Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q1 FY27 Earnings Presentation
38 slides from Dilip Buildcon's earnings presentation, Aug 10, 2026
Slide 1: Letter to stock exchanges on investor presentation
August 10, 2026 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Stock Symbol -540047 Stock Symbol –DBL Sub: -Investor Presentation Pursuant to regulation 4
Slide 2: Dilip Buildcon Limited Q1 FY27 Investor Presentation
DILIP BUILDCON LIMITED A Multi-Asset Infrastructure Developer Q1 FY27 INVESTOR PRESENTATION
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by Dilip Buildcon Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any c
Slide 4: Table of Contents
Table of Contents Way Q1 FY27 Company Overview Business Transition Ahead Financial Highlights 3 www.dilipbuildcon.com
Slide 5: Company Overview
COMPANY OVERVIEW www.dilipbuildcon.com
Slide 6: Company Overview
Company Overview From legacy EPC to A MULTI-ASSET INFRASTRUCTURE POWERHOUSE Pan-India listed infrastructure company combining Execution, Asset Ownership and Annuity Cash Flows PPP Asset Portfolio 20 States Rs 30,215 Cr under InvIT Platforms 35+ Years 1 Union Infrastructure Diversified Order Territor
Slide 7: Evolved into a Multi-Asset Infrastructure Player
Evolved into a Multi-Asset Infrastructure Player DBL 2.0 ASSET CREATION AND CAPITAL RECYCLING (2017–2023) From execution to ownership 2017 Sold portfolio of 24 road assets DIVERSIFICATION & CAPITAL (~Rs 10,500 Cr Enterprise Value), largest MULTI-ASSET DEVELOPER FORMATION road buyout at the time GENE
Slide 8: DBL 2.0 Business Structure
DBL 2.0 Business Structure EPC Execution Engine MDO Capability backbone that feeds & MULTI ASSET PLATFORM Long-Term Cash Flow Engine enables DBL’s entire business model. Value Unlocking Engine MDO transforms DBL from a project- based contractor to a long-term Cash InvIT converts built assets into lo
Slide 9: Integrated Model Creating Enduring Value
Integrated Model Creating Enduring Value EPC BUILDS. ASSETS DELIVER. CASH FLOWS SUSTAIN. A VIRTUOUS CYCLE THAT DRIVES LONG-TERM VALUE. DBL Cash Upstream Cash Upstream Cash Generated from Assets Cash Generated from Assets are reinvested into DBL EPC are reinvested into DBL The Foundation Develops sit
Slide 10: Way Ahead
Way Ahead EPC MDO InvIT Transfer matured roads, power, renewable Focus on scale-driven growth with Ramp up production volumes across existing and transmission assets to InvITs margin-led, selective bidding mining assets Increase mix of asset-light, high-ROIC Unlock growth opportunities in Domestic a
Slide 11: Mine Developer and Operator
Mine Developer and Operator www.dilipbuildcon.com
Slide 12: MDO Model
MDO Model DBL’S EDGE Core Philosophy • End-to-end execution: development, Asset-backed, long-duration mining deployment, and operations operations combining end-to-end • In-house capabilities across equipment, execution with volume-linked, infra, and manpower predictable cash flows • Continuous perf
Slide 13: MDO Business Overview
MDO Business Overview MDO Business - Rs.1,03,021 Cr* PACHHWARA CENTRAL COAL MINE 383 MMT District Pakur, Jharkhand State PRODUCTION Punjab State Power Corporation Limited (PSPCL) LOCATION 55 years AUTHORITY CONTRACTED PERIOD FOR MDO ~Rs.43,844 Cr. Balance Contract Value POTTANGI BAUXITE MINE SIARMAL
Slide 14: MDO - Performance
MDO - Performance SIARMAL Particulars Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 OB Production (Mn BCM) 7.00 8.43 5.42 25.08 18.02 Coal Production (Mn MT) 3.78 7.24 3.70 22.35 18.53 PACHHWARA Particulars Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 OB Production (Mn BCM) 4.12 3.70 2.90 11.15 9.19 Coal Production (Mn MT
