Dalmia Bharat share price
NSE: DALBHARATBSE: 542216Cement & Cement ProductsMid Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹1,474.40.
29 Oct: open ₹1,470.00, high ₹1,474.90, low ₹1,403.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹26,407 Cr239th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 53.89
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹561 crore of one-off items, the largest of them in the quarter to Sep 2026.
- 25.13
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.36%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 2.7%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹561 crore of one-off items, the largest of them in the quarter to Sep 2026.
- 5.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 5.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.53
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 12,71,203
About Dalmia Bharat
Dalmia Bharat Limited makes and sells cement in India through its wholly owned subsidiary Dalmia Cement (Bharat) Limited.1 Its customers are individual home builders, institutional and commercial buyers, and government bodies building infrastructure.2 It runs plants in the south, east, northeast, centre and west of India, and its head office is in New Delhi.3
Dalmia Bharat is India's fourth-largest cement manufacturer by installed capacity, the company says.4 Its cement brands are Dalmia Bharat Cement, Dalmia Bharat DSP, Dalmia Bharat Supreme, Konark Cement and Weather365, a premium-plus range introduced in the quarter to Jun 2026.56
Its cement business began with the Dalmiapuram plant, commissioned in 1939, followed by a plant at Rajgangpur, Odisha, built to supply the Hirakud Dam.78 It entered the northeast by acquiring Calcom and Adhunik Cements, and the west by acquiring Murli Industries.9 The listed company was incorporated on 12 Jul 2013 and took its present name in April 2019.10
It is part of the Dalmia Bharat Group, which traces its start to Jaidayal Dalmia in the early 1930s.1112 Yadu Hari Dalmia is chairman, Gautam Dalmia is managing director and Puneet Dalmia is managing director and CEO.13
Dalmia Bharat key points
Results
- In the quarter to Sep 2026, Dalmia Bharat's revenue was ₹3,563 crore against ₹3,417 crore a year earlier, and EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹493 crore against ₹696 crore.14
- In the quarter to Sep 2026, Dalmia Bharat's reported profit after tax was a ₹205 crore loss against ₹239 crore profit a year earlier, after a ₹282 crore write-down of assets including 3 in-house (captive) power plants and a ₹57 crore employee separation charge.1415
- In the year to Mar 2026, consolidated revenue rose 5.9% to ₹14,804 crore and consolidated EBITDA rose 28.1% to ₹3,083 crore, the highest annual EBITDA in the company's history.1617
- In the year to Mar 2026, consolidated profit after tax, including minority owners' share, rose 65.5% to ₹1,157 crore from ₹699 crore.18
Revenue mix
- In the quarter to Sep 2026, trade sales (through dealers and retailers) were 63% of Dalmia Bharat's volume, and premium products 25% of trade volume.19
- Blended cements, which replace part of the clinker with fly ash or slag, were 77% of Dalmia Bharat's cement in the quarter to Sep 2026.20
- Exports were less than 0.1% of Dalmia Bharat's turnover in the year to Mar 2026.21
- Dalmia Bharat sells through more than 49,700 channel partners (dealers and retailers).22
Plants and capacity
- Installed cement capacity by region at the end of Sep 2026, million tonnes a year2223The total of 54.7 million tonnes a year comes from 19 plants; clinker (the kiln product ground into cement) capacity is 30.4 million tonnes.
