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, fire fighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.

The company’s business can be categorized into the following verticals:

• Construction Projects business;
• Infrastructure Projects business; and
• Sale of products.

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.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Established presence  and  proven  track  record – The  Promoter,  Deepak  Kumar  Singal,  has  been instrumental  in  completion  of over sixty  (60)  Construction  &  Infrastructure    Since  the acquisition of business from Deepak Builders Partnership Firm, the Company has completed seventeen (17) Construction & Infrastructure Projects which majorly includes projects such four (4) hospitals, three (3) Road Projects, six (6) Developmental and other Construction Activity, one (1)Stadium and Sports Complex, one (1)Residential Complex and two (2)Administrative & Institutional building. Of the seventeen (17) projects, it has executed ten (10)projects for the Government of Punjab, one (1) project for Government of Haryana and (6) six projects of the government-controlled entities aggregating to a total value of ₹15,206.14 million.
• Decent order book with a government client base-Its order book for three month period ended June 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, amounts to ₹13,803.89 million, ₹11,126.88 million, ₹16,578.79 million and ₹7,196.32 million, respectively. As on June 30, 2024, our order book consists of twelve (12) Construction & Infrastructure Projects aggregating to the total value of ₹13,803.89 million which includes;  (i)  six  (6)  Construction  Projects  comprising  of  four  (4)  hospital  and  medical  college building projects, one (1) institutional and administrative building projects, one (1) industrial building projects; and; (ii) six (6) Infrastructure Projects comprising of two (2) Road projects and four (4) Railway projects relating to up gradation/development/redevelopment of Railway Station and related work.
• Strong financial performance-The revenue from operations of the Company has grown at a rate of17.98% year-on-year and19.39%, year-on-year in Fiscal 2024 and Fiscal 2023 , respectively, EBITDA has grown at a rate of 122.22% year-on-year and 20.56%, year-on-year  in Fiscal 2024and Fiscal 2023, respectively and PAT has grown at a rate of182.36% year-on-year and21.12%, year-on-year  in Fiscal 2024, and Fiscal 2023, respectively.

Experienced Promoters and Strong Senior Management Expertise- The Promoters and Chairman cum Managing  Director,  Deepak  Kumar  Singal  has  extensive  experience,  significant  knowledge,  and understanding of the business segments in which operates and has been in the construction business for over 30 years with over sixty (60) completed Construction & Infrastructure Projects.

• Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
• Funding of working capital requirements of the company and

General corporate purposes.

At the upper band, the issue is fairly valued within peer group. Hence, investors should apply for handsome rewards in medium to long term.