Slide 15: MDO Business: A Margin Accretive Proposition
MDO Business: A Margin Accretive Proposition (Rs.in Cr) Particulars Q1FY27 Q4FY26 Q1FY26 FY 2026 FY 2025 Revenue 362 440 404 1,575 1,609 EBITDA 96 101 108 390 414 EBITDA Margin 27% 23% 27% 25% 26% Reported PAT 55 61 70 240 264 PAT Margin 15% 14% 17% 15% 16% At DBL, the story is slowly The company’s
Slide 16: Engineering, Procurement, and Construction
Engineering, Procurement, and Construction www.dilipbuildcon.com
Slide 17: EPC: An Asset Creation Engine
EPC: An Asset Creation Engine DBL’S INTEGRATED EXECUTION STRENGTH • End-to-end capabilities: design, engineering, Core Philosophy procurement, and construction DBL balances growth and risk by • Strong execution track record across EPC and pairing low-risk EPC execution with HAM projects annuity-base
Slide 18: How DBL Order Book Has Evolved
How DBL Order Book Has Evolved Concentration 77% 64% DBL 2.0 52% Diversification 45% 40% 37% 22% 24% 21% 19% 20% 19% 18% 14% 15% 5% FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Optical Fibre Renewable energy Petroleum & Gas Road Irrigation Water Supply Mining Metro & Railways Tunnel Special Bridges & Pow
Slide 19: A Diversified Multi Asset Infrastructure Platform Across The Value Chain
A Diversified Multi Asset Infrastructure Platform Across The Value Chain ROADS & HIGHWAYS IRRIGATION MINING WATER SUPPLY TUNNEL Rs. 4,725 Cr | 17.1% Rs. 4,795 Cr | 17.3% Rs. 5,787* Cr | 20.9% Rs. 212 Cr | 0.8% Rs. 1,581 Cr | 5.7% SPECIAL BRIDGES & RENEWABLE ENERGY METRO & RAILWAYS OPTICAL FIBER URBA
Slide 20: Order Book Trend
Order Book Trend (Rs.in Cr) 28,830 * 27,691 25,595 25,395 17,432 14,923 FY22 FY23 FY24 FY25 FY26 Q1 FY27 * Excludes: New Irrigation Project won in July 2026 in the state of Chhattisgarh, with a total project cost of Rs. 2,524.32 Cr. 19 www.dilipbuildcon.com
Slide 21: Investments
Investments www.dilipbuildcon.com
Slide 22: Investments in Multi Asset Platform
Investments in Multi Asset Platform ANANTAM SHREM INVIT UPCOMING ASSETS HIGHWAYS INVIT • Anantam Highways Trust (the “Trust”) is an • InvIT set-up for the purposes of carrying on Indian infrastructure investment trust. The the activity of an infrastructure investment Roads Trust is sponsored by Alph
Slide 23: Renewable Energy Business (~2.1 GW)
Renewable Energy- Business (~2.1 GW ): Renewable Energy Business - Rs.24,173 Cr* 100 MW 1,977 MW Key Features of Project- Key Features of Project- • LOA Date-Oct-25. • LOA Date-Dec-25. • Authority- Madhya Pradesh Jal Nigam. • Authority- MP Urja Vikas Nigam Ltd. • Project Capacity AC – 100 MW. • Proj
Slide 24: Transmission Business
Transmission Business Transmission Business - Rs.11,600 Cr* Key Terms of Project- • Tendering Authority - REC Power Development and Consultancy LTD. • Project SPV- Mekhali Power Transmission Limited. • Project Authority-”Power Company” of Karnataka Limited. • Scope- Intra-state Transmission System f
Slide 25: Equity and Investment Tracker
Equity and Investment Tracker Equity Balance Equity Projected Investment Sr Equity Investment Particulars Investment to be invested No Upto Jun-26 Required till Completion 9FY27 FY28 FY29 FY30 A HAM/BOT 11 Road HAM Projects 1,644 1563 81 56 25 - - 2 Road HAM Projects 184 60 124 37 62 26 - 1 Water HA
Slide 26: Business Highlights
Business Highlights www.dilipbuildcon.com
Slide 27: Projects Completed – Q1FY27
