AHLUCONTConstruction

Ahluwalia Contracts (India) Limited

Civil Construction · ISIN INE758C01029 · BSE 532811 · NSE EQ · FV ₹2
Last price
₹568
-0.30%today
What this company does

Ahluwalia Contracts (India) Limited operates in Civil Construction, part of the Construction sector. It booked ₹1,126 cr of revenue in its latest quarter (Q1 FY27) and kept 0.9% of sales as profit.

The Company is primarily engaged value of the consideration given in exchange in the business of civil construction activities.
In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Construction, on all six measures of filed financials. Each measure is ranked against the 11–23 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
21

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Balance sheet67

How much it owes, and whether earnings cover the interest

Cash quality88

Whether reported profit actually arrives as cash

Growth & consistency77

Whether sales and profit have grown, and how steadily

Valuation60

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Promoters hold 55%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 0.9% net margin
! Profit down 79% vs last year
! Low 2.0% return on equity

What if I invest in AHLUCONT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹568 -0.30%
latest close · 2026-09-17
1-year return
+53.0%
52-wk low ₹34652-wk high ₹852
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio91.5High
LowAverageHigh
P/B ratio1.85Moderate
Below bookModerateHigh
EV / EBITDA13.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.0%Weak
WeakFairStrong ▸15%
Return on capital4.9%Weak
WeakFairStrong
Net margin0.9%Thin
ThinDecentStrong
EBITDA margin5.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover1.9×Risky
RiskyOkayStrong ▸5×
Current ratio1.89Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,802 cr
Book value
₹307
EPS
₹1.55
latest quarter
Net debt
₹-304 cr
more cash than debt
Enterprise value
₹3,498 cr
EBITDA
₹256 cr
annualised
EBIT
₹127 cr
annualised
Operating margin
2.8%
Return on assets
1.0%
Earnings yield
1.09%
P/S
0.84
Sales / share
₹672.3
Tax rate
25.6%
Face value
₹2
Shares
6.7 cr
Working capital
₹1,500 cr
Current assets
₹3,179 cr
Current liabilities
₹1,679 cr
Delivery %
56.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹457 vs market price ₹568 — price is 24% above it
Safety cushion-24.2%(target ≥ +20%)
Models span ₹411₹503, midpoint ₹457
Model ₹457
Price ₹568
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,126 cr
Other Income₹16 cr
Total Income₹1,142 cr
Cost of Materials₹525 cr
Purchases of Stock-in-Trade₹74 cr
Employee Benefit Expense₹120 cr
Finance Costs₹16 cr
Depreciation & Amortisation₹32 cr
Other Expenses₹359 cr
Total Expenses₹1,126 cr
Profit before Tax₹15 cr
Tax Expense₹4 cr
Share of JV / Associates₹-1 cr
Net Profit₹10 cr
Net margin on total income0.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹599 cr52.5%
Employee benefit expense₹120 cr10.5%
Finance costs₹16 cr1.4%
Depreciation & amortisation₹32 cr2.8%
Other expenses₹359 cr31.5%
Tax expense₹4 cr0.3%
Profit for the period₹10 cr0.9%
Total income ₹1,142 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,061 cr1,322 cr1,126 cr
Total income1,076 cr1,348 cr1,142 cr
Expenses1,002 cr1,240 cr1,126 cr
Profit before tax74 cr110 cr15 cr
Tax20 cr28 cr4 cr
Net profit (owners' share)54 cr82 cr10 cr
Net margin (owners' share, on revenue)5.1%6.2%0.9%
EPS (₹)8.0712.241.55
YoY (latest quarter): total income +18.1% · net profit -79.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹4,265 cr
Shareholder equity
₹2,059 cr
parent shareholders
Total debt
₹4 cr
Cash
₹308 cr
Cash flow · H1 FY26
Operating
₹248 cr
Investing
