DBL

Dilip Buildcon Limited

Road and rail EPC contractor, mine developer and operator

Industrials›Construction›Construction›Civil Construction

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Key metrics

Price as of 2026-10-16

Stock price
₹402.00
Market cap
6,530 Cr
Stock P/E
5.5
P/B
0.96
Dividend yield
0.2%
ROE (FY26)
18.7%
ROCE (FY26)
19.1%
Operating margin (FY26)
16.3%
Debt / equity (FY26)
1.18
OCF / EBITDA (FY26)
68.2%
OCF / EBITDA (3Y)
27.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

DBL (Dilip Buildcon) builds roads, highways, irrigation and water projects for government bodies such as NHAI, MoRTH and state public works departments, and also mines coal under long-term contracts and develops infrastructure assets.

Company snapshot

19thBy market cap

Ranked among 90 companies in Civil Construction.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 78.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Annuity Projects & Others
21.3%
553 Cr249 Cr5,408 Cr
EPC Projects & Road Infrastructure Maintenance
78.7%
2,037 Cr185 Cr17,256 Cr

What we see

Positives
  • ✓Net margin of 15.6% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Only 27% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,849 Cr2,877 Cr3,366 Cr3,134 Cr2,461 Cr2,590 Cr3,096 Cr2,620 Cr1,926 Cr2,138 Cr2,300 Cr2,378 Cr
Operating expenses (approx.)2,508 Cr2,520 Cr3,036 Cr2,656 Cr1,962 Cr2,113 Cr2,435 Cr2,100 Cr1,455 Cr1,756 Cr1,908 Cr1,949 Cr
EBITDA341 Cr357 Cr330 Cr478 Cr500 Cr477 Cr661 Cr521 Cr471 Cr382 Cr392 Cr429 Cr
OPM %12.0%12.4%9.8%15.3%20.3%18.4%21.3%19.9%24.4%17.9%17.1%18.0%
Other income46 Cr25 Cr50 Cr20 Cr59 Cr43 Cr50 Cr216 Cr69 Cr170 Cr61 Cr47 Cr
Interest261 Cr244 Cr252 Cr297 Cr322 Cr320 Cr309 Cr498 Cr320 Cr349 Cr236 Cr245 Cr
Depreciation96 Cr95 Cr90 Cr88 Cr86 Cr86 Cr87 Cr78 Cr77 Cr75 Cr68 Cr74 Cr
Profit before tax118 Cr173 Cr137 Cr113 Cr309 Cr208 Cr350 Cr331 Cr265 Cr713 Cr153 Cr157 Cr
Tax %38.1%34.7%98.1%-23.2%13.9%24.4%21.0%17.9%19.1%-10.7%19.1%18.6%
Net profit73 Cr113 Cr3 Cr140 Cr266 Cr158 Cr277 Cr271 Cr214 Cr789 Cr124 Cr128 Cr
EPS (₹)₹5.01₹7.72₹0.18₹9.56₹18.18₹10.78₹18.92₹17.06₹14.64₹48.57₹7.62₹7.88

