Dilip Buildcon Ltd - Stock Valuation and Financial Performance

BSE: 540047 | NSE: DBL | Construction - Real Estate | Small Cap

Dilip Buildcon Share Price

456.85 31.70 7.46%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Dilip Buildcon

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Dilip Buildcon stock performance -

mw4me loader
P/E Ratio (CD):
57.82
Market Cap:
6,679.8 Cr.
52-wk low:
159.7
52-wk high:
504.5

Is Dilip Buildcon Ltd an attractive stock to invest in?

1. Is Dilip Buildcon Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dilip Buildcon Ltd is a below average quality company.

2. Is Dilip Buildcon Ltd undervalued or overvalued?

The key valuation ratios of Dilip Buildcon Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Dilip Buildcon Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Dilip Buildcon Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Dilip Buildcon:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dilip Buildcon Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.2%9.9%13.6%14.2%14.8%13.3%9.8%8.1%1.9%3.5%-
Value Creation
Index
0.3-0.300.00.10.0-0.3-0.4-0.9-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,3842,7624,3005,3197,9379,4169,72510,1689,56610,64411,487
Sales YoY Gr.-15.9%55.7%23.7%49.2%18.6%3.3%4.6%-5.9%11.3%-
Adj EPS 22.46.91926.14140.122.818.4-33.4-15.57.9
YoY Gr.--69%174.2%37.3%57.2%-2.2%-43.1%-19.2%-281.1%NA-
BVPS (₹) 66.368.779.6125.7166.4205.2229.7248.6242.8273.7290.5
Adj Net
Profit
23681.2223357561548312252-488-226116
Cash Flow from Ops. 1782222696141,2991,169441,0821,6242,845-
Debt/CF from Ops. 10.914.813.56.93.86.3205.99.75.42.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.1%6%3.1%11.3%
Adj EPS -196%-182.3%-187.9%NA
BVPS17.1%10.5%6%12.7%
Share Price - -6.6% -6.5% 172.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
39.210.625.626.928.121.610.57.7-14.1-62.8
Op. Profit
Mgn %
2224.822.821.818.518.721.3218.17.211
Net Profit
Mgn %
9.92.95.26.775.83.73.9-5.3-2.61
Debt to
Equity
2.74.13.92.52.22.62.93.12.51.7-
Working Cap
Days
218294307341276284342377404342139
Cash Conv.
Cycle
15520514813978455148634826

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.80%

Debt to equity has declined versus last 3 years average to 1.66

Sales growth is good in last 4 quarters at 10.38%

Sales growth has been subdued in last 3 years 3.05%

Net Profit has been subdued in last 3 years -187.86%

Latest Financials - Dilip Buildcon Ltd.

Standalone Consolidated
TTM EPS (₹) 24.4 7.9
TTM Sales (₹ Cr.) 10,464 11,487
BVPS (₹.) 335.7 290.5
Reserves (₹ Cr.) 4,762 4,101
P/BV 1.36 1.57
PE 18.73 57.82
From the Market
52 Week Low / High (₹) 159.70 / 504.45
All Time Low / High (₹) 159.70 / 1248.35
Market Cap (₹ Cr.) 6,680
Equity (₹ Cr.) 146.2
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Dilip Buildcon:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *24.9924.9924.9924.9924.9924.9924.9924.9924.9924.99
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Dilip Buildcon

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,3842,7624,3005,3197,9379,4169,72510,1689,56610,644
Operating Expenses 1,8592,0763,3204,1596,4667,6517,6578,0408,7949,873
Manufacturing Costs9131,0171,5781,7653,0163,5063,3423,4403,7183,742
Material Costs6596759841,4742,2022,6782,7962,9203,3254,389
Employee Cost 1652387182119143163162202191
Other Costs 1211466878381,1301,3241,3561,5181,5491,552
Operating Profit 5256869801,1601,4721,7652,0682,129773770
Operating Profit Margin (%) 22.0%24.8%22.8%21.8%18.5%18.7%21.3%20.9%8.1%7.2%
Other Income 201016121747384238254
Interest 2013605195555908721,1361,1741,057901
Depreciation 99206200245292362470443400398
Exceptional Items 000024-27032-58379
Profit Before Tax 244129277372631577569586-704103
Tax 74847146133164168-154105
Profit After Tax 23881230358570544405418-550-1
PAT Margin (%) 10.0%2.9%5.3%6.7%7.2%5.8%4.2%4.1%-5.7%0.0%
Adjusted EPS (₹)22.56.919.626.242.240.026.319.9-36.33.2
Dividend Payout Ratio (%)0%1%0%4%2%3%4%5%0%3%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7248059321,7192,2762,8063,1413,4003,5514,002
Share Capital 59117117137137137137137146146
Reserves 6656888151,5822,1392,6693,0053,2633,4043,855
Minority Interest00001429162373-1-3
Debt1,5812,9503,2143,7804,7366,9508,3499,5837,9416,121
Long Term Debt7651,5741,7602,2722,9394,8205,9867,0095,9643,961
Short Term Debt8161,3761,4551,5081,7982,1302,3632,5741,9772,160
Trade Payables4678281,0238891,5221,7411,6542,0772,2663,057
Others Liabilities 7951,0091,1061,6322,0272,9133,4112,8982,3952,188
Total Liabilities 3,5675,5936,2768,01910,57514,43916,71718,33116,15115,365

