# DALBHARAT (DALBHARAT) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/dalbharat

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,761.5
- Change: +4.03%
- As of: 2026-09-18
- 1D return: +4.02%
- 5D return: +0.92%
- 1M return: -7.15%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, DALBHARAT is trading below key moving averages across daily, weekly, and monthly timeframes, indicating a predominantly bearish technical stance. The daily trend shows the price below the 20-day EMA (1762.31) and 50-day EMA (1788.69), with a Supertrend indicator suggesting a bearish signal at 1835.13. This alignment across multiple timeframes suggests a consistent downward pressure. The nearest support is observed at 1757.67, approximately 0.21% below the current price, while the closest resistance is at 1849.75, about 5.02% higher. The stock has experienced a recent wide intraday range anomaly on the daily timeframe on September 18, 2026, with a 7% range and a 4% return, marked by high severity.

The stock's risk profile includes an annualized volatility of 27% and a current drawdown of -29%. The maximum drawdown observed is -35%. On the weekly chart, the price is below the 20-week EMA (1812.27) and 50-week EMA (1887.76), with the Supertrend pointing to bearish conditions at 2001.9. Similarly, the monthly timeframe shows the price below the 20-month EMA (1906.96) and a bearish Supertrend at 2417.07. The presence of a "Bullish Engulfing Reversal" pattern on the weekly chart on September 18, 2026, contrasts with a "Bearish Engulfing Reversal" on the monthly chart for the same date, suggesting potential short-term conflicting signals within the broader bearish trend.

Key watch conditions include monitoring the price action around the immediate support level of ₹1757.67. A decisive break below this level could signal further downside. Conversely, a sustained move above the nearest resistance at ₹1849.75, coupled with increasing positive momentum, would be needed to challenge the prevailing bearish sentiment. The recent high-severity anomaly warrants attention for any follow-through price action.

- The stock closed at ₹1761.4 on September 18, 2026, trading below key daily, weekly, and monthly moving averages.
- Nearest support is at ₹1757.67 (0.21% below current price); nearest resistance is at ₹1849.75 (5.02% above current price).
- Daily trend indicators and Supertrend signal bearish conditions.
- Weekly and monthly timeframes also show price below key averages and bearish Supertrend signals.
- A high-severity, wide intraday range anomaly occurred on September 18, 2026.

- Bullish Engulfing Reversal
- Bearish Engulfing Reversal
- Harami
- Evening Star
- Doji

### News Context

Dalmia Bharat Limited's subsidiary, Ascension Mercantile Private Limited, has acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000. This newly formed entity, established on July 13, 2026, focuses on waste management and recycling, operating an Automated Material Recovery Facility in Tamil Nadu. Separately, the company disclosed that the Mines and Minerals (Amendment) Act, 2026, effective August 22, 2026, has eliminated state taxes on mineral rights. This change means Dalmia Bharat and its subsidiaries are no longer required to pay Mineral Bearing Land Tax and Mineral Cess, which amounted to ₹127 crore in FY26 and ₹38 crore in FY27. The company also announced management's participation in investor meetings, including the Goldman Sachs Asia Leaders Conference in Hong Kong (August 31-September 1, 2026) and meetings in Singapore organized by Avendus Spark (September 2-3, 2026), confirming no unpublished price-sensitive information would be shared.

- On September 17, 2026, Dalmia Bharat's subsidiary acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000, an entity focused on waste management.
- Effective August 22, 2026, Dalmia Bharat will no longer pay state taxes on mineral rights due to the Mines and Minerals (Amendment) Act, 2026, saving ₹127 crore in FY26 and ₹38 crore in FY27.
- Management is scheduled to attend investor conferences in Hong Kong from August 31 to September 1, 2026, and in Singapore from September 2-3, 2026.

- DALMIA BHARAT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Dalmia Bharat Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition
- Dalmia Bharat Limited has informed the Exchange about Effect(s) on listed entity due to changed regulatory framework applicable |SUBJECT: Effect(s) on listed entity due to changed regulatory framework applicable
- Intimation of Schedule of Analyst/ Institutional Investor Meeting(s) |SUBJECT: General Updates
- Dalmia Bharat Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### What Changed

Dalmia Bharat Limited's recent filings on September 17, 2026, detail a strategic acquisition by its step-down subsidiary, Ascension Mercantile Private Limited (AMPL). AMPL acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000 in cash. Separately, on the same date, AMPL incorporated AMPL Green City Solutions Private Limited and allotted it 10,000 equity shares at par, representing a 100% acquisition of the newly formed entity. This new entity, established on July 13, 2026, operates in the waste management and recycling sector, focusing on automated material recovery facilities in Tamil Nadu. In terms of market performance, Dalmia Bharat's stock closed at ₹1761.4 on September 18, 2026, an increase from its previous closing price of ₹1693.3.

