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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Dalmia Bharat Ltd

About the Company - Dalmia Bharat Ltd

Dalmia Bharat Ltd. is a Public Limited Listed company incorporated on 12/07/2013 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L14200TN2013PLC112346 and registration number is 112346. Currently Company is involved in the business activities of Manufacture of portland cement, aluminous cement, slag cement and similar hydraulic cement. Company’s Total Operating Revenue is Rs. 135.00 Cr. and Equity Capital is Rs. 37.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
CementDalmiapuram, Lalgudi, Tiruchirapalli Dist. Tamil Nadu 621651investorrelations@dalmiabharat.com
https://www.dalmiabharat.com
Management
NamePosition Held
Mr. Pradip Kumar KhaitanChairman & Ind.Director
Mr. Gautam DalmiaManaging Director
Mr. Puneet Yadu DalmiaManaging Director & CEO
Mr. Yadu Hari DalmiaNon Executive Director
Dr. Niddodi Subrao RajanNon Executive Director
Mrs. Sudha PillaiIndependent Director
Mr. Virendra Singh JainIndependent Director

Basic Stock Data of Dalmia Bharat Ltd

Last Updated: May 30, 2024, 6:10 am

Market Cap 32,663 Cr.
Current Price 1,742
High / Low2,431/1,699
Stock P/E39.5
Book Value 874
Dividend Yield0.52 %
ROCE7.12 %
ROE5.16 %
Face Value 2.00
PEG Ratio1.07

Dalmia Bharat Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,3132,7373,1512,5872,5812,7343,3803,3022,9713,3553,9123,6243,149
Expenses1,6142,0522,3841,9201,9602,3232,6972,7132,5922,7113,2053,0142,560
Operating Profit699685767667621411683589379644707610589
OPM %30%25%24%26%24%15%20%18%13%19%18%17%19%
Other Income415039262662573933424275784
Interest739461605046454754696483101
Depreciation299326327297303302333312332325336399401
Profit before tax36831541833629412536226926292734185171
Tax %37%42%-53%29%31%28%25%24%-81%25%17%22%28%
Net Profit2321836392382039227120547218609144123
EPS in Rs12.369.7433.5112.1310.584.4914.2010.462.4510.8831.426.936.29

Dalmia Bharat Ltd Quarterly Chart

Dalmia Bharat Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7,4448,5799,4849,67410,11011,28613,54014,040
Expenses5,5506,5437,5427,5917,3408,85510,67011,490
Operating Profit1,8942,0361,9422,0832,7702,4312,8702,550
OPM %25%24%20%22%27%22%21%18%
Other Income296274235217145166-10610
Interest856708542415303202234317
Depreciation1,2261,2131,2961,5281,2501,2351,3051,461
Profit before tax1083893393571,3621,1601,3211,382
Tax %69%25%-3%33%13%27%18%
Net Profit442913492381,1838451,0791,094
EPS in Rs8,800.0058,400.0015.9611.6162.5843.5555.2155.52
Dividend Payout %0%0%13%17%2%20%16%

Dalmia Bharat Ltd Profit & Loss Yearly Chart

Dalmia Bharat Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:13%
TTM:9%
Compounded Profit Growth
10 Years:%
5 Years:33%
3 Years:-11%
TTM:-25%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:-1%
1 Year:-12%
Return on Equity
10 Years:%
5 Years:6%
3 Years:6%
Last Year:5%

Last Updated: May 14, 2024, 7:19 pm

Dalmia Bharat Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital00393937373738
Reserves2,9753,68110,60010,52212,77316,02415,59115,973
Borrowings8,0387,2665,8836,0493,8393,1763,8555,399
Other Liabilities10,24910,3874,0164,2685,2375,4316,0365,854
Total Liabilities21,26221,33420,53820,87821,88624,66825,51927,264
Fixed Assets15,51614,03713,57312,55513,62614,14714,79615,355
CWIP1281735201,7401,0061,0341,8591,852
Investments2,7403,5052,4242,8164,0335,7043,5244,716
Other Assets2,8783,6194,0213,7673,2213,7835,3405,341
Total Assets21,26221,33420,53820,87821,88624,66825,51927,264

Dalmia Bharat Ltd Reserves and Borrowings Chart

Dalmia Bharat Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,8751,6061,8432,3403,6041,9322,252
Cash from Investing Activity -139135189-1,760-300-1,045-2,326
Cash from Financing Activity -1,749-1,564-2,067-594-3,375-942168
Net Cash Flow-13177-35-14-71-5594

Dalmia Bharat Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days2624212518221921
Inventory Days189186211204180234242164
Days Payable258223179173213211209178
Cash Conversion Cycle-43-135355-1445528
Working Capital Days-29-26-25-37-24-21-1875
ROCE %6%4%4%10%7%8%

Dalmia Bharat Ltd Financial Efficiency Indicators Chart

Dalmia Bharat Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters56.07%55.97%55.97%55.97%55.97%55.90%55.90%55.87%55.86%55.86%55.86%55.85%
FIIs13.53%13.46%13.14%13.77%13.46%12.63%12.59%12.37%12.43%12.87%13.91%14.13%
DIIs3.93%4.96%5.72%6.00%6.49%7.07%7.26%8.14%8.13%8.53%8.82%9.42%
Government0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.13%0.13%0.13%0.13%0.13%
Public26.40%25.53%25.10%24.18%24.01%24.33%24.18%23.49%23.45%22.59%21.29%20.46%
No. of Shareholders29,72331,52936,25649,15757,93862,64766,29862,93559,63657,07251,46648,927