Fixed Assets

Gross Block1,5352,6502,2062,7603,1044,4524,8624,9004,2464,056
Accumulated Depreciation2574575527931,0591,4211,9542,1712,4572,528
Net Fixed Assets1,2792,1931,6551,9672,0443,0312,9082,7301,7891,529
CWIP 49141504601,6232,7362,8403,8933,3852,658
Investments 00000689371964
Inventories5229481,5801,6642,0262,5042,6453,0493,4393,368
Trade Receivables1,0021,2639199501,1551,1621,1581,1589571,389
Cash Equivalents 73267116163295521789809583426
Others Assets2015072,0062,8153,4334,4176,3696,6565,9985,031
Total Assets 3,5675,5936,2768,01910,57514,43916,71718,33116,15115,365

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1782222696141,2991,169441,0821,6242,845
PBT 244129277372631577569586-704103
Adjustment 2915607408108741,3251,6101,6111,593980
Changes in Working Capital -276-406-689-463-52-600-1933-9179141600
Tax Paid -82-62-59-105-153-132-202-198-180162
Cash Flow From Investing Activity -666-1,038-171-1,007-1,518-2,512-278-1,32244526
Capex -668-1,042-176-1,017-1,531-2,462-382-1,317359610
Net Investments 00000-6968-3956-612
Others 3359131936333028
Cash Flow From Financing Activity 5051,010-2484403501,569502261-2,295-3,028
Net Proceeds from Shares 00043000005010
Net Proceeds from Borrowing 3488091945126672,1251,4211,237-1,127-2,308
Interest Paid -200-326-519-555-590-872-1,136-1,17300
Dividend Paid -1-1-10-16-16-16-14-1,072-903
Others 3595287853290332233211-597184
Net Cash Flow 18194-1514713222726720-226-157
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)41.0110.7826.4526.9828.5421.413.6112.79-15.82-0.04
ROCE (%)20.3714.4918.4217.6418.5416.6115.2113.482.698.74
Asset Turnover Ratio0.80.60.720.740.850.750.620.580.550.68
PAT to CFO Conversion(x)0.752.741.171.722.282.150.112.59N/AN/A
Working Capital Days
Receivable Days1211509364484544424040
Inventory Days6897107111858897102124117
Payable Days9713815793144222222233238221

Dilip Buildcon Ltd Stock News

Dilip Buildcon Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Dilip Buildcon on 28-Mar-2024 16:01 is ₹456.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Dilip Buildcon stood at ₹6,679.8.
The latest P/E ratio of Dilip Buildcon as of 28-Mar-2024 16:01 is 18.73.
The latest P/B ratio of Dilip Buildcon as of 28-Mar-2024 16:01 is 1.36.
The 52-week high of Dilip Buildcon is ₹504.4 and the 52-week low is ₹159.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dilip Buildcon is ₹10,464 ( Cr.) .

About Dilip Buildcon Ltd

Dilip Buildcon was incorporated as Dilip Buildcon Private Limited on June 12, 2006 as a private limited company under the Companies Act, 1956, with the Registrar of Companies, Madhya Pradesh at Gwalior. The Company was converted into a public limited company and consequently, the name of Company was changed to Dilip Buildcon Limited and a fresh certificate of incorporation was issued by the RoC on August 26, 2010.

