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Economic Times
04-08-2025
- Business
- Economic Times
Dilip Buildcon shares gain 4% after JV wins Rs 1,500 crore Gurugram Metro Rail contract
Dilip Buildcon shares surged 4.4% to their day's high of Rs 478 on the BSE on Monday, August 4, after the company announced that its joint venture with RBL Bank has emerged as the lowest (L1) bidder for a Rs 1,503.6 crore railway construction project awarded by Gurugram Metro Rail. ADVERTISEMENT The contract involves building a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 and Dwarka Expressway (1.85 km), including a ramp to the depot at Sector 33. The JV will also construct an underpass at Bhaktawar Chowk, excluding PEB and architectural finishing works for the Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 km). Additionally, the project includes constructing a spur from Basai village to Dwarka Expressway (1.85 km) with permeable structures and a total of 27 stations. The entire project is to be completed within 30 months. Also Read: These 10 stocks delivered consistent dividend yields over the last 3 years On July 29, Dilip Buildcon reported a 94% year-on-year jump in consolidated net profit to Rs 271 crore for Q1FY26, aided by improved margins and an exceptional gain of Rs 170 crore. EBITDA rose 9% to Rs 520 crore, with margins expanding to 20% from 15% a year revenue declined 16% YoY to Rs 2,620 crore, reflecting a slowdown in EPC (engineering, procurement, and construction) order inflows. ADVERTISEMENT As of June 30, 2025, the company's order book stood at Rs 13,695 crore. Mining contributed the largest share at 28.9%, followed by roads and highways at 17.8%. Other segments include irrigation, tunnels, water supply, optical fibre, urban development, bridges, and metro Director and CEO Devendra Jain acknowledged the EPC headwinds but highlighted that coal mining and HAM (Hybrid Annuity Model) road projects have provided support. 'We remain optimistic about securing a healthy quantum of orders in the coming quarters. With that, all three of our growth engines will accelerate,' he said. ADVERTISEMENT Separately, the board has approved raising up to Rs 1,000 crore each through the issuance of non-convertible debentures (NCDs) and commercial papers via private placement. Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 ADVERTISEMENT According to Trendlyne, the average target price for Dilip Buildcon stands at Rs 453, implying a potential downside of about 1% from current levels. Among six analysts covering the stock, the consensus recommendation is 'Sell'.The stock has declined 11% in the past month and 10% over the last 12 months. However, it has delivered a 43% return over the last two years. Dilip Buildcon's current market capitalisation is around Rs 6,696 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
04-08-2025
- Business
- Time of India
Dilip Buildcon shares in focus after JV wins Rs 1,500 crore Gurugram Metro Rail contract
Dilip Buildcon shares will be in focus on Monday, August 4, after the company announced that its joint venture (JV) with RBL Bank has emerged as the lowest (L1) bidder for a Rs 1,504 crore railway construction project awarded by Gurugram Metro Rail. The contract involves building a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 and Dwarka Expressway (1.85 km), including a ramp to the depot at Sector 33. The JV will also construct an underpass at Bhaktawar Chowk, excluding PEB and architectural finishing works for the Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 km). Additionally, the project includes constructing a spur from Basai village to Dwarka Expressway (1.85 km) with permeable structures and a total of 27 stations. The entire project is to be completed within 30 months. Also Read: These 10 stocks delivered consistent dividend yields over the last 3 years Q1 earnings snapshot On July 29, Dilip Buildcon reported a 94% year-on-year jump in consolidated net profit to Rs 271 crore for Q1FY26, aided by improved margins and an exceptional gain of Rs 170 crore. EBITDA rose 9% to Rs 520 crore, with margins expanding to 20% from 15% a year ago. However, revenue declined 16% YoY to Rs 2,620 crore, reflecting a slowdown in EPC (engineering, procurement, and construction) order inflows. As of June 30, 2025, the company's order book stood at Rs 13,695 crore. Mining contributed the largest share at 28.9%, followed by roads and highways at 17.8%. Other segments include irrigation, tunnels, water supply, optical fibre, urban development, bridges, and metro projects. Managing Director and CEO Devendra Jain acknowledged the EPC headwinds but highlighted that coal mining and HAM (Hybrid Annuity Model) road projects have provided support. 'We remain optimistic about securing a healthy quantum of orders in the coming quarters. With that, all three of our growth engines will accelerate,' he said. Separately, the board has approved raising up to Rs 1,000 crore each through the issuance of non-convertible debentures (NCDs) and commercial papers via private placement. Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 Dilip Buildcon stock performance & target price According to Trendlyne, the average target price for Dilip Buildcon stands at Rs 453, implying a potential downside of about 1% from current levels. Among six analysts covering the stock, the consensus recommendation is 'Sell'. The stock has declined 11% in the past month and 10% over the last 12 months. However, it has delivered a 43% return over the last two years. Dilip Buildcon's current market capitalisation is around Rs 6,696 crore. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
