Dalmia Bharat Ltd
NSE:DALBHARAT

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Dalmia Bharat Ltd
NSE:DALBHARAT
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Price: 1 906.3 INR -2.23%
Market Cap: ₹357.6B

P/S

2.5
Current
8%
Cheaper
vs 3-y average of 2.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.5
=
Market Cap
₹392.3B
/
Revenue
₹146.5B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.5
=
Market Cap
₹392.3B
/
Revenue
₹146.5B

Valuation Scenarios

Dalmia Bharat Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (2.7), the stock would be worth ₹2 071.89 (9% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-40%
Maximum Upside
+9%
Average Downside
4%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.5 ₹1 906.3
0%
3-Year Average 2.7 ₹2 071.89
+9%
5-Year Average 2.7 ₹2 082.57
+9%
Industry Average 1.5 ₹1 148.31
-40%
Country Average 2.6 ₹2 017.12
+6%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
₹392.3B
/
Jan 2026
₹146.5B
=
2.5
Current
₹392.3B
/
Mar 2026
₹152.3B
=
2.6
Forward
₹392.3B
/
Mar 2027
₹168.2B
=
2.3
Forward
₹392.3B
/
Mar 2028
₹185.9B
=
2.1
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
IN
Dalmia Bharat Ltd
NSE:DALBHARAT
362.2B INR 2.5 30.5
IE
CRH PLC
NYSE:CRH
79.2B USD 2.1 21.1
CH
Holcim AG
SIX:HOLN
40.1B CHF 2.5 3
US
Vulcan Materials Co
NYSE:VMC
39.4B USD 5 36.6
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 1.5 17.1
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 6.1 32.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 3.9 46.9
US
Amrize AG
SIX:AMRZ
23.6B CHF 2.5 24.9
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 1 11.3
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 7.3 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 1.1 45.1

Market Distribution

In line with most companies in India
Percentile
48th
Based on 2 983 companies
48th percentile
2.5
Low
0 — 1.5
Typical Range
1.5 — 4.6
High
4.6 —
Distribution Statistics
India
Min 0
30th Percentile 1.5
Median 2.6
70th Percentile 4.6
Max 56 363.4

Dalmia Bharat Ltd
Glance View

Dalmia Bharat Ltd., a stalwart in the Indian industrial landscape, has carved a distinguished path since its inception in the early 20th century. Initially rooted in the realms of cement production, the company has expanded its footprint across multiple segments of the infrastructure sector. As a significant player in the cement industry, Dalmia Bharat has developed a comprehensive portfolio that caters to diverse construction requirements. The company's manufacturing facilities, equipped with cutting-edge technology, enable efficient production processes that capitalize on both cost-management and innovation. It strives to maintain a delicate balance between sustainability and scalability, utilizing alternative fuels and raw materials to reduce its carbon footprint while ensuring robust growth metrics. The essence of Dalmia Bharat’s revenue model lies in its extensive distribution network and a diversified product range, which includes specialized cement types designed for different construction needs. By leveraging an extensive reach across both urban and rural markets, the company ensures consistent demand and captures a significant share of the market. Additionally, Dalmia Bharat augments its profitability through strategic partnerships and an unwavering focus on customer satisfaction, engendering brand loyalty and encouraging repeat business. With a firm commitment to excellence and innovation, coupled with a strategic expansion into emerging markets, Dalmia Bharat continues to ascend as a formidable force in the infrastructure industry, blending traditional expertise with modern efficiencies to sustain its market leadership.

DALBHARAT Intrinsic Value
1 688.52 INR
Overvaluation 11%
Intrinsic Value
Price ₹1 906.3
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