Is Dalmia Bharat a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dalmia Bharat Ltd is a below average quality company .

Is Dalmia Bharat undervalued or overvalued?

The key valuation ratios of Dalmia Bharat Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Dalmia Bharat share price return in the past 10 years?

Data is not available for this company

Is Dalmia Bharat a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Dalmia Bharat Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Dalmia Bharat Ltd - Stock Valuation and Financial Performance

Name: Dalmia Bharat
Brand: Dalmia Bharat

BSE: 542216 | NSE: DALBHARAT | Cement & Construction Materials | Mid Cap

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Dalmia Bharat Share Price

₹1,840 -0.35 -0.02%
as on 31-Oct'24 16:01

10 Year X-Ray of Dalmia Bharat:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	0%	0%	5.5%	6.1%	5.3%	4.7%	10.2%	7.6%	8.1%	7.2%	-
Value Creation Index ⓘ	NA	NA	-0.5	-0.5	-0.5	-0.7	-0.1	-0.3	-0.3	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	7,447	8,580	9,484	9,674	10,110	11,286	13,552	14,691	14,615
Sales YoY Gr.	-	NA	NA	15.2%	10.5%	2%	4.5%	11.6%	20.1%	8.4%	-
Adj EPS ⓘ	0	0	0	0	12.8	10.1	61.8	41.2	59.4	41.1	40.8
YoY Gr.	-	NA	NA	NA	NA	-21.4%	512.8%	-33.4%	44.2%	-30.9%	-
BVPS (₹) ⓘ	0	0	0	0	544.9	541	692.1	867	844.1	863	934
Adj Net Profit ⓘ	0	0	-31.6	226	248	195	1,157	772	1,114	770	765
Cash Flow from Ops. ⓘ	0	0	1,875	1,606	1,843	2,340	3,604	1,932	2,252	2,635	-
Debt/CF from Ops. ⓘ	0	0	4.3	4.5	3.2	2.5	1	1.6	1.7	1.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	9.2%	13.3%	8.4%
Adj EPS ⓘ	NA	26.2%	-12.8%	-30.9%
BVPSⓘ	NA	9.6%	7.6%	2.2%
Share Price	-	17.7%	-3%	-11%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-0.3	2.3	2.4	1.8	9.9	5.4	7	4.8	4.5
Op. Profit Mgn % ⓘ	25.6	23.7	20.5	21.8	27.3	21.5	17.2	18	17.3
Net Profit Mgn % ⓘ	-0.6	2.6	3.1	2.2	11.6	7.1	8.5	5.4	5.2
Debt to Equity ⓘ	2.7	2	0.6	0.6	0.3	0.2	0.2	0.3	0.2
Working Cap Days ⓘ	0	123	131	116	128	88	90	92	98
Cash Conv. Cycle ⓘ	0	6	17	17	21	6	12	8	43

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.27%

Return on Equity has declined versus last 3 years average to 4.50%

Net Profit has been subdued in last 3 years -12.75%

Sales growth is not so good in last 4 quarters at 3.76%

Latest Financials - Dalmia Bharat Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.7	40.8
TTM Sales (₹ Cr.)	125	14,615
BVPS (₹.) ⓘ	429.7	934
Reserves (₹ Cr.) ⓘ	8,021	17,480
P/BV ⓘ	4.26	1.96
PE ⓘ	272.57	44.89

From the Market
52 Week Low / High (₹)	1664.20 / 2428.85
All Time Low / High (₹)	406.00 / 2547.20
Market Cap (₹ Cr.)	34,344
Equity (₹ Cr.)	37.5
Face Value (₹)	2
Industry PE ⓘ	48.3

Management X-Ray of Dalmia Bharat:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Dalmia Bharat

