amit@unlistedkraft.com
+91-9599071664
+91-9599071664
Dalmia Bharat Refractories Limited
DRHP Status : Not Filed
250
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 790 | 300 | 346 | 116 |
| Cost of Material Consumed | 446 | 185 | 226 | 63 |
| Gross Margins | 43.54 | 38.33 | 34.68 | 45.69 |
| Change in Inventory | 4 | -1 | -7 | 7 |
| Employee Benefit Expenses | 94 | 30 | 50 | 19 |
| Other Expenses | 190 | 40 | 52 | 55 |
| EBITDA | 56 | 46 | 25 | -28 |
| OPM | 7.09 | 15.33 | 7.23 | -24.14 |
| Other Income | 7 | 1 | 13 | 121 |
| Finance Cost | 11 | 4 | 13 | 14 |
| D&A | 56 | 9 | 36 | 24 |
| EBIT | 0 | 37 | -11 | -52 |
| EBIT Margins | 0 | 12.33 | -3.18 | -44.83 |
| PBT | -3 | 35 | 1749 | 56 |
| PBT Margins | -0.38 | 11.67 | 505.49 | 48.28 |
| Tax | 1 | 12 | 414 | 9 |
| PAT | -4 | 23 | 1335 | 47 |
| NPM | -0.51 | 7.67 | 385.84 | 40.52 |
| EPS | -571.43 | 5.2 | 302.04 | 10.63 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 7.09 | 15.33 | 7.23 | -24.14 |
| Net Profit Margin | -0.51 | 7.67 | 385.84 | 40.52 |
| Earning Per Share (Diluted) | -571.43 | 5.2 | 302.04 | 10.63 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 262 | 256 | 97 | 286 |
| CWIP | 7 | 22 | 0 | 90 |
| Investments | 111 | 105 | 2264 | 2512 |
| Trade Receivables | 212 | 337 | 148 | 24 |
| Inventory | 249 | 392 | 67 | 29 |
| Other Assets | 519.07 | 424 | 521 | 338 |
| Total Assets | 1360.07 | 1536 | 3097 | 3279 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 0.07 | 44.2 | 44.2 | 44.2 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 925 | 907 | 2232 | 2567 |
| Borrowings | 150 | 159 | 89 | 577 |
| Trade Payables | 177 | 283 | 184 | 31 |
| Other Liabilities | 108 | 142.8 | 547.8 | 59.8 |
| Total Liabilities | 1360.07 | 1536 | 3097 | 3279 |
| Name | Holding |
|---|---|
| State Bank Of India | 62.21% |
| Amundi India Holding | 36.54% |
| Other | 1.25% |
Dalmia Bharat Refractories Limited (DBRL), a public company incorporated in 2006, is formed through the amalgamation of the refractory business of the Dalmia group, focusing on high-performance refractory materials, solutions, and services for iron and steel makers
Strengths:
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Market Leadership: DBRL holds a dominant position in the Indian refractory market, particularly in alumina bricks used in cement manufacturing, boasting a market share exceeding 50%. This leadership underscores its competitive edge and established industry presence. ​Wealth Wisdom+1Unlisted stock broker in india+1
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Strategic Partnerships and Expansion: The company has engaged in joint ventures, such as the collaboration with Seven Refractories of Europe, resulting in a state-of-the-art production line in Katni with an annual capacity of 45,000 MT. This initiative enhances DBRL's product offerings and strengthens customer relationships. ​integratedfincap.in
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Robust Financial Position: DBRL benefits from strong financial flexibility, supported by a substantial net worth and significant marketable investments. These financial resources provide resilience and capacity for future growth initiatives. ​Care Ratings
Weaknesses:
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Price Volatility of Unlisted Shares: Investing in DBRL's unlisted shares may involve higher price volatility compared to listed securities. The absence of regular public trading can lead to significant price fluctuations, posing risks for investors seeking stable returns. ​
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Liquidity Constraints: Unlisted shares inherently face liquidity challenges, making it potentially difficult for investors to buy or sell holdings promptly. This reduced marketability can impact the ease of entry and exit from investments in DBRL.
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Regulatory and Market Risks: As with any company, DBRL is subject to regulatory changes and market dynamics that could affect its operations and financial performance. Investors should consider these factors when evaluating potential risks associated with the company's unlisted shares.
+91-9599071664
amit@unlistedkraft.com