| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 300 | 346 | 116 | 106 |
| Cost of Material Consumed | 185 | 226 | 63 | 63 |
| Change in Inventory | -1 | -7 | 7 | 1 |
| Gross Margins | 38.67 | 36.71 | 39.66 | 39.62 |
| Employee Benefit Expenses | 30 | 50 | 19 | 18 |
| Other Expenses | 40 | 52 | 55 | 44 |
| EBITDA | 46 | 25 | -28 | -20 |
| OPM | 15.33 | 7.23 | -24.14 | -18.87 |
| Other Income | 1 | 13 | 121 | 93 |
| Finance Cost | 4 | 13 | 14 | 84 |
| D&A | 9 | 36 | 24 | 26 |
| EBIT | 37 | -11 | -52 | 46 |
| EBIT Margins | 12.33 | -3.18 | -44.83 | -43.4 |
| PBT | 35 | 1749 | 56 | -37 |
| PBT Margins | 11.67 | 505.49 | 48.28 | -34.91 |
| Tax | 12 | 414 | 9 | 0 |
| PAT | 23 | 1335 | 47 | -37 |
| NPM | 7.67 | 385.84 | 40.52 | -34.91 |
| EPS | 5.2 | 385.84 | 10.63 | -8.37 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 15.33 | 7.23 | -24.14 | -18.87 |
| Net Profit Margin | 7.67 | 385.84 | 40.52 | -34.91 |
| Earning Per Share (Diluted) | 5.2 | 302.04 | 10.63 | -8.37 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 256 | 97 | 286 | 271 |
| CWIP | 22 | 0 | 90 | 152 |
| Investments | 105 | 2264 | 2512 | 2647 |
| Trade Receivables | 337 | 148 | 24 | 19 |
| Inventory | 392 | 67 | 29 | 39 |
| Other Assets | 424 | 521 | 338 | 188 |
| Total Assets | 1536 | 3097 | 3279 | 3316 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 44.2 | 44.2 | 44.2 | 44.2 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 907 | 2232 | 2567 | 2383 |
| Borrowings | 159 | 89 | 577 | 767 |
| Trade Payables | 283 | 184 | 31 | 37 |
| Other Liabilities | 142.8 | 547.8 | 59.8 | 84.8 |
| Total Liabilities | 1536 | 3097 | 3279 | 3316 |
| Cash-Flow Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| PBT | 35 | 1723 | 71 | -37 |
| OPBWC | 95 | 131 | -26 | -18 |
| Change in Receivables | -128 | -127 | 94 | 9 |
| Change in Inventories | -143 | -54 | 13 | -10 |
| Change in Payables | 108 | 282 | -112 | 6 |
| Other Changes | 119 | -78 | -260 | 1 |
| Working Capital Change | -44 | 23 | -265 | 6 |
| Cash Generated From Operations | 51 | 154 | -291 | -12 |
| Tax | -31 | -14 | -31 | 7 |
| Cash Flow From Operations | 20 | 140 | -322 | -5 |
| Purchase of PPE | -47 | -19 | -6 | -76 |
| Sale of PPE | 0 | 3 | 0 | 4 |
| Cash Flow From Investment | -45 | -129 | -176 | -266 |
| Borrowing | 8 | 110 | 612 | 190 |
| Dividend | -0.3 | -2 | -6.5 | -7 |
| Equity | -2 | 0 | 0 | 0 |
| Others From Financing | -25 | -41 | -3.5 | -52 |
| Cash Flow from Financing | -19.3 | 67 | 602 | 131 |
| Net Cash Generated | -44.3 | 78 | 104 | -140 |
| Cash at the Start | 95 | 50 | 128 | 232 |
| Cash at the End | 50.7 | 128 | 232 | 92 |
Dalmia Bharat Refractories Limited (DBRL) is a leading refractories manufacturer in India, offering high-performance solutions to core industrial sectors such as steel, cement, glass, and non-ferrous metals. As part of the reputed Dalmia Bharat Group, the company benefits from a strong legacy, advanced manufacturing capabilities, and a deep understanding of high-temperature materials. DBRL operates multiple state-of-the-art plants and R&D facilities, enabling it to deliver customised refractory products, installation services, and technical support. With a focus on innovation, quality, and process efficiency, the company continues to play a critical role in supporting the operational reliability of heavy industries.
In the unlisted equities market, Dalmia Bharat Refractories Limited unlisted shares attract considerable attention due to the company’s strong market position and its strategic importance within India’s industrial value chain. The demand for refractory products is closely tied to growth in steel manufacturing, cement production, and infrastructure expansion—areas where India is witnessing significant activity. DBRL’s long-standing relationships with major industrial clients, combined with its expertise in end-to-end refractory solutions, contribute to stable revenue performance and long-term growth potential. Investors also value the company’s association with the Dalmia Group, which enhances credibility, governance, and operational discipline.
Looking forward, DBRL aims to strengthen its market leadership by investing in technology upgrades, expanding product lines, and enhancing energy efficiency across its operations. The company is also exploring opportunities to cater to the rising demand for advanced and environmentally sustainable refractory solutions, driven by global trends in green manufacturing. For investors considering unlisted shares, DBRL presents a compelling opportunity backed by sectoral growth, diversified industrial demand, and strong business fundamentals. However, as with any unlisted security, investors should carefully evaluate liquidity constraints, valuation transparency, and broader market risks. Conducting proper due diligence and reviewing financial metrics is essential before making an informed investment decision.
Q:1 How can I book Dalmia Bharat Refractories Limited Unlisted Shares?Answer: You can book Dalmia Bharat Refractories Limited Unlisted Shares by confirming your order with us at a trading price.
Q:2 What documents do I need to provide when buying these shares?Answer: You need to provide your client master report, PAN Card, and a Cancelled Cheque, unless you are transferring funds from the bank account mentioned in the CMR Copy.
Q:3 Why do I need to submit KYC documents?
Answer: KYC documents are required as per SEBI regulations to ensure compliance and verify your identity before the transaction.
Q:4 How do I transfer the payment for the shares?
Answer: You will need to transfer the funds via RTGS, NEFT, IMPS, or cheque transfer.Cash deposits are not accepted.
Q:5 Can I use a different bank account to transfer funds?
Answer: No, payment must be made from the same account in which the shares are to be credited.
Q:6 Will you provide the bank details for the transfer?
Answer: Yes, we will provide the necessary bank details for you to complete the transfer.
Q:7 What happens if I don't have a client master report?
Answer: If you do not have a client master report, please ask your broker for it, as it is necessary to complete the transaction.
Q:8 Is there any specific payment method I should avoid?
Answer: Yes, you should avoid cash deposits, as all payments must be made using electronic transfer methods or cheques.