Ahluwalia Contracts (India) Limited

NSE: AHLUCONT · Unclassified

₹529.50-2.04%06 Nov 2026

Check figures: unusual quarterly results in MAR '24 (₹199.80 cr vs a typical ₹17.95 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Ahluwalia Contracts (India) Limited — computed from its filings, no language model

Market cap₹3,547 cr

Current price₹529.50

High / Low₹1,054 / ₹526

P/E24.2

P/B1.72

Book value₹307.4

ROE7.1%

ROCE21.4%

Debt / equity0.00

Dividend yield-0.10%

EPS (TTM)₹21.87

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	1,885	1,982	2,692	2,838	3,855	4,565
EBITDA	153	154	257	304	388	435
Operating margin	8.1%	7.8%	9.5%	10.7%	10.1%	9.5%
Interest	35	43	44	33	48	50
Depreciation	32	30	34	39	67	98
Profit before tax	97	103	208	262	505	359
Tax	32	26	53	68	130	93
Net profit	64	77	0	194	375	266
EPS ₹	9.61	11.52	23.17	28.96	55.95	79.38
Operating cash flow	—	—	66	301	257	526
Capex	—	—	28	106	114	-266
Dividend paid	—	—	0	2	3	-4
Total assets	—	—	—	2,493	3,195	4,265
Equity	—	—	—	1,228	1,600	2,059

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	317	417	438	549	250	435	536	762	580	698	684	731	609	623	743	863	764	902	1,026	1,164	919	1,011	952	2,182	1,061	1,322	1,126
Operating profit	39	38	43	23	19	34	32	70	60	63	69	64	61	62	71	110	83	90	112	104	60	73	84	215	96	124	48
Operating margin	12.4%	9.2%	9.7%	4.2%	7.4%	7.9%	5.9%	9.2%	10.4%	9.0%	10.2%	8.7%	9.9%	9.9%	9.6%	12.8%	10.8%	10.0%	10.9%	9.0%	6.6%	7.3%	8.9%	9.9%	9.1%	9.4%	4.3%
Other income	3	2	3	3	7	7	5	3	6	7	5	11	7	7	7	9	7	8	9	12	11	12	15	31	15	25	16
Interest	7	9	9	10	8	10	9	16	11	12	11	10	8	7	7	11	11	11	12	14	15	16	15	27	11	12	16
Depreciation	8	8	8	8	7	7	8	8	8	8	9	8	9	9	11	10	12	13	14	29	15	17	18	43	26	29	32
Profit before tax	28	24	28	8	10	24	20	49	46	50	55	57	51	52	60	98	67	74	95	269	41	53	67	176	74	110	15
Tax	10	11	7	2	3	6	5	12	12	14	13	14	14	13	15	26	17	19	24	69	11	14	17	46	20	28	4
Net profit	0	13	20	6	7	18	15	37	35	0	42	0	38	0	45	72	50	55	70	200	0	0	0	0	54	82	10
EPS ₹	2.66	1.88	3.06	0.91	1.12	2.68	2.20	5.53	5.19	5.34	6.32	6.32	5.64	5.84	6.71	10.77	7.42	8.22	10.49	29.83	4.56	5.77	7.39	19.37	8.07	24.48	3.10
Revenue YoY	—	—	—	—	-21.1%	4.1%	22.3%	38.7%	132.2%	60.6%	27.5%	-4.0%	5.0%	-10.8%	8.7%	18.1%	25.3%	44.7%	38.1%	34.8%	20.4%	12.2%	-7.3%	115.7%	11.4%	—	—
Profit YoY	—	—	—	—	—	42.5%	-28.1%	508.4%	365.6%	-100.0%	187.5%	-100.0%	8.6%	—	6.2%	—	31.6%	—	56.3%	176.9%	-100.0%	-100.0%	-100.0%	—	—	—	—

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Ahluwalia Contracts (India) Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	1,364	1,388	960	1,060	1,250	1,427	1,647	1,749
Operating profit	14	-31	42	115	161	173	219	216
Operating margin	1.1%	-2.3%	4.3%	10.8%	12.9%	12.1%	13.3%	12.4%
Other income	11	15	14	12	14	8	6	10
Interest	23	33	36	39	35	27	25	19
Depreciation	43	35	12	21	20	24	26	28
Profit before tax	-41	-76	22	67	119	131	175	179
Tax	0	0	0	3	35	45	59	62
Net profit	-41	-76	22	64	84	86	115	117