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,319 Cr7,937 Cr9,416 Cr9,725 Cr10,168 Cr9,566 Cr10,644 Cr12,012 Cr11,317 Cr8,984 CrSign in free for the trailing twelve months
Operating expenses (approx.)4,159 Cr6,466 Cr7,651 Cr7,657 Cr8,040 Cr8,794 Cr9,687 Cr10,591 Cr9,166 Cr7,218 CrSign in free for the trailing twelve months
EBITDA1,160 Cr1,472 Cr1,765 Cr2,068 Cr2,128 Cr773 Cr957 Cr1,421 Cr2,151 Cr1,766 CrSign in free for the trailing twelve months
OPM %21.8%18.5%18.7%21.3%20.9%8.1%9.0%11.8%19.0%19.7%Sign in free for the trailing twelve months
Other income12 Cr17 Cr47 Cr38 Cr42 Cr38 Cr68 Cr144 Cr136 Cr516 CrSign in free for the trailing twelve months
Interest555 Cr590 Cr872 Cr1,136 Cr1,173 Cr1,057 Cr901 Cr1,012 Cr1,249 Cr1,403 CrSign in free for the trailing twelve months
Depreciation245 Cr292 Cr362 Cr470 Cr443 Cr400 Cr398 Cr379 Cr346 Cr298 CrSign in free for the trailing twelve months
Profit before tax372 Cr639 Cr580 Cr570 Cr605 Cr-704 Cr103 Cr492 Cr981 Cr1,461 CrSign in free for the trailing twelve months
Tax %3.9%9.6%5.7%28.8%27.8%21.9%101.3%59.1%14.4%4.3%Sign in free for the trailing twelve months
Net profit358 Cr578 Cr547 Cr405 Cr437 Cr-550 Cr-1 Cr201 Cr840 Cr1,398 CrSign in free for the trailing twelve months
EPS (₹)₹27.56₹42.23₹40.03₹29.64₹31.92₹-37.77₹-0.10₹13.75₹57.44₹86.08Sign in free for the trailing twelve months
Dividend payout %————3.1%——0.7%1.7%1.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital137 Cr137 Cr137 Cr137 Cr137 Cr146 Cr146 Cr146 Cr146 Cr162 Cr
Reserves1,582 Cr2,139 Cr2,669 Cr3,052 Cr3,263 Cr3,404 Cr3,852 Cr4,223 Cr4,918 Cr6,667 Cr
Borrowings3,780 Cr4,736 Cr6,950 Cr8,349 Cr9,583 Cr8,783 Cr6,658 Cr7,240 Cr9,525 Cr8,041 Cr
Other liabilities2,520 Cr4,175 Cr4,654 Cr5,081 Cr5,013 Cr4,008 Cr4,783 Cr5,032 Cr4,929 Cr3,905 Cr
Total liabilities8,019 Cr11,202 Cr14,439 Cr16,733 Cr18,368 Cr16,341 Cr15,439 Cr16,647 Cr19,709 Cr18,908 Cr
Fixed assets (net)1,679 Cr1,842 Cr2,061 Cr2,021 Cr2,016 Cr1,770 Cr1,516 Cr1,488 Cr1,391 Cr1,348 Cr
CWIP106 Cr848 Cr2,736 Cr2,840 Cr3,893 Cr3,385 Cr2,658 Cr2,832 Cr3,689 Cr3,362 Cr
Investments——68 Cr9 Cr37 Cr0.50 Cr964 Cr857 Cr832 Cr1,557 Cr
Loans & advances———196 Cr496 Cr84 Cr62 Cr67 Cr62 Cr54 Cr
Inventories1,664 Cr2,026 Cr2,504 Cr2,645 Cr3,049 Cr3,439 Cr3,368 Cr3,480 Cr3,486 Cr3,441 Cr
Trade receivables950 Cr1,374 Cr1,162 Cr1,158 Cr1,158 Cr957 Cr1,389 Cr1,279 Cr1,412 Cr1,654 Cr
Cash & bank163 Cr295 Cr521 Cr789 Cr809 Cr583 Cr198 Cr468 Cr463 Cr86 Cr
Other assets3,457 Cr4,816 Cr5,387 Cr7,075 Cr6,911 Cr6,123 Cr5,283 Cr6,175 Cr8,374 Cr7,407 Cr
Total assets8,019 Cr11,202 Cr14,439 Cr16,733 Cr18,368 Cr16,341 Cr15,439 Cr16,647 Cr19,709 Cr18,908 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity614 Cr1,299 Cr1,169 Cr44 Cr1,082 Cr1,624 Cr2,845 Cr812 Cr-565 Cr1,204 Cr
Cash from investing-1,007 Cr-1,518 Cr-2,512 Cr-278 Cr-1,322 Cr445 Cr26 Cr-111 Cr-731 Cr468 Cr
Cash from financing440 Cr350 Cr1,569 Cr502 Cr261 Cr-2,295 Cr-3,028 Cr-431 Cr1,022 Cr-2,503 Cr
Net cash flow47 Cr132 Cr227 Cr267 Cr20 Cr-226 Cr-157 Cr270 Cr-274 Cr-831 Cr
Free cash flow (OCF − Capex)-407 Cr-434 Cr-4,253 Cr-5,042 Cr-3,229 Cr-2,360 Cr-1,071 Cr-4,741 Cr-4,830 Cr-2,034 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.9%17.5%14.8%14.6%13.3%2.9%9.4%13.0%15.1%19.1%
ROE %20.8%25.2%19.5%10.8%7.1%-15.5%-0.0%4.4%12.2%18.7%
Debtor days65634543413648394567
Inventory days1149397136147151132127147186
Days payable61706785100100120105118139
Cash conversion cycle1188674958888606074114
OCF / EBITDA %52.9%88.3%66.3%2.1%50.8%210.2%297.4%57.2%-26.3%68.2%
OCF / EBITDA % (3 years)——70.1%47.4%38.5%55.3%143.9%167.6%68.3%27.2%
Debt / equity2.202.082.482.622.822.471.671.661.881.18
Current ratio1.011.161.211.181.211.431.221.321.481.56
Net debt / EBITDA3.123.023.643.664.1210.616.754.774.214.51