Item quarter to Sep 2026 East 21.6 South 17.0 North East 8.0 Central 5.2 West 2.9 - Dalmia Bharat's cement plants ran at 61% of their capacity in the year to Mar 2026.24
Debt and credit rating
- At the end of Jun 2026, after funding the central India acquisition, Dalmia Bharat's gross debt was ₹9,108 crore and net debt (borrowings less cash and liquid investments) ₹4,431 crore, or 1.47 times EBITDA.25
- As of its annual report of 4 Jun 2026, CRISIL rated Dalmia Bharat's long-term bank facilities AA+ with a stable outlook and its short-term facilities A1+.26
Expansion and capital spending
- In its presentation of 26 Oct 2026, the company said the Belgaum clinker line was in trial run and expects commissioning of the Pune grinding unit in the quarter to Sep 2027 and Kadapa's integrated (clinker and cement) unit by the quarter to Mar 2028.272829
- On its earnings call of 24 Jul 2026, the company said the acquisition and its Belgaum, Kadapa and Pune projects would take cement capacity to about 67 million tonnes a year by the quarter to Dec 2027.30
- On its earnings call of 24 Jul 2026, the company said it expects capital spending of ₹3,200 crore to ₹3,400 crore in the year to Mar 2027, excluding the ₹2,850 crore acquisition price, of which projects take about ₹2,200 crore.3132
- The company stated in its annual report for the year to Mar 2026 that it targets 110 to 130 million tonnes a year of cement capacity by 2031; on its call of 24 Jul 2026 it allowed a couple of years either way.3334
What the company expects
- On its earnings call of 24 Jul 2026, the company said it expects the cement industry to grow 7% to 8% and aims to grow volumes from existing plants in line with it, with new capacity on top.3536
- On its earnings call of 24 Jul 2026, the company said the acquired central India plants might break even on EBITDA in a couple of quarters and match its other states' average EBITDA per tonne in 7 to 8 quarters, calling it early days.37
Recent events
- On 20 Jun 2026, the acquired Chunar grinding unit in Uttar Pradesh, with 2.5 million tonnes a year of cement capacity, began commercial production.38
- On 29 May 2026, Dalmia Bharat bought Jaiprakash Associates' cement plants at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh, with 5.2 million tonnes a year of cement capacity.3940
- On 20 Jan 2026, a 3.6 million tonnes a year clinker unit at Umrangso, Assam, began commercial production, taking group clinker capacity to 27.1 million tonnes a year.41
Litigation and regulatory matters
- As of its annual report of 4 Jun 2026, the Bawri Group's appeal was pending against a Delhi High Court judgment of 17 Oct 2022 that set aside arbitral awards it had won in a dispute with subsidiary Dalmia Cement (Bharat).4243
- As of its annual report of 4 Jun 2026, Dalmia Cement (Bharat) had given ₹100 crore bank and ₹300 crore corporate guarantees under Supreme Court orders to recover mutual fund units the report says Allied Financial Services fraudulently transferred; management expects no loss.44
Last updated
All 44 sources, each with its page
- 1. Annual report, 4 Jun 2026, page 105
- 2. Annual report, 4 Jun 2026, page 130
- 3. Investor presentation, 26 Oct 2026, page 12
- 4. Annual report, 4 Jun 2026, page 9
- 5. Annual report, 4 Jun 2026, page 80
- 6. Earnings call, 24 Jul 2026, page 4
- 7. Annual report, 4 Jun 2026, page 6
- 8. Annual report, 4 Jun 2026, page 7
- 9. Investor presentation, 26 Oct 2026, page 11
- 10. Annual report, 4 Jun 2026, page 158
- 11. Exchange filing, 20 Jan 2026, page 1
- 12. Annual report, 4 Jun 2026, page 6
- 13. Investor presentation, 26 Oct 2026, page 36
