Rs 21,842.90 crore order book: This civil construction company executes Concession Agreement with Government of Goa for Infrastructure Project worth Rs 270 crore!

This is a multibagger stock with returns of 136.75 per cent in a year.

Dilip Buildcon Ltd has successfully finalized a concession agreement with the Public Works Department, Government of Goa. The agreement, signed on February 22, 2024, marks a pivotal step forward in the company's endeavors to contribute to infrastructure development in the region.

The project, titled "Construction of Observatory Towers and Viewing Galleries," encompasses a range of amenities including decorative lighting and parking facilities for the New Zuari Bridge on NH-17/NH-66 in the Panjim-Mangalore section of Goa. Valued at Rs. 270.07 Crores, the endeavour is set to be executed under the Design, Build, Finance, Operate, and Transfer (DBFOT) mode, with a completion period of 60 months. The commencement period is slated to begin 50 years after the completion period.

Earlier Dilip Buildcon Limited (JV) [VKMCPL -DBL (JV)] declared as L-1 bidder for the tender floated by the Water Resources Department, Madhya Pradesh. The project, valued at Rs 412.92 crores, awarded by the Water Resources Department, Madhya Pradesh, and set to be completed within 60 months.

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 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 136.75 per cent in a year.

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