Ahluwalia Contracts (India) Limited (IN:AHLUCONT)
:AHLUCONT
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Ahluwalia Contracts (India) Limited
(AHLUCONT)
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Rating:62Neutral
Price Target:
₹830.00
▼(-11.78% Downside)
Action:ReiteratedDate:03/24/26
The score is supported primarily by strong financial performance (growth, stable margins, and low leverage), but is held back by weak technicals (below major moving averages with negative MACD and low RSI) and a relatively expensive valuation (P/E ~30 with a very low dividend yield).
Positive Factors
Revenue Growth
Sustained revenue growth (~10.2% reported) indicates a healthy project win and execution pipeline for an EPC specialist. Over months this supports scale benefits, better subcontractor leverage, and more predictable backlog-driven cash flows that underpin long-term operational planning.
Negative Factors
Free Cash Flow Variability
Variable free cash flow reflects uneven capex timing and milestone billing in project execution. Over a multi-month horizon this volatility can constrain discretionary investment, limit buffer for unplanned project overruns, and complicate consistent capital allocation or dividend policies.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth (~10.2% reported) indicates a healthy project win and execution pipeline for an EPC specialist. Over months this supports scale benefits, better subcontractor leverage, and more predictable backlog-driven cash flows that underpin long-term operational planning.
Read all positive factors
Ahluwalia Contracts (India) Limited (AHLUCONT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹52.43B
Dividend Yield0.06%
Average Volume (3M)2.24K
Price to Earnings (P/E)30.4
Beta (1Y)1.40
Revenue Growth5.56%
EPS Growth-22.59%
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)49.98
Revenue Forecast (FY)₹54.44B
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 primarily makes money by executing construction/EPC contracts awarded by government/semi-government bodies and private sector clients. Revenue is typically recognized as projects progress (i.e., based on certified work done/milestone bill...
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
Neutral
940.80
Price Trends
784.95
Negative
871.55
Negative
919.77
Negative
Market Momentum
-15.44
Negative
54.49
Neutral
88.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AHLUCONT, the sentiment is Neutral. The current price of 940.8 is above the 20-day moving average (MA) of 723.82, above the 50-day MA of 784.95, and above the 200-day MA of 919.77, indicating a neutral trend. The MACD of -15.44 indicates Negative momentum. The RSI at 54.49 is Neutral, neither overbought nor oversold. The STOCH value of 88.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹35.06B | 0.56 | ― | ― | -17.28% | 43.34% | |
67 Neutral | ₹35.50B | 13.34 | ― | 0.67% | 13.96% | 12.91% | |
62 Neutral | ₹52.43B | 30.38 | ― | 0.06% | 5.56% | -22.59% | |
61 Neutral | ₹33.79B | 12.27 | ― | ― | -15.09% | -15.98% | |
58 Neutral | ₹19.69B | 10.65 | ― | ― | 15.23% | 8.61% | |
57 Neutral | ₹3.72B | 186.32 | ― | 0.47% | -7.32% | -26.92% | |
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, ...
Ahluwalia Contracts Wins Rs 3,069-Crore Central Vista EPC Project
Jan 16, 2026
Ahluwalia Contracts (India) Limited has secured a domestic civil construction order worth Rs 3,069.70 crore (including GST) from the Central Public Works Department’s Central Vista Project Division-12 in New Delhi. The EPC contract covers th...
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.