Winners - Dilip Buildcon

Dilip Buildcon (DBL) is a prominent EPC contractor, primarily engaged in the construction of roads, dams, canals and residential buildings. During the last five fiscals, it has completed construction of 47 road projects in Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra, with an aggregate length of ~5,612 lane km, thereby achieving a CAGR of 36 per cent of revenue growth on a standalone basis (for the EPC business). It has also carved out a decent portfolio of road development assets over time, and currently has 12 operational projects, of which six are under construction. Considered as the largest construction equipment bank in India, as on March 31, 2016, DBL maintains a modern equipment fleet of 7,345 vehicles and other construction equipment. With improvement to execute large-ticket projects, DBL's order book witnessed a stupendous growth of 80 per cent CAGR over FY2013-2016. Its unexecuted order book stands at Rs 10,800 crore as on March 31, 2016. Further, 76 per cent of its total order backlog comes from the government (least payment risk), while its non-captive order book constitutes ~85 per cent of the total order book. For FY2016, net profit rose 142 per cent to Rs 196.65 crore, as against Rs 81.18 crore during FY2015. The company´s sales saw growth of 56 per cent at Rs 4,315.36 crore in the year ended March 2016, as against Rs 2,761.95 crore during the previous year ended March 2015. The company's revenue grew by 262 per cent, and profit by 78 per cent, from FY2012-2016.