Deepak Builders & Engineers India Ltd - Stock Valuation and Financial Performance

Deepak Builders & Engineers India Limited was originally incorporated as ‘Deepak Builders & Engineers India Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated September 11, 2017 issued by the Registrar of Companies, Central Registration Centre on behalf of Jurisdictional Registrar of Companies. The company then acquired the business of M/s. Deepak Builders, a partnership firm, vide a Business Takeover Agreement dated March 1, 2018. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by its shareholders at an extraordinary general meeting held on May 25, 2022 and a fresh certificate of incorporation dated October 12, 2022 was issued by the Registrar of Companies, Delhi, recording the change in the name of the Company to ‘Deepak Builders & Engineers India Limited’.

Deepak Builders & Engineers India an integrated engineering and construction company, specializing in execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial building, historical memorial complex, stadium and sports complex, residential complex and various developmental and other construction activity (Construction Projects). While its primary focus and strength are deeply rooted in Construction Projects, it has diversified in undertaking specialized structural work such as flyovers, rail under bridge, rail over bridges, approach roads and development and redevelopment of railway stations (Infrastructure Projects). It undertakes Construction & Infrastructure Projects both, as EPC services on a fixed sum turnkey basis as well as on an item-rate basis/percentage basis. 

As an engineering and construction company, it has a proven track record of executing turnkey projects comprising of architectural & structural work, civil works, HVAC, Mechanical Electrical & Plumbing (MEP) works, firefighting & fire alarm systems, public health services, information technology system, modular operation theatre, medical gas pipeline systems and external development work, including landscaping work. 

Business area of the company

The company is engaged in the business of Construction Contract Works and Construction of Infrastructure Facilities including Hospitals, Flyovers / Bridges / ROB / RUB, Roads, Buildings etc.

History and milestones

• 2018: Business Takeover Agreement dated March 1, 2018 was entered for takeover of business of M/s Deepak Builders, a partnership firm.
• 2018: Business of M/s Deepak Builders, partnership firm, was taken over with effect from March 31, 2018.
• 2018: Expanded its geographic reach to the Northern State of Haryana by entering into a construction project of flyover with underpass and service roads at Atul Kataria Chowk (Old Delhi - Jaipur Road), Gurugram, Haryana amounting Rs 477.0 million.
• 2019: Secured construction project of Advanced Neurosciences Centre at PGIMER having contract value amounting to Rs 2,042.63 million.
• 2021: Secured construction project of National Institute of Ayurveda, Panchkula, Haryana having contract value amounting to Rs 2,002.45 million.
• 2022: Conversion of the Company to a public limited company. 
• 2022: Completed the Geriatrics Block in AIIMS Campus project amounting to Rs 2,243.20 million.
• 2022: Secured its first industrial building order worth Rs 5329.59 million to construct the Plant building at the refinery of Indian Oil Corporation, Panipat.
• 2022: Secured  major  redevelopment  /  development  of  3  railways  station  having  total contract value of Rs 8,089.72 million.
• 2022: Secured  its  single  largest  order  from  railways  worth  Rs  4,729.46  million  to redevelop Ludhiana Junction Railway Station.
• 2023: Completed International Cricket Stadium, Chandigarh worth Rs 1,401.20 million.