Ahluwalia Contracts (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 23, 2025, 1:53 am

Market Cap	6,270 Cr.
Current Price	935
High / Low	1,542/620
Stock P/E	35.6
Book Value	249
Dividend Yield	0.05 %
ROCE	23.8 %
ROE	16.4 %
Face Value	2.00
PEG Ratio	1.09

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ahluwalia Contracts (India) Ltd

Competitors of Ahluwalia Contracts (India) Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mount Housing & Infrastructure Ltd	9.53 Cr.	31.5	31.5/30.0		11.7	0.00 %	8.64 %	1.73 %	10.0
Mangalam Cement Ltd	2,248 Cr.	815	1,096/640	49.9	310	0.18 %	9.62 %	5.42 %	10.0
IRB Infrastructure Developers Ltd	30,968 Cr.	51.2	78.2/41.0	31.0	32.8	0.59 %	7.82 %	5.95 %	1.00
Ashoka Buildcon Ltd	5,698 Cr.	203	319/158	3.94	101	0.00 %	27.1 %	22.7 %	5.00
Ansal Properties & Infrastructure Ltd	66.1 Cr.	4.20	15.6/3.52		51.1	0.00 %	%	%	5.00
Industry Average	11,296.00 Cr	292.99		25.10	111.14	0.12%	14.93%	9.17%	6.14

All Competitor Stocks of Ahluwalia Contracts (India) Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	684	731	609	623	743	863	764	902	1,026	1,164	919	1,011	952
Expenses	614	667	549	561	672	753	681	812	915	1,059	859	938	868
Operating Profit	69	64	61	62	71	110	83	90	112	104	60	73	84
OPM %	10%	9%	10%	10%	10%	13%	11%	10%	11%	9%	7%	7%	9%
Other Income	5	11	7	7	7	9	7	8	9	207	11	12	15
Interest	11	10	8	7	7	11	11	11	12	14	15	16	15
Depreciation	9	8	9	9	11	10	12	13	14	29	15	17	18
Profit before tax	55	57	51	52	60	98	67	74	95	269	41	53	67
Tax %	24%	25%	27%	25%	25%	26%	26%	26%	26%	26%	26%	27%	26%
Net Profit	42	42	38	39	45	72	50	55	71	200	31	38	49
EPS in Rs	6.32	6.32	5.64	5.84	6.72	10.77	7.42	8.22	10.55	29.83	4.56	5.73	7.37

