Research ReportsAhluwalia Contracts Q4 Results Review: Dolat Capital Downgrades To 'Reduce', But Hikes Target Price
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Ahluwalia Contracts Q4 Results Review: Dolat Capital Downgrades To 'Reduce', But Hikes Target Price
The stock has run up by ~33% since Dolat Capital's Q3 FY25 update note, hence, downgrades rating to ‘Reduce’ from Accumulate with a revised target price of Rs 917 (17x FY27E EPS).
Ahluwalia Contracts has received orders worth Rs 84.4 billion in FY25. As on Mar’25, the order book stands at Rs 157.8 billion, providing revenue visibility for 3.8x. The company is L1 in 2 projects worth Rs 18.0 billion and expects a further inflow of Rs 50 billion in FY26E.