DSIJ Mindshare

Earlier, the Board of Directors of GI Engineering announced the rights issue to the equity shareholders in the ratio of 11:8 which had a record date of Tuesday, April 18, 2023. The company is almost debt free and the promoters’ holdings have increased their stake by 1.47 per cent in FY23 over FY22.

The company has delivered an impressive approximate 90 per cent return over the past five years.

According to the financials, Dilip Buildcon has a market cap of Rs 3,578 crore. The net sales increased by 14.01 per cent and the net profit increased by 1,852.61 per cent in Q4FY23 over Q4FY22. The net sales increased by 12.36 per cent and the net profit increased by 357.96 per cent in FY23 over FY22.

Their primary focus is on providing the highest level of service, ensuring exceptional quality and cost-effectiveness for their clients.

On Friday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.77 per cent at 66,060.90 and the NSE Nifty-50 Index up 0.78 per cent at 19,564.50.