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Date : Octoberl,2018DILIP BTMDCON LIMITEDINFRASTRUCTURE & BEYONDToTo,BSE LimitedListing DepartmentP.J Tower, Dalal StreetMumbai 400 001Bandm (E), MumbaiStock Symbol - 540047Stock Symbol - DBLNational Stock Exchange oflndia Ltd.Exchange PIaz, C-1, Block GBandraKurla Complex,Sub: Submission of Annual Report for the FinancialPursuantyea-400 051r ZOlT-lEto Reg. 34 of the Securities and Exchange Board of India (Listing obligations and Disclosurerequirements) Regulations, 2015 and other applicable provisions ofthe Companies Act,20l3, pleasefind encloseherewith the Annual report ofthe Company for the financial year 2017-18 which has been duly approvedandadopted by the shareholders in the l2m Annual General Meeting of the Company held on Friday,Seftember ze,20r 8.We hereby request you to take the above information on your record.With regards,For and on behalfof\LDDilip Buildcon LimitedJoCOI\,JPANYSECRETARYr'JaOPAbCompanryEncl: Annual Report of the Company for the financial year 2017-1g,A9At{Z,CIN No. L45201MP2006P1C018689C-ISO 9001:2qr8Regd.ffice:Plot No. 5, Inside Govind Narayan Singh Gate,Chuna Bhatti, Kolar Road, Bhopal - 462 016 (M.P)Ph. : 0755-4029999, Fax : 0755-4029998E-mail : db@dilipbuildcon.co.in, Website : www.dilipbuildcon.com
Annual Report2017-18FoundationLaid ForThe FutureDILIP BUILDCON LIMITED1
foundation laidfor the futureConsolidating our strengths toincrease market position and mark thenext level of growth which could nothave been possible without systems,and processes2FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
India as a country has grown leaps and bounds and we feel this is very early for India, as there is immenseinfrastructure still to be built given its growing ambitions. With numerous projects being awarded, there isimmense opportunity to be tapped.Dilip Buildcon Limited (DBL) takes immense pride in its in-house execution capabilities. Our unique modelof operation which is based on careful selection of projects, clustering, minute tracking, vertical integration,equipment ownership and dedicated full-time employees have helped us become the fastest growinginfrastructure company in India. DBL has built its reputation for itself which is second to none in thiscountry.Our foundation is based on four major ILIP BUILDCON LIMITED3
EMPLOYEESLargest employer in theRoad constructionindustry with32,093Accommodation for On-SiteEmployeesDrivers and operatorsundergo extensive trainingson equipment operation andmanagement. In FY18,Financial Support forEmployees and Familieswere trained by DBL’s globalpartners.employees4Shuttle Services for DailyCommute2,000 employeesTrainingSurveySkill IndiaOEMThree Catered Meals A Day for32,093 EmployeesCATIBM WCMHealth and Accident Insurancefor Employees and FamiliesMetsoTechnicalIBM SAPTraining Programs by GlobalPartnersKOELKirloskarFOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
EQUIPMENT’SLargest owner ofConstructionequipment’s9,998vehiclesEnsures availability,quick mobilization,control over executionEliminate delays and cost overruns due to untimely breakdowns or s fleet to ensure spareparts availability and significantsavings in procurement andmaintenanceManned by trained full timeemployees for maximumefficiencyGPS installedon allequipment’sfor trackingIn-houserepair andmaintenanceto ensureavailabilityDILIP BUILDCON LIMITED5
ExperienceExcellent executiontrack record of100 Projects15,000Laidkilometres of roads,since inceptionover the lifetime ofthe company6Business modelVertically integratedCompany with nosub-contractingDiversified areasof operationRoads, brides,buildings, dams,canals, watersupply & miningFOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18Currently executing 90% ofprojects before timeEarly executors ofa DAM Project
