Ahluwalia Contracts (India) Ltd.

•

acilnet.comBSE: 532811NSE: AHLUCONT

Market Cap₹ 4,020 Cr.

Current Price

High / Low₹ 1,078 / 583

Stock P/E17.9

Book Value₹ 309

Price to Book2.12

Dividend Yield0.12 %

ROCE21.1 %

ROE13.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Contract Work: 99.9% • Investment Property: 0.1%

AI Sector View

AI GENERATED

Construction

Buy

Construction fundamentals are strong, led by government and infrastructure spending. Capital expenditure was up 66% YoY (2026-06), cement output grew 13.1% YoY (2026-07), and the sector also benefits from improving housing and GFCF conditions. FPI flows turned supportive with INR 1720 crore net inflow over 3 months to 2026-08-31 from INR -9439 crore in the prior 3 months, reinforcing the positive view.

Confidence

80%

View full sector analysis →

PROS

Company has delivered good profit growth of 28.1% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 26.2%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 18.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.07x)

CONS

Recent results are weak - TTM profit is down 16.4% versus prior year
Contingent liabilities are large at 153.6% of net worth
Though reporting repeated profits, the company pays out little dividend (1.8%)
Growth is decelerating - 3Y profit CAGR (11.1%) trails the 5Y trend (28.1%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ConstructionRealtyConstruction - Real Estate

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	AHLUCONT	600.05	17.86	4019.59	0.12	10.39	-79.71	1125.81	12.03	21.14	4.20

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	764	902	1,026	1,164	919	1,011	952	1,216	1,005	1,177	1,061	1,322	1,126
	681	812	915	1,059	859	938	868	1,092	919	1,049	965	1,199	1,126
Operating Profit	83	90	112	104	60	73	84	124	86	129	96	124	-0
OPM %	10.82%	9.96%	10.90%	8.96%	6.58%	7.26%	8.87%	10.17%	8.59%	10.93%	9.06%	9.35%	-0.03%
	7	8	9	207	11	12	15	18	16	15	15	25	16
Interest	11	11	12	14	15	16	15	13	12	15	11	12	16
Depreciation	12	13	14	29	15	17	18	17	21	22	26	29	32
Profit before Tax	67	74	95	269	41	53	67	112	70	106	74	108	14
Tax %	25.61%	25.47%	25.65%	25.74%	26.18%	26.92%	25.92%	25.56%	26.40%	25.67%	26.71%	25.78%	27.51%
Net Profit	0	0	0	0	31	39	50	83	51	79	54	82	10
	7.42	8.22	10.49	29.83	4.56	5.77	7.39	12.44	7.64	11.73	8.07	12.24	1.55

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,427	1,647	1,755	1,885	1,982	2,692	2,838	3,855	4,099	4,565	4,686
	1,253	1,427	1,538	1,732	1,828	2,436	2,534	3,467	3,761	4,148	4,338
Operating Profit	174	219	216	153	154	256	304	388	337	417	348
OPM %	12.17%	13.31%	12.33%	8.12%	7.78%	9.52%	10.71%	10.07%	8.23%	9.14%	7.43%
	8	6	10	10	22	29	30	232	60	89	71
Interest	27	25	19	35	43	44	33	48	58	50	55
Depreciation	24	26	28	32	30	34	39	67	67	98	109
Profit before Tax	131	175	179	97	103	208	262	504	273	359	303
Tax %	34.16%	33.98%	34.61%	33.30%	25.40%	25.52%	25.87%	25.70%	25.97%	25.96%	26.05%
Net Profit	86	115	117	64	77	155	194	375	202	266	224
EPS	12.87	17.23	17.51	9.61	11.52	23.17	28.96	55.95	30.17	39.69	—
Dividend Payout %	0.00%	1.74%	1.71%	0.00%	0.00%	1.29%	1.38%	0.89%	1.99%	1.76%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 18%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 28%
3 Years:: 11%

STOCK PRICE CAGR

10 Years:: 7%
5 Years:: 9%
3 Years:: -5%
1 Year:: -35%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 17%
3 Years:: 17%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13	13	13	13	13	13	13	13	13	13
	491	608	724	789	865	1,022	1,215	1,587	1,785	2,046
	152	57	124	160	220	125	148	421	495	526
Trade Payables	352	378	429	523	640	619	672	700	847	815
	208	174	168	249	299	241	419	441	530	829
Total Liabilities	1,218	1,230	1,457	1,736	2,038	2,020	2,467	3,162	3,671	4,229
	107	99	102	110	123	118	185	247	368	550
Capital Work in Progress	0	0	0	0	0	0	1	7	7	6
	248	189	148	221	297	242	244	316	339	342
	0	0	0	0	0	0	0	746	785	733
Cash & Bank	123	125	209	244	418	433	588	780	964	817
	740	817	998	1,161	1,200	1,227	1,448	1,066	1,207	1,780
Total Assets	1,218	1,230	1,457	1,736	2,038	2,020	2,467	3,162	3,671	4,229

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	138	137	165	157	291	125	350	257	359	281
Cash from Investing	-9	-20	-43	-46	-48	-101	-166	-310	-323	-257
Cash from Financing	-70	-70	19	-36	-51	-44	-16	21	-52	-34
	48	-9	62	27	160	-79	120	-31	-16	-10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.32	55.32	55.32	55.32	55.32	55.32	55.32	55.32	55.32
	13.25	12.85	12.51	12.07	12.44	12.86	13.53	13.74	14.05
	25.32	24.96	24.70	24.33	24.26	23.80	23.37	22.32	22.32
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.11	6.87	7.48	8.28	7.99	8.02	7.78	8.61	8.31

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Record Date

2026-09-07 - Ahluwalia Contracts (India) Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 22-Sep-2026.

