DALBHARAT (DALBHARAT) gets the numbers-first treatment here, tracking income trends, margins, valuation, and shareholding patterns.
Dalmia Bharat Revenue Trend
Top-line momentum held up for DALBHARAT, with FY2026 revenue reaching ₹15,026 Cr, a 5.6% increase over FY2025.
Over the longer stretch, revenue climbed from ₹8,827 Cr to ₹15,026 Cr at a 6.9% CAGR, a pace that's moderate but consistent.
With ₹15,026 Cr in annual revenue, DALBHARAT ranks among the major players in the cement and cement products space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹15,026 Cr | +5.6% |
| FY2025 | ₹14,233 Cr | -5.2% |
| FY2024 | ₹15,006 Cr | +9.7% |
| FY2023 | ₹13,678 Cr | +19.6% |
| FY2022 | ₹11,441 Cr | — |
View DALBHARAT's full 10-year revenue trend with CAGR analysis →
Dalmia Bharat Profitability
Profitability was a clear highlight: net income rose 65.5% to ₹1,157 Cr from ₹699 Cr a year earlier.
Net margin also moved in the right direction, climbing to 7.7% from 4.9%.
Diluted EPS for FY2026 came in at ₹60.73, up from ₹36.42 in FY2025.
Is Dalmia Bharat Undervalued
Based on the P/E Ratio model, intrinsic value is estimated at ₹2,326, implying a 32.4% upside from the current price.
Shares of DALBHARAT currently trade at ₹1,757.10.
Craytheon also runs an EPS Growth model to estimate intrinsic value. The full breakdown, including assumptions, is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹2,326 | 32.4% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for DALBHARAT with detailed assumptions →
Dalmia Bharat Shareholding Pattern
Promoter holding has stayed steady at 55.8% over the last 4 quarters.
Foreign institutional investors (FIIs) trimmed their stake to 7.2% as of March 2026, down from 8.2% a year ago.
Domestic institutional investors (DIIs) held 20.2% as of March 2026, versus 17.4% in the year-ago period.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| 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% |
| Jun 2025 | 55.8% | 8.2% | 17.4% | 18.4% |
Track quarterly shareholding changes for DALBHARAT →
Dalmia Bharat Balance Sheet
Proportional view as of 13 Jul 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
Pulling it together, here's the bottom line on DALBHARAT (DALBHARAT) based on the latest available financials.
FY2026 revenue came in at ₹15,026 Cr, up 5.6% year-over-year.
Revenue has compounded at 6.9% annually over the past 8 years.
Profitability holds up too, with a net margin of 7.7% and net income of ₹1,157 Cr.
The P/E Ratio model implies 32.4% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of DALBHARAT goes deeper: three valuation models, growth metrics, and 10 years of financial data.