₹-161 cr
Financing
₹-5 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.11%
trailing 12 months
Dividend / share (TTM)
₹0.6
Last dividend
₹0.6
ex 22 Sep 2025
ActionDetailEx-date
Dividend₹0.6 / share22 Sep 2025
Dividend₹0.5 / share20 Sep 2024
Dividend₹0.4 / share22 Sep 2023
Dividend₹0.3 / share20 Sep 2022
Dividend₹0.3 / share17 Sep 2019
Dividend₹0.3 / share12 Sep 2018
Who owns it · 2026-06-30
No pledge
Promoter
55.3%
FII / Foreign
14.1%
DII / Domestic
22.3%
Retail / others
8.3%
Smart-money activity
Insider trades
SoldSudershan Walia · Promoters18.00 L · ₹66.5 cr22 Sep 21
BoughtBikramjit Ahluwallia · Promoters29.48 L29 Jun 21
SoldRohini Ahluwalia · Promoter Group29.48 L29 Jun 21
Bulk / block deals
short · NSE3924 Jul 26
short · NSE15 Mar 26
short · NSE379 Sep 25
Stake changes
SoldNalanda India Fund Limited and Nalanda india equity Fund Ltd→ 9.23% · 19,88320 Dec 24
SoldNalanda India Fund Limited and Nalanda India Equity Fund Limited→ 9.23% · 19,88320 Dec 24
SoldSudershan Walia · promoter→ 30.53% · 18.00 L22 Sep 21
Promoter pledges
ReleasedBank of Maharashtra20.00 L · 2.99% held22 Dec 23
ReleasedYes Bank Ltd Bank of Maharashtra15.00 L · 5.22% held5 Jun 23
ReleasedIDFC Bank5.40 L · 0.81% held24 May 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
Adoption of Financial Statements.
Backed by 100% of shareholders other than promotersneeded 50%
2.39 cr votes for, 8 against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend for the financial year 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
2.39 cr votes for, 8 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Retiring Director
Backed by 93% of shareholders other than promotersneeded 50%
2.22 cr votes for, 16.32 L against · 7% of mutual funds and other big investors said no
4
Appointment of M/s. SCV & co. LLP, Chartered Accountants (ICAI Firm Registration No. N500089), as the statutory auditor of the company.
Backed by 100% of shareholders other than promotersneeded 50%
2.39 cr votes for, 8 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 55.3% between them · as of 2026-06-30
Sudershan Walia30.53%
Bikramjit Ahluwalia16.34%
Shobhit Uppal6.43%
Rachna Uppal1.83%
Mukta Ahluwalia0.05%
Rohini Ahluwalia0.05%
Vikas Ahluwalia0.05%
Tidal Securities Private Limited0.04%
Business done with them
FY2025 · 8 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 0.2% of its ₹4,099 cr revenue.
Shobhit Uppal
Other payments to them · Managerial Remuneration, Dividend Paid, Due to related parties( Remuneration), Termination Benefits
also owns 6.43% of the company
₹2 cr
company paid
Bikramjit Ahluwalia
Other payments to them · Managerial Remuneration, Termination Benefits, Due to related parties (Remuneration), Pledge of Shares, Dividend Paid,
also owns 16.34% of the company
₹2 cr
company paid
Sudershan Walia
Other payments to them · Rent paid, Dividend paid
also owns 30.53% of the company
₹2 cr
company paid
VIKAS AHLUWALIA
Other payments to them · Termination Benefits, Managerial Remuneration, Loan due to Directors, Due to related parties (Remuneration), Dividend Paid
also owns 0.05% of the company
₹1 cr
company paid
Mukta Ahluwalia
Other payments to them · Rent Paid, Dividend Paid
also owns 0.05% of the company
₹9.2 L
company paid
Rachna Uppal
Other payments to them · Dividend Paid
also owns 1.83% of the company
₹6.1 L
company paid
Rohini Ahluwalia
Other payments to them · Dividend paid
also owns 0.05% of the company
₹0.17 L
company paid
TIDAL SECURITIES PRIVATE LIMITED
Other payments to them · Dividend paid
also owns 0.04% of the company
₹0.13 L
company paid

The company also transacted with 9 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.