This is a numbers-first look at DALBHARAT (DALBHARAT), covering income trends, margins, valuation, and shareholding.
Dalmia Bharat Revenue Trend
Top-line pressure showed for DALBHARAT, with revenue declining 5.2% to ₹14,233 Cr in FY2025.
Looking at the longer trend, DALBHARAT's revenue grew from ₹8,827 Cr to ₹14,233 Cr at a 7.1% CAGR — moderate, consistent growth.
At ₹14,233 Cr in annual revenue, DALBHARAT is one of the major players in the cement and cement products space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹14,233 Cr | -5.2% |
| FY2024 | ₹15,006 Cr | +9.7% |
| FY2023 | ₹13,678 Cr | +19.6% |
| FY2022 | ₹11,441 Cr | +6.9% |
| FY2021 | ₹10,704 Cr | — |
View DALBHARAT's full 10-year revenue trend with CAGR analysis →
Dalmia Bharat Profitability
At ₹699 Cr, DALBHARAT's FY2025 net profit was 18.1% below what it earned in FY2024.
Margin pressure was evident, with net margin declining to 4.9% from 5.7%.
FY2025 diluted EPS of ₹36.42 was down from the ₹44.03 reported in FY2024.
Is Dalmia Bharat Undervalued
The P/E Ratio model estimates an intrinsic value of ₹1,430, implying a 17.0% downside from the current price.
DALBHARAT shares are currently trading at ₹1,723.20.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,430 | 17.0% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for DALBHARAT with detailed assumptions →
Dalmia Bharat Shareholding Pattern
The promoter group has maintained its 55.8% holding through the last 4 quarters.
Foreign institutional investors (FIIs) held 7.2% as of March 2026, down from 8.2% a year ago.
The DII stake stands at 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 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹303.67B at the end of FY2025, up 9.4% from ₹277.50B a year earlier.
Property, Plant & Equipment is the largest block at 57.2%, followed by Cash & ST Investments at 15.1% and Other Assets at 9.6%.
Equity makes up 57.9% of liabilities and equity, with debt at 18.9% and operating liabilities at 23.2%. Over the year, debt is up 18.7% and equity is up 6.0%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 45.93B |
| Receivables | 8.89B |
| Inventories | 13.86B |
| Property, Plant & Equipment | 173.71B |
| Investments | 6.75B |
| Intangibles & Goodwill | 25.51B |
| Other Assets | 29.02B |
| Category | Value |
|---|---|
| Equity | 175.00B |
| Short-term Debt | 7.02B |
| Long-term Debt | 50.00B |
| Trade Payables | 15.39B |
| Other Liabilities | 54.85B |
Dalmia Bharat Investment Snapshot
Here's the bottom line on DALBHARAT (DALBHARAT) based on the latest available financials.
Revenue of ₹14,233 Cr in FY2025, down 5.2% year-over-year.
Long-term revenue has been compounding at 7.1% annually over 7 years.
The company is profitable, with a net margin of 4.9% and net income of ₹699 Cr.
The P/E Ratio model implies 17.0% downside 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.