TechnologyBest Technology for the Best OutcomesProcess and system driven company with highreliance on latest technology to make quantumimprovements in all key areas of work thereby making Dilip Buildcon Limited a technologyleader in this sectorTie-up withIBM for DigitalTransformation- SAP (HANA),Cloud Servicesand OperationalExcellenceDrone MonitoringGPS MonitoringSustainable Construction PracticeGeo GreenSoil StabilizationManufacturing SandRe-Using MilledMaterial in Road BasesDILIP BUILDCON LIMITED7
Forward-looking statementsIn this annual report, we have disclosed certain forward-looking information to enable investors to comprehend our prospects and take informed investment decisions.This report and other statements - written and oral - that we periodically make certain forward-looking statements that set out anticipated results based on themanagement’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’,‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-lookingstatements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and eveninaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actual results could varymaterially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no obligation to publicly update any forward-lookingstatements, whether as a result of new information, future events or otherwise.8FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
0102An introduction to the report covering who we are, theChairman’s reflections on the year, the differentiatedbusiness model, notable events, our history,managements thought process and where and how wedo business.An explanation of how we are organised, what theBoard has focused on and how it has performed,how we communicate with our shareholders andhow our Directors are rewarded.Corporate Overview10Corporate overview12Milestones14Board of directors17Leadership and execution Team18Management’s Thought Process20Chairman’s Message22CEO’s Message24Successful Business Performance26Business Model27Strategy28Innovation Focussed30Backward Integration32Committed to Create a Difference(CSR)34Pan India Project ExecutionCapability35Corporate InformationStatutory Reports36Management Discussion & Analysis48business responsibility report59notice of agm92Directors Report162Report on corporate governance03Financial StatementsThe statutory financial statements of the Groupand the Company and associated audit reports.Standalone178Independent Auditors Report184Balance Sheet185Statement of Profit & Loss186Cash Flow Statement189Notes to Financial StatementsConsolidated234 Independent Auditors Report238 Balance Sheet239 Statement of Profit & Loss240 Cash Flow Statement243 Notes to Financial StatementsDILIP BUILDCON LIMITED9
CorporateOverviewPan India presence17 statesRevenue growth5 yearsCAGR of32.14%Verticallyintegrated with Nosubcontracting,and use oftechnology10FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18Diversified areasof expertiseRoads, bridges,buildings, dams,canals, watersupply & mining
Largest owner ofConstruction equipment’sLargest employer inconstruction industry9,99832,093employeesBest project executors 90% projectsbefore timeEarly completionbonus 2012 to 2018 4,047 mnDILIP BUILDCON LIMITED11
Formation of a small,Bhopal - basedconstruction firmcalled Dilip Builders toexecute small urbandevelopment projectsAwarded our firstmajor project asEPC contractors forAnsal Housing. TheDelhi-based panIndia developer wasconstructing the largestprivate residentialproject in Bhopal. Afirst of its kind project,the premium housingcomplex is comprisedof 180 flats and 24duplexes19871993Won a competitive bidto construct India’slargest OIL PSU,Indian Oil CorporationLimited’s MadhyaPradesh corporateofficeBought our first stonecrusher as part of ourbackward integrationstrategy. This was thefoundation for buildingour strong fleet andcreating a marketdifferentiator. Soonafter, we also boughtour first excavator andtruckExpanded operationsbeyond Bhopal. Firststop was Rajgarh(MP), where we builta hospital for INR 56lakhs for the Red CrossSociety1995199619971999200320062007Took on multiple office,residential and road projectsin Rajgarh, MP. We built acomposite building, valuedat INR 4 cr, for PWD MP,completing the project onscheduleAs opportunities in the roadsector increased in MadhyaPradesh, we entered