Ahluwalia Contracts (India) Ltd

AHLUCONT

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Market Cap

₹ 6,433 Cr

P/E

24.50

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

SLUGGISH

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Ahluwalia Contracts (India) Limited is an engineering and construction company focusing on large infrastructure projects, including residential, commercial, IT parks, institutional buildings, and urban infrastructure.

In Q2 FY'26, the company reported a substantial 106.07% increase in PAT from the previous year, showcasing robust financial performance driven by strategic project execution.

With an order inflow of Rs. 4,521.06 crores in FY '26, the company demonstrates a strong acquisition of new contracts, enhancing future revenue streams and showcasing strategic growth.

The company's strategic focus on NCR, despite regional challenges such as labor availability, speaks to its capability in managing logistical complexities and maintaining project timelines.

Ahluwalia's shift towards digital transformation with tools like SAP and Power BI for streamlined project management indicates a commitment to operational efficiency and data-driven decision-making.

Sector

Realty

Industry

Construction - Factories / Offices / Commercial

Market Cap

6,433 Cr

Volatility

Moderate Risk

P/E Ratio

24.5

Industry P/E

35.1

PEG Ratio

1.2

P/B Ratio

3.3

52W High

1,134.95

52W Low

620.65

Sales CAGR

6.31%

15.03%

16.81%

10Y

14.13%

Profit CAGR

-46.09%

9.08%

25.61%

10Y

10.15%

ROE

TTM

13.65%

16.66%

15.34%

10Y

15.28%

ROCE

TTM

16.45%

20.88%

19.96%

10Y

21.30%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Forecasts

No. of Analysts

19

1Y Price Target

1096.93 ▲ 14.89%

Q3 EPS Estimate

Q3 Revenue Estimate

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RUSTOMJEE	534.85	6,751 Cr	65.63	2.42	0.28	3.68	5.04	1.76
GANESHHOU	802.60	6,706 Cr	12.73	3.03	0.62	23.78	31.02	20.03
AHLUCONT	960.40	6,433 Cr	24.50	3.34	0.06	13.65	16.45	6.66
DBREALTY	115.80	6,244 Cr	—	1.54	0.00	-0.09	1.54	0.42
SUNTECK	396.50	5,800 Cr	33.08	1.74	0.38	5.26	7.20	2.01
PURVA	236.55	5,656 Cr	—	3.49	0.00	-17.77	4.06	-1.91
SMARTWORKS	478.40	5,441 Cr	—	10.68	0.00	-6.22	5.76	-0.54

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	764	902	1,026	1,164	919	1,011	952	1,216	1,005	1,177
Expenses	681	812	915	1,059	859	938	868	1,092	919	1,049
Operating Profit	83	90	112	104	60	73	84	124	86	129
OPM %	10.82	9.96	10.90	8.96	6.58	7.26	8.86	10.17	8.59	10.93
Other Income	6.81	8.24	9.02	207	11	12	15	18	16	14
Interest	11	11	12	14	15	16	15	13	12	15
Depreciation	12	13	14	29	15	17	18	17	21	22
Profit Before Tax	67	74	95	269	41	53	67	112	70	106
Tax %	25.62	25.54	25.64	25.74	26.21	26.79	25.94	25.54	26.38	25.80
Net Profit	50	55	71	200	31	39	49	83	51	79
EPS in Rs	7.42	8.22	10.55	29.83	4.56	5.77	7.37	12.44	7.64	11.73

