Company Overview
BackgroundThe company is present in 17 states, covering 85% of India’s geographical spread and effectively covering almost the entire opportunity space in Infrastructure and EPC space.
Year of Incorporation2006
HeadquartersMadhya Pradesh
Order Book*
(as on March 2022)
Rs 255.94 billion (HAM- 41%. EPC 59%)
Project Portfolio*26 ongoing hybrid road projects (including 8 projects that have achieved PCOD)
Business Highlights11 road projects completed in FY22 worth Rs 74.42 billion (6 HAM & 5 EPC road projects across 8 states)
The company has 13 HAM Assets which are either committed or at an advance stage of monetisation.
Financial Highlights**Consolidated revenue – Rs 26.6 billion (Q4FY22); Rs 96.04 billion (FY 2021-22)
Net Profit – Rs -0.41 billion (Q4FY22); Rs -5.9 billion (FY 2021-22)
EBITDA – Rs 2.19 billion (Q4FY22); Rs 7.07 billion (FY 2021-22)

*For details, download presentation; **For past year trends, download presentation

Recent Developments

  • In June 2022, Dilip Buildcon Limited (DBL) received completion certificate (CC) for two packages of Davanagere-Haveri Six Laning Road Project (NH-48).
  • As of May 2022, the joint venture of DBL and MostobudivelnylZahin Limited (MBZ) received the provisional completion certificate (PCC) for Package III of the New Zuari Eight Lane Bridge Project. During the same month, DBL also emerged as the lowest bidder for the Urga-Pathalgaon Four Laning Road Project and received the PCC for the Sangli-Borgaon Four Laning Road Project.
  • In April 2022, DBL emerged as the lowest bidder for the Mehgama-Hansdiha Four Laning Road Project (NH-133) and received the PCC for the Bellary-Byrapura Four Laning Road Project (NH-150) and a completion certificate for the Gorhar-Khairtunda Six Laning Road Project (NH-2).
  • DBL is looking at Rs 27.7 billion from a divestment consideration (Cube deal- Rs 4.2 billion from 3 HAM Projects at a 1.42x Valuation; Flipping to ShremInvIT- Rs 23.4 billion from 10 HAM projects at a 1.56x valuation. For the latter deal, out of Rs 6.1 billion in cash, Rs 4.5 billion has been received in March 2022, and Rs 17.3 billion is expected through InvIT.