thesector by working on 5 - 6road projects in MP valuedbetween INR 2 - 3 cr eachWith an ambition to becomea leading player in the EPCsector, Dilip Buildcon wasincorporated as a privatelimited companyDilip Buildcon acquired DilipBuilders along with all assetsand liabilities on 1st April2007. The company’s typicalproject size also increasedto INR 1,150 mn with Ratlam- Jawra. Dilip Buildconcompleted the project 8months before the scheduledtime and received an INR 50mn bonus12A flagship project at the timewas the Narsingarh - Boda2 - lane 45 km highwaycommissioned by PWD MP,valued at INR 3.16 crFOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
Forayed outside ourhome state for thefirst time with roadprojects in HimachalPradesh (HP). In HP,we constructed 2 roadprojects. The projectsreceived an award forearly completion fromthe World BankStrategically, westarted making theshift to become a fullWon our largestWon our largestservice infrastructureEPC project to date;EPC project to date;player. The first sectorwe entered was Urban4-laning Ahmedabad 4-laning Ahmedabad Development withGodhra NH - 59 bridgeGodhra NH - 59 bridgeproject in Gujaratproject in Gujaratthe Mardanpur Waterwith a project valuewith a project valueSupply project awardedof INR 10,189.9 mn.of INR 10,189.9 mn.by the Jal Vikas NigamThe project was 4X the The project was 4X the MP, the project wastypical value of projects typical value of projects valued at INR 2,300 mnthe company hadthe company hadand was completed inundertaken before that undertaken before that June 2016The Central and StateGovernments visionfor river linking andirrigation gave usthe impetus to enterthe Irrigation sector.The first projectin the sector is theMohanpura MajorMultipurpose project.We expanded ourpresence in the sectorwith the Bahuti Canalproject in MP200920102014201220132015201620172018Continuing with our strategyto become a full-serviceinfrastructure player, DilipBuildcon entered Miningsector with an INR 1,045mn contract for NigahiOCP of NCL in Singrauli,Madhya Pradesh. Thestrategic move was madebased on India’s increasingpower requirement and theGovernment of India’s statedgoal of increasing output andreducing coal importDBL goes public with thepromise of increasingshareholder value. The IPO is22 times oversubscribed andis greeted at Dalal Street witha celebration.DBL achieves a milestonewith INR 51,091 mn inrevenue in FY16-17, exhibitinga 25% growth from FY1516. We are leveraging ourexpertise to make a markin allied sectors as well andderisking our business modelthrough diversification. Onthe back of our executionprowess, we has startedtaking on complex and iconicprojectsDBL achieves a top line ofINR 77,614 mn in FY17-18registering a growth of 52%from FY16-17. The companyhas grown to a team of32,000 employees and hasacquired a 9,998 strong fleetDILIP BUILDCON LIMITED13
Board of DirectorsDilip SuryavanshiChairman & MDSeema SuryavanshiExecutive DirectorDevendra JainExecutive Director & CEOQualificationBachelor’s degree in civilengineering from the University ofJabalpurQualificationBachelor’s degree in arts (honours)from Ranchi Women’s CollegeQualificationBachelor’s degree in civilengineering from VikramUniversity, UjjainProfessional CareerHe has over 34 years of experiencein the business of construction.He is currently the President ofthe Madhya Pradesh BuildersAssociation. As the ManagingDirector of our Company, he liaiseswith various departments of thegovernment and also overlooksprocesses including tendering,bidding and planningthe projects.14Professional CareerShe has over 19 years ofexperience in the businessof construction. She activelyparticipates in finance, investmentand various Company affairs as aco-ordinator between executionand administrative wing of ourCompany.FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18Professional CareerHe has over 19 years of experiencein the business of construction.He looks after projectimplementation along with thequality of work and ensures timelycompletion of the projectsundertaken by our Company.