2026-09-07

Shareholders meeting

2026-09-07 - Ahluwalia Contracts (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-03

Shareholders meeting

2026-09-03 - Ahluwalia Contracts (India) Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Ahluwalia Contracts (India) Limited has informed the Exchange about Transcript

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Ahluwalia Contracts (India) Limited has informed the Exchange about Link of Recording

2026-08-17

Investor Presentation

2026-08-17 - Ahluwalia Contracts (India) Limited has informed the Exchange about Investor Presentation

2026-08-17

Record Date

2026-08-17 - Ahluwalia Contracts (India) Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 22-Sep-2026.

2026-08-17

General Updates

2026-08-17 - Ahluwalia Contracts (India) Limited has informed the Exchange about General Updates

2026-08-14

Record Date

2026-08-14 - Ahluwalia Contracts (India) Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 22-Sep-2026.

News

Recent coverage and analyst commentary for AHLUCONT

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AI Stock Analyst

Ahluwalia Contracts (India) Ltd.

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Free 5nance Account

Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

AHLUCONT

600.05

17.86

4019.59

0.12

10.39

-79.71

1125.81

12.03

21.14

4.20

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

764

902

1,026

1,164

919

1,011

952

1,216

1,005

1,177

1,061

1,322

1,126

681

812

915

1,059

859

938

868

1,092

919

1,049

965

1,199

1,126

Operating Profit

112

104

124

129

124

-0

OPM %

10.82%

9.96%

10.90%

8.96%

6.58%

7.26%

8.87%

10.17%

8.59%

10.93%

9.06%

9.35%

-0.03%

207

Interest

Depreciation

Profit before Tax

269

112

106

108

Tax %

25.61%

25.47%

25.65%

25.74%

26.18%

26.92%

25.92%

25.56%

26.40%

25.67%

26.71%

25.78%

27.51%

Net Profit

7.42

8.22

10.49

29.83

4.56

5.77

7.39

12.44

7.64

11.73

8.07

12.24

1.55

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,427

1,647

1,755

1,885

1,982

2,692

2,838

3,855

4,099

4,565

4,686

1,253

1,427

1,538

1,732

1,828

2,436

2,534

3,467

3,761

4,148

4,338

Operating Profit

174

219

216

153

154

256

304

388

337

417

348

OPM %

12.17%

13.31%

12.33%

8.12%

7.78%

9.52%

10.71%

10.07%

8.23%

9.14%

7.43%

232

Interest

Depreciation

109

Profit before Tax

131

175

179

103

208

262

504

273

359

303

Tax %

34.16%

33.98%

34.61%

33.30%

25.40%

25.52%

25.87%

25.70%

25.97%

25.96%

26.05%

Net Profit

115

117

155

194

375

202

266

224

EPS

12.87

17.23

17.51

9.61

11.52

23.17

28.96

55.95

30.17

39.69

—

Dividend Payout %

0.00%

1.74%

1.71%

0.00%

1.29%

1.38%

0.89%

1.99%

1.76%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

491

608

724

789

865

1,022

1,215

1,587

1,785

2,046

152

124

160

220

125

148

421

495

526

Trade Payables

352

378

429

523

640

619

672

700

847

815

208

174

168

249

299

241

419

441

530

829

Total Liabilities

1,218

1,230

1,457

1,736

2,038

2,020

2,467

3,162

3,671

4,229

107

102

110

123

118

185

247

368

550

Capital Work in Progress

248

189

148

221

297

242

244

316

339

342

746

785

733

Cash & Bank

123

125

209

244

418

433

588

780

964

817

740

817

998

1,161

1,200

1,227

1,448

1,066

1,207

1,780

Total Assets

1,218

1,230

1,457

1,736

2,038

2,020

2,467

3,162

3,671

4,229

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

138

137

165

157

291

125

350

257

359

281

Cash from Investing

-9

-20

-43

-46

-48

-101

-166

-310

-323

-257

Cash from Financing

-70

-36

-51

-44

-16

-52

-34

-9

160

-79

120

-31

-16

-10

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

55.32

13.25

12.85

12.51

12.07

12.44

12.86

13.53

13.74

14.05

25.32

24.96

24.70

24.33

24.26

23.80

23.37

22.32

Government

0.00

6.11

6.87

7.48

8.28

7.99

8.02

7.78

8.61

8.31

Ahluwalia Contracts (India) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Ahluwalia Contracts (India) Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI