DALMIA BHARAT LIMITED

BSE: DALBHARAT542216ISIN INE00R701025

Commodities
Cement & Cement Products
BSE 500

BSE listing

Share price

₹1,765.70+75.70 (+4.48%)

as of 18 Sep 2026

52W high: ₹2,484.40
52W low: ₹1,605.00
Off 52W high: -28.93%
1M return: -5.83%
3M return: +2.65%
6M return: -4.03%
1Y return: -27.84%
20D avg volume: 4,837
50 DMA: ₹1,807.69
200 DMA: ₹1,901.32

Key ratios Consolidated

Market cap: ₹33,119 Cr
Current price: ₹1,765.70
52W high / low: ₹2,484.40 / ₹1,605.00
Face value: ₹2.00
P/E: 34.75
P/B: —
EPS (TTM): ₹50.81
Book value / share: —
ROE: —
ROCE: 7.00%
Operating margin: —
Net margin: —
Debt / equity: 0.37
Net debt: ₹6,540 Cr
Interest cover: 4.02
Dividend yield: 0.51%
Dividend / share (TTM): ₹9.00
Payout: 17.71%
Cash conversion cycle: 18.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	3,890	4,245	3,506	3,417	3,636	4,091	3,181	3,087	3,621	4,307	3,600	3,149
	139.00	45.00	62.00	66.00	49.00	93.00	37.00	73.00	50.00	120.00	64.00	85.00
	3,593	3,840	3,362	3,165	3,183	3,717	3,135	3,087	3,364	4,075	3,303	3,062
	644.00	635.00	574.00	547.00	568.00	624.00	510.00	528.00	579.00	627.00	500.00	455.00
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	106.00	214.00	140.00	117.00
	245.00	217.00	224.00	226.00	227.00	215.00	223.00	219.00	228.00	202.00	221.00	226.00
	147.00	132.00	118.00	122.00	108.00	105.00	101.00	98.00	95.00	94.00	108.00	101.00
	361.00	365.00	340.00	322.00	322.00	314.00	364.00	336.00	317.00	328.00	370.00	401.00
	2,344	2,344	2,096	1,990	2,059	2,317	521.00	546.00	532.00	663.00	509.00	472.00
	436.00	450.00	206.00	318.00	502.00	467.00	83.00	73.00	307.00	352.00	361.00	172.00
	-182.00	-10.00	-32.00	0.00	16.00	0.00	0.00	0.00	-113.00	0.00	0.00	0.00
	254.00	440.00	174.00	318.00	518.00	467.00	83.00	73.00	194.00	352.00	361.00	172.00
	62.00	45.00	46.00	79.00	123.00	28.00	17.00	24.00	49.00	32.00	95.00	48.00
	192.00	394.00	128.00	239.00	395.00	439.00	66.00	49.00	145.00	320.00	266.00	123.00
	10.02	20.77	6.50	12.59	20.95	23.20	3.25	2.46	7.50	16.80	14.03	6.33
Key metrics
	762.00	937.00	632.00	762.00	948.00	886.00	548.00	507.00	606.00	774.00	839.00	674.00
	19.60%	22.10%	18.00%	22.30%	26.10%	21.70%	17.20%	16.40%	16.70%	18.00%	23.30%	21.40%
	4.90%	9.30%	3.70%	7.00%	10.90%	10.70%	2.10%	1.60%	4.00%	7.40%	7.40%	3.90%
	—	2.10%	—	1.70%	—	2.30%	—	—	—	—	—	—
	7.00%	3.80%	10.20%	10.70%	0.40%	-5.00%	-11.60%	-2.00%	—	—	—	—
	-51.40%	-10.30%	93.90%	387.80%	172.40%	37.20%	-75.20%	-60.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Income statement
	15,058	14,804	13,980	14,691	13,540	11,286	10,522	9,674	9,484
	312.00	222.00	253.00	315.00	138.00	155.00	182.00	217.00	244.00