Board of DirectorsMalay MukherjeeIndependent DirectorsVijay ChhibberIndependent & Non-ExecutiveDirectorAditya Vijay SinghIndependent & Non-ExecutiveDirectorQualificationMaster of Science (Physics)QualificationMasters in History,St. StephensCollege,Delhi University(1977),Alumni of the NationalDefence CollegeQualificationBachelor’s degree, science inphysics honoursProfessional CareerHe has over 40 years of variedexperience and skills in the fieldsof Banking, NBFC includingVenture Funding, Factoring andBroking. He has worked on variouskey assignments like Chairman ofthe Board of IFCI Factors Ltd, IFCIInfrastructure Development Ltd,Tourism Finance Corporation ofIndia Ltd, IFCI Financial ServicesLimited & Executive Directorin Central Bank of India and amember of the Governing Body ofEntrepreneurship DevelopmentInstitute of India (EDIIJ),Ahmedabad.Professional CareerHe is a former IAS officer of the1978 batch of Manipur-TripuraCadre & has worked on several keyassignments in the Govt. of India.He is a retired Civil Servant withover 37 years of Public Service inthe Indian Administrative Servicesand has served as Secretary ofMinistry of Road Transport andHighways with additionalcharge of Chairman, NationalHighways Authority of India andwas instrumental in many pathbreaking initiatives of the Ministry.Professional CareerHe has over 40 years of experiencein government services and stateand public-sector undertakings.He retired as the Chief Secretary,Madhya Pradesh. He was alsothe Chairman of Narmada ValleyDevelopment Authority and as theState Election Commissioner ofthe Madhya Pradesh.DILIP BUILDCON LIMITED15
Board of DirectorsAmogh Kumar GuptaIndependent & Non-ExecutiveDirectorAshwini VermaIndependent & Non-ExecutiveDirectorSatish Chandra PandeyIndependent & Non-ExecutiveDirectorQualificationMaster’s degree in public healthengineering from Maulana AzadCollege of Technology, BhopalQualificationDiploma in civil engineering fromthe Madhya Pradesh Board ofTechnical EducationProfessional CareerHe has over 32 years of experiencein the field of architecture andinterior designing. He is a partnerof Amogh Kumar Gupta andAssociates. He has previouslyworked with the EnvironmentalPlanning & CoordinationOrganization Bhopal and the TownPlanning Cell of Narmada ValleyDevelopment Authority, Bhopal.He has been appointed asChairperson of the Board ofGovernors of School of Planning& Architecture, by Departmentof Higher Education, Ministry ofHuman Resource Development,GOI.Professional CareerAssociated with DBL since2014, he has over 27 years ofexperience in architectural andsite engineering services. He isa partner of AV & Associates. Hehas previously worked in variouscapacities in Gawali & Associates,Architects and Engineers, Waseem& Associates, Pradeep K. Saxena& Associates and HarekrishnaColonisers Pvt. Ltd. He has aDiploma in Civil Engineering fromthe Madhya Pradesh Board ofTechnical Education.QualificationBachelor’s degree in civilengineering fromGovernment College ofEngineering &Technology, Raipur16FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18Professional CareerHe has previouslyworked with the PublicWorks Department,Government of MadhyaPradesh for 38 years.
Leadership TeamBharat SinghPresidentRohan SuryavanshiHead - Strategy &PlanningKaran SuryavanshiHead - BusinessDevelopmentRaja GhoshCFOAbhishek ShrivastavaHead CS &Compliance OfficerExecution TeamRadhey ShyamGargVice PresidentFinanceAtul JoshiAssociate VicePresident –StructureDevesh SharmaDGM – LegalPradeep HarelGM – MechanicalArun Kumar KAVP Design &TechnicalNitesh KumarSharmaGM – Billing &PlanningBadal ChandraSardarGM – Survey &DesignNitin Shrivastava B. B. KameshwaraAssociate ViceRaoPresident – Bidding GM – QA&QC& ContractsP. MarimuthuMr. Ajay KumarGM – System Admin Mishra& Fuel MonitoringPresident - ContractManagementDILIP BUILDCON LIMITEDKamalakantaMahakulGM – HR17
WHAT ARE WECONSTANTLYTHINKING?MANAGEMENT’s THOUGHT PROCESSBag good projects at good rates acrosssectors where we see future opportunityExecute projects with our own employeesand equipment’sMonitor and improveefficiency acrossproject sites by usingSAP, Drones, GPS18FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
Foster a unique culturewhich brings out the best inthe employeesBe a focussed EPC CompanyGrow our business withsustainable marginsReduce Debt & improveCredit RatingsHow to be the best fullservice infrastructurecompany in the countryDILIP BUILDCON LIMITED19
