DALBHARAT
OVERVALUEDDalmia Bharat
Cement · NSE
↓ 67.6% vs fair value
52W Low
₹1,717
+3.9% from low
52W High
₹2,496
-28.5% from high
Valuation Gauge
Current Price
₹1,785
Fair Value
₹1,065
Fair Value Analysis
₹1,065
Based on balance sheet strength analysis and earnings growth potential for Cement sector companies | CAUTION: ROCE declining (latest 10.4%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 7.8% (ROE 6.8%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable.
Balance Sheet Value
55% weight
Growth Valuation
46% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Solid Fundamentals
Profitability
ROE of 6.5% is below the Cement sector benchmark of 15%
Debt & Leverage
D/E ratio of 0.4x is well within the Cement sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 28.4x trades at a 48% discount to Cement sector median (54x) — attractively valued
Cash Flow
FCF margin of 1.5% — very thin despite positive FCF (₹222 Cr)
Earnings Growth
5yr EPS CAGR of 3.2% is well below Cement sector average of 11.5%
Dividend
Dividend yield of 0.5% provides moderate shareholder returns
Company Health Timeline
10-year financial health at a glance
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
-2.3%
Free cash flow / market cap
Revenue Growth (YoY)
+3.8%
Year-on-year revenue change
Profit Growth (YoY)
-10.3%
Year-on-year PAT change
Operating Cash Flow
₹2.3K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹60.7
P/E Ratio
28.4x
P/B Ratio
1.8x
ROE
6.5%
ROCE
7%
Debt / Equity
0.41x
Beta
0.2
Div Yield
0.5%
FCF (Cr)
₹222 Cr
Revenue (Cr)
₹14,804 Cr
EPS Growth 5Y
3.2%
Mkt Cap (Cr)
₹32,430 Cr
52W High
₹2,496.3
52W Low
₹1,717.3
Book Value/Share
₹941.4
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| 2026-03-31 | ₹14.8K Cr | ₹3.1K Cr | 21.0% | ₹1.2K Cr | ₹60.73 |
| 2025-03-31 | ₹14.0K Cr | ₹2.4K Cr | 17.0% | ₹699 Cr | ₹36.41 |
| 2024-03-31 | ₹14.7K Cr | ₹2.6K Cr | 18.0% | ₹853 Cr | ₹44.04 |
| 2023-03-31 | ₹13.6K Cr | ₹2.3K Cr | 17.0% | ₹1.1K Cr | ₹55.21 |
| 2022-03-31 | ₹11.3K Cr | ₹2.4K Cr | 22.0% | ₹845 Cr | ₹43.55 |
| 2021-03-31 | ₹10.1K Cr | ₹2.8K Cr | 27.0% | ₹1.2K Cr | ₹62.58 |
| 2020-03-31 | ₹9.7K Cr | ₹2.1K Cr | 22.0% | ₹238 Cr | ₹11.61 |
| 2019-03-31 | ₹9.5K Cr | ₹1.9K Cr | 20.0% | ₹349 Cr | ₹15.96 |
| 2018-03-31 | ₹8.6K Cr | ₹2.0K Cr | 24.0% | ₹291 Cr | ₹58400.00 |
| 2017-03-31 | ₹7.4K Cr | ₹1.9K Cr | 25.0% | ₹44 Cr | ₹8800.00 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Cement| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
The India Cements Limited | ₹398.4 | ₹1,778.9 | +77.6% | 23.8 | -0.7% | FAIRLY_VALUED |
Niraj Cement Structurals Limited | ₹28.9 | ₹54.3 | +46.8% | 6.6 | 5.8% | FAIRLY_VALUED |
ACC | ₹1,359 | ₹1,952 | +30.4% | 12 | 10.9% | FAIRLY_VALUED |
Birla Corporation | ₹1,002 | ₹1,159.1 | +13.6% | 14.1 | 7.3% | FAIRLY_VALUED |
Barak Valley Cements Limited | ₹42.1 | ₹45.7 | +7.9% | 4,218 | 4.4% | FAIRLY_VALUED |
JK Lakshmi Cement | ₹610 | ₹522 | -16.9% | 17.5 | 9.0% | FAIRLY_VALUED |
Star Cement Limited | ₹224.1 | ₹154.7 | -44.9% | 23.6 | 12.2% | OVERVALUED |
Orient Cement | ₹136.5 | ₹91.8 | -48.8% | 8.3 | 17.1% | OVERVALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
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