- 14. Investor presentation, 26 Oct 2026, page 28
- 15. Investor presentation, 26 Oct 2026, page 28
- 16. Annual report, 4 Jun 2026, page 105
- 17. Annual report, 4 Jun 2026, page 5
- 18. Annual report, 4 Jun 2026, page 105
- 19. Investor presentation, 26 Oct 2026, page 21
- 20. Investor presentation, 26 Oct 2026, page 31
- 21. Annual report, 4 Jun 2026, page 130
- 22. Investor presentation, 26 Oct 2026, page 12
- 23. Investor presentation, 26 Oct 2026, page 10
- 24. Annual report, 4 Jun 2026, page 29
- 25. Earnings call, 24 Jul 2026, page 7
- 26. Annual report, 4 Jun 2026, page 127
- 27. Investor presentation, 26 Oct 2026, page 17
- 28. Investor presentation, 26 Oct 2026, page 19
- 29. Investor presentation, 26 Oct 2026, page 19
- 30. Earnings call, 24 Jul 2026, page 5
- 31. Earnings call, 24 Jul 2026, page 7
- 32. Earnings call, 24 Jul 2026, page 12
- 33. Annual report, 4 Jun 2026, page 85
- 34. Earnings call, 24 Jul 2026, page 12
- 35. Earnings call, 24 Jul 2026, page 10
- 36. Earnings call, 24 Jul 2026, page 13
- 37. Earnings call, 24 Jul 2026, page 15
- 38. Exchange filing, 21 Jun 2026, page 1
- 39. Earnings call, 24 Jul 2026, page 7
- 40. Exchange filing, 22 May 2026, page 2
- 41. Exchange filing, 20 Jan 2026, page 1
- 42. Annual report, 4 Jun 2026, page 182
- 43. Annual report, 4 Jun 2026, page 182
- 44. Annual report, 4 Jun 2026, page 182
Results
Consolidated; ₹ crore.Dalmia Bharat quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +6.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −56.4%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,563 Crdown 8.41%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- −₹205 CrQuarter to Jun 2026: ₹192 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- −5.8%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,181 | 4,091 | 3,636 | 3,417 | 3,506 | 4,245 | 3,890 | 3,563 |
| Net profit | 66 | 439 | 395 | 239 | 128 | 394 | 192 | −205 |
| Net margin | 2.1% | 10.7% | 10.9% | 7.0% | 3.7% | 9.3% | 4.9% | −5.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹14,804 Crup 5.89%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,157 Crup 65.52%
- Net margin
- 7.8%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,484 | 9,674 | 10,522 | 11,286 | 13,540 | 14,691 | 13,980 | 14,804 |
| Net profit | 349 | 238 | 1,243 | 1,173 | 1,079 | 853 | 699 | 1,157 |
| Net margin | 3.7% | 2.5% | 11.8% | 10.4% | 8.0% | 5.8% | 5.0% | 7.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Cement and Cement related products, which carries all its revenue.
Valuation
Today, against the company's own history.Dalmia Bharat PE ratio and valuation
At or below today's level on 5% of 1,048 trading days over the last 5 years.
At or below today's level on 10% of 1,853 trading days since May 2019.
At or below today's level on 35% of 1,914 trading days since Feb 2019.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −1.8% | +66.7% | −41.4% | 0.5% |
| 3 years | −2.8% | +3.2% | −6.3% | 0.5% |
| 5 years | +2.8% | −1.5% | +3.9% | 0.5% |
Mutual fund holdings
97 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 62 of the 70 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 97 funds holding Dalmia Bharat
- AddedAdded. Funds that held more shares than at the end of the month before.
- 36
- CutCut. Funds that held fewer shares than at the end of the month before.
- 34
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 26
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 46,46,228 | 1.17% | ₹782.3 Cr | |
| 46,14,030 | 1.81% | ₹776.9 Cr | |
| 29,43,408 | 2.54% | ₹495.6 Cr | |
| 27,00,000 | 0.86% | ₹454.6 Cr | |
