HDFC Securities has buy call on Ahluwalia Contracts (India) with a target price of Rs 568. The current market price of Ahluwalia Contracts (India) is Rs 474.7.
Ahluwalia Contracts (India), incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3166.17 Crore) operating in Construction sector.
Ahluwalia Contracts (India) key Products/Revenue Segments include Contract Revenue, Scrap, Property Development and Lease Rentals for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 750.09 Crore, up 19.17 % from last quarter Total Income of Rs 629.41 Crore and up 8.95 % from last year same quarter Total Income of Rs 688.50 Crore. Company has reported net profit after tax of Rs 44.94 Crore in latest quarter.
The company’s top management includes Mr.Bikramjit Ahluwalia, Mr.Shobhit Uppal, Mr.Vikas Ahluwalia, Mr.Sanjiv Sharma, Dr.Sushil Chandra, Mr.Arun Kumar Gupta, Mr.Rajendra Prashad Gupta, Dr.Sheela Bhide. Company has Amod Agrawal & Associates as its auditors. As on 31-12-2022, the company has a total of 7 Crore shares outstanding.
Investment Rationale
Margin is expected to improve from FY24 with softening of commodity prices, a narrower gap of indices with input prices, slightly lesser competitive intensity and new projects bid at elevated input price assumption. FYTD23 order inflow (OI) came in at INR 40.2bn with Q4FY23 guidance of another INR 5bn.
Promoter/FII Holdings
Promoters held 55.32 per cent stake in the company as of 31-Dec-2022, while FIIs owned 12.19 per cent, DIIs 27.19 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