- On September 17, 2026, Dalmia Bharat's step-down subsidiary, Ascension Mercantile Private Limited, acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000.
- On September 17, 2026, Ascension Mercantile Private Limited incorporated AMPL Green City Solutions Private Limited and acquired 100% of its equity.
- AMPL Green City Solutions Private Limited, incorporated on July 13, 2026, operates in waste management and recycling.
- Dalmia Bharat's stock price closed at ₹1761.4 on September 18, 2026, up from ₹1693.3 previously.

- DALMIA BHARAT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Dalmia Bharat Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition

### Official Filings

Dalmia Bharat Limited has made two significant announcements regarding acquisitions. On September 17, 2026, its step-down subsidiary, Ascension Mercantile Private Limited (AMPL), acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000. This newly formed entity, incorporated on July 13, 2026, operates in waste management and recycling, focusing on automated material recovery facilities in Tamil Nadu. In a separate but related disclosure on the same date, it was clarified that AMPL had incorporated AMPL Green City Solutions Private Limited and allotted it 10,000 equity shares at par, representing a 100% acquisition by AMPL for cash. This transaction is not classified as a related party transaction.

Additionally, Dalmia Bharat Limited disclosed on August 24, 2026, the impact of the Mines and Minerals (Amendment) Act, 2026, effective August 22, 2026. This amendment prohibits state taxes on mineral rights and invalidates unpaid levies. Previously, the company and its subsidiaries paid Mineral Bearing Land Tax in Tamil Nadu and Assam, and Mineral Cess in Meghalaya. These levies amounted to ₹127 crore in FY26 and ₹38 crore in FY27. As of August 22, 2026, these payments are no longer required, although amounts already paid will not be refunded. The company also held an earnings conference call on July 24, 2026, discussing Q1 FY27 results, noting a 9% year-over-year volume growth and the completion of the acquisition of Jaypee Cement assets for ₹2,850 crores on May 29, 2026, adding 5.2 million tons of capacity.

- On September 17, 2026, a step-down subsidiary acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000.
- AMPL Green City Solutions Private Limited, focused on waste management and recycling, was incorporated on July 13, 2026.
- Effective August 22, 2026, Dalmia Bharat Limited and its subsidiaries are no longer required to pay Mineral Bearing Land Tax and Mineral Cess, which totaled ₹127 crore in FY26.
- The acquisition of Jaypee Cement assets, adding 5.2 million tons of capacity, was completed on May 29, 2026, for ₹2,850 crores.
- Dalmia Bharat Limited participated in investor meetings in Mumbai (August 14-17, 2026), Hong Kong (August 31-September 1, 2026), and Singapore (September 2-3, 2026), confirming no Unpublished Price Sensitive Information (UPSI) would be disclosed.

- DALMIA BHARAT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Dalmia Bharat Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition
- Dalmia Bharat Limited has informed the Exchange about Effect(s) on listed entity due to changed regulatory framework applicable |SUBJECT: Effect(s) on listed entity due to changed regulatory framework applicable
- Intimation of Schedule of Analyst/ Institutional Investor Meeting(s) |SUBJECT: General Updates
- Dalmia Bharat Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Dalmia Bharat Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Dalmia Bharat's reported revenue from operations shows fluctuations across recent quarters. Revenue was ₹3,506 crore in Q3 FY2025-26, increasing to ₹4,245 crore in Q4 FY2025-26, before declining to ₹3,890 crore in Q1 FY2026-27. The available data does not provide further details on profitability, financial health, or other operating metrics to assess the company's overall trajectory or earnings quality.

- Revenue From Operations for Q3 FY2025-26 was ₹3,506 crore.
- Revenue From Operations for Q4 FY2025-26 was ₹4,245 crore.
- Revenue From Operations for Q1 FY2026-27 was ₹3,890 crore.

