Dalmia Bharat Ltd

NSE: DALBHARAT BSE: 542216

₹1591.30

-29.30 (1.81%)

Sun, 25 Oct 2026, 00:35 pm

MTF 5xInvest in Dalmia Bharat Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)29917.71

PE Ratio31.99

Dividend0.56

Non-Energy Minerals

Construction Materials

24.5K

Dalmia Bharat Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	0	0	-1.69B	-1.46B	-2.31B	-3.15B	-4.35B	-7.30B	-8.55B	-6.52B	-5.16B	-4.15B	-3.60B	-1.85B	-2.43B	-3.93B	-4.13B
Pretax equity in earnings	0	0	0	0	—	—	0	0	0	0	0	0	—	—	—	—	—
Equity in earnings	0	0	519.34M	144.30M	722.90M	487.70M	485.30M	0	0	0	0	70.00M	-10.00M	50.00M	5.54B	—	—
Total assets	13.84M	1.69M	55.31B	56.50B	81.86B	88.05B	145.65B	179.70B	212.62B	213.36B	205.38B	220.79B	220.42B	246.91B	255.43B	277.49B	302.26B
Total current assets	620.40K	1.69M	11.01B	11.24B	15.63B	16.93B	41.39B	44.42B	47.76B	61.62B	54.04B	59.36B	60.60B	75.12B	73.50B	78.56B	83.29B
Cash and short term investments	611.02K	618.94K	4.54B	4.98B	6.61B	6.38B	21.11B	27.96B	28.16B	37.62B	27.84B	31.01B	35.40B	45.59B	32.20B	44.54B	46.02B
Cash & equivalents	24.87K	32.79K	2.83B	623.40M	781.30M	843.90M	5.28B	1.89B	1.45B	3.31B	2.84B	2.70B	2.00B	1.45B	2.39B	3.46B	1.54B
Short term investments	586.16K	586.16K	1.71B	4.35B	5.83B	5.54B	15.83B	26.06B	26.71B	34.31B	25.00B	28.31B	33.40B	44.14B	29.81B	41.08B	44.48B
Total receivables, net	0	1.06M	2.63B	3.42B	4.91B	5.69B	10.68B	6.69B	10.08B	12.91B	11.90B	13.79B	11.82B	13.11B	13.39B	14.79B	15.19B
Accounts receivable - trade, net	—	—	1.01B	1.35B	2.42B	2.78B	5.10B	5.10B	5.30B	5.24B	5.49B	6.64B	5.11B	6.73B	7.00B	8.36B	8.89B
Other receivables	—	—	1.63B	2.06B	2.49B	2.91B	5.57B	1.59B	4.78B	7.67B	6.41B	7.15B	6.71B	6.38B	6.39B	6.43B	6.30B
Total inventory	0	0	3.10B	2.61B	3.52B	3.31B	7.29B	6.98B	6.52B	7.79B	10.32B	11.44B	9.34B	12.82B	16.13B	15.87B	16.85B
Other current assets, total	1.15K	0	727.26M	225.20M	450.70M	1.41B	2.10B	2.76B	2.81B	3.19B	3.86B	2.88B	3.79B	3.37B	11.43B	2.93B	4.73B
Total non-current assets	13.22M	0	44.30B	45.27B	66.24B	71.13B	104.26B	135.27B	164.86B	151.74B	151.34B	161.43B	159.82B	171.79B	181.93B	198.93B	218.97B
Long term investments	0	0	6.59B	8.41B	9.79B	8.15B	2.96B	4.58B	5.53B	6.92B	5.15B	3.21B	8.43B	14.02B	7.29B	7.84B	10.12B
Note receivable - long term	0	0	—	786.60M	2.75B	1.01B	1.29B	3.41B	4.35B	5.19B	3.46B	1.82B	930.00M	910.00M	1.32B	1.85B	2.53B
