DALBHARAT
Large CapDalmia Bharat Limited
Industrials
Dalmia Bharat Limited operates in Cement, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/4 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Bad · 5/100PAT -10% YoY · Rev +4% YoY · margin expansion · +21% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹4,245 Cr | +3.8% | +21.1% |
| EBITDA | ₹902 Cr | +13.7% | +49.8% |
| Operating margin | 21.0% | +200 bps | +400 bps |
| PAT | ₹394 Cr | -10.3% | +207.8% |
| PAT margin | 9.3% | -145 bps | +563 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Issuer evidence available
Dalmia Bharat Limited operates in Cement, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Management claims from the latest issuer document are tracked in the accountability section below.
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Extracted source claims
The company is on the path to expand its presence in new regions and reach a capacity of around 75 million tons by FY28.
"reach a capacity of around 75 million tons by FY28."
The company expects CAPEX spending to be around Rs. 2,700 crores in FY26.
"We expect the spending to be around Rs. 2,700 crores in FY26."
Cement demand in FY26 will witness a growth of about 6% YOY on a full year basis.
"FY26 will witness a growth of about 6% YOY on a full year basis."
India's GDP growth is projected at 7.3% in the current fiscal.
"The Reserve Bank of India is projecting India's GDP growth at 7.3% in the current fiscal."
Trend score and candlestick chart
45NeutralSMA20 -11.8% / mo · near 52W low
Technical chart
DALBHARATdaily · 6M-15.1%Technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 29. Wait for confirmation.
- SMA20 falling (~11.2% over last month) — short-term momentum negative.
- RSI(14) at 29 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 7/9.
- Balance sheet contributes 8/15 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -304.8%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 6/30; verify the latest quarterly trend.
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Healthy Trust: Claim history is still being built. It ranks around the 70th percentile of the scored universe and 68th percentile within Industrials. Main check: financial discipline is weak at 40/100.
Healthy Trust Lite: Promoter holding is 55.8%. Key concern: ROCE is low at 7.6%.
Generally investable credibility. Look for weak sub-scores before increasing position size.
overall median 67 · Industrials: 68th pctile, median 68 · Large: 47th pctile, median 74
125 documents indexed, but claim history is not strong enough yet.
4 claims extracted · No contradicted claim yet
How to read this Trust Score
Healthy Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 55.8%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0%.
- ▸8 years of positive FCF.
Trust risks
- ▸ROCE is low at 7.6%.
- ▸ROE is low at 6.1%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 28.90
- P/B
- 1.74
- EV/EBITDA
- 8.71
- Market Cap
- 31205.00Cr
Profitability
- ROE
- 6.11%
- ROCE
- 7.59%
- ROA
- 3.48%
- Dividend Y
- 0.54%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- -2.00%
- Revenue 3Y
- 3.00%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.41
- Interest Coverage
- 6.42×
- Altman Z
- 2.93
- Book Value
- 959.00
Cash Flow
- FCF Yield
- 0.03%
- FCF Positive Y
- 8/5
- OCF
- 2278.00 Cr
- EPS TTM
- 60.73
Shareholding
- Promoter Hold
- 55.84%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 2%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.