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Earnings Call

Dilip Buildcon Earnings Call: Key Takeaways

Dilip Buildcon is transitioning from a pure EPC contractor to a multi-asset infrastructure player focusing on MDO, InvIT, and renewable energy segments for sustainable cash flows.

Highlights
Revenue growthMDO segment revenue grew 5.2% YoY in FY26.
MarginsMDO EBITDA margin at 23% in FY26 vs 26% in FY25.
Order bookRs 28,830 Cr as of FY26; Rs 18,548 Cr new wins in FY26.
Demand visibilityRs 28,830 Cr diversified order book across 11 verticals.
Management confidenceHigh focus on margin-led selective bidding and capital recycling.

Growth

FY26 Order Book reached Rs 28,830 Cr. MDO revenue grew to Rs 1,692 Cr in FY26 from Rs 1,608 Cr in FY25.

Outlook

Targeting net debt positive on standalone levels; 30 MMT coal production; scaling renewables and transmission into InvIT platforms.

Risks

Transition risk from EPC to asset ownership; macro headwinds affecting project timelines; execution complexity in long-term MDO contracts.

Source

Earnings Call filed with BSE, NSE: DBL. Summary written with AI assistance from the document.

Read the document ↗

Dilip Buildcon Ltd: key numbers

Share price
₹412.45
Market cap
₹6,700 Cr
Revenue (annual)
₹8,984 Cr
Net profit (annual)
₹1,302 Cr
P/E (TTM)
5.7×Sector 33.0×
Promoter holding
63.14%+0.00% QoQ
FII holding
1.99%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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15:40 IST BSE
Annual General Meeting

Dilip Buildcon Annual General Meeting

Dilip Buildcon's 20th AGM approved a per-share dividend and NCD/CP limits of up to ₹1,000 Cr each. Related party transaction limits were enhanced across subsidiaries.

14:50 IST BSE
Merger & Restructuring

Dilip Buildcon Merger & Restructuring Worth ₹6,829 Cr

DBL sells its 1,363 MW solar portfolio stake to Alpha Alternatives at an enterprise value of ₹6,829 Cr. The deal advances its asset-light, asset-recycling strategy.

Value
₹6,829 Cr
solar capacity
1363.0 MW
10:49 IST BSE
New Order Win

Dilip Buildcon Bags ₹1,265 Cr Order from REC Power Development and Consultancy Limited, on behalf of...

Dilip Buildcon selected as L-1 bidder for 400 KV Solapur/Paranda transmission station by RECPDCL on BOOT basis. EPC value is ₹1,265 Crore over 24-month construction period.

Value
₹1,265 Cr
From
REC Power Development and Consultancy Limited (RECPDCL), on behalf of Maharashtra State Transmission Utility
Execution
24 months construction + 35 years operation from COD (BOOT)
transmission switching station voltage class
400 KV
10:34 IST BSE
Merger & Restructuring

Dilip Buildcon Merger & Restructuring Worth ₹2,914 Cr

DBL sold its 51% stake in Mekhali Power Transmission SPV to Alpha Alternatives at ₹2,914 Cr enterprise value. The divestment advances its asset-light DBL 2.0 strategy.

Value
₹2,914 Cr
transmission line length
470.0 ckm
18:40 IST BSE
New Order Win

Dilip Buildcon Bags ₹1,800 Cr Order from Petroleum and Natural Gas Regulatory Board

Dilip Buildcon Ltd received an LOI from PNGRB for an LPG pipeline project from Paradip to Raipur, valued at approximately ₹1,800 Crore, to be executed over 36 months.

Value
₹1,800 Cr
From
Petroleum and Natural Gas Regulatory Board (PNGRB)
Execution
36 months