On Birla Tyres
CareEdge Rating expects the tyre business to ramp up its scale of operations with
expectations of break even in FY27
Page 3
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However, ratings continue to derive strength from DBRL being a part of the resourceful Dalmia Bharat Group, which makes
significant flexibility available with it. Investments (March 31, 2026: ₹2306 crores; majorly comprising of equity shares of RHI
Magnesita India Limited worth ₹913 crore, equity shares of Dalmia Bharat Limited worth ₹627 crore, optionally convertible
debentures (OCDs) in Hippostores Technology Private Limited (Hippostores) worth ₹425 crore and balance other liquid
investments) held by DBRL provides it sufficient buffer to meet its repayment obligations till the time company starts generating
accruals, although value of investments moderated significantly from ₹2728 crore as on March 31, 2025, due to decline in value
of some of its listed investments. As a result, investment plus liquidity to debt multiplier moderated to 2.41x as on March 31,
2026, from 3.53x as on March 31, 2025.
Page 1
For full Report please click ;-
Blog Credit to ;-
Mr. Vijay, Jalandhar , m 7009409142
himanshusoi478@gmail.com
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OLD POSTS
February 17, 2026
Dalmia Bharat Refracttories BV Rs.665+ Fractions Paid at VERY Low Rs 171.89 p Per Share
Please click ;
https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/2026216/16022026_DALMIARF_01.pdf
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Blog Comments
1. There is no treading in Metropolitan Stock Exchange.
2.Book value is Rs.665 + per share
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OLD POSTS
April 09, 2024
Dalmia Bharat Refractories. Book Value Rs.665 /38 Worked Out by Analysts / Dealers
Please click -
https://www.planify.in/research-report/dalmia-bharat-refractories-limited/
Blog Credit to ;-
Mr. Vijay, Jalandhar , m 7009409142
himanshusoi478@gmail.com
==
Blog Request Please Recheck All Details
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OLD POSTS
March 19, 2024
Dalmia Bharat Refractories Becoming like Dalmia Grup's Tata Investments / Bajaj Holdings / Nalwa Sons
Dalmia Bharat Refractories has become Dalmia Group's Holding ComPANY
Huge Investments in Hippo Stores
Please click ;-
https://drive.google.com/file/d/1CzY7bYRIDW35WCgHndx8UCkdkp52OZDJ/view?usp=sharing
https://drive.google.com/file/d/1_spvoURdOfxvtCJcczSQUSL45_QHkeic/view?usp=sharing
Blog Credit to ;-
Mr. Vijay, Jalandhar , m 7009409142
himanshusoi478@gmail.com
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Hippo Stores site
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OLD POSTS
February 16, 2024
Dalmia Bharat Refractories - Rs 676 / 50 p per share Valuation by Company's Calculations
Fantastic Official Valuation and Hidden Assets
Please refer to Page 5 , Point 16;2 of the link
https://www.dalmiaocl.com/documents/Valuation_Report.pdf
Share Exchange Ratio between Dalmia Bharat Sugar and Dalmia Bharat Refractories
https://www.dalmiaocl.com/documents/Scheme_of_Arrangment.pdf
Blog Credit to ;-
Mr. Vijay, Jalandhar , m 7009409142
himanshusoi478@gmail.com
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OLD POSTS
February 06, 2024
Dalmia Bharat Refractories -Share Trading Around Rs. 250 in Unlisted Market Excellent Q3- 2024 Results . Merger of some Dalmia Sugar Units
For Q3 -2024 , please click ;-
Blog Credit to ;-
Mr. Vijay, Jalandhar , m 7009409142
himanshusoi478@gmail.com
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Merger of some Units of Dalmia Bharat Sugar
https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/202422/02022024_DALMIARF_03.pdf
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Because of Demerrger ,shareholders of Dalmia Bharat Sugar , which id listed in NSE and BSE would get shares of Dalmia Bharat Refractories ,which is a defacto Unlisted share , So Dalmia Bharat Refractories ' share would get listed in BSE / NSE
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Dalmia Bharat Refractories Listing - SEBI new Rules
SEBI New Listing rules
Time period for trading and listing of securities post merger/demerger has been extended by 15 days {i.e. earlier time period of 45 days (Trading in Securities) has been extended to 60 Days (which includes both listing & trading of Securities} from the date of NCLT order.
Important ;
Dalmia Bharat Sugar is listed in BSE / NSE.
Dalmia Bharat Refractories has been listed at Calcutta Stock Exchange and Metropolitan Stock Exchange , which have no share trading .
EXPERTS OPINE THAT INVESTORS OF DALMIA BHARAT CANNOT GET SHARES OF OF NON OPERATIONAL STOCK EXCHANGES LISTED COMPANY.
SO THERE WOULD BE NSE / BSE LISTING OF DALMIA BHARAT REFRACTORIES
Please Recheck this.
