NSE: DALBHARAT | BSE: 542216

Mid-range Performer

Download real time

1993.00 -68.10 (-3.30%)

885.1K NSE+BSE Volume

High volume today

NSE 27 Feb, 2026 3:31 PM (IST)

37,381.9

Market Cap

High in industry

Beta 1Year

Very Low volatility

Dalmia Bharat Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DALBHARAT, BSE:542216 Dalmia Bharat Ltd.

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Dalmia Bharat Ltd.

12 Feb 2026

1993.00

-3.30%

Growth visibility improves; volume ramp-up to unlock value

Buy: Dalmia Bharat Ltd.

Motilal Oswal

We recently met with Dalmia Bharat’s (DALBHARA) management to understand current industry demand, pricing environment and the company’s growth plans. Management noted that overall cement demand momentum is strong.

Dalmia Bharat Ltd. is trading at high day volume of 776.0K.

Dalmia Bharat Ltd.

05 Feb 2026

1993.00

-3.30%

DALMIA BHARAT LIMITED

Buy: Dalmia Bharat Ltd.

Target

Geojit BNP Paribas

Renewable energy (RE) usage improved meaningfully, with RE share at 48% and total The 3.6MTPA Umrangso clinker line commenced commercial operations in January 2026, while the Belgaum, Pune and Kadapa projects continue to progress as scheduled....

Motilal Oswal released a Buy report for Dalmia Bharat Ltd. with a price target of 2570.0 on 12 Feb, 2026.

Dalmia Bharat Ltd.

22 Jan 2026

1993.00

-3.30%

BP Equities Q3FY26 Result Update Dalmia Bharat Ltd

Results Update: Dalmia Bharat Ltd.

BP Wealth

Dalmia Bharat Ltd. has an average target of 2417.75 from 9 brokers.

Dalmia Bharat Ltd.

22 Jan 2026

1993.00

-3.30%

Dalmia Bharat

Buy: Dalmia Bharat Ltd.

ICICI Direct

EBITDA per ton to improve led by cost efficiency measures: Company's EBITDA/ton stood at Rs 1029/ton in 9MFY26, up ~33% YoY led by overall improvement in cost structure. Going ahead, we expect company's EBITDA/ton to improve to 1340/ton by FY28E (vs 819/ton in FY25), driven by continuous focus on cost optimisation & positive operating leverage (led by healthy volume growth). The management reiterated on reducing Rs 150200/ton cost over the next 2 years (~4550/ton savings achieved so far). Operational efficiency initiatives include using cost-effective non-fossil fuels from alternate sources,...

Dalmia Bharat Ltd. has an average target of 2417.75 from 9 brokers.

Dalmia Bharat Ltd.

21 Jan 2026

1993.00

-3.30%

Strong volume growth; adjusted EBITDA below estimates

Buy: Dalmia Bharat Ltd.

Target

Motilal Oswal

Dalmia Bharat (DALBHARA)’s 3QFY26 earnings were below our estimates. EBITDA (adjusted for prior years' incentive of INR370m) grew ~11% YoY to INR5.7b (~8% miss). Adjusted EBITDA/t came at INR774 (up ~1% YoY; ~9% below our estimates).

Dalmia Bharat Ltd. has an average target of 2417.75 from 9 brokers.

Dalmia Bharat Ltd.

21 Jan 2026

1993.00

-3.30%

Dalmia Bharat (SELL): Steady quarterly show; long term challenges linger

Sell: Dalmia Bharat Ltd.

Target

BOB Capital Markets Ltd.

Revenue increased 9% YoY (2% QoQ) to Rs 35bn, as volume gains muted at 9%, despite south presence realisations listless at 1%+ YoY

Dalmia Bharat Ltd. is trading below all available SMAs

Dalmia Bharat Ltd.

24 Nov 2025

1993.00

-3.30%

DALMIA BHARAT LIMITED

Buy: Dalmia Bharat Ltd.

Target

Geojit BNP Paribas

Government initiatives, including GST rate reductions on key construction materials, serve as a major policy tailwind, improving cost dynamics and supporting demand recovery in the cement sector. Dalmia Bharat is focused on balancing margin and volume growth through a flexible market strategy. In line with its pan-India expansion vision, the company plans to scale its...

Dalmia Bharat Ltd. is trading at high day volume of 776.0K.

Dalmia Bharat Ltd.

23 Oct 2025

1993.00

-3.30%

BP Equities Q2FY26 Result Update Dalmia Bharat Ltd

Not Rated: Dalmia Bharat Ltd.

BP Wealth

Motilal Oswal released a Buy report for Dalmia Bharat Ltd. with a price target of 2570.0 on 12 Feb, 2026.

Dalmia Bharat Ltd.

20 Oct 2025

1993.00

-3.30%

Result Update:Dalmia Bharat

Buy: Dalmia Bharat Ltd.

Axis Direct

We maintain our BUY recommendation on the stock

Motilal Oswal released a Buy report for Dalmia Bharat Ltd. with a price target of 2570.0 on 12 Feb, 2026.

Dalmia Bharat Ltd.

20 Oct 2025

1993.00

-3.30%

Dalmia Bharat

Buy: Dalmia Bharat Ltd.

Target

ICICI Direct

Strategic capacity expansion and focus on profitability to lead growth: Sales volume was largely inline with expectations at 3% YoY in Q2FY26, as the company remained focused on profitability. Management reiterated that the focus will remain on profitable growth going forward and quality of sales through product mix and balancing strategy across micro-markets based on utilization and demand-supply dynamics. On the capacity addition front, the ongoing expansion at Belgaum (3 mtpa) and Pune (3 mtpa) are on track and expected by FY27E end. Further, the planned 6 mtpa expansion at Kadapa (AP)...

Motilal Oswal released a Buy report for Dalmia Bharat Ltd. with a price target of 2570.0 on 12 Feb, 2026.

VOTE: Is Dalmia Bharat Ltd. worth buying?

69 Votes:

Buy 84.06%

Sell 11.59%

Hold 4.35%

RESEARCH REPORTS

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Buy SEE REPORTS >

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