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 ₹ 7,460 Cr.
- Current Price ₹ 459
- High / Low ₹ 588 / 363
- Stock P/E 52.8
- 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 SmallCap 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: | 4% |
| 3 Years: | 30% |
| 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)-Newspaper Publication
2d - Newspaper Advertisement pertaining to Notice of Postal Ballot of the Company
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Clarification Sought From The Company On Significant Increase In The Volume Of The Stock Of The Company.
2d - Dilip Buildcon replied to BSE on Dec 19, 2025 denying any material information for increased trading volume.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Dec
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Clarification sought from Dilip Buildcon Ltd
18 Dec - Exchange has sought clarification from Dilip Buildcon Ltd on December 18, 2025, with reference to Movement in Volume.
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Intimation Of Outcome Of The Circular Resolution Passed By Board Of The Company On December 16, 2025.
16 Dec - Approved postal ballot draft; cut-off date December 12, 2025; notice to be circulated.
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]