Ahluwalia Contracts (India) Ltd logo

Ahluwalia Contracts (India) Ltd

AHLUCONT NSE

Key Fundamentals

MicrocapCivil ConstructionConstruction
Market Cap
₹4,917 Cr
Volatility
Moderate
P/E Ratio
21.07
EBITDA
₹435 Cr
Return on Equity
11.24%
Debt to Equity
0.04
Book Value
₹307.36
EPS
₹32
52W High
₹1,077.95
52W Low
₹645.15

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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46 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Weaknesses

3
  • Company has a low return on equity of 13.9% over last 3 years.
  • Contingent liabilities of Rs.2,507 Cr.
  • Dividend payout has been low at 1.55% of profits over last 3 years

Growth Rate

Revenue Growth
9.90% ↗
Net Income Growth
31.48% ↗
Cash Flow Change
39.61% ↗
ROE
-52.03% ↗
ROCE
-48.10% ↗
EBITDA Margin (Avg.)
-2.09% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk medium

Ahluwalia Contracts is a nearly debt-free construction company with a market cap of Rs.5,526 Cr trading at a PE of 20.6x. The company has delivered 17% compounded sales growth over 3 years and 32% TTM profit growth, though the stock has declined 20% over the past year and carries significant contingent liabilities of Rs.2,507 Cr.

Bull Case 8
  • Company is almost debt-free, providing financial flexibility and resilience in a capital-intensive construction sector
  • Strong TTM profit growth of 32% indicates improving operational efficiency and margin expansion
  • Consistent compounded sales growth of 17% over 3 years and 18% over 5 years demonstrates sustained revenue momentum
  • PE of 20.6x is reasonable for a construction company delivering double-digit earnings growth, suggesting valuation is not excessively stretched
  • 10-year compounded sales CAGR of 14% reflects a long track record of consistent top-line growth across cycles
  • 5-year compounded profit growth of 28% significantly outpaces sales growth of 18%, indicating operating leverage and margin improvement
  • Stock price CAGR of 16% over 5 years and 11% over 10 years shows long-term wealth creation capability
  • Price-to-book of 2.66x is moderate for a construction company with near-zero debt on the balance sheet
Bear Case 8
  • Stock has declined 20% over the past 1 year, indicating significant negative sentiment or earnings de-rating risk
  • Contingent liabilities of Rs.2,507 Cr represent approximately 45% of the market cap, posing a material risk if crystallized
  • Return on equity of 13.9% over 3 years is modest for a debt-free company and suggests suboptimal capital deployment
  • Dividend payout of just 1.55% of profits over the last 3 years with a yield of 0.07% offers negligible income to shareholders
  • 3-year stock CAGR of only 5% despite 17% sales and 11% profit CAGR suggests the market is assigning a lower valuation multiple
  • ROE has remained flat at 14-15% over the last 3, 5, and 10 years with no visible improvement trajectory
  • Construction sector is inherently cyclical and dependent on government spending and infrastructure policy continuity
  • 10-year compounded profit growth of only 12% versus 5-year growth of 28% suggests recent profit surge may not be structurally sustainable

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 2
  • FY26 net profit up 32% Jul 9

    Ahluwalia Contracts reported consolidated net profit of ₹265.86 crore for FY26, up from ₹202.08 crore in FY25, a 31.6% year-on-year increase.

  • Revenue crosses ₹4,565 crore Jul 9

    Revenue from operations increased to ₹4,565.20 crore in FY26, reflecting strong execution across its construction order book.

TL;DR: Ahluwalia Contracts delivered strong FY26 results with 32% profit growth and healthy revenue expansion, signaling solid project execution in the construction sector. No visible headwinds emerged in the latest news cycle. The earnings momentum is clearly positive, and continued order inflows will be key to sustaining this trajectory into FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
764
902
1,026
1,164
919
1,011
952
1,216
1,005
1,177
1,061
1,322
1,126
Expenses
681
812
915
1,059
859
938
868
1,092
919
1,049
965
1,199
1,079
Operating Profit
83
90
112
104
60
73
84
124
86
128
96
124
47
OPM %
11%
10%
11%
9%
7%
7%
9%
10%
9%
11%
9%
9%
4.2%
Other Income
7
8
9
207
11
12
15
18
16
15
15
27
16
Interest
11
11
12
14
15
16
15
13
12
15
11
12
16
Depreciation
12
13
14
29
15
17
18
17
21
22
26
29
32
PBT
67
74
95
269
41
53
67
112
70
106
74
110
14
Tax %
26%
26%
26%
26%
26%
27%
26%
26%
26%
26%
27%
25%
27%
Net Profit
50
55
71
200
31
38
50
83
51
79
54
82
10
EPS in Rs
7.42
8.22
10.55
29.83
4.56
5.73
7.39
12.44
7.64
11.73
8.07
12.24
1.55
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,060
1,250
1,427
1,647
1,755
1,885
1,982
2,692
2,838
3,855
4,099
4,565
4,686
Expenses
945
1,089
1,254
1,427
1,538
1,732
1,828
2,435
2,534
3,467
3,757
4,130
4,291
Operating Profit
115
161
173
219
216
153
154
257
304
388
342
435
395
OPM %
11%
13%
12%
13%
12%
8%
8%
10%
11%
10%
8%
10%
8%
Other Income
11
13
8
6
10
10
22
28
30
232
56
73
73
Interest
39
35
27
25
19
35
43
44
33
48
58
50
55
Depreciation
21
20
24
26
28
32
30
34
39
67
67
98
109
PBT
67
119
131
175
179
97
103
208
262
504
273
359
304
Tax %
4%
29%
34%
34%
35%
33%
25%
26%
26%
26%
26%
26%
—
Net Profit
64
84
86
115
117
64
77
155
194
375
202
266
225
EPS in Rs
9.56
12.6
12.84
17.23
17.51
9.61
11.52
23.17
28.96
55.96
30.17
39.69
33.59
Div. Payout %
0%
0%
0%
2%
2%
0%
0%
1%
1%
1%
2%
2%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
13
13
13
13
13
13
13
13
13
13
13
13
Reserves
324
409
495
608
724
789
865
1,022
1,215
1,587
1,785
2,046
Borrowings
173
142
90
30
61
91
68
54
58
105
76
73
Other Liabilities
532
593
637
601
689
868
1,114
957
1,207
1,490
1,831
2,133
Total Liabilities
1,042
1,157
1,235
1,252
1,488
1,762
2,061
2,046
2,493
3,195
3,706
4,265
Fixed Assets
121
118
198
190
191
226
235
228
293
337
456
634
CWIP
79
85
1
0
0
0
0
0
1
7
12
6
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
841
954
1,036
1,062
1,296
1,535
1,826
1,818
2,199
2,851
3,238
3,625
Total Assets
1,042
1,157
1,235
1,252
1,488
1,762
2,061
2,046
2,493
3,195
3,706
4,265
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
93
77
126
81
86
110
259
66
301
257
359
281
Investing
21
-25
-9
-20
-43
-46
-48
-101
-166
-310
-323
-257
Financing
-98
-57
-70
-70
19
-36
-51
-44
-16
21
-52
-34
Net Cash Flow
16
-6
48
-8
62
27
160
-79
120
-31
-16
-10
Free Cash Flow
71
55
106
63
56
73
224
39
198
145
171
16
CFO/OP
49
52
80
62
76
102
188
49
115
102
134
87
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
144
146
132
125
108
96
69
60
78
71
70
59
Inventory Days
112
123
101
91
71
91
119
72
65
63
69
57
Days Payable
182
177
177
182
202
212
257
183
180
139
172
135
Cash Conversion Cycle
74
92
55
34
-23
-26
-69
-52
-37
-6
-33
-20
Working Capital Days
-14
29
31
41
51
40
31
33
39
60
56
55
ROCE %
22%
29%
27%
32%
27%
16%
16%
25%
25%
24%
18%
20%