	13,960	13,550	13,303	13,936	12,763	10,293	9,296	9,534	9,389
	2,400	2,324	2,241	2,120	1,906	1,580	1,671	1,654	1,794
	0.00	0.00	106.00	567.00	52.00	14.00	41.00	67.00	138.00
	912.00	894.00	885.00	871.00	771.00	744.00	713.00	675.00	648.00
	519.00	480.00	399.00	386.00	234.00	202.00	303.00	415.00	504.00
	1,388	1,349	1,331	1,498	1,305	1,236	1,262	1,528	1,296
	8,774	8,489	8,360	2,159	1,991	1,719	1,487	1,514	1,524
	1,410	1,476	930.00	1,070	915.00	1,148	1,408	357.00	339.00
	-224.00	-26.00	-113.00	0.00	-144.00	-2.00	0.00	0.00	0.00
	1,186	1,450	817.00	1,070	771.00	1,146	1,408	357.00	339.00
	232.00	292.00	118.00	216.00	242.00	14.00	165.00	119.00	10.00
	953.00	1,157	699.00	853.00	1,079	1,173	1,243	238.00	349.00
	49.88	60.80	36.42	44.11	55.44	60.72	65.65	11.61	15.97
Key metrics
	3,093	3,279	2,547	2,954	2,310	2,584	2,973	2,300	2,139
	20.54%	22.10%	18.20%	20.10%	17.10%	22.90%	28.30%	23.80%	22.60%
	6.33%	7.80%	5.00%	5.80%	8.00%	10.40%	11.80%	2.50%	3.70%
	—	7.00%	4.90%	—	—	—	—	—	—
	—	5.90%	-4.80%	8.50%	20.00%	7.30%	8.80%	2.00%	—
	—	65.50%	-18.10%	-20.90%	-8.00%	-5.60%	422.30%	-31.80%	—
	—	222.00	-547.00	—	—	—	—	—	—
	—	1.97	3.03	—	—	—	—	—	—
	—	0.37	0.30	—	—	—	—	—	—
	—	6,540	5,109	—	—	—	—	—	—
	—	18.8	19.2	—	—	—	—	—	—
Balance sheet
	—	33,312	30,226	—	—	—	—	—	—
	—	8,763	8,314	—	—	—	—	—	—
	—	212.00	149.00	—	—	—	—	—	—
	—	864.00	889.00	—	—	—	—	—	—
	—	1,192	1,386	—	—	—	—	—	—
	—	892.00	766.00	—	—	—	—	—	—
	—	16,872	14,714	—	—	—	—	—	—
	—	1,294	1,539	—	—	—	—	—	—
	—	5,674	5,223	—	—	—	—	—	—
	—	6,752	5,258	—	—	—	—	—	—
	—	584.00	653.00	—	—	—	—	—	—
	—	6,168	4,605	—	—	—	—	—	—
	—	18,123	17,500	—	—	—	—	—	—
Cash flow
	—	2,278	2,117	—	—	—	—	—	—
	—	-3,023	-2,270	—	—	—	—	—	—
	—	808.00	-39.00	—	—	—	—	—	—
	—	2,056	2,664	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	108.00	105.00	101.00	80.00	75.00	78.00	61.00	29.00	34.00	32.00	30.00	33.00
	14.00	80.00	8.00	7.00	28.00	70.00	8.00	12.00	99.00	12.00	9.00	85.00
	97.00	101.00	87.00	72.00	69.00	73.00	55.00	27.00	32.00	27.00	30.00	31.00
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	55.00	53.00	49.00	48.00	48.00	51.00	38.00	18.00	23.00	18.00	21.00	21.00
	6.00	11.00	5.00	1.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00
	10.00	9.00	10.00	3.00	3.00	2.00	2.00	2.00	1.00	1.00	1.00	2.00
	26.00	28.00	23.00	20.00	17.00	22.00	14.00	6.00	7.00	7.00	7.00	7.00
	25.00	84.00	22.00	15.00	34.00	75.00	14.00	14.00	101.00	17.00	9.00	87.00
	0.00	-2.00	-2.00	0.00	0.00	0.00	—	—	—	—	—	—
	25.00	82.00	20.00	15.00	34.00	75.00	14.00	14.00	101.00	17.00	9.00	87.00
	2.00	9.00	0.00	1.00	1.00	2.00	7.00	4.00	5.00	6.00	—	4.00
