Dalmia Bharat share price, P/E, ROE & financials

On 6 Nov 2026, Dalmia Bharat was priced at ₹1,470.30, or 56.3× trailing earnings, against an industry P/E of 27.3×, and the shares are 35% below their 52-week high. Sales and net profit grew 3.0% and 3.2% a year over 3 years, with ROCE of 7.0% and ROE of 2.8%. Debt is 0.57× equity, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹27,602 Cr, ranked 6th of 58 Building Materials companies by market cap; the shares fell 28% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,466.00
Day high: ₹1,475.00
Day low: ₹1,443.30
Prev. close: ₹1,466.30
Volume: 95.8K

Health check

1 fair · 5 to check

ReturnsBehind
−28.5% over a year, better than 2 of 7 peers.
Price tagPricier
P/E 56.3 vs industry 27.3.
GrowthSlow
Sales +3.0%, profit +3.2% a year over 3 years.
ProfitabilityWeak
ROCE 7.0% vs peer median 10.2%.
Balance sheetFair
Debt 0.57× equity, interest covered 4.0×, Piotroski 6 of 9.
Red flags3 to check
Return on equity is low at 2.8%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Building Materials

57 listed peers. Screen the industry

Small cap

₹27,602 Cr, #6 of 58 in its industry by size.

Defensive

Beta 0.27 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹15,204 Cr · profit ₹489 Cr

Market cap: ₹27,602 Cr; Small cap
P/E: 56.3; Industry 27.3
Price to book: 1.54; Peers 2.39
Dividend yield: 0.61%
ROE: 2.8%; Peers 6.9%
ROCE: 7.0%; Peers 10.2%
Debt to equity: 0.57; Debt ₹10,284 Cr
EPS (TTM): ₹26.11; Face value ₹2
OPM (TTM): 16.5%; Net margin 3.2%
Sales growth: +4.3%; Latest quarter vs a year ago
Profit growth: n/a; Year-ago quarter not reported
Price to sales: 1.82; EV/EBITDA 12.7

Strengths

Positive operating cash flow in each of the last 4 years.

Risks to check

Return on equity is low at 2.8%.
P/E of 56.3 against an industry P/E of 27.3.
35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Dalmia Bharat

Dalmia Bharat Limited, together with its subsidiaries, manufactures and sells cement and its related products primarily in India. It offers ordinary Portland cement (OPC), Portland pozzolana cement (PPC), Portland composite cement (PCC), and Portland slag cement (PSC) under the Dalmia DSP Cement, Dalmia Cement, Konark Cement, Dalmia Bharat Weather365, InfraPro Cement, and InstaPro Cement brand names. The company also provides Dalmia Magic Premium Skim…

Headquarters: New Delhi
Employees: 5,841
Sector: Basic Materials
ISIN: INE00R701025
Website: dalmiabharat.com

Price range

52 weeks

₹1,319.00₹2,260.00

Today

₹1,443.30₹1,475.00

Avg volume (3M): 2.1 L
1-year return: minus 28.5%
From 52-week high: minus 34.9%

Analyst consensus

34 analysts

BuyMean target ₹1,930.88 31.3%

Target range, with today’s price

Low ₹1,620.00High ₹2,300.00

Today’s price ₹1,470.30 is below the lowest analyst target.

Next results expected around 21 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Building Materials

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
ULTRACEMCOUltraTech Cement	12,450.00	plus 1.63%	3,66,110	41.6	22.8	11.8%	19.1%	0.38	11.9%	plus 3.6%
GRASIMGrasim Industries	3,227.00	minus 0.02%	2,18,884	38.5	16.8	4.0%	15.0%	1.35	14.3%	plus 12.0%
AMBUJACEMAmbuja Cements	390.60	plus 0.67%	97,057	34.7	14.6	4.6%	14.3%	0.01	–	minus 31.6%
SHREECEMShree Cement	25,100.00	plus 0.82%	90,563	57.2	18.0	10.2%	20.1%	0.09	5.7%	minus 9.8%
JKCEMENTJ.K. Cement	5,239.80	minus 0.20%	40,487	42.3	19.2	13.3%	15.8%	1.01	12.1%	minus 9.1%
DALBHARATDalmia Bharat	1,470.30	plus 0.27%	27,602	56.3	9.6	7.0%	16.5%	0.57	3.0%	minus 28.5%
ACCACC	1,236.20	plus 0.77%	23,214	26.4	7.9	10.4%	8.7%	0.02	–	minus 33.1%
RAMCOCEMThe Ramco Cements	817.35	plus 0.70%	19,313	31.8	15.9	9.6%	14.9%	0.48	3.3%	minus 21.0%
Median of 7 peers	–	0.70%	90,563	38.5	16.8	10.2%	15.0%	0.38	11.9%	−9.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
3,636	3,506	4,245	3,890	3,563
2,753	2,904	3,343	3,085	3,363
883	602	902	805	200
24.3%	17.2%	21.2%	20.7%	5.6%
49	62	45	139	339
108	118	132	147	130
322	340	365	361	363
16	−32	−10	−182	−339
518	174	440	254	−293
23.7%	26.4%	10.2%	24.4%	29.0%
393	122	387	188	−207
20.95	6.50	20.69	10.02	-11.03

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +3.0%
Profit CAGR 3Y: +3.2%
EPS CAGR 3Y: +3.2%
ROE: 2.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
13,237	14,334	13,568	14,467
–	+8.3%	minus 5.3%	+6.6%
10,897	11,686	11,154	11,374
2,340	2,648	2,414	3,093
17.7%	18.5%	17.8%	21.4%
639	217	147	101
228	385	396	477
1,315	1,504	1,336	1,358
−111	94	−12	91
1,325	1,070	817	1,450
18.3%	20.2%	14.4%	20.1%
1,035	826	683	1,139
–	minus 20.2%	minus 17.3%	+66.8%
55.19	44.03	36.42	60.73

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
37	38	38	38
15,591	16,359	17,336	17,941
3,855	4,805	5,702	7,406
6,060	6,547	7,150	7,927
25,543	27,749	30,226	33,312
13,930	15,718	17,685	19,833
2,320	2,825	2,971	2,961
586	588	675	771
3,249	4,472	4,690	5,422
5,458	4,146	4,205	4,325
25,543	27,749	30,226	33,312

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,252	2,635	2,117	2,278
−2,326	−2,750	−2,270	−3,023
168	222	−39	808
94	107	−192	63
−2,709	−2,827	−2,664	−2,056
−457	−192	−547	222
−169	−169	−169	−169

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 29.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you