Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 1591.29 Crore) operating in Construction sector.
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Promoters held 58 per cent stake in the company as of June 30, 2020, while FIIs held 15 per cent, DIIs 23 per cent and public and others 3.81 per cent.
Edelweiss has given a buy rating to Ahluwalia Contracts with a target price of Rs 304. The share price moved down by 0.15 per cent from its previous close of Rs 238.25. The stock’s last traded price is Rs 237.90.
Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 1591.29 Crore) operating in Construction sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 434.51 Crore, up 73.91 % from last quarter Sales of Rs 249.85 Crore and up 4.13 % from last year same quarter Sales of Rs 417.29 Crore Company reported net profit after tax of Rs 17.95 Crore in latest quarter.
Investment Rationale Burgeoning opportunities in the social infrastructure segment is a key positive for the stock. However, labour productivity remains a challenge in the near term. It has raised earnings estimates for the current fiscal by 31%. It maintains ‘BUY/SN’ with target price of INR304.
