Durability score
45 /100
Valuation score
0 /100
Momentum score
47.1 /100
Market Capitalizati...
21,154.4 Cr.
AVG Broker Target
2,875
PE TTM Price to Ear...
41.9
Dalmia Bharat Ltd.(Old)    
11 Aug 2019
Business Standard
The company's June quarter performance was good despite soft volume growth on demand woes
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Dalmia Bharat Ltd.(O.. has an average target of 2875.00 from 4 brokers.
Dalmia Bharat Ltd.(Old)    
05 Aug 2019
HDFC Securities
We retain BUY on Dalmia Bharat with a TP of Rs 1,470 (12x FY21 consolidated EBITDA). We continue to like Dalmia for its high op margin (of Rs 1,000/MT+ on strong cost controls), expanding regional presence (all India ex-north) and fast growth at prudent cost (capex < USD 70/MT). We value Dalmia at 12x its FY21E consolidated EBITDA (implied EV of USD 143/MT). The stock trades at attractive valuations of 8.3x FY21E EBIITDA and at EV of USD 99/MT.
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Dalmia Bharat Ltd.(O.. has an average target of 2875.00 from 4 brokers.
Dalmia Bharat Ltd.(Old)    
05 Aug 2019
Geojit BNP Paribas
Q1FY20 revenue grew by 8%YoY supported by 7.8%YoY growth in blended realisation while volume growth was flat due to election. EBITDA per ton improved to Rs1,464 Vs Rs1,160 YoY supported by better realisation and reduction in costs. Raw material, fuel and freight costs have softened during the quarter. DBL has received NCLT approval for its Resolution Plan for the acquisition of Murli Industries (3.1MT in Maharashtra). The recent acquisition (Kalyanpur cement-1.1MT) saw a capacity utilisation of 45% in Q1FY20. Expansion of ~7.8MT in East is on track. 50% of grinding capacity is...
HDFC Securities released a Buy report for Dalmia Bharat Ltd.(Old) on 05 Aug, 2019.
Dalmia Bharat Ltd.(Old)    
14 May 2019
HDFC Securities
We like Dalmia for its high op margin (of Rs 1,000/MT+ on strong cost control), expanding regional presence (all India ex northern region) and fast growth at prudent cost (from 25mn MT in FY18 to 37mn MT in FY22E at capex rate of below USD 70/MT). We value Dalmia at 12x FY21 consolidated EBITDA (implied EV of USD 138/MT). We recommend BUY on Dalmia Bharat with a TP of Rs 1,450 (12x FY21 consolidated EBITDA). In 4QFY19, Dalmia sustained its superior margin (EBITDA at Rs 1,092/MT, despite high energy costs and lower incentives YoY). The co also continued to pare off debt, despite large capex.
Dalmia Bharat Ltd.(O.. has an average target of 2875.00 from 4 brokers.
Dalmia Bharat Ltd.(Old)    
14 May 2019
Geojit BNP Paribas
Steady volume growth with recovery in margins Dalmia Bharat Ltd (DBL) is the fourth largest cement company in India with a capacity of ~26.1MT, focusing in South with 13.2MT and East &...
HDFC Securities released a Buy report for Dalmia Bharat Ltd.(Old) on 05 Aug, 2019.
Dalmia Bharat Ltd.(Old)    
13 May 2019
Economic Times
Shyam and Hari Bhartia of Jubilant Bhartia group, Rakesh Mittal of Bharti Enterprises, Puneet Dalmia of Dalmia Bharat Group and many more were present.
Dalmia Bharat Ltd.(O.. has an average target of 2875.00 from 4 brokers.
Dalmia Bharat Ltd.(Old)    
10 May 2019
Business Today
Dalmia Bharat had posted a net profit of Rs 124 crore in the January-March quarter a year ago
Dalmia Bharat Ltd.(Old)    
10 May 2019
Nirmal Bang Institutional
Dalmia Bharat Enterprises (DBEL) which has been re-named and re-listed from Odisha Cement earlier, reported a steady 4QFY19 operating performance, (better than expectation). Volume growth was ~7% YoY at 5.57mnmt (above our estimate of 5.43mnmt). Though grey cement realisation (unadjusted to incentive income) declined ~2.0% YoY to Rs4,743/tn cost inflation was flat at Rs3,937/tn. EBITDA increased 10.0% YoY to Rs6.5bn. Overall revenues grew ~8% YoY to ~Rs28.4bn. Operating cost control came largely because of savings in other expenditure and logistic costs, but higher raw material costs largely offset the benefits. Effectively, EBITDA/tn remained flat (marginal fall of 1.5%YoY) at Rs1,117 compared with Rs1,133 in 4QFY18. Following...
HDFC Securities released a Buy report for Dalmia Bharat Ltd.(Old) on 05 Aug, 2019.
Dalmia Bharat Ltd.(Old)    
11 Feb 2019
Nirmal Bang Institutional
Weak Operating Performance As Expected; Stock Under Review Dalmia Bharat Enterprises (DBEL), renamed and listed as Odisha Cement, reported a 3QFY19 weak operating performance, in line with expectations. Volume growth was ~8% YoY at 4.47mnmt (below our estimate of 4.65mnmt). Grey cement realisation (unadjusted to incentive income) declined ~2.4% YoY to Rs4,866/tn and cost inflation was ~3.3% YoY at Rs4,016/tn which pulled EBITDA down by 16.5% YoY to Rs3.8bn. Overall revenues grew ~just over 5% YoY to ~Rs21.8bn. Operating costs were high because of overall inflated cost structure contributed by energy & logistic costs, higher raw material costs and other...
HDFC Securities released a Buy report for Dalmia Bharat Ltd.(Old) on 05 Aug, 2019.
Dalmia Bharat Ltd.(Old)    
03 Dec 2018
Business Line
The Cement and Manufacturers' Association on Monday appointed Dalmia Cement (Bharat) MD and CEO Mahendra Singhi as its new President.Singhi on the app
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Dalmia Bharat Ltd.(O.. has an average target of 2875.00 from 4 brokers.
  • HDFC Securities released a Buy report for Dalmia Bharat Ltd.(Old) on 05 Aug, 2019.
  • Stock Price (2525.0) crossed above 150 Day SMA (2489.11) on 28 November, 2018
  • Month Change by 20.24% (Crossed threshold 20%) on 21 November, 2018
  • Stock Price (2540.05) crossed below 50 Day SMA (2566.65) on 19 September, 2018
  • Stock Price (2560.00) crossed below 30 Day SMA (2630.76) on 18 September, 2018
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Sept. 12, 20172.20FINAL-
March 22, 20162.00INTERIMMarch 23, 2016
Sept. 22, 20151.50FINAL-
Aug. 22, 20142.00FINAL-
Aug. 14, 20132.00FINAL-
All dividends by DALMIABHA