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.
The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.
The company’s business can be categorized into the following verticals:
The company has completed construction and infrastructure projects in four states of India – Punjab, Haryana, Rajasthan, Uttarakhand – and two Union Territories – Chandigarh and the National Capital Territory of Delhi.
The company manages twelve projects, including seven EPC projects and five item rate/percentage rate contracts. Within the ongoing projects, the construction portfolio consists of four hospital and medical college projects, one administrative & and institutional building, and one industrial building. The infrastructure projects include four projects focused on upgrading, developing, and redeveloping railway stations and related work, as well as two road and bridge projects related to rail over bridges.
As of June 30, 2024, the company’s order book amounts are as follows: Rs 13,803.89 million for Fiscal 2024, Rs 11,126.88 million for Fiscal 2023, and Rs 16,578.79 million for Fiscal 2022, and Rs 7,196.32 million for Fiscal 2021.
The company has experience in executing projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur, Punjab; Heritage Walk at Golden Temple Corridor, Amritsar, Punjab; and fire ramps in specialized steel structures at AIIMS, Delhi.
Competitive Strength
As of June 30 2024, the company has 632 permanent employees and 2129 contract labourers.
Deepak Builders & Engineers India Limited’s revenue increased by 19% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 641.1 | 558.75 | 449.3 | 322.18 | ||||||||||||||||||||||||||||||||||||
| Revenue | 106.34 | 516.74 | 435.46 | 364.99 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 14.21 | 60.41 | 21.4 | 17.66 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 155.81 | 141.25 | 89.35 | 70.34 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 138.23 | 124.22 | 64.66 | 48.84 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 153.17 | 153.04 | 96.57 | 79.65 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Deepak Builders & Engineers IPO is Rs 945.59 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 8.48% |
| ROCE | 8.97% |
| Debt/Equity | 0.91 |
| RoNW | 9.57% |
| P/BV | 4.68 |
| PAT Margin (%) | 13.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.84 | 12.2 |
| P/E (x) | 12.06 | 16.63 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹192 to ₹203 per share |
| Lot Size | 73 Shares |
| Total Issue Size | 12,810,000 shares (aggregating up to ₹260.04 Cr) |
| Fresh Issue | 10,700,000 shares (aggregating up to ₹217.21 Cr) |
| Offer for Sale | 2,110,000 shares of ₹10 (aggregating up to ₹42.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,880,860 |
| Share holding post issue | 46,580,860 |
The Promoters of the Company are Deepak Kumar Singal and Sunita Singal.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.50% |
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