NSE: DBL· IndustrialsNot in Aug top-30Small cap
Dilip Buildcon
Cyclical: deleveraged road EPC
- Last close
- ₹410.90
- 29 Sept 2026 · reference
- 1D · 1M
- +1.0% · +1.0%
- price-only
- Weight
- 0.6%
- 31 Jul 2026 · Aug rank —
- Thesis review
- 8 Sep 2026
- Why We Own, p55
Where the price sits
52-week range, house target and street targets
52w low ₹38652w high ₹531
- Reference close₹411
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹392
Price (2026-09-08)
63.9x / 20.2x
FY27E / FY28E P/E (Buoyant sheet)
2.9%
FY27E ROE (Buoyant sheet)
11.4x
Trailing P/E
0.9x
Price / book
n.a.
EPS CAGR FY26–28E
Trades below book (0.94x) and at 11.4x TTM earnings that are inflated by asset-sale gains; 1-yr stock return -14.9% (screener). EV/EBITDA n.m.; dividend yield 0.3%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 13.4x | 23.7x | 16.1x | 8.0x | 29.2x | n.m. | 52.2x | 34.4x | 10.9x | 4.8x |
| Price to Book | 2.8x | 6.0x | 3.1x | 0.9x | 2.3x | 1.0x | 0.6x | 1.6x | 1.4x | 0.9x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Dilip Buildcon plus a reference price. Missing inputs are not substituted.