Rs 21,842.90 crore order book: This multibagger civil construction company executes received project worth Rs 548 crore!
This is a multibagger stock with returns of 117.11 per cent in a year.
Dilip Buildcon Ltd has declared as L-1 bidder for the tender floated by the National Highways Authority of India on Hybrid Annuity basis in the state of Tamil Nadu. For project ““Improving the Alignment of Thoppur Ghat Section from Km 158+500 to 165+100 in Dharmapuri - Salem Section of NH-44 under NH(O) 2023-24 on Hybrid Annuity Mode in the State of Tamil Nadu worth Rs 548 with completion period of 36 months and operating period of 15 years and the length is 6.6 km.
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Earlier, Dilip Buildcon Ltd has successfully finalized a concession agreement with the Public Works Department, Government of Goa for the New Zuari Bridge on NH-17/NH-66 in the Panjim-Mangalore section of Goa. Valued at Rs. 270.07 Crores
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 117.11 per cent in a year.
Disclaimer: The article is for informational purposes only and not investment advice.