Dilip Buildcon Ltd (DBL)

Dilip Buildcon's NH-45A Project Provisionally Completed - 24 Apr, 2024

Dilip Buildcon announced that the Four-laning of Villupuram Puducherry Section of NH-45A project has been provisionally completed and declared fit for commercial operation as of April 4, 2024.

CRISIL Ratings Revises Dilip Buildcon's Outlook to Positive - 22 Apr, 2024

CRISIL Ratings has revised the outlook on Dilip Buildcon's long-term bank facilities and non-convertible debentures to positive from negative, reaffirming the rating at CRISIL A. The revision reflects a strong improvement in the financial risk profile driven by deleveraging of around Rs 800 crore in fiscal 2024 supported by various cash inflows. Debt protection metrics have improved, and revenue is expected to grow by 4-5% in fiscal 2025.

Dilip Buildcon's Low P/S Ratio Due to Lacklustre Performance - 19 Apr, 2024

Dilip Buildcon Limited's low P/S ratio of 0.5x is due to its lacklustre performance and slow revenue growth compared to other companies in the construction industry in India. Analysts forecast a decline of 3.1% in revenue growth over the next year, which is contributing to the low P/S ratio. Shareholders are accepting the low P/S as they concede future revenue probably won't provide any pleasant surprises.

Dilip Buildcon Wins Bid for Haryana Rail Project; Executive Director Resigns - 09 Apr, 2024

Dilip Buildcon has been declared the lowest bidder for a Rs 1,092.46 crore project by Haryana Rail Infrastructure Development Corp. Meanwhile, the company's Executive Director and CFO, Dwigesh B Joshi, has resigned.

Dilip Buildcon Wins Railway Line Construction Order - 08 Apr, 2024

Dilip Buildcon has received an order worth Rs 1,092.46 crore from the Haryana Rail Infrastructure Development Corporation Ltd for the design and construction of a 21.14 km long railway line between Prithla and Dhulawat in Haryana. The project is expected to be completed within 36 months.

InCred Expects 7% Sequential Rise in Dilip Buildcon's EPC Sales - 03 Apr, 2024

InCred has a REDUCE rating on Dilip Buildcon, expecting an 8% YoY decline but a 7% sequential rise in EPC sales for the March quarter. The valuation of its EPC business is at 6 times FY26F EV/EBITDA.

Dilip Buildcon to Sell 26% Stake in Subsidiaries - 01 Apr, 2024

Dilip Buildcon has entered into an agreement to sell a 26% stake in its wholly-owned subsidiaries, Dodaballapur Hoskote Highways Ltd, Dhrol Bhadra Highways Ltd, and Repallewada Highways Ltd, to Alpha Alternatives Holdings Private Ltd.

Dilip Buildcon Ltd Stock Surges Over 10% - 28 Mar, 2024

Shares of Dilip Buildcon Ltd rose sharply by 10.31% to hit a day high value of Rs 469, slipping only 7.03% from its one-year high of Rs 504.45. The company's Q3 FY24 PAT increased by 19.87% to Rs 95.3 crore and revenue from operations rose 8.08% to Rs 2,571.1 crore. Technical analysts remain positive on the counter for the near term.