Dalmia Bharat Ltd vs Ultratech Cement Ltd Stock Comparison

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Last Updated on: Mar 20, 2026

Key Highlights

The Latest Trading Price of Dalmia Bharat Ltd is ₹ 1839 as of 20 Mar 15:30 . The P/E Ratio of Dalmia Bharat Ltd changed from 25.1 on March 2021 to 50.6 on March 2025 . This represents a CAGR of 15.05% over 5 yearsThe P/E Ratio of UltraTech Cement Ltd changed from 35.6 on March 2021 to 56.1 on March 2025 . This represents a CAGR of 9.52% over 5 years The Market Cap of Dalmia Bharat Ltd changed from ₹ 29696 crore on March 2021 to ₹ 34126 crore on March 2025 . This represents a CAGR of 2.82% over 5 yearsThe Market Cap of UltraTech Cement Ltd changed from ₹ 194474 crore on March 2021 to ₹ 339011 crore on March 2025 . This represents a CAGR of 11.76% over 5 years The revenue of Dalmia Bharat Ltd for the Dec '25 is ₹ 3568 crore as compare to the Sep '25 revenue of ₹ 3483 crore. This represent the growth of 2.44% The revenue of UltraTech Cement Ltd for the Dec '25 is ₹ 21965 crore as compare to the Sep '25 revenue of ₹ 19781 crore. This represent the growth of 11.04% The ebitda of Dalmia Bharat Ltd for the Dec '25 is ₹ 632 crore as compare to the Sep '25 ebitda of ₹ 762 crore. This represent the decline of -17.06% The ebitda of UltraTech Cement Ltd for the Dec '25 is ₹ 3957 crore as compare to the Sep '25 ebitda of ₹ 3262 crore. This represent the growth of 21.28% The net profit of Dalmia Bharat Ltd changed from ₹ 145 crore to ₹ 128 crore over 7 quarters. This represents a CAGR of -6.88% The net profit of UltraTech Cement Ltd changed from ₹ 1493 crore to ₹ 1729 crore over 7 quarters. This represents a CAGR of 8.74% The Dividend Payout of Dalmia Bharat Ltd changed from 98.42 % on March 2021 to 90 % on March 2025 . This represents a CAGR of -1.77% over 5 yearsThe Dividend Payout of UltraTech Cement Ltd changed from 19.99 % on March 2021 to 36.88 % on March 2025 . This represents a CAGR of 13.03% over 5 years .

About Dalmia Bharat Ltd

Dalmia Bharat Limited (DBL), a leading cement major producers, was established in 1939 by Shri Jaidayal Dalmia with a cumulative installed capacity of 44.6 MTPA. The Company presently has 15 manufacturing plants, serving customers across 23 states with a network of 41,000+ dealers and sub dealers.
It has a significant market presence in each of its three businesses - Cement, Sugar and Refractories. Dalmia Bharat Limited (DBL) was incorporated on July 12, 2013 in the name of 'Odisha Cement Limited' and as per the Scheme of Arrangement and Amalgamation approved by the NCLT, Chennai, the name of the Company was changed from Odisha Cement Limited to Dalmia Bharat Limited vide fresh certificate of incorporation dated April 15, 2019. The Board of Directors of the Company had, at its meeting held on March 28, 2016, approved the Scheme of Arrangement and Amalgamation amongst the Company, OCL India Limited, Dalmia Cement East Limited, Shri Rangam Securities & Holdings Limited and Dalmia Bharat Cements Holdings Limited and their respective shareholders and creditors.

About UltraTech Cement Ltd

UltraTech Cement Limited was incorporated on August 24, 2000 as a Public Limited Company with the name 'L&T Cement Limited' as a 100% subsidiary of Larsen & Toubro Limited.
On November 2003, Company's name was changed from L&T Cement Limited to UltraTech Chem Co. Limited.
In July 2004, Grasim Industries Ltd acquired management control of the Company and the name was changed from UltraTech ChemCo Limited to UltraTech Cement Limited on October 14, 2004. The Company is the largest manufacturer of Grey Cement, Ready Mix Concrete (RMC) and White Cement in India.
It is also one of the leading cement producers globally.
With a consolidated Grey Cement Capacity of 132.4 MTPA, it is the third largest cement producer in the world excluding China, and the only one globally (out of China) to have over 100 MTPA of cement manufacturing capacity in a single country.

FAQs for the comparison of Dalmia Bharat Ltd and UltraTech Cement Ltd

Which company has a larger market capitalization, Dalmia Bharat Ltd or UltraTech Cement Ltd?

Market cap of Dalmia Bharat Ltd is 34,507 Cr while Market cap of UltraTech Cement Ltd is 322,018 Cr

What are the key factors driving the stock performance of Dalmia Bharat Ltd and UltraTech Cement Ltd?

The stock performance of Dalmia Bharat Ltd and UltraTech Cement Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Dalmia Bharat Ltd and UltraTech Cement Ltd?

As of March 20, 2026, the Dalmia Bharat Ltd stock price is INR ₹1839.75. On the other hand, UltraTech Cement Ltd stock price is INR ₹10927.75.

How do dividend payouts of Dalmia Bharat Ltd and UltraTech Cement Ltd compare?

To compare the dividend payouts of Dalmia Bharat Ltd and UltraTech Cement Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.