Dilip Buildcon Ltd. (DBL) AI Stock Analysis

• Market Cap: ₹77.87B
• Dividend Yield: 0.21%
• Average Volume (3M): 20.10K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 1.39
• Revenue Growth: -11.92%
• EPS Growth: 141.80%
• Country: IN
• Employees: 23,762
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 2.55
• Shares Outstanding: 162,444,840
• 10 Day Avg. Volume: 30,217
• 30 Day Avg. Volume: 20,100
• PEG Ratio: 0.04
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -1.43
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ₹511.00 ▲(4.57% Upside)

Dilip Buildcon Ltd. has a moderate overall stock score driven by strong revenue growth but offset by challenges in profitability and cash flow. The technical indicators suggest a bearish trend, while the valuation appears reasonable. The lack of earnings call data and corporate events means these factors do not influence the score.

Dilip Buildcon Ltd. Business Overview & Revenue Model

Company Description

Dilip Buildcon Ltd. (DBL) is a leading infrastructure development company based in India, primarily engaged in the construction of roads, highways, and bridges. The firm operates in various sectors including transportation, irrigation, and urban development, focusing on delivering high-quality infrastructure projects that facilitate economic growth. DBL is known for its commitment to excellence and innovation in engineering and construction services, catering to both government and private sector clients.

How the Company Makes Money

Dilip Buildcon Ltd. generates revenue primarily through contracts for construction and infrastructure projects, which are awarded by government agencies and private entities. The company's revenue model relies on fixed-price contracts, where it agrees to complete a project for a predetermined amount. Key revenue streams include road construction, maintenance contracts, and project management services. Additionally, DBL has formed partnerships with various public sector undertakings and engages in public-private partnerships (PPPs) to access a wider range of projects. The company's ability to secure new contracts, coupled with efficient project execution and cost management, directly impacts its earnings.

Dilip Buildcon Ltd. Financial Statement Overview

Summary

Dilip Buildcon Ltd. shows strong revenue growth but faces challenges with profitability and cash flow generation. The high leverage on its balance sheet poses potential risks, although efforts to strengthen equity are evident. Operational efficiency has improved, but the company needs to focus on enhancing profitability and managing its cash flow more effectively.

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	107.67B	113.17B	120.12B	103.33B	91.94B	94.26B
Gross Profit	28.60B	27.57B	20.67B	10.95B	9.11B	18.74B
EBITDA	28.98B	21.51B	16.56B	11.82B	7.53B	22.03B
Net Income	7.50B	6.41B	1.94B	9.35M	-5.49B	2.67B
Balance Sheet
Total Assets	0.00	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	5.83B	4.66B
Total Debt	0.00	95.25B	72.46B	66.75B	88.15B	105.44B
Total Liabilities	-52.55B	144.54B	122.72B	114.41B	127.91B	145.95B
Stockholders Equity	52.55B	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: 488.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• 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 488.65 is below the 20-day moving average (MA) of 494.12, below the 50-day MA of 503.15, and above the 200-day MA of 473.09, indicating a neutral trend. The MACD of -5.01 indicates Positive momentum. The RSI at 42.59 is Neutral, neither overbought nor oversold. The STOCH value of 35.78 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
KNRCON	75 Outperform	₹50.48B	5.30	―	0.14%	-2.17%	17.20%
JKIL	74 Outperform	₹48.13B	11.81	―	0.65%	13.96%	12.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MANINFRA	61 Neutral	₹58.45B	20.76	―	0.67%	-13.33%	-12.34%
HGINFRA	57 Neutral	₹59.04B	13.37	―	0.22%	-9.81%	-19.80%
PNCINFRA	57 Neutral	₹72.34B	10.77	―	0.22%	-30.96%	-48.49%
DBL	56 Neutral	₹77.87B	9.63	―	0.21%	-11.92%	141.80%

Dilip Buildcon Ltd. Corporate Events

Dilip Buildcon Secures INR 307.08 Crore Railway Subcontract

Dilip Buildcon Ltd. has secured a significant subcontract worth INR 307.08 crore from ISC Projects Pvt. Ltd. for the development of the Barpali loading bulb at Kusara under the Chakradharpur Division of South Eastern Railway. This project, which involves comprehensive civil engineering works including earthwork, bridge construction, and track linking, is expected to be completed within 24 months. This contract enhances Dilip Buildcon’s portfolio in the railway infrastructure sector, potentially strengthening its market position and offering growth opportunities in the domestic market.

Dilip Buildcon Secures 100 MW Solar Project in Madhya Pradesh

Dilip Buildcon Ltd., through its joint venture DBL-APMPL, has secured a contract to develop a 100 MW grid-connected solar power project in Madhya Pradesh. This project, which will supply power to Madhya Pradesh Jal Nigam for 25 years, marks a significant expansion into renewable energy for the company, potentially enhancing its market positioning and offering long-term benefits to stakeholders.

Dilip Buildcon Secures Rs. 1503.63 Crore Gurugram Metro Project Contract

Dilip Buildcon Ltd., in a joint venture with RBL, has secured a significant contract for the construction of the Gurugram Metro Project in Haryana, valued at Rs. 1503.63 Crores. The project involves building a metro corridor between Millennium City Centre and Cyber City, spanning 26.65 km with an additional spur to Dwarka Expressway. This contract, awarded by Gurugram Metro Rail Limited, is expected to enhance Dilip Buildcon’s position in the metro construction sector and contribute to the region’s infrastructure development.