Rs 21,842.90 crore order book: This multibagger civil construction company received LOA for a turnkey project worth Rs 412.92 crore
This is a multibagger stock with returns of 125.72 per cent in a year.
Dilip Buildcon Ltd and Vijay Kumar Mishra Construction Pvt. Ltd (Joint Venture) [DBL-VKMCPL (JV)] has received letter of acceptance (LOA) for the “Construction of Machhrewa Irrigation Project Dam and Pressurized pipe irrigation network on Turn key basis”, order worth Rs. 412.92 crores. This is a turnkey project with the time deadline of 60 months.
Earlier on March 13, 2024, “Bengaluru-Vijayawada Expressway Package-1 Limited, Bengaluru-Vijayawada Expressway Package-4 Limited and Bengaluru-Vijayawada Expressway Package-7”, wholly owned subsidiaries of the Dilip Buildcon Ltd have received the letter related to appointed date from the National Highways Authority of India (Ministry of Road Transport and Highways) totalling worth of Rs 2,153.72 crore.
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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 125.72 per cent in a year.
Disclaimer: The article is for informational purposes only and not investment advice.