Dilip Buildcon Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DBL, BSE:540047 Dilip Buildcon Ltd.

Dilip Buildcon Ltd.

24 Jan 2017

485.50

2.40%

Dilip Buildcon (Initiating Coverage): Execution maestro. BUY

Buy: Dilip Buildcon Ltd.

HDFC Securities

Dilip Buildcon Ltds (DBL) strong focus on timely execution of EPC road projects (its principal area of operation) has resulted in early completion bonuses constituting as much as 26.5% of FY11-16 cumulative net profit.

Dilip Buildcon Ltd.'s price crossed above 30Day SMA today

Dilip Buildcon Ltd.

24 Jan 2017

485.50

2.40%

Pick of the Week:23 JAN 2017

Buy: Dilip Buildcon Ltd.

Axis Direct

Dilip Buildcon Ltd.'s price crossed above 100Day SMA today

Dilip Buildcon Ltd.

23 Jan 2017

485.50

2.40%

Pick of the Week:23 JAN 2017

Buy: Dilip Buildcon Ltd.

Target

Axis Direct

Dilip Buildcon Ltd: Road sector turnaround and excellent execution track record of Dilip Buildcon, Large equipment bank and minimal sub-contracting ensures superior margin; J Kumar Infraprojects Ltd: Strong Order Book provides healthy revenue visibility, Equipment ownership & limited Sub-contracting..

Dilip Buildcon Ltd. has an average target of 431.00 from 2 brokers.

Dilip Buildcon Ltd.

06 Dec 2016

485.50

2.40%

Result Update:Dilip Buildcon

Buy: Dilip Buildcon Ltd.

Axis Direct

Dilip Buildcon's (DBL) Q2FY17 sales grew 4% YoY to Rs 9.2 bn but EBITDA was down 15% at Rs 1.6 bn and margin declined by ~360 bps YoY to 17%. PBT at Rs 92 mn was down 81% YoY.

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

Dilip Buildcon Ltd.

01 Aug 2016

485.50

2.40%

ICICI direct gives Dilip Buildcon Ltd - IPO an avoid call.

Dilip Buildcon Ltd.

ICICI Securities Limited

Incorporated in 1987, Dilip Buildcon (DBL) is one of the leading private sector road-focused EPC contractors in India. In the past five years, it has completed construction of 47 road projects in Madhya Pradesh, Gujarat, Rajasthan, etc, with aggregate length of ~5,612 lane km. Further, it has reported revenue/ PAT CAGR of 38.2%/ 16.1%, respectively, in FY12-16. Its current orderbook stands at | 10779 crore. The company is looking to raise | 654 crore (at the higher end of the price band: | 219) including a fresh issue of ~1.96 crore shares worth ~| 430 crore and offer for sale of...

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

Dilip Buildcon Ltd.

30 Jul 2016, 10:43AM

485.50

2.40%

IPO Note - Dilip Buildcon Limited

Dilip Buildcon Ltd.

HDFC Securities

Issue Open: August 01 - August 03 2016, Price Band: Rs. 214 - 219.

Dilip Buildcon ltd (DBL) is one of the leading private sector road-focused EPC contractors in India.
CAGR of 38.18% of revenue growth on a consolidated basis for the five Financial Years ended March 31, 2016.
As of March 31, 2016, DBL had an order book of Rs 107,787.31 million, consisting of 50 third party road EPC projects, six of its own road BOT projects, three irrigation projects, one mining project, one cable-stayed bridge project and three urban development projects.

Objects of Issue:

The Issue comprises a Fresh Issue by DBL and an Offer for Sale by the Selling Shareholders. DBL will not receive any proceeds from the Offer for Sale. The objects of the Net Proceeds of the Fresh Issue are:

Prepayment or scheduled repayment of a portion of term loans availed by DBL.
To meet working capital requirements, and 
General corporate purposes.

Competitive Strengths:

One of the Leading Road-focused EPC Contractor
Geographical clustering of projects:
Focus on equipment ownership
Backward integration or in-house production
Excellent execution track record through strong operating systems and controls
Strong financial performance and credit profile
Visible growth through a robust order book and excellent pre-qualification credentials
Experienced management and promoters

Key Concerns:

There are outstanding legal proceedings against the Company
Projects included in order book and future projects may be delayed, modified or cancelled for reasons beyond control
If DBL is not successful in managing growth, its business may be disrupted and profitability may be reduced
Lower than expected returns on investment in BOT projects may adversely affect the financial results
In the past, DBL has incurred additional costs in order to complete some of the projects
DBL’s projects are exposed to various implementation and other risks and uncertainties
DBL has substantial existing debt and may incur substantial additional debt, which could adversely affect financial health and its ability to obtain financing in the future
Business is capital intensive
Owns a large fleet of equipment and have a large number of employees, resulting in increased fixed costs to the Company
Delays in the acquisition of private land or rights of way, eviction of encroachments from government owned land by the Government or resolution of associated land issues may adversely affect the timely performance of the contracts and lead to disputes and losses

Dilip Buildcon Ltd. has an average target of 431.00 from 2 brokers.

Dilip Buildcon Ltd.

29 Jul 2016, 12:00AM

485.50

2.40%

BP Equities IPO Note Dilip Buildcon Ltd SUBSCRIBE

Dilip Buildcon Ltd.

BP Wealth

Dilip Buildcon Ltd is Bhopal, MP based Engineering, Procurement and Construction (EPC) contractor focused on road projects in India. It specialize in constructing state and national highways, city roads, culverts and bridges. The company's core business is undertaking construction projects across India in the roads and irrigation sectors and now has expanded into the irrigation and urban development businesses. The company is an owner of the one of the largest fleets of construction equipment in India with over 6,600 vehicles. In last 5 years Dilip Buildcon completed the construction of 51 road projects in the states of Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan...

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

Dilip Buildcon Ltd.

29 Jul 2016, 12:00AM

485.50

2.40%

SMC give Dilip Buildcon 2 out of 5 rating

Dilip Buildcon Ltd.

SMC online

One of the Leading Road-focused EPC Contractor: The Company is one of the leading road-focused EPC contractors in India. Given its focus on providing EPC services for both private and government clients, 89.57%, 73.97%, 67.69%, 71.39% and 83.45% of its revenue for the five Financial Years ended March 31, 2016, respectively, came from executing EPC projects for third parties. The operations of the company have expanded rapidly to include working with central Government agencies such as NHAI and the Ministry of Road Transport and Highways in Madhya Pradesh, Andhra Pradesh, Rajasthan, Karnataka, Uttar Pradesh, Tamil Nadu and Telangana, as well as private firms....

Dilip Buildcon Ltd. is trading at high day volume of 730.9K.

Dilip Buildcon Ltd.

29 Jul 2016, 12:00AM

485.50

2.40%

Subscribe Dilip Buildcon Limited IPO - Angel Broking

Dilip Buildcon Ltd.

Angel Broking

Investment rationale Order book/LTM sales at 2.6x gives strong revenue visibility. 

DBL has grown its order book from `2,601cr in FY12 to `10,779cr in FY2016, mainly led by order wins from the Road segment. Till FY2012, DBL was predominantly MP-based road EPC player. In last 4 years, DBL diversified and is now present across 12 states. In last 3 years, NHAI and MoRTH order wins helped DBL grow its order book. Dilip Buildcon at FY2016-end is sitting on order book of `10,779cr, which is 2.6x its FY2016 revenues (LTM). Given that road projects awarded by NHAI and MoRTH have 2-2.5 year’s execution, OB of DBL gives strong near-to-medium term revenue growth visibility.

Risks & Concerns 1. DBL has entered 12 states and is executing 64+ projects in different states. Madhya Pradesh currently accounts for 40% of its Order Book. With major chunk of orders being executed outside the state, there exists scope for decline in the margins on account of project execution delays. 2. DBL has guided for equity commitment of `650cr over the next 3 years for construction of 6 BOT projects. We expect this requirement to be met by internal accruals. Any inability to improve its free cash flow generation potential could lead to increased dependency on the debt funding, which in-turn could lead to Balance Sheet pressure. 3. There are few legal proceedings outstanding against DBL’s promoters, some of the directors. Any negative outcome of these legal proceedings could affect the growth prospects of the company.

Considering the standalone entity’s attractive valuation and adding-up value of 12 operational BOT projects (valued at BV of 1.0x, adds up to `27/share), the issue leaves space for an upside in the stock price, once listed. On looking at possible catalysts, like (1) standalone entity’s growth potential (higher awarding from the NHAI and MoRTH), and (2) the company’s strong margin and return profile, the issue has the potential to generate good returns in the near-to-medium term. Accordingly, we recommend SUBSCRIBE to the IPO.

 

Dilip Buildcon Ltd.'s price crossed above 100Day SMA today

Dilip Buildcon Ltd.

27 Jul 2016

485.50

2.40%

Dilip Buildcon Ltd.

Not Rated: Dilip Buildcon Ltd.

Ashika Research

Dilip Buildcon Ltd (DBL) is one of the leading private sector road-focused EPC contractors in India. During the last five Financial Years ended March 31, 2016 it has completed the construction of 47 road projects in the states of Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra in India, with an aggregate length of approximately 5,611.94 lane kms, achieving a CAGR of 38.18% of revenue growth on a consolidated basis for last 5 years. In addition to the states where DBL has completed projects, has expanded its presence to ten more states, Tamil Nadu, Punjab, Chhatisgarh, Jharkhand, Haryana, Telangana, Andhra Pradesh, Karnataka, Goa and Uttar Pradesh with ongoing projects. As the owner of the one of the largest fleets of construction equipment in India, the company has maintained,...

Dilip Buildcon Ltd.'s price crossed above 100Day SMA today

Is Dilip Buildcon Ltd. worth buying?

602 Votes:

Buy 85.38%

Sell 8.31%

Hold 6.31%

RESEARCH REPORTS

Sell SEE REPORTS >

pdf

Sell SEE REPORTS >

pdf

33.69% Gain from 52W Low

High volume today

Dilip Buildcon Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for DBL, BSE:540047 Dilip Buildcon Ltd.