MarketFriction

Ahluwalia Contracts (India) Ltd

NSE AHLUCONT · BSE 532811 · Civil Construction
₹555.90 +1.06%
NSE close2026-10-01
52 week range542.80 - 1,077.95
Market cap₹3,695 Cr.
P/E16.4
Price band 20% Delivery 43.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9021,0261,1649191,0119521,2161,0051,1771,0611,3221,126
Expenses8129151,0598599388681,0929191,0499651,1991,079
Operating Profit90112104607384124861289612447
OPM %10%11%9%7%7%9%10%9%11%9%9%4.2%
Other Income89207111215181615152716
Interest111214151615131215111216
Depreciation131429151718172122262932
Profit before tax7495269415367112701067411014
Tax %26%26%26%26%27%26%26%26%26%27%25%27%
Net Profit5571200313850835179548210
EPS in Rs8.2210.5529.834.565.737.3912.447.6411.738.0712.241.55
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2501,4271,6471,7551,8851,9822,6922,8383,8554,0994,5654,686
Expenses1,0891,2541,4271,5381,7321,8282,4352,5343,4673,7574,1304,291
Operating Profit161173219216153154257304388342435395
OPM %13%12%13%12%8%8%10%11%10%8%10%8%
Other Income13861010222830232567373
Interest352725193543443348585055
Depreciation2024262832303439676798109
Profit before tax11913117517997103208262504273359304
Tax %29%34%34%35%33%25%26%26%26%26%26%
Net Profit84861151176477155194375202266225
EPS in Rs12.6012.8417.2317.519.6111.5223.1728.9655.9630.1739.6933.59
Dividend Payout %0%0%2%2%0%0%1%1%1%2%2%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%18%17%12%
Compounded Profit Growth12%28%11%1%
Stock Price CAGR6%9%-8%-43%
Return on Equity14%15%14%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313131313131313131313
Reserves3244094956087247898651,0221,2151,5871,7852,046
Borrowings173142903061916854581057673
Other Liabilities5325936376016898681,1149571,2071,4901,8312,133
Total Liabilities1,0421,1571,2351,2521,4881,7622,0612,0462,4933,1953,7064,266
Fixed Assets121118198190191226235228293337456634
CWIP798510000017126
Investments000000000000
Other Assets8419541,0361,0621,2961,5351,8261,8182,1992,8513,2383,626
Total Assets1,0421,1571,2351,2521,4881,7622,0612,0462,4933,1953,7064,266
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9377126818611025966301257359281
Cash from Investing Activity21-25-9-20-43-46-48-101-166-310-323-257
Cash from Financing Activity-98-57-70-7019-36-51-44-1621-52-34
Net Cash Flow16-648-86227160-79120-31-16-10
Free Cash Flow71551066356732243919814517116
CFO/OP49%52%80%62%76%102%188%49%115%102%134%87%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days14414613212510896696078717059
Inventory Days1121231019171911197265636966
Days Payable182177177182202212257183180139172157
Cash Conversion Cycle74925534-23-26-69-52-37-6-33-32
Working Capital Days-142931415140313339605655
ROCE %22%29%27%32%27%16%16%25%25%24%18%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%
FIIs12.60%12.66%13.32%13.25%12.85%12.51%12.07%12.44%12.85%13.53%13.74%14.05%
DIIs26.65%26.40%26.04%25.32%24.96%24.70%24.33%24.26%23.80%23.37%22.32%22.32%
Public5.43%5.61%5.32%6.11%6.87%7.48%8.27%7.98%8.01%7.79%8.61%8.32%
No. of Shareholders12,79215,72319,87625,16934,89737,56738,98637,37636,53535,47636,49834,624