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Dalmia Bharat

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	7,447	8,580	9,484	9,674	10,110	11,286	13,552	14,691
Operating Expenses ⓘ	5,553	6,559	7,656	7,591	7,348	8,914	11,243	12,056
Manufacturing Costs	1,569	1,987	2,408	2,401	2,303	3,382	4,612	4,093
Material Costs	1,257	1,510	1,785	1,746	1,543	1,472	1,981	2,703
Employee Cost	591	609	648	675	659	744	771	871
Other Costs ⓘ	2,136	2,453	2,815	2,769	2,843	3,316	3,879	4,389
Operating Profit ⓘ	1,894	2,021	1,828	2,083	2,762	2,372	2,309	2,635
Operating Profit Margin (%)	25.4%	23.6%	19.3%	21.5%	27.3%	21.0%	17.0%	17.9%
Other Income ⓘ	296	274	368	226	204	214	145	319
Interest ⓘ	856	693	561	424	318	202	234	386
Depreciation ⓘ	1,226	1,213	1,296	1,528	1,250	1,235	1,305	1,498
Exceptional Items ⓘ	0	0	0	0	-34	-2	-144	0
Profit Before Tax ⓘ	108	389	339	357	1,364	1,152	1,325	1,070
Tax ⓘ	74	98	-10	119	178	315	242	216
Profit After Tax	34	291	349	238	1,186	837	1,083	854
PAT Margin (%)	0.5%	3.4%	3.7%	2.5%	11.7%	7.4%	8.0%	5.8%
Adjusted EPS (₹)	0.0	0.0	15.8	11.5	63.3	44.1	56.0	43.5
Dividend Payout Ratio (%)	0%	0%	13%	17%	2%	20%	16%	21%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,963	3,667	10,625	10,550	12,804	16,040	15,616	16,396
Share Capital ⓘ	0	0	39	39	37	37	37	38
Reserves ⓘ	2,963	3,667	10,586	10,511	12,767	16,003	15,579	16,358
Minority Interest	-29	-30	11	25	34	72	116	110
Debt	7,487	6,322	4,923	4,751	2,911	2,130	3,575	4,445
Long Term Debt	6,254	5,459	4,015	3,505	2,089	1,922	3,210	4,431
Short Term Debt	1,233	863	908	1,246	822	208	365	14
Trade Payables	890	928	877	829	899	850	1,135	1,316
Others Liabilities ⓘ	9,951	10,447	4,102	4,723	5,238	5,576	5,077	5,445
Total Liabilities ⓘ	21,262	21,334	20,538	20,878	21,886	24,668	25,519	27,712
Fixed Assets
Gross Block	17,835	17,565	18,318	18,744	20,923	22,547	24,372	26,549
Accumulated Depreciation	2,319	3,528	4,745	6,189	7,298	8,412	9,589	10,818
Net Fixed Assetsⓘ	15,516	14,037	13,573	12,555	13,625	14,135	14,783	15,731
CWIP ⓘ	128	173	520	1,740	1,006	1,045	1,871	2,395
Investmentsⓘ	2,740	3,505	2,424	2,816	4,033	5,704	3,524	4,462
Inventories	652	779	1,032	974	760	945	1,316	1,218
Trade Receivables	530	564	549	664	511	673	700	836
Cash Equivalents	175	354	469	403	247	160	285	582
Others Assetsⓘ	1,521	1,922	1,971	1,726	1,704	2,006	3,040	2,488
Total Assets ⓘ	21,262	21,334	20,538	20,878	21,886	24,668	25,519	27,712

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	1,875	1,606	1,843	2,340	3,604	1,932	2,252	2,635
PBT ⓘ	108	389	339	357	1,361	1,162	1,321	1,069
Adjustment ⓘ	1,814	1,662	1,691	1,773	1,418	1,261	1,022	1,574
Changes in Working Capital ⓘ	-28	-359	-163	276	781	-515	-77	46
Tax Paid ⓘ	-19	-86	-24	-66	44	24	-14	-54
Cash Flow From Investing Activity ⓘ	-139	135	187	-1,760	-301	-1,043	-2,326	-2,750
Capex	-392	-393	-926	-1,345	-1,027	-1,756	-2,701	-2,723
Net Investments	168	-193	1,051	-497	732	579	298	-161
Others ⓘ	85	721	62	82	-6	134	77	134
Cash Flow From Financing Activityⓘ	-1,749	-1,564	-2,067	-594	-3,375	-942	168	222
Net Proceeds from Shares ⓘ	0	4	4	0	5	5	0	3
Net Proceeds from Borrowing ⓘ	-1,047	-403	-1,546	-295	-1,829	-465	1,007	1,240
Interest Paid ⓘ	-810	-762	-522	-467	-396	-232	-297	-452
Dividend Paid ⓘ	0	-33	-40	-77	0	-100	-169	-169
Others ⓘ	108	-370	37	245	-1,155	-150	-373	-400
Net Cash Flow ⓘ	-13	177	-37	-14	-72	-53	94	107

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	1.15	8.78	4.88	2.25	10.16	5.8	6.84	5.34
ROCE (%)	5.46	6.14	5.28	4.73	10.18	7.59	8.09	7.21
Asset Turnover Ratio	0.39	0.41	0.45	0.52	0.41	0.56	0.62	0.65
PAT to CFO Conversion(x)	55.15	5.52	5.28	9.83	3.04	2.31	2.08	3.09
Working Capital Days
Receivable Days	23	23	21	20	24	17	16	16
Inventory Days	29	30	35	34	36	24	27	27
Payable Days	258	220	185	178	204	217	183	165

Dalmia Bharat Ltd Stock News

Dalmia Bharat Ltd FAQs

What is the share price of Dalmia Bharat?

Company share prices are keep on changing according to the market conditions. The closing price of Dalmia Bharat on 31-Oct-2024 16:01 is ₹1,840.

What is the market cap of Dalmia Bharat?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Dalmia Bharat stood at ₹34,343.7.

What is the P/E ratio of Dalmia Bharat?

The latest P/E ratio of Dalmia Bharat as of 31-Oct-2024 16:01 is 272.6.

What is the P/B ratio of Dalmia Bharat?

The latest P/B ratio of Dalmia Bharat as of 31-Oct-2024 16:01 is 4.26.

