Dilip Buildcon Ltd. (DBL) AI Stock Analysis

• Market Cap: ₹82.74B
• Dividend Yield: 0.19%
• Average Volume (3M): 67.80K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 1.46
• 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: 59,175
• 30 Day Avg. Volume: 67,800
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹517.00
• Price Target Upside: 1.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: ₹517.00 ▲(1.50% Upside)

Dilip Buildcon Ltd. receives a moderate score due to strong revenue growth and attractive valuation, offset by challenges in profitability and cash flow management. Technical indicators suggest mixed signals, with short-term bullish momentum but potential bearish pressure. The absence of earnings call data and corporate events limits additional insights.

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 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 but struggles with profitability and cash flow generation. High leverage poses risks, though efforts to strengthen equity are evident. Operational efficiency has improved, but enhancing profitability and managing cash flow are crucial for sustainable growth.

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: Positive
• Last Price: 509.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 509.35 is below the 20-day moving average (MA) of 512.40, above the 50-day MA of 491.60, and above the 200-day MA of 467.92, indicating a bullish trend. The MACD of 21.88 indicates Negative momentum. The RSI at 57.09 is Neutral, neither overbought nor oversold. The STOCH value of 60.01 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	75 Outperform	55.70B	5.92	22.06%	0.13%	-2.17%	17.20%
MANINFRA	70 Outperform	60.17B	21.49	16.03%	0.61%	-13.33%	-12.34%
JKIL	69 Neutral	47.30B	11.61	13.01%	0.64%	17.23%	18.23%
HGINFRA	66 Neutral	61.33B	14.25	17.14%	0.21%	-9.81%	-19.80%
DBL	61 Neutral	₹82.74B	10.65	―	0.19%	-11.92%	141.80%
PNCINFRA	57 Neutral	76.23B	11.48	13.62%	0.20%	-30.96%	-48.49%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Dilip Buildcon Ltd. Corporate Events

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.