Fundamentals

Market Cap₹ 3,695 Cr.
Current Price₹ 552
Stock P/E16.4
Book Value₹ 308
ROCE20.4 %
ROE13.8 %
Dividend Yield0.13 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)1%
Consolidated figures.
Valuation
Market capRs 3,724 Cr
Enterprise valueRs 2,980 Cr
P/E (TTM)16.55x
Price to book1.81x
Price to sales0.79x
EV / EBITDA6.36x
EV / EBIT8.30x
EV / sales0.64x
Price to cash flow13.25x
Earnings yield6.04%
Dividend yield0.13%
P/E, 3-year average20.64x
P/B, 3-year average3.15x
P/E, 5-year average20.43x
P/B, 5-year average3.13x
Profitability
Operating margin (excl. other income)9.52%
Operating margin (incl. other income)11.12%
EBITDA margin9.99%
Pre-tax margin6.48%
Net profit margin4.80%
Net margin, latest quarter0.92%
ROE13.78%
ROCE20.44%
ROA6.67%
ROE, 3-year average17.39%
ROCE, 3-year average25.30%
ROA, 3-year average8.57%
ROE, 5-year average17.11%
ROCE, 5-year average25.10%
ROA, 5-year average8.36%
ROIC (approx.)20.20%
Tax rate25.96%
Other income / net worth3.54%
Growth
Sales growth (latest year)11.38%
Profit growth (latest year)31.56%
Sales CAGR, 3 years17.16%
Sales CAGR, 5 years18.16%
Profit CAGR, 3 years11.08%
Profit CAGR, 5 years28.06%
Sales growth QoQ-14.86%
Profit growth QoQ-87.33%
Sales growth YoY (latest quarter)12.03%
Profit growth YoY (latest quarter)-79.71%
Per share
EPS (TTM)Rs 33.59
EPS (latest year)Rs 39.69
EPS (latest quarter)Rs 1.55
EPS, 3-year averageRs 41.94
EPS, 5-year averageRs 35.59
Book value per shareRs 307.50
Sales per shareRs 699.55
Cash flow per shareRs 41.97
Free cash flow per shareRs 2.39
Dividend per share (latest year)Rs 0.70
Dividend per share, 3-year averageRs 0.60
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout1.76%
Dividend payout, 3-year average1.55%
Dividend payout, 5-year average1.46%
Efficiency
Asset turnover1.07x
Fixed asset turnover7.20x
Inventory turnover10.55x
Inventory days35 days
Debtor days59 days
Debtors turnover6.22x
Creditor days157 days
Cash conversion cycle-32 days
Working capital days55 days
Leverage
Total debtRs 73 Cr
Cash and bankRs 817 Cr
Net debtRs -744 Cr
Debt to equity0.04x
Net debt / EBITDA-1.59x
Interest coverage6.52x
Current ratio (filing 2026-03-31)1.89x
Quick ratio (filing 2026-03-31)1.69x
Trade payables (filing 2026-03-31)Rs 815 Cr
Owners' fund to total sources48.29%
Debt to assets1.71%
Cash flow
Cash from Operating Activity (latest year)Rs 281 Cr
Cash from Investing Activity (latest year)Rs -257 Cr
Cash from Financing Activity (latest year)Rs -34 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 13 Cr
Cash from ops / profit, 5 years1.06x
Sales to cash flow16.24x
Statement figures
Net sales (TTM)Rs 4,686 Cr
Net sales (latest year)Rs 4,565 Cr
Sales (latest quarter)Rs 1,126 Cr
Operating profit excl. other income (latest year)Rs 435 Cr
Operating profit (latest quarter)Rs 47 Cr
Other income (TTM)Rs 73 Cr
EBITDA (TTM)Rs 468 Cr
PBDT (TTM)Rs 413 Cr
Profit before tax (TTM)Rs 304 Cr
Tax (latest year)Rs 93 Cr
Net profit (TTM)Rs 225 Cr
Net profit (latest year)Rs 266 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 109 Cr
Depreciation (latest quarter)Rs 32 Cr
Interest (TTM)Rs 55 Cr
Cost of goods sold (latest year)Rs 3,612 Cr
Total expenditure (latest year)Rs 4,130 Cr
Total income (latest year)Rs 4,638 Cr
Share capitalRs 13 Cr
ReservesRs 2,046 Cr
Shareholders' fundsRs 2,060 Cr
Total assetsRs 4,266 Cr
Net blockRs 634 Cr
Capital work in progressRs 6 Cr
ReceivablesRs 734 Cr
InventoryRs 342 Cr
Other liabilitiesRs 2,133 Cr
Shares outstanding (crore)6.70
Ownership
Promoter holding55.32% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 16.6 is at the 11th percentile of its own 9.4-year range (median 22.3, low 9.5, high 45.1).
P/B 1.81 is at the 4th percentile (median 3.27).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAHLUCONTNifty 50Difference
