Dalmia Bharat Ltd - Stock Valuation and Financial Performance

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

Dalmia Bharat Share Price

1,951.40 -26.80 -1.35%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Dalmia Bharat

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Dalmia Bharat stock performance -

mw4me loader
P/E Ratio (CD):
33.27
Market Cap:
36,598 Cr.
52-wk low:
1,805
52-wk high:
2,428.9

Is Dalmia Bharat Ltd an attractive stock to invest in?

1. Is Dalmia Bharat Ltd a good quality company?

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

2. Is Dalmia Bharat Ltd 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.

3. Is Dalmia Bharat Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dalmia Bharat Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%0%0%3.2%4%3.8%3%8.3%5.1%6.1%-
Value Creation
Index
NANANA-0.7-0.6-0.7-0.8-0.3-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0007,4478,5809,4849,67410,11011,28613,54014,285
Sales YoY Gr.-NANANA15.2%10.5%2%4.5%11.6%20%-
Adj EPS 0000012.810.161.841.25458.7
YoY Gr.-NANANANANA-21.4%512.8%-33.4%31.2%-
BVPS (₹) 00000544.9541692.1867844.1867.9
Adj Net
Profit
000-31.62262481951,1577721,0131,100
Cash Flow from Ops. 0001,8751,6061,8432,3403,6041,9322,252-
Debt/CF from Ops. 0004.34.53.22.511.61.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA9.6%11.9%20%
Adj EPS NANA75%31.2%
BVPSNANA16%-2.6%
Share Price - 12.2% 8.1% -2.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
000-0.32.32.41.89.95.46.46.9
Op. Profit
Mgn %
00025.623.720.521.827.321.517.118.8
Net Profit
Mgn %
000-0.62.63.12.211.67.17.87.7
Debt to
Equity
0002.720.60.60.30.20.2-
Working Cap
Days
0000123131116128889094
Cash Conv.
Cycle
0000617172161236

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.86%

Net Profit is growing at healthy rate in last 3 years 74.96%

Return on Equity has declined versus last 3 years average to 6.90%

Sales growth is not so good in last 4 quarters at 9.70%

Latest Financials - Dalmia Bharat Ltd.

Standalone Consolidated
TTM EPS (₹) 10.1 58.7
TTM Sales (₹ Cr.) 132 14,285
BVPS (₹.) 426.9 867.9
Reserves (₹ Cr.) 7,969 16,239
P/BV 4.57 2.25
PE 192.62 33.27
From the Market
52 Week Low / High (₹) 1805.00 / 2428.85
All Time Low / High (₹) 406.00 / 2547.20
Market Cap (₹ Cr.) 36,598
Equity (₹ Cr.) 37.5
Face Value (₹) 2
Industry PE 41.8

Management X-Ray of Dalmia Bharat:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dalmia Bharat

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7,4478,5809,4849,67410,11011,28613,540
Operating Expenses 5,5536,5597,6567,5917,3488,91411,243
Manufacturing Costs1,5691,9872,4082,4012,3033,3824,612
Material Costs1,2571,5101,7851,7461,5431,4721,981
Employee Cost 591609648675659744771
Other Costs 2,1362,4532,8152,7692,8433,3163,879
Operating Profit 1,8942,0211,8282,0832,7622,3722,297
Operating Profit Margin (%) 25.4%23.6%19.3%21.5%27.3%21.0%17.0%
Other Income 296274368226204214157
Interest 856693561424318202234
Depreciation 1,2261,2131,2961,5281,2501,2351,305
Exceptional Items 0000-34-2-144
Profit Before Tax 1083893393571,3641,1521,325
Tax 7498-10119178315242
Profit After Tax 342913492381,1868371,083
PAT Margin (%) 0.5%3.4%3.7%2.5%11.7%7.4%8.0%
Adjusted EPS (₹)0.00.015.811.563.344.156.0
Dividend Payout Ratio (%)0%0%13%17%2%20%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,9633,66710,62510,55012,80416,04015,616
Share Capital 003939373737
Reserves 2,9633,66710,58610,51112,76716,00315,579
Minority Interest-29-3011253472116
Debt7,4876,3224,9234,7512,9112,1303,575
Long Term Debt6,2545,4594,0153,5052,0891,9223,210
Short Term Debt1,2338639081,246822208365
Trade Payables8909288778298998501,135
Others Liabilities 9,95110,4474,1024,7235,2385,5765,077
Total Liabilities 21,26221,33420,53820,87821,88624,66825,519

Fixed Assets

Gross Block17,83517,56518,31818,74420,92322,54724,372
Accumulated Depreciation2,3193,5284,7456,1897,2988,4129,589
Net Fixed Assets15,51614,03713,57312,55513,62514,13514,783
CWIP 1281735201,7401,0061,0451,871
Investments 2,7403,5052,4242,8164,0335,7043,524
Inventories6527791,0329747609451,316
Trade Receivables530564549664511673700
Cash Equivalents 175354469403247160285
Others Assets1,5211,9221,9711,7261,7042,0063,040
Total Assets 21,26221,33420,53820,87821,88624,66825,519

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1,8751,6061,8432,3403,6041,9322,252
PBT 1083893393571,3611,1621,321
Adjustment 1,8141,6621,6911,7731,4181,2611,022
Changes in Working Capital -28-359-163276781-515-77
Tax Paid -19-86-24-664424-14
Cash Flow From Investing Activity -139135187-1,760-301-1,043-2,326
Capex -392-393-926-1,345-1,027-1,756-2,701
Net Investments 168-1931,051-497732579298
Others 857216282-613477
Cash Flow From Financing Activity -1,749-1,564-2,067-594-3,375-942168
Net Proceeds from Shares 0440550
Net Proceeds from Borrowing -1,047-403-1,546-295-1,829-4651,007
Interest Paid -810-762-522-467-396-232-297
Dividend Paid 0-33-40-770-100-169
Others 108-37037245-1,155-150-373
Net Cash Flow -13177-37-14-72-5394
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.158.784.882.2510.165.86.84
ROCE (%)5.466.145.284.7310.187.598.09
Asset Turnover Ratio0.390.410.450.520.410.560.62
PAT to CFO Conversion(x)55.155.525.289.833.042.312.08
Working Capital Days
Receivable Days23232120241716
Inventory Days29303534362427
Payable Days258220185178204217183

Dalmia Bharat Ltd Stock News

Dalmia Bharat Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dalmia Bharat on 12-Apr-2024 16:59 is ₹1,951.4.
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 12-Apr-2024 16:59 the market cap of Dalmia Bharat stood at ₹36,598.
The latest P/E ratio of Dalmia Bharat as of 12-Apr-2024 16:59 is 192.6.
The latest P/B ratio of Dalmia Bharat as of 12-Apr-2024 16:59 is 4.57.
The 52-week high of Dalmia Bharat is ₹2,428.9 and the 52-week low is ₹1,805.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dalmia Bharat is ₹132.0 ( 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
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