	23.00	73.00	20.00	14.00	33.00	77.00	7.00	10.00	96.00	11.00	9.00	83.00
	1.23	1.16	1.07	0.75	1.76	4.12	0.38	0.51	5.13	0.59	0.50	4.39
Key metrics
	41.00	102.00	35.00	19.00	38.00	79.00	17.00	17.00	103.00	19.00	11.00	90.00
	38.00%	97.10%	34.70%	23.80%	50.70%	101.30%	27.90%	58.60%	302.90%	59.40%	36.70%	272.70%
	21.30%	69.50%	19.80%	17.50%	44.00%	98.70%	11.50%	34.50%	282.40%	34.40%	30.00%	251.50%
	—	1.10%	—	0.20%	—	1.00%	—	—	—	—	—	—
	44.00%	34.60%	65.60%	175.90%	120.60%	143.80%	103.30%	-12.10%	—	—	—	—
	-30.30%	-5.20%	185.70%	40.00%	-65.60%	600.00%	-22.20%	-88.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Income statement
	394.00	361.00	202.00	130.00	132.00	135.00	148.00	151.00	164.00
	109.00	123.00	189.00	115.00	200.00	214.00	41.00	143.00	87.00
	357.00	328.00	186.00	122.00	127.00	124.00	155.00	141.00	132.00
	0.00	0.00	0.00	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—
	205.00	198.00	130.00	83.00	84.00	90.00	86.00	86.00	82.00
	23.00	17.00	1.00	4.00	3.00	4.00	11.00	4.00	2.00
	32.00	25.00	6.00	5.00	6.00	6.00	11.00	9.00	4.00
	97.00	88.00	49.00	30.00	34.00	24.00	47.00	42.00	44.00
	146.00	156.00	205.00	123.00	205.00	225.00	34.00	153.00	119.00
	-4.00	-4.00	0.00	—	—	-30.00	—	—	—
	142.00	152.00	205.00	123.00	205.00	195.00	34.00	153.00	119.00
	12.00	11.00	15.00	11.00	10.00	12.00	9.00	18.00	18.00
	130.00	141.00	190.00	112.00	195.00	183.00	25.00	135.00	101.00
	4.21	7.54	10.14	5.99	10.41	9.75	1.33	7.00	5.25
Key metrics
	197.00	194.00	212.00	132.00	214.00	205.00	56.00	166.00	125.00
	50.00%	53.70%	105.00%	101.50%	162.10%	151.90%	37.80%	109.90%	76.20%
	32.99%	39.10%	94.10%	86.20%	147.70%	135.60%	16.90%	89.40%	61.60%
	—	2.10%	2.60%	—	—	—	—	—	—
	—	78.70%	55.40%	-1.50%	-2.20%	-8.80%	-2.00%	-7.90%	—
	—	-25.80%	69.60%	-42.60%	6.60%	632.00%	-81.50%	33.70%	—
	—	1.00	34.00	—	—	—	—	—	—
	—	0.33	0.21	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	-1.00	-1.00	—	—	—	—	—	—
	—	38.4	19.8	—	—	—	—	—	—
Balance sheet
	—	8,241	8,013	—	—	—	—	—	—
	—	538.00	405.00	—	—	—	—	—	—
	—	1.00	1.00	—	—	—	—	—	—
	—	58.00	21.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	7.00	3.00	—	—	—	—	—	—
	—	272.00	71.00	—	—	—	—	—	—
	—	20.00	10.00	—	—	—	—	—	—
	—	96.00	66.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—
	—	7,875	7,838	—	—	—	—	—	—
Cash flow
	—	46.00	39.00	—	—	—	—	—	—
	—	138.00	131.00	—	—	—	—	—	—
	—	-184.00	-172.00	—	—	—	—	—	—
	—	45.00	5.00	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +39.84%
Sales CAGR 5Y: +19.52%
Sales CAGR 10Y: —
Profit CAGR 3Y: -10.24%
Profit CAGR 5Y: +41.34%
Profit CAGR 10Y: —
Sales YoY (TTM): +62.14%
Profit YoY (TTM): +2.36%

