D

Dalmia Bharat Ltd.

DALBHARATNSE
Market snapshot · 2026-08-12 19:20 UTC

1,841.40

+₹5.80 (+0.32%)

MARKET CAP

₹34.57K Cr

STOCK P/E

36.9x

52W HIGH

₹2,496.30

52W LOW

₹1,605.00

BOOK VALUE

₹958.54

EPS

₹49.93

ROE

SECTOR

Materials

DEBT/EQUITY

40.99

VOLUME

89,855

P/B RATIO

1.92x

PEG RATIO

-0.71

Sector

Materials

Themes

CementLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹2,399.85₹2,213.48₹2,027.10₹1,840.73₹1,654.35VolumeEDEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for DALBHARAT.

33.00 analysts

Price Forecast

Current
₹1,841
High Target
₹2,500
▲ +35.8%
Median Target
₹2,150
▲ +16.8%
Low Target
₹1,800
▼ -2.2%
Now₹1,841High ₹2,500Median ₹2,150Low ₹1,800Aug '25Now12M Target
Price history (1Y)
Analyst target range
33 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,545 - ₹2,18480%
6M₹1,435 - ₹2,34080%
12M₹1,291 - ₹2,57780%
Realized vol: +27.0% · Drift: +2.7%

Revenue Forecast

₹ Cr
Jun '26Current₹3,890.0
Sep 2026 ETrend estimate range
High₹3,994.8Base₹3,698.9Low₹3,403.0
Jun '25: ₹3,636.0 · Dec '25: ₹3,506.0 · Mar '26: ₹4,245.0 · Jun '26: ₹3,890.0 · Sep '26: ₹3,698.9 · Dec '26: ₹3,333.7
Jun '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3,636.03,506.04,245.03,890.03,698.93,333.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹10.02
Sep 2026 ETrend estimate range
High₹7.86Base₹7.01Low₹6.17
Jun '25: ₹20.95 · Dec '25: ₹6.50 · Mar '26: ₹20.69 · Jun '26: ₹10.02 · Sep '26: ₹7.01 · Dec '26: ₹4.55
Jun '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E20.956.5020.6910.027.014.55
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
66%
Analyst Consensus
Weakening

From 33 analysts

Mean upside+16.7%

Fundamentals

Weakening

Fundamentals institutional score is 33 using accruals ratio -0.181; growth durability 14.2.

Valuation

Attractive relative to peers

Valuation institutional score is 85 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 69 using mean target upside 16.7%; dispersion penalty 13.0; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 96 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and analyst consensus provide support, while fundamentals and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price2,148.3 target
Mean Upside+16.7%
Technical Score96%
Fundamental Score33%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 4.5% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.64). Confidence: 90%.

Live forward EPS implies next-12-month EPS of ₹73.16. Applying the stock's normalized valuation corridor produces a fair range of ₹2,632.30 to ₹3,123.93, with base value near ₹2,825.44 (+53.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹73.16

Forward P/E

25.2x

Base Fair Value

₹2,825.44

Fair Range

₹2,632.30 - ₹3,123.93

Upside To Base

+53.4%

Estimate Source

Live forward EPS

Growth Estimate

-52.1%

P/E
Strongly Undervalued

5Y Average

37.63

Current

36.88

Overvalued

42.70

Undervalued

35.98

EV/EBITDA
Strongly Undervalued

5Y Average

13.15

Current

12.89

Overvalued

14.39

Undervalued

12.28

P/B
Strongly Undervalued

5Y Average

2.14

Current

1.92

Overvalued

2.46

Undervalued

1.82

Peers & Comparison

Sector: Materials · Theme: Cement

Cement Peers8 peers
Avg P/E: 134.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
AMBUJA CEMENTS LTD
AMBUJACEMCement
-7.7%11.1%
23.6x
Undervalued
-82% vs avg
-27.0%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
30.2x
Undervalued
-78% vs avg
-3.9%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
51.2x
Undervalued
-62% vs avg
+44.4%
-40.2%0.2%
631.7x
Premium
+370% vs avg
-5.6%
BHARAT FORGE LTD
BHARATFORGIron & Steel
+18.7%4.0%
140.9x
Fair
+5% vs avg
+73.6%
HERO MOTOCORP LIMITED
HEROMOTOCOTwo Wheelers
+34.9%10.7%
21.7x
Undervalued
-84% vs avg
+23.0%
CG POWER AND IND SOL LTD
CGPOWERHeavy Electrical Equipments
+14.0%9.8%
112.0x
Undervalued
-17% vs avg
+31.4%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
63.8x
Undervalued
-53% vs avg
+12.1%
WHY THESE PEERS

DALMIA BHARAT LIMITED trades at a discount (36.9x vs peer avg 134.4x), suggesting potential undervaluation relative to the Cement cohort. Peers include AMBUJA CEMENTS LTD, DR. REDDY S LABORATORIES, BSE LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.89K CrJun 2026

Latest net profit

₹188 CrJun 2026

Latest EPS

₹10.02Jun 2026

Net margin

11.4%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr₹0₹3₹6₹9₹12
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr1.00K Cr2.00K Cr3.00K Cr4.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2025Mar 2026-11.50K Cr0.00 Cr11.50K Cr23.00K Cr34.50K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

Sales

₹3,890 Cr

+7.0%

Net Profit

₹188 Cr

-52.2%

EBITDA

₹762 Cr

-19.6%

EPS

₹10.02

-52.2%
MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales34353330323429617875801011053,890
Expenses303228282530245271656872813,446
Operating Profit223163375791915444
OPM %5.88%5.71%9.09%3.33%18.75%8.82%10.34%11.48%6.41%9.33%11.25%18.81%14.29%11.41%
Other Income949859129912870287880139
Interest1111111110511511147
Depreciation21211122233109361
Profit before tax95108791710114147534152284254
Tax %6.32%10%4.6%0%35.29%4.95%28.57%50%-2.67%2.94%6.67%13.64%10.71%24.41%
Net Profit89983911961077733141975188
EPS in Rs4.780.504.390.500.595.130.510.380.381.760.750.751.1610.02

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +55.84%55.84%55.84%55.84%55.84%
FIIs +8.23%8.75%7.92%7.15%6.81%
DIIs +17.37%17.81%18.99%20.25%19.95%
Government +0.13%0.13%0.13%0.13%0.13%
Public +18.42%17.45%17.11%16.61%17.26%
Others0.01%0.02%0.01%0.02%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Intimation Of Schedule Of Analyst/ Institutional Investor Meeting(S)

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Jul 28, 2026PDFCompany Reports Open

Identification Of Company'S Subsidiary As Successful Resolution Applicant For Bhilai Jaypee Cement Limited And Issuance Of Letter Of Intent Thereof By The Resolution Professional

Jul 28, 2026PDFCompany Reports Open

Concall Transcript - FY2027

Jul 28, 2026PDFKnowledge Base Open