### Bull Case

Dalmia Bharat's stock is currently trading near a support level of ₹1757.67, which is approximately 0.21% below the current price of ₹1761.4 as of September 18, 2026. While the daily and monthly technical trends indicate a bearish sentiment with Supertrend values at ₹1835.13 and ₹2417.07 respectively, the stock has shown some short-term positive returns. For instance, it experienced a 4% return over the last trading day and a 2% return over the past three months. However, longer-term returns remain negative, with a 1-year return of -28% and a year-to-date return of -18%. The nearest resistance level is observed at ₹1849.75, about 5.02% higher than the current price.

- The stock's current price of ₹1761.4 on September 18, 2026, is positioned near a support level of ₹1757.67.
- Dalmia Bharat recorded a 4% return in the last trading day and a 2% return over the past three months.
- The nearest identified resistance level is ₹1849.75, representing a 5.02% increase from the current price.

### Bear Case

Dalmia Bharat's technical indicators suggest a weakening trend across multiple timeframes. The daily and monthly trends are both indicated as bearish by the Supertrend indicator. Furthermore, the Exponential Moving Average (EMA) and Simple Moving Average (SMA) values on the daily chart are below their respective longer-term averages, and their slopes are negative, indicating downward price momentum. The stock has also experienced a significant drawdown of -29% from its recent peak, with a maximum drawdown recorded at -35%. This suggests a considerable decline in value over the observed periods.

- The daily Supertrend indicator is in a bearish state as of 2026-09-18.
- The monthly Supertrend indicator is also in a bearish state as of 2026-09-18.
- The stock's current drawdown is -29%, with a maximum drawdown of -35% observed.
- Daily EMA and SMA values are below their longer-term averages with negative slopes, indicating downward price pressure.

### FAQs

**What was the impact of the Mines and Minerals (Amendment) Act, 2026 on Dalmia Bharat's tax obligations?**

Effective August 22, 2026, the Mines and Minerals (Amendment) Act, 2026, prohibits state taxes on mineral rights and invalidates unpaid levies. Previously, Dalmia Bharat and its subsidiaries paid Mineral Bearing Land Tax in Tamil Nadu (₹160/ton) and Assam (₹10/ton), along with Mineral Cess in Meghalaya (₹60/ton). These levies totaled ₹127 crore in FY26 and ₹38 crore in FY27. As of August 22, 2026, these payments are no longer required, although previously paid amounts are not refundable.

**What recent acquisitions has Dalmia Bharat made in the waste management sector?**

On September 17, 2026, Dalmia Bharat's step-down subsidiary, Ascension Mercantile Private Limited (AMPL), acquired a 1% stake in AMPL Green City Solutions Private Limited for ₹1,00,000. AMPL also incorporated AMPL Green City Solutions Private Limited on the same date, allotting 10,000 equity shares at par to AMPL, representing a 100% acquisition. The newly formed entity, established on July 13, 2026, operates in waste management and recycling, focusing on automated material recovery facilities in Tamil Nadu.

**What is the current technical trend for Dalmia Bharat based on recent data?**

As of September 18, 2026, technical indicators suggest a bearish trend. The daily Supertrend is at ₹1835.13, indicating a bearish direction. The 20-day Exponential Moving Average (EMA) is ₹1762.31, and the 50-day EMA is ₹1788.69, both of which are above the closing price of ₹1761.4. On a monthly basis, the Supertrend is ₹2417.07, also in a bearish direction, with the 20-day EMA at ₹1906.96 and the 50-day EMA at ₹1969.46.

**What is Dalmia Bharat's recent performance over different periods?**

As of September 18, 2026, Dalmia Bharat's stock has shown mixed returns across different periods. It experienced a 4% return in the last day and a 2% return over the last three months. However, it saw a 4% decline in the last month, an 8% decline in the last six months, and a 28% decline over the last year. Year-to-date, the return is negative 18%.

- DALMIA BHARAT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Dalmia Bharat Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition
- Dalmia Bharat Limited has informed the Exchange about Effect(s) on listed entity due to changed regulatory framework applicable |SUBJECT: Effect(s) on listed entity due to changed regulatory framework applicable
- Intimation of Schedule of Analyst/ Institutional Investor Meeting(s) |SUBJECT: General Updates
- Dalmia Bharat Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,689.9
- Risk regime: Price Risk Requires Attention

### Support levels
- 1757.6671875000002
- 1706.4
- 1676.0859375

### Resistance levels
- 1849.75
- 1885.6875
- 1921.4169921875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +4.02% |
| return_10 | -0.55% |
| return_1m | -4.12% |
| return_1y | -28.05% |
| return_20 | -7.15% |
| return_3m | +2.07% |
| return_5 | +0.92% |
| return_6m | -8.07% |
| return_since_start | -0.54% |
| return_ytd | -17.55% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -34.97% |
| annualized_volatility | +26.55% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue advances but profit before tax halves

Dalmia Bharat Ltd. reported revenue from operations of ₹3,890 crore in the first quarter of FY2026-27, a 7.0% increase over the year-ago quarter but an 8.4% sequential decline from the preceding quarter’s record high. Profit before tax, however, dropped sharply to ₹254 crore, down 51% from the same quarter last year, as rising costs eroded the top-line gain.

