Dilip Buildcon Ltd

₹ 460 0.38%

07 Jan

🔗 Website | BSE: 540047 | NSE: DBL

Market Cap7,470

Current Price460

High / Low588

Stock P/E52.9

Book Value367

Dividend Yield0.22

ROCE9.57

ROE3.41

ABOUT

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]

Stock Analysis

### Description - Dilip Buildcon Limited (DBL) is an Indian construction and infrastructure development company engaged in Engineering, Procurement, and Construction (EPC) projects. It undertakes contracts for roads, irrigation, airports, metro rail viaducts, and mining excavation. ### Key Growth Triggers - Award of a ₹3400 crore EPC contract for the Ganga Path project, significantly boosting the order backlog. - The project's EPC nature aligns with DBL's core capabilities, ensuring efficient execution. - A 42-month construction timeline provides extended revenue visibility and stability. - This new contract diversifies DBL's project portfolio and geographical presence. ### Order Book - New Order: December 2025 = ₹3400 Crore (Ganga Path Project - EPC Mode) ### Key Red Flags - Currently no data available for Key Red Flags. ### Key Dates To Watch - Trading window closure until 48 hours after this announcement.

Peer Comparison

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Larsen & Toubro	4157.00	35.57	571732.32	0.82	4678.01	15.63	67983.53	10.44	14.49	270722.51	12.67	16074.88	3926.09	5.64	4.98	1.32
2.	Rail Vikas	357.40	65.56	74435.52	0.48	230.52	-19.73	5122.97	5.52	14.72	20026.00	4.70	1135.41	230.29	7.80	6.40	0.52
3.	NBCC	116.05	46.91	31330.86	0.58	156.69	25.71	2910.20	18.99	33.17	12751.71	5.04	667.83	153.52	11.73	4.68	0.00
4.	IRB Infra.Devl.	42.33	29.21	25569.19	0.71	140.82	41.00	1751.02	10.42	7.82	8024.67	48.08	875.41	140.82	1.25	2.01	1.02
5.	Kalpataru Proj.	1173.70	24.31	19958.36	0.77	237.39	91.27	6528.57	32.43	15.95	25498.99	8.25	821.04	240.05	2.88	2.36	0.69
6.	KEC International	717.05	27.95	19094.43	0.77	160.75	88.21	6091.56	19.13	17.98	23335.94	7.26	683.11	160.75	3.38	2.75	0.94
7.	Ircon Intl.	177.42	27.77	16682.86	1.49	136.51	-32.68	1976.75	-19.23	11.60	9787.96	7.43	600.65	138.65	2.58	3.74	0.80
8.	Dilip Buildcon	460.35	52.88	7470.00	0.22	40.85	-46.17	1416.64	-34.92	9.57	7896.26	9.81	141.26	29.75	1.25	1.59	0.42

Quarterly Results

Figures in Cr.

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	2,379	2,571	2,155	2,608	2,358	2,010	2,857	2,931	2,315	2,262	2,427	2,177	1,417
YOY Sales Growth %	8.24%	8.08%	-16.19%	-0.5%	-9.6%	-14.76%	14.01%	2.57%	-21.02%	4.91%	7.3%	-10.31%	-34.92%
Expenses	2,129	2,253	1,945	2,274	2,096	1,807	2,585	2,578	2,106	2,001	2,133	1,955	1,264
Material Cost %	85%	83%	86%	83%	83%	85%	87%	83%	85%	84%	84%	84%	83%
Employee Cost %	2%	2%	2%	2%	2%	2%	1%	2%	3%	2%	2%	2%	3%
Operating Profit	250	318	210	335	262	203	272	352	209	261	294	222	152
OPM %	10%	12%	10%	13%	11%	10%	10%	12%	9%	12%	12%	10%	11%
Other Income	75	46	98	19	13	126	33	51	41	48	71	119	79
Exceptional items	46.68	20.33	81.6	0	0	98.12	22.31	16.33	17.21	42.51	36.38	97.75	41.77
Other income normal	28.46	25.69	16.09	18.53	13.01	27.87	10.98	34.23	23.97	5.36	34.5	20.81	37.59
Interest	130	129	125	137	119	109	134	107	124	123	128	123	105
Depreciation	99	85	74	93	76	64	93	79	69	99	91	73	62
Profit before tax	96	150	108	123	80	156	78	217	58	87	146	144	65
Tax %	17%	36%	19%	32%	41%	21%	26%	43%	18%	26%	18%	11%	37%
Net Profit	80	95	88	83	47	123	58	124	47	64	120	129	41
EPS in Rs	5.44	6.52	5.99	5.7	3.24	7.55	3.99	8.46	3.23	4.39	8.18	8.82	2.51

