Price
Financials
Consolidated, Rs crore| Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 90.53 | 124.16 | 126.66 | 112.53 | 86.75 | 61.13 | 96.76 | 108.17 | 128.62 | 119.68 | 146.72 | 141.67 |
| Expenses | 84.51 | 111.34 | 114.07 | 99.90 | 78.47 | 55.65 | 86.30 | 99.57 | 119.21 | 106.89 | 133.03 | 127.21 |
| Operating Profit | 6.02 | 12.82 | 12.59 | 12.63 | 8.28 | 5.48 | 10.46 | 8.60 | 9.41 | 12.79 | 13.69 | 14.46 |
| OPM % | 6.65% | 10.33% | 9.94% | 11.22% | 9.54% | 8.96% | 10.81% | 7.95% | 7.32% | 10.69% | 9.33% | 10.21% |
| Other Income | 2.33 | 0.57 | 0.61 | 0.55 | 1.65 | 0.39 | 0.56 | 0.68 | 1.00 | 0.63 | 0.34 | 0.72 |
| Interest | 2.09 | 2.06 | 2.19 | 2.06 | 2.10 | 2.40 | 2.38 | 2.20 | 2.31 | 2.26 | 2.23 | 2.18 |
| Depreciation | 4.58 | 5.14 | 4.23 | 4.13 | 4.28 | 3.80 | 4.03 | 4.27 | 3.83 | 3.65 | 3.59 | 3.69 |
| Profit before tax | 1.68 | 6.19 | 6.78 | 6.99 | 3.55 | -0.33 | 4.61 | 2.81 | 4.27 | 7.51 | 8.21 | 9.31 |
| Tax % | 72.62% | 44.10% | 20.35% | 24.61% | 43.10% | 127.27% | 38.39% | 40.21% | 32.79% | 30.49% | 35.69% | 26.42% |
| Net Profit | 0.47 | 3.46 | 5.40 | 5.27 | 2.01 | -0.74 | 2.84 | 1.68 | 2.87 | 5.23 | 5.28 | 6.86 |
| EPS in Rs | 2.89 | 12.63 | 18.27 | 18.02 | 7.55 | -0.76 | 8.03 | 5.74 | 8.76 | 16.47 | 16.15 | 19.92 |
| Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32 | 48 | 73 | 94 | 83 | 117 | 160 | 178 | 241 | 450 | 395 | 537 |
| Expenses | 27 | 41 | 63 | 78 | 74 | 105 | 149 | 180 | 226 | 404 | 361 | 486 |
| Operating Profit | 4 | 7 | 9 | 16 | 9 | 12 | 11 | -2 | 15 | 46 | 34 | 50 |
| OPM % | 14% | 14% | 13% | 17% | 11% | 10% | 7% | -0.9% | 6% | 10% | 9% | 9% |
| Other Income | 3 | 2 | 3 | 2 | 0 | 0 | 1 | 2 | 5 | 3 | 3 | 3 |
| Interest | 0 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 3 | 8 | 9 | 9 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 10 | 9 | 11 | 18 | 16 | 15 |
| Profit before tax | 7 | 8 | 10 | 15 | 5 | 6 | -0 | -9 | 6 | 24 | 11 | 29 |
| Tax % | 32% | 35% | 35% | 33% | 30% | 36% | -24% | -30% | 33% | 31% | 42% | |
| Net Profit | 5 | 5 | 6 | 10 | 4 | 4 | -0 | -6 | 4 | 16 | 7 | 20 |
| EPS in Rs | 13.17 | -0.73 | -19.03 | 17.92 | 56.47 | 21.76 | 61.30 | |||||
