Rs 21,842.90 crore order book: This multibagger civil construction company declared as L-1 bidder for the tender floated by the Haryana Rail Infrastructure Development Corporation Ltd
This is a multibagger stock with returns of 153.86 per cent in a year.
Dilip Buildcon Ltd has declared as L-1 bidder for the tender floated by the Haryana Rail Infrastructure Development Corporation Limited on EPC mode in the state of Haryana. The allotted project is worth Rs 1092.46 crore including GST to be completed in 36 months.
Project details
HRIDC - EPC -Prithla to Dhulawat
Contract Package C5: Composite Contract package in connection with New BG Double Railway Line of HORC project between stations Prithla and Dhulawat for:
- Design and Construction of Civil Works (Earthwork, Bridges, Stations and Retaining Walls) from km -2.296 to km 12.00 & km 18.00 to km 20.942;
- Design & Construction of viaduct from km 20.942 to km 24.844;
- Design & Construction of Ballastless track from km 20.842 to km 24.844; and
- Design, Supply, Installation, Testing & Commissioning of General Electrical Services from km -2.296 to km 12.00 and Km 18.00 to Km 24.844
Earlier on March 13, 2024, Dilip Buildcon Ltd and Vijay Kumar Mishra Construction Pvt. Ltd (Joint Venture) [DBL-VKMCPL (JV)] has received letter of acceptance (LOA) for the “Construction of Machhrewa Irrigation Project Dam and Pressurized pipe irrigation network on Turn key basis”, order worth Rs. 412.92 crores. This is a turnkey project with the time deadline of 60 months.
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Order Book Update: As of December 31, 2023, the company's order book stood at Rs 21,842.9 crore, with orders from various business divisions, including Roads & Highways, Metro, Irrigation and Water Supply.
In Quarterly Results of Q3FY24 Dilip Buildcon Ltd reported a 3.2 per cent decrease in net profit to Rs. 107.4 crore for the third quarter ending December 31, 2023, compared to Rs. 111 crores in the same period last year. However, the company witnessed a significant uptick in revenue from operations, recording a 23.9 per cent rise to Rs. 2,876.8 crore from Rs. 2,322.4 crore in the corresponding quarter of the previous fiscal.
On the operational front, Dilip Buildcon's EBITDA surged to Rs. 377 crores in Q3 of the current fiscal, marking a substantial increase from Rs. 157.2 crore in the same period a year ago. The EBITDA margin also showed a notable improvement, reaching 13.1 per cent compared to 6.8 per cent in the year-ago quarter, reflecting enhanced operational efficiency and profitability.
About Company
Dilip Buildcon Limited, incorporated in 2006, is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the Company. This is a multibagger stock with returns of 153.86 per cent in a year.
Disclaimer: The article is for informational purposes only and not investment advice.