NSE: AHLUCONT | BSE: 532811

Mid-range Performer

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910.40 17.65 (1.98%)

40.98% Fall from 52W High

19,843 NSE+BSE Volume

NSE 13 May, 2025 10:49 AM (IST)

6,098.6

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Ahluwalia Contracts (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for AHLUCONT, BSE:532811 Ahluwalia Contracts (India) Ltd.

Ahluwalia Contracts (India) Ltd.

17 Feb 2019

910.40

1.98%

Ahluwalia Contracts (3QFY19): Muted performance. Maintain BUY

Buy: Ahluwalia Contracts (India...

Target

HDFC Securities

Maintain BUY with reduced TP of Rs 449/sh (vs Rs 487 earlier) valuing the EPC segment at 18x Dec-20E EPS, Kota BOT 1x P/BV). AHLU posted weak numbers with Rev/EBITDA/APAT coming in 12/23/23% lower than estimate. This was primarily led by NGT related issues in both Delhi (~Rs 600-700mn revenue impact) and Bihar (~Rs 400mn impact). With fixed cost absorption on lower revenue base, EBIDTA margins slipped 545bps QoQ to 11.8%.

Ahluwalia Contracts (India) Ltd.'s price crossed above 30Day SMA today

Ahluwalia Contracts (India) Ltd.

15 Feb 2019

910.40

1.98%

ACIL's net sales in Q3FY19 increased 16% yoy to Rs4.2bn, but came in below our estimates...

Buy: Ahluwalia Contracts (India...

Target

Emkay

ACIL's net sales in Q3FY19 increased by about 16% yoy to Rs4.2bn, but came in below our estimates due to issues relating to tree-cutting in the NCR region and delays in getting approvals for a few projects. EBITDA declined 20.5% yoy to Rs496.2mn while EBITDA margin stood at 11.9% (Emkay est: 13%), due to weak execution and higher other expenses which...

Ahluwalia Contracts (India) Ltd. is trading below its 150 day SMA of 911.1

Ahluwalia Contracts (India) Ltd.

15 Feb 2019

910.40

1.98%

Ahluwalia Contracts -3QFY19 Result Update

Ahluwalia Contracts (India...

Reliance Securities

Ahluwalia Contracts .. has an average target of 923.00 from 3 brokers.

Ahluwalia Contracts (India) Ltd.

16 Nov 2018

910.40

1.98%

Ahluwalia Contracts (2QFY19): Growth visible. Maintain BUY

Buy: Ahluwalia Contracts (India...

Target

HDFC Securities

Maintain BUY with an increased SOTP of Rs 465/sh (EPC segment at 18x Mar-20E EPS, Kota BOT 1x P/BV). AHLU posted strong 2QFY19 numbers with Revenue/ EBITDA/ APAT Rs 4.4/ 0.6/ 0.3bn (19/ 15/ 21% beat vs. estimates). Interest cost shot up to Rs 51mn (+10% YoY, +31% QoQ) as debt increased from Rs 340mn to 520mn QoQ.

Ahluwalia Contracts (India) Ltd. has gained 29.02% in the last 3 Months

Ahluwalia Contracts (India) Ltd.

16 Nov 2018

910.40

1.98%

Ahluwalia Contracts -Result Update

Buy: Ahluwalia Contracts (India...

Target

Reliance Securities

Ahluwalia Contracts (AHLU) has reported a strong performance in 2QFY19 mainly led by rampup in execution in recently bagged projects. While revenue grew by a strong 31% YoY to Rs4.4bn (+9% QoQ) vs. our estimate of Rs3.8bn, EBITDA rose by 15% YoY to Rs574mn (+9% QoQ) and EBITDA margin stood at 13.1% vs. 14.9% and 13% in 2QFY18 and 1QFY19, respectively. Net profit grew by 21% YoY and 11% QoQ to Rs312mn vs. our estimate of Rs256mn. AHLU received order inflow of Rs31bn in FY19 YTD taking its total order backlog to Rs53bn (3.2x of FY18 revenue). Upgrading order inflow guidance to Rs40bn from Rs24bn, the Management has maintained revenue growth guidance of 15-20% with EBITDA margin of >13% for FY19 and >30% revenue growth in FY20E. We continue to maintain our positive stance on AHLU on the back of healthy...

Ahluwalia Contracts (India) Ltd.'s price crossed above 30Day SMA today

Ahluwalia Contracts (India) Ltd.

15 Nov 2018

910.40

1.98%

Ahluwalia

Buy: Ahluwalia Contracts (India...

