Dalmia Bharat Refractories Unlisted Share Price Today
ISIN INE0EB001012.
Dalmia Refractories About Company Dalmia Bharat Refractories is an India-based refractory manufacturing company engaged in the production and supply of high-temperature refractory products used primarily in the steel and cement industries. The company’s revenue mix largely comprises the sale of magnesia carbon bricks and allied refractory materials, along with export sales through its overseas subsidiaries. Its earnings profile is therefore influenced by steel production cycles, raw material…
Dalmia Bharat Refractories
Dalmia Bharat Refractories Unlisted Share Price Today
About Company
Dalmia Bharat Refractories is an India-based refractory manufacturing company engaged in the production and supply of high-temperature refractory products used primarily in the steel and cement industries. The company’s revenue mix largely comprises the sale of magnesia carbon bricks and allied refractory materials, along with export sales through its overseas subsidiaries. Its earnings profile is therefore influenced by steel production cycles, raw material prices (particularly magnesite and graphite), and operating efficiency rather than financial income streams.
Dalmia Bharat Refractories follows a manufacturing-driven operating model, with a significant portion of its assets invested in plant & machinery and production facilities, including its Salem plant and overseas operations. The company does not operate as a diversified materials conglomerate but remains focused on refractory solutions. As a result, its financial performance is closely linked to capacity utilization, cost control, working capital management, and demand trends in end-user industries. Reported margins may fluctuate depending on raw material volatility, product mix, and operational restructuring initiatives.
Headquartered in New Delhi, India, Dalmia Bharat Refractories maintains a strong equity base and relatively moderate leverage.
Revenue declined sharply from ₹790 Cr (FY21) to ₹106 Cr (FY25) before rebounding 132% YoY in FY26, indicating an unstable business trajectory.
FY23 reported extraordinarily high EBITDA, EBIT, and PAT margins (300–500%+), suggesting significant non-operating or exceptional gains.
Despite revenue recovery, the company reported EBITDA loss of ₹86 Cr, PAT loss of ₹223 Cr, and EPS of -₹58, indicating severe earnings pressure.
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Financial Ratio Comparison (FY26)
Key Managerial Personnel
As of FY26Deepak Thombre is a seasoned business leader, executive coach, and board advisor with over 40 years of experience across consulting, manufacturing, and technology sectors. He is known for driving organizational growth, leadership development, and corporate governance initiatives.
Chandra Narain Maheshwari is a Chartered Accountant, Company Secretary, and Cost Accountant with over 40 years of experience in finance, risk management, and corporate governance. He has held senior leadership roles across the financial services industry and brings deep expertise in regulatory compliance and strategic oversight.
Rahul Sahni is the Chief Financial Officer of Dalmia Bharat Refractories and a Chartered Accountant with extensive experience in corporate finance, treasury, and financial strategy. He plays a key role in overseeing the company's financial planning, capital allocation, and governance initiatives.
