Deepak Builders & Engineers India Ltd
Incorporated in September 2017, Deepak Builders & Engineers India Limited is a construction company specializing in administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities.[1]
- Market Cap ₹ 732 Cr.
- Current Price ₹ 157
- High / Low ₹ 214 / 139
- Stock P/E 12.1
- Book Value ₹ 40.6
- Dividend Yield 0.00 %
- ROCE 43.0 %
- ROE 46.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 82.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%
- Debtor days have improved from 76.8 to 51.8 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.310 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 239 | 310 | 351 | 363 | 433 | 509 | |
| 213 | 277 | 317 | 321 | 382 | 397 | |
| Operating Profit | 26 | 33 | 34 | 42 | 51 | 112 |
| OPM % | 11% | 11% | 10% | 12% | 12% | 22% |
| 1 | 1 | 1 | 2 | 2 | 5 | |
| Interest | 10 | 14 | 14 | 17 | 19 | 29 |
| Depreciation | 2 | 3 | 3 | 4 | 6 | 7 |
| Profit before tax | 14 | 18 | 18 | 24 | 29 | 82 |
| Tax % | 78% | 24% | 25% | 26% | 26% | 26% |
| 3 | 14 | 14 | 18 | 21 | 60 | |
| EPS in Rs | 0.84 | 3.82 | 3.76 | 4.92 | 5.96 | 16.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 13% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 82% |
| 3 Years: | 65% |
| TTM: | 181% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 32% |
| Last Year: | 46% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 3 | 17 | 48 | 49 | 65 | 124 | 153 |
| 59 | 55 | 67 | 80 | 97 | 157 | 194 | |
| 102 | 115 | 104 | 158 | 252 | 242 | 307 | |
| Total Liabilities | 199 | 223 | 255 | 322 | 449 | 559 | 691 |
| 30 | 33 | 51 | 51 | 51 | 65 | 61 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 169 | 190 | 204 | 271 | 398 | 494 | 629 | |
| Total Assets | 199 | 223 | 255 | 322 | 449 | 559 | 691 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 17 | 24 | 1 | 13 | -27 | ||
| -4 | -77 | -5 | -13 | -11 | ||
| -15 | -18 | 0 | 3 | 35 | ||
| Net Cash Flow | -1 | -71 | -5 | 3 | -3 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 75 | 66 | 112 | 96 | 82 | 52 |
| Inventory Days | 196 | 138 | 40 | 101 | 215 | 289 |
| Days Payable | 124 | 109 | 105 | 121 | 148 | 157 |
| Cash Conversion Cycle | 147 | 94 | 47 | 77 | 149 | 184 |
| Working Capital Days | 184 | 151 | 131 | 90 | 132 | 159 |
| ROCE % | 31% | 25% | 26% | 26% | 43% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Feb - Newspapers publications of Results as on 31.12.2024
-
Integrated Filing (Financial)
15 Feb - Submission of unaudited financial results for Q3 2024.
-
Statement On Deviation / Variation In Utilisation Of Funds Raised
15 Feb - Confirmation of no deviation in IPO fund utilization.
-
Announcement under Regulation 30 (LODR)-Change in Management
14 Feb - Appointment of Mr. Harnam Singh as additional director.
-
Standalone Un-Audited Financial Results Alongwith Limited Review Report For The Quarter And Nine Months Ended 31St December, 2024
14 Feb - Board approved financial results and director appointment.
Business Verticals[1]
A) Construction Projects: DBEIL specializes in executing turnkey construction projects for administrative and institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complexes, residential complexes, and stadium and sports complexes. These projects are largely awarded through competitive government tenders.
B) Infrastructure Projects: The company undertakes infrastructure projects like flyovers, railway over bridges (ROB), rail under bridges (RUB), approach roads, and railway station upgradation/redevelopment. These projects are also primarily government-led.[2]
C)Sale of Products: DBEIL also engages in the sale of leftover construction materials such as steel and cement after fulfilling its own construction needs.[3]