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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Ahluwalia Contracts (India) Ltd

About the Company - Ahluwalia Contracts (India) Ltd

Ahluwalia Contracts (India) Ltd. is a Public Limited Listed company incorporated on 02/06/1979 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L45101DL1979PLC009654 and registration number is 009654. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 2692.47 Cr. and Equity Capital is Rs. 13.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringA-177, Okhla Industrial Area, Phase-I, New Delhi Delhi 110020cs.corpoffice@acilnet.com
http://www.acilnet.com
Management
NamePosition Held
Mr. Bikramjit AhluwaliaManaging Director
Mr. Shobhit UppalDeputy Managing Director
Mr. Vikas AhluwaliaWhole Time Director
Mr. Sanjiv SharmaWhole Time Director
Dr. Sushil ChandraIndependent Director
Mr. Arun Kumar GuptaIndependent Director
Mr. Rajendra Prashad GuptaIndependent Director
Dr. Sheela BhideIndependent Director

Basic Stock Data of Ahluwalia Contracts (India) Ltd

Last Updated: April 8, 2024, 4:49 am

Market Cap 7,367 Cr.
Current Price 1,100
High / Low1,276/491
Stock P/E29.8
Book Value 199
Dividend Yield0.04 %
ROCE24.7 %
ROE17.0 %
Face Value 2.00
PEG Ratio1.06

Competitors of Ahluwalia Contracts (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tantia Constructions Ltd 613 Cr. 39.649.2/9.4066.4 16.00.00 %0.05 %0.94 % 1.00
Peninsula Land Ltd 1,996 Cr. 64.673.0/17.621.5 2.900.00 %26.1 %% 2.00
Parsvnath Developers Ltd 581 Cr. 13.417.3/7.05 31.60.00 %4.78 %% 5.00
Techindia Nirman Ltd 50.2 Cr. 34.846.0/8.17 8.200.00 %0.43 %3.35 % 10.0
Poddar Housing & Development Ltd 78.1 Cr. 107161/82.0 1390.00 %3.95 %34.9 % 10.0
Industry Average663.66 Cr51.8817.5839.540.00%7.06%7.84%5.60

Ahluwalia Contracts (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales435536762580698684731609623743863764902
Expenses400504692520635614667549561672753681812
Operating Profit343270606369646162711108390
OPM %8%6%9%10%9%10%9%10%10%10%13%11%10%
Other Income75367511777978
Interest1091611121110877111111
Depreciation78888989911101213
Profit before tax24204946505557515260986774
Tax %25%26%25%25%28%24%25%27%25%25%26%26%26%
Net Profit18153735364242383945725055
EPS in Rs2.682.205.535.195.346.326.325.645.846.7110.777.428.22

Ahluwalia Contracts (India) Ltd Quarterly Chart

Ahluwalia Contracts (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4461,4319611,0601,2501,4271,6471,7551,8851,9822,6922,8383,271
Expenses1,4221,4629259451,0891,2541,4271,5381,7321,8282,4352,5342,918
Operating Profit24-3236115161173219216153154257304354
OPM %2%-2%4%11%13%12%13%12%8%8%10%11%11%
Other Income63837111386101022283031
Interest31373939352725193543443341
Depreciation47401221202426283230343946
Profit before tax-48-71226711913117517997103208262299
Tax %4%0%0%4%29%34%34%35%33%25%26%26%
Net Profit-46-71226484861151176477155194222
EPS in Rs-7.39-11.363.469.5612.6012.8417.2317.519.6111.5223.1728.9633.12
Dividend Payout %0%0%0%0%0%0%2%2%0%0%1%1%

Ahluwalia Contracts (India) Ltd Profit & Loss Yearly Chart

Ahluwalia Contracts (India) Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:12%
3 Years:15%
TTM:31%
Compounded Profit Growth
10 Years:15%
5 Years:11%
3 Years:44%
TTM:51%
Stock Price CAGR
10 Years:31%
5 Years:30%
3 Years:61%
1 Year:143%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:15%
Last Year:17%

Last Updated: April 8, 2024, 4:49 am

Ahluwalia Contracts (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313131313131313131313
Reserves2631922143244094956087247898651,0221,2151,318
Borrowings2482742391731429030619168545888
Other Liabilities6465955865325936376016898651,1149571,2071,381
Total Liabilities1,1701,0741,0501,0421,1571,2351,2521,4881,7592,0612,0462,4932,800
Fixed Assets195160136121118198190191226235228293323
CWIP324269798510000010
Investments2000000000000
Other Assets9408728468419541,0361,0621,2961,5331,8261,8182,1992,477
Total Assets1,1701,0741,0501,0421,1571,2351,2521,4881,7592,0612,0462,4932,800

Ahluwalia Contracts (India) Ltd Reserves and Borrowings Chart

Ahluwalia Contracts (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -13-10219377126818611025966301
Cash from Investing Activity -54103321-25-9-20-43-46-48-101-166
Cash from Financing Activity 18-7-69-98-57-70-7019-36-51-44-16
Net Cash Flow-49-7-1516-648-86227160-79120

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days11410715414414613212510896696078
Inventory Days104741381121231019171901197265
Days Payable159135233182177177182202212257183180
Cash Conversion Cycle60465874925534-23-27-69-52-37
Working Capital Days161137376854486349353339
ROCE %-3%-11%8%22%29%27%32%27%16%16%25%25%

Ahluwalia Contracts (India) Ltd Financial Efficiency Indicators Chart

Ahluwalia Contracts (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.00%58.00%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%
FIIs11.98%11.91%12.15%12.34%12.31%12.28%12.30%12.19%11.50%11.75%12.60%12.66%
DIIs26.15%26.78%28.73%28.03%27.81%27.52%27.45%27.19%27.97%27.40%26.65%26.40%
Public3.86%3.31%3.80%4.32%4.56%4.89%4.94%5.31%5.21%5.55%5.43%5.61%
No. of Shareholders8,8677,3899,44910,46410,18610,70110,55511,86911,09712,65312,79215,723

Ahluwalia Contracts (India) Ltd Shareholding Pattern Chart

No. of Ahluwalia Contracts (India) Ltd Shareholders

Ahluwalia Contracts (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Small Cap Fund45000001.61368.35
Axis Small Cap Fund39315331.8321.82
Aditya Birla Sun Life Multi-Cap Fund6043051.0649.47
Edelweiss Small Cap Fund5408511.5844.27
SBI Infrastructure Fund4500002.3336.83
Bandhan Infrastructure Fund4312383.8529.3
Aditya Birla Sun Life Infrastructure Fund2184272.2217.88
Motilal Oswal Nifty Microcap 250 Index Fund333650.482.73
HSBC Infrastructure Equity Fund - OLD325371.171.42
Groww Nifty Total Market Index Fund820.020.01

