New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (37% accrual ratio). Revenue is less than US$1m (₹44m revenue, or US$462k). Market cap is less than US$10m (₹203.9m market cap, or US$2.16m). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). New Risk • May 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (37% accrual ratio). Revenue is less than US$1m (₹44m revenue, or US$451k). Market cap is less than US$10m (₹222.9m market cap, or US$2.31m). Minor Risk Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • May 20
Full year 2026 earnings released: EPS: ₹0.03 (vs ₹0.049 in FY 2025) Full year 2026 results: EPS: ₹0.03 (down from ₹0.049 in FY 2025). Revenue: ₹43.6m (up 10% from FY 2025). Net income: ₹646.1k (down 35% from FY 2025). Profit margin: 1.5% (down from 2.5% in FY 2025). The decrease in margin was driven by higher expenses. Duyuru • May 12
Dalmia Industrial Development Limited to Report Q4, 2026 Results on May 18, 2026 Dalmia Industrial Development Limited announced that they will report Q4, 2026 results on May 18, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹10.80, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 24x in the Retail Distributors industry in India. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹9.25, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 21x in the Retail Distributors industry in India. Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.05 loss per share (vs ₹0.21 loss in 3Q 2025) Third quarter 2026 results: ₹0.05 loss per share (improved from ₹0.21 loss in 3Q 2025). Revenue: ₹4.35m (up 5.0% from 3Q 2025). Net loss: ₹1.06m (loss narrowed 75% from 3Q 2025). Duyuru • Feb 11
Dalmia Industrial Development Limited to Report Q3, 2026 Results on Feb 14, 2026 Dalmia Industrial Development Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 14, 2026 New Risk • Jan 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (62% accrual ratio). Revenue is less than US$1m (₹50m revenue, or US$540k). Market cap is less than US$10m (₹178.6m market cap, or US$1.95m). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹7.43, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 30x in the Retail Distributors industry in India. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹10.88, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 29x in the Retail Distributors industry in India. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (62% accrual ratio). Revenue is less than US$1m (₹50m revenue, or US$550k). Market cap is less than US$10m (₹202.3m market cap, or US$2.25m). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.10 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹0.10 (up from ₹0.10 loss in 2Q 2025). Revenue: ₹5.51m (up 231% from 2Q 2025). Net income: ₹1.94m (up ₹3.89m from 2Q 2025). Profit margin: 35% (up from net loss in 2Q 2025). The move to profitability was primarily driven by higher revenue. Duyuru • Nov 11
Dalmia Industrial Development Limited to Report Q2, 2026 Results on Nov 14, 2025 Dalmia Industrial Development Limited announced that they will report Q2, 2026 results on Nov 14, 2025 New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹46m revenue, or US$515k). Market cap is less than US$10m (₹172.7m market cap, or US$1.95m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Duyuru • Sep 05
Dalmia Industrial Development Limited, Annual General Meeting, Sep 27, 2025 Dalmia Industrial Development Limited, Annual General Meeting, Sep 27, 2025, at 13:00 Indian Standard Time. Location: 2a,ganesh chandra avenue 9th floor, room no: 8e kolkata- 700013, west bengal., kolkata India Reported Earnings • Aug 16
First quarter 2026 earnings released: ₹0.02 loss per share (vs ₹0.04 loss in 1Q 2025) First quarter 2026 results: ₹0.02 loss per share (improved from ₹0.04 loss in 1Q 2025). Revenue: ₹7.05m (up ₹6.19m from 1Q 2025). Net loss: ₹342.0k (loss narrowed 57% from 1Q 2025). Duyuru • Aug 15
Dalmia Industrial Development Limited to Report Q1, 2026 Results on Aug 14, 2025 Dalmia Industrial Development Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.05 (vs ₹0.012 in FY 2024) Full year 2025 results: EPS: ₹0.05 (up from ₹0.012 in FY 2024). Revenue: ₹39.5m (up 303% from FY 2024). Net income: ₹986.0k (up 323% from FY 2024). Profit margin: 2.5% (up from 2.4% in FY 2024). The increase in margin was driven by higher revenue. Duyuru • May 26
Dalmia Industrial Development Limited to Report Q4, 2025 Results on May 30, 2025 Dalmia Industrial Development Limited announced that they will report Q4, 2025 results on May 30, 2025 Buy Or Sell Opportunity • Apr 24
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₹16.39. The fair value is estimated to be ₹20.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 68%. 