Dilip Buildcon Limited (DBL), headquartered in Bhopal, Madhya Pradesh, is a prominent name in India’s construction and infrastructure landscape. Founded in 1987 by Dilip Suryavanshi, the company began with residential and commercial building projects before rapidly expanding its expertise to large-scale infrastructure development. Today, DBL is renowned for its robust Engineering, Procurement, and Construction (EPC) capabilities, delivering diverse projects such as highways, bridges, tunnels, airports, and urban infrastructure. Over the years, the company has diversified into critical sectors like mining, water sanitation, sewage treatment, and irrigation, demonstrating its versatility and commitment to national development. As a publicly listed entity since August 2016, DBL has gained recognition for its focus on timely project execution, quality, and sustainability. Leveraging advanced technologies, innovative practices, a skilled workforce, and a visionary management team, DBL has consistently delivered excellence. Its state-of-the-art equipment and adherence to best practices have earned it numerous awards and accolades, underscoring its reputation as a trusted leader in India’s infrastructure development sector.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 70.15% | 70.15% | 70.15% | 70.15% | 70.15% |
| FIIs + | 2.89% | 2.89% | 2.80% | 3.07% | 3.18% |
| DIIs + | 9.10% | 9.08% | 9.17% | 9.51% | 9.54% |
| Public + | 17.87% | 17.89% | 17.87% | 17.27% | 17.14% |
| No. of Shareholders | 78,586 | 80,122 | 73,669 | 71,488 | 70,234 |
The shareholding pattern of Dilip Buildcon Limited (DBL) reflects a stable and well-distributed structure, showcasing confidence from both institutional and retail investors over the course of 2023 and 2024. The promoters maintained a dominant position with a consistent holding of 70.15%, underlining their unwavering control and commitment to the company’s growth. Foreign Institutional Investors (FIIs) exhibited slight fluctuations, starting at 2.89% in December 2023, dipping slightly to 2.80% in June 2024, and recovering to 3.18% by December 2024, signaling a renewed interest from global investors. Domestic Institutional Investors (DIIs), on the other hand, showed steady growth, increasing their stake from 9.10% in December 2023 to 9.54% by December 2024, indicating rising trust and participation from domestic entities. Public shareholding saw a marginal decline from 17.87% in December 2023 to 17.14% in December 2024, which, coupled with a reduction in the number of shareholders from 78,586 to 70,234 during the same period, suggests strategic share consolidation and a shift in retail investor dynamics.
Below are the trading platforms that you can use to purchase Dilip Buildcon shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2025 | 494.77 | 380.59 |
| May 2025 | 480.36 | 369.51 |
| June 2025 | 501.97 | 386.13 |
| July 2025 | 492.13 | 378.56 |
| August 2025 | 507.35 | 390.27 |
| September 2025 | 513.44 | 394.95 |
| October 2025 | 526.79 | 405.22 |
| November 2025 | 539.96 | 415.35 |
| December 2025 | 564.26 | 434.04 |
As we step into 2025, Dilip Buildcon is expected to demonstrate a steady growth pattern in its share price movements. By April 2025, the share price is anticipated to reach a maximum of ₹494.77, while the minimum is likely to be around ₹380.59. Moving forward, by December 2025, the share price is projected to touch a maximum of ₹564.26, with the minimum estimated at ₹434.04, reflecting a strong performance throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 581.19 | 447.07 |
| February 2026 | 566.66 | 435.89 |
| March 2026 | 577.99 | 444.61 |
| April 2026 | 589.78 | 453.68 |
| May 2026 | 583.95 | 449.19 |
| June 2026 | 598.54 | 460.42 |
| July 2026 | 586.81 | 451.39 |
| August 2026 | 604.96 | 465.35 |
| September 2026 | 617.06 | 474.66 |
| October 2026 | 633.10 | 487.00 |
| November 2026 | 648.93 | 499.17 |
| December 2026 | 665.15 | 511.65 |
As we approach 2026, Dilip Buildcon is expected to exhibit consistent growth in its share price movements. By January 2026, the share price is projected to reach a maximum of ₹581.19, with a minimum of ₹447.07. As the year progresses, this upward trend is likely to continue. By December 2026, the share price is anticipated to touch a maximum of ₹665.15, while the minimum is expected to be ₹511.65.