Investments in unconsolidated subsidiaries	0	0	4.50B	4.54B	5.15B	5.76B	38.30M	3.20M	0	0	40.00M	40.00M	1.54B	3.85B	20.00M	20.00M	20.00M
Other investments	0	0	2.09B	3.08B	1.89B	1.38B	1.64B	1.17B	1.18B	1.73B	1.65B	1.35B	5.96B	9.26B	5.95B	5.97B	7.57B
Net property/plant/equipment	13.22M	0	37.27B	35.47B	48.02B	54.93B	77.30B	100.49B	96.97B	94.00B	99.36B	104.82B	110.51B	119.52B	139.30B	157.18B	176.85B
Gross property/plant/equipment	—	—	39.10B	39.10B	55.24B	64.55B	102.89B	106.39B	108.77B	112.22B	124.20B	138.27B	151.13B	167.67B	195.73B	222.11B	250.46B
Deferred tax assets	—	—	183.66M	61.80M	66.70M	54.90M	1.01B	677.40M	—	—	—	12.01B	1.56B	230.00M	240.00M	370.00M	550.00M
Net intangible assets	0	0	253.33M	238.80M	4.11B	4.73B	19.72B	27.12B	60.66B	49.12B	45.06B	40.06B	37.54B	35.00B	31.85B	29.49B	26.70B
Goodwill, net	0	0	220.43M	220.40M	4.05B	4.69B	19.64B	26.95B	29.06B	19.01B	16.20B	12.18B	10.11B	9.33B	7.31B	5.27B	3.74B
Other intangibles, net	0	0	32.90M	18.40M	56.00M	40.90M	75.70M	171.90M	31.60B	30.11B	28.86B	27.88B	27.43B	25.67B	24.54B	24.22B	22.96B
Other long term assets, total	0	0	—	936.50M	2.24B	2.53B	1.86B	2.68B	1.70B	1.70B	1.77B	1.18B	1.71B	2.95B	3.16B	3.94B	4.36B
Short term debt	0	0	266.54M	3.27B	4.41B	7.23B	12.57B	12.38B	17.85B	18.07B	18.63B	24.85B	16.49B	12.14B	5.56B	2.35B	7.02B
Current portion of LT debt and capital leases	0	0	1.99M	1.02B	1.48B	1.92B	5.75B	3.87B	5.52B	9.44B	9.55B	12.39B	8.27B	5.10B	1.91B	2.21B	2.48B
Short term debt excl. current portion of LT debt	0	0	264.55M	2.25B	2.92B	5.31B	6.82B	8.51B	12.33B	8.63B	9.08B	12.46B	8.22B	7.04B	3.65B	140.00M	4.54B
Accounts payable	6.62K	6.62K	2.54B	1.51B	3.26B	3.79B	7.48B	8.57B	8.90B	9.33B	8.77B	8.29B	9.45B	8.55B	11.35B	13.16B	15.39B
Income tax payable	3.30K	201.30K	11.93M	200.00K	116.80M	121.90M	102.60M	1.44B	20.00M	20.00M	510.00M	770.00M	480.00M	2.53B	2.71B	2.43B	1.54B
Long term debt	13.34M	0	19.03B	15.02B	29.90B	35.51B	72.23B	75.19B	62.54B	54.59B	40.15B	35.64B	21.90B	19.62B	32.99B	45.70B	50.00B
Long term debt excl. lease liabilities	13.34M	0	19.03B	15.02B	29.90B	35.51B	72.23B	75.16B	62.51B	54.56B	40.13B	35.64B	21.90B	19.62B	32.99B	45.70B	50.00B
Total equity	482.92K	1.48M	31.87B	33.19B	35.85B	35.40B	38.17B	51.15B	96.00B	103.05B	106.50B	105.86B	128.44B	161.33B	157.44B	165.07B	175.00B
Shareholders' equity	482.92K	1.48M	27.78B	28.92B	34.26B	34.63B	34.37B	49.58B	96.29B	103.35B	106.39B	105.61B	128.10B	160.61B	156.28B	163.97B	173.74B
