The shares of this Infrastructure and Development company gained 3 percent after PWD Minister Nilesh Cabral claimed the company would receive a contract order for the construction of the twin towers atop the bridge.
Dilip Buildcon Limited is a Small-cap company with a Market capitalization of Rs 4,562.64 crores. On Friday, the company shares were trading at Rs 317.05. a share, up 1.73 percent from the previous close price.
According to the report, Dilip Buildcon Limited is set to bag the contract for the construction of the twin towers atop the bridge.
Dilip Build Limited has emerged as the lowest bidder for the twin tower project, the work is constructed in public-private partnership (PPP) mode and the work is yet to be officially awarded to Dilip Buildcon by the Union Ministry of Road Transport and Highways.
Having a look into the financials of the company. The company’s revenue increased by 11.26 percent from Rs.9,566.43 crores in FY 2022-23 to Rs10,643.64 crores in FY 2022-23. Further, During the same period, Net Profit has decreased from Rs 549.68 crores to a loss of Rs 1.39 crores.
Dilip Buildcon Limited stock gave a 78.11 percent return in six months and a 45.59 percent return in a year.
As per the recent shareholding pattern, The Promoters of the Company own 70.15 percent while Retail shareholders own an 18.1 percent stake in the company and Foreign Institutional Investors own a 2.69 percent stake.
Dilip Buildcon Limited is engaged in the engineering, procurement, and construction of infrastructure development projects.
Written By:- Abhishek Singh.
