Dilip Buildcon Q2 Results Review - Eyeing Net Debt Free By FY27E: IDBI Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Dilip Buildcon Ltd.'s Q2 FY25 (standalone) profit after tax came below our and consensus estimate. Revenue was impacted due to delay in ordering and peak monsoon in certain geographies. Dilip Buildcon has revised the revenue guidance to -10% de-growth with Ebitda margins to 11-12% (Earlier 12-14%). Order book of Rs 174 billion, equals to 1.5 times trailing twelve months revenue. Company guides order inflow of Rs 150-160 bn for FY25. Dilip Buildcon maintains its focus on debt reduction but have postponed their Net Debt free target to FY27 as there is delay in receivables from JJM projects, reduction will be done through mix of internal accruals, divestment proceeds and working capital days reduction. We have retained our Hold rating on the stock with revised target price of Rs 494 on 15 times FY26E EPS. Stock catalyst remains stable execution and order inflow.Click on the attachment to read the full report:.Bharat Dynamics Q2 Results Review - Beat In Estimates: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dilip Buildcon Q2 Results Review - Eyeing Net Debt Free By FY27E: IDBI Capital

The brokerage retains its Hold rating on the stock with revised target price of Rs 494 on 15 times FY26E EPS.

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Dilip Buildcon Q2 Results Review - Eyeing Net Debt Free By FY27E: IDBI Capital

The brokerage retains its Hold rating on the stock with revised target price of Rs 494 on 15 times FY26E EPS.

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