Common equity, total	482.92K	1.48M	27.78B	28.91B	34.26B	34.63B	34.37B	49.58B	96.29B	103.35B	106.39B	105.61B	128.10B	160.61B	156.28B	163.97B	173.74B
Other common equity	0	980.63K	-2.60B	-1.47B	4.06B	1.16B	3.21B	3.54B	6.92B	10.47B	10.54B	6.47B	19.37B	38.77B	25.53B	26.14B	30.78B
Total debt	13.34M	0	19.30B	18.29B	34.31B	42.73B	84.80B	87.57B	80.39B	72.66B	58.78B	60.49B	38.39B	31.76B	38.55B	48.05B	57.02B
Net debt	12.73M	-618.94K	14.75B	—	27.70B	36.35B	63.69B	59.61B	52.23B	35.04B	30.94B	29.48B	2.99B	-13.83B	6.35B	3.51B	11.00B
Change in accounts receivable	3.81K	—	-95.99M	-1.42B	-2.29B	—	—	—	—	—	2.30B	1.27B	-250.00M	-1.68B	-300.00M	-1.36B	-660.00M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	-884.24M	366.60M	492.50M	—	—	—	740.00M	870.00M	1.73B	-70.00M	5.53B	290.00M	4.03B	3.05B	2.84B
Change in other assets/liabilities	-112	—	0	0	—	-1.09B	266.10M	2.92B	-1.16B	-4.21B	0	970.00M	1.80B	-1.66B	-790.00M	-2.21B	-2.64B
Sale of fixed assets & businesses	—	15.50M	36.92M	117.00M	343.80M	59.00M	18.40M	76.30M	240.00M	5.97B	50.00M	50.00M	80.00M	130.00M	80.00M	1.04B	380.00M
Purchase/sale of investments, net	—	—	203.58M	-5.09B	614.70M	259.70M	-6.04B	-8.07B	1.68B	-1.42B	10.32B	-4.97B	7.32B	5.79B	2.98B	-1.61B	2.20B
Sale/maturity of investments	—	—	203.58M	0	1.75B	472.20M	—	13.10M	1.68B	70.00M	11.93B	470.00M	7.32B	5.79B	3.31B	6.00B	2.74B
Purchase of investments	—	—	0	-5.09B	-1.14B	-212.50M	-6.04B	-8.08B	0	-1.49B	-1.61B	-5.44B	0	0	-330.00M	-7.61B	-540.00M
Other investing cash flow items, total	0	0	0	0	363.80M	-20.00M	160.00M	500.00M	0	0	0	70.00M	-580.00M	590.00M	0	0	0
Issuance/retirement of debt, net	0	-13.34M	-2.17B	-1.01B	5.75B	8.43B	34.98B	4.13B	-9.00B	-7.12B	-13.87B	120.00M	-25.34B	-5.80B	6.67B	8.89B	6.48B
Issuance/retirement of long term debt	0	-13.34M	-2.17B	-2.91B	7.82B	6.04B	34.34B	2.26B	-10.47B	-3.42B	-14.32B	-2.95B	-18.29B	-4.65B	10.07B	12.40B	2.06B
Issuance/retirement of short term debt	0	0	—	1.91B	-2.07B	2.39B	645.00M	1.86B	1.47B	-3.70B	450.00M	660.00M	-4.11B	-1.15B	-3.40B	-3.51B	4.42B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	2.41B	-2.94B	—	—	—	—
Total cash dividends paid	0	0	0	-115.90M	-139.90M	-159.00M	-208.60M	-534.40M	0	-330.00M	-400.00M	-930.00M	0	-1.00B	-1.69B	-1.69B	-1.69B
Other financing cash flow items, total	0	0	0	0	-23.20M	-86.90M	0	0	0	0	0	-30.00M	-760.00M	0	0	0	0

