Ahluwalia Contractors bags project worth of Rs. 2245.15 Cr! Stock gave return of 107% in 1 year.
Ahluwalia Contractors is engaged in the business of engineering and construction. The company is currently executing 50 projects across 15 states and 1 overseas project. The largest project company is executing is the Re-development of CSMT Mumbai valued at 2450 Cr.
The company has several clients across the hotel, institutional, hospital segments like The Leela, Fortis, Hyatt, Amity, TATA, Apollo Hospitals.
On 1 June,2024 the company informed the respective stock exchanges (NSE,BSE) that it has received project worth of Rs. 2245.15 Crores.
The clients who gave the order are India Jewellery Park & Mumbai Daffodil Hotel Private Limited amounting to Rs. 2157.00 Crores & Rs. 88.15 Crores respectively.
Ahluwalia Contractors Financials :
The comapny has a market capital of ₹ 8,187 Cr. (Mid Cap) & has compititors like DLF, Godrej Properties , Oberoi Realty , Prestige Estates , etc.
Currently the company is trading at a PE of 35.2 aginst the Industry PE of 28.4 .
The Co. is almost debt free which adds an advantage to it over its compititors.
The Quarterly datas are : (Amount in crores)
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Sales | 863 | 764 | 902 | 1,026 | 1,164 |
| Operating Profit | 110 | 83 | 90 | 112 | 104 |
| OPM % | 13% | 11% | 10% | 11% | 9% |
| Net Profit | 72 | 50 | 55 | 71 | 200 |
The Sales & Net Profit of March 2023 quarter when compared with March 2024 quarter shows an increase in Sales by 34.91% and increase in Net Profit by 177.78%.
The Percentage change in quarterly results are:
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales Increase % | – | -11.47% | 18.07% | 13.74% | 13.44% |
| Net Profit Increase % | – | -30.56% | 10.00% | 29.09% | 181.69% |
The Annualised P/L datas are : (Amount in crores)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Sales + | 2,692 | 2,838 | 3,855 |
| Operating Profit | 257 | 304 | 389 |
| OPM % | 10% | 11% | 10% |
| Net Profit + | 155 | 194 | 376 |
| Dividend Payout % | 1% | 1% | 1% |
The percentage change in the above datas shows :
| % Increase in 2023 | % Increase in 2024 | |
|---|---|---|
| Sales + | 5.42% | 35.88% |
| Operating Profit | 18.29% | 27.96% |
| Net Profit + | 25.16% | 93.81% |
THE Co. has also done Capital Expenditure amounting to Rs, 114 Cr against Rs, 106 cr in the previous FY . The shareholding pattern shows that FII’s have increase their stake in the Co. by approx 5% to 13.32% aginst 12.66% in the previous Financial Year.
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