DBL

Dilip Buildcon share price & financials

Price
₹408.4
Market cap
₹6.4k Cr
Sector
Construction
Calls analysed
7
Latest concall · Q1 FY27 · call held 11 Aug 2026

Dilip Buildcon Limited Q1 FY27

Standalone Revenue ₹1,930 cr Standalone EBITDA ₹199 cr Standalone EBITDA Margin 10.32% Standalone PAT ₹39 cr +56%

What went well

  • Standalone Revenue from operations for Q1 FY27 stood at ₹1,930 crores.
  • Standalone EBITDA margin expanded to 10.32% from 10.11% in Q1 FY26.
  • Standalone PAT (adjusted for exceptional gain) grew 56% YoY to ₹39 crores, reflecting underlying profitability improvement.

What to watch

  • Consolidated revenue from operations declined 9.23% YoY to ₹2,378 crores in Q1 FY27.
  • Consolidated PAT declined 52.8% YoY to ₹128 crores in Q1 FY27.
Read the full call →

What Dilip Buildcon Limited does

Dilip Buildcon is a pan-India infrastructure company built around three verticals: EPC construction of roads, irrigation, tunnels, metro, urban infrastructure, water supply, optical fibre, renewables and power transmission for clients such as NHAI, MoRTH and State PWDs; a Mine Developer and Operator (MDO) business running coal and bauxite mines under long-tenure PSU contracts; and an Investments vertical that transfers completed toll and HAM road assets into sponsored InvIT platforms to generate recurring annuity/distribution income. It earns through EPC contract execution, volume-linked mining production revenue, and long-term annuity/toll cash flows from HAM concessions and InvIT-held assets, following a strategy ("DBL 2.0") of shifting from a pure contractor model toward an integrated execution-plus-asset-ownership platform.

Segments

  • EPC
  • Coal Mining (MDO)
  • Investments
Employees
20,581+
Construction equipment fleet
10,275+ units
Geographic presence
20 states + 1 union territory (pan-India)
Track record
35+ years in infrastructure development
Business verticals
11 infrastructure sectors (roads, irrigation, mining, water supply, tunnels, metro & railways, optical fibre, urban development, renewable energy, power transmission, airports)
MDO mining assets
3 mines under long-term MDO contracts — Pachhwara Central Coal Mine (Jharkhand, for PSPCL), Siarmal Coal Mine (Odisha, for Mahanadi Coalfields), Pottangi Bauxite Mine (Odisha, for NALCO)
Founded 1987Headquarters Bhopal, Madhya Pradesh, India Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 5 delivered 1 missed 14 open
  • FY25 Standalone Revenue delivered said Q3 FY25 Promised: So now the revision this year, we should be doing a revenue of about INR9,000 crores. Q1 FY27: No update. Promise already concluded.
  • Standalone Net Debt by March 2025 missed said Q3 FY25 Promised: So INR1,500 crores around we will be having the net debt [by March '25]. Q1 FY27: No update. Promise already concluded.
  • Net Debt Free Status (Standalone) delayed said Q4 FY25 Promised: we will be a net debt 0 company in the next 2 years [by FY27] Q1 FY27: Reiterated goal of being net debt positive by FY28, despite short-term increase in net debt.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 9.2%, net profit down 52.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,497 2,590 3,096 2,620 1,926 −23%2,138 −17%2,300 −26%2,378 −9%
EBITDA535 477 661 521 471 −12%382 −20%392 −41%429 −18%
Net profit266 158 277 271 214 −20%789 +399%124 −55%128 −53%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −17.7% 1Y

₹400₹450₹500₹550Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 14 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹490.05 on 10 Sept 2025 → ₹403.35. High ₹575.45 (17 Sept 2025), low ₹386.15 (27 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−4.6%
11 Aug
Q4 FY26
−0.6%
14 May
Q3 FY26
−0.1%
10 Feb
Q2 FY26
−1.9%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 5.5% a year over 3 years, FY23 to FY26. Operating margin widened to 19.7%.

