Unlisted Shares
Dalmia Bharat Refractories Limited Unlisted Shares
Dalmia Bharat Refractories Limited (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Dalmia Bharat Refractories Limited Unlisted Shares
Dalmia Bharat Refractories Limited is a leading manufacturer of high-quality refractories in India. The company produces a wide range of refractory products used in steel, cement, glass, and other high-temperature industries. It is part of the Dalmia Bharat Group and focuses on advanced refractory solutions with strong emphasis on quality, innovation, and customer service.
Share Details
| company Name | Dalmia Bharat Refractories Limited (Unlisted) |
| indicative Unlisted Share Price | ₹275 |
| market Capitalization | ₹1039 Crore |
| lot Size | 100 |
| 52 Week High | ₹255 |
| 52 Week Low | ₹215 |
| face Value | ₹10 |
| book Value | ₹551.6 |
| pe Ratio | NA |
| pb Ratio | 0.43 |
| debt To Equity | 0.32 |
| return On Equity | -1.52 |
| total Outstanding Shares | 44,20,01,07 |
| isin | INE0B0I01025 |
| depository | NSDL & CDSL |
| pan | AAICS3708C |
| cin | L28100TN2008PLC069252 |
| rta | KFin Technologies Limited |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 300 | 346 | 116 | 106 |
| EBITDA | 4.8 | 25 | -21 | -20 |
| PBT | 11.6 | 105 | 58 | -37 |
| Net Profit / Loss (PAT) | 22 | 135 | 9 | -37 |
| EPS | 5.2 | 302.04 | 10.65 | -8.37 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 15.33 | 7.23 | -20.16 | -18.87 |
| Net Profit Margin (%) | 7.67 | 38.5 | 8.05 | -34.91 |
| EPS (₹) | 5.2 | 302.04 | 10.65 | -8.37 |
Financial Annual Report Summary
Revenue peaked in FY23 and declined in FY24-FY25 due to market conditions in steel and cement sectors. The company reported losses in FY25 due to higher costs and lower volumes. Strong book value provides a solid base despite recent challenges.
Why Invest in Dalmia Bharat Refractories
- Revenue volatility linked to steel and cement industry cycles.
- Strong PAT in FY23 followed by losses in FY25.
- Very high book value provides downside protection.
- Attractive valuation for long-term investors in refractories sector.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 256 | 97 | 286 | 271 |
| Trade Receivables | 337 | 148 | 252 | 19 |
| Inventory | 392 | 87 | 29 | 39 |
| Other Assets | 424 | 521 | 358 | 188 |
| Total Assets | 1,536 | 3,007 | 3,279 | 1,316 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 64.2 | 64.2 | 64.2 | 64.2 |
| Reserves | 907 | 2,232 | 2,567 | 2,383 |
| Borrowings | 150 | 89 | 577 | 767 |
| Trade Payables | 283 | 181 | 31 | 37 |
| Other Liabilities | 112.8 | 514.78 | 509.8 | 84.8 |
| Total Liabilities | 1,536 | 3,007 | 3,279 | 1,316 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Significant reserves growth. Borrowings increased in FY25.
Liabilities Breakdown
Borrowings rose to ₹767 Cr in FY25. Strong equity cushion due to high reserves.
Additional Insights
Very strong book value. Asset base supported by substantial reserves despite recent losses.
Cash Flow Insights
- Cash flow volatility due to working capital changes and industry cycles.
- Company is managing liquidity amid challenging market conditions.
Shareholding Pattern
Recent
Promoter: High (Dalmia Bharat Group)
Institutional: Low
Public: Moderate
Promoters & Management
Part of the reputed Dalmia Bharat Group with strong promoter backing.
Key Management
Promoter Led Team - Management
Refractories & Heavy Industry
Registrar & Transfer Agent (RTA)
Registrar: KFin Technologies Limited
Website: https://www.kfintech.com/
Management Analysis
Focus on maintaining leadership in refractories, improving operational efficiency, and navigating cyclical demand in steel and cement sectors.
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