Dalmia Bharat Limited (NSE:DALBHARAT)

Dalmia Bharat Stock Forecast

Stock Price Forecast

According to 34 analysts polled by S&P Global, Dalmia Bharat stock has a consensus rating of "Buy" and an average price target of ₹2,199. The average 1-year stock price forecast is 27.39% higher than the current stock price, while the lowest is ₹1,800 (+4.26%) and the highest is ₹2,522 (+46.08%).

Price Target: ₹2,199 (+27.39%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹1,800	₹2,199	₹2,200	₹2,522
Change	+4.26%	+27.39%	+27.43%	+46.08%

* Price targets were last updated on Apr 30, 2026.

Analyst Ratings

The average analyst rating for Dalmia Bharat stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	14	14	15	18	18	18
Buy	7	7	7	6	6	6
Hold	7	8	8	7	7	7
Sell	2	1	1	1	1	1
Strong Sell	4	4	3	2	2	2
Total	34	34	34	34	34	34

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Prateek Kumar Jefferies	Jefferies	Buy Maintains ₹2,500 → ₹2,445	Buy	Maintains	₹2,500 → ₹2,445	+41.62%	Apr 30, 2026
Sanjay Mookim J.P. Morgan	J.P. Morgan	Hold Maintains ₹1,860	Hold	Maintains	₹1,860	+7.74%	Apr 30, 2026
Unknown Analyst Geojit Research No rating	Geojit Research	Buy Maintains ₹2,508	Buy	Maintains	₹2,508	+45.27%	Feb 5, 2026

Financial Forecast

Revenue This Year

163.89B

Increased by 10.70%

from 148.04B

Revenue Next Year

180.81B

Increased by 10.33%

from 163.89B

EPS This Year

60.37

Decreased by -2.37%

from 61.84

EPS Next Year

76.94

Increased by 27.45%

from 60.37

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	112.86B	135.52B	146.91B	139.80B	148.04B	163.89B
Revenue Growth	11.63%	20.08%	8.41%	-4.84%	5.89%	10.70%
Gross Profit	69.62B	75.51B	85.07B	83.86B	91.60B	134.93B
Gross Margin	61.69%	55.72%	57.91%	59.99%	61.88%	82.33%
Operating Income	14.01B	12.14B	13.30B	12.16B	17.16B	17.70B
Net Income	8.16B	10.35B	8.26B	6.83B	11.39B	11.31B
EPS	-	-	-	-	61.84	60.37
EPS Growth	-	-	-	-	48.73%	-2.37%
Forward PE	45.17	32.39	28.10	32.45	24.11	28.60
Dividend / Share	9.00	9.00	9.00	9.00	9.00	8.76
Dividend Growth	-	-	-	-	-	-2.62%
Free Cash Flow	-582.50M	-14.05B	3.60B	-8.35B	8.41B	-8.90B
No. Analysts	-	-	-	-	-	35

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	174.9B
Avg	163.9B
Low	158.1B

Revenue Growth

Revenue Growth	2027	2028	2029
High	18.2%
Avg	10.7%
Low	6.8%

EPS Forecast

EPS	2027	2028	2029
High	79.90
Avg	60.37
Low	38.50

EPS Growth

EPS Growth	2027	2028	2029
High	29.2%
Avg	-2.4%
Low	-37.7%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Apr 30, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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