Year endingFY23FY24FY25FY26
Revenue₹10.6k Cr₹12.0k Cr₹11.3k Cr₹9.0k Cr
Operating profit₹956 Cr₹1.4k Cr₹2.2k Cr₹1.8k Cr
Operating margin9.0%11.8%19.0%19.7%
Interest₹901 Cr₹1.0k Cr₹1.2k Cr₹1.4k Cr
Depreciation₹398 Cr₹378 Cr₹347 Cr₹298 Cr
Net profit₹-2 Cr₹201 Cr₹841 Cr₹1.4k Cr
Net margin0.0%1.7%7.4%15.6%
Cash from operations₹2.8k Cr₹1.1k Cr₹131 Cr₹1.2k Cr
Free cash flow₹-1.1k Cr₹-4.5k Cr₹-4.1k Cr₹1.2k Cr
ROCE5.0%10.0%15.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹137 Cr₹146 Cr₹146 Cr₹146 Cr₹162 Cr₹162 Cr
Reserves₹3.3k Cr₹3.4k Cr₹3.9k Cr₹4.2k Cr₹5.6k Cr₹6.7k Cr
Borrowings₹10.5k Cr₹8.8k Cr₹6.7k Cr₹7.2k Cr₹10.4k Cr₹8.0k Cr
Other liabilities₹4.5k Cr₹4.0k Cr₹4.8k Cr₹5.0k Cr₹4.4k Cr₹4.0k Cr
Total liabilities₹18.4k Cr₹16.3k Cr₹15.4k Cr₹16.6k Cr₹20.6k Cr₹18.9k Cr
Fixed assets₹2.7k Cr₹1.8k Cr₹1.5k Cr₹1.5k Cr₹1.4k Cr₹1.4k Cr
Capital work in progress₹3.9k Cr₹3.4k Cr₹2.7k Cr₹2.8k Cr₹3.2k Cr₹3.4k Cr
Investments₹37 Cr₹0 Cr₹964 Cr₹857 Cr₹334 Cr₹1.6k Cr
Other assets₹11.7k Cr₹11.2k Cr₹10.3k Cr₹11.4k Cr₹15.7k Cr₹12.6k Cr
Total assets₹18.4k Cr₹16.3k Cr₹15.4k Cr₹16.6k Cr₹20.6k Cr₹18.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.59 pp while DIIs trimmed −0.81 pp. The shareholder count shrank 7% to 59,900.

Promoters
63.1%
FIIs
2.0%
DIIs
6.1%
Public
28.8%

Since Jun 2025

  • Public +1.59 pp
  • DIIs −0.81 pp
  • FIIs −0.77 pp

How it drifted, 12 quarters

Over this window the public went from 18.1% to 28.8% — +10.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 70.2%, FIIs 2.7%, DIIs 9.1%, Public 18.1%.Dec '23: Promoters 70.2%, FIIs 2.9%, DIIs 9.1%, Public 17.9%.Mar '24: Promoters 70.2%, FIIs 2.9%, DIIs 9.1%, Public 17.9%.Jun '24: Promoters 70.2%, FIIs 2.8%, DIIs 9.2%, Public 17.9%.Sep '24: Promoters 70.2%, FIIs 3.1%, DIIs 9.5%, Public 17.3%.Dec '24: Promoters 70.2%, FIIs 3.2%, DIIs 9.5%, Public 17.1%.Mar '25: Promoters 70.2%, FIIs 3.1%, DIIs 6.6%, Public 20.1%.Jun '25: Promoters 63.1%, FIIs 2.8%, DIIs 6.9%, Public 27.2%.Sep '25: Promoters 63.1%, FIIs 2.9%, DIIs 6.1%, Public 27.8%.Dec '25: Promoters 63.1%, FIIs 2.5%, DIIs 6.2%, Public 28.2%.Mar '26: Promoters 63.1%, FIIs 2.0%, DIIs 6.1%, Public 28.8%.Jun '26: Promoters 63.1%, FIIs 2.0%, DIIs 6.1%, Public 28.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Dilip Buildcon Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Dilip Suryavanshi 33.92%unchanged
Devendra Jain 21.89%unchanged
Seema Suryavanshi 7.33%unchanged
Helium Services Llp 6.99%unchanged
LICI Asm Non Par Insurer2.66%unchanged
Blue Daimond Properties Pvt Ltd 2.22%unchanged
HDFC Large And Mid Cap Fund Mutual fund1.98%unchanged
Quanterra Stratergies Llp 1.60%unchanged
Akash Bhanshali 1.29%+0.16 pp
Alpha Alternatives Financial Services Private Limited NBFC / DFI1.00%unchanged
Suryavanshi Minerals Private Limited 0.00%unchanged
Karan Suryavanshi 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in DBL

Filings to Jul 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹138 Cr
2 schemes
Biggest holder
HDFC Large and Mid Cap Fund
₹117 Cr · 0.4% of that fund
SchemeHoldingLast month
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹117 Crheld
HDFC Dividend Yield Fund HDFC Mutual Fund₹21 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+2%
vs est. average cost
Held by funds
₹138 Cr
2 schemes · ≈ 2.1% of the company
Biggest holder
HDFC Large and Mid Cap Fund
₹117 Cr · 0.4% of that fund
Longest holder
HDFC Dividend Yield Fund
3y 8m · since Dec '22

Shares held by these funds −61%

Aug '23 32.24 L shares Jul '26

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Dilip Buildcon Limited

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