Dilip Prabhavalkar played the role of Mahatma Gandhi in the movie "Lage raho munna bhai ".
He was awarded the prestigious Bal Gandharva Puraskar (award) in June 2006.
In 1972 best amateur actor ("Prem Kahani") Maharashtra State Award.
In 1992, he received the Maharashtra State award for best actor for his portrayal of a disabled boy in the film Chaukat Raja.
In 1999, Filmfare Best Actor Award(Marathi) for the film Ratraaarambh
In 2008, he won National Award, for best supporting actor for 2 roles : in the cult 2006 blockbuster Lage Raho Munnabhai and Shevri, a Marathi film.
In 2010, He was awarded the Sangeet Natak Akademi Award for his contribution as an actor to Indian Theatre.
Natavarya Mama Pendse Puraskrut Natasamrat Ganpatrao Bhagwat Puraskar.
Suvarnaratna Awards- 2015 (Best Actor).