What is the 52-week high and low of Dalmia Bharat?

The 52-week high of Dalmia Bharat is ₹2,428.9 and the 52-week low is ₹1,664.2.

What is the TTM revenue of Dalmia Bharat?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dalmia Bharat is ₹125.0 ( Cr.) .

About Dalmia Bharat Ltd

Dalmia Bharat Limited is a public company domiciled in India and incorporated under the provisions of the Companies Act applicable in India. Its equity shares are listed on NSE and BSE stock exchanges in India. Dalmia Bharat is a leader in the super-speciality cement segment, which enjoys downstream demand among manufacturers of railway sleepers, oil wells and airstrips. It is the country’s largest producer of slag cement.

Business area of the company

The company has emerged as one of the most respected cement manufacturers in India, contributing to nation-building through adequate capacity creation, consistently high quality standards and value-added products.

Products

Dalmia Bharat possesses a diversified portfolio of value-added brands including the prominent Dalmia Cement, Dalmia DSP, Konark Cement and a range of speciality products including SRPC, Dalmia Magic and lnfragreen in addition to speciality cements used in oil wells, air strips and railway sleepers.

Awards

2013

Dalmia Bharat Receives National Energy Conservation Award
Dalmia Bharat Cement receives the CII-ITC Sustainability Award 2013

2014

Dalmia Cement Ariyalur plant receives FICCI Safety Award 2014

2015

Dalmia Bharat Honoured with National Award for Sustainability from National Council for Cement and Building Materials

2017

Dalmia Bharat bags NCB’s National awards in an unprecedented six categories

2018

Gold Award in the 16th ABK AOTS CUMI 5S Competition
ET NOW Social Responsibility Leadership Award
Puneet Dalmia received the EY Entrepreneur of the Year Award 2017 in the Manufacturing Category
Best CSR Partner Award for Smart Village Activities by the Andhra Pradesh Smart Village Foundation, Government of Andhra Pradesh
India Green Building Council Platinum Award by CII
Fastest Growing Cement Company- Large Category Award by ASAPP Publications
Sustainability Award by ASAPP Publications
Adaptive Supply Chain Award by CII

2019

ICC Social Impact Award for Clean Energy
Best CSR Report Award by ET Now
Dalmia Bharat Limited wins CII Climate Action Program Cap 2.0 degree climate oriented award
India Green Building Council Platinum Award by CII
Dalmia Bharat Limited's Dalmiapuram unit wins second best environment excellence in Limestone mines
Dalmia Bharat Group - HR wins Arogya World Healthy Workplace Award
Three North East Units (USO, Lanka, Jagiroad) of Dalmia Bharat Limited Bag Work Management Award
Dalmia Bharat Group won the GOLD level of recognition in the 2019 Arogya World Healthy Workplace award accorded by Arogya World Trust India in partnership with Public Health Foundation of India.

2020

Dalmia Bharat Limited wins FICCI Corporate Social Responsibility Award for Environmental Sustainability
Dalmia Bharat Group Wins Award for Corporate Governance at Legal Era Awards 2019-20
Empowering the Rural Population Recognizes Dalmia Bharat Foundation for being adjudged the Winner in Large Project Category

Milestones

1930-50

Entered the cement industry by setting up its first manufacturing facility in Dalmiapuram (Tamil Nadu) with an installed capacity of 1.2 MTPA

1950-80

Launched specialised cement variants for constructing airstrips and railway sleepers

1980-2000

Introduced a vertical roller mill for limestone grinding for the first time in India
Commissioned a captive power plant using heavy fuel oil
Became the first Indian player to manufacture oil well cement
Became the first in India to commission the modern pre-calciner dry process in its kiln

2000-10

Established greenfield projects in Ariyalur and Kadappa
Scaled its manufacturing capacity to 9 MTPA
Commissioned captive power plants in Dalmiapuram and Ariyalur
Set up Dalmia Bharat Foundation to further its commitment to corporate citizenship

2010-15

Expanded rapidly in Eastern and Southern India through organic and inorganic initiatives (Calcom and Adhunik in North-Eastern India and Bokaro in Eastern India)
Published its first sustainability report
Became a Cement Sustainability Initiative member
Became a WASH Pledge signatory
Undertook a target to become a water-positive cement group

2015-17

Acquired OCL in Eastern India
Scaled its capacity to 25 MTPA
Became the first to commit to EP100 and RE100 campaigns
Launched Craft Beton
Published its first Integrated Report
Became one of the few companies to have its CSR processes assured on ISO 26000 and publish its 1st CSR report, based on ISO 26000 guidance
Commits to science- based targets
Become water positive cement group

2017-19

Acquired Kalyanpur Cement (Bihar)
Announced capacity additions of 7.8 MT in the eastern region
Completed restructuring to emerge as a single listed entity, reducing the number of subsidiaries
Introduced Dalmia Determined Contributions (DDC) directed towards increasing environment-friendliness on the back of superior technologies