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Employees: 23,857
Size Ahluwalia Contracts (India) (AHLUCONT.NS) is an India Industrials company (Engineering & Construction) with a market value of $375M, the 964th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹529.50 on 6 Nov 2026.
Performance Over six months the shares fell 37.8%, against -15.2% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median -5.8%); the operating margin is 6.1% (peer median 4.7%).
Valuation It trades at 15.4× forward earnings against a peer median of 14.3× (4th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.6 points below its cost of capital (18.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹46.9B | ₹45.6B | ₹40.9B | ₹38.5B | ₹28.3B |
| Revenue growth | — | +11% | +6% | +36% | — |
| Gross profit | ₹3.80B | ₹4.34B | ₹3.60B | ₹3.96B | ₹3.11B |
| EBITDA | ₹3.97B | ₹4.38B | ₹3.43B | ₹3.92B | ₹3.01B |
| Net income | ₹2.25B | ₹2.66B | ₹2.02B | ₹3.75B | ₹1.94B |
| Free cash flow | n/a | ₹573M | ₹1.97B | ₹1.50B | ₹1.96B |
| Capital expenditure | n/a | ₹2.66B | ₹1.89B | ₹1.14B | ₹1.06B |
| Total debt | n/a | ₹731M | ₹761M | ₹1.05B | ₹578M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AHLUCONT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | -9.2% | 8th highest of 21 |
| 6-month return | -37.8% | -15.2% | 2nd lowest of 20 |
| Distance from 52-week high | -50.9% | -35.5% | 4th lowest of 21 |
| Revenue growth (TTM) | +12.0% | -5.8% | 4th highest of 20 |
| Operating margin | 6.1% | 4.7% | 8th highest of 20 |
| Forward P/E | 15.4× | 14.3× | 4th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 23.4% | -2.5% | most demanding of 11 |
| Growth delivered (Del g) | +18.2% | +6.7% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | +5.3 pp | -7.0 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | -7.6 pp | +0.0 pp | 6th lowest of 19 |
| EV / EBITDA | 8.9× | 8.4× | 4th most expensive of 8 |
| Net debt / EBITDA | -1.9× | 1.0× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ahluwalia Contracts (India) AHLUCONT.NS | India | $375M | -38% | +12% | 6% | 15.4× | 23.4% | +18.2% |
| Mitsubishi Kakoki Kaisha,Ltd 6331.T | Japan | $376M | -20% | +25% | 11% | 8.2× | n/a | n/a |
| Trevi Finanziaria Industriale TFIN.MI | Italy | $378M | +68% | -6% | 10% | 53.9× | -2.8% | +6.0% |
| Zhongyan Technology 003001.SZ | China | $371M | -16% | -38% | -30% | 62.1× | 8.7% | -11.4% |
| OYO 9755.T | Japan | $370M | -6% | -2% | 5% | 13.2× | -13.5% | +9.0% |
| Tekken 1815.T | Japan | $381M | -2% | -5% | 3% | n/a | n/a | n/a |
| Sterling And Wilson Renewable Energy SWSOLAR.NS | India | $369M | -32% | -9% | 5% | 14.8× | n/a | n/a |
| China Zhonghua Geotechnical Engineering 002542.SZ | China | $366M | -23% | -33% | -83% | n/a | n/a | n/a |
| Hangzhou Freely Communication 603602.SS | China | $386M | -14% | +11% | -6% | n/a | -14.4% | +18.7% |
| Steady Energy STEADY.HE | Finland | $388M | n/a | n/a | n/a | n/a | n/a | n/a |
| LAY-OUT Planning Consultants 300989.SZ | China | $363M | -24% | -20% | -34% | n/a | n/a | n/a |
| Multiconsult MULTI.OL | Norway | $390M | -17% | +4% | 5% | 14.3× | -5.8% | +9.6% |
| Taeyoung Engineering & Construction 009410.KS | South Korea | $360M | -24% | -35% | 9% | n/a | -6.1% | -1.0% |
| Zhenhai Petrochemical Engineering 603637.SS | China | $360M | -39% | -15% | 8% | n/a | n/a | n/a |
| Superland 0368.HK | Hong Kong | $392M | +405% | -6% | 6% | n/a | n/a | n/a |
| Shenzhen Capol International & Associates 002949.SZ | China | $359M | -15% | -19% | 12% | 25.4× | 2.7% | -8.7% |
| CSD Water Service 603903.SS | China | $357M | -4% | -9% | -7% | n/a | -2.1% | -8.8% |
| Nichireki 5011.T | Japan | $394M | 0% | +1% | 8% | 13.2× | n/a | n/a |
| Shape Australia SHA.AX | Australia | $395M | -14% | +30% | 3% | 13.2× | -1.0% | +16.6% |
| AM-Power Machine International Enterprise 7792.TWO | Taiwan | $356M | -26% | +30% | 11% | n/a | 7.7% | +7.4% |
| Phoenix Asia PHOE | United States | $395M | +18% | -2% | -17% | n/a | n/a | n/a |