## Dalmia Bharat’s Stock Price Analyzed
Key Points
- Emkay Global keeps “Add” rating, target at ₹2,450.
- Dalmia Bharat is building more cement factories.
- They plan to make cement in Rajasthan, Northeast, and East India.
- They’re getting limestone cheaply and using less coal.
- Demand is slowly getting better after a slow start to the year.
- Dalmia focuses on making money well, not just selling a lot.
Dalmia Bharat is a company that makes cement. This article looks at what experts think about their stock price today. It’s like checking if the stock is a good buy or not.
Analysts at a company called Emkay Global Financial Services have said that Dalmia Bharat’s stock is still a good investment. They think the company is doing a good job of growing and saving money. They have a target price of ₹2,450, meaning they think the stock price will go up to that amount.
The analysts like that Dalmia Bharat is building new cement factories. They want the company to make a lot more cement – about 62 million tonnes a year by 2028. This is a big increase from the 50 million tonnes they’re making now. They’re building factories in places like Kadapa, Pune, and Belgaum.
Dalmia Bharat even has plans to make *even more* cement in the future, up to almost 70 million tonnes. They’re planning to build a new factory in a place called Jaisalmer in Rajasthan, and they’re also making their existing factories even better. They’re also building smaller factories in the Northeast and eastern parts of India.
It’s important to remember that sometimes things are tough for cement companies. Demand might go down, and prices might drop. But Dalmia Bharat is trying to fix this by buying limestone cheaply (around 22% more expensive than other companies) and using less coal. They’re also getting help from the government to make things easier.
In the Northeast, they’re building a small factory quickly to make cement, and they’re using a new place called Umrangso, Assam. The company is working hard to make its cement factories efficient and profitable.
Experts say that demand for cement has been slow recently because of things like heavy rain and changes in taxes. But they think things will get better soon, especially in eastern and southern India. However, prices might still be a little lower for a while.
Dalmia Bharat is also trying to save money by being smart about how they do things. They plan to save about ₹150 to ₹200 for every tonne of cement they make by 2027. They’re already saving money by using less coal and making better use of renewable energy. They expect to save even more money because of changes in taxes.
Dalmia Bharat’s stock price went up a little bit on Tuesday. Over the past year, it’s gone up about 16%, and over the last five years, it’s gone up a lot – 97.5%! Experts think that a recent drop in the stock price is a good time to buy it, because they think prices will go up again.
“The Jaisalmer project is positioned as a key building block in Dalmia’s journey toward a pan-India presence, excluding Central India. The management indicated that statutory approvals are in progress,” Emkay Global noted.
The company is focusing on making money well, not just selling a lot of cement, especially in the eastern part of India.
“Weak demand during Q3FY26 to date has weighed on pricing, particularly in the non-trade segment, where prices declined by ₹20–25 per bag. This is expected to result in a 3-4 per cent quarter-on-quarter drop in blended realizations,” Emkay highlighted.
Dalmia Bharat’s stock price gained 2.2 per cent on the National Stock Exchange (NSE) on Tuesday. The stock has gained around 16 per cent on the NSE, thus far, in calendar year 2025, and is up 2 per cent in the last one month. While Dalmia Bharat shares have surged 16 per cent in three year, they have jumped 97.5 per cent in the last five years.
“We see the industry pricing environment improving from January 2026, mainly in East/South India. Hence, any price hike in ensuing months will lead to better stock returns for Dalmia,” the brokerage said, valuing Dalmia at 11x EV/Ebitda on Sept 2027 estimates.
Ultimately, understanding a company’s future plans and how well it’s managing its money is key to a successful investment.
