Rs 21,843 crore order book: Multibagger small-cap civil construction stock hit a fresh 52-week high after getting an order worth Rs 412 crore!

The stock has given multibagger returns of 117 per cent in last one year.

Dilip Buildcon Limited (JV) [VKMCPL -DBL (JV)] has 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, is set to be completed within 60 months.

In Quarterly Result 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.

In Friday's intraday trading, Dilip Buildcon Ltd opened at Rs. 468 and reached a high of Rs. 486, with a low of Rs. 451.1. Currently, the stock is trading at Rs. 453, showing a slight increase from the previous close of Rs. 450.85, marking a 0.48 per cent change. The stock's 52-week high stands at Rs. 486, while the 52-week low is at Rs. 159.55. With a market cap of Rs. 6614.88 crore, the company's performance reflects moderate volatility, likely influenced by market sentiment and industry dynamics.

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.

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