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Dilip Buildcon Ltd (DBL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

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

Dilip Buildcon Share Price

478.25 7.85 (1.67%)
As on 06-May'26 16:01

Dilip Buildcon Ltd (DBL)

BSE: 540047 NSE: DBL
Key Metrics
Market Cap
₹7,641 Cr.
P/E Ratio
5.42
Price to Book (P/B)
1.16
Price to Sales (P/S)
0.78
EV/EBITDA
6.82
Return on Capital Employed (ROCE)
17.02%
Current Price
₹478.3
Return on Equity (ROE)
18.32%
Return on Assets (ROA)
4.63%
Operating Profit Margin
19.1%
Net Profit Margin
7.42%
Gross Profit Margin
9.2%
Book Value per Share
₹403.9
Sales Growth (YoY)
-5.79%
Sales Growth (3 Years)
5.76%
Operating Profit Growth (1 Year)
59.7%
Operating Profit Growth (3 Years)
40.67%
Net Profit Growth (1 Year)
317.79%
52-Week Low / High
₹382 / 588
Net Profit Growth (3 Years)
N/A%
Dividend Yield
0.21%
Promoter Holding
63.14%
Pledged shares (%)
of Promoter's holding (%)
14.16%

Check Before You Invest

Q.1 Stock return of Dilip Buildcon Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -2.25% based on the current price.
Q.1 Revenue growth of Dilip Buildcon Ltd?
Dilip Buildcon Ltd revenue growth is -5.8% for FY-2025, which is below its 5-year CAGR of 3.08%, indicating slower growth.
Q.1 Which industry/sub-sector does Dilip Buildcon Ltd belong to?
Dilip Buildcon Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Construction - Real Estate segment.
Q.1 Promoter shareholding and pledge status of Dilip Buildcon Ltd?
Promoters hold 63.14% of the Dilip Buildcon Ltd, with 14.16% of their stake pledged, indicating high pledge risk.
Q.1 Revenue growth of Dilip Buildcon Ltd vs industry peers?
Dilip Buildcon Ltd revenue CAGR is 3.08%, compared to the industry median CAGR of 4.37%, indicating stable growth and maintaining its market share.

DeciZen - make an informed investing decision on Dilip Buildcon

Based on:

Overall Rating

1. Quality

2. Valuation

Undervalued

3. Price Trend

Strong

Dilip Buildcon stock performance

Key Ratios
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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 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 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 :

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.4%17.6%18.5%16.6%15.2%13.5%2.7%8.7%13.5%17%-
Value Creation
Index
0.40.30.40.20.1-0-0.8-0.400.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,3005,3197,9379,4169,72510,1689,56610,64412,01211,3179,780
Sales YoY Gr.-23.7%49.2%18.6%3.3%4.6%-5.9%11.3%12.9%-5.8%-
Adj EPS 1926.14140.122.818.4-33.4-15.50.430.486.9
YoY Gr.-37.3%57.2%-2.2%-43.1%-19.2%-281.1%NANA8585.7%-
BVPS (₹) 79.6125.7166.4205.2229.7248.6242.8273.7289.8337.3403.9
Adj Net
Profit
223357561548312252-488-2265.14451,411
Cash Flow from Ops. 2696141,2991,169441,0821,6242,8451,070131-
Debt/CF from Ops. 13.56.93.86.3205.99.75.42.36.872.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%3.1%5.8%-5.8%
Adj EPS 5.4%5.9%NA8585.7%
BVPS17.4%8%11.6%16.4%
Share Price - -2.2% 38.8% 13.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
25.626.928.121.610.57.7-14.1-60.19.423.4
Op. Profit
Mgn %
22.821.818.518.721.3218.17.211.219.120.8
Net Profit
Mgn %
5.26.775.83.73.9-5.3-2.6-0.35.714.4
Debt to
Equity
3.92.52.22.62.93.12.51.71.71.9-
Working Cap
Days
307341276284342377404342308374189
Cash Conv.
Cycle
148139784551486348323463

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.40%

Debt to equity has declined versus last 3 years average to 1.93

Sales growth has been subdued in last 3 years 5.76%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -15.90%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 50.6 86.9
TTM Sales (₹ Cr.) 7,460 9,780
BVPS (₹) 405 403.9
Reserves (₹ Cr.) 6,417 6,399
P/BV 1.16 1.16
PE 9.30 5.42
From the Market
52 Week Low / High (₹) 381.75 / 587.90
All Time Low / High (₹) 159.70 / 1248.35
Market Cap (₹ Cr.) 7,641
Equity (₹ Cr.) 162.4
Face Value (₹) 10
Industry PE 46.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *24.9924.9815.5215.4714.1614.1614.1614.1614.1614.16
* Pledged shares as % of Promoter's holding (%)