| Dividend Payout % | 0% | 4% | 6% | 5% | 22% | 15% | -137% | -3% | 6% | 3% | 5% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 17% | % | 30% | 52% | ||
| Compounded Profit Growth | 7% | % | 45% | 198% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 2% | 5% | 3% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 16 | 20 | 25 | 31 | 40 | 49 | 52 | 183 | 208 | 186 | 163 | 243 |
| Borrowings | 3 | 3 | 7 | 17 | 18 | 12 | 22 | 22 | 25 | 138 | 150 | 139 |
| Other Liabilities | 5 | 10 | 12 | 17 | 34 | 32 | 33 | 59 | 66 | 155 | 122 | 168 |
| Total Liabilities | 25 | 34 | 45 | 66 | 93 | 96 | 111 | 267 | 302 | 483 | 437 | 554 |
| Fixed Assets | 7 | 7 | 10 | 18 | 19 | 28 | 27 | 121 | 113 | 208 | 216 | 206 |
| CWIP | 0 | 1 | 0 | 2 | 0 | 1 | 0 | 0 | 0 | 17 | 1 | 2 |
| Investments | 4 | 12 | 8 | 4 | 13 | 0 | 0 | 84 | 105 | 69 | 34 | 111 |
| Other Assets | 14 | 14 | 27 | 43 | 61 | 67 | 83 | 62 | 84 | 189 | 186 | 234 |
| Total Assets | 25 | 34 | 45 | 66 | 93 | 96 | 111 | 267 | 302 | 483 | 437 | 554 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | 11 | -5 | -2 | 12 | -5 | -3 | 21 | -18 | 16 | 2 | 53 |
| Cash from Investing Activity | -1 | -9 | 1 | -6 | -10 | 1 | -1 | -16 | 10 | -97 | -26 | -9 |
| Cash from Financing Activity | -1 | -1 | 4 | 9 | -1 | 4 | 6 | -8 | 7 | 110 | 2 | -19 |
| Net Cash Flow | 0 | 1 | -0 | 1 | 0 | -0 | 2 | -3 | -1 | 30 | -22 | 25 |
| Free Cash Flow | 2 | 9 | -9 | -13 | 10 | -17 | -5 | 20 | -19 | -31 | -7 | 48 |
| CFO/OP | 82% | 296% | -42% | 11% | 99% | -39% | -11% | 200% | 1,076% | 124% | 24% | 165% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 37 | 51 | 77 | 61 | 83 | 97 | 36 | 49 | 93 | 58 | 85 |
| Inventory Days | 497 | 291 | 266 | 247 | 319 | 434 | 294 | 156 | 173 | 204 | 116 | 125 |
| Days Payable | 147 | 183 | 143 | 159 | 253 | 195 | 135 | 91 | 92 | 172 | 97 | 164 |
| Cash Conversion Cycle | 394 | 145 | 173 | 166 | 127 | 321 | 255 | 102 | 129 | 124 | 77 | 45 |
| Working Capital Days | 125 | 52 | 122 | 130 | 107 | 145 | 108 | 14 | 44 | -18 | 18 | 10 |
| ROCE % | 31% | 28% | 25% | 30% | 12% | 13% | -4% | 3% | 10% | 6% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 51.6
Book Value₹ 918
ROCE5.85 %
ROE3.34 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)52%
Compounded Profit Growth (TTM)198%
Consolidated figures.
