Investors are continuously looking for promising equities to add to their portfolios as the Indian economy continues to rise. In recent years, investors have paid close attention to Dalmia Bharat Limited, one of India’s leading cement producers, as a result of its strong financial performance, steady expansion, and strategic acquisitions. Dalmia Bharat is therefore regarded by many as a wise investment choice.
Moreover, Dalmia Cement’s (Bharat) recent purchase of a coal mine in Madhya Pradesh has improved the company’s possibilitieṄs for growth. This decision is anticipated to lessen the company’s reliance on imported coal and improve its cost structure, which could eventually result in even more spectacular financial performance.
Indian cement producer Dalmia Bharat said on Tuesday that lower fuel prices and increased demand helped its fourth-quarter earnings more than quadruple. In the quarter that ended on March 31 from Rs 266 crore a year earlier, consolidated net profit increased to Rs 589 crore ($71.90 million). Revenue from operations for the Nifty mid-cap 100 firm increased by 15.7% yearly to 39.12 billion rupees. With electricity and fuel expenditures for the quarter reducing to 8.71 billion rupees from 8.73 billion rupees, the overall expenses came to 36.05 billion rupees.
What is the target share price for Dalmia Bharat during the coming years? To give a thorough analysis of the stock’s potential future direction, we will look at the company’s financials, growth prospects, and most recent happenings in this piece.
Continue reading to learn more if you’re contemplating investing in Dalmia Bharat.
Dalmia Bharat Q3 FY24 Summary and key Points
- Dalmia Bharat’s Q3 FY24 revenue increased by 7.3% year-on-year, reaching ₹3600 crore.
- Profit surged by 28.92% year-on-year, reaching ₹263 crore, indicating effective management and operational efficiency.
- Quarterly performance saw even stronger growth, with revenue rising by 14.32% and profit soaring by 122.88% compared to the previous quarter.
- Selling, general, and administrative expenses increased by 12.49% quarter-on-quarter and 7.71% year-on-year.
- Operating income showed remarkable improvement, increasing by 115.43% quarter-on-quarter and 26.96% year-on-year.
- Earnings per share (EPS) increased by 31.56% year-on-year, reaching ₹14.02, reflecting enhanced earnings efficiency.
- Market performance in the recent past has been mixed, with negative returns in the last week and year-to-date.
- Analyst ratings predominantly lean towards a positive outlook, with Buy and Strong Buy recommendations from a significant portion of analysts covering the company.
You can buy Dalmia Bharat shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 1,965.70 | 1,709.30 |
| April 2024 | 1,908.45 | 1,659.52 |
| May 2024 | 1,880.24 | 1,634.99 |
| June 2024 | 1,947.93 | 1,693.85 |
| July 2024 | 1,928.45 | 1,676.92 |
| August 2024 | 2,005.59 | 1,743.99 |
| September 2024 | 2,085.81 | 1,813.75 |
| October 2024 | 2,044.92 | 1,778.19 |
| November 2024 | 2,126.71 | 1,849.32 |
| December 2024 | 2,147.98 | 1,867.81 |
In March 2024, Dalmia Bharat’s maximum price is projected to reach 1,965.70, while the minimum price is expected to be 1,709.30. As we move into April, the company’s stock is anticipated to have a maximum price of 1,908.45 and a minimum price of 1,659.52. May forecasts indicate Dalmia Bharat’s stock reaching a maximum of 1,880.24 and a minimum of 1,634.99. In June, the company’s stock is expected to fluctuate between a maximum of 1,947.93 and a minimum of 1,693.85. By July, Dalmia Bharat’s stock is forecasted to range from a maximum of 1,928.45 to a minimum of 1,676.92. August projections suggest a maximum price of 2,005.59 and a minimum price of 1,743.99. Moving into September, the maximum price is anticipated to rise to 2,085.81, with the minimum price at 1,813.75. October’s forecasts indicate Dalmia Bharat’s stock reaching a maximum of 2,044.92 and a minimum of 1,778.19. November sees the stock prices projected to fluctuate between a maximum of 2,126.71 and a minimum of 1,849.32. Lastly, December is expected to witness the highest maximum price of the year at 2,147.98 and a minimum price of 1,867.81.
