Ahluwalia Contracts - Healthy, Diversified Order Book Provides Long-Term Revenue Visibility: HDFC Securities

HDFC Securities Retail Research

Ahluwalia Contracts India Ltd., is one of the leading infrastructure companies. It is engaged in civil construction and execution of turnkey projects. It is actively engaged in construction of institutional and industrial buildings, corporate office complexes, multi-storied housing complexes, township development projects, hospitals, medical colleges, hotels, educational and technical institutes, schools, and gymnasiums and sports complexes.

Ahluwalia Contracts has successfully completed several projects ranging over construction of institutional buildings, corporate office complexes, multi-storied housing complexes, township development projects, hospitals, hotels, educational institutes, gymnasiums and sport complexes over the past.

The company sees strong opportunities in healthcare and several large orders for government buildings (including central Vistas tender of Rs 1300 crore). Redevelopment of AIIMS Delhi could be another big opportunity for Ahluwalia Contracts.

We feel company’s order inflow guidance of Rs 3500-4000 crore for FY23E is conservative and is likely to be exceeded given the strong opportunities.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.