Dolat Capital

ACIL posted 31.3% YoY growth in Q2FY19 revenue (after 2 consecutive quarter of de-growth) to `4.4 bn (9.0% above estimates) led by better execution. EBITDA margin down by 181 bps YoY to 13.1% (24 bps below estimates), primarily due to higher construction cost which is up by 258 bps YoY to 75.9% of revenue and other expenses which was partially offset by fall in employee cost. PAT up 20.9% YoY to `312 mn (2.3% above estimates)...

Ahluwalia Contracts (India) Ltd. has gained 29.02% in the last 3 Months

Ahluwalia Contracts (India) Ltd.

23 Aug 2018

910.40

1.98%

Ahluwalia

Buy: Ahluwalia Contracts (India...

Recommendation Target

Centrum Broking

One-offs impact performance, but order inflow gains traction Ahluwalia Contracts (India) Ltd (ACIL), for Q1FY19, reported muted numbers, mainly on the back of one-offs. Revenue declined by ~20% YoY to 404 crore, on the back of slow execution in few projects (impact of 35 crore Delhi CPWD project tree cutting issue, and NBCC Kolkata design issue). EBITDA declined by 2% to 53 crore. Lower raw material cost (down 1,099bps to 43.5% of Q1FY19 sales) was partly offset by higher employee cost (up 258bps to 8.9%) and other expenses (up 603 bps to 34.6%) leading to EBITDA margin expansion of 238bps to...

Ahluwalia Contracts (India) Ltd. is trading above its 100 day SMA of 837.4

Ahluwalia Contracts (India) Ltd.

17 Aug 2018

910.40

1.98%

Ahluwalia Contracts - 1QFY19 Result Update

Buy: Ahluwalia Contracts (India...

Reliance Securities

Growth Path Remains Intact Despite Soft Performance; Maintain BUY Ahluwalia Contracts (ACIL) has reported a soft performance in 1QFY19. Led by slow execution in new projects, ACIL's revenue declined by 20% YoY (-10% YoY GST adjusted) to Rs4bn vs. our estimate of Rs4.2bn. Further, EBITDA declined by 2% YoY and 1.5% QoQ to Rs526mn, while EBITDA margin improved by 238bps YoY and 107bps QoQ to 13%. Net profit stood at Rs282mn (-4.5% YoY and -9% QoQ). ACIL received order inflow of Rs20bn in FY19 YTD taking its total order backlog to Rs47bn (2.9x FY18 revenue). Upgrading order inflow guidance to Rs24bn from Rs20bn, the Management has maintained revenue growth guidance of 20% with EBITDA...

Ahluwalia Contracts (India) Ltd.'s price crossed above 30Day SMA today

Ahluwalia Contracts (India) Ltd.

16 Aug 2018

910.40

1.98%

Ahluwalia Contracts (1QFY19): Geared up. Maintain BUY

Buy: Ahluwalia Contracts (India...

Target

HDFC Securities

We maintain BUY with a SOTP of Rs 489/sh (EPC segment at 476sh (EPC segment at 10x Mar-20E EV/EBITDA, Kota BOT 1x P/BV). AHLU 1QFY19 net revenue at Rs 4.0bn was 3.5% below our estimates (Rs 200mn miss in CPWD redevelopment project in Delhi tree felling issue and Rs 150mn in West Bengal NBCC project redesigning). EBITDA at Rs 0.5bn was 1.6% below estimates. EBIDTA margins expanded 238bps YoY to 13.0%.

Ahluwalia Contracts (India) Ltd. has gained 29.02% in the last 3 Months

Ahluwalia Contracts (India) Ltd.

01 Jun 2018

910.40

1.98%

Ahluwalia Contracts (4QFY18): Growth visible. Maintain BUY

Buy: Ahluwalia Contracts (India...

Target

HDFC Securities

We maintain BUY with a SOTP of Rs 486/sh (EPC segment at 486/sh (EPC segment at 10x Mar-20E EV/EBITDA, Kota BOT 1x P/BV). AHLU 4QFY18 net revenue came in at Rs 4.5bn (-5.3%YoY, +23.7%QoQ) which was only marginally below our estimates. Company delivered strong 13.3% EBITDA margins in FY18 (vs. 12.2% YoY). This has been achieved by mix of better cost control and improvement in labour market supply.

Ahluwalia Contracts (India) Ltd. is trading above its 100 day SMA of 837.4

Is Ahluwalia Contracts (India) Ltd. worth buying?

55 Votes:

Buy 76.36%

Sell 20.0%

Hold 3.64%

RESEARCH REPORTS

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