Chairman’s MessageAligning with India’s VisionDear Shareholders,The management at Dilip BuildconLimited is pleased to present thesecond financial report of yourCompany following its initial publicoffering in August 2016.The numbers that we reportedduring the year under review area testament to our competitiveadvantage and long-termsustainability. We like to seeourselves as an execution-drivencompany on one hand and anopportunity responsive companyon the other, taking part in India’sgrowth story.India as a country has grown leapsand bounds and we feel this isvery early for India, as there isimmense infrastructure still tobe built. Today we are evaluatingoptions across various sectors in theinfrastructure space whether it isroads & highways, irrigation, urbandevelopment, mining, metros,and railways. We would like to bewherever there is construction inany form.I continue to be a big believer inIndia’s transformation phase andas we keep growing, infrastructurerequirement is only going to belarger and that’s where we seeourselves playing a more prominentrole.20This year was one of the mostimportant year for our company formany reasons:We take immense pride in ourin-house execution capabilities,which we believe are the bestin the industry. Our focuswill always be on executionof projects in hand. This is astrength for which the companyis known for. A good way tounderstand this or maybe todemonstrate this is by sharinga small fact of the Governmentsstated target of 25 km a day ofconstruction. Dilip Buildconis building a little over 15% ofit on its own. So this is a hugemilestone for any company tobe accounting for that big of agovernment’s target.Since our incorporation in1987, we have laid 15,000kilometers of roads, with 8,000km having been completed injust the past five years. Thisis the maximum built by anyconstruction company in India.This year we completed ourfirst Dam project (MohanpuraMajor Multipurpose Dam)worth 4,159 Mn before timewhich was inaugurated on 23rdJune by the Hon’ble PrimeMinister Shri Narendra Modi.FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18This marks another milestonefor the company by executinga non-road project before timeby showcasing our executioncapability across differentbusiness verticals.India’s power needs are goingto be immense in the future anda lot of the natural resourcesin India are still not utilizedcommercially. We saw this asan opportunity and forayedinto the mining segment duringJune 2016. Our Mining revenueshave grown at a healthy CAGRof 48% since then.We tied-up with IBM forDigital Transformation - SAP(HANA), Cloud Services andOperational Excellence. SAPimplementation is completedand the system is live now.This reiterates our belief beinga process and system drivencompany with high reliance onthe latest technology to makequantum improvements inall key areas of work therebymaking Dilip Buildcon atechnology leader in this sector.It gives me immense pleasureto restate the historic andlandmark deal Dilip Buildconwas able to achieve with
We like to see ourselves as an execution drivencompany on one hand and an opportunity responsivecompany on the other, taking part in India’s growthstory.Shrem Group, which was acommitment that we had madeduring the IPO days. This wasthe largest road constructiondeal worth 10,500 crs andsuch a large portfolio weresold at one go. We showcasedour ability to sell off underconstruction assets to aninvestor in a market situationwhich has a lot of constructedassets for sale. Selling of oldroad projects allows us tofocus and grow EPC businesshaving higher margin.We are continually striving toenhance value for investors. Thetrust that our stakeholders place inus is at the heart of this. We havean approach of providing regularand stable payouts to investors.Consistent with this approach, wehave recommended a dividend @10% i.e. 1.00 per equity share of 10/-each for the financial year endedMarch 31, 2018. The value that acompany creates for its stakeholdersis not just financial but also social,environmental, intellectual andhuman. For example, investing inemployee skilling and development,organizing safety awareness camps,providing education. Our workin school education, communitycare, and ecology enhance socialand natural capital. Our agendais not just limited to buildinginfrastructure rather nationbuilding. Social value are alsocreated when companies engagewith its communities and work onsome of society’s most pressingissues. It creates environmentalvalue by being more ecologicallysustainable.Let me end by thanking all theshareholders for their supportand encouragement duringthe year, for the trust andfaith that you repose in us.Very Sincerely,Dilip SuryavanshiChairman and MDDILIP BUILDCON LIMITED21
