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DALBHARAT

Dalmia Bharat Ltd

₹1891.45

Dalmia Bharat Ltd Results Summary

Revenue
₹3009Cr
Net Profits
₹46Cr
Net Profit Margins
1.53%

Highlights

Revenue:

Dalmia Bharat Ltd’s revenue jumped 14.58% since last year same period to ₹3009Cr in the Q2 2022-2023. On a quarterly growth basis, Dalmia Bharat Ltd has generated -9.48% fall in its revenue since last 3-months.

Net Profits:

Dalmia Bharat Ltd’s net profit fell -76.77% since last year same period to ₹46Cr in the Q2 2022-2023. On a quarterly growth basis, Dalmia Bharat Ltd has generated -76.53% fall in its net profits since last 3-months.

Net Profit Margins:

Dalmia Bharat Ltd’s net profit margin fell -79.72% since last year same period to 1.53% in the Q2 2022-2023. On a quarterly growth basis, Dalmia Bharat Ltd has generated -74.07% fall in its net profit margins since last 3-months.

Key Ratios

Key ratios of the Dalmia Bharat Ltd post its Q2 2022-2023 results

Earning Per Share (EPS)
49.26
Return on Equity (ROE)
2.63
Dividend Per Share (DPS)
9

Highlights

Earning Per Share (EPS):

Dalmia Bharat Ltd’s earning per share (EPS) fell -26.12% since last year same period to 49.26 in the Q2 2022-2023. This indicates that the Dalmia Bharat Ltd has generated -26.12% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return On Equity (ROE):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Dalmia Bharat Ltd’s return on equity (ROE) stands at 2.63.

Dividend Per Share (DPS):

Dalmia Bharat Ltd declared 9 dividend per share during the results announcement for Q3 2022-2023.

