Dalmia Bharat - Well-Placed To Gain Market Share: Motilal Oswal
A worker puts cement on a brick before installing it on a building. (Photographer: Patrick Fallon/Bloomberg)

Dalmia Bharat - Well-Placed To Gain Market Share: Motilal Oswal

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.

Motilal Oswal Report

Dalmia Bharat Ltd. is the fifth largest cement manufacturer by installed capacity in India (30.75 million tonnes per annum), with a presence in the eastern and southern regions of India.

The company continued to post market share gains as FY21 volumes grew 7% YoY (9% YoY including volumes sold in the trial runs at new plants) despite the pandemic.

Cost is expected to rise in the near term due to higher cost of steel slag and energy.

However, the industry has taken a sharp 20% price hike in eastern India (~50% of the company’s volumes) in the last two months, which would lead to margin expansion.

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Motilal Oswal Investment Idea Dalmia Bharat.pdf

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