Valuation of Dilip Buildcon - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4,3005,3197,9379,4169,72510,1689,56610,64412,01211,317
Operating Expenses + 3,3204,1596,4667,6517,6578,0408,7949,87310,6659,166
Manufacturing Costs1,5781,7653,0163,5063,3423,4403,7183,7424,3273,578
Material Costs9841,4742,2022,6782,7962,9203,3254,3894,6634,323
Employee Cost 7182119143163162202191178194
Other Costs 6878381,1301,3241,3561,5181,5491,5521,4971,072
Operating Profit 9801,1601,4721,7652,0682,1297737701,3472,151
Operating Profit Margin (%) 22.8%21.8%18.5%18.7%21.3%20.9%8.1%7.2%11.2%19.0%
Other Income + 16121747384238254219136
Exceptional Items 0024-27032-58379318289
Interest 5195555908721,1361,1741,0579011,0131,249
Depreciation 200245292362470443400398379346
Profit Before Tax 277372631577569586-704103492981
Tax 47146133164168-154105291141
Profit After Tax 230358570544405418-550-1201840
PAT Margin (%) 5.3%6.7%7.2%5.8%4.2%4.1%-5.8%-0.0%1.7%7.4%
Adjusted EPS (₹)19.626.242.240.026.319.9-36.33.213.343.8
Dividend Payout Ratio (%)0.10%3.80%2.40%2.50%3.80%5%-0.30%3.10%7.50%2.30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9321,7192,2762,8063,1413,4003,5514,0024,2374,931
Share Capital 117137137137137137146146146146
Reserves 8151,5822,1392,6693,0053,2633,4043,8554,0904,785
Debt +3,2143,7804,7366,9508,3499,5837,9416,1216,6908,768
Long Term Debt1,7602,2722,9394,8205,9867,0095,9643,9615,0526,935
Short Term Debt1,4551,5081,7982,1302,3632,5741,9772,1601,6391,833
Minority Interest001429162373-1-35191
Trade Payables1,0238891,5221,7411,6542,0772,2663,0572,8912,809
Others Liabilities 1,1061,6322,0272,9133,4112,8982,3952,1882,8132,957
Total Liabilities 6,2768,01910,57514,43916,71718,33116,15115,36516,63619,655

Fixed Assets

Net Fixed Assets +1,6551,9672,0443,0312,9082,7301,7891,5291,5311,427
Gross Block2,2062,7603,1044,4524,8624,9004,2464,0564,2474,282
Accumulated Depreciation5527931,0591,4211,9542,1712,4572,5282,7162,854
CWIP 04601,6232,7362,8403,8933,3852,6582,8323,689
Investments 000689371964857832
Inventories1,5801,6642,0262,5042,6453,0493,4393,3683,4803,486
Trade Receivables9199501,1551,1621,1581,1589571,3891,2791,412
Cash Equivalents 1161632955217898095834267361,158
Others Assets 2,0062,8153,4334,4176,3696,6565,9985,0315,9207,651
Total Assets 6,2768,01910,57514,43916,71718,33116,15115,36516,63619,655

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2696141,2991,169441,0821,6242,8451,080131
PBT 277372631577569586-704103492981
Adjustment 7408108741,3251,6101,6111,5939801,0271,271
Changes in Working Capital -689-463-52-600-1933-9179141600-273-2135
Tax Paid -59-105-153-132-202-198-180162-16614
Cash Flow From Investing Activity + -171-1,007-1,518-2,512-278-1,32244526-111-731
Capex -176-1,017-1,531-2,462-382-1,317359610-786-1,108
Net Investments 000-6968-3956-612564246
Others 59131936333028112131
Cash Flow From Financing Activity -2484403501,569502261-2,295-3,028-4311,022
Net Proceeds from Shares + 04300000501000
Net Proceeds from Borrowing 1945126672,1251,4211,237-1,127-2,3081,1042,091
Interest Paid -519-555-590-872-1,136-1,1730-901-1,012-1,249
Dividend Paid -1-0-16-16-16-14-1,072-1-1-15
Others 7853290332233211-597184-521195
Net Cash Flow -1514713222726720-226-157539422

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)26.4526.9828.5421.413.6112.79-15.82-0.044.8818.32
ROCE (%)18.4217.6418.5416.6115.2113.482.698.7413.5117.02
Asset Turnover Ratio0.720.740.850.750.620.580.550.680.750.62
PAT to CFO Conversion(x)1.171.722.282.150.112.59N/AN/A5.370.16
Working Capital Days
Receivable Days92.6064.1048.4044.9043.5041.6040.4040.2040.5043.40
Inventory Days107.30111.3084.8087.8096.60102.20123.80116.70104112.30
Payable Days156.7092.60144222.30221.60233.30238.40221.30232.80240.60

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Dilip Buildcon Ltd FAQs

The current trading price of Dilip Buildcon on 06-May-2026 16:01 is ₹478.2.

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 05-May-2026 the market cap of Dilip Buildcon stood at ₹7,641.4 Cr

The latest P/E ratio of Dilip Buildcon as of 05-May-2026 is 9.30.

The latest P/B ratio of Dilip Buildcon as of 05-May-2026 is 1.16.

