The shares of this leading infrastructure company gained nearly 1 percent to ₹416.20 per share after it received a work order of ₹412 crore from the Water Resource Department of Madhya Pradesh.
Dilip Buildcon Limited is a small-cap company with a market capitalization of ₹5,906 crore. On Tuesday, at 11:15 a.m., the company shares were trading at ₹401.80 a share, down 2.42 percent from the previous close price.
Dilip Buildcon Limited, through its joint venture Vijay Kumar Mishra Construction Pvt. Ltd., has received a letter of acceptance (LOA) from the Water Resource Department in the state of Madhya Pradesh, for the “Construction of Machhrewa Irrigation Project Dam and Pressurised Pipe Irrigation Network on a Turnkey Basis” order worth ₹.412.92 crore. The completion period of the project is 60 months.
Dilip Buildcon Limited is engaged in the engineering, procurement, and construction of infrastructure development projects.
The company’s revenue has increased by 24 percent annually, rising from ₹2,322 crore in Q3FY23 to ₹2,877 crore in Q3FY24. Further, net profit has increased by 2.7 percent within the same period, from ₹110 crore to ₹ 113 crore.
Dilip Buildcon Ltd. shares have gained 32 percent in the last six months and 120 percent in a year.
The company’s order distribution reflects 42% from irrigation projects, 48% from water supply projects, and 10% from urban development projects. As of the December 2024 quarter, the company’s order book stood at ₹2,18,429 million.
Within this, 18% comprises irrigation project orders, 15% water supply projects, 33% road projects, and 19% mining projects. Geographically, major orders are received from Madhya Pradesh (29.20%), Jharkhand (14.54%), and Gujarat (14.72%).
Based on the breakdown by clients, NHAI holds the majority with 51% of the orders, followed by Coal India at 20%, RVNL at 6%, and different Indian states at 20%. MORTH and AAI each account for 1% of the orders, while PSPCL holds 2%.
Written by Omkar Chitnis
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