You are here » Home » Companies » Company Overview » Dilip Buildcon Ltd

Dilip Buildcon Ltd.

BSE: 540047 Sector: Infrastructure
NSE: DBL ISIN Code: INE917M01012
BSE 00:00 | 26 May 220.65 1.00
(0.46%)
OPEN

223.00

HIGH

224.70

LOW

212.15

NSE 00:00 | 26 May 221.60 2.45
(1.12%)
OPEN

220.00

HIGH

229.00

LOW

212.00

OPEN 223.00
PREVIOUS CLOSE 219.65
VOLUME 54101
52-Week high 749.30
52-Week low 211.00
P/E
Mkt Cap.(Rs cr) 3,226
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 223.00
CLOSE 219.65
VOLUME 54101
52-Week high 749.30
52-Week low 211.00
P/E
Mkt Cap.(Rs cr) 3,226
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Dilip Buildcon Ltd. (DBL) - Chairman Speech

Company chairman speech

Dilip Suryavanshi

We also plan to expand our presence in new geographies and make themost of the incentives offered by the government to boost the infrastructure sector.

Dear Shareholders

I am pleased to present to you DBL's Annual Report for FY2021. Thereport exhibits your Company's resilience and determination to continue deliveringexcellence despite the unprecedented challenges.

The year gone by posed a challenge not only for DBL but for all ofhumanity. Industries and economies all over the world were disrupted because of theCOVID-19 pandemic. Unpredictable socio-political events and ever-changing technologiesadded to the woes. Yet here we are resilient as ever and just like all of humanity DBLalso adapted to the situation and managed to maintain a steady performance during theyear.

A resilient EPC sector

The EPC sector witnessed the significant impact of COVID-19 –cancelled construction projects delayed response to request for proposal (RPF) andsupply-chain bottlenecks to timely procurement of goods and assets that in turn impactproject completion. EPC companies directed their focus on the health safety andmanagement of their contract workforce. Manufacturing plants shut down and labour migratedback to their hometowns. Disruption in transportation resulted in shortage of rawmaterials in turn impacting projects.

The NHAI awarded 141 projects (4788 km) worth Rs. 1.71 lakh crore inFY2021 As part of the National Infrastructure Pipeline (NIP) the roads sector has beenallotted Rs. 19 trillion over five years untiRs. 2025. Micro-irrigation is rapidly gainingprominence in India and the government has targeted to popularise the use ofmicro-irrigation technology by covering additionaRs. 10 million hectares of land in 5years by 2025. The mining industry was impacted by labour shortage and disruption toglobal trade as well as subdued global markets are also likely to impact the demand andproduction of minerals. Further commodity prices are expected to remain high due toCOVID-related disruptions and a push for infrastructure by large economies.

Maintaining a steady performance

In a year overshadowed by uncertainty your Company marked a revenuegrowth of 2.5% to reach Rs. 92380 million. Our order book grew by a profound 43.65% tostand at Rs. 274114 million in FY2021. We completed four NHAI projects during the yearand won 15 new projects from NHAI RVNL NWRWS and Mahanadi Coalfields Limited. Howeverthis year we recorded a net profit of Rs. 3249 million against Rs. 4267 million inFY2020 and our debt remained the same as last year.

Prioritising the well-being of our people

The pandemic had a profound impact on the lives of our employees andtheir families our clients and communities. We quickly rose to the challenge and offeredfood and accommodation to those working in our plants. This was a time when medicalemergencies were paramount. Though our plants shut down for a couple of months andbusiness was subdued we ensured that all our people received their salaries on time. Inaddition we undertook a mass vaccination drive for all our people to immunise themagainst the virus. We smoothly transitioned to working from home and leveraged technologyto engage with our clients and keep our teams productive.

Setting a new course for the future

FY2021 was a tough year. Organisations and industries around the worldwill continue to feel the impact of the pandemic for the coming few years. Whilevaccination is being undertaken on a mass scale new variants of the virus and fear of athird wave continue to pose a threat. We expect FY2022 to be another year filled withchallenges but we are well prepared and are optimistic and hopeful about the future. Aswe enter FY2022 our priority will continue to be to address the concerns of stakeholdersbuild on our current strengths leverage innovation and digitalisation and build a solidinfrastructural foundation for India. We also plan to expand our presence in newgeographies and make the most of the incentives offered by the government to boost theinfrastructure sector.

We will continue to build on new and long-term relationships on theback of our strong EPC expertise and skilled workforce.

I sincerely thank you all for your interest and support for ourCompany. We will continue to deliver extraordinary projects that will make India astronger nation.

Warm wishes
Dilip Suryavanshi

.