Valuation
Market capRs 35 Cr
Enterprise valueRs 138 Cr
P/E (TTM)1.84x
Price to book0.14x
Price to sales0.07x
EV / EBITDA2.61x
EV / EBIT3.61x
EV / sales0.26x
Price to cash flow0.67x
Earnings yield54.48%
Dividend yield0.90%
P/E, 3-year average2.05x
P/B, 3-year average0.08x
P/E, 5-year average2.05x
P/B, 5-year average0.08x
Profitability
Operating margin (excl. other income)8.61%
Operating margin (incl. other income)9.27%
EBITDA margin9.88%
Pre-tax margin5.46%
Net profit margin3.60%
Net margin, latest quarter4.43%
ROE3.33%
ROCE5.89%
ROA1.38%
ROE, 3-year average5.39%
ROCE, 3-year average6.34%
ROA, 3-year average2.23%
ROE, 5-year average2.59%
ROCE, 5-year average3.35%
ROA, 5-year average0.89%
ROIC (approx.)6.41%
Tax rate41.51%
Other income / net worth1.05%
Growth
Sales growth (latest year)-12.31%
Profit growth (latest year)-61.46%
Sales CAGR, 3 years30.28%
Sales CAGR, 5 years27.46%
Profit CAGR, 5 years10.57%
Sales growth QoQ-3.44%
Profit growth QoQ23.38%
Sales growth YoY (latest quarter)30.97%
Profit growth YoY (latest quarter)246.96%
Per share
EPS (TTM)Rs 61.29
EPS (latest year)Rs 21.76
EPS (latest quarter)Rs 19.92
EPS, 3-year averageRs 32.05
EPS, 5-year averageRs 15.28
Book value per shareRs 782.37
Sales per shareRs 1,702.65
Cash flow per shareRs 167.41
Free cash flow per shareRs 152.28
Dividend per share (latest year)Rs 1.02
Dividend per share, 3-year averageRs 1.17
Dividend per share, 5-year averageRs 1.01
Dividends
Dividend payout4.66%
Dividend payout, 3-year average4.32%
Dividend payout, 5-year average4.32%
Efficiency
Asset turnover0.71x
Fixed asset turnover1.92x
Inventory turnover3.18x
Inventory days115 days
Debtor days85 days
Debtors turnover4.31x
Creditor days164 days
Cash conversion cycle45 days
Working capital days10 days
Leverage
Total debtRs 139 Cr
Cash and bankRs 37 Cr
Net debtRs 103 Cr
Debt to equity0.56x
Net debt / EBITDA1.94x
Interest coverage4.26x
Owners' fund to total sources44.55%
Debt to assets25.17%
Cash flow
Cash from Operating Activity (latest year)Rs 53 Cr
Cash from Investing Activity (latest year)Rs -9 Cr
Cash from Financing Activity (latest year)Rs -19 Cr
Net Cash Flow (latest year)Rs 25 Cr
Free cash flow (latest year)Rs 48 Cr
FCFE (approx.: FCF + change in debt)Rs 38 Cr
Cash from ops / profit, 5 years3.52x
Sales to cash flow7.48x
Statement figures
Net sales (TTM)Rs 537 Cr
Net sales (latest year)Rs 395 Cr
Sales (latest quarter)Rs 142 Cr
Operating profit excl. other income (latest year)Rs 34 Cr
Operating profit (latest quarter)Rs 14 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 53 Cr
PBDT (TTM)Rs 44 Cr
Profit before tax (TTM)Rs 29 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 19 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 269 Cr
Total expenditure (latest year)Rs 361 Cr
Total income (latest year)Rs 397 Cr
Share capitalRs 3 Cr
ReservesRs 243 Cr
Shareholders' fundsRs 247 Cr
Total assetsRs 554 Cr
Net blockRs 206 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 111 Cr
ReceivablesRs 92 Cr
InventoryRs 85 Cr
Other liabilitiesRs 168 Cr
Shares outstanding (crore)0.32
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | DALMIAREF | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.1% | -2.8% | -1.3 pts |
| 1 month | -8.8% | -6.8% | -2.0 pts |
| 3 months | -12.2% | -7.6% | -4.6 pts |
| 6 months | +6.9% | +0.4% | +6.5 pts |
| 1 year | +57.9% | -9.9% | +67.8 pts |
| 3 years | +27.8% | +14.2% | +13.6 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 28% vs sales -12% in 2021 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2021Sales ₹142 Cr +31.0% vs Dec 2020.
Net profit ₹7 Cr +308.3%.
Activity
CompareNo listed peers in this industry.
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2013-08-06 | 40th Annual General Meeting / Dividend Of Rs.1.50/- Per Equity Share | |
| 2012-08-30 | Annual General Meeting / Div. Of Rs. 2/- Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Dalmia Refractories Ltd?
Dalmia Refractories Ltd (DALMIAREF) has a market capitalisation of Rs Cr. at the 2015-01-29 close.
What were Dalmia Refractories Ltd's latest quarterly results?
In the Dec 2021 quarter, Dalmia Refractories Ltd sales was Rs 142 Cr (+31.0% vs Dec 2020) and net profit was Rs 7 Cr.