Profit & Loss

	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
Sales	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
Sales Growth %	—	—	—	—	—	—	—	—	—	—	—	—	—
Expenses	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
Material Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Raw material cost	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in inventory	—	—	—	—	—	—	—	—	—	—	—	—	—
Manufacturing Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Employee Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Cost %	—	—	—	—	—	—	—	—	—	—	—	—	—
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%
Other Income	7	6	15	11	0	29	39	24	93	193	186	262	344
Exceptional items	—	—	—	—	—	—	—	—	—	—	—	—	—
Other income normal	—	—	—	—	—	—	—	—	—	—	—	—	—
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%	—
Net Profit	194	146	221	361	620	765	425	319	-86	222	422	311	298
Exceptional items AT	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit excl Excep	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for PE	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit for EPS	—	—	—	—	—	—	—	—	—	—	—	—	—
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%	—

Balance Sheet

	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
Borrowings	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
Long term Borrowings	177	546	715	632	1,043	1,146	773	617	452	135	39	102	87
Short term Borrowings	816	1,413	1,491	1,573	1,728	2,055	1,962	2,774	2,620	2,551	1,827	1,868	2,407
Lease Liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Borrowings	265	459	305	358	171	375	521	0	0	0	-0	-0	—
Other Liabilities	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
Trade Payables	464	828	1,023	889	1,508	1,755	1,639	2,063	2,246	2,989	2,844	2,830	2,264
Advance from Customers	19	5	186	461	229	272	500	297	117	167	133	59	—
Other liability items	315	431	501	883	1,586	2,100	2,176	1,557	1,460	1,156	1,324	1,214	1,242
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
Fixed Assets	639	1,189	1,420	1,682	1,832	2,082	2,028	1,915	1,658	1,332	1,120	1,004	883
Land	28.04	30.61	33.13	42.78	76.12	100.27	106.11	110.35	111	122.68	131.82	133.03	—
Building	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	—
Plant Machinery	818.27	1,465.16	1,858.21	2,319.48	2,690.34	3,155.08	3,390.82	3,538.86	3,604.94	3,385.13	3,299.8	3,147.03	—
Equipments	3.48	6.35	8.77	10.73	13.71	46.33	77.86	110.26	128.68	126.54	137.98	134.16	—
Furniture & fittings	—	—	—	—	—	—	—	—	—	—	—	—	—
Vehicles	6.77	160.33	24.36	31.65	39.75	42.34	47.93	53.57	55.07	54.65	56.53	171.61	—
Intangible Assets	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	0.27
Other fixed assets	1.78	1.46	4.59	7.07	7.21	196.99	197.05	103.93	116.02	82.14	83.12	95.43	—
Gross Block	863.57	1,673	1,941.52	2,427.58	2,849.8	3,575.42	3,864.47	3,990.34	4,102.36	3,836.59	3,785.04	3,752.8	—
Accumulated Depreciation	224.48	483.99	521.13	745.11	1,017.88	1,493.19	1,836.91	2,075.39	2,444.6	2,505.07	2,665.05	2,749.16	—
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
Other Assets	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
Inventories	522	948	1,580	1,664	2,026	2,504	2,631	3,029	3,409	3,334	3,350	3,307	3,269
Trade receivables	1,058	1,264	912	1,017	1,384	1,409	1,240	1,105	1,038	1,606	1,392	1,384	1,499
Receivables under 6m	817	835	982	1,107	1,517	1,652	1,517	0	617	1,258	1,116	1,198	—
Receivables over 6m	242	428	0	0	0	0	0	1,397	752	493	346	298	—
Prow for Doubtful	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash Equivalents	67	234	106	114	161	189	322	292	333	310	352	292	68
Loans & Advances	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Assets items	—	—	—	—	—	—	—	—	—	—	—	—	—
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