CEO’s MessageExcelling In ExecutionDear Shareholders,India’s economy maintained itsstrong growth in FY 2017-18 - theGross Domestic Product growth was6.7%, with a solid 7.7% expansionin the last quarter of the year. Withthe ‘One Nation, One Tax’ GSTadministration being executed, andgradually stabilising by the secondhalf of the year, the economysaw an upsurge in investments,consumption, and in additiongovernment spending. Due to aseries of policy initiatives, Indiamoved into the world’s Top 100nations in terms of ease of doingbusiness. The nation likewise heldits situation as a favored destinationfor foreign capital, with gross foreigndirect investments inflows of 64.6bn in 2017.Infrastructure OpportunityOver the years, the speed ofroad construction had becomethe benchmark for India’sinfrastructure creation. Now, thepresent government has set in playa new integrated infrastructureprogramme, which involvesthe building of roads, railways,waterways, and airports.The road industry has not had thisgood ever. This year, we have seenrecord order inflows even higherthan last year! So, we are in a verygood space. The road sector in India22is rapidly scaling new heights withthe highest ever project awardingof 7,400 km worth 1,220 bn in FY2017-18. Out of the total projectsawarded in FY 2017-18, 3,791km length was awarded on EPCmode at a cost of 430 billion and3,396 km was awarded on HybridAnnuity mode at a cost of 765billion and 209 Km on Toll modeat a cost of 25 billion and roadconstruction touching 9,829 km inFY18 as compared to 8,231 km builtlast year, registering an executiongrowth of 19%. This momentumhas picked up pace after theOctober 2017 announcement of theBharatmala scheme. NHAI chairmanhas guided for awarding 8,000 kmin FY19.The long-term outlook for theinfrastructure sector appearspositive on the back of majorinvestment expected both from theGovernment and Private sector. Ourlong and impressive track record,diversified project mix and strongorder book indicate well for theCompany. There will always be newchallenges and new hurdles, butwe are geared to capitalize on theopportunity that each such situationwill usher in.Performance for the yearWe have had another year of recordperformance. For FY 2018, thecompany has delivered 51.91%FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18growth in revenues at 77,614 Mnas compared to 51,091 Mn in theprevious year. This resulted in a41.31% growth in EBITDA from Rs.10,037 Mn to 14,183 Mn. Profitafter tax increased by 71.86% to Rs.6,206 Mn as compared to 3,611Mn in the previous year. Net Debt/Equity ratio as at March 31, 2018, ona standalone basis, stood at 1.20. 77,614 MnTotal Revenue 6,206 MnPATOrder book, which is the backboneof your company, stood at 238,881Mn, which represents an increaseof 36% over the correspondingprevious year. This robust OrderBook position provides yourCompany with multiyear forwardvisibility on Revenues and Margins.Your Company is widening itsgeographic footprint, by activelyforaying into different statesadopting a cluster approachto bid for projects. We achievehigher efficiency and profitabilitythrough project clustering. Nationalfootprint also allows us to tide overany seasonally weak quarter.Our strategy is not focused solely
on order book addition but, rather,on adding quality projects withpotentially higher margins. Bydiversifying our skill set and orderbook across different business andgeographical regions, we are ableto pursue a broader range of projecttenders and therefore maximize ourbusiness volume and contract profitmargins. We entered into differentsegments where we saw futurebusiness potential, equipment wasfungible, leveraging our existingstrengths and where we felt itgeographically collaborated.Our mission continues to be tocomplete each project beforetime by optimally utilizing ourtechnological strengths and domainexpertise. The overall operationalcapabilities and