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10 Jul 2025 |
Dalmia Bharat
|
Consensus Share Price Target
|
2175.00 |
2076.38 |
- |
-4.53 |
buy
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26 Jun 2025
|
Dalmia Bharat
|
Prabhudas Lilladhar
|
2175.00
|
2273.00
|
2191.80
(-0.77%)
|
4.51 |
Accumulate
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|
Cement demand remains muted especially in the key Eastern region where demand is struggling over last 5 quarters. Despite regime change in Odisha and upcoming elections in West Bengal, demand remained muted in last few months. East region prices improved in Apr/May along with other regions by ~Rs20/bag and got cut by Rs5 in June due to early monsoon however current...
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17 Jun 2025
|
Dalmia Bharat
|
Axis Direct
|
2175.00
|
2360.00
|
2062.00
(5.48%)
|
8.51 |
Buy
|
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We reiterate our BUY recommendation with a Target Price of Rs 2360/share, offering an upside potential of 13% from the CMP.
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12 May 2025
|
Dalmia Bharat
|
Geojit BNP Paribas
|
2175.00
|
2212.00
|
1980.90
(9.80%)
|
Target met |
Buy
|
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29 Apr 2025
|
Dalmia Bharat
|
Sharekhan
|
2175.00
|
2300.00
|
1954.80
(11.26%)
|
5.75 |
Buy
|
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|
For Q4FY2025, Dalmia Bharat Limited’s (Dalmia) consolidated revenue of Rs. 4,091 crore (down 5.0% y-o-y) missed our estimate, primarily due to a 2.8% y-o-y decline in cement volumes (excluding JPA tolling volumes of 0.6 mt).
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28 Apr 2025
|
Dalmia Bharat
|
Asit C Mehta Investment Interrmediates
|
2175.00
|
2328.00
|
1965.90
(10.64%)
|
7.03 |
Buy
|
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|
We initiate coverage on Dalmia Bharat with a Buy Rating because of its reasonable valuation as compared to its peers, its leadership position in the high growth region like North-East, strong presence in South & East. Besides, its continuous expansion, improving financials and the company’s focus on being carbon negative will continue to drive growth.
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25 Apr 2025
|
Dalmia Bharat
|
Prabhudas Lilladhar
|
2175.00
|
2117.00
|
1965.90
(10.64%)
|
Target met |
Accumulate
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annually for DALBHARA (has 9.9mtpa cement capacity in TN). Dalmia Bharat (DALBHARA) reported a decent operating performance in Q4FY25, led by a sharp sequential volume recovery (28%) driven by government spending and pent-up demand post the festive season. Average NSR improved by just 1.1% QoQ, as the decline in prices in the Southern region price, which should aid H1FY26 earnings. Lower operating costs aided by...
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25 Apr 2025
|
Dalmia Bharat
|
Axis Direct
|
2175.00
|
2260.00
|
1965.90
(10.64%)
|
3.91 |
Buy
|
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|
We maintain our BUY recommendation on the stock.
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25 Apr 2025
|
Dalmia Bharat
|
BOB Capital Markets Ltd.
|
2175.00
|
1742.00
|
1965.90
(10.64%)
|
19.91 |
Sell
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Revenue declined by 5% YoY (+30% QoQ) to ~Rs 41bn, as volume growth stunted and realisations fell despite slower volume gains
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24 Apr 2025
|
Dalmia Bharat
|
Motilal Oswal
|
2175.00
|
2300.00
|
1974.10
(10.18%)
|
5.75 |
Buy
|
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|
Dalmia Bharat (DALBHARA)’s 4QFY25 EBITDA increased ~21% YoY to INR7.9b (6% miss, due to lower-than-estimated volume). EBITDA/t was up ~24% YoY at INR922 (est. INR946).
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04 Mar 2025
|
Dalmia Bharat
|
Axis Direct
|
2175.00
|
2180.00
|
1699.25
(28.00%)
|
Target met |
Buy
|
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|
We maintain our BUY rating on the stock
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28 Jan 2025
|
Dalmia Bharat
|
Geojit BNP Paribas
|
2175.00
|
2060.00
|
1813.20
(19.95%)
|
Target met |
Buy
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23 Jan 2025
|
Dalmia Bharat
|
Axis Direct
|
2175.00
|
2000.00
|
1828.35
(18.96%)
|
Target met |
Buy
|
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|
We maintain our BUY recommendation on the stock
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22 Jan 2025
|
Dalmia Bharat
|
Motilal Oswal
|
2175.00
|
2100.00
|
1799.05
(20.90%)
|
Target met |
Buy
|
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|
Dalmia Bharat (DALBHARA)’s 3QFY25 EBITDA declined 34% YoY to INR5.1b (11% miss due to lower-than-estimated volume and higher variable cost/t). EBITDA/t was down 33% YoY to INR767 (est. INR800).
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12 Dec 2024
|
Dalmia Bharat
|
BOB Capital Markets Ltd.
|
2175.00
|
1773.00
|
1935.25
(12.39%)
|
Target met |
Sell
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DALBHARA's presence in East and South India may be hit by excess supply; we factor in 1% price hikes in FY26/FY27 after a dent in FY25
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25 Nov 2024
|
Dalmia Bharat
|
Geojit BNP Paribas
|
2175.00
|
2080.00
|
1826.80
(19.06%)
|
Target met |
Buy
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22 Oct 2024
|
Dalmia Bharat
|
BOB Capital Markets Ltd.
|
2175.00
|
1816.00
|
1804.45
(20.54%)
|
Target met |
Hold
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Revenue declined by 2%/15% YoY/QoQ to ~Rs 31bn in Q2FY25 as focus returned to volume growth over guarding against declining realisations
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22 Oct 2024
|
Dalmia Bharat
|
Axis Direct
|
2175.00
|
2040.00
|
1804.45
(20.54%)
|
Target met |
Buy
|
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We maintain our BUY rating on the stock with a TP of Rs 2040/share, implying an upside of 11% from the CMP.
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21 Oct 2024
|
Dalmia Bharat
|
Prabhudas Lilladhar
|
2175.00
|
2073.00
|
1830.80
(18.80%)
|
Target met |
Accumulate
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21 Oct 2024
|
Dalmia Bharat
|
Motilal Oswal
|
2175.00
|
2250.00
|
1830.80
(18.80%)
|
3.45 |
Buy
|
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|
Dalmia Bharat (DALBHARA)’s 2QFY25 performance was weak as expected as its EBITDA declined 26% YoY to INR4.3b (5% miss) and EBITDA/t was down 32% YoY to INR650 (est. INR700).
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21 Oct 2024
|
Dalmia Bharat
|
Sharekhan
|
2175.00
|
2200.00
|
1830.80
(18.80%)
|
Target met |
Buy
|
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Management has reduced its volume growth guidance for FY2025 to 9% y-o-y from 12% y-o-y, anticipating lower industry growth rate, while it continues to eye volume growth of 1.5x that of industry growth.
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