DILIP BUILDCON LIMITED – Investor Presentation Summary
Key Operational Highlights
- MDO business OB Production: 7.00 Mn BCM in Q1 FY27, compared to 5.42 Mn BCM in Q1 FY26 and 8.43 Mn BCM in Q4 FY26
- Coal MDO production crossed 30 MMT in 2026, achieving steep ramp up in 3 Years
- Completed 3 road HAM projects in Andhra Pradesh during Q1 FY27 with total EPC cost of ₹1,700 Cr (excluding GST)
- Key drivers: Diversification into multi-asset infrastructure platform, capital recycling through InvITs, and scale-up in mining operations
Segment-wise Performance
- MDO Business: Revenue ₹362 Cr in Q1 FY27 (₹404 Cr in Q1 FY26), EBITDA ₹96 Cr (27% margin), PAT ₹55 Cr (15% margin)
- EPC Business: Core execution capability across 12 sectors with pan-India presence across 20 States & 1 Union territory
- Renewable Energy: 100 MW and 1,977 MW solar projects under development
- Transmission: ₹11,600 Cr revenue potential over concession period
Financial Highlights
Revenue: ₹2,378 Cr (Consolidated Q1 FY27)
EBITDA: ₹429 Cr (excludes other income)
PAT: ₹128 Cr
EPS: Not Specified
Margins: EBITDA Margin 18.05%, PAT Margin 5.39%
YoY comparison: Revenue down 9.24% from ₹2,620 Cr in Q1 FY26, PAT down 52.94% from ₹272 Cr in Q1 FY26
QoQ comparison: Revenue up 3.39% from ₹2,300 Cr in Q4 FY26, PAT up 3.23% from ₹124 Cr in Q4 FY26
Drivers of financial performance: MDO business margin accretion, diversified revenue streams, capital recycling through InvITs
Comparison to market estimates: Not Specified
Key Risks: Not explicitly disclosed
Geographical Revenue Split
Domestic vs Export/Regional Revenue: Not Specified
Regional Breakdown: Operations across 20 States & 1 Union territory
Balance Sheet Snapshot
Net Debt/Equity: 0.31x as on June 2026 (increased from 0.28x in March 2026)
Net Debt: ₹2,106 Cr as on June 2026 (₹1,880 Cr in March 2026)
Equity: ₹6,873 Cr as on June 2026 (₹6,823 Cr in March 2026)
Reserves: Not Specified
Current Assets/Liabilities: Not Specified
Working Capital Days: 133 days as on June 2026 (increased from 131 days in March 2026)
Financial Health Insights: Net worth crossed ₹5,000 Cr in 2024, focus on balance sheet optimization through InvIT monetization
Capex & Cash Flow Health
Capital Expenditure: Total equity investment requirement of ₹4,566 Cr across projects, with ₹2,719 Cr balance to be invested till completion
Free Cash Flow: Not Specified
Operating Cash Flow: Not Specified
Net Debt Movement: Increased from ₹1,880 Cr in March 2026 to ₹2,106 Cr in June 2026
Investment Rationale: Funding next phase of growth through internal cash flows from MDO business and InvIT distributions
Strategic & R&D Initiatives
Investments in Innovation: Strategic backward integration with own manufacturing units for road furniture/material
Expected impact on growth: Cost control and timeline management for EPC operations
Strategic Rationale: Transition from pure EPC play to diversified business structure combining execution, asset ownership and annuity cash flows
Industry Trends & Business Environment
Macro/Industry Trends: Not explicitly specified
Impact on Company: Transition to reduce cyclicality, improve revenue visibility, and strengthen earnings quality
Management Commentary & Growth Outlook
Strategic Outlook: Company transitioning from pure EPC play to diversified business structure
FY Guidance: Not explicitly specified
Market Share Targets: Not Specified
Risks and Opportunities: Focus on achieving sustainable profitability and generating adequate internal cash flows to fund growth
ESG Updates
Not Specified
Digital Transformation
Not Specified