Dilip Buildcon Ltd. (IN:DBL)
:DBL
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Dilip Buildcon Ltd.
(DBL)
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Rating:57Neutral
Price Target:
₹457.00
▼(-2.71% Downside)
Action:Reiterated
Date:05/16/26
The score is held back primarily by weak cash generation (negative operating cash flow and deeply negative free cash flow) and a recent revenue decline, despite a strong profitability rebound and improving leverage. Technical momentum is modestly bearish, while the low P/E provides meaningful valuation support.
Positive Factors
Profitability rebound
Margins have moved from loss to robust operating and net profitability, reflecting stronger project execution and pricing discipline. Sustained higher EBIT and net margins improve long-term earnings power, supporting reinvestment capacity and the ability to absorb input cost volatility over months.
Negative Factors
Weak cash generation
Persistent negative free cash flow and a swing to negative operating cash flow indicate a structural cash-conversion problem. This gap between accounting profits and cash raises funding risk, may force external financing or asset monetization, and constrains capital allocation over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
Margins have moved from loss to robust operating and net profitability, reflecting stronger project execution and pricing discipline. Sustained higher EBIT and net margins improve long-term earnings power, supporting reinvestment capacity and the ability to absorb input cost volatility over months.
Read all positive factors
Dilip Buildcon Ltd. (DBL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹70.31B
Dividend Yield0.21%
Average Volume (3M)27.95K
Price to Earnings (P/E)4.5
Beta (1Y)1.18
Revenue Growth-20.36%
EPS Growth91.60%
CountryIN
Employees23,762
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)61.40
Shares Outstanding162,444,840
10 Day Avg. Volume43,053
30 Day Avg. Volume27,947
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.86
Price to Sales (P/S)0.65
P/FCF Ratio-1.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹478.00Price Target Upside1.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)24.82
Revenue Forecast (FY)₹96.86B
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 ...
How the Company Makes Money
DBL primarily makes money by undertaking infrastructure construction contracts and EPC works awarded by central/state government departments and public-sector authorities, where revenue is recognized as project execution progresses based on contra...
Dilip Buildcon Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
61
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.32B | 89.84B | 113.17B | 120.12B | 103.33B | 91.94B |
| Gross Profit | 26.74B | 18.25B | 27.57B | 20.67B | 10.95B | 9.11B |
| EBITDA | 28.43B | 17.66B | 21.51B | 16.56B | 11.82B | 7.53B |
| Net Income | 6.97B | 13.02B | 6.41B | 1.94B | 9.35M | -5.49B |
Balance Sheet | ||||||
| Total Assets | 205.79B | 189.08B | 197.09B | 166.47B | 154.39B | 163.41B |
| Cash, Cash Equivalents and Short-Term Investments | 23.01B | 3.79B | 11.58B | 7.36B | 4.26B | 5.83B |
| Total Debt | 103.75B | 80.41B | 95.25B | 72.46B | 66.75B | 88.15B |
| Total Liabilities | 144.99B | 119.47B | 144.54B | 122.72B | 114.41B | 127.91B |
| Stockholders Equity | 57.72B | 68.29B | 50.64B | 43.70B | 40.02B | 35.51B |
Cash Flow | ||||||
| Free Cash Flow | -34.10B | -33.03B | -41.34B | -44.83B | -10.71B | -23.60B |
| Operating Cash Flow | -21.54B | -656.39M | 1.31B | 10.70B | 28.45B | 16.24B |
| Investing Cash Flow | 12.75B | 3.35B | -7.31B | -1.11B | 257.88M | 4.45B |
| Financing Cash Flow | 4.15B | -11.00B | 10.22B | -4.31B | -30.28B | -22.95B |
Dilip Buildcon Ltd. Technical Analysis
Negative
469.75
Price Trends
442.88
Negative
448.97
Negative
466.24
Negative
Market Momentum
-1.10
Positive
39.28
Neutral
8.39
Positive
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 469.75 is above the 20-day moving average (MA) of 463.59, above the 50-day MA of 442.88, and above the 200-day MA of 466.24, indicating a bearish trend. The MACD of -1.10 indicates Positive momentum. The RSI at 39.28 is Neutral, neither overbought nor oversold. The STOCH value of 8.39 is Positive, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹37.33B | 11.13 | ― | 0.16% | -42.03% | -61.34% | |
68 Neutral | ₹47.75B | 15.47 | ― | 1.03% | -43.10% | -32.97% | |
66 Neutral | ₹36.41B | 8.36 | ― | 0.67% | 0.52% | -1.01% | |
65 Neutral | ₹39.25B | 13.05 | ― | 0.25% | -4.35% | -28.49% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹54.57B | 4.95 | ― | 0.23% | -20.69% | 1.98% | |
57 Neutral | ₹70.31B | 4.50 | ― | 0.21% | -20.36% | 91.60% |
* Industrials Sector Average
IN:DBL
Dilip Buildcon Ltd.
429.30
-48.67
-10.18%
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Dilip Buildcon Ltd. Corporate Events
Dilip Buildcon Issues Corrigendum to Postal Ballot on Intra-Group Loan Limits
Apr 13, 2026
Dilip Buildcon Ltd. has issued a corrigendum to its 1 April 2026 postal ballot notice, correcting and updating disclosures in the explanatory statement linked to a resolution on granting loans to various group entities. The revised table clarifies...
Dilip Buildcon JV Emerges L1 Bidder for Rs 268 Crore Sabarmati Barrage Project
Apr 9, 2026
Dilip Buildcon, through its joint venture with RBL, has emerged as the lowest bidder for a Rs 268 crore engineering, procurement and construction contract to design and build the Ged Barrage and associated protection works on the Sabarmati river i...
Dilip Buildcon emerges L-1 bidder for Rs 160 crore Odisha road EPC project
Mar 14, 2026
Dilip Buildcon Ltd. has emerged as the lowest (L-1) bidder for a Rs 160.20 crore EPC contract from Odisha Bridge Construction Corporation Ltd. to build a six-lane diversion road with service road on the Duduka-Gopalpur-Toparia stretch in Sundarga...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.