Dalmia Bharat: A Play On Size And Attractive Valuations, Says Prabhudas Lilladher
A worker carries a sack of cement under a conveyor in a warehouse  in Ferozabad, Uttar Pradesh, India. (Photographer: Udit Kulshrestha/Bloomberg)

Dalmia Bharat: A Play On Size And Attractive Valuations, Says Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Dalmia Bharat Ltd. is India’s fourth largest cement producer with capacity of 29.6 million tonne, spread over East, South and West region.

In South (40% volume share), more than 75% volumes come from profitable states of Tamil Nadu, Karnataka and Kerala while volatile and oversupply prone states of Andhra Pradesh and Telangana constitute only 25% of volumes.

In East (50% of volumes), the company enjoys logistics edge over peers with integrated operations in Odisha.

Led by strong market positioning and competitive cost structure, the company’s margins rank in top quartile of the sector.

Click on the attachment to read the full report:

Prabhudas Lilladher Dalmia Bharat Company Update.pdf

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