Shares of this smallcap company jumped around 4 percent in Monday’s trading session after receiving multiple orders worth Rs. 482.88 crores. In one year, the shares have delivered a muti-bagger return of 105 percent to its shareholder.
With a market capitalization of Rs. 8,069 crores, the shares of Ahluwalia Contracts (India) Ltd started Monday’s trading session on a higher note at Rs. 1,188.35 compared to its previous close of Rs. 1,170.80. During the trading session, the shares hit a high of Rs. 1,229, gaining around 4 percent and are currently trading at Rs. 1,203 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that it had received multiple orders worth Rs. 482.88 crores for Civil Structural, architectural work and MEP work.
One of the received orders was received from Birla Arnaa LLP, a Joint Venture comprising Birla Estate Private Ltd and M S Ramaiah Reality (LLP), amounting to a total of Rs. 383.98 crores. This specific agreement involves Civil Structural and Architectural undertakings for the Birla Trimaya Phase 1 and 2 developments situated in Devanahalli, Bengaluru.
The company has additionally secured an order from Indian Financial Technology and Allied Services for MEP Work Enterprises Computing and Cybersecurity Training Institute in Bhubaneshwar, valued at Rs. 98.80 crores.
Coming onto the company’s financial statements, the revenue increased by 13 percent from Rs. 1,026.48 crores during the December quarter to Rs. 1,163.66 crores in the March quarter. In addition, the net profits magnified by 183 percent from Rs. 70.66 crores to Rs. 199.8 crores during the same timeframe.
As of March 31, 2024, the company maintains a gross order book totalling Rs. 19,707 crores, with an unexecuted order book standing at Rs. 11,179 crores.
Looking at the sector-wise distribution of orders 38.2 percent of the orders originate from the Central Government, 23.5 percent from the State Government, while the remaining 38.3 percent are sourced from the Private and Overseas markets.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 23.42 percent and a return on capital employed (RoCE) of 18.09 percent for the period spanning FY23-24.
Headquartered in New Delhi, Ahluwalia Contracts (India) was incorporated in 1979. The company is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
