Rs 24,050 crore order book, this company bagged order from Water Resource Department of Madhya Pradesh

The stock has generated an impressive return of 80 per cent in the last three months

Dilip Buildcon Limited, in collaboration with Dilip Buildcon Limited – Vijay Kumar Mishra Construction Pvt. Ltd, has secured a significant project.

The project involves the construction of the Malhargarh Pressurized Micro lifting major irrigation project on a "Turn key" basis, with a contract value of Rs. 699.03 Crores from the Water Resource Department in the Mandsaur District of Madhya Pradesh.

The awarded project encompasses several essential aspects, including the creation of construction drawings and designs, securing approval for these plans from relevant authorities, and overseeing the realization of all civil, mechanical, and electrical components integral to the project's construction.

The shares of Dilip Buildcon Limited commenced trading at Rs. 305, remaining nearly unchanged compared to the previous day's closing price of Rs. 306. Finally, the company's shares concluded the day at Rs. 307.95, representing an increase of Rs. 1.65 or 0.54 per cent from the previous day’s closing price.

The stock's 52-week high and low are Rs. 348 and Rs. 160, respectively. With a market capitalization of Rs. 4500 crore, the stock has exhibited exceptional performance in recent periods, delivering a remarkable 80 per cent return in the last three months.

During the June quarter of FY24, the company's revenue from operations experienced a 1.2 per cent YoY increase, rising from Rs. 2884 crore to Rs. 2921 crore. The company's operating profit grew from Rs. 277 crore to Rs. 394 crore, and on a sequential basis, it significantly increased from Rs. 170 crore to Rs. 394 crore, resulting in an operating profit margin of 13 per cent.

The company's net profit for the same period amounted to Rs. 12 crore, as opposed to Rs. 13 crore during the corresponding period last year.

The company's return on capital employed (ROCE) is 5.45 per cent. The book value of the company is Rs. 274, implying that the stock is trading at a price-to-book value of 1.12 times in the market.

Established in 2006, Dilip Buildcon Limited is currently engaged in the construction of infrastructure facilities using the Engineering Procurement and Construction (EPC) approach. The company undertakes projects from various sources, including governmental entities, other organizations, and entities established by the company for specific purposes.

Disclaimer: This article is for informational purposes only and not investment advice.