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+91-9599071664
Dalmia Laminators Unlisted Shares
DRHP Status : Not Filed
318
Fundamentals About Dalmia Laminators
Downloads & Investor Documents
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Key Financials of Dalmia Laminators
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 790 | 300 | 346 | 116 |
| Cost of Material Consumed | 446 | 185 | 226 | 63 |
| Gross Margins | 43.54 | 38.33 | 34.68 | 45.69 |
| Change in Inventory | 4 | -1 | -7 | 7 |
| Employee Benefit Expenses | 94 | 30 | 50 | 19 |
| Other Expenses | 190 | 40 | 52 | 55 |
| EBITDA | 56 | 46 | 25 | -28 |
| OPM | 7.09 | 15.33 | 7.23 | -24.14 |
| Other Income | 7 | 1 | 13 | 121 |
| Finance Cost | 11 | 4 | 13 | 14 |
| D&A | 56 | 9 | 36 | 24 |
| EBIT | 0 | 37 | -11 | -52 |
| EBIT Margins | 0 | 12.33 | -3.18 | -44.83 |
| PBT | -3 | 35 | 1749 | 56 |
| PBT Margins | -0.38 | 11.67 | 505.49 | 48.28 |
| Tax | 1 | 12 | 414 | 9 |
| PAT | -4 | 23 | 1335 | 47 |
| NPM | -0.51 | 7.67 | 385.84 | 40.52 |
| EPS | -571.43 | 5.2 | 302.04 | 10.63 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 7.09 | 15.33 | 7.23 | -24.14 |
| Net Profit Margin | -0.51 | 7.67 | 385.84 | 40.52 |
| Earning Per Share (Diluted) | -571.43 | 5.2 | 302.04 | 10.63 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 262 | 256 | 97 | 286 |
| CWIP | 7 | 22 | 0 | 90 |
| Investments | 111 | 105 | 2264 | 2512 |
| Trade Receivables | 212 | 337 | 148 | 24 |
| Inventory | 249 | 392 | 67 | 29 |
| Other Assets | 519.07 | 424 | 521 | 338 |
| Total Assets | 1360.07 | 1536 | 3097 | 3279 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 0.07 | 44.2 | 44.2 | 44.2 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 925 | 907 | 2232 | 2567 |
| Borrowings | 150 | 159 | 89 | 577 |
| Trade Payables | 177 | 283 | 184 | 31 |
| Other Liabilities | 108 | 142.8 | 547.8 | 59.8 |
| Total Liabilities | 1360.07 | 1536 | 3097 | 3279 |
About Company
MLD Group, a respected and diversified business conglomerate headquartered in Kolkata, India, boasts a heritage spanning five generations. Evolving from a family-led enterprise, the Group has established a dynamic presence across various sectors, including tea plantations and manufacturing, industrial packaging, renewable energy, petrochemical distribution, warehousing, real estate, and strategic investments.
The Group employs over 5,000 people nationwide and operates numerous manufacturing units, warehouses, regional marketing offices, and a robust distribution network. A highly skilled and dedicated team of professionals manages day-to-day operations, upholding MLD Group's legacy through innovation, operational excellence, and unwavering integrity.
The following table shows a 10-point analysis of Dalmia Bharat Refractories Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | FY25 Revenue (Continuing Ops) ₹199 cr · PAT -₹37 cr · PAT margin negative | Manufacturer of refractories (bricks, monolithics, castables) for steel, cement, glass industries; part of Dalmia Bharat Group; focused on high-performance refractory solutions; revenue modest with integration/consolidation phase underway. |
| Industry & Market Position | Niche Indian refractories player · Supplies to steel/cement · Benefits from Dalmia group synergies | Operates in cyclical sector linked to steel output; high entry barriers via technology & client approvals; competes with RHI Magnesita/Vesuvius; exposed to raw material volatility. |
| Revenue Growth Trend | FY23–FY25 volatile (FY24 ~₹116 cr, recovery to ₹199 cr in FY25) | Inconsistent due to restructuring/discontinued ops impacts; recent recovery in continuing operations; growth tied to steel and cement demand revival. |
| Profitability & Margins | EBITDA (Continuing Ops) ₹73 cr (~37% margin) · ROE negative · PAT negative | Strong core EBITDA from efficiency gains; overall losses due to restructuring/legacy issues; healthy operating margins but pressured net profitability. |
| Cash Flow Quality | OCF ~ -₹5 cr (FY25) · No dividends | Cash outflow from operations/investments; supported by strong cash (~₹91 cr) and investments (~₹2,647 cr); moderate quality amid losses. |
| Balance Sheet Strength | Net worth ~₹2,422–2,757 cr · Book value ₹548–624/share · Low debt | Very strong liquidity and conservative structure; high cash/investments buffer; minimal leverage risk despite losses. |
| Valuation Comfort | Unlisted price ₹235–283 (Feb 2026) · P/B ~0.4–0.5x · Market cap ~₹970–1,250 cr | Deep discount to book value reflecting losses/uncertainty; attractive for turnaround/value investors; asset-rich balance sheet. |
| Management & Governance | Part of Dalmia Bharat Group · Professional oversight · CARE-rated | Strong governance via reputed parent group; transparent disclosures; benefits from sector expertise. |
| Growth Triggers & Catalysts | Steel/cement revival · Strategic acquisitions · Margin stability | Upside from industrial demand recovery and strategic moves; value unlock possible if turnaround succeeds; no confirmed IPO plans. |
| Liquidity & Exit Visibility | OTC liquidity · Listed on MSE/CSE (inactive) · No NSE/BSE listing | Very low effective liquidity; capital largely locked; exit dependent on OTC trades or future strategic actions. |
Click to visit the official website of Dalmia Laminators
Shareholding Pattern of Dalmia Laminators
| Name | Holding |
|---|---|
| Sarvapriya Healthcare Solutions | 42.36% |
| Akhyar Estate Holding Private Limited | 22.26% |
| Garvita Solution Services And Holding Private Limited | 6.07% |
| Others | 29.31% |
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Frequently Asked Questions
These are equity shares of Dalmia Laminators Ltd, a privately held company specialising in industrial packaging and lamination solutions. Since it’s not listed on NSE or BSE, the shares are traded privately through platforms like UnlistedKraft.
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Unlisted shares carry inherent risks like limited liquidity and less public transparency. However, Dalmia Laminators has a strong industry standing and consistent B2B demand. Investing through UnlistedKraft ensures a secure, transparent, and verified transaction.
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There’s no mandatory lock-in unless the company opts for a public listing. Investors generally hold shares until a liquidity event such as an IPO, acquisition, or strategic sale.
Yes, you can resell the shares via UnlistedKraft’s resale network, subject to buyer interest and prevailing market conditions.
Yes. According to SEBI rules, pre-IPO shareholders must observe a six-month lock-in period after the company is listed.
If held for more than two years, gains are treated as long-term capital gains taxed at 20% with indexation. Sales within two years are considered short-term and taxed under your applicable income tax slab.
UnlistedKraft provides verified access to premium private-market deals like Dalmia Laminators Ltd, offering transparent pricing, expert guidance, secure transaction protocols, and timely credit of shares to your demat account.
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