## Revenue Performance

Revenue fell by ₹355 crore sequentially from the prior quarter’s peak of ₹4,245 crore, reversing the strong expansion seen in the fourth quarter of FY2025-26. Despite the pullback, the latest quarter’s revenue remains the second-highest level across the five quarters ending in June 2026.

Compared with the same quarter a year earlier (Q1 FY2025-26: ₹3,636 crore), revenue grew by ₹254 crore, or 7.0%. The current quarter sits between the prior-year baseline and the recent peak, reflecting a moderation after the previous quarter’s surge.

Over the five-quarter period, revenue has fluctuated rather than followed a steady trajectory. It reached a low of ₹3,417 crore in Q2 FY2025-26, climbed to a high of ₹4,245 crore in Q4 FY2025-26, and settled at ₹3,890 crore in Q1 FY2026-27. At this level, revenue is 13.8% above the mid-period trough and 8.4% below the recent peak.

## Profitability and Costs

Profit before tax stood at ₹254 crore in Q1 FY2026-27, a significant decline from both the year-ago figure of ₹518 crore and the preceding quarter’s ₹440 crore. After deducting a tax expense of ₹62 crore (down from ₹123 crore in Q1 FY2025-26), profit for the period came in at ₹192 crore, a 51% drop from ₹395 crore a year ago. Basic earnings per share similarly fell to ₹10.02 from ₹20.95.

One observable driver of the profit compression was a rise in finance costs, which increased to ₹147 crore in the latest quarter from ₹108 crore in Q1 FY2025-26, a 36% year-on-year increase. The quarter also recorded cost of materials consumed of ₹644 crore and employee benefit expense of ₹245 crore. While year-ago figures for these specific expense lines are not provided, the steep reduction in pre-tax profit indicates that the overall cost base expanded more rapidly than the 7% revenue growth and other income of ₹139 crore.