Quarters

showing latest 8 of 44 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	188	222	299	254	302	296	305	347	427	394	341	380	310	304	357	393	345	352	318	374	220	250	241	250	239	240	267	314	265	281	320	384	306	290	358	472	504	335	361	447	404	439	419	487
Operating profit	25	22	36	29	36	36	41	46	49	46	40	34	29	5	-8	-11	-22	-8	-16	14	13	-3	13	19	33	29	25	28	33	35	40	53	43	40	47	43	54	50	62	53	53	57	50	57
Operating margin	13.2%	10.1%	12.1%	11.2%	11.9%	12.1%	13.3%	13.3%	11.5%	11.7%	11.8%	8.8%	9.4%	1.5%	-2.3%	-2.8%	-6.3%	-2.2%	-5.1%	3.8%	5.7%	-1.3%	5.5%	7.5%	13.7%	11.9%	9.4%	9.0%	12.4%	12.5%	12.4%	13.9%	14.0%	13.7%	13.2%	9.1%	10.6%	14.9%	17.3%	11.9%	13.0%	13.1%	11.8%	11.6%
Other income	1	2	3	2	2	2	1	1	1	1	2	1	2	2	2	6	2	2	6	6	2	2	1	10	1	3	4	4	4	3	2	4	2	3	1	2	2	1	1	3	1	1	4	3
Interest	2	2	3	2	3	5	4	4	4	3	4	5	5	5	6	7	8	9	8	9	9	9	8	9	10	9	9	10	9	8	7	12	6	7	6	7	4	5	12	4	4	5	5	5
Depreciation	5	5	6	9	12	13	10	8	8	8	8	9	11	10	8	13	11	10	9	6	4	2	3	3	6	5	5	5	5	5	5	5	5	6	6	7	6	6	6	7	7	7	7	7
Profit before tax	19	16	30	20	23	20	28	36	38	37	30	22	15	-9	-21	-25	-38	-24	-27	14	1	1	3	16	18	16	15	18	23	26	30	41	33	30	36	31	45	40	45	45	43	47	41	48
Tax	7	5	10	7	8	7	10	12	13	12	10	7	4	-3	-4	3	0	0	0	0	0	0	1	-1	1	0	1	0	4	7	10	14	11	11	12	11	15	14	16	14	15	16	14	17
Net profit	12	11	20	13	15	13	18	24	25	24	20	14	11	-7	-17	-28	-38	-24	-27	14	1	1	2	17	17	16	14	17	19	19	20	27	22	20	24	20	30	26	29	31	28	31	27	31
EPS ₹	1.94	1.75	3.19	2.05	2.31	2.04	2.94	3.79	3.96	3.88	3.20	2.25	1.69	-1.07	-2.67	-4.42	-6.13	-3.89	-4.32	2.19	0.14	0.18	0.39	2.75	2.69	2.59	2.12	2.72	2.81	2.84	2.96	3.99	3.21	2.94	3.65	3.04	4.41	3.85	4.35	4.63	4.21	4.65	4.02	4.63
Revenue YoY	—	—	—	—	60.5%	33.3%	19.9%	14.9%	44.0%	29.2%	-1.6%	-11.1%	-21.2%	-10.9%	-6.0%	—	11.1%	15.8%	-11.0%	-4.8%	-36.1%	-29.1%	-24.2%	-33.2%	8.5%	-3.9%	11.0%	25.7%	11.0%	17.2%	19.8%	22.1%	15.6%	3.4%	11.9%	23.0%	64.6%	15.2%	0.8%	-5.3%	-19.9%	31.3%	15.9%	9.1%
Profit YoY	—	—	—	—	18.9%	16.7%	43.3%	63.8%	94.3%	31.9%	-15.4%	-43.1%	-56.4%	-133.3%	-218.5%	—	-462.9%	—	—	—	—	—	—	25.9%	1864.0%	1312.2%	453.9%	0.8%	11.4%	17.4%	46.2%	53.2%	14.5%	3.1%	23.2%	-23.8%	37.0%	31.1%	19.3%	52.3%	-4.5%	20.9%	-7.6%	-0.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '26
ROE	—	—	—	—	—	—	—	—	—	—	7.2%	7.4%	12.6%	13.6%	16.7%	18.6%	23.4%	20.3%	16.2%	12.0%	7.1%
ROCE	—	—	—	—	—	—	—	—	—	—	22.5%	22.6%	23.9%	25.4%	24.9%	27.8%	33.6%	32.3%	30.7%	29.2%	21.4%
Net margin	2.3%	2.8%	3.1%	2.6%	3.9%	4.5%	3.4%	4.2%	2.9%	2.9%	3.0%	3.1%	5.5%	5.6%	6.8%	7.0%	9.7%	8.1%	6.6%	4.9%	2.6%
EBITDA margin	8.3%	7.4%	7.1%	6.1%	7.8%	8.5%	8.7%	9.7%	9.5%	9.4%	9.7%	9.5%	10.7%	10.9%	10.8%	11.1%	10.1%	9.1%	8.5%	8.0%	8.5%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.00	0.00	0.00	0.00	0.02	0.02	0.03	0.03	0.01	0.01	0.00
Interest coverage	3.48	2.91	2.85	2.66	3.43	4.06	4.48	5.08	5.77	6.33	7.10	7.93	8.91	8.66	8.36	8.28	11.48	10.21	9.09	8.30	6.60
Asset turnover	—	—	—	—	—	—	—	—	—	—	1.25	1.28	1.14	1.20	1.17	1.27	1.21	1.26	1.22	1.19	1.33

