Dilip Buildcon has been declared the L-1 bidder for a major tender by the Narmada Water Resources, Water Supply & Kalpasar Department of Gujarat. The project involves building a flood protection embankment along the Narmada River in Bharuch district. It will be executed under the EPC (Engineering, Procurement, and Construction) model at a cost of Rs 702 crore, excluding GST. The work is set to be completed within 24 months as part of Gujarat's plan to improve flood control. This contract is a standard domestic EPC order with no promoter involvement or related-party dealings. On the stock market, Dilip Buildcon shares closed at Rs 434.95, up 1.02% on Tuesday. The company’s valuation shows a price-to-earnings ratio of 5.01, price-to-sales of 0.62, and price-to-book of 1.34, suggesting relatively low market multiples. Technically, the daily Relative Strength Index (RSI) was 39.7, indicating a neutral to slightly oversold condition. The stock trades below all eight simple moving averages (SMAs), signaling short-term bearish momentum. Financially, the company posted Rs 2,308 crore revenue for the December 2025 quarter, down 12.4% year-on-year. But net profit soared 619.9% to Rs 830 crore, reflecting strong profit growth despite revenue dip. Dilip Buildcon’s recent order wins and improved earnings may keep investor interest alive amid cautious technical trends. (Disclaimer: Views expressed are those of experts and not Economic Times.)