We initiate coverage on the company with a BUY rating and value the company at 12.5x FY24E EPS to arrive at the target price of Rs 490/share, implying an upside potential of 17% from the current levels.

Ahluwalia Contracts (India) Ltd. is trading below all available SMAs

Ahluwalia Contracts (India) Ltd.

23 Feb 2022

882.90

0.14%

Ahluwalia

Buy: Ahluwalia Contracts (India...

Anand Rathi

Ahluwalia Contracts (India) Ltd. is trading below all available SMAs

Ahluwalia Contracts (India) Ltd.

28 Jun 2021

882.90

0.14%

Q4FY21 Result Update - Strong execution; BS cleanup largely complete - Downgrade to 'ACCUMULATE'

Accumulate: Ahluwalia Contracts (India...

Recommendation Target

Prabhudas Lilladhar

project sites fell to ~30% levels, but improved substantially with ease in lockdown restrictions and fall in cases. Though it is yet to reach pre-covid levels in many sites. Even with healthy order book and rising execution pace, management gave conservative guidance of 10-15% revenue growth in FY22 considering headwinds of second wave (and a possible third wave). EBITDAM is expected to be in 11-12% range, given major provisioning now complete. We believe ACIL is one amongst few EPC companies that turned around with significant improvement in profitability through its sound business strategy,...

Ahluwalia Contracts .. has an average target of 986.33 from 3 brokers.

Ahluwalia Contracts (India) Ltd.

18 Nov 2020

882.90

0.14%

Q2FY21 Result Update - Higher provisions dent margins - BUY

Buy: Ahluwalia Contracts (India...

Prabhudas Lilladhar

Labour availability stands at 80% pre-covid levels (vs 60% pre-covid levels by Sep'20); Company expects to reach ~100% by Dec'20. Ahluwalia Contracts (ACIL) posted a strong quarterly performance with execution rising 4.1% YoY (vs PLe 23% decline) led by rise in labour...

Ahluwalia Contracts (India) Ltd. is trading below all available SMAs

Ahluwalia Contracts (India) Ltd.

14 Aug 2020, 12:00AM

882.90

0.14%

Ahluwalia

Accumulate: Ahluwalia Contracts (India...

Recommendation Target

Dolat Capital

We increase our revenue/ EBITDA margin estimates by 7.1%/ 297 bps for FY21E factoring Q1FY21 results. Accordingly, we increase our PAT estimates by 674.1% for FY21E. We broadly maintain our FY22E...

Ahluwalia Contracts .. has an average target of 986.33 from 3 brokers.

Ahluwalia Contracts (India) Ltd.

14 Aug 2020, 12:00AM

882.90

0.14%

Q1FY21 Result Update - Healthy execution despite low labour availability - BUY

Buy: Ahluwalia Contracts (India...

Target

Prabhudas Lilladhar

Order book stands strong at Rs76.2bn (4.2x TTM revenues) as on 1QFY21 primarily driven by Hospital (48%) and Institutional (26%) segments. Ahluwalia Contracts (ACIL) posted a decent set of results with revenues falling 21.1% YoY (vs PLe 44% decline) despite challenging environment....

Ahluwalia Contracts (India) Ltd. is trading below all available SMAs

Is Ahluwalia Contracts (India) Ltd. worth buying?

55 Votes:

Buy 76.36%

Sell 20.0%

Hold 3.64%

RESEARCH REPORTS

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