Securities has buy call on Ahluwalia Contracts (India) with a target price of Rs 542. The current market price of (India) is Rs 447. Time period given by analyst is one year when Ahluwalia Contracts (India) Ltd. price can reach defined target.
Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3005.06 Crore) operating in Construction sector.
Ahluwalia Contracts (India) Ltd. key Products/Revenue Segments include Contract Revenue, Scrap, Property Development and Lease Rentals for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 616.45 Crore, down -16.94 % from last quarter Total Income of Rs 742.20 Crore and up 5.20 % from last year same quarter Total Income of Rs 585.97 Crore. Company reported net profit after tax of Rs 37.77 Crore in latest quarter.
Investment Rationale
The total order inflow in FYTD23 has been INR 28.6bn vs. FY23 OI guidance at INR 25-30bn. AHLU has a bid pipeline amounting to INR 50bn, of which 20% are from private clients. It maintains BUY on the stock, with an unchanged TP of INR 542 (13x multiple Mar-24E EPS).
Promoter/FII Holdings
Promoters held 55.32 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.28 per cent, DIIs 27.52 per cent.
Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3005.06 Crore) operating in Construction sector.
Ahluwalia Contracts (India) Ltd. key Products/Revenue Segments include Contract Revenue, Scrap, Property Development and Lease Rentals for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 616.45 Crore, down -16.94 % from last quarter Total Income of Rs 742.20 Crore and up 5.20 % from last year same quarter Total Income of Rs 585.97 Crore. Company reported net profit after tax of Rs 37.77 Crore in latest quarter.
Investment Rationale
The total order inflow in FYTD23 has been INR 28.6bn vs. FY23 OI guidance at INR 25-30bn. AHLU has a bid pipeline amounting to INR 50bn, of which 20% are from private clients. It maintains BUY on the stock, with an unchanged TP of INR 542 (13x multiple Mar-24E EPS).
Promoter/FII Holdings
Promoters held 55.32 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.28 per cent, DIIs 27.52 per cent.
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