Dashboard/DBL

DBL

UNDERVALUED

Dilip Buildcon Limited

Infrastructure · NSE

↑ 45.4% vs fair value

52W Low

₹376

+7.4% from low

52W High

₹585

-31.0% from high

News sentiment (1 articles)

0 bull0 neutral1 bear

Valuation Gauge

UNDERVALUED+45.4% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹404

Fair Value

₹739

Fair Value Analysis

₹739

Based on balance sheet strength analysis and earnings growth potential for Infrastructure sector companies | Sector-cheap: P/E at 35th percentile vs sector peers. | ROCE improving (latest 14.8%) — capital allocation becoming more efficient. | COVID-recovering: PAT dropped from ₹547Cr (FY2019) to ₹-550Cr (FY2022); partially recovered. Growth rate uses pre-COVID base.

Medium confidence

Balance Sheet Value

55% weight

₹501

Growth Valuation

46% weight

₹1,025

Price vs Market

DBL

Nifty 50

Shareholding Pattern

Stock Health Score

Mixed Signals

5.4 / 10

Profitability

6/10

ROE of 7.5% is below the Infrastructure sector benchmark of 15%

Debt & Leverage

10/10

D/E ratio of 1.7x is well within the Infrastructure sector norm of 2.0x — strong balance sheet

Valuation vs Peers

10/10

P/E of 13.7x trades at a 88% discount to Infrastructure sector median (112x) — attractively valued

Cash Flow

1/10

Negative FCF of ₹-4,134 Cr — company is consuming more cash than it generates

Earnings Growth

3/10

5yr EPS CAGR of -3.2% — earnings are declining (sector avg growth: 42.2%)

Dividend

4/10

Dividend yield of 0.2% is symbolic — low but positive

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

-20.6%

Free cash flow / market cap

Revenue Growth (YoY)

+24.3%

Year-on-year revenue change

Profit Growth (YoY)

+161.0%

Year-on-year PAT change

Operating Cash Flow

₹131 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹29.8

P/E Ratio

13.7x

P/B Ratio

1.1x

ROE

7.6%

ROCE

13.9%

Debt / Equity

1.71x

Beta

0.57

Div Yield

0.2%

FCF (Cr)

₹-4,134 Cr

Revenue (Cr)

₹10,431 Cr

EPS Growth 5Y

—

Mkt Cap (Cr)

₹6,601 Cr

52W High

₹585

52W Low

₹376

Book Value/Share

₹373.8

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹9.8K Cr	₹2.0K Cr	21.0%	₹1.6K Cr	₹88.04
2025-03-31	₹11.3K Cr	₹2.2K Cr	19.0%	₹840 Cr	₹43.83
2024-03-31	₹12.0K Cr	₹1.4K Cr	12.0%	₹201 Cr	₹13.27
2023-03-31	₹10.6K Cr	₹957 Cr	9.0%	₹-1 Cr	₹0.06
2022-03-31	₹9.6K Cr	₹776 Cr	8.0%	₹-550 Cr	₹-37.54
2021-03-31	₹10.2K Cr	₹2.1K Cr	21.0%	₹437 Cr	₹19.49
2020-03-31	₹9.7K Cr	₹2.1K Cr	21.0%	₹405 Cr	₹26.16
2019-03-31	₹9.4K Cr	₹1.8K Cr	19.0%	₹547 Cr	₹40.38
2018-03-31	₹7.9K Cr	₹1.5K Cr	19.0%	₹578 Cr	₹42.23
2017-03-31	₹5.2K Cr	₹1.2K Cr	22.0%	₹358 Cr	₹26.15
2016-03-31	₹4.2K Cr	₹981 Cr	23.0%	₹230 Cr	₹19.62
2015-03-31	₹2.8K Cr	₹687 Cr	25.0%	₹88 Cr	₹7.48
2014-03-31	₹2.4K Cr	₹524 Cr	22.0%	₹186 Cr	₹52.70

Compounded Growth Rates

Sales Growth

3Y-2.7%

5Y-0.8%

10Y+8.8%

Profit Growth

3Y—

5Y+28.8%

10Y+21.0%

EPS Growth

3Y+1036.3%

5Y+35.2%

10Y+16.2%

Peer Comparison

Infrastructure

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
KNRCON KNR Constructions	₹115	₹618.1	+81.4%	7.2	16.8%	UNDERVALUED
HGINFRA H.G. Infra Engineering	₹489	₹2,559.4	+80.9%	8	19.1%	FAIRLY_VALUED
PNCINFRA PNC Infratech	₹174.3	₹553	+68.5%	5.6	10.8%	FAIRLY_VALUED
ASHOKA Ashoka Buildcon	₹112.9	₹266.6	+57.6%	1.1	9.7%	UNDERVALUED
JKIL J.Kumar Infraprojects Limited	₹456.8	₹1,019.7	+55.2%	8.8	11.7%	UNDERVALUED
PATELENG Patel Engineering Limited	₹25	₹54	+53.8%	8.6	6.8%	UNDERVALUED
GRINFRA G R Infraprojects	₹829.5	₹1,579.5	+47.5%	7.4	12.3%	FAIRLY_VALUED
DBL Dilip Buildcon Limited	₹403.8	₹738.8	+45.4%	4.3	7.5%	UNDERVALUED