Shareholding Pattern

As of Jun 2026
Promoters 55.32%
DIIs 22.32%
FIIs 14.05%
Public 6.95%
Others 1.37%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
58.00%
58.00%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
55.32%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
12.66%
13.32%
13.25%
12.86%
12.51%
12.07%
12.44%
12.86%
13.53%
13.74%
14.05%
DIIs
26.15%
26.62%
28.56%
27.86%
27.64%
27.35%
27.28%
27.19%
27.97%
27.39%
26.65%
26.40%
26.04%
25.31%
24.96%
24.70%
24.33%
24.26%
23.81%
23.37%
22.32%
22.32%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
3.13%
2.60%
3.02%
3.55%
3.72%
4.07%
4.09%
4.43%
4.34%
4.59%
4.47%
4.65%
4.50%
5.22%
5.93%
6.45%
7.16%
6.91%
6.88%
6.67%
7.25%
6.95%
Others
12.71%
12.78%
13.10%
13.28%
13.32%
13.26%
13.32%
13.06%
12.37%
12.70%
13.56%
0.96%
0.82%
0.89%
0.94%
1.03%
1.12%
1.08%
1.14%
1.11%
1.36%
1.37%
No. of Shareholders
8,867
7,389
9,449
10,464
10,186
10,701
10,555
11,869
11,097
12,653
12,792
15,723
19,876
25,169
34,897
37,567
38,986
37,376
36,535
35,476
36,498
34,624

Documents

Frequently Asked Questions about Ahluwalia Contracts (India) Ltd

What does Ahluwalia Contracts (India) Ltd do?
Company is engaged in engineering and contract construction, delivering state of-the-art infrastructure and buildings projects for clients in India. Company has experiences in working on residential, commercial, institutional, corporate offices, power plants, hospitals, hotels, IT parks, Metro st...
Where is Ahluwalia Contracts (India) Ltd (AHLUCONT) listed?
Ahluwalia Contracts (India) Ltd is listed on the Indian stock exchanges. It is listed on NSE: AHLUCONT and BSE: 532811. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ahluwalia Contracts (India) Ltd belong to?
Ahluwalia Contracts (India) Ltd operates in the Construction sector within the Civil Construction industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ahluwalia Contracts (India) Ltd?
Ahluwalia Contracts (India) Ltd has a market capitalisation of approximately ₹4916.89 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Ahluwalia Contracts (India) Ltd?
The Price-to-Earnings (PE) ratio of Ahluwalia Contracts (India) Ltd is 21.07. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ahluwalia Contracts (India) Ltd?
Over the past 52 weeks, Ahluwalia Contracts (India) Ltd has traded between a low of ₹645.15 and a high of ₹1,077.95. This range helps investors understand the stock's price volatility and recent trading levels.
Does Ahluwalia Contracts (India) Ltd pay dividends?
Yes, Ahluwalia Contracts (India) Ltd has a dividend yield of 0.09%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Ahluwalia Contracts (India) Ltd?
Ahluwalia Contracts (India) Ltd has a Return on Equity (ROE) of 11.24%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ahluwalia Contracts (India) Ltd on Tapetide?
On Tapetide, you can view Ahluwalia Contracts (India) Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Company is engaged in engineering and contract construction, delivering state of-the-art infrastructure and buildings projects for clients in India. Company has experiences in working on residential, commercial, institutional, corporate offices, power plants, hospitals, hotels, IT parks, Metro stations and depots, and automated car parking lots for Government as well as private clients. [1]

Website acilnet.com
CEO Mr. Bikramjit Ahluwalia
Employees 3,325
Listed 2007-02-23
Face Value ₹ 2
Issued Size 6,69,87,560

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