| When | Maximum Price | Minimum Price |
| January 2025 | 2,150.13 | 1,653.94 |
| February 2025 | 2,154.44 | 1,657.26 |
| March 2025 | 2,199.68 | 1,692.06 |
| April 2025 | 2,156.55 | 1,658.88 |
| May 2025 | 2,093.74 | 1,610.57 |
| June 2025 | 2,187.95 | 1,683.04 |
| July 2025 | 2,145.05 | 1,650.04 |
| August 2025 | 2,211.40 | 1,701.07 |
| September 2025 | 2,237.93 | 1,721.49 |
| October 2025 | 2,296.12 | 1,766.24 |
| November 2025 | 2,353.52 | 1,810.40 |
| December 2025 | 2,459.43 | 1,891.87 |
Throughout 2025, Dalmia Bharat’s stock prices are likely to change month by month. Starting in January, we might see it range between 2,150.13 and 1,653.94, and by December, it could reach highs of 2,459.43 and lows of 1,891.87. These fluctuations reflect the natural ebb and flow of the market, influenced by a variety of factors.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,533.21 | 1,948.63 |
| February 2026 | 2,598.17 | 1,998.59 |
| March 2026 | 2,699.50 | 2,076.53 |
| April 2026 | 2,646.56 | 2,035.82 |
| May 2026 | 2,569.48 | 1,976.52 |
| June 2026 | 2,685.11 | 2,065.47 |
| July 2026 | 2,632.46 | 2,024.97 |
| August 2026 | 2,713.87 | 2,087.59 |
| September 2026 | 2,808.86 | 2,160.66 |
| October 2026 | 2,881.89 | 2,216.84 |
| November 2026 | 2,953.94 | 2,272.26 |
| December 2026 | 3,027.78 | 2,329.07 |
| When | Maximum Price | Minimum Price |
| January 2027 | 3,088.34 | 2,375.65 |
| February 2027 | 3,167.53 | 2,436.56 |
| March 2027 | 3,291.06 | 2,531.59 |
| April 2027 | 3,226.53 | 2,481.95 |
| May 2027 | 3,132.56 | 2,409.66 |
| June 2027 | 3,273.52 | 2,518.09 |
| July 2027 | 3,209.33 | 2,468.72 |
| August 2027 | 3,308.59 | 2,545.07 |
| September 2027 | 3,424.39 | 2,634.15 |
| October 2027 | 3,513.43 | 2,702.64 |
| November 2027 | 3,601.26 | 2,770.20 |
| December 2027 | 3,691.29 | 2,839.46 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,765.12 | 2,896.25 |
| February 2028 | 3,861.66 | 2,970.51 |
| March 2028 | 4,012.27 | 3,086.36 |
| April 2028 | 3,933.59 | 3,025.84 |
| May 2028 | 3,819.02 | 2,937.71 |
| June 2028 | 3,990.88 | 3,069.91 |
| July 2028 | 3,912.63 | 3,009.71 |
| August 2028 | 4,033.64 | 3,102.80 |
| September 2028 | 4,174.81 | 3,211.39 |
| October 2028 | 4,283.36 | 3,294.89 |
| November 2028 | 4,390.44 | 3,377.26 |
| December 2028 | 4,500.20 | 3,461.69 |
| When | Maximum Price | Minimum Price |
| January 2029 | 4,590.21 | 3,530.93 |
| February 2029 | 4,707.90 | 3,621.46 |
| March 2029 | 4,891.51 | 3,762.70 |
| April 2029 | 4,795.60 | 3,688.92 |
| May 2029 | 4,655.92 | 3,581.48 |
| June 2029 | 4,865.44 | 3,742.65 |
| July 2029 | 4,770.04 | 3,669.26 |
| August 2029 | 4,917.57 | 3,782.74 |
| September 2029 | 5,089.68 | 3,915.14 |
| October 2029 | 5,222.01 | 4,016.93 |
| November 2029 | 5,352.56 | 4,117.36 |
| December 2029 | 5,486.38 | 4,220.29 |
| When | Maximum Price | Minimum Price |
| January 2030 | 5,596.10 | 4,304.70 |
| February 2030 | 5,739.59 | 4,415.07 |
| March 2030 | 5,963.44 | 4,587.26 |
| April 2030 | 5,846.51 | 4,497.31 |
| May 2030 | 5,676.22 | 4,366.32 |
