BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Ahulwalia Contracts India Ltd. reported results above estimates on all fronts.
The Company posted 38.2%/ 61.1%/ 69.0% YoY de-growth in revenue/ Ebitda/ profit after tax (PAT) to Rs 2.5 billion/ Rs 185 million/ Rs 75 million in Q1 FY21.
We increase our revenue/ Ebitda margin estimates by 7.1%/ 297 basis points for FY21E factoring Q1 FY21 results. Accordingly, we increase our PAT estimates by 674.1% for FY21E.
We broadly maintain our FY22E estimates. We estimate 0.6%/ 35.7% revenue/ PAT compound annual growth rate over FY20- 22E.
Ahluwalia Contracts should remain a net cash company, with an average return on capital employed/ return on equity of 13.6%/ 9.2% over FY20-22E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
