Ambuja Cements vs Dalmia Bharat: share price, P/E, ROE and financials compared
Ambuja Cements
Dalmia Bharat
Ambuja Cements and Dalmia Bharat at a glance
Ambuja Cements and Dalmia Bharat are both listed in Construction Materials. Ambuja Cements is the larger by market cap, at ₹97,057 Cr against ₹27,602 Cr for Dalmia Bharat (3.5 times as large). On valuation, Ambuja Cements has the lower P/E (34.7× against 56.3×), while Dalmia Bharat has the lower price-to-book (1.54× against 1.62×). On returns and margins, Ambuja Cements has the higher ROE (4.5% against 2.8%), while Dalmia Bharat has the higher ROCE (7.0% against 4.6%) and the higher operating margin (18.4% against 14.3%). Ambuja Cements carries less debt for its equity, with a debt-to-equity of 0.01× against 0.57×.
Key metrics, side by side
| Metric | Ambuja CementsAMBUJACEM | Dalmia BharatDALBHARAT |
|---|---|---|
| Price (₹) | 390.60 | 1,470.30 |
| Market cap (₹ Cr) | 97,057 | 27,602 |
| P/E | 34.7× (the lower figure, shaded) | 56.3× |
| P/B | 1.62× | 1.54× (the lower figure, shaded) |
| Dividend yield, trailing | 0.51% | 0.61% (the higher figure, shaded) |
| ROE | 4.5% (the higher figure, shaded) | 2.8% |
| ROCE | 4.6% | 7.0% (the higher figure, shaded) |
| Operating margin (OPM) | 14.3% | 18.4% (the higher figure, shaded) |
| Net margin (NPM) | 7.2% (the higher figure, shaded) | 3.2% |
| Sales CAGR 3Y | – | +3.0% |
| Profit CAGR 3Y | – | +3.2% |
| Debt to equity | 0.01× (the lower figure, shaded) | 0.57× |
| Interest cover | 15.8× (the higher figure, shaded) | 4.0× |
| Net profit TTM (₹ Cr) | 2,804 | 490 |
| 1Y return | −31.6% | −28.5% (the higher figure, shaded) |
| Promoter holding | – | – |
Ambuja Cements vs Dalmia Bharat: common questions
Which is bigger, Ambuja Cements or Dalmia Bharat?
By market cap, Ambuja Cements is bigger at ₹97,057 Cr, against ₹27,602 Cr for Dalmia Bharat (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,804 Cr for Ambuja Cements and ₹490 Cr for Dalmia Bharat.
Which has a lower P/E ratio, Ambuja Cements or Dalmia Bharat?
Ambuja Cements trades at a P/E of 34.7× and Dalmia Bharat at 56.3×. Ambuja Cements has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Ambuja Cements or Dalmia Bharat?
Ambuja Cements reports a return on equity of 4.5% and Dalmia Bharat 2.8%. Ambuja Cements has the higher ROE. ROE is net profit as a share of shareholders’ equity.