Cost inflation from West Asia conflict
Pet coke prices have soared to ~$60/ton, packing costs are rising due to PP granules, and fuel/logistics costs are increasing. Management expects ₹125-150 per ton cost impact in Q1FY27.
DALMIABHARAT / bear-case history
Track the concerns that keep returning.
Dalmia Bharat · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Incentive collection delays
Incentives outstanding increased to ₹839 crore due to delayed state government payouts during elections; collections were only ₹14 crore in Q4.
Volume growth slowdown from breakdowns
Q4 volume growth was impacted by an unexpected breakdown in East India, losing ~1.5 lakh tons of clinker and 300,000 tons of cement.
SFIO/MCA investigation rumors
Analyst raised question about SFIO reopening a mutual fund case; management declined to comment, stating no communication received at company level.