The company is Bhopal, MP based Engineering, Procurement and Construction (EPC) contractor focused on road projects in India. The company is one of the leading private sector road-focused Engineering Procurement Construction (EPC) contractors in the country. From humble beginnings in 1987 to a road focused EPC leader in 2017, DBL’s journey is characterized by hard work, respect for relationships, and a drive to excel in anything they take up. They have upheld the tradition of giving their best to all projects since conception. DBL’s value-centric delivery, execution prowess and commitment to innovation have set the stage for the next phase of growth.

Business area of the company

The core business of the company is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges. As a result of the natural growth of their road construction business, as well as the recent government support to the infrastructure sector and rising opportunities in new business areas, they recently expanded into the irrigation and urban development businesses. Their business comprises of construction business, under which they undertake roads, irrigation and urban development projects on an EPC basis; and their infrastructure development business, under which they undertake building, operation and development of road projects on a BOT basis with a focus on annuity projects.

Awards and Accreditations

  • 2010: The Company was recognised as the largest Caterpillar fleet owner of machines and engines of Central India by Caterpillar India & Gmmco Limited.
  • 2011: The Company was recognised as one of biggest and esteemed customers of Metso Mining & Construction Technology in Central India.
  • 2012: The Company received ISO 9001:2008 certification.
  • 2013: Awarded for achieving highest upliftment of Bitumen during January to December, 2013 by Indian Oil Corporation Limited, Bhopal Division Office.
  • 2014: The Company received OHSAS 18001:2007 certification.
  • 2014: The Company received ISO 14001:2004 certification.
  • 2015: The Company has received the ‘Best Performance Award’ from the Bhopal Sub Regional Office of the Employees’ Provident Fund Organization in relation to compliance under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
  • 2015: The Company was certified by Wirtgen Group as being the biggest fleet owner of Vogele Pavers in India.
  • 2016: The Company received first EPC bonus from NHAI in relation to the Jhalawar project, Rajasthan for early completion of the project.
  • 2017: 7th Construction Week India Awards, 2017 in category of Road Contractor of the Year and Infrastructure Company
  • 2018: Award for Outstanding Contribution in Roads & Highways (EPC Category)
  • 2018: Fastest Growing Construction Company (Large Category), Construction World 2018.
  • 2019: CNBC Awaaz CEO Awards 2019 has been conferred to Dilip Buildcon for “Company of the Year” in the Infrastructure segment.
  • 2019: Construction Week Winner Roads & Highways Project of the Year 4 Laning of Vijaywad Machhlipatnam on Nov. 2019.

Major events and milestones

  • 2006: The Company was incorporated in the name and style of ‘Dilip Buildcon Private Limited’.
  • 2009: The Company achieved revenue in excess of Rs 1,500 million.
  • 2010: The Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to ‘Dilip Buildcon Limited’.
  • 2010:  First order of a value over Rs 5,000 million and the first order outside Madhya Pradesh.
  • 2012: The Investor Selling Shareholder invested an amount of Rs 750,005,000 by subscription to 2,400 Compulsorily Convertible Preference Shares and 100 Equity Shares.
  • 2012: The Company achieved revenue in excess of Rs 10,000 million, outstanding order book crosses Rs 10,000 million.
  • 2014: The Company achieved revenue in excess of Rs 20,000 million.
  • 2015: The Company‘s outstanding order book crossed Rs 50,000 million.
  • 2015: Completed construction of over 5,000 lane kilometres of road projects since Financial Year 2009.
  • 2016: The Company received first EPC bonus from NHAI in relation to the Jhalawar project, Rajasthan for early completion of the project.
  • 2016: The Company was declared as a ‘selected bidder’ in relation to EPC projects in the state of Andhra Pradesh amounting to Rs 7407.0 million from NHAI.
  • 2016: DBL goes public with the promise of increasing shareholder value. The IPO is 22 times oversubscribed and is greeted at Dalal Street with a celebration.
  • 2017: DBL achieves a milestone with Rs 51,091 million in revenue in FY16-17, exhibiting a 25% growth from FY15-16.
  • 2018: DBL achieves a top line of Rs 77,614 million in FY17-18 registering a growth of 52% from FY16-17. The company has grown to a team of 32,000+ employees and has acquired a 9,998 strong fleet.
  • 2019: Entered in Tunnels & Metro in Tunnels & Metro Segment.
  • 2019: DBL achieves a record topline of Rs 91,646 million in FY18 -19, registering a growth of 18% from FY17-18.
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