Dilip Buildcon Ltd. (DBL) AI Stock Analysis

• Market Cap: ₹69.85B
• Dividend Yield: 0.21%
• Average Volume (3M): 20.97K
• Price to Earnings (P/E): 8.4
• Beta (1Y): 1.31
• Revenue Growth: -11.92%
• EPS Growth: 176.97%
• Country: IN
• Employees: 23,762
• Sector: Industrials
• Sector Strength: 84
• Industry: Engineering & Construction
• EPS (TTM): 2.55
• Shares Outstanding: 146,214,970
• 10 Day Avg. Volume: 48,267
• 30 Day Avg. Volume: 20,966
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹492.00
• Price Target Upside: 3.76% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹492.00 ▲(3.76% Upside)

Dilip Buildcon Ltd.'s overall stock score is driven by strong valuation metrics, indicating potential undervaluation. However, financial performance concerns, particularly around profitability and cash flow, weigh on the score. Technical indicators suggest a bearish trend, but there is potential for upward movement.

Dilip Buildcon Ltd. Business Overview & Revenue Model

Company Description

Dilip Buildcon Ltd. (DBL) is an India-based construction and infrastructure development company, primarily engaged in the construction of highways, roads, bridges, tunnels, and other infrastructure projects. The company operates across various sectors including transportation, mining, irrigation, urban development, and power. DBL is known for its integrated business model and execution capabilities, delivering complex projects with timely completion and quality standards.

How the Company Makes Money

Dilip Buildcon Ltd. generates revenue primarily through its engineering, procurement, and construction (EPC) contracts, often awarded by government agencies and private sector clients for infrastructure development projects. The company earns money by undertaking large-scale projects in sectors such as roads and highways, mining, irrigation, and urban infrastructure. Key revenue streams include contract payments for the completion of these infrastructure projects, which are typically structured based on project milestones. Additionally, DBL may engage in public-private partnership (PPP) models, where it invests in infrastructure projects and earns revenue through tolls or annuity payments over the contract period. The company's ability to maintain strategic partnerships and secure long-term contracts significantly contributes to its earnings.

Dilip Buildcon Ltd. Financial Statement Overview

Summary

Dilip Buildcon Ltd. shows strong revenue growth with improved operational efficiency, but profitability and cash flow generation remain challenging. High leverage on the balance sheet poses potential risks, despite efforts to strengthen equity.

Income Statement

Dilip Buildcon Ltd. shows a mixed performance in its income statement metrics. The company has demonstrated consistent revenue growth, with a notable increase in revenue from 2023 to 2025, indicating strong market demand. However, profit margins are under pressure, with fluctuating gross and net profit margins over the years. The EBIT and EBITDA margins have improved in the latest period, suggesting better operational efficiency recently. Overall, the revenue growth trajectory is positive, but profitability remains a challenge.

Balance Sheet

The balance sheet reveals a high level of debt, with a debt-to-equity ratio that suggests substantial financial leverage, which can pose risks if not managed carefully. The company has been increasing its stockholders' equity over time, improving its equity ratio, which is a positive sign of financial stability. However, the return on equity remains modest, indicating that the company is not maximizing shareholder returns efficiently. Despite the growing equity base, the high leverage is a concern for financial stability.

Cash Flow

The cash flow statement indicates challenges in generating positive free cash flow, with significant negative free cash flow reported consistently. The operating cash flow has been volatile, and the free cash flow to net income ratio is unfavorable, highlighting difficulties in converting earnings to cash. While the company has managed to generate operating cash flow, the substantial capital expenditures have resulted in negative free cash flow, which could constrain future growth opportunities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	112.81B	113.17B	120.12B	103.33B	91.94B	94.26B
Gross Profit	28.48B	27.57B	20.67B	10.95B	9.11B	18.74B
EBITDA	24.90B	21.51B	16.56B	11.82B	7.53B	22.03B
Net Income	6.41B	6.41B	1.94B	9.35M	-5.49B	2.67B
Balance Sheet
Total Assets	197.09B	197.09B	166.47B	154.39B	163.41B	183.68B
Cash, Cash Equivalents and Short-Term Investments	11.58B	11.58B	7.36B	4.26B	1.90B	4.66B
Total Debt	95.25B	95.25B	72.46B	66.75B	88.15B	105.44B
Total Liabilities	144.54B	144.54B	122.72B	114.41B	127.91B	145.95B
Stockholders Equity	50.64B	50.64B	43.70B	40.02B	35.51B	34.00B
Cash Flow
Free Cash Flow	0.00	-41.34B	-44.83B	-10.71B	-23.60B	-32.29B
Operating Cash Flow	0.00	1.31B	10.70B	28.45B	16.24B	10.82B
Investing Cash Flow	0.00	-7.31B	-1.11B	257.88M	4.45B	-13.22B
Financing Cash Flow	0.00	10.22B	-4.31B	-30.28B	-22.95B	2.61B

Dilip Buildcon Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 474.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DBL, the sentiment is Negative. The current price of 474.15 is below the 20-day moving average (MA) of 479.23, below the 50-day MA of 495.40, and above the 200-day MA of 465.01, indicating a bearish trend. The MACD of -7.29 indicates Positive momentum. The RSI at 41.63 is Neutral, neither overbought nor oversold. The STOCH value of 25.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:DBL.

Dilip Buildcon Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKIL	74 Outperform	₹50.38B	12.36		0.60%	17.23%	18.22%
MANINFRA	70 Outperform	₹63.19B	21.64		0.55%	-12.30%	-6.27%
HGINFRA	66 Neutral	₹64.48B	12.76		0.20%	-5.99%	-6.15%
KNRCON	66 Neutral	₹56.80B	5.96		0.12%	-1.26%	17.20%
Sector *	63 Neutral	$10.83B	16.63	7.96%	2.06%	2.20%	-16.67%
PNCINFRA	63 Neutral	₹78.69B	9.65		0.19%	-30.96%	-48.49%
DBL	58 Neutral	₹69.85B	8.38		0.21%	-11.92%	176.97%