NSE: DALBHARAT· Building MaterialsValue · Aug 26Mid cap
Dalmia Bharat
Value: south/east capacity at half the EV/t
- Last close
- ₹1,637.40
- 29 Sept 2026 · reference
- 1D · 1M
- −0.9% · −11.3%
- price-only
- Weight
- 2.4%
- 31 Jul 2026 · Aug rank 18
- Thesis review
- 8 Sep 2026
- Why We Own, p51
Where the price sits
52-week range, house target and street targets
52w low ₹1,61052w high ₹2,254
- Reference close₹1,637
- Antique Stock Broking Limited · HOLD₹2,100
- Geojit · BUY₹2,278
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹1,713
Price (2026-09-08)
30.7x / 30.1x
FY27E / FY28E P/E (Buoyant sheet)
6.4%
FY27E ROE (Buoyant sheet)
29.2x
Trailing P/E
1.8x
Price / book
-1%
EPS CAGR FY26–28E
TTM P/E 29.2x and ~1.8x book (Rs 1,713 / BV Rs 959); ~11-12x forward EV/EBITDA per MOFSL (Feb-2026). 5-year average not sourced. EV/EBITDA n.m.; dividend yield 0.5%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | 62.7x | 42.6x | 25.1x | 33.9x | 35.1x | 44.7x | 50.6x | 29.6x |
| Price to Book | — | — | 1.8x | 0.9x | 2.3x | 1.7x | 2.3x | 2.3x | 2.0x | 1.9x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Dalmia Bharat plus a reference price. Missing inputs are not substituted.