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 ₹ 7,746 Cr.
- Current Price ₹ 477
- High / Low ₹ 588 / 363
- Stock P/E 17.9
- Book Value ₹ 355
- Dividend Yield 0.21 %
- ROCE 14.8 %
- ROE 9.97 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 55.7%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.13% over past five years.
- Company has a low return on equity of 1.95% over last 3 years.
- Earnings include an other income of Rs.800 Cr.
- 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 SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,384 | 2,762 | 4,206 | 5,227 | 7,891 | 9,403 | 9,701 | 10,166 | 9,564 | 10,630 | 12,012 | 11,317 | 10,232 | |
| 1,859 | 2,075 | 3,225 | 4,067 | 6,420 | 7,638 | 7,631 | 8,032 | 8,788 | 9,673 | 10,590 | 9,158 | 8,103 | |
| Operating Profit | 524 | 687 | 981 | 1,160 | 1,472 | 1,765 | 2,070 | 2,133 | 776 | 957 | 1,421 | 2,159 | 2,129 |
| OPM % | 22% | 25% | 23% | 22% | 19% | 19% | 21% | 21% | 8% | 9% | 12% | 19% | 21% |
| 18 | 7 | 16 | 12 | 41 | 46 | 105 | 70 | -22 | 447 | 462 | 417 | 800 | |
| Interest | 201 | 354 | 519 | 555 | 590 | 872 | 1,136 | 1,174 | 1,057 | 901 | 1,013 | 1,249 | 1,447 |
| Depreciation | 100 | 206 | 200 | 245 | 292 | 362 | 470 | 443 | 400 | 398 | 379 | 346 | 328 |
| Profit before tax | 242 | 133 | 277 | 372 | 631 | 577 | 569 | 586 | -704 | 103 | 492 | 981 | 1,154 |
| Tax % | 23% | 34% | 17% | 4% | 10% | 6% | 29% | 29% | -22% | 101% | 59% | 14% | |
| 186 | 88 | 230 | 358 | 578 | 547 | 405 | 437 | -550 | -1 | 201 | 840 | 920 | |
| EPS in Rs | 52.70 | 7.48 | 19.62 | 26.15 | 42.23 | 40.38 | 26.16 | 19.49 | -37.54 | 0.06 | 13.27 | 43.83 | 44.83 |
| Dividend Payout % | 1% | 1% | 0% | 4% | 2% | 2% | 4% | 5% | -0% | 157% | 8% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 3% |
| 3 Years: | 6% |
| TTM: | -14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 8% |
| 3 Years: | 44% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 30% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 0% |
| 3 Years: | 2% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 660 | 688 | 815 | 1,582 | 2,139 | 2,669 | 3,005 | 3,263 | 3,404 | 3,855 | 4,223 | 4,918 | 5,610 |
| 2,068 | 3,512 | 3,630 | 4,230 | 4,949 | 7,406 | 9,060 | 10,508 | 8,783 | 6,658 | 7,240 | 9,525 | 10,375 | |
| 805 | 1,276 | 1,714 | 2,071 | 3,351 | 4,227 | 4,531 | 4,460 | 4,007 | 4,780 | 5,030 | 5,120 | 4,432 | |
| Total Liabilities | 3,568 | 5,593 | 6,276 | 8,019 | 10,575 | 14,439 | 16,733 | 18,368 | 16,341 | 15,439 | 16,640 | 19,709 | 20,579 |
| 1,282 | 2,193 | 1,655 | 1,967 | 2,044 | 3,031 | 2,908 | 2,730 | 1,789 | 1,529 | 1,531 | 1,427 | 1,406 | |
| CWIP | 491 | 415 | 0 | 460 | 1,623 | 2,736 | 2,840 | 3,893 | 3,385 | 2,658 | 2,832 | 3,689 | 3,164 |
| Investments | 0 | 0 | 0 | 0 | 0 | 68 | 9 | 37 | 0 | 964 | 857 | 832 | 334 |
| 1,796 | 2,985 | 4,621 | 5,592 | 6,909 | 8,604 | 10,976 | 11,709 | 11,166 | 10,288 | 11,420 | 13,761 | 15,675 | |
| Total Assets | 3,568 | 5,593 | 6,276 | 8,019 | 10,575 | 14,439 | 16,733 | 18,368 | 16,341 | 15,439 | 16,640 | 19,709 | 20,579 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 177 | 376 | 269 | 614 | 1,299 | 1,169 | 44 | 1,082 | 1,624 | 2,845 | 1,080 | 131 | |
| -664 | -1,038 | -171 | -1,007 | -1,518 | -2,512 | -278 | -1,323 | 206 | -202 | -379 | -1,427 | |
| 505 | 856 | -248 | 440 | 350 | 1,569 | 502 | 261 | -2,295 | -3,028 | -431 | 1,022 | |
| Net Cash Flow | 18 | 194 | -151 | 47 | 132 | 227 | 268 | 20 | -466 | -385 | 270 | -274 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 153 | 167 | 80 | 66 | 53 | 45 | 44 | 42 | 37 | 48 | 39 | 46 |
| Inventory Days | 289 | 512 | 586 | 336 | 341 | 345 | 381 | 378 | 280 | 272 | 294 | |
| Days Payable | 258 | 448 | 380 | 252 | 237 | 216 | 260 | 249 | 254 | 226 | 237 | |
| Cash Conversion Cycle | 184 | 231 | 286 | 66 | 137 | 149 | 173 | 163 | 165 | 74 | 85 | 103 |
| Working Capital Days | -33 | -67 | -14 | -8 | 13 | 23 | 13 | 23 | 84 | 42 | 44 | 65 |
| ROCE % | 19% | 14% | 18% | 18% | 18% | 17% | 14% | 13% | 3% | 5% | 10% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
15h - ₹3,400 Cr EPC for Ganga Path (Sultanganj-Bhagalpur-Sabour), 42-month construction awarded via ARTL.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
17h - L-1 bidder for 400kV Mekhali substation and lines; EPC Rs1,850 Cr; 35-year BOOT concession.
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Closure of Trading Window
1d - Dilip Buildcon: Trading window closed Jan 1, 2026 until 48 hours after Q4 results (quarter ended Dec 31, 2025).
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Issue Of Completion Certificate For The Project 'Construction Of Extra-Dosed Bridge Across Sharavathi Backwaters And Approaches Between Ambargodu And Kalasavalli Of NH - 369E In The State Of Karnataka (Job No. NH-369E-KNT-201819-895) On EPC Basis.'
1d - Completion certificate for NH-369E bridge; project cost Rs.360.09 Crore; fit for operation 12-08-2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
23 Dec - LOA for 1363.55 MW solar; EPC opportunity ~Rs.4900 Cr; 25-year PPA.
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]