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Swing Capital

Ahluwalia Contracts (India) Ltd

NSE: AHLUCONT BSE: 532811Infra

Company is engaged in engineering and contract construction, delivering state of-the-art infrastructure and buildings projects for clients in India.

₹787
52W: ₹645 — ₹1129
PE 19.7 · Book ₹288 · +173% vs book
Market Cap₹5,272 Cr
Stock P/E19.7Price to Earnings
ROCE18.4%Return on Capital
ROE11.8%Return on Equity
Div. Yield0.08%Face Value ₹2

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.

Weaknesses

  • −Contingent liabilities of Rs.2,507 Cr.
  • −Dividend payout has been low at 1.42% of profits over last 3 years

Shareholding Pattern

Promoters55.32%
FIIs13.74%
DIIs22.32%
Public8.61%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.32%55.32%55.32%55.32%55.32%55.32%55.32%55.32%
FIIs13.25%12.85%▼0.412.51%▼0.312.07%▼0.412.44%▲0.412.85%▲0.413.53%▲0.713.74%▲0.2
DIIs25.32%24.96%▼0.424.7%▼0.324.33%▼0.424.26%▼0.123.8%▼0.523.37%▼0.422.32%▼1.1
Public6.11%6.87%▲0.87.48%▲0.68.27%▲0.87.98%▼0.38.01%▲0.07.79%▼0.28.61%▲0.8

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales9021,0261,1649191,0119521,2161,0051,1771,061
Expenses8129151,0598599388681,0929191,049965
Operating Profit901121046073841248612996
OPM %10%11%9%7%7%9%10%9%11%9%
Net Profit557120031384983517954
EPS ₹8.2610.5529.834.575.737.3712.417.6311.88.06

AI Insights

Revenue Trend

TTM revenue at ₹4,459Cr, up 8.8% YoY. OPM at 10%.

Debt Position

Borrowings at ₹75Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Institutional Flow

DIIs: 22.32% (-5.08pp change). FIIs: 13.74% (+1.99pp change). Promoters hold 55.32%.

Margin & Efficiency

ROCE improving from 10% (Mar 2014) to 18% (Mar 2025). Working capital days: 56.

Valuation

PE 19.7x with 18.4% ROCE. Price is 173% above book value of ₹288. Dividend yield: 0.08%.

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