|
17 Sep 2025 |
Dalmia Bharat
|
Consensus Share Price Target
|
2476.20 |
2345.06 |
- |
-5.30 |
buy
|
|
|
|
|
03 Nov 2022
|
Dalmia Bharat
|
Motilal Oswal
|
2476.20
|
2000.00
|
1742.50
(42.11%)
|
Target met |
Buy
|
|
|
|
|
13 Sep 2022
|
Dalmia Bharat
|
Geojit BNP Paribas
|
2476.20
|
1950.00
|
1687.15
(46.77%)
|
Target met |
Accumulate
|
|
|
|
|
08 Aug 2022
|
Dalmia Bharat
|
Prabhudas Lilladhar
|
2476.20
|
1827.00
|
1557.70
(58.97%)
|
Target met |
Accumulate
|
|
|
|
|
05 Aug 2022
|
Dalmia Bharat
|
ICICI Securities Limited
|
2476.20
|
1750.00
|
1561.85
(58.54%)
|
Target met |
Accumulate
|
|
|
Dalmia Bharat’s (DALBHARA) Q1FY23 EBITDA at Rs5.9bn (down 16% YoY) was marginally ahead of our / consensus expectations. EBITDA/te declined 34%/10% YoY/QoQ to Rs941 as realisation was flat YoY and up 3% QoQ against 13%/6% YoY/QoQ increase in unit total costs.
|
|
17 Jun 2022
|
Dalmia Bharat
|
Axis Direct
|
2476.20
|
1635.00
|
1259.40
(96.62%)
|
Target met |
Buy
|
|
|
We value the company at 10x FY24E EV/EBITDA to arrive at a target price of Rs 1,635/share implying an upside potential of 30% from the CMP and maintain our BUY rating on the stock.
|
|
16 May 2022
|
Dalmia Bharat
|
Geojit BNP Paribas
|
2476.20
|
1620.00
|
1399.50
(76.93%)
|
Target met |
Accumulate
|
|
|
|
|
12 May 2022
|
Dalmia Bharat
|
Emkay
|
2476.20
|
1615.00
|
1422.20
(74.11%)
|
Target met |
Hold
|
|
|
|
|
11 May 2022
|
Dalmia Bharat
|
Prabhudas Lilladhar
|
2476.20
|
1755.00
|
1405.50
(76.18%)
|
Target met |
Accumulate
|
|
|
|
|
10 May 2022
|
Dalmia Bharat
|
Motilal Oswal
|
2476.20
|
1915.00
|
1447.00
(71.13%)
|
Target met |
Buy
|
|
|
|
|
18 Apr 2022
|
Dalmia Bharat
|
Motilal Oswal
|
2476.20
|
2000.00
|
1573.05
(57.41%)
|
Target met |
Buy
|
|
|
Cement prices declined by 15% over Apr-Dec'21 in East India. However, prices rose 14% over Jan-Mar'22, with further price increase of 7-8% in Apr'22. The region witnessed increasing consolidation after the acquisition of Emami Cement by Nuvoco. The higher consolidation will help improve pricing power in the region in the medium term. Capacity share of the top five players in the region now stands at 72% v/s 63% in FY20....
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