Company Information

Dalmia Bharat Limited DBL a leading cement major producers was established in 1939 by Shri Jaidayal Dalmia with a cumulative capacity of 35.9 MTPA. The Company presently has 14 manufacturing plants serving customers across 22 states with a network of 32000 dealers and sub dealers. It has a significant market presence in each of its three businesses cement sugar and refractories. Dalmia Bharat Limited DBL was incorporated on July 12 2013 in the name of Odisha Cement Limited under the Companies Act 1956 and as per the Scheme of Arrangement and Amalgamation approved by the NCLT Chennai the name of the Company was changed from Odisha Cement Limited to Dalmia Bharat Limited vide fresh certificate of incorporation dated April 15 2019. The Board of Directors of the Company had at its meeting held on March 28 2016 approved the Scheme of Arrangement and Amalgamation amongst the Company OCL India Limited Dalmia Cement East Limited Shri Rangam Securities Holdings Limited and Dalmia Bharat Cements Holdings Limited and their respective shareholders and creditors. The Scheme 1 involves the following: a Slump Sale of Rail Power Solid Waste Management System Undertakings of OCL India Limited the holding company to the Company as a going concern together with all its properties assets liabilities rights benefits and interest therein without assigning value to individual assets and liabilities. b Amalgamation of residual of OCL India Limited with the Company. c Slump Sale of Rail Solid Waste Management System Undertakings of Dalmia Cement East Limited to the Company as a going concern together with all its properties assets liabilities rights benefits and interest therein without assigning value to individual assets and liabilities d Amalgamation of i residual Dalmia Cement East Limited ii Dalmia Bharat Cements Holdings Limited and iii Shri Rangam Securities Holdings Limited with the Company and e Change in name of the Company to OCL India Limited. The Scheme 1 has also been consented to by the shareholders of the Company and approved by various authorities and by the shareholders of other companies involved in the Scheme 1 as per the provisions of law. The proceedings with respect to Scheme 1 are pending before jurisdictional National Company Law Tribunal Benchs for their sanction.The Board of Directors of the Company had at its meeting held on November 05 2016 also approved the Scheme of Arrangement and Amalgamation amongst the Company Dalmia Bharat Limited and Dalmia Cement Bharat Limited Scheme 2. The Scheme 2 involves the following: a The reduction and reorganization of authorized issued subscribed and paidup share capital of the Company b Amalgamation of Dalmia Bharat Limited with the Company and reduction of the entire issued subscribed and paidup share capital of the Company held by Dalmia Cement Bharat Limited and corresponding reduction of the securities premium account of Dalmia Cement Bharat Limited and c The transfer and vesting of Transferred Undertaking as defined in the Scheme 2 of the Company post the Amalgamation of Dalmia Bharat Limited with the Company to Dalmia Cement Bharat Limited by way of Slump Exchange. Scheme 2 is inter alia conditional upon the effectiveness of the Scheme 1 subject to approval of shareholders creditors and other applicable regulatory authorities.The registered office of the Company has been shifted from the State of Odisha to the State of Tamil Nadu under the Jurisdiction of the Registrar of Companies Chennai with effect from September 02 2016.Pursuant to the Schemes of Arrangement and Amalgamation the Company had on October 27 2018 issued and allotted 56900220 equity shares of Rs.10/ each to the shareholders of erstwhile OCL India Limited and the Company got listed and started trading on BSE Limited and National Stock Exchange of India Limited with effect from December 21 2018. Out of said 56900220 equity shares 265428 equity shares were allotted to the Investor Education and Protection Fund and the dividend accrued on the said shares amounting to 7451227.67 Rs.1.70 per share declared by the Company at its Annual General Meeting held on December 312018 has also been transferred to Investor Education and Protection Fund. Further Pursuant to the Scheme the share capital of the Company was then reduced on January 09 2019 to 14420947 equity shares of Rs.2/ each by reduction of face value of shares from Rs.10/ each to Rs.2/ each and cancellation of cross holding of Dalmia Cement Bharat Limited. The said Shares of the Company post reduction got listed and trading commenced with effect from January 22 2019. Further on January 09 2019 the Company had issued and allotted 178306606 equity shares of Rs.2/ each to the shareholders of erstwhile Dalmia Bharat Limited and the same got listed and trading commenced with effect from January 25 2019.The Company had 30 subsidiaries and 2 joint venture companies as on March 31 2019.The name of the Company has been changed from Odisha Cement Limited to Dalmia Bharat Limited with effect from April 15 2019.During the financial year 201819 the Companys material subsidiary namely Dalmia Cement Bharat Limited DCBL has given a bank guarantee of Rs.50 Crore to the Resolution Professional appointed for revival of Murli Industries Limited MIL as per the Resolution Plan filed pursuant to the provisions of Insolvency and Bankruptcy Code and recommended by the Committee of Creditors to the National Company Law Tribunal Mumbai Bench for its approval. Following receipt of requisite approvals the Resolution Plan provides for payment of Rs.402 Crore to the creditors of MIL. The matter is currently pending disposal at the NCLT Mumbai Bench.During the financial year ended 31st March 2019 certain mutual fund units Securities valued at Rs.344 Crore value as on 31st December 2018 and carried at same value were illegally and fraudulently transferred by one of the Depository Participant DP from demat accounts of its subsidiary company namely DCBL. Based on the complaint filed by DCBL and after preliminary enquiry the Economic Offences Wing Delhi EOW directed the Clearing Agent of DP i.e. ISSL not to deal with the Securities and also froze such Securities till further orders.The Government of Assam granted Mega Project status to one of the step down Subsidiary namely Calcom Cement India Limited COIL under the Industrial and Investment Policy of Assam 2014 for the investment done for establishment of clinkerisation unit at Umrangshu Assam. The said unit will be entitled to 100 reimbursement of net State Goods and Services Tax SGST paid for a period of 15 years from the date of commercial production. Accordingly 100 remission of SGST for the period from July 01 2017 to March 31 2019 of Rs.51 crores has been recognized as income on reasonable assurance during the year under review.During the year 2019 the profitability of CCIL improved on account of better utilization of installed capacity increase in demand of cement and also recognition of remission of SGST. Accordingly CCIL recognised deferred tax assets of Rs.51 crores during the current year under review.The Cement manufacturing facility at one of the step down subsidiary namely Dalmia DSP Limited has been commissioned on March 312019.The Company had 31 subsidiaries and 2 joint venture companies as on March 31 2020. In FY20 the Company completed the acquisition of OCL Limited in Eastern India and acquired Kalyanpur Cement in Bihar which is now ranamed as Dalmia DSP Limited. It completed restructuring to emerge as a single listed entity reducing the number of subsidiaries from 6 to 2. It launched Craft Beton. It increased the installed capacity to 26.5 million tonnes per annum. It signed a MoU with Carbon Clean Solutions Limited CCSL UK to progress on Carbon Capture and Utilization CCU. In FY22 Company launched Dalmia Cement Future Today DCFT and Infra Profrom the first manufacturing facility in Maharashtra. It started commercial operation of new cement grinding plant having capacity of 2.25 MnT at Dalmia DSP Unit II near Cuttack Odisha. AQC Boiler was commissioned in August 2021 and PH Boiler in October 2021 for Kadappa power. It commissioned Solar power plants for Medinipur 4.10 MWp in October 2021 and Kapilas 17.5 MWp in November 2021. It established a new alternative fuels and raw materials AFR feeding system to coprocess different kinds of waste At their Ariyalur plant in Tamil Nadu. In FY22 it increased 9.4 MW units of WHRS and 22.1 MW of solar power capacity. It completed the sales of Hippo Stores. Besides it offloaded 5.2 equity stake in the India Energy Exchange IEX for Rs. 614 crore.

Organisation
Dalmia Bharat Ltd
Headquarters
Tiruchirapalli
Industry
Cement

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