Last Updated: February 13, 2025, 1:39 pm

Below is a detailed analysis of the quarterly data for Ahluwalia Contracts (India) Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 952.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,011.00 Cr. (Sep 2024) to 952.00 Cr., marking a decrease of 59.00 Cr..
For Expenses, as of Dec 2024, the value is 868.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 938.00 Cr. (Sep 2024) to 868.00 Cr., marking a decrease of 70.00 Cr..
For Operating Profit, as of Dec 2024, the value is 84.00 Cr.. The value appears strong and on an upward trend. It has increased from 73.00 Cr. (Sep 2024) to 84.00 Cr., marking an increase of 11.00 Cr..
For OPM %, as of Dec 2024, the value is 9.00%. The value appears strong and on an upward trend. It has increased from 7.00% (Sep 2024) to 9.00%, marking an increase of 2.00%.
For Other Income, as of Dec 2024, the value is 15.00 Cr.. The value appears strong and on an upward trend. It has increased from 12.00 Cr. (Sep 2024) to 15.00 Cr., marking an increase of 3.00 Cr..
For Interest, as of Dec 2024, the value is 15.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 16.00 Cr. (Sep 2024) to 15.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 18.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.00 Cr. (Sep 2024) to 18.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 67.00 Cr.. The value appears strong and on an upward trend. It has increased from 53.00 Cr. (Sep 2024) to 67.00 Cr., marking an increase of 14.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Sep 2024) to 26.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is 49.00 Cr.. The value appears strong and on an upward trend. It has increased from 38.00 Cr. (Sep 2024) to 49.00 Cr., marking an increase of 11.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.37. The value appears strong and on an upward trend. It has increased from 5.73 (Sep 2024) to 7.37, marking an increase of 1.64.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 13, 2025, 1:39 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,431	961	1,060	1,250	1,427	1,647	1,755	1,885	1,982	2,692	2,838	3,855	4,046
Expenses	1,462	925	945	1,089	1,254	1,427	1,538	1,732	1,828	2,435	2,534	3,467	3,724
Operating Profit	-32	36	115	161	173	219	216	153	154	257	304	388	322
OPM %	-2%	4%	11%	13%	12%	13%	12%	8%	8%	10%	11%	10%	8%
Other Income	38	37	11	13	8	6	10	10	22	28	30	232	245
Interest	37	39	39	35	27	25	19	35	43	44	33	48	59
Depreciation	40	12	21	20	24	26	28	32	30	34	39	67	78
Profit before tax	-71	22	67	119	131	175	179	97	103	208	262	504	430
Tax %	0%	0%	4%	29%	34%	34%	35%	33%	25%	26%	26%	26%
Net Profit	-71	22	64	84	86	115	117	64	77	155	194	375	318
EPS in Rs	-11.36	3.46	9.56	12.60	12.84	17.23	17.51	9.61	11.52	23.17	28.96	55.96	47.49
Dividend Payout %	0%	0%	0%	0%	0%	2%	2%	0%	0%	1%	1%	1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	130.99%	190.91%	31.25%	2.38%	33.72%	1.74%	-45.30%	20.31%	101.30%	25.16%	93.30%
Change in YoY Net Profit Growth (%)	0.00%	59.92%	-159.66%	-28.87%	31.34%	-31.98%	-47.04%	65.61%	80.99%	-76.14%	68.14%

Ahluwalia Contracts (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	15%
5 Years:	17%
3 Years:	25%
TTM:	14%

Compounded Profit Growth
10 Years:	55%
5 Years:	15%
3 Years:	44%
TTM:	-29%

Stock Price CAGR
10 Years:	15%
5 Years:	42%
3 Years:	28%
1 Year:	-27%

Return on Equity
10 Years:	16%
5 Years:	14%
3 Years:	17%
Last Year:	16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:45 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	13	13	13	13	13	13	13	13	13	13	13	13	13
Reserves	192	214	324	409	495	608	724	789	865	1,022	1,215	1,587	1,652
Borrowings	274	239	173	142	90	30	61	91	68	54	58	105	72
Other Liabilities	595	586	532	593	637	601	689	865	1,114	957	1,207	1,490	1,653
Total Liabilities	1,074	1,050	1,042	1,157	1,235	1,252	1,488	1,759	2,061	2,046	2,493	3,195	3,391
Fixed Assets	160	136	121	118	198	190	191	226	235	228	293	337	407
CWIP	42	69	79	85	1	0	0	0	0	0	1	7	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	872	846	841	954	1,036	1,062	1,296	1,533	1,826	1,818	2,199	2,851	2,984
Total Assets	1,074	1,050	1,042	1,157	1,235	1,252	1,488	1,759	2,061	2,046	2,493	3,195	3,391

Below is a detailed analysis of the balance sheet data for Ahluwalia Contracts (India) Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 13.00 Cr..
For Reserves, as of Sep 2024, the value is 1,652.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,587.00 Cr. (Mar 2024) to 1,652.00 Cr., marking an increase of 65.00 Cr..
For Borrowings, as of Sep 2024, the value is 72.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 105.00 Cr. (Mar 2024) to 72.00 Cr., marking a decrease of 33.00 Cr..
For Other Liabilities, as of Sep 2024, the value is 1,653.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,490.00 Cr. (Mar 2024) to 1,653.00 Cr., marking an increase of 163.00 Cr..
For Total Liabilities, as of Sep 2024, the value is 3,391.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,195.00 Cr. (Mar 2024) to 3,391.00 Cr., marking an increase of 196.00 Cr..
For Fixed Assets, as of Sep 2024, the value is 407.00 Cr.. The value appears strong and on an upward trend. It has increased from 337.00 Cr. (Mar 2024) to 407.00 Cr., marking an increase of 70.00 Cr..
For CWIP, as of Sep 2024, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7.00 Cr. (Mar 2024) to 0.00 Cr., marking a decrease of 7.00 Cr..
For Investments, as of Sep 2024, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is 2,984.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,851.00 Cr. (Mar 2024) to 2,984.00 Cr., marking an increase of 133.00 Cr..
For Total Assets, as of Sep 2024, the value is 3,391.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,195.00 Cr. (Mar 2024) to 3,391.00 Cr., marking an increase of 196.00 Cr..

