Dalmia Bharat Limited vs The Ramco Cements Limited
An objective side-by-side of DALBHARAT and RAMCOCEM, both in Cement - South India: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: DALBHARAT Jun 2026 · RAMCOCEM Jun 2026
At a glance
- Dalmia Bharat Limited is the larger company by market value, about 1.6 times the size of The Ramco Cements Limited.
- On trailing earnings, The Ramco Cements Limited trades at the lower P/E (32.4 against 45.5).
- The Ramco Cements Limited earns the higher return on equity (8.0% against 4.0%).
- Over three years Dalmia Bharat Limited has grown profits faster (-1% a year against -6%).
- Over the past year the share prices returned -26.9% (DALBHARAT) and -15.4% (RAMCOCEM).
| Metric | Dalmia Bharat DALBHARAT |
Ramco Cements RAMCOCEM |
|---|---|---|
| Size and price | ||
| Market cap | ₹33,123 Cr | ₹20,914 Cr |
| Share price | ₹1,764 | ₹885.10 |
| Valuation | ||
| P/E | 45.50 | 32.42 |
| P/B | 1.84 | 2.58 |
| EV/EBITDA | 13.49 | 18.42 |
| Dividend yield | 0.5% | 0.2% |
| Profitability | ||
| ROE | 4.0% | 8.0% |
| ROCE | 8.0% | 6.0% |
| Operating margin | 25.6% | 14.6% |
| Sales (TTM) | ₹11,721 Cr | ₹9,228 Cr |
| Net profit (TTM) | ₹728 Cr | ₹645 Cr |
| Growth | ||
| Latest quarter sales YoY | +5086.7% | +9.6% |
| Latest quarter profit YoY | +481.8% | -63.3% |
| Sales CAGR 3Y | +3.0% | +3.0% |
| Profit CAGR 3Y | -1.0% | -6.0% |
| Sales CAGR 5Y | +8.0% | +11.0% |
| Profit CAGR 5Y | -2.0% | -20.0% |
| Financial strength | ||
| Debt/Equity | 0.41 | 0.48 |
| Interest cover | 3.61 | 1.66 |
| Ownership | ||
| Promoter holding | 55.8% | 42.5% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -6.99% | -2.41% |
| Return 3M | +3.11% | -0.14% |
| Return 1Y | -26.94% | -15.38% |
| Return YTD | -17.20% | -16.23% |
| Technical condition | ||
| Technical score | 32 | 40 |
| RS rating (1-99) | 38.00 | 38.00 |
| % vs 200-DMA | -7.18% | -9.36% |
| RSI (14) | 48.60 | 50.01 |
| % from 52-week high | -29.32% | -27.12% |
