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You are here : IndiaNotes >> Research & Analysis >> Companies >> Ahluwalia Contracts (India) Ltd. >> Research

Ahluwalia Contracts (India): Good for medium to long term investment?

Firstcall India Equity | 14 Sep, 2017  | Follow Author | Add to my Favourites 
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- Revenue for the quarter stood at Rs. 5041.97 mn from Rs. 3062.60 mn, when compared with the prior year period, up by 64.63%. During the quarter, EBIDTA is Rs. 551.16 mn as against Rs. 449.95 mn in the corresponding period of the previous year, an increase of 22.49%.



- During Q1 FY18, net profit increased by 35.29% to Rs. 295.16 mn from Rs. 218.16 mn in the corresponding quarter of previous year.


-  During Q1 FY18, Profit before tax stood at Rs. 449.58 mn as compared to Rs. 331.78 mn in Q1.


- EPS of the company stood at Rs. 4.41 during the quarter, as against Rs. 3.26 per share over previous year period.


- Net Sales and PAT of the company are expected to grow at a CAGR of 13% and 12% over 2016 to 2019E respectively.



OUTLOOK AND CONCLUSION


- At the current market price of Rs. 272.55, the stock P/E ratio is at 19.30 x FY18E and 18.03 x FY19E respectively.


- Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 14.12 and Rs. 15.12 respectively.


- Net Sales and PAT of the company are expected to grow at a CAGR of 13% and 12% over 2016 to 2019E respectively.


On the basis of EV/EBITDA, the stock trades at 9.21 x for FY18E and 8.38 x for FY19E.


- Price to Book Value of the stock is expected to be at 3.03 x and 2.59 x for FY18E and FY19E respectively.


Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.


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About Firstcall India Equity

Firstcall India Equity of Firstcall India Equity Advisors Pvt. Limited (FIEA), is a leading financial services provider in India and a SEBI Registered Category-I Merchant Banker. FIEA is a culmination of a credible Equity Research Capabilities, Long Standing Relationship with leading FIIs, DFIs, MFs, Overseas Pension Funds etc. The company’s research caters to the needs of the largest news wire and media houses of the world namely Reuters, Thomson, Capital IQ, Themarkets.com, Emerging Markets Euro money Publications-UK. The Company is among the major players in the Debt and Equity markets.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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