Buy Dilip Buildcon, target price Rs 369: HDFC Securities

HDFC Securities has buy call on Dilip Buildcon with a target price of Rs 369. The current market price of Dilip Buildcon Ltd. is Rs 240.7. Time period given by analyst is one year when Dilip Buildcon Ltd. price can reach defined target.

Dilip Buildcon Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 3516.47 Crore) operating in Construction sector.

Dilip Buildcon Ltd. key Products/Revenue Segments include Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2906.23 Crore, up 8.89 % from last quarter Total Income of Rs 2668.90 Crore and up 18.46 % from last year same quarter Total Income of Rs 2453.36 Crore. Company reported net profit after tax of Rs -55.11 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.15 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.35 per cent, DIIs 9.12 per cent.