| 23,00,000 | 1.66% | ₹387.3 Cr | |
| 22,25,000 | 1.23% | ₹374.6 Cr | |
| 17,30,000 | 0.58% | ₹291.3 Cr | |
| 17,11,126 | 1.23% | ₹288.1 Cr | |
| 14,86,546 | 0.83% | ₹250.3 Cr | |
| 6,75,710 | 2.12% | ₹113.8 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Dalmia Bharat insider trading
- Promoters and promoter group1 purchase, 1 sale₹17 Cr₹17 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹0 Cr9 off-market moves
- Others: no market trade · 6 pledge filings of unclear kind
Dalmia Bharat competitors and peers
Cement & Cement Products, 40 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Dalmia Bharat in market cap.Construction materials companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,99,601 | 35.06 | 1.93 | +20.5% | – | 5.7% | 4.7% | 0.34% | |
| 88,136 | – | 1.49 | +7.7% | – | – | 3.4% | 0.56% | |
| 83,419 | 52.68 | 3.50 | +14.3% | −7.9% | 6.8% | 6.8% | 0.65% | |
| 37,807 | 39.46 | 5.15 | +17.3% | −7.4% | 13.9% | 11.5% | 0.41% | |
| 21,661 | 24.55 | 1.05 | +4.6% | −73.6% | 4.3% | 5.1% | 0.65% | |
| 17,242 | 26.74 | 2.13 | +8.6% | +101.2% | 8.3% | 5.0% | 0.34% | |
| 15,789 | 20.79 | 2.32 | – | – | 11.8% | 7.7% | 0.43% | |
| 11,861 | 28.59 | 1.24 | +10.6% | +52.0% | 4.4% | 6.6% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dalmia Bharat dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 30 Oct 2026 | Interim | ₹4.00 |
| 23 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹5.00 |
| 24 Oct 2025 | Interim | ₹4.00 |
| 23 Jun 2025 | Final | ₹5.00 |
| 25 Oct 2024 | Interim | ₹4.00 |
| 19 Jun 2024 | Final | ₹5.00 |
Latest announcements
Routine notices left out.Dalmia Bharat announcements
Oct 2026
27 Oct · General Updates
26 Oct · Results
19 Oct · Analysts
Dalmia Bharat share price by year
Each calendar year to 2025.Dalmia Bharat share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,130.90 | +20.6% | 2,476.20 | 1,607.10 |
| 2024 | 1,767.25 | −22.3% | 2,390.70 | 1,686.35 |
| 2023 | 2,275.20 | +22.1% | 2,406.65 | 1,693.70 |
| 2022 | 1,862.80 | +0.8% | 2,066.70 | 1,237.75 |
| 2021 | 1,847.90 | +71.1% | 2,455.95 | 1,094.50 |
| 2020 | 1,079.75 | +34.9% | 1,181.25 | 408.90 |
| 2019 | 800.30 | −27.2% | 1,214.40 | 756.70 |
| 2018 | 1,099.85 | – | 1,130.05 | 1,073.55 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,502.00 | 1,518.30 | 1,466.10 | 1,474.40 | 1,478.29 | 2,12,712 | 54.0% |
| 27 Oct 2026 | 1,545.00 | 1,579.00 | 1,502.00 | 1,519.00 | 1,529.88 | 7,41,889 | 32.8% |
| 26 Oct 2026 | 1,592.00 | 1,631.00 | 1,574.30 | 1,625.80 | 1,606.09 | 54,656 | 39.2% |
| 23 Oct 2026 | 1,601.00 | 1,625.80 | 1,581.30 | 1,591.30 | 1,595.18 | 35,180 | 41.8% |
| 22 Oct 2026 | 1,606.70 | 1,625.00 | 1,597.00 | 1,620.60 | 1,614.44 | 57,618 | 48.4% |
| 21 Oct 2026 | 1,630.00 | 1,662.00 | 1,605.10 | 1,624.20 | 1,628.66 | 41,499 | 42.1% |
| 19 Oct 2026 | 1,669.00 | 1,690.80 | 1,611.00 | 1,622.60 | 1,651.62 | 45,206 | 40.7% |
| 16 Oct 2026 | 1,601.00 | 1,709.00 | 1,595.00 | 1,684.40 | 1,671.76 | 3,17,701 | 27.2% |
| 15 Oct 2026 | 1,625.00 | 1,644.60 | 1,607.80 | 1,610.00 | 1,620.87 | 23,195 | 51.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Buyback history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 22 Jan 2019 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Company details
- NSE symbol
- DALBHARAT
- BSE code
- 542216
- ISIN
- INE00R701025
- Industry
- Cement & Cement Products
- Former symbols
- OCLINDIA
- Website
- www.dalmiabharat.com
- CIN
- L40109TN2006PLC058818
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2006
- Registered office
- Dalmiapuram Lalgudi, Tiruchirapalli 621651, Tamil Nadu
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments