Dalmia Bharat Limited

NSEI:DALBHARAT Stock Report

Market Cap: ₹338.0b

Dalmia Bharat Valuation

Is DALBHARAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DALBHARAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DALBHARAT (₹1801.9) is trading above our estimate of fair value (₹1177.08)

Significantly Below Fair Value: DALBHARAT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DALBHARAT?

Key metric: As DALBHARAT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DALBHARAT. This is calculated by dividing DALBHARAT's market cap by their current earnings.
What is DALBHARAT's PE Ratio?
PE Ratio44.2x
Earnings₹7.65b
Market Cap₹337.97b

Price to Earnings Ratio vs Peers

How does DALBHARAT's PE Ratio compare to its peers?

The above table shows the PE ratio for DALBHARAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.6x
532644 J.K. Cement
42.8x24.3%₹348.9b
ACC ACC
19x13.4%₹387.5b
RAMCOCEM Ramco Cements
84.3x39.6%₹233.0b
SHREECEM Shree Cement
56.4x17.7%₹976.5b
DALBHARAT Dalmia Bharat
44.2x26.7%₹338.0b

Price-To-Earnings vs Peers: DALBHARAT is good value based on its Price-To-Earnings Ratio (44.2x) compared to the peer average (50.6x).

Price to Earnings Ratio vs Industry

How does DALBHARAT's PE Ratio compare vs other companies in the IN Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
DALBHARAT 44.2xIndustry Avg. 37.2xNo. of Companies10PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DALBHARAT is expensive based on its Price-To-Earnings Ratio (44.2x) compared to the Indian Basic Materials industry average (37.2x).

Price to Earnings Ratio vs Fair Ratio

What is DALBHARAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DALBHARAT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44.2x
Fair PE Ratio37x

Price-To-Earnings vs Fair Ratio: DALBHARAT is expensive based on its Price-To-Earnings Ratio (44.2x) compared to the estimated Fair Price-To-Earnings Ratio (37x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DALBHARAT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,801.90
₹1,977.90
+9.8%
11.0%₹2,500.00₹1,490.00n/a30
Dec ’25₹1,820.35
₹1,979.33
+8.7%
10.7%₹2,500.00₹1,550.00n/a30
Nov ’25₹1,838.20
₹1,982.17
+7.8%
10.8%₹2,500.00₹1,550.00n/a30
Oct ’25₹1,956.55
₹2,042.26
+4.4%
10.3%₹2,500.00₹1,700.00n/a29
Sep ’25₹1,891.05
₹2,038.10
+7.8%
10.4%₹2,500.00₹1,700.00n/a29
Aug ’25₹1,813.25
₹2,041.27
+12.6%
10.2%₹2,500.00₹1,700.00n/a30
Jul ’25₹1,849.95
₹2,141.93
+15.8%
10.0%₹2,550.00₹1,700.00n/a30
Jun ’25₹1,775.70
₹2,201.19
+24.0%
9.5%₹2,600.00₹1,700.00n/a31
May ’25₹1,838.15
₹2,225.10
+21.1%
11.2%₹2,940.00₹1,700.00n/a30
Apr ’25₹1,992.30
₹2,514.53
+26.2%
11.2%₹2,940.00₹1,650.00n/a30
Mar ’25₹2,055.45
₹2,556.93
+24.4%
10.6%₹2,940.00₹1,650.00n/a29
Feb ’25₹2,280.40
₹2,532.59
+11.1%
10.6%₹2,940.00₹1,650.00n/a29
Jan ’25₹2,361.25
₹2,476.85
+4.9%
12.4%₹2,900.00₹1,400.00n/a27
Dec ’24₹2,265.15
₹2,460.19
+8.6%
12.0%₹2,880.00₹1,400.00₹1,820.3527
Nov ’24₹2,072.50
₹2,406.59
+16.1%
13.7%₹2,880.00₹1,400.00₹1,838.2029
Oct ’24₹2,404.35
₹2,243.90
-6.7%
12.8%₹2,830.00₹1,400.00₹1,956.5529
Sep ’24₹2,123.55
₹2,201.81
+3.7%
10.9%₹2,600.00₹1,400.00₹1,891.0531
Aug ’24₹1,986.80
₹2,198.32
+10.6%
11.1%₹2,600.00₹1,400.00₹1,813.2531
Jul ’24₹2,166.20
₹2,241.93
+3.5%
12.8%₹2,700.00₹1,300.00₹1,849.9529
Jun ’24₹2,134.50
₹2,191.67
+2.7%
11.7%₹2,550.00₹1,300.00₹1,775.7030
May ’24₹1,996.20
₹2,190.47
+9.7%
11.7%₹2,550.00₹1,300.00₹1,838.1530
Apr ’24₹1,968.25
₹2,137.86
+8.6%
13.1%₹2,850.00₹1,300.00₹1,992.3028
Mar ’24₹1,875.70
₹2,112.57
+12.6%
13.5%₹2,850.00₹1,300.00₹2,055.4530
Feb ’24₹1,768.40
₹1,956.69
+10.6%
14.2%₹2,388.00₹1,300.00₹2,280.4029
Jan ’24₹1,862.80
₹1,924.37
+3.3%
13.4%₹2,388.00₹1,300.00₹2,361.2530
Dec ’23₹1,901.20
₹1,878.16
-1.2%
12.2%₹2,380.00₹1,300.00₹2,265.1531

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 02:45
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Dalmia Bharat Limited is covered by 48 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Satyadeep JainAmbit Capital
Manish ValechaAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.