Dalmia Bharat Limited — Credit Ratings, 12-08-2025: Credit Rating

Dalmia Bharat's credit ratings 'CRISIL AA+/Stable/CRISIL A1+' have been reaffirmed, signaling a strong financial footing. This reflects the company's solid market position & cost-efficient operations. Despite an FY25 income dip, Q1 FY26 profitability shows recovery from better cement prices. The stable outlook indicates confidence in Dalmia Bharat's ability to fund its ambitious Rs 6,800 Cr capacity expansion, with leverage expected to remain manageable. Robust liquidity, including Rs 3,722 Cr in cash and Rs 1,861 Cr worth of IEX shares, provides significant strategic room. This reaffirmation boosts investor confidence and supports future growth initiatives.