{"id":130937,"date":"2026-06-25T12:23:14","date_gmt":"2026-06-25T06:53:14","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=130937"},"modified":"2026-06-25T12:23:15","modified_gmt":"2026-06-25T06:53:15","slug":"dalmia-bharat-share-price-goldman-sachs-buy-upgrade-17-percent-upside","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dalmia-bharat-share-price-goldman-sachs-buy-upgrade-17-percent-upside\/","title":{"rendered":"Dalmia Bharat Share Price: Goldman Sachs Upgrades to Buy, Rs 2,025 Target \u2014 17% Upside From Record FY26 EBITDA Levels"},"content":{"rendered":"
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Dalmia Bharat share price Rs 1,731 (-0.1%), high Rs 1,765. GS upgrades to Buy, target Rs 2,025 (+17%). FY26 EBITDA Rs 3,083 Cr (record). PAT Rs 1,157 Cr (+65% YoY). 52-wk range Rs 1,605-2,496.<\/em><\/p>\n

The Dalmia Bharat<\/a> share price is trading at Rs 1,731.20 today, slightly lower by 0.1% from the previous close of Rs 1,733, though the stock touched an intraday high of Rs 1,765.30 following Goldman Sachs’ upgrade of Dalmia Bharat to a Buy rating with an implied price target of approximately Rs 2,025 , representing approximately 17% upside from current levels. The Dalmia Bharat share price has remained in a period of significant consolidation. The Dalmia Bharat share price at Rs 1,731 is approximately 31% below the 52-week high. of significant consolidation from its 52-week high of Rs 2,496.30, and the Goldman Sachs upgrade signals a contrarian view that the cement stock’s risk-reward has now turned favourable after the correction. Ankit Jaiswal, Senior Research Analyst at Univest covers the Goldman Sachs Buy thesis and Dalmia Bharat’s fundamental case.<\/p>\n

Goldman Sachs’ Buy upgrade on the Dalmia Bharat share price comes against the backdrop of what the company itself described as a record year at the operating level in FY26. Dalmia Bharat posted record EBITDA of Rs 3,083 crore for the full financial year, with revenue up approximately 6% and profit after tax rising approximately 65% to Rs 1,157 crore. On a quarterly basis, Q4 FY26 PAT was Rs 387 crore (compared to just Rs 122 crore in Q3 FY26), demonstrating sharp earnings acceleration into the year-end. The Goldman Sachs Buy thesis likely rests on this earnings momentum continuing into FY27 as capacity expansion adds volume and the broader Indian cement demand cycle recovers from the pre-election FY25 slowdown.<\/p>\n

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