| When | Maximum Price | Minimum Price |
| January 2027 | 671.80 | 516.77 |
| February 2027 | 689.03 | 530.02 |
| March 2027 | 715.90 | 550.69 |
| April 2027 | 701.86 | 539.89 |
| May 2027 | 681.42 | 524.17 |
| June 2027 | 712.08 | 547.76 |
| July 2027 | 698.12 | 537.02 |
| August 2027 | 719.71 | 553.62 |
| September 2027 | 744.90 | 573.00 |
| October 2027 | 764.27 | 587.90 |
| November 2027 | 783.38 | 602.60 |
| December 2027 | 802.96 | 617.66 |
| When | Maximum Price | Minimum Price |
| January 2028 | 819.02 | 630.02 |
| February 2028 | 840.02 | 646.17 |
| March 2028 | 872.78 | 671.37 |
| April 2028 | 855.67 | 658.21 |
| May 2028 | 830.75 | 639.03 |
| June 2028 | 868.13 | 667.79 |
| July 2028 | 851.11 | 654.70 |
| August 2028 | 877.43 | 674.95 |
| September 2028 | 908.14 | 698.57 |
| October 2028 | 931.75 | 716.73 |
| November 2028 | 955.05 | 734.65 |
| December 2028 | 978.92 | 753.02 |
| When | Maximum Price | Minimum Price |
| January 2029 | 998.50 | 768.08 |
| February 2029 | 1,024.10 | 787.77 |
| March 2029 | 1,064.04 | 818.49 |
| April 2029 | 1,043.18 | 802.45 |
| May 2029 | 1,012.79 | 779.07 |
| June 2029 | 1,058.37 | 814.13 |
| July 2029 | 1,037.62 | 798.17 |
| August 2029 | 1,069.71 | 822.85 |
| September 2029 | 1,107.15 | 851.65 |
| October 2029 | 1,135.94 | 873.80 |
| November 2029 | 1,164.33 | 895.64 |
| December 2029 | 1,193.44 | 918.03 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,217.31 | 936.39 |
| February 2030 | 1,248.52 | 960.40 |
| March 2030 | 1,297.22 | 997.86 |
| April 2030 | 1,271.78 | 978.29 |
| May 2030 | 1,234.74 | 949.80 |
| June 2030 | 1,290.30 | 992.54 |
| July 2030 | 1,265.00 | 973.08 |
| August 2030 | 1,304.13 | 1,003.17 |
| September 2030 | 1,349.77 | 1,038.28 |
| October 2030 | 1,384.86 | 1,065.28 |
| November 2030 | 1,419.49 | 1,091.91 |
| December 2030 | 1,454.97 | 1,119.21 |
As we look ahead to 2030, Dilip Buildcon is expected to showcase significant growth in its share price throughout the year. By January 2030, the share price is projected to achieve a maximum of ₹1,217.31 and a minimum of ₹936.39. Progressing further, this upward momentum is anticipated to strengthen, leading to December 2030, where the maximum price is expected to reach ₹1,454.97 and the minimum price is likely to stand at ₹1,119.21.
Financial Condition of Dilip Buildcon
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 9,701 | 10,166 | 9,564 | 10,630 | 12,012 | 11,586 |
| Expenses + | 7,631 | 8,032 | 8,788 | 9,673 | 10,590 | 9,767 |
| Operating Profit | 2,070 | 2,133 | 776 | 957 | 1,421 | 1,820 |
| OPM % | 21% | 21% | 8% | 9% | 12% | 16% |
| Other Income + | 105 | 70 | -22 | 447 | 462 | 489 |
| Interest | 1,136 | 1,174 | 1,057 | 901 | 1,013 | 1,191 |
| Depreciation | 470 | 443 | 400 | 398 | 379 | 350 |
| Profit before tax | 569 | 586 | -704 | 103 | 492 | 768 |
| Tax % | 29% | 29% | -22% | 101% | 59% | |
| Net Profit + | 405 | 437 | -550 | -1 | 201 | 566 |
| EPS in Rs | 26.16 | 19.49 | -37.54 | 0.06 | 13.27 | 32.51 |
| Dividend Payout % | 4% | 5% | 0% | 157% | 8% |
Dilip Buildcon Limited (DBL) has experienced a dynamic financial trajectory over the past five years, reflecting its resilience and ability to adapt to changing market conditions. The company’s sales revenue has consistently grown, rising from ₹9,701 crore in March 2020 to ₹12,012 crore in March 2024, with a trailing twelve months (TTM) sales figure of ₹11,586 crore. This growth highlights DBL’s strong execution capabilities and its focus on expanding its project portfolio. However, rising expenses have accompanied the increased revenue, climbing from ₹7,631 crore in March 2020 to ₹10,590 crore in March 2024. These cost pressures have affected profitability, emphasizing the need for cost optimization in project execution.
The company’s operating profit and margins have seen significant volatility during this period. In March 2020, the operating profit stood at ₹2,070 crore with an impressive OPM of 21%. However, this figure declined sharply to ₹776 crore with an OPM of 8% in March 2022, reflecting operational challenges. Encouragingly, by March 2024, DBL managed to recover, posting an operating profit of ₹1,421 crore and an OPM of 12%, further improving to 16% in TTM. This recovery demonstrates DBL’s efforts in enhancing efficiency and streamlining operations. Additionally, other income has been a vital contributor to the company’s financial performance, growing from ₹105 crore in March 2020 to ₹462 crore in March 2024, helping offset some of the financial strains.
Despite facing challenges with high interest expenses, which have remained above ₹1,000 crore annually, DBL’s profitability metrics have shown a turnaround. After recording a loss of ₹-704 crore in profit before tax (PBT) in March 2022, the company rebounded with a PBT of ₹492 crore in March 2024 and ₹768 crore in TTM. The net profit followed a similar recovery path, improving from a loss of ₹-550 crore in March 2022 to ₹201 crore in March 2024 and further to ₹566 crore in TTM. Earnings per share (EPS) have also risen to ₹32.51 in TTM from a negative ₹-37.54 in March 2022. DBL’s dividend payout policies have remained cautious, with a notable spike to 157% in March 2023, reflecting its commitment to rewarding shareholders while managing growth and financial stability.
FAQS
Based on our analysis, Dilip Buildcon is anticipated to have a trading range between ₹936.39 and ₹1,454.97 in the year 2030.
As per our analysis, Dilip Buildcon share price target for 2025 would be somewhere between ₹369.51 and ₹564.26.
You can invest in Dilip Buildcon shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
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Conclusion
Dilip Buildcon Limited (DBL) has emerged as a significant player in India’s infrastructure sector, showcasing its expertise across diverse projects and its commitment to quality and innovation. The company’s financial journey reflects robust growth in sales and consistent efforts toward operational recovery, despite fluctuations in profitability and margins. Its stable shareholding pattern, with strong promoter confidence and growing institutional interest, highlights investor trust in DBL’s growth potential. Share price projections for 2025 to 2030 indicate a promising upward trajectory, supported by the company’s strategic execution and diversification. Overall, DBL stands well-positioned for sustained growth and enhanced value creation in the coming years.
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