This is a numbers-first look at DALBHARAT (DALBHARAT), covering income trends, margins, valuation, and shareholding.
Dalmia Bharat Revenue Trend
Top-line growth continued for DALBHARAT, with FY2026 revenue reaching ₹14,804 Cr — a 5.9% increase over FY2025.
Looking at the longer trend, DALBHARAT's revenue grew from ₹8,827 Cr to ₹14,804 Cr at a 6.7% CAGR — moderate, consistent growth.
At ₹14,804 Cr in annual revenue, DALBHARAT is one of the major players in the cement and cement products space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹14,804 Cr | +5.9% |
| FY2025 | ₹13,980 Cr | -4.8% |
| FY2024 | ₹14,691 Cr | +8.5% |
| FY2023 | ₹13,540 Cr | +20.0% |
| FY2022 | ₹11,286 Cr | — |
View DALBHARAT's full 10-year revenue trend with CAGR analysis →
Dalmia Bharat Profitability
On the profitability front, DALBHARAT did well — net income rose 65.5% to ₹1,157 Cr from ₹699 Cr a year earlier.
Margins moved in the right direction, with net margin rising to 7.8% from 5.0%.
FY2026 diluted EPS of ₹60.73 was up from the ₹36.42 reported in FY2025.
Is Dalmia Bharat Undervalued
DALBHARAT shares are currently trading at ₹1,844.60.
Craytheon calculates intrinsic value using the P/E Ratio and EPS Growth models. Both appear in the Valuation Models cards below.
Valuation Models
Dalmia Bharat Shareholding Pattern
The promoter group has maintained its 55.8% holding through the last 4 quarters.
Foreign institutional investors (FIIs) held 6.8% as of June 2026, down from 8.8% a year ago.
The DII stake stands at 19.9% as of June 2026, versus 17.8% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 55.8% | 6.8% | 19.9% | 17.3% |
| Mar 2026 | 55.8% | 7.2% | 20.2% | 16.6% |
| Dec 2025 | 55.8% | 7.9% | 19.0% | 17.1% |
| Sep 2025 | 55.8% | 8.8% | 17.8% | 17.5% |
Track quarterly shareholding changes for DALBHARAT →
Dalmia Bharat Balance Sheet
Proportional view as of 3 Aug 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹333.12B at the end of FY2026, up 9.7% from ₹303.67B a year earlier.
Property, Plant & Equipment is the largest block at 56.2%, followed by Cash & ST Investments at 16.0% and Other Assets at 12.0%.
Equity makes up 54.4% of liabilities and equity, with debt at 22.2% and operating liabilities at 23.4%. Over the year, debt is up 29.9% and equity is up 3.6%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 53.17B |
| Receivables | 8.64B |
| Inventories | 11.92B |
| Property, Plant & Equipment | 187.11B |
| Investments | 7.73B |
| Intangibles & Goodwill | 24.58B |
| Other Assets | 39.97B |
| Category | Value |
|---|---|
| Equity | 181.23B |
| Short-term Debt | 6.47B |
| Long-term Debt | 67.59B |
| Trade Payables | 12.94B |
| Other Liabilities | 64.89B |
Dalmia Bharat Investment Snapshot
Here's the bottom line on DALBHARAT (DALBHARAT) based on the latest available financials.
Revenue of ₹14,804 Cr in FY2026, up 5.9% year-over-year.
Long-term revenue has been compounding at 6.7% annually over 8 years.
The company is profitable, with a net margin of 7.8% and net income of ₹1,157 Cr.
Unlock Full Analysis
Craytheon's full analysis of DALBHARAT goes deeper: three valuation models, growth metrics, and 10 years of financial data.