Dilip Buildcon Ltd. News and Updates

Name: Latest research reports of Dilip Buildcon Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: Dilip Buildcon Ltd.
Rating: 5
Author: BOB Capital Markets Ltd.

Keep track of all breaking news on Dilip Buildcon Ltd. from all sources in a single place.

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Dilip Buildcon Ltd.

09 Sep 2019

486.95

2.97%

Asset sale boost for Dilip Buildcon; stock gains more than 10%

Business Standard

The move is expected to strengthen its balance sheet and improve new project visibility

Dilip Buildcon Ltd.'s price crossed above 200Day SMA today

Dilip Buildcon Ltd.

09 Sep 2019

486.95

2.97%

First Light | Dilip Buildcon

Buy: Dilip Buildcon Ltd.

BOB Capital Markets Ltd.

Successful stake sale to Cube; another deal in the offing

Dilip Buildcon Ltd. has gained 11.69% in the last 1 Week

Dilip Buildcon Ltd.

07 Sep 2019

486.95

2.97%

Dilip Buildcon (BUY): Successful stake sale to Cube; another deal in the offing

Buy: Dilip Buildcon Ltd.

BOB Capital Markets Ltd.

Dilip Buildcon (DBL) has entered into a SPA with Cube Highways (Cube) for 100% stake sale in five under-construction NHAI HAM projects for a pre-tax equity consideration of ~Rs 7bn, against a total equity requirement of Rs 5.7bn.

Dilip Buildcon Ltd. is trading above all available SMAs

Dilip Buildcon Ltd.

09 Aug 2019

486.95

2.97%

Dilip Buildcon: Q1FY20 Result Review

Buy: Dilip Buildcon Ltd.

IDBI Capital

Dilip Buildcon Ltd (DBL) has reported lower than expected results for 1QFY20 with 6% YoY decline in revenues and 4.2% YoY decline in EBITDA. The revenue and EBITDA were ahead of consensus numbers by 9% and 10% respectively, however, PAT at Rs1.25bn was much lower than expectations on account of higher interest and depreciation costs and higher tax rate. The management has maintained its guidance of 10-15% revenue growth for FY20 and expects 2H to be much better as the company has received appointed dates for 10 out of the total 12 HAM projects. We believe the company is on target to achieve its FY20 revenue targets and believe that EBITDA margins can surprise positively on account of higher early completion bonus. We...

Dilip Buildcon Ltd. has an average target of 414.00 from 2 brokers.

Dilip Buildcon Ltd.

09 Aug 2019

486.95

2.97%

DILIP BUILDCON LIMITED

Buy: Dilip Buildcon Ltd.

Target

Geojit BNP Paribas

While higher depreciation (39%YoY) and interest cost (31% YoY) because of Ind AS 116 and a higher tax rate of 22% (vs3% in Q1FY19) slid earnings growth by 51% YoY. DBL received appointed date for ten HAM projects and expects to receive the remaining two projects in coming months. Total OB remains strong at Rs19,029cr (2.2x TTM revenue) and expects an order inflow target of Rs120-150bn in FY20 due to a strong pipeline of Rs600bn in road segments....

Dilip Buildcon Ltd. has an average target of 414.00 from 2 brokers.

Dilip Buildcon Ltd.

06 Aug 2019

486.95

2.97%

Dilip Buildcon (1QFY20): Asset monetization key trigger. Maintain BUY

Buy: Dilip Buildcon Ltd.

Target

HDFC Securities

DBL has established itself as strong executioner though it has come at cost of balance sheet distress. Benefits of early completion bonus have not kept pace with high interest outgo on inventory built up. DBL owned HAM projects are in advance stages of monetization with first bunch of 5 assets expected to be sold during 2QFY20. This is key for DBL re-rating. We maintain BUY with a cautious approach on debt built up. We maintain BUY on DBL, with a reduced TP of Rs 720/sh (vs. Rs 737/sh earlier). We retain our target EPC multiple at 12x FY21E EPS to factor in limited headroom on debt reduction. Large part of cash generation will go towards meeting pending equity requirement for under-construction HAM projects.

Dilip Buildcon Ltd. has an average target of 414.00 from 2 brokers.

Dilip Buildcon Ltd.

06 Aug 2019

486.95

2.97%

Dilip Buildcon (BUY): Delayed appointed dates continue to hurt revenue

Buy: Dilip Buildcon Ltd.

Target

BOB Capital Markets Ltd.

Dilip Buildcon (DBL) reported below-expected Q1FY20 revenue at Rs 23bn, down 6% YoY, due to execution constraints from delays in award of appointed dates for HAM projects.

Dilip Buildcon Ltd. has gained 11.69% in the last 1 Week

Dilip Buildcon Ltd.

01 Aug 2019

486.95

2.97%

Pre-Opening Bell: Project win for Dilip Buildcon, Indiabulls Housing disclosure

Dilip Buildcon announced that the company has DBL received a letter of acceptance (LOA) for a new EPC proiect in Karnataka, involving the construction of an extra-dosed Bridge across the Sharavathi Backwaters. The bridge would connect between Ambargodu and Kalasavalli of NH-359E. The Rs 360 crore project was awarded by the Central Ministry of Road and Highways.

Share price is up on opening trade.

Indiabulls Housing Finance has issued a press release announcing the sources of its equity funds, to combat, it said, "misinformation circulating on social media" It's sources of funds is published here.

Dilip Buildcon Ltd. is trading at high day volume of 365.9K.

Dilip Buildcon Ltd.

31 Jul 2019

486.95

2.97%

Company news: Dilip Buildcon

Business Line

Dilip Buildcon on Wednesday informed the exchanges that DBL Gorhar Khairatunda Highways Private Ltd, a wholly owned subsidiary, has received July 19 a