Rs 25,395 crore order book: This small-cap company receives completion certificate for project worth Rs 1,278 crore!
The stock is up by 30 per cent in 1 month and over 75 per cent in 3 months.
Dilip Buildcon Ltd, a leading Engineering Procurement and Construction (EPC) company informed that the company has received a completion certificate for a project worth Rs 1,278 crore.
Project Details: 4 laning from km. 42 to km. 80 of Dodaballapur Bypass to Hoskote section of NH-648 (Old NH207) on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka (Package-II)” has been provisionally completed. The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as of July 21, 2023. The Provisional Completion Certificate has been issued by the authority. The project was worth Rs 1,278 crore.
According to the financials, Dilip Buildcon has a market cap of over Rs 4,500 crore. The net sales increased by 14.01 per cent and the net profit increased by 1,852.61 per cent in Q4FY23 over Q4FY22. The net sales increased by 12.36 per cent and the net profit increased by 357.96 per cent in FY23 over FY22.
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Dilip Buildcon Limited is presently in the business of development of infrastructure facilities on an EPC basis and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. The company’s total order book stands at Rs 25,395 crore.
On Thursday, shares of Dilip Buildcon Ltd plunged 3.47 per cent to Rs 307.45 per share with the day’s high of Rs 330 and low of Rs 304.30. The stock is up by 30 per cent in 1 month and over 75 per cent in 3 months. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.