Dilip Buildcon Ltd. (DBL) AI Stock Analysis

• Market Cap: ₹76.85B
• Dividend Yield: 0.21%
• Average Volume (3M): 27.95K
• Price to Earnings (P/E): 10.6
• Beta (1Y): 1.44
• Revenue Growth: -13.57%
• EPS Growth: 40.24%
• Country: IN
• Employees: 23,762
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.30
• Shares Outstanding: 162,444,840
• 10 Day Avg. Volume: 43,053
• 30 Day Avg. Volume: 27,947
• 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: 60 Neutral
• Price Target: ₹501.00 ▲(6.65% Upside)

Dilip Buildcon Ltd. has a balanced score driven primarily by its financial performance and technical analysis. The company's strong revenue growth is offset by challenges in profitability and cash flow, while technical indicators provide a mixed outlook. The valuation suggests the stock is reasonably priced, but the low dividend yield limits its appeal to income-focused investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective project execution, supporting long-term business expansion.

Operational Efficiency

Improved operational efficiency through better margins enhances profitability potential, contributing to sustainable business operations.

Equity Strengthening

Increasing equity base strengthens financial stability, providing a buffer against economic fluctuations and supporting growth initiatives.

Negative Factors

High Leverage

High financial leverage poses risks to financial stability, potentially limiting flexibility and increasing vulnerability to interest rate changes.

Profitability Challenges

Pressure on profit margins indicates challenges in cost management and pricing power, which could affect long-term profitability.

Negative Free Cash Flow

Consistently negative free cash flow limits the company's ability to invest in growth opportunities and may strain financial resources.

Dilip Buildcon Ltd. Business Overview & Revenue Model

Company Description

Dilip Buildcon Limited, together its subsidiaries, engages in the development of infrastructure facilities on engineering, procurement, and construction (EPC) basis in India. It operates through two segments, EPC Projects, and Road Infrastructure Maintenance & Toll operations. The company undertakes highway and bridge operation projects; and road, irrigation, urban development, dam, canal, tunnel, metro rail viaducts, water supply, coal mining, water sanitation and sewage, airport, industrial, commercial and residential building, and other projects. It is also involved in the maintenance of road infrastructure facilities; and toll operations. Dilip Buildcon Limited was incorporated in 1987 and is headquartered in Bhopal, India.

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: Positive
• Last Price: 469.75
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 469.75 is above the 20-day moving average (MA) of 465.47, above the 50-day MA of 461.98, and below the 200-day MA of 479.93, indicating a neutral trend. The MACD of 0.29 indicates Negative momentum. The RSI at 54.96 is Neutral, neither overbought nor oversold. The STOCH value of 76.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	74 Outperform	₹39.92B	6.48	―	0.16%	-42.73%	-44.36%
JKIL	67 Neutral	₹41.70B	10.22	―	0.67%	13.96%	12.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MANINFRA	61 Neutral	₹46.97B	16.25	―	1.03%	-21.85%	-1.63%
DBL	60 Neutral	₹76.85B	10.55	―	0.21%	-13.57%	40.24%
HGINFRA	57 Neutral	₹45.31B	10.97	―	0.25%	-8.92%	-22.83%
PNCINFRA	57 Neutral	₹61.76B	7.68	―	0.23%	-30.54%	-35.13%

Dilip Buildcon Ltd. Corporate Events

Dilip Buildcon Emerges L-1 Bidder for ₹1,850-Crore Karnataka Power Transmission Project

Dilip Buildcon Ltd. has been declared the lowest (L-1) and successful bidder by REC Power Development and Consultancy Ltd., acting on behalf of the Government of Karnataka, to develop a 400/220/33 kV AIS sub-station at Mekhali in Belagavi district along with associated 400 kV and 220 kV transmission lines. The intra-state transmission project, to be executed on a Build, Own, Operate and Transfer basis under a tariff-based competitive bidding route, covers development, financing, design, engineering, procurement, construction, testing, commissioning, and long-term operation and maintenance over a 35-year period from the commercial operation date, with construction and commissioning targeted within 24 months and an estimated EPC value for Dilip Buildcon of about ₹1,850 crore (excluding GST).

Dilip Buildcon Ltd. Board Approves Postal Ballot Notice

Dilip Buildcon Ltd. announced that its Board of Directors has approved a draft Postal Ballot Notice and set a cut-off date for related matters. This decision is part of the company’s regulatory compliance and will be followed by further communication to its members and stock exchanges, potentially impacting shareholder engagement and corporate governance processes.

Dilip Buildcon Releases Q3 2025 Investor Presentation

Dilip Buildcon Ltd. has released its investor presentation for the quarter ending September 30, 2025, in compliance with SEBI regulations. This presentation, which will be available on the company’s website, provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market position and investor relations.

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.