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	0	0	-1.69B	-1.46B	-2.31B	-3.15B	-4.35B	-7.30B	-8.55B	-6.52B	-5.16B	-4.15B	-3.60B	-1.85B	-2.43B	-3.93B	-4.13B
Pretax equity in earnings	0	0	0	0	—	—	0	0	0	0	0	0	—	—	—	—	—
Equity in earnings	0	0	519.34M	144.30M	722.90M	487.70M	485.30M	0	0	0	0	70.00M	-10.00M	50.00M	5.54B	—	—
Total assets	13.84M	1.69M	55.31B	56.50B	81.86B	88.05B	145.65B	179.70B	212.62B	213.36B	205.38B	220.79B	220.42B	246.91B	255.43B	277.49B	302.26B
Total current assets	620.40K	1.69M	11.01B	11.24B	15.63B	16.93B	41.39B	44.42B	47.76B	61.62B	54.04B	59.36B	60.60B	75.12B	73.50B	78.56B	83.29B
Cash and short term investments	611.02K	618.94K	4.54B	4.98B	6.61B	6.38B	21.11B	27.96B	28.16B	37.62B	27.84B	31.01B	35.40B	45.59B	32.20B	44.54B	46.02B
Cash & equivalents	24.87K	32.79K	2.83B	623.40M	781.30M	843.90M	5.28B	1.89B	1.45B	3.31B	2.84B	2.70B	2.00B	1.45B	2.39B	3.46B	1.54B
Short term investments	586.16K	586.16K	1.71B	4.35B	5.83B	5.54B	15.83B	26.06B	26.71B	34.31B	25.00B	28.31B	33.40B	44.14B	29.81B	41.08B	44.48B
Total receivables, net	0	1.06M	2.63B	3.42B	4.91B	5.69B	10.68B	6.69B	10.08B	12.91B	11.90B	13.79B	11.82B	13.11B	13.39B	14.79B	15.19B
Accounts receivable - trade, net	—	—	1.01B	1.35B	2.42B	2.78B	5.10B	5.10B	5.30B	5.24B	5.49B	6.64B	5.11B	6.73B	7.00B	8.36B	8.89B
Other receivables	—	—	1.63B	2.06B	2.49B	2.91B	5.57B	1.59B	4.78B	7.67B	6.41B	7.15B	6.71B	6.38B	6.39B	6.43B	6.30B
Total inventory	0	0	3.10B	2.61B	3.52B	3.31B	7.29B	6.98B	6.52B	7.79B	10.32B	11.44B	9.34B	12.82B	16.13B	15.87B	16.85B
Other current assets, total	1.15K	0	727.26M	225.20M	450.70M	1.41B	2.10B	2.76B	2.81B	3.19B	3.86B	2.88B	3.79B	3.37B	11.43B	2.93B	4.73B
Total non-current assets	13.22M	0	44.30B	45.27B	66.24B	71.13B	104.26B	135.27B	164.86B	151.74B	151.34B	161.43B	159.82B	171.79B	181.93B	198.93B	218.97B
Long term investments	0	0	6.59B	8.41B	9.79B	8.15B	2.96B	4.58B	5.53B	6.92B	5.15B	3.21B	8.43B	14.02B	7.29B	7.84B	10.12B
Note receivable - long term	0	0	—	786.60M	2.75B	1.01B	1.29B	3.41B	4.35B	5.19B	3.46B	1.82B	930.00M	910.00M	1.32B	1.85B	2.53B
Investments in unconsolidated subsidiaries	0	0	4.50B	4.54B	5.15B	5.76B	38.30M	3.20M	0	0	40.00M	40.00M	1.54B	3.85B	20.00M	20.00M	20.00M
Other investments	0	0	2.09B	3.08B	1.89B	1.38B	1.64B	1.17B	1.18B	1.73B	1.65B	1.35B	5.96B	9.26B	5.95B	5.97B	7.57B
Net property/plant/equipment	13.22M	0	37.27B	35.47B	48.02B	54.93B	77.30B	100.49B	96.97B	94.00B	99.36B	104.82B	110.51B	119.52B	139.30B	157.18B	176.85B
Gross property/plant/equipment	—	—	39.10B	39.10B	55.24B	64.55B	102.89B	106.39B	108.77B	112.22B	124.20B	138.27B	151.13B	167.67B	195.73B	222.11B	250.46B
Deferred tax assets	—	—	183.66M	61.80M	66.70M	54.90M	1.01B	677.40M	—	—	—	12.01B	1.56B	230.00M	240.00M	370.00M	550.00M
Net intangible assets	0	0	253.33M	238.80M	4.11B	4.73B	19.72B	27.12B	60.66B	49.12B	45.06B	40.06B	37.54B	35.00B	31.85B	29.49B	26.70B
Goodwill, net	0	0	220.43M	220.40M	4.05B	4.69B	19.64B	26.95B	29.06B	19.01B	16.20B	12.18B	10.11B	9.33B	7.31B	5.27B	3.74B
Other intangibles, net	0	0	32.90M	18.40M	56.00M	40.90M	75.70M	171.90M	31.60B	30.11B	28.86B	27.88B	27.43B	25.67B	24.54B	24.22B	22.96B
Other long term assets, total	0	0	—	936.50M	2.24B	2.53B	1.86B	2.68B	1.70B	1.70B	1.77B	1.18B	1.71B	2.95B	3.16B	3.94B	4.36B
Short term debt	0	0	266.54M	3.27B	4.41B	7.23B	12.57B	12.38B	17.85B	18.07B	18.63B	24.85B	16.49B	12.14B	5.56B	2.35B	7.02B
