Dilip Buildcon vs Ahluwalia Contracts India: Share Price, Comparison and Key Differences
- August 11, 2026
- Posted by: Neeraj Pandey
- Category: News
Dilip Buildcon MCap Rs 7,303 Cr, PE 5.22x, ROE 8.22%, D/E 1.18. Ahluwalia Contracts India MCap Rs 5,520 Cr, PE 20.76x, ROE 12.91%.
Dilip Buildcon vs Ahluwalia Contracts India is a comparison construction investors look up when evaluating two listed Indian EPC contractors in road and civil segments. Dilip Buildcon Limited (DBL) is a Bhopal-based roads and civil infrastructure EPC contractor building national and state highways under HAM (Hybrid Annuity Model), EPC and BOT models. Ahluwalia Contracts India is a Delhi-based civil construction company specialising in building construction, institutional buildings (hospitals, universities, airports), factories and industrial facilities. Dilip Buildcon vs Ahluwalia Contracts cover different construction segments – roads versus buildings.
This Dilip Buildcon vs Ahluwalia Contracts India article covers reach and market position, key products, latest declared results and stock valuation. The Dilip Buildcon vs Ahluwalia Contracts India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Dilip Buildcon vs Ahluwalia Contracts India: Reach and Market Position
On the Dilip Buildcon side of the Dilip Buildcon vs Ahluwalia Contracts India comparison, Dilip Buildcon executes large national highway and expressway projects across India under HAM and EPC models. Market capitalisation is Rs 7,303 Cr.
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On the Ahluwalia Contracts India side of the Dilip Buildcon vs Ahluwalia Contracts India comparison, Ahluwalia Contracts builds institutional and commercial facilities – AIIMS hospitals, educational campuses, airports and industrial buildings – across India. Market capitalisation is Rs 5,520 Cr.
Dilip Buildcon vs Ahluwalia Contracts India: Key Products and Business Mix
In the Dilip Buildcon vs Ahluwalia Contracts India product comparison, Dilip Buildcon offers: Dilip Buildcon earns from road HAM annuities, EPC project revenues and road BOT toll collections. EPS is Rs 86.08. PE is 5.22x (very cheap!), ROE 8.22 percent, D/E 1.18.
For Ahluwalia Contracts India in this Dilip Buildcon vs Ahluwalia Contracts India breakdown: Ahluwalia Contracts earns from civil building construction contracts from government and institutional clients. EPS is Rs 39.69. PE is 20.76x, ROE 12.91 percent, D/E 0.04.
Dilip Buildcon vs Ahluwalia Contracts India: Latest Results
The Dilip Buildcon vs Ahluwalia Contracts India results for Dilip Buildcon: Dilip Buildcon has a market cap of Rs 7,303 Cr and PE of 5.22x – one of the cheapest PEs in listed Indian construction. D/E of 1.18 reflects its HAM equity investments. Dilip Buildcon is 1.3 times larger than Ahluwalia.
The Dilip Buildcon vs Ahluwalia Contracts India results for Ahluwalia Contracts India: Ahluwalia Contracts has a market cap of Rs 5,520 Cr and PE of 20.76x. ROE is 12.91 percent with near-zero debt (D/E 0.04). Ahluwalia is a clean-balance-sheet building contractor.
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Dilip Buildcon vs Ahluwalia Contracts India: Stock and Valuation
The Dilip Buildcon vs Ahluwalia Contracts India stock comparison uses the latest available market data from Groww. Investors tracking Dilip Buildcon vs Ahluwalia Contracts India should verify current prices on NSE or BSE before trading.
Dilip Buildcon vs Ahluwalia Contracts at current valuations: Dilip Buildcon trades at Rs 7,303 Cr market cap, PE 5.22x, ROE 8.22 percent, D/E 1.18. Ahluwalia trades at Rs 5,520 Cr market cap, PE 20.76x, ROE 12.91 percent, D/E 0.04. Dilip Buildcon is dramatically cheaper on PE but has higher debt. Ahluwalia has a higher ROE, much lower debt but is more expensive on PE.
Dilip Buildcon vs Ahluwalia Contracts India: Quick Comparison Table
The Dilip Buildcon vs Ahluwalia Contracts India comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Dilip Buildcon | Ahluwalia Contracts India |
|---|---|---|
| Sector | Road and highway EPC (HAM + EPC + BOT models) | Building construction: hospitals, campuses, airports, factories |
| Market Cap | Rs 7,303 Cr | Rs 5,520 Cr |
| P/E Ratio | 5.22x (very cheap) | 20.76x |
| ROE | 8.22% | 12.91% |
| Debt to Equity | 1.18 | 0.04 |
| Profitability | Profitable but high debt | Profitable, clean balance sheet |
| Dividend | 0.22% | 0.08% |
Conclusion
The Dilip Buildcon vs Ahluwalia Contracts India comparison above covers the key data points on reach, products, results and valuation. Dilip Buildcon vs Ahluwalia Contracts India covers road HAM infrastructure versus building construction. Dilip Buildcon’s very cheap PE (5.22x) reflects market concerns about debt levels and HAM project execution. Ahluwalia’s clean balance sheet and higher ROE justify its premium PE. Dilip Buildcon vs Ahluwalia investors should review order inflows, debt levels, HAM equity requirements for Dilip and new building order wins for Ahluwalia. Dilip Buildcon vs Ahluwalia Contracts India represent contrasting construction risk-return. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Dilip Buildcon do?
Ans. Dilip Buildcon (DBL) constructs national highways and expressways across India under NHAI’s HAM (Hybrid Annuity Model), EPC and BOT contracts. It is one of the largest road contractors in India by lane km completed.
What does Ahluwalia Contracts do?
Ans. Ahluwalia Contracts builds large-scale institutional and commercial buildings – AIIMS hospitals, IIT campuses, airports, hotels and factories – for government and private sector clients across India.
What is the HAM model?
Ans. HAM (Hybrid Annuity Model) is NHAI’s road project model where the contractor builds the road, contributes 40 percent of project cost as equity, and receives annuity payments over 15 years plus a 60 percent construction period grant from NHAI.
Why is Dilip Buildcon PE so cheap?
Ans. Dilip Buildcon’s PE of 5.22x reflects market concerns about its HAM equity funding requirements, debt levels and execution challenges in large road projects. Value investors often look at such low-PE construction stocks.
Does Ahluwalia have debt?
Ans. Ahluwalia Contracts has near-zero debt (D/E 0.04) – making it a rare debt-free or near-debt-free construction company. Its building construction model does not require large upfront equity investments like HAM road projects.
Which is larger, Dilip Buildcon or Ahluwalia?
Ans. Dilip Buildcon at Rs 7,303 Cr is approximately 1.3 times larger than Ahluwalia Contracts at Rs 5,520 Cr.
Are Dilip Buildcon and Ahluwalia in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