Dalmia Bharat Ltd Shareholding Pattern Chart

No. of Dalmia Bharat Ltd Shareholders

Dalmia Bharat Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Growth Fund1,635,0691.8344.06
Sundaram Mid Cap Fund897,0622.46215.69
Sundaram Mid Cap Fund - Institutional Plan897,0622.46215.69
ICICI Prudential MidCap Fund507,9622.78122.13
HSBC Midcap Fund426,4321.1289.73
Sundaram Large and Mid Cap Fund250,0001.0960.11
UTI Nifty200 Momentum 30 Index Fund212,6061.9351.12
UTI Large & Mid Cap Fund206,1772.4849.57
Invesco India Arbitrage Fund219,5000.5346.19
ICICI Prudential Commodities Fund182,3813.3143.85

Dalmia Bharat Ltd ROCE Trend

Dalmia Bharat Ltd EPS Trend

Dalmia Bharat Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)55.2261.8465.6511.6115.97
Diluted EPS (Rs.)55.1961.8465.5511.5815.95
Cash EPS (Rs.)98.92129.95135.4190.5684.36
Book Value[Excl.RevalReserv]/Share (Rs.)851.03851.84684.49542.87546.15
Book Value[Incl.RevalReserv]/Share (Rs.)851.03851.84684.49542.87546.15
Revenue From Operations / Share (Rs.)731.89610.05568.76496.10486.36
PBDIT / Share (Rs.)132.65139.78160.70117.95112.10
PBIT / Share (Rs.)62.1172.9792.4939.5945.64
PBT / Share (Rs.)41.6861.9576.1118.3117.38
Net Profit / Share (Rs.)28.3863.1367.1912.2117.90
NP After MI And SOA / Share (Rs.)55.9561.8466.5411.4915.79
PBDIT Margin (%)18.1222.9128.2523.7723.04
PBIT Margin (%)8.4811.9616.267.989.38
PBT Margin (%)5.6910.1513.383.693.57
Net Profit Margin (%)3.8710.3411.812.463.67
NP After MI And SOA Margin (%)7.6410.1311.692.313.24
Return on Networth / Equity (%)6.627.299.742.122.89
Return on Capital Employeed (%)5.446.7110.154.885.44
Return On Assets (%)4.054.595.641.081.49
Long Term Debt / Equity (X)0.200.120.160.330.37
Total Debt / Equity (X)0.230.190.230.440.46
Asset Turnover Ratio (%)0.010.010.010.010.01
Current Ratio (X)1.651.571.311.181.29
Quick Ratio (X)1.351.381.120.971.05
Dividend Payout Ratio (NP) (%)16.320.000.0034.3710.71
Dividend Payout Ratio (CP) (%)7.220.000.004.392.05
Earning Retention Ratio (%)83.680.000.0065.6389.29
Cash Earning Retention Ratio (%)92.780.000.0095.6197.95
Interest Coverage Ratio (X)10.4912.809.815.543.97
Interest Coverage Ratio (Post Tax) (X)3.886.755.101.571.63
Enterprise Value (Cr.)39904.2330682.9532013.4313908.5023767.08
EV / Net Operating Revenue (X)2.952.723.041.442.51
EV / EBITDA (X)16.2611.8710.776.0510.87
MarketCap / Net Operating Revenue (X)2.682.452.790.982.04
Retention Ratios (%)83.670.000.0065.6289.28
Price / BV (X)2.321.762.330.901.81
Price / Net Operating Revenue (X)2.682.452.790.982.04
EarningsYield0.020.040.040.020.01

Dalmia Bharat Ltd Profitability Ratios (%)

Dalmia Bharat Ltd Liquidity Ratios

Dalmia Bharat Ltd Liquidity Ratios (%)

Dalmia Bharat Ltd Interest Coverage Ratios (%)

Dalmia Bharat Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,790.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 2.79% compared to the current price ₹1742

Intrinsic Value: ₹2,448.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 40.57% compared to the current price ₹1742

Last 5 Year EPS CAGR: 36.75%

*Investments are subject to market risks

Strength and Weakness of Dalmia Bharat Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -13.13, which is a positive sign.
  2. The company has higher reserves (11,017.38 cr) compared to borrowings (5,438.13 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (10.13 cr) and profit (149.63 cr) over the years.
  1. The stock has a low average ROCE of 4.88%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 17.88, which may not be favorable.

FAQ

What is the latest fair value of Dalmia Bharat Ltd?

The latest fair value of Dalmia Bharat Ltd is ₹1790.65.

What is the Market Cap of Dalmia Bharat Ltd?

The Market Cap of Dalmia Bharat Ltd is 32,663 Cr..

What is the current Stock Price of Dalmia Bharat Ltd as on 18 May 2024?

The current stock price of Dalmia Bharat Ltd as on 18 May 2024 is 1,742.

What is the High / Low of Dalmia Bharat Ltd stocks in FY 2024?

In FY 2024, the High / Low of Dalmia Bharat Ltd stocks is ₹2,431/1,699.

What is the Stock P/E of Dalmia Bharat Ltd?

The Stock P/E of Dalmia Bharat Ltd is 39.5.

What is the Book Value of Dalmia Bharat Ltd?

The Book Value of Dalmia Bharat Ltd is 874.

What is the Dividend Yield of Dalmia Bharat Ltd?

The Dividend Yield of Dalmia Bharat Ltd is 0.52 %.

What is the ROCE of Dalmia Bharat Ltd?

The ROCE of Dalmia Bharat Ltd is 7.12 %.

What is the ROE of Dalmia Bharat Ltd?

The ROE of Dalmia Bharat Ltd is 5.16 %.

What is the Face Value of Dalmia Bharat Ltd?

The Face Value of Dalmia Bharat Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Dalmia Bharat Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE