Builds roads, highways, tunnels, irrigation canals and other civil infrastructure under EPC contracts for central and state government clients, and now operates a three-vertical model spanning EPC execution, coal mining under MDO contracts, and long-term road assets held through InvITs. In FY26, EPC Projects & Road Infrastructure Maintenance contributed 68.3% of segment revenue at Rs 6,133.75 crore, while Annuity Projects & Others contributed 31.7% at Rs 2,850.18 crore. Beyond these reported segments, mining contributed Rs 1,692 crore to FY26 consolidated revenue from the Siarmal coal mine. Materials form the dominant cost at 74.9% of revenue, with capex at 36.0% of revenue. Recent order wins include a Rs 2,524.32 crore reservoir link canal in Chhattisgarh, a Rs 780.12 crore HAM expressway package in Andhra Pradesh, and an Rs 268 crore barrage project in Gujarat. Dilip Buildcon is transferring completed road assets into the Anantam Highways InvIT, with units worth Rs 1,600 crore on the balance sheet and 11 more HAM assets slated for transfer by FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EPC Projects & Road Infrastructure Maintenance (68%), Annuity Projects & Others (32%). Asset-heavy infrastructure, transitioning from pure EPC toward long-term asset ownership through mining and InvIT cash flows
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9,566 | 10,644 | 12,012 | 11,317 | 8,984 |
| EBITDA (ex other income) | 715 | 1,335 | 1,739 | 2,440 | 2,646 |
| margin % | 7.5 | 12.5 | 14.5 | 21.6 | 29.5 |
| Owners' profit | (549) | (1) | 194 | 641 | 1,302 |
| EPS, as reported (₹) | (37.77) | (0.10) | 13.75 | 57.44 | 86.08 |
| ROE % · ROCE % | (15.5) · 3.5 | (0.0) · 11.8 | 4.6 · 15.3 | 16.0 · 17.1 | 20.1 · 22.2 |
| Debt / equity (x) | 2.47 | 1.67 | 1.66 | 1.81 | 1.16 |
| Cash from operations | 1,624 | 2,845 | 812 | (565) | 1,204 |
| Capex | (3,984) | (3,916) | (5,554) | (4,265) | (3,238) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,461 | 2,590 | 3,096 | 2,620 | 4,546 | 2,138 | 2,300 | 2,378 |
| Profit before tax | 309 | 208 | 350 | 331 | 595 | 713 | 153 | 157 |
| Net profit | 266 | 158 | 277 | 271 | 486 | 789 | 124 | 128 |
| EPS (₹) | 18.18 | 10.78 | 18.92 | 17.06 | 33.21 | 48.57 | 7.62 | 7.88 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| EPC Projects & Road Infrastructure Maintenance | 1,444 | 12.4 |
| Annuity Projects & Others | 1,651 | 14.2 |
| (a) EPC Projects & Road Infrastructure Maintenance | 4,689 | 40.4 |
| (b) Annuity Projects & Others | 1,995 | 17.2 |
| Engineering, Procurement and Construction (EPC) | 1,825 | 15.7 |
| Total, before eliminations | 11,604 | 100.0 |
| Company | M.cap ₹ cr |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · DBL signs deal to sell 51 percent stake in power transmission SPV to Alpha Alternatives | compliance | low | — | — |
| 9 Sept 2026 · Dilip Buildcon gets LOI for INR 1800 crore LPG pipeline project from PNGRB | business updates | high | — | — |
| 4 Sept 2026 · Dilip Buildcon dispatches Annual Report and 20th AGM Notice electronically | compliance | minimal | — | — |
| 29 Aug 2026 · Dilip Buildcon 20th AGM notice on Sep 22, 2026; dividend, NCD issue and RPT approvals | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Dilip Buildcon files BRSR for FY 2025-26 | compliance | low | — | — |
| 29 Aug 2026 · Dilip Buildcon files FY26 Annual Report and 20th AGM notice | results | high | — | — |
| 27 Aug 2026 · Dilip Buildcon to attend Elara Capital investor conference on September 3 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Newspaper notice to shareholders on transfer of unclaimed shares and dividend to IEPF | compliance | minimal | — | — |
| 25 Aug 2026 · Notice of 20th AGM published in newspapers, meeting on September 22, 2026 | compliance | minimal | — | — |
| 18 Aug 2026 · Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| P/E |
|---|
| P/B |
|---|
| EV/EBITDA |
|---|
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 | 30.4 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.1 | 14.9 | 9 of 107 | 93% |
| P/B | 0.9 | 1.4 | 26 of 86 | 69% |
| ROCE | 11.3 | 10.0 | 51 of 109 | 54% |
| ROE | 20.1 | 9.2 | 14 of 91 | 86% |
| Debt / Equity | 1.2 | 0.3 | 84 of 91 | 8% |
| EBITDA margin | 20.0 | 12.4 | 19 of 88 | 79% |
| Revenue growth | (9.3) | 6.2 | 67 of 86 | 22% |
| Profit growth | (52.9) | 2.7 | 64 of 84 | 24% |
| Market cap | 6549 | 485 | 18 of 108 | 84% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