competence inexecuting large-scale infrastructureprojects have enabled theCompany to emerge as largest roadConstruction Company in India.This year we completed 7 projectsbefore time translating into earlycompletion bonus of 877.92 Mn.We will continue to leverage ourinherent strengths and expand ourhorizons to capture a larger shareof the infrastructure opportunityand be seen as a preferredinfrastructure partner. Our passion,professionalism, and perseverancegive us an exceptional futureoutlook. Our objective is to driveinnovation across each aspect of ourbusiness and make that an integralpart of a sustainable approach.We are hopeful that the currentissues that the industry is facing,related to bank lending, landacquisition, and other multipledisputes will be progressivelysolved, as the Governmentboards on its ambitious agenda ofinfrastructure creation. We have apromising roadmap ahead giventhe economic potential of India andthe intent of the government, bothat a vision level and seriousness ofimplementation from a regulatorystandpoint.We will continueto leverage ourinherent strengthsand expand ourhorizons to capturea larger share ofthe infrastructureopportunity and beseen as a preferredinfrastructurepartnerI see the existing optimism in theinfrastructure sector continuing inthe coming years.In conclusion, I would like to thankmy fellow Board Members and otherstakeholders who have collectivelyenabled sustainable andprofitable growth of thebusiness.Very Sincerely,Devendra JainExecutive Director& CEODILIP BUILDCON LIMITED23
Successful BusinessPerformanceRevenue( in Mn)77,614fy 1851,091fy 1741,011fy 1626,301fy 1523,224fy 14EBITDA( in Mn)14,183fy 1810,037fy 178,150fy 165,716fy 154,766fy 14PAT( in Mn)6,206fy 183,611fy 172,205fy 161,447fy 151,951fy 14Networth( in Mn)24,570fy 1818,529fy 1710,621fy 16fy 15fy 14248,7307,284FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
Net Debt To EBIDTA(Times)3.422.952.442.291.99fy 14fy 15fy 16fy 17fy 18Net Debt/Equity(Times)fy 181.201.31fy 172.20fy 16fy 152.00fy 142.00Asset Utilisation4.243.642.892.21fy 14fy 15fy 163.04fy 17fy 18Order Book( in Mn)238,881*fy 18175,683fy 17107,787fy 1674,747fy 1551,609fy 14*Excluding GSTRONW & ROCE (%)30.825.7fy 14(Times)18.219.5fy 1525.2519.422.420.0fy 1622.8419.5fy 17RONWROCEfy 18DILIP BUILDCON LIMITED25
Project Selection and ManagementBusiness ModelCost-effectiveprocurementEquipmenttracking andmanagement forefficiencyRobust contractManagementProject tracking tominimize delaysEquipmenttracking andmanagement forefficiencyEfficient projectplanning andmanagementCarefulselectioncriteriaClustering forefficiency &profitabilityDifferentiated Business Model,focusing on roads and governmentcontracts with equipmentownership, skilled manpower,minimal subcontracting andbackward integration26FOUNDATION LAID FOR THE FUTURE ANNUAL REPORT 2017-18
Business FocusStrategyFocus on road EPC for government clients.Investment in equipment bank, process and control.Attract and retain talented employees.Opportunistically divest BOT assetsDe-Risk business throughdiversificationGeographical DiversificationSegment DiversificationAdhere to geographical clusteringstrategyContinuing focus on driving operatingefficiencyOn time deliveryFurther enhance execution efficiency through innovationStrengthen IT systems and other internal processesFinancial PerformanceProfitability through better project selection , timely executionand strict cost controlDeleverage balance sheet to improve returnsFocus on cash flow generationDILIP BUILDCON LIMITED27
INNOVATION FOCUSEDDrone MonitoringDrones and UAV are emerging technologiesused to reduce project time, improvesafety and control project costs. UAVis used to collect engineering data at aconstruction site. With a high-qualitycamera and inbuilt gyro stabilization,the camera gives pin sharp images andGPS Monitoring4K videos. Drones monitor progress atsite, potential safety hazards, computeGlobalPositioningSystem(GPS)volumetric calculation, and keep pilferagetechnology is used to track machinea
Date : October l, 2018 To BSE Limited Listing Department P.J Tower, Dalal Street Mumbai 400 001 DILIP BTMDCON LIMITED INFRASTRUCTURE & BEYOND To, National Stock Exchange oflndia Ltd. Exchange PIaz, C-1, Block G BandraKurla Complex, Bandm (E), Mumbai - 400 051 Regd. ffice: Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal - 462 016 (M.P)
