Ahluwalia Contracts’ key products/revenue segments include Contract Revenue, Scrap, Lease Rentals, Project Consultancy Services and Property Development for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1233.87 crore, up 27.62% from last quarter Total Income of Rs 966.82 crore and up 4.92% from last year same quarter Total Income of Rs 1176.01 crore. The company has reported net profit after tax of Rs 83.22 crore in the latest quarter. The company’s top management includes Mr.Bikramjit Ahluwalia, Mr.Shobhit Uppal, Mr.Vikas Ahluwalia, Mr.Sanjiv Sharma, Mr.Rajendra Prashad Gupta, Dr.Sheela Bhide, Mr.Ashok Khurana, Mr.Sunil Kumar Sachdeva. Company has Amod Agrawal & Associates as its auditors. As on 31-03-2025, the company has a total of 7 crore shares outstanding.
Investment Rationale
JM Financial likes Ahluwalia Contracts given its asset light business, lean balance sheet, consistent FCF generation over last 10 years and strong return ratios despite moderate margins. Robust backlog of Rs 158 billion provides a strong growth visibility. The brokerage expects robust revenue/EPS CAGR of 23%/46% over FY25-27E led by strong order backlog and recovery in margins. The stock is currently trading at 19x/15x FY26/27E EPS. JM Financial maintains a BUY with a revised price target of Rs 1210 (19x FY27 EPS). Promoter/FII Holdings
Promoters held 55.32 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.07 per cent, DIIs 24.33 per cent.
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