## Key Takeaway

Dalmia Bharat’s top line expanded year-on-year, but profitability weakened substantially as costs outpaced revenue growth. Pre-tax profit and earnings per share each fell by roughly half compared to the same quarter last year, highlighting a clear divergence between sales momentum and bottom-line delivery.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_18092026211406_DBL_Intimation_Postal_Ballot_Notice_18092026.pdf)
- 2026-09-18 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_17144_WebXMLFile_20260918_212010559.xml)
- 2026-09-17 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_17144_WebXMLFile_20260917_222727414.xml)
- 2026-09-17 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_17092026222819_DBL_SEintimation_Acquisition_17092026.pdf)
- 2026-08-24 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_24082026223740_DBL24082026.pdf)
- 2026-08-20 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_20082026140147_DBLAC20082026.pdf)
- 2026-08-20 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17144_WebXMLFile_20260820_140538524.xml)
- 2026-08-05 — Generic Announcement: Dalmia Bharat Limited will attend the Equirus Annual India Conference on August 14, 2026, and the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026, both in Mumbai. These meetings will be held in a physical format and will include one-on-one and group sessions. The company stated that no Unpublished Price Sensitive Information (UPSI) will be shared during these events. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_05082026174426_equirusMOSL_05AUG.pdf)
- 2026-08-05 — Generic Announcement: Dalmia Bharat Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17144_WebXMLFile_20260805_174912780.xml)
- 2026-07-28 — Generic Announcement: Dalmia Bharat Limited held an earnings conference call on July 24, 2026, to discuss Q1 FY27 results. The company reported a 9% year-over-year volume growth despite state elections impacting construction activity in key markets. They also introduced a premium product, Weather365, and managed input cost surges through procurement and operational efficiencies, achieving savings of over INR150 per ton. The acquisition of Jaypee Cement assets, adding 5.2 million tons of capacity, was completed on May 29, 2026, for INR2,850 crores, with integration commencing rapidly. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_28072026172903_DBLTranscriptJuly2026.pdf)
- 2026-07-28 — Generic Announcement: Dalmia Cement (Bharat) Limited, a subsidiary of BSE Limited, has been identified as the Successful Resolution Applicant for Bhilai Jaypee Cement Limited. The company received a Letter of Intent on July 28, 2026, following the approval of its resolution plan by the Committee of Creditors. This acquisition includes a 2.2 MnTPA Grinding Unit in Bhilai and a 1.1 Mn TPA Clinker Unit in Babupur, subject to regulatory approvals from the National Company Law Tribunal, Cuttack, and other authorities. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_28072026172353_DBL_Intimation_LOI_DCBL_28072026.pdf)
- 2026-07-24 — Generic Announcement: Dalmia Bharat Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026. |SUBJECT: Outcome of Board Meeting — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_24072026131724_Outcome_of_BM_July_2026.pdf)
- 2026-07-24 — Official Filing: Dalmia Bharat Limited's board of directors met on July 24, 2026, appointing Yatin Malhotra as Chief Financial Officer for a 60-month term effective August 1, 2026. Concurrently, Mr. Dharmender Tuteja retired as Chief Financial Officer effective July 31, 2026.
- 2026-07-24 — Management Change: Dalmia Bharat Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2026. The board also approved the appointment of Yatin Malhotra as Chief Financial Officer, effective August 1, 2026, replacing Dharmender Tuteja who retires July 31, 2026. The company reported consolidated revenue of ₹4,029 crore and a profit after tax of ₹192 crore for the quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_24072026132614_Outcome_of_BM_July_2026.pdf)
- 2026-07-24 — Press Release: Dalmia Bharat Limited reported its unaudited financial results for the quarter ended June 30, 2026, with revenues from operations increasing 7% year-over-year to Rs 3,890 Cr. The company's installed cement capacity increased to 54.7 MnTPA following the acquisition of 5.2 MnTPA cement assets in the Central Region for an enterprise value of Rs 2,850 Cr. Commercial production began at the Chunar Grinding Unit on June 20, 2026, and a trial run started at the Rewa Clinker Unit in July. The company also entered an agreement to acquire a 41% stake in Oyster Green Hybrid Five Private Limited for approximately Rs 17 Cr to source hybrid power for its Kadapa plant. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_24072026133632_DBL_Press_Release_24072026.pdf)
- 2026-07-24 — Earnings Presentation: Dalmia Bharat Limited has released its Earnings Release for Q1 FY27 on July 24, 2026. The company reported a robust sales volume growth of 9% year-over-year, with revenue increasing by 7% year-over-year to Rs 5,098 crore. Net sales realization (NSR) improved 6% quarter-over-quarter, reaching Rs 5,098 crore. Raw material costs increased 12% quarter-over-quarter, while power and fuel costs rose 10% quarter-over-quarter. EBITDA declined quarter-over-quarter due to lower volumes and higher costs, with PAT declining due to one-off exceptional items related to central cement asset acquisitions. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_24072026134643_DBL_Investor_Presentation_24072026.pdf)
- 2026-07-18 — Generic Announcement: Dalmia Bharat Limited will hold an investors/analysts conference call on Friday, July 24, 2026, at 4:30 PM IST to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company has provided dial-in details for the call. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_18072026192424_InvestorCalljuly2026.pdf)
- 2026-07-18 — Official Filing: Dalmia Bharat Limited will host its Q1FY27 Earning Conference Call virtually on July 24, 2026, at 16:30:00. The call, organized by Chorus Call Conferencing Services, will discuss Q1 FY27 earnings. Further details and registration information are available via a provided weblink and dial-in numbers.
- 2026-07-17 — Official Filing: Dalmia Bharat Limited will hold a board meeting on July 24, 2026, to consider unaudited standalone and consolidated financial results for the quarter ended June 2026. The trading window for the company's securities will be closed from July 1, 2026, to July 26, 2026.
- 2026-07-17 — Credit Rating Update: ICRA ESG Ratings Limited has reaffirmed the ESG rating for Dalmia Bharat Limited, maintaining an [ICRA ESG] Combined Rating of 80, Exceptional. This rating comprises an [ICRA ESG] Impact Rating of 74 (Good) and an [ICRA ESG] Transition Rating of 85 (Accelerating). The company received this communication on July 16, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_17072026133008_ESGRating170726.pdf)
- 2026-07-10 — Generic Announcement: Dalmia Bharat Limited, through its Registrar and Transfer Agent KFin Technologies Limited, has submitted a certificate confirming compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This certificate covers the quarter ended June 30, 2026, and confirms that details of securities dematerialized or rematerialized have been furnished to all relevant stock exchanges. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_10072026163533_DBLCC745june2026_signed.pdf)
- 2026-06-30 — Generic Announcement: Dalmia Bharat Limited held its 13th Annual General Meeting on June 30, 2026, conducted via Video Conferencing/Other Audio-Visual Means. The meeting addressed the adoption of financial statements for the year ended March 31, 2026, the declaration of a final dividend of Rs. 5.00 per equity share, the re-appointment of a director, the re-appointment of statutory auditors for a five-year term from FY 2026-27 to FY 2030-31, and authorization for raising funds. Remote e-voting was available from June 26 to June 29, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_30062026184141_DBL_AGM_Proceedings_30062025.pdf)
- 2026-06-30 — Generic Announcement: Dalmia Bharat Limited held its 13th Annual General Meeting on June 30, 2026, where all resolutions were passed with the requisite majority. Key resolutions included the adoption of financial statements for the year ended March 31, 2026, the declaration of a final dividend of Rs. 5.00 per equity share, the re-appointment of Mr. Puneet Yadu Dalmia as Director, and the re-appointment of Walker Chandiok & Co LLP as Statutory Auditors for a five-year term. An additional resolution to authorize fund-raising through securities issuance was also approved. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_30062026190307_DBL_Voting_Results_Report_30062025_signed.pdf)
- 2026-06-26 — Generic Announcement: Dalmia Bharat Limited will close its trading window for designated persons and their immediate relatives from July 1, 2026. The window will reopen 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The date of the board meeting to consider these results will be announced later. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_26062026182935_CTW_June_2026_signed.pdf)
- 2026-06-22 — Generic Announcement: Dalmia Bharat Limited will attend investor meetings organized by DAM Capital on June 25, 2026, in Mumbai. These meetings will be held in a physical mode and will include one-on-one and group sessions. The company has stated that no Unpublished Price Sensitive Information (UPSI) will be shared during these meetings. — [Official attachment](https://nsearchives.nseindia.com/corporate/DALBHARAT_22062026184247_DBL_SE_Intimation_Investor_Meet_22062026.pdf)

