Dalmia Bharat Limited (DALBHARAT)
Large CapMaterials stocks · Large cap · NSE
Dalmia Bharat Limited operates in Cement, within the Materials 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 30 Jun 2026
Bad · 0/100PAT -51% YoY · margin compression · Rev +7% YoY
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,890 Cr | +7.0% | -8.4% |
| EBITDA | ₹805 Cr | -8.8% | -10.8% |
| Operating margin | 21.0% | -300 bps | +0 bps |
| PAT | ₹192 Cr | -51.4% | -51.3% |
| PAT margin | 4.9% | -592 bps | -434 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Issuer evidence available
Dalmia Bharat Limited operates in Cement, within the Materials 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 30 Jun 2026. Management claims from the latest issuer document are tracked in the accountability section below.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
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
47NeutralMACD −
Technical chart
DALBHARATdaily · 1Y · AUTO-9.3%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 37.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 37 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 30% off 52W high · 9% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 5.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.0%.
Valuation & score drivers
U-Score 25 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 25 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
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 7/15 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -457.5%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 2/30; 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: +1 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
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 63rd percentile of the scored universe and 53rd percentile within Materials. 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 · Materials: 53rd pctile, median 70 · Large: 41st pctile, median 73
109 documents have extracted text, 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%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 29.90
- P/B
- 1.82
- EV/EBITDA
- 9.15
- Market Cap
- 32811.00Cr
Profitability
- ROE
- 6.11%
- ROCE
- 7.59%
- ROA
- 2.87%
- Dividend Y
- 0.51%
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
- 5.79×
- Altman Z
- 2.99
- Book Value
- 959.00
Cash Flow
- FCF Yield
- 0.02%
- FCF Positive Y
- 8/5
- OCF
- 2278.00 Cr
- EPS TTM
- 49.73
Shareholding
- Promoter Hold
- 55.84%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Materials, ranked by similarity
Peers
Business-comparable names in Materials, ranked by similarity
Peers
Business-comparable peers in Materials — 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.