Y.H. Dimri Construction & Development Ltd — Cyborg Score 7/10

Strong
Real Estate Development & Residential Construction

Strategic Profile

Dimri has reached the rank as the #1 company for residential development and construction nationwide and enjoys a sterling reputation with one of the strongest financial positions within Israel's residential real estate industry. The company's market cap of NIS 7 billion made it the only construction company currently included in TASE's prestigious TA-35 Index. The company considers urban renewal to be a major growth driver with significant potential.

Cyborg Score Rationale

Profit has grown 24.1% over the past year and 20.6% per year over 5 years, demonstrating consistent operational momentum. As of September 2024, the company owned land for construction of about 35,905 apartments, with 3,839 under construction and significant reserves, providing strong revenue visibility. However, valuation concerns exist with DCF models suggesting fair value far below current market prices.

Top Insights

  • Dimri became a public company and joined TASE in May 2004 with a share value of NIS 200 million, growing to current market cap of NIS 7 billion
  • The company is among the first companies who entered urban renewal with tens of thousands of apartments and views urban renewal as a major growth driver
  • Dimri has decided to serve as contractor for all its own projects, enabling full responsibility for construction quality
  • International operations include land in Czech Republic for about 150 apartments and in Romania for about 5,000 apartments

Named Competitors

  • Residential Development & Construction — Competing residential developers in Israeli market
  • Urban Renewal (Tama 38) Projects — Urban renewal and densification projects
  • Commercial & Mixed-Use Development — Office, commercial and hospitality construction

Recent Developments

  • (January 2026) Private placement of 30,500 common shares at ₪374.981 each, raising approximately ₪11.4 million, with Menora Mivtachim Holdings Ltd as investor
  • (2024) In first half of 2024 garnered revenues of close to NIS 1 billion with 300 employees
  • (2024) Inclusion in TASE's TA-35 Index as the only construction company in the flagship index

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