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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, trading cheap versus its own history.
Dalmia Bharat is scored on the general / industrial framework. It keeps a slim 7.7% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.97× reported profit. Free cash flow is worth about -2.7% of its market value.
Over the last 3 years revenue compounded at 3%/yr and profit at 2%/yr. Book value has grown 5%/yr. Return on equity is a weak 5.5%. In the latest quarter profit fell 51% versus the prior quarter.
At 24× earnings, the stock sits at the 1st percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~23%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 54.13 | 12.16 | worse |
| P/B | 1.54 | 1.82 | better |
| EV/EBITDA | 14.86 | 11.78 | worse |
| ROE | 5.51 | — | — |
| ROCE | 5.87 | — | — |
| ROA | 1.4 | — | — |
| Quick Ratio | 1.34 | 1.02 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Ultratech Cement | 41.5 | 5.0 | 12.0% |
| Ambuja Cements | 30.7 | 1.6 | 8.0% |
| Shree Cement | 57.0 | 3.8 | 6.6% |
3% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
The latest year saw a +66% swing — check if it's a one-off or structural.
Operating margins have been stable around 10% — no major structural shift. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 6% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
3% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.0× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 6% QoQ — could be seasonality or a genuine slowdown. Run-rate stepping up — recent quarters average 18% above earlier ones.
Profit fell 51% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (7% → 5%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 55.8% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.