EN DE

Dilip Buildcon Limited (DBL) Fair Value & Analysis

Industrials · IN · Market cap ₹74.0B

DB Dilip Buildcon Limited DBL · NSE
Price₹414.95
Fair Value₹940.18
Upside+126.6%
Quality28/100
Watch Dilip Buildcon Limited for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Solidly profitable · 14.5% net margin
Moderate debt · negative free cash flow
0.22% dividend yield
Ranks above peers (8/13)
Moderate moat 53/100
Evidence: High Range ₹705.13 – ₹1,229 Share as image

Fair value as of: Aug 2, 2026

From 16 valuation models · updated 11 days ago

Share price −0.8% over the past month.

Below-average quality, screening 127% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹705.13). The market is more pessimistic than our downside scenario.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹722.02 ₹161.41 Fair Value ₹940.18 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹161.41 – ₹722.02 · fair‑value band ₹705.13 – ₹1,229 · the ₹414.95 price screens below the ₹940.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Dilip Buildcon Limited (DBL) currently trades at ₹414.95, while our model-based Fair Value estimate is ₹940.18, implying the stock looks roughly 126.6% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Dilip Buildcon Limited generated revenue of ₹89.8B at a net margin of 14.5%. Revenue declined 25.7% year over year. It earns a return on equity of 22.9%. Net debt stands at ₹77.1B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹705.13 (bear case) to ₹1,229 (bull case); at ₹414.95, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 29% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 127%, DBL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹542.08 ₹768.69 ₹4,000 76
ROIC Compounder ₹466.68 ₹750.43 ₹1,084 72
Gordon GGM ₹9.18 ₹19.09 ₹30.29 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹545.18 ₹2,552 ₹3,508 54
Lynch FV ₹675.14 ₹964.48 ₹1,254 50
PEG = 1.0 ₹675.14 ₹964.48 ₹1,254 46
EPV ₹450.46 ₹579.55 ₹692.50 59
Dividend Discount
Gordon GGM ₹9.18 ₹19.09 ₹30.29 70
DDM Multi-Stage ₹9.18 ₹16.10 ₹20.04 61
Multiples
P/E Multiple ₹1,263 ₹1,684 ₹2,105 63
P/S Multiple ₹829.57 ₹1,106 ₹1,383 58
P/B Multiple ₹1,022 ₹1,363 ₹1,704 55
EV/EBIT ₹828.04 ₹1,212 ₹1,596 53
EV/EBITDA ₹735.63 ₹1,089 ₹1,442 54
EV/Revenue ₹372.78 ₹671.42 ₹970.07 43
Asset-Based
NCAV (Graham) ₹210.20 ₹281.66 ₹420.40 50
Economic Profit
Residual Income ₹542.08 ₹768.69 ₹4,000 76
ROIC Compounder ₹466.68 ₹750.43 ₹1,084 72
Growth Earnings
Growth-Adj P/E ₹1,071 ₹1,530 ₹1,989 68

Widest divergence: Growth Earnings (₹1,530) versus Dividend Discount (₹16.10). Highest evidence: Residual Income (76).

Notify me when DBL reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹89.8B
Revenue growth (YoY) -25.7%
Net margin 14.5%
Return on equity 22.9%
Free cash flow −₹33.0B FY2026
P/E ratio 5.3
More key figures
Operating margin 14.1%
EPS (TTM) ₹86.10
Dividend yield 0.2%
EPS growth (YoY) -72.2%
Net debt ₹77.1B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 27 · Market factors (momentum, volatility) 38

Profitability 46
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 36
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Dilip Buildcon Limited, together its subsidiaries, engages in the development of infrastructure facilities on engineering, procurement, and construction (EPC) basis in India. The company operates through Engineering, Procurement and Construction (EPC) Projects & Road Infrastructure Maintenance, and Annuity Projects & Others segments.

Full company description

Dilip Buildcon Limited, together its subsidiaries, engages in the development of infrastructure facilities on engineering, procurement, and construction (EPC) basis in India. The company operates through Engineering, Procurement and Construction (EPC) Projects & Road Infrastructure Maintenance, and Annuity Projects & Others segments. It is involved in roads, highway, bridges, tunnels, irrigation, mining excavation, water supply, metros, airport, and urban infrastructure, as well as canals, dams, metro rail viaducts development related business. In addition, the company engages in road infrastructure maintenance and toll operations; and undertakes contract from various government and other parties and special purpose vehicles. Dilip Buildcon Limited was founded in 1987 and is headquartered in Bhopal, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dilip Buildcon Limited reported revenue of ₹89.8B in FY2026 versus ₹91.9B in FY2022, a compound −0.6%/yr. Reported net income was ₹13.0B in FY2026.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹89.8B
Latest YoY
−20.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.0%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.7%
Revenue −0.6%/yr
FY22 ₹91.9B
FY23 ₹103B
FY24 ₹120B
FY25 ₹113B
FY26 ₹89.8B
Net income
FY22 −₹5.5B
FY23 ₹9.3M
FY24 ₹1.9B
FY25 ₹6.4B
FY26 ₹13.0B
Character of growth · EPS growth decomposed (2015-2026) +13.1 % p.a.
Revenue per share +10.9 pp

of which total revenue +11.6 pp · buybacks/dilution −0.7 pp

EBIT margin +1.1 pp
Tax rate −0.7 pp
Residual (interest, one-offs) +1.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch DBL: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Dilip Buildcon Limited Fair Value". https://www.fairvalue-calculator.com/stock/DBL

Peer Group

Engineering & Construction · 840 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 28 · Bottom 25%
Fair Value upside +127% · Top 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.82× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 5.3× · Cheaper than 75% of peers
P/B 1.08× · Cheaper than median
P/S (TTM) 0.82× · Pricier than median
EV/EBITDA 7.2× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 13
FUTURE 0 · sector 17
PAST 92 · sector 26
HEALTH 59 · sector 94
DIVIDEND 4 · sector 33

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Dilip Buildcon Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Dilip Buildcon Limited (DBL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹940.18 versus a price of ₹414.95, about +127% (undervalued).
What is the fair value of DBL?
Our model-based fair value for Dilip Buildcon Limited is ₹940.18 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹414.95.
What is the quality score of DBL?
Dilip Buildcon Limited has a Quality Score of 28/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Dilip Buildcon Limited (DBL)?
Dilip Buildcon Limited reported trailing-twelve-month revenue of about ₹89.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of DBL?
The net profit margin of Dilip Buildcon Limited is about 14.5%, meaning it keeps roughly 14.5% of revenue as net income. Based on the latest reported figures.
Does Dilip Buildcon Limited pay a dividend?
Dilip Buildcon Limited currently shows a dividend yield of about 0.22% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Dilip Buildcon Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.