Ahluwalia Contracts (India) Limited (IN:AHLUCONT)
:AHLUCONT
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Ahluwalia Contracts (India) Limited
(AHLUCONT)
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Rating:75Outperform
Price Target:
₹1,007.00
▲(7.04% Upside)
Action:UpgradedDate:04/30/26
Overall score reflects strong financial performance (growth, improving margins, low leverage) as the primary positive, tempered by technical indicators that look extended (high RSI/Stoch) and a relatively high P/E, despite supportive momentum.
Positive Factors
Consistent revenue growth
Revenue growth near 10% year-over-year demonstrates sustained demand for Ahluwalia's core EPC building services. Over 2–6 months this supports stable billing cadence, improves visibility into project execution, and enables operating leverage as fixed site costs are spread across higher volumes.
Negative Factors
Inconsistent free cash flow
Volatile free cash flow driven by variable capex reduces the company's ability to self-fund working capital and retain cash for opportunistic investments. Over months this raises the probability of short-term financing needs, squeezes liquidity buffers, and can increase financing costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Revenue growth near 10% year-over-year demonstrates sustained demand for Ahluwalia's core EPC building services. Over 2–6 months this supports stable billing cadence, improves visibility into project execution, and enables operating leverage as fixed site costs are spread across higher volumes.
Read all positive factors
Ahluwalia Contracts (India) Limited (AHLUCONT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹59.47B
Dividend Yield0.06%
Average Volume (3M)2.24K
Price to Earnings (P/E)30.4
Beta (1Y)1.36
Revenue Growth10.19%
EPS Growth-16.13%
CountryIN
Employees2,995
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)8.10
Shares Outstanding66,987,560
10 Day Avg. Volume1,837
30 Day Avg. Volume2,243
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)3.09
Price to Sales (P/S)1.36
P/FCF Ratio32.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹945.67Price Target Upside0.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)49.49
Revenue Forecast (FY)₹54.10B
Ahluwalia Contracts (India) Limited Business Overview & Revenue Model
Company Description
Ahluwalia Contracts (India) Limited, together with its subsidiaries, operates as a construction company in India. The company operates through Construction Contract, Lease Rental, and Others segments. Its project portfolio includes residential and...
How the Company Makes Money
AHLUCONT makes money mainly by executing construction/EPC contracts awarded by public-sector and private-sector clients. Revenue is recognized as construction work progresses under contract terms (typically based on measured work completed and/or ...
Ahluwalia Contracts (India) Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.50B | 40.99B | 38.37B | 28.05B | 26.71B | 19.66B |
| Gross Profit | 9.07B | 7.79B | 7.14B | 5.18B | 4.71B | 3.80B |
| EBITDA | 4.86B | 3.98B | 6.05B | 3.33B | 2.74B | 1.64B |
| Net Income | 2.63B | 2.02B | 3.75B | 1.94B | 1.55B | 772.00M |
Balance Sheet | ||||||
| Total Assets | 39.46B | 37.06B | 31.95B | 24.93B | 20.46B | 20.61B |
| Cash, Cash Equivalents and Short-Term Investments | 10.60B | 9.98B | 7.80B | 4.25B | 4.33B | 4.18B |
| Total Debt | 746.79M | 761.32M | 1.05B | 577.98M | 539.28M | 677.24M |
| Total Liabilities | 20.22B | 19.07B | 15.95B | 12.65B | 10.11B | 11.82B |
| Stockholders Equity | 19.24B | 17.98B | 16.00B | 12.28B | 10.35B | 8.79B |
Cash Flow | ||||||
| Free Cash Flow | 1.27B | 1.71B | 1.43B | 1.95B | 376.66M | 2.23B |
| Operating Cash Flow | 2.48B | 3.59B | 2.57B | 3.01B | 657.49M | 2.59B |
| Investing Cash Flow | -1.61B | -3.23B | -3.10B | -1.66B | -1.01B | -478.63M |
| Financing Cash Flow | -54.79M | -524.36M | 207.16M | -160.50M | -441.90M | -507.22M |
Ahluwalia Contracts (India) Limited Technical Analysis
Positive
940.80
Price Trends
780.78
Positive
865.13
Negative
916.96
Negative
Market Momentum
12.25
Negative
66.28
Neutral
95.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AHLUCONT, the sentiment is Positive. The current price of 940.8 is above the 20-day moving average (MA) of 736.34, above the 50-day MA of 780.78, and above the 200-day MA of 916.96, indicating a neutral trend. The MACD of 12.25 indicates Negative momentum. The RSI at 66.28 is Neutral, neither overbought nor oversold. The STOCH value of 95.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AHLUCONT.
Ahluwalia Contracts (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹59.47B | 30.38 | ― | 0.06% | 10.19% | -16.13% | |
74 Outperform | ₹37.69B | 0.56 | ― | ― | -20.53% | 87.83% | |
67 Neutral | ₹39.32B | 13.34 | ― | 0.67% | 5.19% | 3.24% | |
61 Neutral | ₹34.84B | 12.27 | ― | ― | -14.42% | -13.89% | |
61 Neutral | ₹3.93B | 186.32 | ― | 0.47% | -7.49% | -57.09% | |
58 Neutral | ₹21.30B | 10.65 | ― | ― | 13.40% | -2.22% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:AHLUCONT
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Ahluwalia Contracts (India) Limited Corporate Events
Ahluwalia Contracts Schedules Investor Call on Q3 FY26 Results
Feb 10, 2026
Ahluwalia Contracts (India) Limited has scheduled a conference call on February 16, 2026 at 3:30 p.m. IST to discuss its financial results for the third quarter of fiscal year 2025-26. The call, accessible to domestic and international participant...
Ahluwalia Contracts Sets Board Meet to Review Q3 Results, Weigh Subsidiary Merger Plan
Feb 2, 2026
Ahluwalia Contracts (India) Limited has scheduled a meeting of its Board of Directors for February 14, 2026 to review and approve the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.