Current portion of LT debt and capital leases	0	0	1.99M	1.02B	1.48B	1.92B	5.75B	3.87B	5.52B	9.44B	9.55B	12.39B	8.27B	5.10B	1.91B	2.21B	2.48B
Short term debt excl. current portion of LT debt	0	0	264.55M	2.25B	2.92B	5.31B	6.82B	8.51B	12.33B	8.63B	9.08B	12.46B	8.22B	7.04B	3.65B	140.00M	4.54B
Accounts payable	6.62K	6.62K	2.54B	1.51B	3.26B	3.79B	7.48B	8.57B	8.90B	9.33B	8.77B	8.29B	9.45B	8.55B	11.35B	13.16B	15.39B
Income tax payable	3.30K	201.30K	11.93M	200.00K	116.80M	121.90M	102.60M	1.44B	20.00M	20.00M	510.00M	770.00M	480.00M	2.53B	2.71B	2.43B	1.54B
Long term debt	13.34M	0	19.03B	15.02B	29.90B	35.51B	72.23B	75.19B	62.54B	54.59B	40.15B	35.64B	21.90B	19.62B	32.99B	45.70B	50.00B
Long term debt excl. lease liabilities	13.34M	0	19.03B	15.02B	29.90B	35.51B	72.23B	75.16B	62.51B	54.56B	40.13B	35.64B	21.90B	19.62B	32.99B	45.70B	50.00B
Total equity	482.92K	1.48M	31.87B	33.19B	35.85B	35.40B	38.17B	51.15B	96.00B	103.05B	106.50B	105.86B	128.44B	161.33B	157.44B	165.07B	175.00B
Shareholders' equity	482.92K	1.48M	27.78B	28.92B	34.26B	34.63B	34.37B	49.58B	96.29B	103.35B	106.39B	105.61B	128.10B	160.61B	156.28B	163.97B	173.74B
Common equity, total	482.92K	1.48M	27.78B	28.91B	34.26B	34.63B	34.37B	49.58B	96.29B	103.35B	106.39B	105.61B	128.10B	160.61B	156.28B	163.97B	173.74B
Other common equity	0	980.63K	-2.60B	-1.47B	4.06B	1.16B	3.21B	3.54B	6.92B	10.47B	10.54B	6.47B	19.37B	38.77B	25.53B	26.14B	30.78B
Total debt	13.34M	0	19.30B	18.29B	34.31B	42.73B	84.80B	87.57B	80.39B	72.66B	58.78B	60.49B	38.39B	31.76B	38.55B	48.05B	57.02B
Net debt	12.73M	-618.94K	14.75B	—	27.70B	36.35B	63.69B	59.61B	52.23B	35.04B	30.94B	29.48B	2.99B	-13.83B	6.35B	3.51B	11.00B
Change in accounts receivable	3.81K	—	-95.99M	-1.42B	-2.29B	—	—	—	—	—	2.30B	1.27B	-250.00M	-1.68B	-300.00M	-1.36B	-660.00M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	—	—	-884.24M	366.60M	492.50M	—	—	—	740.00M	870.00M	1.73B	-70.00M	5.53B	290.00M	4.03B	3.05B	2.84B
Change in other assets/liabilities	-112	—	0	0	—	-1.09B	266.10M	2.92B	-1.16B	-4.21B	0	970.00M	1.80B	-1.66B	-790.00M	-2.21B	-2.64B
Sale of fixed assets & businesses	—	15.50M	36.92M	117.00M	343.80M	59.00M	18.40M	76.30M	240.00M	5.97B	50.00M	50.00M	80.00M	130.00M	80.00M	1.04B	380.00M
Purchase/sale of investments, net	—	—	203.58M	-5.09B	614.70M	259.70M	-6.04B	-8.07B	1.68B	-1.42B	10.32B	-4.97B	7.32B	5.79B	2.98B	-1.61B	2.20B
Sale/maturity of investments	—	—	203.58M	0	1.75B	472.20M	—	13.10M	1.68B	70.00M	11.93B	470.00M	7.32B	5.79B	3.31B	6.00B	2.74B
Purchase of investments	—	—	0	-5.09B	-1.14B	-212.50M	-6.04B	-8.08B	0	-1.49B	-1.61B	-5.44B	0	0	-330.00M	-7.61B	-540.00M
Other investing cash flow items, total	0	0	0	0	363.80M	-20.00M	160.00M	500.00M	0	0	0	70.00M	-580.00M	590.00M	0	0	0
Issuance/retirement of debt, net	0	-13.34M	-2.17B	-1.01B	5.75B	8.43B	34.98B	4.13B	-9.00B	-7.12B	-13.87B	120.00M	-25.34B	-5.80B	6.67B	8.89B	6.48B
Issuance/retirement of long term debt	0	-13.34M	-2.17B	-2.91B	7.82B	6.04B	34.34B	2.26B	-10.47B	-3.42B	-14.32B	-2.95B	-18.29B	-4.65B	10.07B	12.40B	2.06B
Issuance/retirement of short term debt	0	0	—	1.91B	-2.07B	2.39B	645.00M	1.86B	1.47B	-3.70B	450.00M	660.00M	-4.11B	-1.15B	-3.40B	-3.51B	4.42B
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	2.41B	-2.94B	—	—	—	—
Total cash dividends paid	0	0	0	-115.90M	-139.90M	-159.00M	-208.60M	-534.40M	0	-330.00M	-400.00M	-930.00M	0	-1.00B	-1.69B	-1.69B	-1.69B
Other financing cash flow items, total	0	0	0	0	-23.20M	-86.90M	0	0	0	0	0	-30.00M	-760.00M	0	0	0	0