 30, 2023	35	10	9	₹0.5000

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	122	185	109	87	103	148	69	41	133	44	39	118	44
Operating revenue	108	105	101	80	75	78	61	29	34	32	30	33	35
Other income	14	80	8	7	28	70	8	12	99	12	9	85	9
Operating expenses	81	81	72	68	65	69	52	24	30	25	28	28	32
Operating profit	27	24	29	12	10	9	9	5	4	7	2	5	3
Operating profit margin	25.0%	22.9%	28.7%	15.0%	13.3%	11.5%	14.8%	17.2%	11.8%	21.9%	6.7%	15.2%	8.6%
Depreciation	10	9	10	3	3	2	2	2	1	1	1	2	1
Interest	6	11	5	1	1	2	1	1	1	1	1	1	1
Exceptional items, gain / (loss)	—	-2	-2	—	—	—	—	—	—	—	—	—	—
Profit before tax	25	82	20	15	34	75	14	14	101	17	9	87	10
Tax	2	9	—	1	1	-2	7	4	5	6	—	4	1
Net profit	23	73	20	14	33	—	7	10	96	11	9	83	9
EPS	1.23	1.16	1.07	0.75	1.76	4.12	0.38	0.51	5.13	0.59	0.50	4.39	0.50
Net profit (TTM)	130	140	—	—	—	—	124	126	199	112	190	192	194
EPS (TTM)	4.21	4.74	7.70	7.01	6.77	10.14	6.61	6.73	10.61	5.98	10.17	10.28	10.45

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	361	152	141
March 31, 2025	202	205	190
March 31, 2024	130	123	112
March 31, 2023	132	205	195

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Total income (before exceptional items)	13.4%	20.7%	484^†	391^†	245^†	332^†	349^†	189^†	317^†
Operating revenue	39.8%	19.5%	361	202	130	132	135^†	148^†	151^†
Other income	—	—	123^†	189^†	115^†	200^†	214^†	41^†	166^†
Operating expenses	—	—	286^†	175^†	113^†	—	—	133^†	151^†
Operating profit	—	38.0%	75^†	27^†	17^†	—	—	15^†	0^†
Operating profit margin	—	—	20.8%^†	13.4%^†	13.1%^†	—	—	10.1%^†	0.0%^†
Depreciation	—	—	25^†	7^†	5^†	6^†	6^†	11^†	9^†
Interest	—	—	18^†	5^†	4^†	—	—	11^†	4^†
Exceptional items, gain / (loss)	—	—	-4^†	0^†	0^†	0^†	-30^†	0^†	0^†
Profit before tax	-9.5%	34.9%	152	205	123	205	195^†	34^†	153^†
Tax	—	—	—	14^†	—	—	—	—	18^†
Net profit	-10.2%	41.3%	141	190	112	195	183^†	25^†	135^†
EPS	-23.1%	29.1%	4.74^†	10.14^†	5.98^†	10.41^†	9.75^†	1.32^†	7.00^†

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Operating margin	20.8%^†	13.4%^†	13.1%^†	—	—	10.1%^†	0.0%^†
EBIT margin	47.1%^†	104.0%^†	97.7%^†	—	—	30.4%^†	104.0%^†
PBT margin	42.1%	101.5%	94.6%	155.3%	144.4%^†	23.0%^†	101.3%^†
Net margin	39.1%	94.1%	86.2%	147.7%	135.6%^†	16.9%^†	89.4%^†
Interest coverage	9.44x^†	42.00x^†	31.75x^†	—	—	4.09x^†	39.25x^†
Dividend payout	189.9%^†	88.7%^†	150.5%^†	86.5%^†	54.7%^†	0.0%^†	57.1%^†
Earnings retention	-89.9%^†	11.3%^†	-50.5%^†	13.5%^†	45.3%^†	100.0%^†	42.9%^†
Current ratio	5.60x	6.14x	—	—	—	—	—
Quick ratio	5.60x	6.14x	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—
Return on equity	1.8%	2.4%	—	—	—	—	—
Return on assets	1.7%	2.4%	—	—	—	—	—
Return on capital employed	2.1%^†	2.6%^†	—	—	—	—	—
Asset turnover	0.04x	0.03x	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	46	138	-184	45	1
March 31, 2025	39	131	-172	5	34
March 31, 2024	30	68	-175	0	30
March 31, 2023	11	242	-174	2	9
March 31, 2022	-11	305	-299	3	-14

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	8,241	7,875	7,837	0	0	538	96	1	272	0
March 31, 2025	8,013	7,838	7,800	0	0	405	66	1	71	0
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.