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.
DSIJ offers a service 'Pop Stock" with recommendations for intraday trading based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Related articles
-
Multibagger penny stock under Rs 60: This civil construction company bags new order worth Rs 1275.30 crore!
-
1:4 Bonus Issue: Debt-Free Liquor Stock Hits All-Time High & Upper Circuit with Heavy Volume Today – Do You Own It?
-
Penny Stock Under Rs 20: This Oil Exploration Stock Hits Upper Circuit & 52-Week High Today; Q4 FY24 Net Profits Surge by 230 per cent: Must Watch!
-
52-Week High Alert: Steel Company Establishes New Manufacturing Plant in Raebareli, Uttar Pradesh; Stock Surges Over 140 per cent in One Year!
-
400 per cent multibagger returns and Heavy buying: This defence & aerospace stock bags new orders worth Rs 266 crore from Garden Reach Shipbuilders!
-
Rs 800 Crore Order Book: This Aerospace & Defence Electronic Company Bags Order Worth Rs 1,250 Crore from Larsen & Toubro!
-
Penny Stock Under 15: Company Bags Order Worth Rs 1,96,80,000 from BSNL; Stock Hits Upper Circuit Today!
-
Rs 57,536 Crore Order Book: Rekha Rakesh Jhunjhunwala-Backed Construction Company Bagged Order Worth Rs 335 Crore in June, Stock Gains Over 160 Per cent in Just 1 Year!
-
Stock Hits Upper Circuit After Small-Cap Multibagger Announces 3:1 Bonus Shares; Stock Gains Over 200 per cent in Just 6 Months Only!
-
Heavy buying: Back-to-back upper circuit in this multibagger solar power stock; bags new order for solar power plant worth Rs 4.12 crore!
-
This Artificial Intelligence Company's Shares Hit Upper Circuit: Here's Why? Promoter Increased Stake from 4.03 per cent to 34.03 per cent & FIIs own 22.93 per cent stake!
-
Solar Company Bags Order Worth Rs 17,82,10,800 from Eminent Paper Industries, Stock Gains Over 230 per cent in just 6 months!
-
Rs 800 Crore Order Book: This Small-Cap Company Secures Rs 53,00,00,000 Order from Housing & Urban Development Department, Government of Odisha
-
Rs 3,400 crore order book: Multibagger power company bags order worth Rs 12,07,26,677 from NTPC & Maharashtra State Power Generation Company!
-
Under Rs 110: This Microcap Railway Company Bags Order Worth Rs 34,94,70,000 from K-Ride, a Rail Infrastructure Development Company!
-
900 per cent returns and FIIs & DIIs increase stake: This multibagger power sector stock secures major order for a 300 MW wind-solar hybrid power project!
-
Penny Stock Under Rs 50 Hits Upper Circuit and 52-Week High; Promoters of This Realty Company Bought 5,15,987 Shares in June!
-
Ashish Kaholia’s Portfolio Engineering Company Stock Hits Upper Circuit; Gains Over 190 per cent in Just 1 Year – Do You Own This Stock?
-
3:1 Bonus Shares Announced by Small-Cap Multibagger Company; Stock Gains Over 250 per cent in Just 1 Year!
-
5:1 Stock Split Announced by This Small-Cap Company; FIIs Bought 11,66,846 Shares!