Dilip Buildcon bags two EPC projects worth Rs518cr, up 4.3%

CapitalHeight, CapitalHeight Review, CapitalHeight Complain,  CapitalHeight Complaint,best sebi registered investment advisor, best   intraday tips providers, stock trading tips for tomorrow, sure shot  jackpot calls, stocks to buy today,financial advisory company in india,   stock market tips for intraday free, shares to buy today in indian   market

DBL has received an order of Rs157cr, which involves six-laning of Davanagere-Haveri Section of NH-48 (Old NH-4) in Karnataka for a length of 6.85 km for package 18. Another project of Rs 361 cr is for the same highway (package 2). Both the contracts are expected to be completed in 24 months.

DBL is engaged in engineering, procurement & construction (EPC) of infrastructure facilities viz; roads, bridges, buildings, water bodies and mining. The company’s order book consists of road, highways & bridges (~82% of order book), mining (~15%) and rest from others. Moreover, it holds healthy order book of ~Rs14200cr (2.7x book-to-bill FY17 sales), which provides revenue visibility for next few years.

We are positive on the company, as we expect revenue CAGR of 17.7% over FY17-19E. Under BOT, it plans to monetize few assets to de-leverage balance sheet and meet equity requirements. Thereby, we expect PAT to grow at 19.4% CAGR over FY17-19E

Live Free Stock Market Tips

Give Missed Call at +91 830-630-830-8

For More Live Updates Click Here: CapitalHeight

Leave a Reply