1 week-4.6%-2.8% -1.8 pts
1 month-9.2%-6.8% -2.4 pts
3 months-33.0%-7.6% -25.4 pts
6 months-15.2%+0.4% -15.6 pts
1 year-44.1%-9.9% -34.2 pts
2 years-53.6%-13.6% -40.0 pts
3 years-21.0%+14.2% -35.2 pts
5 years+57.2%+27.9% +29.3 pts
25 mutual fund schemes hold about ₹895 Cr. Over three months 10 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Small Cap Fund0.65%279 +2%
Axis Small Cap Fund0.63%198 +0%
SBI Infrastructure Fund1.54%74 +9%
DSP ELSS Tax Saver Fund0.43%71 +7%
Canara Rob Small Cap Fund0.36%53 +3%
DSP Large & Mid Cap Fund0.27%49 +5%
Edelweiss Small Cap Fund0.46%33 -2%
DSP India T.I.G.E.R Fund0.47%30 +5%
Bandhan Infrastructure Fund1.87%27 +15%
HDFC Infrastructure Fund0.87%20 +26%
HSBC Business Cycles Fund1.39%17 +4%
ICICI Pru Housing Opp Fund0.43%12 +134%
Aditya Birla SL Infrastructure Fund0.83%10 +6%
HSBC Infrastructure Fund0.28%7 +7%
Bajaj Finserv Small Cap Fund0.20%5 -67%
Motilal Oswal Nifty Microcap 250 Index Fund0.19%5 +1%
Taurus Mid Cap Fund1.33%2 +100%
JioBlackRock Flexi Cap Fund0.04%1 +7%
Taurus Infrastructure Fund1.44%0 +11%
Groww Nifty Total Market Index Fund0.01%0 +3%
Angel One Nifty Total Market Index Fund0.01%0 +3%
Motilal Oswal BSE 1000 Index Fund0.01%0 +3%
The Wealth Company Flexi Cap Fund0.00%0 -100%
Mirae Asset Nifty Total Market Index Fund0.01%0 +3%
Bandhan Nifty Total Market Index Fund0.01%0 +3%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,126 Cr +12.0% vs Jun 2025. Net profit ₹10 Cr -80.4%.
Against our estimate for Jun 2026: sales +1.8%, profit -84.0% miss. Our estimate for Sep 2026: sales Rs 1,299 Cr, profit Rs 73 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-22Dividend - Re 0.70 Per Share
2025-09-22Dividend - Re 0.60 Per Share
2024-09-20Annual General Meeting/Dividend - Rs 0.50 Per Share
2023-09-22Annual General Meeting/Dividend - Re 0.40 Per Share
2022-09-20Annual General Meeting/Dividend - Re 0.30 Per Share
2021-09-16 Annual General Meeting
2020-09-17 Annual General Meeting
2019-09-17 Annual General Meeting/Dividend - Rs 0.30 Per Share
2018-09-12 Annual General Meeting/Dividend Re 0.30 Per Share
2017-09-20 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-21 Annual General Meeting
2014-09-19Annual General Meeting
2013-09-19Annual General Meeting
2012-09-17Annual General Meeting
2011-09-15Annual General Meeting And Dividend Re.0.40 Per Share
2010-09-08Annual General Meeting And Dividend Re.0.80 Per Share
DateTypeWhat it says
2026-09-30General UpdatesGeneral Updates
2026-09-30Shareholder meetingVoting results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-05NCLTM/s Arcon & Associates Vs Ahluwalia Contracts (India) Ltd.
2021-07-28NCLTM/s Arcon & Associates Vs Ahluwalia Contracts (India) Ltd.
2021-07-26NCLTM/s Arcon & Associates Vs Ahluwalia Contracts (India) Ltd.
2021-06-07NCLTM/s Arcon & Associates Vs Ahluwalia Contracts (India) Ltd.
2021-05-12NCLTM/s A2 Interiors Products Pvt Ltd Vs M/s Ahluwalia Contracts India Ltd
2020-12-08NCLTM/s A2 Interiors Products Pvt Ltd Vs M/s Ahluwalia Contracts India Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ahluwalia Contracts (India) Ltd?

Ahluwalia Contracts (India) Ltd (AHLUCONT) has a market capitalisation of Rs 3,695 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ahluwalia Contracts (India) Ltd?

Ahluwalia Contracts (India) Ltd trades at a P/E of 16.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ahluwalia Contracts (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Ahluwalia Contracts (India) Ltd sales was Rs 1,126 Cr (+12.0% vs Jun 2025) and net profit was Rs 10 Cr.

What is the 52-week high and low of Ahluwalia Contracts (India) Ltd?

The 52-week high is Rs 1,077.95 and the 52-week low is Rs 542.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03