Dalmia Bharat Ltd.
NSE: DALBHARATDalmia Bharat Ltd.: A 30-second snapshot
Dalmia Bharat is a large-cap Indian cement manufacturer trading at 1748.2, down 18.4% over the past 12 months and 30.0% below its 52-week high. The stock is priced below both its 50-DMA (1863.66) and 200-DMA (2079.59), and carries the highest debt-to-equity ratio (40.87) in its 6-peer cement set alongside a 5-year earnings CAGR of -10.8%.
P/E
28.7
Forward P/E
22.8
ROE
+6.5%
Debt / Equity
40.87
Profit Margin
+7.7%
Div. Yield
+0.6%
5Y ROE > 15%
0/5
5Y FCF > 0
1/5
Quality
34/100
News
8 headlines · 0 positive · 0 negative
Dalmia Bharat Ltd Sees Significant Open Interest Surge Amid Bullish Momentum - Markets Mojo
Markets Mojo
Dalmia Bharat Ltd Sees Sharp Open Interest Surge Amid Rising Market Momentum - Markets Mojo
Markets Mojo
Dalmia Bharat Ltd Sees Sharp Open Interest Surge Amid Rising Market Momentum - Markets Mojo
Markets Mojo
Dalmia Bharat Ltd Sees Significant Open Interest Surge Amid Positive Price Momentum - Markets Mojo
Markets Mojo
Dalmia Bharat Ltd Sees Significant Open Interest Surge Amid Price Weakness - Markets Mojo
Markets Mojo
Recent context
- ·Recent news flow consists of 8 articles all from Markets Mojo, each reporting open-interest surge events classified as neutral; no earnings announcements, management guidance updates, or capacity expansion news appear in the tracked period.
- ·The forward PE of 22.8x versus trailing PE of 28.7x implies the analyst community is modeling earnings recovery in the near-term cycle, though the 5-year earnings trend has been negative at -10.8% CAGR.
- ·Nearest technical support levels are 1717.3 and 1675.1, representing approximately 1.8% and 4.2% below current price respectively; resistance is clustered at 1940 to 2007, approximately 11-15% above current price.
Strengths
- +Forward PE of 22.8x represents a meaningful compression from the trailing PE of 28.7x, suggesting earnings expectations have shifted materially relative to the current cycle.
- +Mean analyst rating of 1.91 across 34 analysts on a 1-5 scale (lower = more constructive), representing one of the broader cement coverage pools tracked in the sector.
- +PE of 28.7x sits below sector peers SHREECEM (51.9x), GRASIM (42.5x), and ULTRACEMCO (40.4x), indicating Dalmia trades at a relative valuation discount to the larger-cap names.
- +Dividend yield of 0.57% provides an income component alongside the capital markets exposure.
Weaknesses
- −5-year earnings CAGR of -10.8% combined with FCF positive in only 1 of tracked years and a consistency score of 0 reflects persistent deterioration in profitability and cash generation across the business cycle.
- −Debt-to-equity of 40.87 is the highest in the 6-peer cement set and trending upward; ROE of 6.5% has not crossed 15% in any tracked year, meaning the business generates thin returns against a heavy and growing debt load.
- −Quality score of 27 ranks last among 6 cement peers, below SHREECEM (39), AMBUJACEM (32), ACC (32), ULTRACEMCO (31), and GRASIM (25); ROE ranks 4th of 4 among peers with available data.
- −Price is 15.9% below the 200-DMA (2079.59) and 30.0% below the 52-week high; the stock has underperformed over both the 12-month (-18.4%) and 3-month (-16.4%) windows.
Open questions
- ?Does the rising debt-to-equity (40.87, highest in peer set) reflect capacity investment that will translate into revenue growth, or does it represent refinancing of existing obligations?
- ?How has Dalmia Bharat's cement realization per tonne and operating cost structure changed over the past 5 years relative to peers like UltraTech and Ambuja, given the -10.8% earnings CAGR?
- ?What specific change in the cost or pricing environment would be required to bring ROE above the 15% threshold that it has not reached in any tracked year?
- ?Given that forward PE (22.8x) implies earnings recovery while FCF has been positive in only 1 tracked year, what assumptions underpin the analyst consensus earnings estimates for the next 12 months?
Peer comparison: Cement
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| DALBHARAT | Dalmia Bharat Ltd.You're viewing | 28.7 | +6.5% | 27 |
| Industry avg | across 5 peers | 33.9 | +9.0% | 32 |
| SHREECEM | Shree Cement Ltd. | 51.9 | — | 39 |
| AMBUJACEM | Ambuja Cements Ltd. | 22.9 | +8.3% | 32 |
| ACC | ACC Ltd. | 12.0 | +10.9% | 32 |
| ULTRACEMCO | UltraTech Cement Ltd. | 40.4 | +10.6% | 31 |
| GRASIM | Grasim Industries Ltd. | 42.5 | +6.3% | 25 |
Technical state
Current price
₹1,748.20
SMA 50
₹1,863.66
SMA 200
₹2,079.59
RSI (14)
40.1 (neutral)
From 52w high
-30.0%
1Y return
-18.4%
3M return
-16.4%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year earnings CAGR of -10.8% with FCF positive in only 1 of tracked years; consistency score is 0 and ROE of 6.5% has not crossed 15% in any tracked year, indicating persistent profit and cash-generation erosion across the cycle.
- highDebt-to-equity of 40.87 is the highest among the 6-peer cement set and the debt trend is rising; with ROE at 6.5%, the return on capital is insufficient relative to the leverage carried.
- mediumPrice at 1748.2 is 6.2% below the 50-DMA (1863.66) and 15.9% below the 200-DMA (2079.59); stock has been below both moving averages with a 52-week drawdown of -30.0%. Nearest support at 1717.3.
- mediumQuality score of 27 ranks last (5th of 6) among cement peers; ROE ranks 4th of 4 peers with available data; 5-year revenue CAGR of 3.8% trails larger peers UltraTech (quality score 31) and SHREECEM (39).
- lowNews sample is limited to 8 articles, all from a single source (Markets Mojo) and all classified neutral; concentration in one source and zero negative or positive signals limits the informational value of sentiment data.
Cross-section contradictions
- Mean analyst rating of 1.91 across 34 analysts (1-5 scale, lower = more constructive) reflects a relatively constructive coverage stance, yet the stock is down 18.4% over 12 months and 16.4% over 3 months, the quality score ranks last among 6 peers, and FCF has been positive in only 1 tracked year -- analyst tone and structural financial data point in opposite directions.
- PE of 28.7x is above sector peers ACC (12.0x) and Ambuja (22.9x) despite ranking last on quality score and 4th on ROE among the same peer set -- valuation premium persists against a comparatively weaker fundamental profile.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days