Dilip Buildcon Limited

NSEI:DBL Stock Report

Market Cap: ₹63.4b

Dilip Buildcon Valuation

Is DBL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DBL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DBL (₹433.95) is trading above our estimate of fair value (₹346.04)

Significantly Below Fair Value: DBL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DBL?

Key metric: As DBL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DBL. This is calculated by dividing DBL's market cap by their current earnings.
What is DBL's PE Ratio?
PE Ratio13.6x
Earnings₹4.67b
Market Cap₹63.45b

Price to Earnings Ratio vs Peers

How does DBL's PE Ratio compare to its peers?

The above table shows the PE ratio for DBL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
543971 Bondada Engineering
98.9xn/a₹64.7b
PNCINFRA PNC Infratech
6x-21.3%₹73.8b
533169 Man Infraconstruction
25.1xn/a₹67.8b
GMRP&UI GMR Power And Urban Infra
4.2x-25.3%₹71.3b
DBL Dilip Buildcon
13.6x11.7%₹63.4b

Price-To-Earnings vs Peers: DBL is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (33.5x).

Price to Earnings Ratio vs Industry

How does DBL's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$77.49m
533152 MBL Infrastructures
2.5xn/aUS$67.17m
ATLANTAA Atlantaa
2.4xn/aUS$48.21m
SKIL SKIL Infrastructure
0.1xn/aUS$14.31m
DBL 13.6xIndustry Avg. 25.7xNo. of Companies23PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DBL is good value based on its Price-To-Earnings Ratio (13.6x) compared to the Indian Construction industry average (25.6x).

Price to Earnings Ratio vs Fair Ratio

What is DBL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DBL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio30.4x

Price-To-Earnings vs Fair Ratio: DBL is good value based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (30.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DBL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹433.95
₹545.83
+25.8%
8.5%₹605.00₹490.00n/a6
Nov ’25₹505.15
₹558.67
+10.6%
13.5%₹652.00₹447.00n/a6
Oct ’25₹530.00
₹570.67
+7.7%
12.1%₹652.00₹447.00n/a6
Sep ’25₹561.25
₹570.67
+1.7%
12.1%₹652.00₹447.00n/a6
Aug ’25₹506.25
₹458.50
-9.4%
13.7%₹529.00₹346.00n/a6
Jul ’25₹524.25
₹458.50
-12.5%
13.7%₹529.00₹346.00n/a6
Jun ’25₹405.90
₹453.33
+11.7%
15.0%₹529.00₹346.00n/a6
May ’25₹470.30
₹450.00
-4.3%
8.6%₹492.00₹373.00n/a6
Apr ’25₹458.55
₹450.00
-1.9%
8.6%₹492.00₹373.00n/a6
Mar ’25₹457.25
₹450.00
-1.6%
8.6%₹492.00₹373.00n/a6
Feb ’25₹399.15
₹407.40
+2.1%
13.0%₹466.00₹327.00n/a5
Jan ’25₹381.25
₹401.80
+5.4%
14.3%₹466.00₹327.00n/a5
Dec ’24₹392.10
₹401.80
+2.5%
14.3%₹466.00₹327.00n/a5
Nov ’24₹306.95
₹354.00
+15.3%
9.0%₹410.00₹325.00₹505.155
Oct ’24₹311.35
₹354.00
+13.7%
9.0%₹410.00₹325.00₹530.005
Sep ’24₹321.80
₹354.00
+10.0%
9.0%₹410.00₹325.00₹561.255
Aug ’24₹319.60
₹234.00
-26.8%
14.0%₹271.00₹185.00₹506.254
Jul ’24₹238.20
₹234.00
-1.8%
14.0%₹271.00₹185.00₹524.254
Jun ’24₹222.10
₹234.00
+5.4%
14.0%₹271.00₹185.00₹405.904
May ’24₹180.55
₹252.67
+39.9%
10.5%₹290.00₹233.00₹470.303
Apr ’24₹168.90
₹253.00
+49.8%
10.4%₹290.00₹233.00₹458.553
Mar ’24₹196.90
₹253.00
+28.5%
10.4%₹290.00₹233.00₹457.253
Feb ’24₹210.90
₹303.00
+43.7%
19.7%₹400.00₹246.00₹399.154
Jan ’24₹217.00
₹303.00
+39.6%
19.7%₹400.00₹246.00₹381.254
Dec ’23₹232.50
₹303.00
+30.3%
19.7%₹400.00₹246.00₹392.104
Nov ’23₹217.15
₹303.00
+39.5%
19.7%₹400.00₹246.00₹306.954

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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