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 2026-11-06 close
Latest results: DALBHARAT Sep 2026 · RAMCOCEM Sep 2026
At a glance
- Dalmia Bharat Limited is the larger company by market value, about 1.4 times the size of The Ramco Cements Limited.
- On trailing earnings, The Ramco Cements Limited trades at the lower P/E (31.8 against 54.2).
- The Ramco Cements Limited earns the higher return on equity (7.5% against 2.8%).
- Over three years Dalmia Bharat Limited has grown profits faster (-1% a year against -6%).
- Over the past year the share prices returned -29.9% (DALBHARAT) and -21.7% (RAMCOCEM).
| Metric | Dalmia Bharat DALBHARAT |
Ramco Cements RAMCOCEM |
|---|---|---|
| Size and price | ||
| Market cap | ₹27,602 Cr | ₹19,313 Cr |
| Share price | ₹1,470.30 | ₹817.35 |
| Valuation | ||
| P/E | 54.23 | 31.75 |
| P/B | 1.55 | 2.38 |
| EV/EBITDA | 13.52 | 18.15 |
| Dividend yield | 0.6% | 0.2% |
| Profitability | ||
| ROE | 2.8% | 7.5% |
| ROCE | 8.0% | 6.0% |
| Operating margin | 18.4% | 13.6% |
| Sales (TTM) | ₹15,204 Cr | ₹9,452 Cr |
| Net profit (TTM) | ₹509 Cr | ₹608 Cr |
| Growth | ||
| Latest quarter sales YoY | +4.3% | +10.0% |
| Latest quarter profit YoY | -185.8% | -47.7% |
| 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 | 0.58 | 0.49 |
| Interest cover | 3.61 | 1.66 |
| Ownership | ||
| Promoter holding | 55.8% | 42.6% |
| Promoter change (4 qtrs) | +0.00 pp | +0.01 pp |
| Price performance | ||
| Return 1M | -10.35% | -3.27% |
| Return 3M | -19.33% | -12.78% |
| Return 1Y | -29.88% | -21.74% |
| Return YTD | -31.00% | -22.64% |
| Technical condition | ||
| Technical score | 20 | 52 |
| RS rating (1-99) | 15.00 | 28.00 |
| % vs 200-DMA | -19.46% | -12.74% |
| RSI (14) | 41.65 | 58.27 |
| % from 52-week high | -34.94% | -32.70% |