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	56	220	427	654	419	751	1,853	699	-10	1,136	1,388	566
Profit from operations	473	575	836	1,014	1,381	1,736	1,611	1,498	835	1,028	1,394	1,003
Receivables	0	0	0	0	0	0	0	135	67	-595	160	-73
Inventory	0	0	0	0	0	0	0	-399	-380	75	-16	42
Payables	0	0	0	0	0	0	0	424	183	743	-145	-14
Loans Advances	0	0	0	0	0	0	0	-183	573	-347	-126	-61
Other WC items	-336	-289	-350	-277	-811	-824	437	-637	-1,121	71	168	-281
Working capital changes	-336	-289	-350	-277	-811	-824	437	-659	-678	-54	43	-387
Direct taxes	-80	-65	-59	-83	-150	-160	-195	-140	-168	162	-49	-50
Cash from Investing Activity	-254	-761	-422	-659	-456	-813	-771	-264	249	-486	-415	-417
Fixed assets purchased	-171	-687	-418	-493	-444	-571	-309	-327	-146	-88	-171	-198
Fixed assets sold	1	19	2	5	20	1	2	28	6	47	49	28
Investments purchased	-88	-96	-11	-180	-44	-291	-700	-131	-155	-475	-508	-602
Investments sold	2	0	0	0	0	25	209	133	751	207	411	487
Interest received	2	0	4	9	12	24	31	28	33	51	63	61
Redeemp Cnce of Shares	—	—	—	—	—	—	—	—	—	—	—	—
Acquisition of companies	—	—	—	—	—	—	—	—	—	—	—	—
Other investing items	0	0	0	0	0	0	0	-0	-240	-228	-258	-193
Cash from Financing Activity	212	708	-133	13	84	89	-949	-465	-438	-901	-1,189	-402
Redemption of debentures	—	—	—	—	—	—	—	—	—	—	—	—
Proceeds from borrowings	368	965	78	82	565	635	146	290	5	183	0	167
Repayment of borrowings	0	0	171	-83	0	0	-466	-155	-324	-569	-819	-63
Interest paid fin	-155	-256	-381	-416	-464	-530	-613	-586	-605	-514	-502	-491
Dividends paid	-1	-1	-1	-0	-16	-16	-16	-14	-15	-1	-1	-15
Financial liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Other financing items	0	0	0	0	0	0	0	0	0	0	133	0
Net Cash Flow	15	167	-128	8	48	28	133	-30	-199	-251	-216	-253

Ratios

	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%

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	70.15%	70.15%	70.15%	70.15%	70.15%	70.15%	70.15%	70.15%	70.15%	70.15%	63.14%	63.14%
Devendra Jain	24.32	24.32	24.32	24.32	24.32	24.32	24.32	24.32	24.32	24.32	21.89	21.89
Dilip Suryavanshi	37.69	37.69	37.69	37.69	37.69	37.69	37.69	37.69	37.69	37.69	33.92	33.92
Dilip Suryavanshi HUF	0	0	0	0	0	0	0	0	0	—	—	—
Dilip Suryavanshi HUF (Dilip Suryavanshi-Karta)	—	—	—	—	—	—	—	—	—	0	0	0
Karan Suryavanshi	0	0	0	0	0	0	0	0	0	0	0	0
SURYAVANSHI FAMILY TRUST (Trustees:Dilip Suryavans___	—	—	—	—	—	—	—	—	—	0	0	0
Seema Suryavanshi	8.14	8.14	8.14	8.14	8.14	8.14	8.14	8.14	8.14	8.14	7.33	7.33
Suryavanshi Family Trust	0	0	0	0	0	0	0	0	0	—	—	—
Suryavanshi Minerals Private Limited	0	0	0	0	0	0	0	0	0	0	0	0
FIIs	5.56%	4.7%	2.56%	2.69%	2.89%	2.89%	2.8%	3.07%	3.18%	3.13%	2.76%	2.91%
Abu Dhabi Investment Authority - Monsoon	1.63	1.31	—	—	—	—	—	—	—	—	—	—
DIIs	9.1%	9.03%	9.03%	9.06%	9.1%	9.08%	9.17%	9.51%	9.54%	6.59%	6.93%	6.13%
Government	—	—	—	—	—	—	—	—	—	—	—	—
Public	15.18%	16.12%	18.26%	18.09%	17.87%	17.89%	17.87%	17.27%	17.14%	20.13%	27.16%	27.82%
Others	—	—	—	—	—	—	—	—	—	—	—	—
No. of Shareholders	88,928	89,335	87,426	81,711	78,586	80,122	73,669	71,488	70,234	67,617	64,301	62,054

