Ahluwalia Contracts Q3 Results Review: IDBI Capital Maintains 'Hold' Rating On The Stock — Here's Why

Ahluwalia Contracts' order book stands at Rs 163 billion (four times trailing twelve months revenue), with a Government to-Private order mix of 45:55. Additionally, Ahluwalia Contracts is focusing on increasing the average ticket size of projects by targeting higher-value contracts..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Ahluwalia Contracts India Ltd. reported Q3 FY25 PAT below our estimates due to a lower Ebitda margin of 8.8% compared to 10.9% YoY. Margin was impacted by slow execution in NCR due to the construction ban and delays in project approvals. The company has guided for Ebitda margins to reach double digits in FY26E. Ahluwalia Contracts has maintained consistency in order wins, securing Rs 77.9 billion in YTDFY25, with additional inflows expected for FY25. We retain our Hold rating on the stock with a target price of Rs749, valuing it at 14x FY27E EPS. The company's order book stands at Rs 163 billion (four times trailing twelve months revenue), with a Government to-Private order mix of 45:55. Additionally, Ahluwalia Contracts is focusing on increasing the average ticket size of projects by targeting higher-value contracts..Click on the attachment to read the full report:.Manappuram Finance Q3 Review: IDBI Capital Maintains 'Hold' On The Stock, Hikes Target Price — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ahluwalia Contracts Q3 Results Review: IDBI Capital Maintains 'Hold' Rating On The Stock — Here's Why

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