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,427	1,647	1,755	1,885	1,982	2,692	2,838	3,855	4,099	4,184
Expenses	1,253	1,427	1,538	1,732	1,828	2,436	2,534	3,467	3,757	3,816
Operating Profit	174	219	216	153	154	257	304	388	342	368
OPM %	12.17	13.31	12.33	8.12	7.78	9.53	10.71	10.08	8.34	8.79
Other Income	8.36	6.31	9.77	10	22	29	29	231	56	61
Interest	27	25	19	35	43	44	33	48	58	55
Depreciation	24	26	28	32	30	34	39	67	67	72
Profit Before Tax	131	175	179	97	103	208	262	504	273	301
Tax %	34.16	33.98	34.61	33.30	25.40	25.52	25.87	25.70	25.97	26.04
Net Profit	86	115	117	64	77	155	194	375	202	223
EPS in Rs	—	—	17.49	9.62	11.53	23.17	28.96	56.02	30.14	39.18
Dividend Payout %	0.00	1.74	1.71	0.00	0.00	1.29	1.38	0.89	1.99	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	13	13	13	13
Reserves	409	491	608	724	789	865	1,022	1,215	1,587	1,785
Borrowings	133	90	30	61	91	68	54	58	105	76
Other Liabilities	602	638	594	687	866	1,114	957	1,207	1,490	1,831
Total Liabilities	1,157	1,232	1,244	1,485	1,759	2,061	2,046	2,493	3,195	3,706
Fixed Assets	202	107	99	102	110	123	118	185	247	368
CWIP	1.09	0.28	0.31	0.44	0.21	0.38	0.05	0.83	7.32	12
Investments	0.06	92	91	90	116	112	110	108	89	88
Other Assets	954	1,034	1,054	1,294	1,533	1,826	1,818	2,199	2,851	3,238
Total Assets	1,157	1,232	1,244	1,485	1,759	2,061	2,046	2,493	3,195	3,706

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	77	126	81	86	110	259	66	301	257	359
Cash from Investing Activity	-25	-8.69	-20	-43	-46	-48	-101	-166	-310	-323
Cash from Financing Activity	-57	-70	-70	19	-36	-51	-44	-16	21	-52
Net Cash Flow	-5.93	48	-8.50	62	27	160	-79	120	-31	-16

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 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	12.19%	11.50%	11.75%	12.61%	12.66%	13.32%	13.25%	12.86%	12.51%	12.07%	12.44%	12.86%
DIIs	27.19%	27.97%	27.39%	26.65%	26.40%	26.04%	25.31%	24.96%	24.70%	24.33%	24.26%	23.81%
Public	5.31%	5.21%	5.54%	5.43%	5.62%	5.32%	6.11%	6.87%	7.48%	8.28%	7.99%	8.02%
Total Shareholders	11,869	11,097	12,653	12,792	15,723	19,876	25,169	34,897	37,567	38,986	37,376	36,535

Projection

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Announcements

Last 7 days

Newest

Sentiment

Award Announcement

1 day ago

Ahluwalia Contracts Secures Rs. 888.38 Crores Project

Ahluwalia Contracts (India) Ltd has secured a contract worth Rs. 888.38 Crores for the development of Shri Ram Janmabhoomi Tirtha Kshetra in Ayodhya.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q3 FY24

Investor Presentation

Q2 FY24

Investor Presentation

Q2 FY24

Showing 1 - 8 of 10

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Overview

Detailed Summary

In Q2 FY'26, the company reported a substantial 106.07% increase in PAT from the previous year, showcasing robust financial performance driven by strategic project execution.

With an order inflow of Rs. 4,521.06 crores in FY '26, the company demonstrates a strong acquisition of new contracts, enhancing future revenue streams and showcasing strategic growth.

The company's strategic focus on NCR, despite regional challenges such as labor availability, speaks to its capability in managing logistical complexities and maintaining project timelines.

Ahluwalia's shift towards digital transformation with tools like SAP and Power BI for streamlined project management indicates a commitment to operational efficiency and data-driven decision-making.

Sector

Realty

Industry

Construction - Factories / Offices / Commercial

Market Cap

6,433 Cr

Volatility

Moderate Risk

P/E Ratio

24.5

Industry P/E

35.1

PEG Ratio

1.2

P/B Ratio

3.3

52W High

1,134.95

52W Low

620.65

Sales CAGR

6.31%

15.03%

16.81%

10Y

14.13%

Profit CAGR

-46.09%

9.08%

25.61%

10Y

10.15%

ROE

TTM

13.65%

16.66%

15.34%

10Y

15.28%

ROCE

TTM

16.45%

20.88%

19.96%

10Y

21.30%