The 52-week high of Dilip Buildcon is ₹587.9 and the 52-week low is ₹381.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dilip Buildcon is ₹7,460 ( Cr.) .

About Dilip Buildcon Ltd

Dilip Buildcon (DBL) is a prominent Engineering, Procurement, and Construction (EPC) company in India, with a proven track record of delivering complex infrastructure projects on time and with precision. With a diverse portfolio spanning multiple sectors, including Roads and Highways, Power Transmission, Metro and Rail, Mining, Irrigation, Tunnel Construction, Special Bridges, Urban Development, and Renewable Energy, the company has established itself as a trusted partner in India’s infrastructure development journey ability to handle large-scale projects. Over the years, the company has transformed from a pure-play road construction Company into a diversified infrastructure player with pan-India operations.

The company has built its reputation on timely project execution, quality delivery and robust in-house capabilities. With operations in many states and Union Territory, the company manages the entire project lifecycle from design and planning to construction and commissioning, largely through internal teams and resources. This integrated model enables better control over quality, cost and timelines.

The company has also expanded into long-term, cash generating businesses such as coal mining (MDO) and road asset monetisation through InvIT structures, strengthening its revenue stability. The company continues to target growth opportunities across both traditional and emerging infrastructure segments, supported by a strong bidding pipeline and government focus on infrastructure development. The company remains committed to operational excellence, sustainable growth and financial prudence, positioning itself well for future opportunities.

Business area of the company

The company is one of India’s most prominent infrastructure development companies, with a strong presence across sectors such as roads, highways, bridges, tunnels, airports, metros, irrigation, water supply, urban infrastructure and coal mining.

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.
  • 2019: Construction World Global Award 2019 3rd Fastest Growing Construction Company (Large Category) on October 15, 2019 at New Delhi, India.
  • 2019: Dilipbuildcon Awarded Dun & Bradstreet ConstructionInfrastructure Development Awards 2019 (Roads & Highways) on November 20, 2019 at New Delhi, India.
  • 2019: DBL bags National Highway Excellence Award 2019 for Excellence in Project Management at New Delhi, India.
  • 2019: CNBC Awaaz CEO awards 2019 has been conferred to Dilip Buildcon for “Company of the Year” in the Infrastructure segment.
  • 2020: DBL bags National Highway Excellence Award 2020 for Excellence in Project Management at New Delhi, India.
  • 2021: DBL bags “BEST PLACES TO WORK IN INDIA” Employees Choice Award 2021 as The Best Large Construction Company in India.
  • 2025: Fifteen years of trust and continued partnership between DBL and Volvo. Together they strive and success, growth and a sustainable future! DBL acting as one of Volvo’s key Indian customers since 2010.
  • 2025: DBL is proud to announce that it has been recognized as a Winner at the Ambition Box Best Employees’ Choice Awards (ABECA) 2025, under the category of Top-Rated Construction Companies - 2025

History and Milestones

  • 1987: Dilip Suryavanshi, a young civil engineer started Dilip Builders as a proprietorship firm with focus on real estate construction.
  • 1994: The young firm witnessed a healthy growth in its core business over the years, and expands into sewage treatment sector.
  • 1996: First backward integration by buying its 1st stone crusher.
  • 2001: The Company saw infrastructure as a sunrise sector and forays into its 1st road construction project.
  • 2007: Converted to a private limited company to fulfil the growing ambitions of a young Company.
  • 2009: Expanded geographical presence by securing a project in Himanchal Pradesh, a World Bank funded road project.
  • 2010: The Company continued its expansion pace, winning its first EPC project worth Rs 1081 crore in Gujarat and with this the Company forays into its 2nd state.
  • 2012: As the Company grew more than 100% Y-o-Y, it decided to raise private equity to keep up with its growth plans and raises Rs 75 crore from Banyan Tree Capital.
  • 2014: Company expanded into the Irrigation development segment with a focus on dams, canals and water supply projects.
  • 2015: Continuing with its plan of sector expansion, the Company enters mining segment, where it does over burden removal for the Government of India.
  • 2016: IPO oversubscribed by 22 times, making it the most successful EPC issuance in almost a decade.
  • 2017: Sold complete portfolio of 24 road assets with an economic value of Rs 10,500 crore making it the single largest road buyout transaction till that time.
  • 2018: Forays into airport development segment.
  • 2019: Enters into Tunnels and Metros segments.
  • 2019: Revenue grows to more than 120%, since the Company went public 3 years ago.
  • 2020: Completed 14 projects worth Rs 10,544 crore, which is highest completion in a single year.
  • 2021: Highest ever order won and Largest Order book.
  • 2022: Completed 12 projects worth Rs 8,160 crore in 8 states despite several headwinds.
  • 2023: Crossed Turnover of over Rs 10,000 crore.
  • 2024: Crossed Net Worth of Rs 5,000 crore.
  • 2025: Coal MDO – Production crossed 25 MMT of Coal.
  • 2025: Divestments in road HAM assets to Alpha Alternatives (AA).
  • 2025: Ventured into Opticle fiber laying segment.

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