Rs 24,000 crore order book: This multibagger civil construction company bags new order worth Rs 396.93 crore from Water Resources Zone, Udaipur!
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 159.70 per share.
Dilip Buildcon Ltd informed that the company have bagged a new order worth Rs 396.93 crore from Water Resources Zone, Udaipur (Rajasthan). The order includes planning, design and construction of Dewas III and IV Dams Tehsil- Gogunda Udaipur District in Rajasthan India on an engineering, procurement and construction (EPC) single responsibility turn-key basis, including 10 years of operations and management.
Order Book Update: As of June 30, 2023, the company's order book stood at Rs 24,050.90 crore, with orders from various business divisions, including roads & highways, metro, irrigation and water supply.
Earlier, the company received an order in JV with Patel Engineering Ltd for EPC testing commissioning trial run and operation and maintenance for 10 Years of Narmada Gambhir multi-village drinking water supply scheme District Ujjain in a single package on a turn-key job basis. The order is worth Rs 1,275.30 crore and will be completed in 24 months from LOI.
Quarterly Results: The net sales increased by 1.26 per cent to Rs 2,920.78 crore and net profit skyrocketed by 122 per cent to Rs 12.31 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 0.87.
Dilip Buildcon Limited is presently in the business of development of infrastructure facilities on an EPC basis and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. The company has a market cap of Rs 4,635 crore.
On Wednesday, shares of Dilip Buildcon Ltd gained 2.47 per cent to Rs 317 per share with the day’s high of Rs 321 and low of Rs 313. The shares of the company saw a spurt in volume by more than 1.74 times on BSE.
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 159.70 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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