As of 6 Nov 2026, Ahluwalia Contracts (India) trades at 15.8× trailing earnings, below the industry P/E of 16.4×, and the shares are 51% below their 52-week high. It earns ROCE of 15% and ROE of 14%, and sales and net profit grew 17% and 11% a year over 3 years. It has almost no debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹3,547 Cr, ranked 28th of 156 Engineering & Construction companies by market cap; the shares fell 41% over the past year.
- ₹525.05
- ₹537.70
- ₹524.00
- ₹540.50
- 61.2K
Health check
- ReturnsBehind
−41.0% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 15.8 vs industry 16.4.
- GrowthSteady
Sales +17.3%, profit +11.1% a year over 3 years.
- ProfitabilityAverage
ROCE 15.2% vs peer median 19.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags2 to check
Quarterly profit down 79.7% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,547 Cr
- Small cap
- P/E
- 15.8
- Industry 16.4
- Price to book
- 1.72
- Peers 4.92
- Dividend yield
- 0.13%
- ROE
- 13.8%
- Peers 17.9%
- ROCE
- 15.2%
- Peers 19.9%
- Debt to equity
- 0.04
- Debt ₹73 Cr
- EPS (TTM)
- ₹33.59
- Face value ₹2
- OPM (TTM)
- 8.5%
- Net margin 4.8%
- Sales growth
- +12.0%
- Latest quarter vs a year ago
- Profit growth
- −79.7%
- Latest quarter vs a year ago
- Price to sales
- 0.76
- EV/EBITDA 7.1
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 79.7% on a year ago.
- 51% below its 52-week high.
About Ahluwalia Contracts (India)
Ahluwalia Contracts (India) Limited, together with its subsidiaries, operates as an engineering, procurement, and construction company in India and internationally. The company operates through Construction Contract, Lease Rental, and Others segments. Its portfolio includes residential and commercial buildings/complexes, hotels, institutional and hospital buildings, corporate offices, information technology (IT) parks, industrial complexes, automated car…
- Headquarters
- New Delhi
- Employees
- 3,978
- Sector
- Industrials
- ISIN
- INE758C01029
- Website
- acilnet.com
Price range
- Avg volume (3M)
- 83.5K
- 1-year return
- minus 41.0%
- From 52-week high
- minus 50.9%
Analyst consensus
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.3% | 0.38 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 20.6 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,429 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| AHLUCONTAhluwalia Contracts (India) | 529.50 | minus 2.04% | 3,547 | 15.8 | 7.0 | 15.2% | 8.5% | 0.04 | 17.3% | minus 41.0% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.38 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,005 | 1,177 | 1,061 | 1,322 | 1,126 | |
| 919 | 1,049 | 965 | 1,199 | 1,078 | |
| 86.3 | 129 | 96.1 | 124 | 48.3 | |
| 8.6% | 10.9% | 9.1% | 9.4% | 4.3% | |
| 15.9 | 14.4 | 15.2 | 27.3 | 14.7 | |
| 11.9 | 14.9 | 11.4 | 12.3 | 16.4 | |
| 20.7 | 22.3 | 26.2 | 28.8 | 32.2 | |
| 69.6 | 106 | 73.8 | 110 | 14.3 | |
| 26.4% | 25.8% | 26.7% | 25.3% | 27.5% | |
| 51.2 | 78.6 | 54.1 | 82 | 10.4 | |
| 7.64 | 11.73 | 8.07 | 12.24 | 1.55 |
Profit & loss
- Sales CAGR 3Y
- +17.3%
- Profit CAGR 3Y
- +11.1%
- EPS CAGR 3Y
- +11.1%
- ROE
- 13.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,805 | 3,855 | 4,073 | 4,525 | |
| – | +37.4% | +5.7% | +11.1% | |
| 2,497 | 3,466 | 3,723 | 4,090 | |
| 308 | 389 | 350 | 435 | |
| 11.0% | 10.1% | 8.6% | 9.6% | |
| 15.5 | 17.5 | 42.2 | 55.5 | |
| 20.7 | 30.8 | 40.3 | 33.7 | |
| 38.8 | 51.9 | 66.6 | 98 | |
| −2.4 | 181 | −12.2 | 0.5 | |
| 262 | 504 | 273 | 359 | |
| 25.9% | 25.7% | 26.0% | 26.0% | |
| 194 | 375 | 202 | 266 | |
| – | +93.2% | minus 46.1% | +31.6% | |
| 28.96 | 55.95 | 30.17 | 39.69 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 13.4 | 13.4 | 13.4 | 13.4 | |
| 1,215 | 1,587 | 1,785 | 2,046 | |
| 57.8 | 105 | 76.1 | 73.1 | |
| 1,207 | 1,490 | 1,831 | 2,133 | |
| 2,493 | 3,195 | 3,706 | 4,266 | |
| 184 | 254 | 372 | 549 | |
| 1.3 | 9.4 | 6.9 | 7.1 | |
| 60.8 | 56.6 | 33.2 | 220 | |
| 425 | 533 | 749 | 597 | |
| 1,822 | 2,341 | 2,545 | 2,893 | |
| 2,493 | 3,195 | 3,706 | 4,266 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 301 | 257 | 359 | 281 | |
| −166 | −310 | −323 | −257 | |
| −16.1 | 20.7 | −52.4 | −34.3 | |
| 120 | −31.4 | −16.1 | −10.4 | |
| −106 | −114 | −189 | −266 | |
| 195 | 143 | 171 | 15.2 | |
| −2 | −2.7 | −3.1 | −3.7 |
Shareholding pattern
- Promoters55.32%
- Public44.68%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 55.32% | 44.68% | 0.00 | |
| 30 Jun 2026 | 55.32% | 44.68% | 0.00 | |
| 31 Mar 2026 | 55.32% | 44.68% | 0.00 | |
| 31 Dec 2025 | 55.32% | 44.68% | 0.00 | |
| 30 Sep 2025 | 55.32% | 44.68% | – |
Major shareholders
Filings & events
News
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