| June 2030 | 5,931.65 | 4,562.81 |
| July 2030 | 5,815.34 | 4,473.34 |
| August 2030 | 5,995.20 | 4,611.69 |
| September 2030 | 6,205.03 | 4,773.10 |
| October 2030 | 6,366.36 | 4,897.20 |
| November 2030 | 6,525.52 | 5,019.63 |
| December 2030 | 6,688.66 | 5,145.12 |
In 2030, Dalmia Bharat’s stock is expected to fluctuate month by month. January might range from 5,596.10 to 4,304.70, while December could see highs of 6,688.66 and lows of 5,145.12. Each month presents varying maximum and minimum prices, reflecting market dynamics.
Financial Condition of Dalmia Bharat: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales | 9,484 | 9,674 | 10,110 | 11,286 | 13,540 |
| Expenses | 7,542 | 7,591 | 7,340 | 8,855 | 10,670 |
| Oper. Profit | 1,942 | 2,083 | 2,770 | 2,431 | 2,870 |
| OPM % | 20% | 22% | 27% | 22% | 21% |
| Other Income | 235 | 217 | 145 | 166 | -10 |
| Interest | 542 | 415 | 303 | 202 | 234 |
| Depreciation | 1,296 | 1,528 | 1,250 | 1,235 | 1,305 |
| PBT | 339 | 357 | 1,362 | 1,160 | 1,321 |
| Tax % | -3% | 33% | 13% | 27% | 18% |
| Net Profit | 349 | 238 | 1,183 | 845 | 1,079 |
| EPS (Rs) | 15.96 | 11.61 | 62.58 | 43.55 | 55.21 |
| Div. Payout % | 13% | 17% | 2% | 20% | 16% |
Dalmia Bharat has showcased robust financial performance in the last five years. Sales surged from ₹9,484 crores in 2019 to ₹13,540 crores in 2023, with a commendable operating profit of ₹2,870 crores and a consistent operating profit margin of 21%.
The Profit Before Tax escalated from ₹339 crores to ₹1,321 crores, underscoring the company’s resilience. Effective tax management, a growing net profit reaching ₹1,079 crores, and a reasonable dividend payout percentage highlight Dalmia Bharat’s prudent financial strategies, reflecting a trajectory of sustained expansion and financial health.
Motilal Oswal recommends a ‘buy’ for Dalmia Bharat at Rs 2,800 per share, designating it their top pick for 2024 due to robust growth plans, focused execution, and a strong balance sheet.
FAQS
It is anticipated that Dalmia Bharat’s share price will increase to ₹2,147.98 by the end of 2024.
The share price target of Dalmia Bharat for 2025 might be around ₹2,459.43.
Can Dalmia Bharat touch 10,000 INR by 2030?
No, according to our analysis, Dalmia is unlikely to reach 10,000 INR by 2030.
The per-share price of Dalmia Bharat might reach around ₹6,688.66 by the end of 2030.
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Conclusion
In conclusion, Dalmia Bharat shares appear to be a profitable investment possibility for the future based on the remarkable income growth, PAT growth, revenue growth, and profit growth over the last five years.
Dalmia Bharat shares are unquestionably worth taking into account for a long-term investment plan due to their outstanding financials and growth prospects. Current investors are happily enjoying the gains and also suggest others to also invest in Dalmia Bharat as it has been giving great returns to its investors over the past few months.
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