## News and market events

- 2026-09-02 — Mint: **Up to 40% returns? Looking for top stock picks for Sept 2026? Axis Securities shares list of 15 | Upside, target price** — Axis Securities presents a curated list of 15 stocks with potential returns of up to 40%. Discover which sectors and stocks are poised for growth amidst geopolitical tensions and economic shifts. — [Source](https://www.livemint.com/market/stock-market-news/up-to-40-returns-looking-for-top-stock-picks-for-sept-2026-axis-securities-shares-list-of-15-upside-target-price-11788324428926.html)
- 2026-08-26 — BUSINESS: **Cement shares in focus: Ramco, Dalmia Bharat, Shree, JK, ACC gain up to 5%** — At 12:07 PM on Wednesday, the Nifty Cement index was up 1.3 per cent at 15,057.10, compared to a 0.24 per cent decline in the NSE benchmark Nifty 50. — [Source](https://www.business-standard.com/markets/news/cement-shares-in-focus-ramco-dalmia-bharat-shree-jk-acc-gain-up-to-5-126082600414_1.html)
- 2026-08-17 — Mint: **Cement makers face a forgettable H1FY27 as prices weaken and costs rise** — Cement companies enjoyed higher realizations in Q1FY27, but rising fuel and raw material costs squeezed margins, while new capacity could keep pricing under pressure. — [Source](https://www.livemint.com/market/mark-to-market/cement-weak-prices-cost-inflation-means-a-forgettable-first-half-of-fy27-ultratech-shree-ambuja-11786847193200.html)

## Business profile

**Strategic vision:** Indian conglomerate in cement, sugar, and refractories.

### Business segments
- **Cement:** Dalmia Bharat is a prominent cement manufacturing company in India, offering a diverse range of cement products for various construction needs.
- **Sugar:** Dalmia Bharat is engaged in the sugar industry through Dalmia Bharat Sugar and Industries Limited, venturing into the business in the mid-1990s.
- **Refractories:** The refractories business operates under Dalmia Bharat Refractories Ltd. (DBRL), specializing in providing refractory materials, solutions, and services globally to iron and steel manufacturers.

### Competitive strengths
- Diverse product portfolio catering to various construction needs.
- Global reach in refractories business serving iron and steel manufacturers.
- Established presence in multiple industrial sectors.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/dalbharat
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