Dilip Buildcon Ltd
Dilip Buildcon Limited, incorporated in 2006, is presently in the business of development of infrastructure facilities on Engineering Procurement and Construction basis (EPC) and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the Company. [1]
- Market Cap ₹ 7,383 Cr.
- Current Price ₹ 455
- High / Low ₹ 588 / 376
- Stock P/E 52.3
- Book Value ₹ 367
- Dividend Yield 0.22 %
- ROCE 9.57 %
- ROE 3.41 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 0.10% over past five years.
- Company has a low return on equity of 4.46% over last 3 years.
- Contingent liabilities of Rs.2,716 Cr.
- Earnings include an other income of Rs.344 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -7.01%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,316 | 2,624 | 3,993 | 5,013 | 7,700 | 9,128 | 8,960 | 9,207 | 9,003 | 10,106 | 10,537 | 9,005 | 7,896 | |
| 1,846 | 2,059 | 3,193 | 4,021 | 6,297 | 7,501 | 7,387 | 7,733 | 8,247 | 9,117 | 9,238 | 8,093 | 7,122 | |
| Operating Profit | 470 | 566 | 800 | 992 | 1,403 | 1,626 | 1,573 | 1,474 | 757 | 988 | 1,299 | 912 | 774 |
| OPM % | 20% | 22% | 20% | 20% | 18% | 18% | 18% | 16% | 8% | 10% | 12% | 10% | 10% |
| 7 | 6 | 15 | 11 | 0 | 29 | 39 | 24 | 93 | 193 | 186 | 262 | 344 | |
| Interest | 155 | 259 | 381 | 416 | 464 | 530 | 613 | 586 | 605 | 514 | 502 | 491 | 463 |
| Depreciation | 79 | 118 | 183 | 227 | 275 | 320 | 424 | 407 | 393 | 388 | 348 | 292 | 269 |
| Profit before tax | 243 | 195 | 250 | 360 | 664 | 805 | 575 | 505 | -149 | 280 | 636 | 391 | 387 |
| Tax % | 20% | 25% | 12% | -0% | 7% | 5% | 26% | 37% | -42% | 21% | 34% | 20% | |
| 194 | 146 | 221 | 361 | 620 | 765 | 425 | 319 | -86 | 222 | 422 | 311 | 298 | |
| EPS in Rs | 55.13 | 12.45 | 18.85 | 26.39 | 45.35 | 55.93 | 31.07 | 23.35 | -5.88 | 15.17 | 28.86 | 21.29 | 19.28 |
| Dividend Payout % | 0% | 0% | 0% | 4% | 2% | 2% | 3% | 4% | -2% | 1% | 3% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| TTM: | -21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -15% |
| 3 Years: | 48% |
| TTM: | -53% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 29% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 117 | 117 | 137 | 137 | 137 | 137 | 137 | 146 | 146 | 146 | 146 | 162 |
| Reserves | 669 | 756 | 945 | 1,716 | 2,320 | 3,068 | 3,469 | 3,780 | 4,190 | 4,457 | 5,040 | 5,327 | 5,806 |
| 1,283 | 2,418 | 2,511 | 2,563 | 2,941 | 3,576 | 3,256 | 3,391 | 3,072 | 2,686 | 1,867 | 1,970 | 2,494 | |
| 798 | 1,264 | 1,710 | 2,233 | 3,323 | 4,126 | 4,315 | 3,917 | 3,823 | 4,312 | 4,302 | 4,103 | 3,506 | |
| Total Liabilities | 2,785 | 4,555 | 5,284 | 6,649 | 8,721 | 10,907 | 11,177 | 11,225 | 11,230 | 11,600 | 11,355 | 11,546 | 11,968 |
| 639 | 1,189 | 1,420 | 1,682 | 1,832 | 2,082 | 2,028 | 1,915 | 1,658 | 1,332 | 1,120 | 1,004 | 883 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 183 | 279 | 290 | 470 | 242 | 524 | 1,144 | 1,045 | 683 | 1,052 | 1,394 | 1,314 | 1,246 |
| 1,963 | 3,087 | 3,574 | 4,497 | 6,648 | 8,301 | 8,001 | 8,266 | 8,890 | 9,216 | 8,840 | 9,228 | 9,839 | |
| Total Assets | 2,785 | 4,555 | 5,284 | 6,649 | 8,721 | 10,907 | 11,177 | 11,225 | 11,230 | 11,600 | 11,355 | 11,546 | 11,968 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56 | 220 | 427 | 654 | 419 | 751 | 1,853 | 699 | -10 | 1,136 | 1,388 | 566 | |
| -254 | -761 | -422 | -659 | -456 | -813 | -771 | -264 | 249 | -486 | -415 | -417 | |
| 212 | 708 | -133 | 13 | 84 | 89 | -949 | -465 | -438 | -901 | -1,189 | -402 | |
| Net Cash Flow | 15 | 167 | -128 | 8 | 48 | 28 | 133 | -30 | -199 | -251 | -216 | -253 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 167 | 176 | 83 | 74 | 66 | 56 | 50 | 44 | 42 | 58 | 48 | 56 |
| Inventory Days | 289 | 512 | 586 | 336 | 324 | 342 | 378 | 382 | 277 | 266 | 303 | |
| Days Payable | 257 | 448 | 380 | 250 | 227 | 213 | 258 | 252 | 248 | 226 | 259 | |
| Cash Conversion Cycle | 199 | 241 | 290 | 74 | 152 | 153 | 180 | 165 | 172 | 87 | 88 | 100 |
| Working Capital Days | 19 | -51 | -1 | 15 | 46 | 60 | 41 | 48 | 79 | 52 | 70 | 90 |
| ROCE % | 23% | 17% | 18% | 19% | 23% | 22% | 17% | 15% | 5% | 9% | 15% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Earnings call on Feb 10, 2026 at 5:00 PM IST to discuss Q3 & 9M FY26 results.
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Board Meeting Intimation for Notice Of Board Meeting For Approval Of The Audited Indas Standalone And Consolidated Financial Results For The Quarter Ended December 31, 2025 Along With The Audit Report.
2 Feb - Board meeting Feb 10, 2026 to approve audited IndAS standalone and consolidated results for quarter ended Dec 31, 2025.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
20 Jan - Scrutinizer's report on postal ballot (notice dated Dec 18, 2025) filed by Dilip Buildcon Limited, dated Jan 20, 2026.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
20 Jan - Members approved material related-party transactions with DBL ERCP Bandh Baretha Pvt Ltd on Jan 17, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
19 Jan - RTA certificate confirming compliance with Regulation 74(5) for quarter ended December 31, 2025.
Annual reports
Concalls
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Business Segments
(i) EPC Projects & Road Infrastructure Maintenance (~93% in FY24 vs ~99% in FY23): [1] Comprises construction business, where it undertakes road, irrigation, airport, metro rail viaduct, and mining excavation projects on an EPC basis; and infrastructure maintenance and operations of BOT road projects.
(ii) Annuity Projects & Others (7% in FY24 vs ~1% in FY23): Comprises projects undertaken on a hybrid annuity basis, toll basis, annuity basis, and annuity plus toll basis. [2]
Order Book*
As of FY24, the company had an order book of Rs. ~17,400 Cr vs Rs. ~25,600 Cr in FY22. [3]