Projects Completed – Q1FY27 (Rs.in Cr) EPC Cost Actual/ Provisional Name of the Client Project Name State Type of Work excluding GST Completion Date National Highways Bengaluru-Vijayawada Expressway Andhra Pradesh HAM 453 02-05-2026 Authority of India. Package-1 National Highways Bengaluru-Vijayawad
Slide 28: New Projects Won – Q1FY27
New Projects Won – Q1FY27 (Rs.in Cr) Contract Value Sr. No. Project Name Type State excluding GST Work for Designing and Construction of Ged Barrage, Protection work & Other allied activities across river Sabarmati between 1 EPC Gujarat 268 Hirpura barrage & Lakroda weir, Ta. Prantij, Dist. Sabarkan
Slide 29: Q1 FY27 Financial Highlights
Q1 FY27 FINANCIAL HIGHLIGHTS www.dilipbuildcon.com
Slide 30: Q1 FY27 Financial Highlights
Q1 FY27 Financial Highlights (Rs.in Cr) Revenue From Operations EBITDA /EBITDA Margin (%) Profit after Tax 2,010 123 203 STANDALONE 1,930 67 1,860 199 199 39 10.3% 10.7% 10.1% Q1 FY27 Q4 FY26 Q1 FY26 Q1 FY27 Q4 FY26 Q1 FY26 Q1 FY27 Q4 FY26 Q1 FY26 2,620 521 600 271 CONSOLIDATED 429 500 392 400 2,378
Slide 31: Income Statement
Income Statement (Rs.in Cr) STANDALONE CONSOLIDATED Particulars Q1FY27 Q4FY26 QoQ% Q1FY26 YoY% FY26 Q1FY27 Q4FY26 QoQ% Q1FY26 YoY% FY26 Revenue 1,930 1,860 3.76% 2,010 -3.98% 7,005 2,378 2,300 3.39% 2,620 -9.24% 8,984 Less:- Operating expenses 1,730 1,661 4.15% 1,807 -4.26% 6,271 1,949 1,908 2.15% 2
Slide 32: Quarterly - Working Capital Days
Quarterly - Working Capital Days: 132 131 133 145 114 132 115 113 105 107 84 83 83 101 84 103 95 97 75 93 81 68 62 61 60 59 56 117 119 124 134 138 149 156 169 171 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Debtor Days Inventory days Creditor Days Working Capital Days Working capi
Slide 33: Quarterly - Net Debt to Equity ratio
Quarterly - Net Debt to Equity ratio: (Rs in Cr.) 0.42 0.43 0.40 0.35 0.40 0.32 0.38 0.37 0.31 0.29 0.28 0.28 0.33 0.3 0.26 0.26 0.27 0.25 0.04 0.03 0.03 0.03 0.04 0.02 0.02 0.02 0.02 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Net Debt/Equity (x) Equipment Debt/Equity (x) Working
Slide 34: NHAI/MoRTH-HAM Portfolio / PWD (Goa) – Observatory Tower
NHAI/MoRTH-HAM Portfolio / PWD (Goa) – Observatory Tower: (Rs in Cr.) Sr No Particulars Bid Project Cost Remarks 19 HAM Completed Projects: • Shrem Group/Shrem InvIT - 16 Projects -100% Divested. • Cube Highways - 3 Projects -100% Divested. 14 HAM Completed Projects: 1 33 Completed HAM Projects. 39,
Slide 35: Established PAN India Developer
Established PAN India Developer Total Revenue Performance in Last Two Decades Jammu & Kashmir (FY2006-07 to FY2025-26) Himachal Pradesh Home State Rs. 9,731 Cr Uttarakhand Haryana 9.84% 10% Bihar Rajasthan Madhya Pradesh Gujarat Jharkhand Total Revenue Rs. 98,872 Cr Chhattisgarh Odisha Telangana Res
Slide 36: Strategic Backward integration
Strategic Backward integration To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture / material needed for our business. It helps us control costs and timelines. Octagonal Poles Pipe Rolling Metal Beam Crash Barrier Road M
Slide 37: Experienced Leadership
Experienced Leadership Dilip Suryavanshi is the Chairman and Managing Director of our Company. He holds a bachelor’s Bharat Singh Rohan Suryavanshi degree in civil engineering from the University of Head – Strategy & Planning Jabalpur. He has over 43 years of experience in the President business of
Slide 38: Thank You
THANKYOU For further queries, Please contact: Investor Relations Advisors : Dilip Buildcon Ltd. Adfactors PR Pvt. Ltd. CIN – L45201MP2006PLC018689 Pratik Shah pratik.shah@adfactorspr.com db@dilipbuildcon.co.in M: +91 98700 30585 www.dilipbuildcon.com Ashith Salian ashith.salian@adfactorspr.com M: +9