This small-cap stock gains over 4% after the company bagged an order worth Rs. 1275 Cr on Tuesday. This stock has delivered 63% returns in six months and 32% returns in one year. Currently, the company shares are trading above the 50-day and 200-day moving averages.
Dilip Buildcon Ltd
Dilip Buildcon Ltd the company belongs to a small-cap category, with a market capitalisation of Rs. 4,749 Cr. On Tuesday at 13.40 p.m. the company shares were trading 2.6% up at Rs. 323.30 on BSE and it is 7.5% below from the 52-week high.
According to the company filing, Dilip Buildcon Ltd & Patel Engineering Ltd (JV) has received an order for a new project “Engineering, Procurement, Construction, Testing, Commissioning, Trail Run & Operation and Maintenance for 10 Years of Narmada Gambhir Multi Village Drinking Water Supply Scheme District Ujiani in Single Package on Turn Key Job Basis.”
Total contract Value Rs. 1,275.30 Cr. Dilip Buildcon Ltd. share in the project Rs. 829 Cr Which is 65% of the total contract value.
As per the company filing, total revenue increased by 1.3% YoY from Rs. 2,960.22 Cr in Q1 FY23 to Rs. 2,944.29 Cr in Q1 FY24 and the company reported a net profit of Rs. 12.30 Cr in Q1 FY24 against loss of Rs. 55.10 Cr in Q1 FY23.
As per the latest shareholding information, Promoters hold 70.15%, DIIs hold 9.03%, FIIs hold 2.56% and the public hold 18.26% stake in the company.
Dilip Buildcon Ltd is the company that constructs roads. It acquires contracts from the government, third parties, and special-purpose vehicles to create infrastructure facilities on an engineering, procurement, and construction basis.
Written by Sheshadri N
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