As such there are , now , no sellers , in the Unlisted Market , of shares of Dalmia Bharat Refractories even at Rs. 200 / share
Blog Caution
PLEASE RECHECK INDEPENDENTLY.
CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THESE POINTS .
PLEASE DO ONLY A FURTHER SELF STUDY
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January 12, 2024
Dalmia Bharat Refractories Exciting Prospects in Magnesia Carbon and Birla Tyres
Please click ;-
https://drive.google.com/file/d/14SJxu6Pb6qiZIUO79xM4bzkn31qlePsl/view?usp=sharing
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December 23, 2023
Dalmia Bharat Refractories Shareholders Demand Allotment of Dalmia Bharat shares on Proportionate Basis
Dalmia Bharat Refractories which already held a sizable holding in Dalmia Bharat Limited has further 6 lakh 53 , 000 shares of Dalmia Bharat at Rs. 2201 / share.
https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/20231222/22122023_DALMIARF_01.pdf
Shareholders
of Dalmia Bharat Refractories are demanding that the holding of Dalmia
Bharat be allotted to shareholders of Dalmia Bharat Refractories , on a
Prorata basis as a Bonus issue
Dalmia Bharat Ltd is Listed in BSE /NSE whereas Dalmia Bharat Refractories shares are defacto Unlisted.
Hence , shareholders of Dalmia Refectories will have an opportunity to en cash some part of their holdings in BSE / NSE.
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'What is going on in Dalmia Bharat Refractories and Metropolitan Stock Exchange'-? Investors are asking.
1 Had Dalmia Bharat Refractories , which is Rs. 10 paid up ,been listed at BSE / NSE its rate would have been upward of Rs. 500 .?
2 . Why is Dalmia Bharat Refractories avoiding BSE / NSE listing. ?
3 . How is Metropolitan Stock Exchange showing transactions at Rs. 165 , when there are trades in the Unlisted Market at around Rs. 250 ?
4 How is Metropolitan Stock Exchange showing deals n Dalmia Bharat Refractories shares when there is no Equity trading there ? ,
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Considering
the bright future of Dalmia Bharat Refractories in Magnesia Carbon ,
Birla Tyres , investment , inter alia , in shares of Dalmia Bharat and
RHI Magnesita , it is being discussed in Investors ' circles that share
price of Dalmia Bharat Refractories would , from present Rs. 250 ,
zoom past Rs. 500 . - PLEASE RECHECK THIS INDEPENDENTLY BEFORE TAKING
ANY INVESTMENT DECISION. NO RESPONSIBILITY WITH THIS BLOG.
Shares of of RHI Magnesita ,in which Dalmia Bharat Refractories has a a large holding are around Rs ,725 per Share.
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Dalmia Bharat Refractories - Promoters Sell Stake to Another Group Company at Rs. 427 /share
Please click ;-
https://www.bseindia.com/xml-data/corpfiling/AttachLive/8fba22df-82d3-45d6-836c-076dd281a0d9.pdf
The remaining Non Promoter shareholders should also get a Buy back offer / Exit Option at Rs. 427 per share. There has been a Change of Promoters
Further , there should be immediate BSE listing , as was promised by the Promoters at the time of merger of Dalmia Refractories and OCL Refractories.
Investors are shocked to see that Dalmia Bharat Refractories has been listed at Calcutta Stock Exchange , which has no share trading and Metropolitan Stock Exchange .
How come Metropolitan Stock Exchange was reporting, a few days back , share transactions of Dalmia Bharat Refractories at Rs. 150 / share ,where as Promoters are selling their shares at Rs.427 / share.
Investors are demanding a full enqiry .
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Dalmia Bharat Refractories- Why Promoters Not Buying From Metropolitan Stock Exchange ?
Dalmia Bharat Refractories' promoters are Buying / Selling its shares at Rs. 427/ share.
Metropolitan Stock Exchange is reporting share transactions of Dalmia Bharat Refractories around Rs 160 / share.
It makes a perfect Business sense for Promoters to buy more of these shares from Metropolitan Stock Exchange at these rates.
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November 07, 2023
Dalmia Bharat Refractories-Gets Demerged Birla Tyres Unit- Lottery ? DBRL Rate Shoots Up- PLEASE RECHECK THIS INDEPENDENTLY
Birla Tyres Unit to be demerged with Dalmia Bharat Refractories
Please click ;-
https:// drive.google.com/file/d/19EEQP4FoCII-uepGdcPXwEhbaxFjkyYK/view?usp=sharing
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Birla Tyres - Lottery ? Also for Dalmia Bharat Refactories - Acquired at Rs 347 cr Relacement cost Rs.3100 cr
https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa95abfa-674b-40a5-8cf7-111ff3110015.pdf
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Some shares of Dalmia Refractories are available with Dealers of Rare Indian Shares .
BLOG DISCLAIMER
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure : The Blog writer in his / family names has holdings in Dalmia Bharat Refractories So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer
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