NSE:DBL Dilip Buildcon- Let's study what going on
Updated
Dilip Buildcon (DBL): A Deeper Dive Into the Infrastructure Giant 🏗️
Once regarded as a wealth destroyer with a stark 61.19% decline in the past 5 years, Dilip Buildcon Limited (DBL) is now making headway in the Indian infrastructure sector. But, before diving into the details, let's shed some light on the company's background. 📖
Founded in 1987 by Mr. Dilip Suryavanshi, DBL has grown to be one of India's major construction and infrastructure development companies, headquartered in Bhopal, Madhya Pradesh. Despite its past performance, recent trends suggest DBL offers good value based on its Price-To-Sales Ratio (0.3x) compared to the industry average (2.2x). 💰
Reputed brokerage AnandRathi has assigned a 'Buy' call on DBL, with a one-year target price of Rs 255. That's quite a vote of confidence! 👍
In the recent Q4 FY23, two key highlights were the de-levering and steady pace of execution for Dilip's projects. The company managed to reduce its net debt in Q4 by approximately Rs 220 crore, bringing the net debt down to Rs 2,380 crore. This has led to an annual de-levering of Rs 360 crore for FY23. 💸
The firm's operating profitability may have been underwhelming, but the progressively dwindling margin-drain from the older order book and the rising contributions from recent orders show potential. The company is aiming for measured growth, keeping in mind that aggressive revenue growth could lead to increased working capital needs. 📊
Upcoming Projects and Initiatives 🚧
DBL is not just limiting its efforts to construction and infrastructure. The company has a clear focus on cash flow generation and continues to work on monetizing its assets. The implementation of LD slag has seen a GST reduction from 18% to 5%, benefitting the road construction, civil-related works, and cement sectors. This could mean a positive impact for companies like Ashoka Buildcon, IRB Infrastructure, Elgi Equipment, L&T, Ncc, NBCC, PNC Infratech, and of course, Dilip Buildcon. 👷♀️👷♂️
Wrapping Up 🔚
While DBL has faced some major setbacks, it is working diligently to turn things around. But as with any investment, always conduct thorough research and due diligence. DBL is an interesting company to keep an eye on, given its improving performance and recent initiatives. 👀
Disclaimer: Not invested The above information is for study purposes only and does not constitute investment advice.
Once regarded as a wealth destroyer with a stark 61.19% decline in the past 5 years, Dilip Buildcon Limited (DBL) is now making headway in the Indian infrastructure sector. But, before diving into the details, let's shed some light on the company's background. 📖
Founded in 1987 by Mr. Dilip Suryavanshi, DBL has grown to be one of India's major construction and infrastructure development companies, headquartered in Bhopal, Madhya Pradesh. Despite its past performance, recent trends suggest DBL offers good value based on its Price-To-Sales Ratio (0.3x) compared to the industry average (2.2x). 💰
Reputed brokerage AnandRathi has assigned a 'Buy' call on DBL, with a one-year target price of Rs 255. That's quite a vote of confidence! 👍
In the recent Q4 FY23, two key highlights were the de-levering and steady pace of execution for Dilip's projects. The company managed to reduce its net debt in Q4 by approximately Rs 220 crore, bringing the net debt down to Rs 2,380 crore. This has led to an annual de-levering of Rs 360 crore for FY23. 💸
The firm's operating profitability may have been underwhelming, but the progressively dwindling margin-drain from the older order book and the rising contributions from recent orders show potential. The company is aiming for measured growth, keeping in mind that aggressive revenue growth could lead to increased working capital needs. 📊
Upcoming Projects and Initiatives 🚧
DBL is not just limiting its efforts to construction and infrastructure. The company has a clear focus on cash flow generation and continues to work on monetizing its assets. The implementation of LD slag has seen a GST reduction from 18% to 5%, benefitting the road construction, civil-related works, and cement sectors. This could mean a positive impact for companies like Ashoka Buildcon, IRB Infrastructure, Elgi Equipment, L&T, Ncc, NBCC, PNC Infratech, and of course, Dilip Buildcon. 👷♀️👷♂️
Wrapping Up 🔚
While DBL has faced some major setbacks, it is working diligently to turn things around. But as with any investment, always conduct thorough research and due diligence. DBL is an interesting company to keep an eye on, given its improving performance and recent initiatives. 👀
Disclaimer: Not invested The above information is for study purposes only and does not constitute investment advice.
Note
closed above the key levels with good volume...do you own research..
will looking to build up position , no position currently..
sector can back in flavour .....So many new launches , constructions and also interest rate cycle reverse on cards..
Note
After great monthly move - on side ways possible restest can't be rule out
keep a close watch on daily chart to add
cheers
do you own research for buy or sell
no recommendation
Note
from 264 to 409 🚀now at the cusp of long term resistance
keep a close watch
Join me on Twitter @bhatiashivendra to stay updated on my thoughts and insights on stocks, financial assets, and markets. I focus on research-based analysis and avoid hype. As an experienced investor in a diverse range of assets, I invite you to conduct
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.