Consolidated

Sales CAGR 3Y: +3.02%
Sales CAGR 5Y: +7.07%
Sales CAGR 10Y: —
Profit CAGR 3Y: +2.35%
Profit CAGR 5Y: -1.42%
Profit CAGR 10Y: —
Sales YoY (TTM): +7.60%
Profit YoY (TTM): +0.42%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 55.83%

Holder	Type	Holding	Previous	Change
Keshav Power Limited	Promoter Group	36.04%	—	—
Sita Investment Company Limited	Promoter Group	7.40%	—	—
KOTAK MIDCAP FUND	Public	6.69%	—	—
Rama Investment Company Private Limited	Promoter Group	5.73%	—	—
MIRAE ASSET LARGE & MIDCAP FUND	Public	4.17%	—	—
LIFE INSURANCE CORPORATION OF INDIA - P & GS FUND	Public	2.63%	—	—
SBI MULTICAP FUND	Public	2.10%	—	—
Dalmia Bharat Refractories Limited	Promoter Group	1.88%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY	Public	1.71%	—	—
Dalmia Bharat Sugar and Industries Limited	Promoter Group	1.70%	—	—
DHARTI COMMERCIAL TRADING PRIVATE LIMITED	Public	1.68%	—	—
Kavita Dalmia Parivar Trust	Promoter Group	1.38%	—	—
J.H. Dalmia Trust	Promoter Group	1.38%	—	—
KOTAK FUNDS - INDIA MIDCAP FUND	Public	1.25%	—	—
BLUE DAIMOND PROPERTIES PVT LTD	Public	1.22%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Newspaper Notice regarding Postal Ballot Notice and remote e-voting20 Sep 2026 · Company Update / Newspaper Publication
Intimation of Postal Ballot Notice and remote e-voting period.18 Sep 2026 · AGM/EGM / Postal Ballot
Acquisition (AMPL Green City Solutions Pvt Ltd)17 Sep 2026 · Company Update / Acquisition
Amendment to the MMDR Act, 195724 Aug 2026 · Company Update / General
PFA20 Aug 2026 · Company Update / General
PFA5 Aug 2026 · Company Update / General
PFA28 Jul 2026 · Company Update / Earnings Call Transcript
PFA28 Jul 2026 · Company Update / General
Earning Release Q1 FY2724 Jul 2026 · Company Update / Investor Presentation
Press Release on Unaudited Financial Results for the quarter ended June 30, 202624 Jul 2026 · Company Update / Press Release / Media Release
PFA the announcement24 Jul 2026 · Company Update / Change in Management
Outcome of Board Meeting held on July 24, 202624 Jul 2026 · Board Meeting / Outcome of Board Meeting
Outcome of Board Meeting held on July 24, 202624 Jul 2026 · Result / Financial Results
Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that an investors/analysts ....18 Jul 2026 · Company Update / Analyst / Investor Meet
Intimation of reaffirmation of ESG Rating by ICRA17 Jul 2026 · Company Update / Credit Rating
Dalmia Bharat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 of ....17 Jul 2026 · Board Meeting / Board Meeting
PFA10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached voting results (along with scrutnizer report) of 13th AGM of the Company held today30 Jun 2026 · AGM/EGM / AGM
Please find the attached Outcome of 13th AGM of the Company held today.30 Jun 2026 · AGM/EGM / AGM
Please find attached intimation for Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rama Investment Company Pvt Ltd24 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Please find attached file22 Jun 2026 · Company Update / General
Please find attached an intimation on commencement of commercial production21 Jun 2026 · Company Update / General
Advertisement Published in Newspaper(s) for transfer of shares to IEPF in compliance with the IEPF Rules.18 Jun 2026 · Company Update / Newspaper Publication
Submission of Newspaper Advertisement relating to 13th AGM, Record Date, e-voting & other related information.6 Jun 2026 · Company Update / Newspaper Publication
Communication to shareholders relating to TDS on Dividend as per Income Tax Act, 20255 Jun 2026 · Company Update / General
Please find attached5 Jun 2026 · Company Update / General
Please find attached4 Jun 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached4 Jun 2026 · AGM/EGM / AGM
Integrated Annual Report for the FY 2025-26 including Notice of 13th Annual General Meeting of the Company4 Jun 2026 · Others / Reg. 34 (1) Annual Report
Update on Capacity Addition29 May 2026 · Company Update / General
Submission of Newspaper Advertisement related to Annual General Meeting, Record Date and other related information.29 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report of Dalmia Bharat Limited for the financial year ended March 31, 202627 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
PFA23 May 2026 · AGM/EGM / AGM
Re-appointment of M/s. Walker Chandiok & Co. LLP, Chartered Accountants as Statutory Auditors of the Company23 May 2026 · Company Update / Change in Management
PFA23 May 2026 · Corp. Action / Record Date
Please find attached the Outcome of Board Meeting held on May 23, 202623 May 2026 · Board Meeting / Outcome of Board Meeting
Execution of Business Transfer Agreement to acquire 5.2 MnTPA Cement Capacity in Central Region from Jaiprakash Associates Ltd (acquired by Adani Group)22 May 2026 · Company Update / Press Release / Media Release
Capacity Addition22 May 2026 · Company Update / General
Dalmia Bharat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2026 ,inter alia, to consider and approve Pursuant to Regulation 29 of ....20 May 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 5.0000	23 Jun 2026	23 Jun 2026	—
Interim Dividend - Rs. - 4.0000	24 Oct 2025	25 Oct 2025	—
Final Dividend - Rs. - 5.0000	23 Jun 2025	23 Jun 2025	—
Interim Dividend - Rs. - 4.0000	25 Oct 2024	26 Oct 2024	—

Board meetings

24 Jul 2026 Board Meeting - Financial Results