Notably, the Reserves (1,652.00 Cr.) exceed the Borrowings (72.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-10	21	93	77	126	81	86	110	259	66	301	257
Cash from Investing Activity +	10	33	21	-25	-9	-20	-43	-46	-48	-101	-166	-310
Cash from Financing Activity +	-7	-69	-98	-57	-70	-70	19	-36	-51	-44	-16	21
Net Cash Flow	-7	-15	16	-6	48	-8	62	27	160	-79	120	-31

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-306.00	-203.00	-58.00	19.00	83.00	189.00	155.00	62.00	86.00	203.00	246.00	283.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	107	154	144	146	132	125	108	96	69	60	78	71
Inventory Days	74	138	112	123	101	91	71	90	119	72	65	63
Days Payable	135	233	182	177	177	182	202	212	257	183	180	139
Cash Conversion Cycle	46	58	74	92	55	34	-23	-27	-69	-52	-37	-6
Working Capital Days	11	37	37	68	54	48	63	49	35	33	39	65
ROCE %	-11%	8%	22%	29%	27%	32%	27%	16%	16%	25%	25%	24%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	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	12.31%	12.28%	12.30%	12.19%	11.50%	11.75%	12.60%	12.66%	13.32%	13.25%	12.85%	12.51%
DIIs	27.81%	27.52%	27.45%	27.19%	27.97%	27.40%	26.65%	26.40%	26.04%	25.32%	24.96%	24.70%
Public	4.56%	4.89%	4.94%	5.31%	5.21%	5.55%	5.43%	5.61%	5.32%	6.11%	6.87%	7.48%
No. of Shareholders	10,186	10,701	10,555	11,869	11,097	12,653	12,792	15,723	19,876	25,169	34,897	37,567

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Small Cap Fund	4,500,000	1.61	368.35	4,500,000	2025-04-22 14:12:25	0%
Axis Small Cap Fund	3,931,533	1.8	321.82	3,931,533	2025-04-22 15:57:00	0%
Aditya Birla Sun Life Multi-Cap Fund	604,305	1.06	49.47	604,305	2025-04-22 15:57:00	0%
Edelweiss Small Cap Fund	540,851	1.58	44.27	540,851	2025-04-22 15:57:00	0%
SBI Infrastructure Fund	450,000	2.33	36.83	450,000	2025-04-22 15:57:00	0%
Bandhan Infrastructure Fund	431,238	3.85	29.3	431,238	2025-04-22 15:57:00	0%
Aditya Birla Sun Life Infrastructure Fund	218,427	2.22	17.88	218,427	2025-04-22 15:57:00	0%
Motilal Oswal Nifty Microcap 250 Index Fund	33,365	0.48	2.73	33,365	2025-04-22 15:57:00	0%
HSBC Infrastructure Equity Fund - OLD	32,537	1.17	1.42	32,537	2025-04-22 15:57:00	0%
Groww Nifty Total Market Index Fund	82	0.02	0.01	82	2025-04-22 15:57:00	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	55.95	28.96	23.17	11.52	9.61
Diluted EPS (Rs.)	55.95	28.96	23.17	11.52	9.61
Cash EPS (Rs.)	66.03	34.77	28.18	16.07	14.37
Book Value[Excl.RevalReserv]/Share (Rs.)	238.84	183.37	154.53	131.18	119.85
Book Value[Incl.RevalReserv]/Share (Rs.)	238.84	183.37	154.53	131.18	119.85
Revenue From Operations / Share (Rs.)	575.52	423.72	401.93	295.90	281.38
PBDIT / Share (Rs.)	63.47	49.81	42.65	26.35	24.39
PBIT / Share (Rs.)	53.48	44.02	37.64	21.81	19.64
PBT / Share (Rs.)	75.41	39.08	31.11	15.45	14.41
Net Profit / Share (Rs.)	56.05	28.98	23.17	11.52	9.61
NP After MI And SOA / Share (Rs.)	55.95	28.96	23.17	11.52	9.61
PBDIT Margin (%)	11.02	11.75	10.61	8.90	8.66
PBIT Margin (%)	9.29	10.38	9.36	7.36	6.97
PBT Margin (%)	13.10	9.22	7.73	5.22	5.12
Net Profit Margin (%)	9.73	6.83	5.76	3.89	3.41
NP After MI And SOA Margin (%)	9.72	6.83	5.76	3.89	3.41
Return on Networth / Equity (%)	23.42	15.79	14.99	8.78	8.02
Return on Capital Employeed (%)	18.09	21.41	21.65	13.42	14.25
Return On Assets (%)	11.73	7.77	7.58	3.74	3.66
Total Debt / Equity (X)	0.02	0.00	0.00	0.01	0.05
Asset Turnover Ratio (%)	1.36	1.25	1.31	1.04	1.16
Current Ratio (X)	2.17	1.80	1.77	1.60	1.54
Quick Ratio (X)	1.91	1.58	1.49	1.30	1.27
Inventory Turnover Ratio (X)	6.57	5.60	4.60	3.55	4.08
Dividend Payout Ratio (NP) (%)	0.71	1.03	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.60	0.86	0.00	0.00	0.00
Earning Retention Ratio (%)	99.29	98.97	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	99.40	99.14	0.00	0.00	0.00
Interest Coverage Ratio (X)	8.83	10.09	6.53	4.14	4.67
Interest Coverage Ratio (Post Tax) (X)	4.75	6.87	4.55	2.81	2.84
Enterprise Value (Cr.)	6097.02	3286.17	2720.08	1602.57	1008.88
EV / Net Operating Revenue (X)	1.58	1.16	1.01	0.80	0.53
EV / EBITDA (X)	14.34	9.85	9.52	9.08	6.17
MarketCap / Net Operating Revenue (X)	1.77	1.36	1.17	1.01	0.63
Retention Ratios (%)	99.28	98.96	0.00	0.00	0.00
Price / BV (X)	4.27	3.15	3.05	2.28	1.50
Price / Net Operating Revenue (X)	1.77	1.36	1.17	1.01	0.63
EarningsYield	0.05	0.05	0.04	0.03	0.05

After reviewing the key financial ratios for Ahluwalia Contracts (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 55.95. This value is within the healthy range. It has increased from 28.96 (Mar 23) to 55.95, marking an increase of 26.99.
For Diluted EPS (Rs.), as of Mar 24, the value is 55.95. This value is within the healthy range. It has increased from 28.96 (Mar 23) to 55.95, marking an increase of 26.99.
For Cash EPS (Rs.), as of Mar 24, the value is 66.03. This value is within the healthy range. It has increased from 34.77 (Mar 23) to 66.03, marking an increase of 31.26.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 238.84. It has increased from 183.37 (Mar 23) to 238.84, marking an increase of 55.47.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 238.84. It has increased from 183.37 (Mar 23) to 238.84, marking an increase of 55.47.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 575.52. It has increased from 423.72 (Mar 23) to 575.52, marking an increase of 151.80.
For PBDIT / Share (Rs.), as of Mar 24, the value is 63.47. This value is within the healthy range. It has increased from 49.81 (Mar 23) to 63.47, marking an increase of 13.66.
For PBIT / Share (Rs.), as of Mar 24, the value is 53.48. This value is within the healthy range. It has increased from 44.02 (Mar 23) to 53.48, marking an increase of 9.46.
For PBT / Share (Rs.), as of Mar 24, the value is 75.41. This value is within the healthy range. It has increased from 39.08 (Mar 23) to 75.41, marking an increase of 36.33.
For Net Profit / Share (Rs.), as of Mar 24, the value is 56.05. This value is within the healthy range. It has increased from 28.98 (Mar 23) to 56.05, marking an increase of 27.07.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 55.95. This value is within the healthy range. It has increased from 28.96 (Mar 23) to 55.95, marking an increase of 26.99.
For PBDIT Margin (%), as of Mar 24, the value is 11.02. This value is within the healthy range. It has decreased from 11.75 (Mar 23) to 11.02, marking a decrease of 0.73.
For PBIT Margin (%), as of Mar 24, the value is 9.29. This value is below the healthy minimum of 10. It has decreased from 10.38 (Mar 23) to 9.29, marking a decrease of 1.09.
For PBT Margin (%), as of Mar 24, the value is 13.10. This value is within the healthy range. It has increased from 9.22 (Mar 23) to 13.10, marking an increase of 3.88.
For Net Profit Margin (%), as of Mar 24, the value is 9.73. This value is within the healthy range. It has increased from 6.83 (Mar 23) to 9.73, marking an increase of 2.90.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.72. This value is within the healthy range. It has increased from 6.83 (Mar 23) to 9.72, marking an increase of 2.89.
For Return on Networth / Equity (%), as of Mar 24, the value is 23.42. This value is within the healthy range. It has increased from 15.79 (Mar 23) to 23.42, marking an increase of 7.63.
For Return on Capital Employeed (%), as of Mar 24, the value is 18.09. This value is within the healthy range. It has decreased from 21.41 (Mar 23) to 18.09, marking a decrease of 3.32.
For Return On Assets (%), as of Mar 24, the value is 11.73. This value is within the healthy range. It has increased from 7.77 (Mar 23) to 11.73, marking an increase of 3.96.
For Total Debt / Equity (X), as of Mar 24, the value is 0.02. This value is within the healthy range. It has increased from 0.00 (Mar 23) to 0.02, marking an increase of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.36. It has increased from 1.25 (Mar 23) to 1.36, marking an increase of 0.11.
For Current Ratio (X), as of Mar 24, the value is 2.17. This value is within the healthy range. It has increased from 1.80 (Mar 23) to 2.17, marking an increase of 0.37.
For Quick Ratio (X), as of Mar 24, the value is 1.91. This value is within the healthy range. It has increased from 1.58 (Mar 23) to 1.91, marking an increase of 0.33.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 6.57. This value is within the healthy range. It has increased from 5.60 (Mar 23) to 6.57, marking an increase of 0.97.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.71. This value is below the healthy minimum of 20. It has decreased from 1.03 (Mar 23) to 0.71, marking a decrease of 0.32.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.60. This value is below the healthy minimum of 20. It has decreased from 0.86 (Mar 23) to 0.60, marking a decrease of 0.26.
For Earning Retention Ratio (%), as of Mar 24, the value is 99.29. This value exceeds the healthy maximum of 70. It has increased from 98.97 (Mar 23) to 99.29, marking an increase of 0.32.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 99.40. This value exceeds the healthy maximum of 70. It has increased from 99.14 (Mar 23) to 99.40, marking an increase of 0.26.
For Interest Coverage Ratio (X), as of Mar 24, the value is 8.83. This value is within the healthy range. It has decreased from 10.09 (Mar 23) to 8.83, marking a decrease of 1.26.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 4.75. This value is within the healthy range. It has decreased from 6.87 (Mar 23) to 4.75, marking a decrease of 2.12.
For Enterprise Value (Cr.), as of Mar 24, the value is 6,097.02. It has increased from 3,286.17 (Mar 23) to 6,097.02, marking an increase of 2,810.85.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.58. This value is within the healthy range. It has increased from 1.16 (Mar 23) to 1.58, marking an increase of 0.42.
For EV / EBITDA (X), as of Mar 24, the value is 14.34. This value is within the healthy range. It has increased from 9.85 (Mar 23) to 14.34, marking an increase of 4.49.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.77. This value is within the healthy range. It has increased from 1.36 (Mar 23) to 1.77, marking an increase of 0.41.
For Retention Ratios (%), as of Mar 24, the value is 99.28. This value exceeds the healthy maximum of 70. It has increased from 98.96 (Mar 23) to 99.28, marking an increase of 0.32.
For Price / BV (X), as of Mar 24, the value is 4.27. This value exceeds the healthy maximum of 3. It has increased from 3.15 (Mar 23) to 4.27, marking an increase of 1.12.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.77. This value is within the healthy range. It has increased from 1.36 (Mar 23) to 1.77, marking an increase of 0.41.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ahluwalia Contracts (India) Ltd as of May 23, 2025 is: 1,163.59

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.

As of May 23, 2025, Ahluwalia Contracts (India) Ltd is Undervalued by 24.45% compared to the current share price 935.00

Intrinsic Value of Ahluwalia Contracts (India) Ltd as of May 23, 2025 is: 1,544.65

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 23, 2025, Ahluwalia Contracts (India) Ltd is Undervalued by 65.20% compared to the current share price 935.00

Last 5 Year EPS CAGR: 32.75%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 20.00%, which is a positive sign. The company has higher reserves (776.62 cr) compared to borrowings (112.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (75.38 cr) and profit (171.23 cr) over the years.	The stock has a high average Working Capital Days of 44.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 12.08, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ahluwalia Contracts (India) Ltd:
1. Net Profit Margin: 9.73%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.09% (Industry Average ROCE: 14.93%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 23.42% (Industry Average ROE: 9.17%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.75
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.91
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 35.6 (Industry average Stock P/E: 25.1)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

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 carried out on own-account basis or on a fee or contract basis. Company's Total Operating Revenue is Rs. 3855.30 Cr. and Equity Capital is Rs. 13.40 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	A-177, Okhla Industrial Area, New Delhi Delhi 110020	mail@acilnet.com http://www.acilnet.com

Management
Name	Position Held
Mr. Bikramjit Ahluwalia	Managing Director
Mr. Shobhit Uppal	Deputy Managing Director
Mr. Vikas Ahluwalia	Whole Time Director
Mr. Sanjiv Sharma	Whole Time Director
Mr. Rajendra Prashad Gupta	Independent Director
Dr. Sheela Bhide	Independent Director
Mr. Ashok Khurana	Independent Director
Mr. Sunil Kumar Sachdeva	Independent Director

FAQ

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

Ahluwalia Contracts (India) Ltd's intrinsic value (as of 23 May 2025) is ₹1163.59 — 24.45% higher the current market price of 935.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 6,270 Cr. market cap, FY2025-2026 high/low of ₹1,542/620, reserves of 1,652 Cr, and liabilities of 3,391 Cr.

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

The Market Cap of Ahluwalia Contracts (India) Ltd is 6,270 Cr..

What is the current Stock Price of Ahluwalia Contracts (India) Ltd as on 23 May 2025?

The current stock price of Ahluwalia Contracts (India) Ltd as on 23 May 2025 is 935.

What is the High / Low of Ahluwalia Contracts (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ahluwalia Contracts (India) Ltd stocks is ₹1,542/620.

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

The Stock P/E of Ahluwalia Contracts (India) Ltd is 35.6.

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

The Book Value of Ahluwalia Contracts (India) Ltd is 249.

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

The Dividend Yield of Ahluwalia Contracts (India) Ltd is 0.05 %.

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

The ROCE of Ahluwalia Contracts (India) Ltd is 23.8 %.

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

The ROE of Ahluwalia Contracts (India) Ltd is 16.4 %.

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

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