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Ahluwalia Contracts (India) Limited
(AHLUCONT)
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Rating:61Neutral
Price Target:
₹614.00
▼(-34.74% Downside)
Action:Reiterated
Date:08/25/26
The score is supported primarily by solid financial fundamentals—especially low leverage and long-cycle revenue growth—but is held back by weakened cash conversion and margin volatility. Technicals are the largest near-term drag, with a strong downtrend and bearish momentum despite oversold readings; valuation appears broadly moderate with a very low dividend yield.
Positive Factors
Long-cycle revenue growth
Revenue more than doubled across FY2021–FY2026, demonstrating meaningful expansion in the company’s EPC activity over a multi-year period. This scale growth can support a larger project base, broader execution capacity, and stronger future earnings potential if delivery economics remain controlled.
Negative Factors
Sharp gross-margin compression
The sharp gross-margin decline signals significant deterioration in project-level economics over the latest year. For an EPC contractor, weaker gross margins can reduce the benefit of revenue growth, limit earnings resilience, and leave results more exposed to execution, cost, and contract-pricing variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-cycle revenue growth
Revenue more than doubled across FY2021–FY2026, demonstrating meaningful expansion in the company’s EPC activity over a multi-year period. This scale growth can support a larger project base, broader execution capacity, and stronger future earnings potential if delivery economics remain controlled.
Read all positive factors
Ahluwalia Contracts (India) Limited (AHLUCONT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹38.63B
Dividend Yield0.12%
Average Volume (3M)10.22K
Price to Earnings (P/E)17.3
Beta (1Y)1.28
Revenue Growth12.00%
EPS Growth1.04%
CountryIN
Employees2,995
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)33.59
Shares Outstanding66,987,560
10 Day Avg. Volume6,243
30 Day Avg. Volume10,217
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)2.13
Price to Sales (P/S)0.96
P/FCF Ratio76.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)35.97
Revenue Forecast (FY)₹51.44B
Ahluwalia Contracts (India) Limited Business Overview & Revenue Model
Company Description
Ahluwalia Contracts (India) Limited (ACIL), an Indian construction firm operating with its subsidiaries, categorizes its operations into three main segments: Construction Contracts, Lease Rentals, and other ventures. The company boasts a diverse p...
How the Company Makes Money
AHLUCONT primarily makes money by executing construction/EPC contracts for clients and recognizing revenue as contract obligations are performed (typically based on measured progress/percentage of completion under the applicable accounting standar...
Ahluwalia Contracts (India) Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
86
Very Positive
Cash Flow
53
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.86B | 45.65B | 40.99B | 38.37B | 28.05B | 26.71B |
| Gross Profit | 8.18B | 4.30B | 7.79B | 7.14B | 5.18B | 4.71B |
| EBITDA | 4.46B | 5.08B | 3.98B | 6.05B | 3.33B | 2.74B |
| Net Income | 2.25B | 2.66B | 2.02B | 3.75B | 1.94B | 1.55B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 42.65B | 37.06B | 31.95B | 24.93B | 20.46B |
| Cash, Cash Equivalents and Short-Term Investments | 8.17B | 8.17B | 9.98B | 7.80B | 4.25B | 4.33B |
| Total Debt | 0.00 | 731.40M | 761.32M | 1.05B | 577.98M | 539.28M |
| Total Liabilities | -20.59B | 22.06B | 19.07B | 15.95B | 12.65B | 10.11B |
| Stockholders Equity | 20.59B | 20.59B | 17.98B | 16.00B | 12.28B | 10.35B |
Cash Flow | ||||||
| Free Cash Flow | 1.27B | 573.48M | 1.71B | 1.43B | 1.95B | 376.66M |
| Operating Cash Flow | 2.48B | 3.23B | 3.59B | 2.57B | 3.01B | 657.49M |
| Investing Cash Flow | -1.61B | -3.15B | -3.23B | -3.10B | -1.66B | -1.01B |
| Financing Cash Flow | -54.79M | -183.96M | -524.36M | 207.16M | -160.50M | -441.90M |
Ahluwalia Contracts (India) Limited Technical Analysis
Negative
940.80
Price Trends
730.70
Negative
777.46
Negative
816.92
Negative
Market Momentum
-44.10
Negative
28.33
Positive
27.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AHLUCONT, the sentiment is Negative. The current price of 940.8 is above the 20-day moving average (MA) of 606.03, above the 50-day MA of 730.70, and above the 200-day MA of 816.92, indicating a bearish trend. The MACD of -44.10 indicates Negative momentum. The RSI at 28.33 is Positive, neither overbought nor oversold. The STOCH value of 27.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:AHLUCONT.
Ahluwalia Contracts (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹36.34B | 9.49 | ― | 0.83% | -2.47% | -6.60% | |
61 Neutral | ₹38.63B | 17.34 | ― | 0.12% | 12.00% | 1.04% | |
58 Neutral | ₹68.41B | 5.42 | ― | 0.24% | -18.82% | 46.79% | |
56 Neutral | ₹31.68B | 1.27 | ― | 0.65% | -24.59% | 39.70% | |
56 Neutral | ₹36.06B | 4.89 | ― | 0.43% | -6.48% | 9.02% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹57.21B | 28.14 | ― | 1.34% | -20.64% | -12.46% |
* General Sector Average
IN:AHLUCONT
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Ahluwalia Contracts (India) Limited Corporate Events
Ahluwalia Contracts schedules board meet to review June-quarter unaudited results
Aug 8, 2026
Ahluwalia Contracts (India) Limited has announced that its board of directors will meet on August 14, 2026 to consider the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with a li...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.