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	13	13	13	13	13	13	13
Other equity / reserves	1,099	1,215	1,318	1,587	1,652	1,911	2,046
Total equity	1,113	1,228	1,331	1,600	1,666	1,924	2,059
Borrowings	4	3	32	45	11	6	4
Current liabilities	888	1,116	1,232	1,214	1,320	1,469	1,679
Non-current liabilities	114	149	237	381	405	553	527
Total assets	2,114	2,493	2,800	3,195	3,391	3,946	4,265
Property, plant & equipment	131	183	209	237	307	446	532
Capital work-in-progress	1	1	0	7	0	0	6
Investments	0	0	0	0	0	0	0
Inventories	239	244	325	316	327	345	342
Receivables	528	639	686	780	658	614	760
Cash & equivalents	195	366	197	334	282	399	308

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	66	301	257	526
Cash from investing	-101	-166	-310	373
Cash from financing	-44	-16	21	17
Capex	28	106	114	-266
Free cash flow	38	195	143	792
Dividends paid	0	2	3	-4

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹532 cr12%

CWIP

₹6 cr0%

Inventories

₹342 cr8%

Receivables

₹760 cr18%

Cash & equivalents

₹308 cr7%

Other assets

₹2,316 cr54%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Ahluwalia Contracts (India) Limited	3,547	529.50	24.2	1.72	7.1%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-5.7%

6 months-37.8%

1 year-42.1%

3Y CAGR-8.3%

5Y CAGR+5.5%

10Y CAGR+6.2%

50-day avg₹571.59

200-day avg₹751.05

RSI (14)41

FAQs

What is the share price of Ahluwalia Contracts (India) Limited?

Ahluwalia Contracts (India) Limited (AHLUCONT) closed at ₹529.50 on NSE on 06 Nov 2026.

What is the market cap of Ahluwalia Contracts (India) Limited?

₹3,547 crore at the latest close.

What is the P/E ratio of Ahluwalia Contracts (India) Limited?

24.2, on trailing-twelve-month earnings from its filings.

How fast is Ahluwalia Contracts (India) Limited growing?

Ahluwalia Contracts (India) Limited: revenue has compounded at 19.2% a year over three years.

How profitable is Ahluwalia Contracts (India) Limited?

On a trailing-twelve-month basis return on equity is 7.1%, return on capital employed 21.4%, operating margin 8.5%, net margin 2.6%.

How much debt does Ahluwalia Contracts (India) Limited have?

Ahluwalia Contracts (India) Limited is debt-free: debt to equity is 0.00 with borrowings of ₹4 cr against cash of ₹308 cr (balance sheet of 2026-03-31). Operating profit covers interest 6.6 times.

Financials parsed from Ahluwalia Contracts (India) Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.