The company is entitled to maximum bonus of Rs 14,62,50,000 in lieu of earlier completion (210 days before the schedule completion date) of the said project. The project of rehabilitation & upgradation of stretch of SH 317-Kalamb-Ralegaon-Wadki to two lane paved shoulders in the state of Maharashtra on EPC mode (Package -21) has been completed.
Dilip Buildcon shares rallied nearly 9 per cent intraday on Wednesday after company announced getting order for a new overburden removal contract mining project valued at Rs 1,000 crore from Coal IndiaNSE 0.90 %. The company, according to analysts is expected to grow at a CAGR of 28 per cent in the next two years with a strong order book.
The company altered its main object clause of the MoA (Memorandum of Association) of the company to carry on the business of purchase and sale of petroleum and petroleum products. Shares of Dilip Buildcon rose 9 percent intraday Wednesday as company altered its main object clause of MoA to start new business activity.
ETNOW live : After a 33% hit in the last 2 months & 12.5% hit on the stocks in last 3 days. Dilip Buildcon clarifies on the MOA with IOC and upcoming MP elections. Listen in! @AyeshaFaridi1 @TanvirGill2 @dilipbuildcon.
DBL has received letter of acceptance (LoA) for Bhopal and Indore Metro Rail project, phase-I, valued at Rs 247.06 crore and Rs 228.96 crore, respectively, by the Madhya Pradesh Metro Rail Co. Ltd, Urban Administration and Development Department, Bhopal (MP)," the company said in a BSE filing.
Dolat Capital is bullish on Dilip Buildcon has recommended buy rating on the stock with a target price of Rs 1372 in its research report dated September 24, 2018. Outlook
We expect DBL to witness traction in revenue, best EBITDA margin among peers, superior net profit margin, comfortable working capital, robust order inflow and order book, d eclining leverage, and improving healthy return ratios (RoE/ RoCE of 2...
"The project is valued at Rs 32,156.04 crore," the company said. The mine has reserves of 383 MT with a life of 55 years. Infrastructure firm Dilip Buildcon said its consortium has executed a pact for development of a Rs 32,156 crore coal mine project of Punjab State Power Corporation
The project is for construction of design and construction of elevated viaduct between AIIMS and Subhash Nagar (excluding stations) including entry and exit to depot for Bhopal Metro Rail project, phase-l.
Credit Suisse has maintained Outperform rating on Dilip Buildcon as it expects revenue/EBITDA CAGR of 20 percent over FY18-20. Dilip Buildcon continued to trade higher on Friday as brokerage houses remained bullish on the stock and expect it to return upto 61 percent over a period of one year after June quarter earnings.
HDFC SECURITIES :We maintain BUY with a TP of Rs 1,434/sh (10x FY20E EV/EBITDA and BOT at 1x equity invested). DBL delivered strong execution with 1QFY19 revenue beat of 3.7%. Revenue for 1QFY19 came in at Rs 24.4bn. Margins continued to be higher than industry at 17.8%. APAT at Rs 2.5bn was 30.9% above our estimates on account of deferred tax reversal impact of Rs 173mn.
DBL delivered strong execution with 1QFY19 revenue beat of 3.7%. Revenue for 1QFY19 came in at Rs 24.4bn. Margins continued to be higher than industry at 17.8%. APAT at Rs 2.5bn was 30.9% above our estimates on account of deferred tax reversal impact of Rs 173mn. Adjusted for deferred tax APAT was 22.0% above estimates. There was no early completion bonus in 1QFY19. During 1QFY19, DBL added Rs 27.4bn of order...
In early June, the market watchdog in a bid to lower market risk for investors as well as to put a check on extreme volatility has decided to implement additional surveillance in respect of the some of the listed stocks based