What Dana Brata Luhur does

Dana Brata Luhur is an Indonesia-based infrastructure construction company headquartered in Jakarta. Founded in 2008, the company is publicly listed on the Indonesia Stock Exchange under the ticker symbol TEBE and operates through its corporate website at tebe.co.id. It operates in the for-profit infrastructure construction sector and reports a direct workforce in the 251-500 employee band, which is consistent with a contractor model that relies substantially on subcontracted labor for project execution.

The company's revenue base has been historically large by Indonesian contracting standards, with reported top-line figures in the tens of trillions of Indonesian Rupiah across 2021-2025, peaking at IDR 50.4 trillion in 2022. Margins have remained structurally high across the period, with EBITDA margins ranging from approximately 39% to 60% of revenue and EBITDA in some years exceeding reported gross profit, indicating meaningful depreciation, amortization, or non-cogs operating income consistent with an asset-heavy infrastructure operator. Net income reached IDR 21.0 trillion in 2022, reflecting a then-robust earnings profile.

The most prominent observable feature in the company's recent trajectory is a sustained, broad-based decline: revenue, EBITDA, operating income, and net income have all contracted materially from the 2022 peak through 2025. EBITDA fell approximately 56% from 2022 to 2025 and net income fell approximately 62% over the same period. Enterprise value has compressed from IDR 54.0 trillion (2022) to IDR 22.2 trillion (2025), tracking the earnings deterioration. Detailed information on specific projects, customer relationships, contract pipeline, segment mix, technology stack, management team, and capital structure is not present in the available source data, leaving significant gaps in a complete operational profile.

Name

Dana Brata Luhur

Website

https://tebe.co.id

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Dana Brata Luhur is an Indonesia-based, publicly listed infrastructure construction company (IDX: TEBE) headquartered in Jakarta, founded in 2008, delivering large-scale construction projects to government and institutional clients with a 251-500 employee workforce.

Ownership category

akta.pro rank

Product category

Infrastructure Construction

NAICS

Architectural, Engineering, and Related Services (5413), Engineering Services (54133)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• Infrastructure construction
• Civil engineering
• Construction services
• Heavy construction
• Building projects

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Core offering

Dana Brata Luhur is an Indonesian infrastructure construction company that delivers building and heavy construction project services. Founded in 2008 and headquartered in Jakarta, it operates as a publicly listed entity on the Indonesia Stock Exchange (idx:TEBE) with 251–500 employees. Its core business is providing construction services for infrastructure projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Construction Services End-to-end construction services for infrastructure projects, including civil engineering and heavy construction work, delivered primarily to corporate and public-sector clients in Indonesia.

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Expansion highlights3 records

Direct peers

• PT Nindya Karya: Indonesian state-owned general contractor for infrastructure and building projects. Comparable in business model and Indonesian market presence, with state-owned enterprise customer base overlap.
• PT Hutama Karya: Indonesian state-owned infrastructure contractor focused on toll roads and major infrastructure projects. Direct competitor in same geography; though not publicly listed, it operates in the same segment and competes for the same project pipeline.
• PT Jaya Konstruksi Manggala Pratama: Indonesian construction company listed on IDX (JAKA) with infrastructure and building focus. Comparable in scale, business model, and project types in the Indonesian market.
• PT Adhi Karya: State-owned Indonesian construction company (IDX:ADHI) specializing in infrastructure including toll roads, railways, and buildings. Direct comparable in Indonesian market focus, project types, and business model.
• PT Waskita Karya: Indonesia's largest listed infrastructure construction company (IDX:WSKT), focused on toll roads, bridges, and major infrastructure projects. Direct competitor in the same geography and end markets, with overlapping customers (government, SOEs) and similar business model.
• PT Brantas Abipraya: State-owned Indonesian construction company specializing in water infrastructure, dams, and irrigation. Comparable in scale and Indonesian market focus, with infrastructure specialization.
• PT PP (Pembangunan Perumahan): Major Indonesian construction and infrastructure company listed on IDX (PTPP). Competes directly in general construction, EPC, and infrastructure projects, with comparable scale and government/SOE customer base.
• PT Total Bangun Persada: Indonesian construction company listed on IDX (TOTL), focused on building construction including commercial, residential, and hospitality. Comparable in Indonesian public listing structure and construction services.

Broad incumbents

• Samsung C&T Corporation: Korean construction and engineering conglomerate (KRX:028260) with global infrastructure operations. While not a direct Indonesian market peer, it represents the broader international competitive landscape for infrastructure construction opportunities.
• China Communications Construction Company: One of the world's largest infrastructure construction firms (HKEX:1800), with active involvement in Southeast Asian projects including Indonesia. Represents broader competitive pressure on the Indonesian infrastructure market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dana Brata Luhur