Dalmia Bharat Ltd. (DALBHARAT) AI Stock Analysis

• Market Cap: ₹439.88B
• Dividend Yield: 0.38%
• Average Volume (3M): 21.24K
• Price to Earnings (P/E): 47.0
• Beta (1Y): 1.18
• Revenue Growth: -4.65%
• EPS Growth: 11.70%
• Country: IN
• Employees: 5,945
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Construction Materials
• EPS (TTM): 20.94
• Shares Outstanding: 187,565,160
• 10 Day Avg. Volume: 9,219
• 30 Day Avg. Volume: 21,236
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,211.33
• Price Target Upside: -5.02% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 64 Neutral
• Price Target: ₹2,306.00 ▼(-0.96% Downside)

Dalmia Bharat Ltd. shows strong technical momentum with favorable moving averages and indicators suggesting a bullish trend. However, financial performance is hindered by declining profitability and cash flow issues. The high P/E ratio indicates overvaluation, which weighs down the overall score.

Dalmia Bharat Ltd. Business Overview & Revenue Model

Company Description

Dalmia Bharat Ltd. (DALBHARAT) is a prominent Indian conglomerate primarily engaged in the cement industry. It is one of the leading cement manufacturers in India, offering a wide range of products including Portland cement, Portland Pozzolana cement, and Portland slag cement. The company operates across various regions in India, serving the infrastructure, residential, and commercial sectors. Dalmia Bharat Ltd. is known for its commitment to sustainable practices, innovation, and quality, positioning itself as a key player in the Indian cement market.

How the Company Makes Money

Dalmia Bharat Ltd. generates its revenue primarily through the production and sale of cement. The company's revenue model is based on the sale of various types of cement products to a diverse customer base that includes infrastructure developers, construction companies, and retail consumers. The company operates several cement manufacturing plants across India, which ensures a robust production capacity to meet market demand. Additionally, Dalmia Bharat Ltd. has strategic partnerships and long-term contracts with distributors and dealers, which facilitate widespread distribution and sales of its cement products. The company also focuses on cost efficiency and operational excellence to enhance profitability, leveraging economies of scale and investing in sustainable technologies to reduce production costs. These factors, combined with a strong brand presence and customer loyalty, significantly contribute to the company's earnings.

Dalmia Bharat Ltd. Financial Statement Overview

Summary

Dalmia Bharat Ltd. has robust revenue growth and effective cost management, yet faces challenges with declining net profit margin and profitability. The balance sheet is stable with moderate leverage, but cash flow issues due to high capital expenditures impact free cash flow.

Income Statement

Dalmia Bharat Ltd. has experienced consistent revenue growth over the years, with a slight dip in the most recent year. The gross profit margin remains strong, indicating effective cost management. However, net profit margin and EBIT margin have shown a declining trend, suggesting rising operational costs or other expenses impacting profitability.

Balance Sheet

The company's balance sheet reflects a stable equity position with an increasing trend in stockholders' equity over the years. The debt-to-equity ratio remains moderate, indicating a balanced approach to leveraging. However, the equity ratio has slightly decreased, suggesting a higher proportion of liabilities in recent years.

Cash Flow

Cash flow analysis shows fluctuating free cash flow figures, with negative free cash flow in recent years due to high capital expenditures. The operating cash flow remains robust, but the free cash flow to net income ratio indicates potential challenges in converting earnings into available cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	140.73B	139.80B	144.18B	133.19B	112.86B	99.88B
Gross Profit	54.45B	116.52B	119.88B	44.13B	69.75B	67.52B
EBITDA	26.10B	25.47B	29.54B	28.68B	25.68B	29.18B
Net Income	6.83B	6.83B	8.26B	10.35B	8.16B	11.71B
Balance Sheet
Total Assets	302.26B	302.26B	277.49B	255.43B	248.71B	218.10B
Cash, Cash Equivalents and Short-Term Investments	46.02B	46.02B	44.72B	38.79B	45.75B	35.38B
Total Debt	57.02B	57.02B	48.05B	38.55B	31.76B	38.39B
Total Liabilities	127.26B	127.26B	112.42B	97.99B	91.12B	91.47B
Stockholders Equity	173.74B	173.74B	163.97B	156.28B	160.61B	128.10B
Cash Flow
Free Cash Flow	0.00	-5.47B	-1.92B	-4.57B	1.68B	25.50B
Operating Cash Flow	0.00	21.17B	26.35B	22.52B	19.37B	35.96B
Investing Cash Flow	0.00	-22.70B	-27.50B	-23.26B	-10.48B	-2.76B
Financing Cash Flow	0.00	-390.00M	2.22B	1.68B	-9.42B	-33.66B

Dalmia Bharat Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2328.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DALBHARAT, the sentiment is Positive. The current price of 2328.3 is above the 20-day moving average (MA) of 2256.55, above the 50-day MA of 2194.45, and above the 200-day MA of 1931.33, indicating a bullish trend. The MACD of 35.16 indicates Negative momentum. The RSI at 68.35 is Neutral, neither overbought nor oversold. The STOCH value of 70.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DALBHARAT.

Dalmia Bharat Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ULTRACEMCO	74 Outperform	₹3.78T	53.68		0.60%	8.32%	-1.57%
ACC	73 Outperform	₹347.35B	14.37		0.40%	9.72%	8.34%
JKCEMENT	72 Outperform	₹571.11B	57.11		0.22%	7.10%	15.37%
AMBUJACEM	67 Neutral	₹1.45T	33.53		0.35%	9.41%	8.70%
DALBHARAT	64 Neutral	₹439.88B	47.05		0.38%	-4.65%	11.70%
SHREECEM	59 Neutral	₹1.12T	75.03		0.37%	-5.54%	-29.27%
Sector *	43 Neutral	C$945.77M	-8.95	0.05%	2.62%	22.54%	-44.12%

Dalmia Bharat Ltd. Corporate Events

Dalmia Bharat Limited Updates on Favorable Court Ruling

Dalmia Bharat Limited has announced an update regarding ongoing litigation involving its subsidiary, Dalmia Cement (Bharat) Limited (DCBL). The Madras High Court has remanded a batch of petitions, including DCBL’s, back to the assessing authorities for fresh orders after considering the petitioners’ submissions. This development is seen as beneficial for DCBL, as it does not have any adverse financial impact on the company. DCBL plans to take all necessary steps to defend its position and pursue available remedies, indicating a positive outlook for the company’s legal standing.