Ahluwalia Contracts (India) Ltd ROCE Trend

Ahluwalia Contracts (India) Ltd EPS Trend

Ahluwalia Contracts (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)28.9623.1711.529.6117.50
Diluted EPS (Rs.)28.9623.1711.529.6117.50
Cash EPS (Rs.)34.7728.1816.0714.3721.61
Book Value[Excl.RevalReserv]/Share (Rs.)183.37154.53131.18119.85109.62
Book Value[Incl.RevalReserv]/Share (Rs.)183.37154.53131.18119.85109.62
Revenue From Operations / Share (Rs.)423.72401.93295.90281.38261.57
PBDIT / Share (Rs.)49.8142.6526.3524.3933.74
PBIT / Share (Rs.)44.0237.6421.8119.6429.63
PBT / Share (Rs.)39.0831.1115.4514.4126.76
Net Profit / Share (Rs.)28.9823.1711.529.6117.50
NP After MI And SOA / Share (Rs.)28.9623.1711.529.6117.50
PBDIT Margin (%)11.7510.618.908.6612.89
PBIT Margin (%)10.389.367.366.9711.32
PBT Margin (%)9.227.735.225.1210.22
Net Profit Margin (%)6.835.763.893.416.68
NP After MI And SOA Margin (%)6.835.763.893.416.68
Return on Networth / Equity (%)15.7914.998.788.0215.96
Return on Capital Employeed (%)21.4121.6513.4214.2524.73
Return On Assets (%)7.777.583.743.667.90
Total Debt / Equity (X)0.000.000.010.050.08
Asset Turnover Ratio (%)1.251.311.041.161.28
Current Ratio (X)1.801.771.601.541.66
Quick Ratio (X)1.581.491.301.271.33
Inventory Turnover Ratio (X)5.604.603.554.083.77
Dividend Payout Ratio (NP) (%)1.030.000.000.001.71
Dividend Payout Ratio (CP) (%)0.860.000.000.001.38
Earning Retention Ratio (%)98.970.000.000.0098.29
Cash Earning Retention Ratio (%)99.140.000.000.0098.62
Interest Coverage Ratio (X)10.096.534.144.6711.76
Interest Coverage Ratio (Post Tax) (X)6.874.552.812.847.10
Enterprise Value (Cr.)3286.172720.081602.571008.882028.70
EV / Net Operating Revenue (X)1.161.010.800.531.16
EV / EBITDA (X)9.859.529.086.178.98
MarketCap / Net Operating Revenue (X)1.361.171.010.631.24
Retention Ratios (%)98.960.000.000.0098.28
Price / BV (X)3.153.052.281.502.96
Price / Net Operating Revenue (X)1.361.171.010.631.24
EarningsYield0.050.040.030.050.05

Ahluwalia Contracts (India) Ltd Profitability Ratios (%)

Ahluwalia Contracts (India) Ltd Liquidity Ratios

Ahluwalia Contracts (India) Ltd Liquidity Ratios (%)

Ahluwalia Contracts (India) Ltd Interest Coverage Ratios (%)

Ahluwalia Contracts (India) Ltd Valuation Ratios

Fair Value

Fair Value: ₹1,008.54

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 8.31% compared to the current price ₹1100

Intrinsic Value: ₹1,291.71

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 17.43% compared to the current price ₹1100

Last 5 Year EPS CAGR: 28.08%

*Investments are subject to market risks

Strength and Weakness of Ahluwalia Contracts (India) Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.75%, which is a positive sign.
  2. The company has higher reserves (649.08 cr) compared to borrowings (124.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (75.15 cr) and profit (118.69 cr) over the years.
  1. The stock has a high average Working Capital Days of 40.83, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 17.58, which may not be favorable.

FAQ

What is the latest fair value of Ahluwalia Contracts (India) Ltd?

The latest fair value of Ahluwalia Contracts (India) Ltd is 1008.54.

What is the Market Cap of Ahluwalia Contracts (India) Ltd?

The Market Cap of Ahluwalia Contracts (India) Ltd is 7,367 Cr..

What is the current Stock Price of Ahluwalia Contracts (India) Ltd as on 17 April 2024?

The current stock price of Ahluwalia Contracts (India) Ltd as on 17 April 2024 is 1,100.

What is the High / Low of Ahluwalia Contracts (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Ahluwalia Contracts (India) Ltd stocks is ₹1,276/491.

What is the Stock P/E of Ahluwalia Contracts (India) Ltd?

The Stock P/E of Ahluwalia Contracts (India) Ltd is 29.8.

What is the Book Value of Ahluwalia Contracts (India) Ltd?

The Book Value of Ahluwalia Contracts (India) Ltd is 199.

What is the Dividend Yield of Ahluwalia Contracts (India) Ltd?

The Dividend Yield of Ahluwalia Contracts (India) Ltd is 0.04 %.

What is the ROCE of Ahluwalia Contracts (India) Ltd?

The ROCE of Ahluwalia Contracts (India) Ltd is 24.7 %.

What is the ROE of Ahluwalia Contracts (India) Ltd?

The ROE of Ahluwalia Contracts (India) Ltd is 17.0 %.

What is the Face Value of Ahluwalia Contracts (India) Ltd?

The Face Value of Ahluwalia Contracts (India) Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ahluwalia Contracts (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE