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Last Updated: April 2, 2026, 2:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532811 | NSE: AHLUCONT

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

Fair Value

₹464.90Overvalued by 31.53%vs CMP ₹679.00

P/E (17.0) × ROE (11.9%) × BV (₹287.00) × DY (0.09%)

₹486.96Overvalued by 28.28%vs CMP ₹679.00
MoS: -39.4% (Negative)Confidence: 61/100 (Moderate)Models: 2 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹518.2323%Over (-23.7%)
Graham NumberEarnings₹507.4716%Over (-25.3%)
Earnings PowerEarnings₹274.2111%Over (-59.6%)
DCFCash Flow₹691.1214%Fair (+1.8%)
Net Asset ValueAssets₹287.127%Over (-57.7%)
EV/EBITDAEnterprise₹599.169%Over (-11.8%)
Earnings YieldEarnings₹398.807%Over (-41.3%)
ROCE CapitalReturns₹333.617%Over (-50.9%)
Revenue MultipleRevenue₹611.705%Fair (-9.9%)
Consensus (9 models)₹486.96100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.5%

*Investments are subject to market risks

Analyst Summary

Ahluwalia Contracts (India) Ltd operates in the Construction, Contracting & Engineering segment, NSE: AHLUCONT | BSE: 532811, current market price is ₹679.00, market cap is 4,550 Cr.. At a glance, stock P/E is 17.0, ROE is 11.9 %, ROCE is 18.5 %, book value is 287, dividend yield is 0.09 %. The latest intrinsic value estimate is ₹486.96, around 28.3% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹4,099 Cr versus the prior period change of 6.3%, while latest net profit is about ₹202 Cr with a prior-period change of -46.1%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 1,129/645, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAhluwalia 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…

This summary is generated from the stock page data available for Ahluwalia Contracts (India) Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
Ahluwalia Contracts (India) Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 18.5% GoodROE 11.9% AverageD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 1.46% (6mo) AccumulatingDII holding down 0.96% MF sellingPromoter holding at 55.3% Stable
Earnings Quality60/100 · Moderate
OPM stable around 9% SteadyWorking capital: 56 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +6% YoY GrowingProfit (4Q): -23% YoY DecliningOPM: 11.0% (up 4.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 17.0 vs industry 19.4 In-lineROCE 18.5% vs industry 14.0% Above peers3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:34 am

Market Cap 4,550 Cr.
Current Price 679
Intrinsic Value₹486.96
High / Low 1,129/645
Stock P/E17.0
Book Value 287
Dividend Yield0.09 %
ROCE18.5 %
ROE11.9 %
Face Value 2.00
PEG Ratio1.48

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

View Share Price Target for Ahluwalia Contracts (India) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ahluwalia Contracts (India) Ltd 4,550 Cr. 679 1,129/64517.0 2870.09 %18.5 %11.9 % 2.00
Ashoka Buildcon Ltd 3,109 Cr. 111 231/1012.97 1500.00 %39.7 %54.8 % 5.00
Marathon Nextgen Realty Ltd 2,668 Cr. 396 775/36812.5 3260.25 %12.0 %13.2 % 5.00
Mangalam Cement Ltd 2,195 Cr. 798 940/64027.0 3270.19 %9.87 %5.70 % 10.0
IRB Infrastructure Developers Ltd 26,101 Cr. 21.6 27.2/18.532.7 16.90.69 %7.82 %5.91 % 1.00
Industry Average89,147.00 Cr628.2719.35214.440.24%13.97%16.65%5.56

All Competitor Stocks of Ahluwalia Contracts (India) Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 6237438637649021,0261,1649191,0119521,2161,0051,177
Expenses 5616727536818129151,0598599388681,0929191,049
Operating Profit 6271110839011210460738412486128
OPM % 10%10%13%11%10%11%9%7%7%9%10%9%11%
Other Income 779789207111215181615
Interest 771111111214151615131215
Depreciation 9111012131429151718172122
Profit before tax 52609867749526941536711270106
Tax % 25%25%26%26%26%26%26%26%27%26%26%26%26%
Net Profit 394572505571200313850835179
EPS in Rs 5.846.7210.777.428.2210.5529.834.565.737.3912.447.6411.73

Last Updated: January 2, 2026, 2:39 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 2:17 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9611,0601,2501,4271,6471,7551,8851,9822,6922,8383,8554,0994,459
Expenses 9259451,0891,2541,4271,5381,7321,8282,4352,5343,4673,7574,025
Operating Profit 36115161173219216153154257304388342434
OPM % 4%11%13%12%13%12%8%8%10%11%10%8%10%
Other Income 3711138610102228302325664
Interest 39393527251935434433485851
Depreciation 12212024262832303439676786
Profit before tax 226711913117517997103208262504273361
Tax % 0%4%29%34%34%35%33%25%26%26%26%26%
Net Profit 226484861151176477155194375202267
EPS in Rs 3.469.5612.6012.8417.2317.519.6111.5223.1728.9655.9630.1739.88
Dividend Payout % 0%0%0%0%2%2%0%0%1%1%1%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)190.91%31.25%2.38%33.72%1.74%-45.30%20.31%101.30%25.16%93.30%-46.13%
Change in YoY Net Profit Growth (%)0.00%-159.66%-28.87%31.34%-31.98%-47.04%65.61%80.99%-76.14%68.14%-139.43%

Ahluwalia Contracts (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:17%
3 Years:15%
TTM:4%
Compounded Profit Growth
10 Years:12%
5 Years:26%
3 Years:9%
TTM:4%
Stock Price CAGR
10 Years:16%
5 Years:30%
3 Years:30%
1 Year:-19%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:15%
Last Year:12%

Last Updated: September 4, 2025, 10:25 pm

Balance Sheet

Last Updated: April 6, 2026, 1:30 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131313131313131313131313
Reserves 2143244094956087247898651,0221,2151,5871,7851,911
Borrowings 239173142903061916854581057675
Other Liabilities 5865325936376016898681,1149571,2071,4901,8311,947
Total Liabilities 1,0501,0421,1571,2351,2521,4881,7622,0612,0462,4933,1953,7063,946
Fixed Assets 136121118198190191226235228293337456551
CWIP 69798510000017120
Investments 0000000000000
Other Assets 8468419541,0361,0621,2961,5351,8261,8182,1992,8513,2383,395
Total Assets 1,0501,0421,1571,2351,2521,4881,7622,0612,0462,4933,1953,7063,946

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 219377126818611025966301257359
Cash from Investing Activity + 3321-25-9-20-43-46-48-101-166-310-323
Cash from Financing Activity + -69-98-57-70-7019-36-51-44-1621-52
Net Cash Flow -1516-648-86227160-79120-31-16
Free Cash Flow 7715510663567322439198145171
CFO/OP 115%49%52%80%62%76%102%188%49%115%102%134%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-203.00-58.0019.0083.00189.00155.0062.0086.00203.00246.00283.00266.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 154144146132125108966960787170
Inventory Days 13811212310191719011972656369
Days Payable 233182177177182202212257183180139172
Cash Conversion Cycle 5874925534-23-27-69-52-37-6-33
Working Capital Days -37-1429314151403133396056
ROCE %8%22%29%27%32%27%16%16%25%25%24%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 11.50%11.75%12.60%12.66%13.32%13.25%12.85%12.51%12.07%12.44%12.85%13.53%
DIIs 27.97%27.40%26.65%26.40%26.04%25.32%24.96%24.70%24.33%24.26%23.80%23.37%
Public 5.21%5.55%5.43%5.61%5.32%6.11%6.87%7.48%8.27%7.98%8.01%7.79%
No. of Shareholders 11,09712,65312,79215,72319,87625,16934,89737,56738,98637,37636,53535,476

Shareholding Pattern Chart

No. of Shareholders

Ahluwalia Contracts (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund 4,500,000 1.13 388.784,500,0002025-04-22 14:12:250%
Axis Small Cap Fund 3,220,147 1.09 278.23,931,5332025-07-03 12:05:08-18.09%
SBI Infrastructure Fund 1,200,000 2.28 103.67900,0002025-12-08 07:55:2333.33%
DSP ELSS Tax Saver Fund 1,146,967 0.58 99.09N/AN/AN/A
Canara Robeco Small Cap Fund 863,656 0.59 74.62839,3332025-12-08 07:55:232.9%
DSP Large & Mid Cap Fund 800,098 0.4 69.12N/AN/AN/A
Franklin India Small Cap Fund 748,886 0.51 64.7991,5762026-02-23 07:14:34-24.48%
Edelweiss Small Cap Fund 540,851 0.87 46.73540,8512025-04-22 15:57:000%
DSP India T.I.G.E.R. Fund 491,093 0.82 42.43N/AN/AN/A
Bandhan Infrastructure Fund 440,244 2.66 38.03451,2352026-02-23 07:14:34-2.44%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 30.1755.9528.9623.1711.52
Diluted EPS (Rs.) 30.1755.9528.9623.1711.52
Cash EPS (Rs.) 40.0666.0334.7728.1816.07
Book Value[Excl.RevalReserv]/Share (Rs.) 268.48238.84183.37154.53131.18
Book Value[Incl.RevalReserv]/Share (Rs.) 268.48238.84183.37154.53131.18
Revenue From Operations / Share (Rs.) 611.85575.52423.72401.93295.90
PBDIT / Share (Rs.) 59.3263.4749.8142.6526.35
PBIT / Share (Rs.) 49.3753.4844.0237.6421.81
PBT / Share (Rs.) 40.6975.4139.0831.1115.45
Net Profit / Share (Rs.) 30.1156.0528.9823.1711.52
NP After MI And SOA / Share (Rs.) 30.1755.9528.9623.1711.52
PBDIT Margin (%) 9.6911.0211.7510.618.90
PBIT Margin (%) 8.069.2910.389.367.36
PBT Margin (%) 6.6513.109.227.735.22
Net Profit Margin (%) 4.929.736.835.763.89
NP After MI And SOA Margin (%) 4.939.726.835.763.89
Return on Networth / Equity (%) 11.2323.4215.7914.998.78
Return on Capital Employeed (%) 14.4618.0921.4121.6513.42
Return On Assets (%) 5.4511.737.777.583.74
Total Debt / Equity (X) 0.010.020.000.000.01
Asset Turnover Ratio (%) 1.191.361.251.311.04
Current Ratio (X) 2.122.171.801.771.60
Quick Ratio (X) 1.881.911.581.491.30
Inventory Turnover Ratio (X) 12.5113.775.604.603.55
Dividend Payout Ratio (NP) (%) 1.650.711.030.000.00
Dividend Payout Ratio (CP) (%) 1.240.600.860.000.00
Earning Retention Ratio (%) 98.3599.2998.970.000.00
Cash Earning Retention Ratio (%) 98.7699.4099.140.000.00
Interest Coverage Ratio (X) 6.848.8310.096.534.14
Interest Coverage Ratio (Post Tax) (X) 4.474.756.874.552.81
Enterprise Value (Cr.) 4520.856097.023286.172720.081602.57
EV / Net Operating Revenue (X) 1.101.581.161.010.80
EV / EBITDA (X) 11.3814.349.859.529.08
MarketCap / Net Operating Revenue (X) 1.331.771.361.171.01
Retention Ratios (%) 98.3499.2898.960.000.00
Price / BV (X) 3.044.273.153.052.28
Price / Net Operating Revenue (X) 1.331.771.361.171.01
EarningsYield 0.030.050.050.040.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 4098.62 Cr. and Equity Capital is Rs. 13.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringA-177, Okhla Industrial Area, New Delhi Delhi 110020Contact not found
Management
NamePosition Held
Mr. Bikramjit AhluwaliaChairman & Managing Director
Mr. Shobhit UppalDeputy Managing Director
Mr. Vikas AhluwaliaWhole Time Director
Mr. Sanjiv SharmaWhole Time Director
Mr. Rajendra Prashad GuptaIndependent Director
Dr. Sheela BhideIndependent Director
Mr. Ashok KhuranaIndependent Director
Mr. Sunil Kumar SachdevaIndependent Director

FAQ

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

As of 21 April 2026, Ahluwalia Contracts (India) Ltd's intrinsic value is ₹486.96, which is 28.28% lower than the current market price of ₹679.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.9 %), book value (₹287), dividend yield (0.09 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ahluwalia Contracts (India) Ltd?

Ahluwalia Contracts (India) Ltd is trading at ₹679.00 as of 21 April 2026, with a FY2026-2027 high of ₹1,129 and low of ₹645. The stock is currently near its 52-week low. Market cap stands at ₹4,550 Cr..

How does Ahluwalia Contracts (India) Ltd's P/E ratio compare to its industry?

Ahluwalia Contracts (India) Ltd has a P/E ratio of 17.0, which is below the industry average of 19.35. This is broadly in line with or below the industry average.

Is Ahluwalia Contracts (India) Ltd financially healthy?

Key indicators for Ahluwalia Contracts (India) Ltd: ROCE of 18.5 % indicates efficient capital utilization. Dividend yield is 0.09 %.

Is Ahluwalia Contracts (India) Ltd profitable and how is the profit trend?

Ahluwalia Contracts (India) Ltd reported a net profit of ₹202 Cr in Mar 2025 on revenue of ₹4,099 Cr. Compared to ₹155 Cr in Mar 2022, the net profit shows an improving trend.

Does Ahluwalia Contracts (India) Ltd pay dividends?

Ahluwalia Contracts (India) Ltd has a dividend yield of 0.09 % at the current price of ₹679.00. The company pays dividends, though the yield is modest.

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
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