News & Updates

BSE Announcements

Direct from BSE filings, AI summarised

Dilip Buildcon Secures ₹3400 Crore EPC Contract for Ganga Path Project from Adani Road Transport

26 Dec 2025

Dilip Buildcon Declared L-1 Bidder for ₹1850 Cr RECPDCL Transmission Project in Karnataka

26 Dec 2025

Dilip Buildcon Secures Major Orders Worth ₹10,000 Cr+, Lists InvIT, Navigates Q2 FY26 Performance with Improved Margins

25 Dec 2025

Dilip Buildcon Completes Sharavathi Bridge Project; Bolsters Order Book with ₹5,000 Cr NALCO Contract and ₹1503 Cr Metro JV Amidst Mixed Q2 FY26 Results

25 Dec 2025

Dilip Buildcon Secures ₹4900 Cr EPC Contract for 1363.55 MW Solar Power Project in Madhya Pradesh

23 Dec 2025

Other Websites

External media mentions

Massive EPC Wins Ignite 5 Stocks! Are These Your Next Big Multibaggers?

29 Dec 2025

Massive ₹23,000 Crore Orders Ignite Indian Infrastructure Stocks: L&T, Dilip Buildcon Bag Mega Deals!

27 Dec 2025

Market Snaps Losing Streak! Defence & Metal Soar, But IT/Auto Stocks Falter - What's Next?

26 Dec 2025

Dilip Buildcon Shares Soar 6% After Bagging Massive ₹3,400 Crore EPC Order from Adani Road Transport!

26 Dec 2025

Massive ₹3400 Crore Blowout! Dilip Buildcon Secures Landmark Bihar Project from Adani Road Transport – Get the Details!

26 Dec 2025

News Articles

Editorial & research coverage

Massive EPC Wins Ignite 5 Stocks! Are These Your Next Big Multibaggers?

29 Dec 2025

Massive ₹23,000 Crore Orders Ignite Indian Infrastructure Stocks: L&T, Dilip Buildcon Bag Mega Deals!

27 Dec 2025

Market Snaps Losing Streak! Defence & Metal Soar, But IT/Auto Stocks Falter - What's Next?

26 Dec 2025

Dilip Buildcon Shares Soar 6% After Bagging Massive ₹3,400 Crore EPC Order from Adani Road Transport!

26 Dec 2025

Dilip Buildcon Lands Huge ₹5,250 Crore Project Bonanza: Investors Alert!

26 Dec 2025

Documents

Announcements

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

26 Dec - ₹3,400 Cr EPC for Ganga Path (Sultanganj-Bhagalpur-Sabour), 42-month construction awarded via ARTL.

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

26 Dec - L-1 bidder for 400kV Mekhali substation and lines; EPC Rs1,850 Cr; 35-year BOOT concession.

Closure of Trading Window

25 Dec - Dilip Buildcon: Trading window closed Jan 1, 2026 until 48 hours after Q4 results (quarter ended Dec 31, 2025).

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.'

25 Dec - Completion certificate for NH-369E bridge; project cost Rs.360.09 Crore; fit for operation 12-08-2025.

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

FY Financial Year 2025

(from bse)

FY Financial Year 2024

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FY Financial Year 2023

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FY Financial Year 2022

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FY Financial Year 2021

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FY Financial Year 2020

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FY Financial Year 2019

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FY Financial Year 2018

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FY Financial Year 2017

(from bse)

Credit Ratings

Rating update

18 Jul 2025 from crisil

Rating update

12 Feb 2025 from fitch

Rating update

17 Sep 2024 from crisil

Rating update

19 Apr 2024 from crisil

Rating update

21 Nov 2023 from fitch

Rating update

27 Jul 2023 from care

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