Announcement • Jul 07
Ahlada Engineers Limited, Annual General Meeting, Aug 05, 2026 Ahlada Engineers Limited, Annual General Meeting, Aug 05, 2026, at 11:30 Indian Standard Time. Announcement • May 23
Ahlada Engineers Limited to Report Q4, 2026 Results on May 30, 2026 Ahlada Engineers Limited announced that they will report Q4, 2026 results on May 30, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹39.58, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 22x in the Building industry in India. Total loss to shareholders of 53% over the past three years. New Risk • Apr 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Market cap is less than US$10m (₹456.2m market cap, or US$4.89m). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Feb 17
Third quarter 2026 earnings released: EPS: ₹0.15 (vs ₹0.27 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.15 (down from ₹0.27 in 3Q 2025). Revenue: ₹242.7m (down 6.8% from 3Q 2025). Net income: ₹1.96m (down 45% from 3Q 2025). Profit margin: 0.8% (down from 1.4% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. Announcement • Feb 09
Ahlada Engineers Limited to Report Q3, 2026 Results on Feb 14, 2026 Ahlada Engineers Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Feb 14, 2026 New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.2% per year over the past 5 years. Market cap is less than US$10m (₹702.3m market cap, or US$7.79m). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹57.91, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 26x in the Building industry in India. Total loss to shareholders of 43% over the past three years. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: ₹0.34 (vs ₹0.40 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.34 (down from ₹0.40 in 2Q 2025). Revenue: ₹237.3m (down 9.1% from 2Q 2025). Net income: ₹4.41m (down 15% from 2Q 2025). Profit margin: 1.9% (down from 2.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.60 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 29 October 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.8%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.5%). New Risk • Sep 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 5.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹741.5m market cap, or US$8.40m). Minor Risk Profit margins are more than 30% lower than last year (2.0% net profit margin). New Risk • Sep 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹739.9m market cap, or US$8.41m). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • Aug 18
Ahlada Engineers Limited, Annual General Meeting, Sep 29, 2025 Ahlada Engineers Limited, Annual General Meeting, Sep 29, 2025, at 11:30 Indian Standard Time. Declared Dividend • Aug 16
Dividend of ₹1.60 announced Dividend of ₹1.60 is the same as last year. Ex-date: 22nd September 2025 Payment date: 29th October 2025 Dividend yield will be 2.6%, which is higher than the industry average of 0.4%. Sustainability & Growth The dividend has increased by an average of 8.1% per year over the past 6 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Aug 15
Ahlada Engineers Limited announces Annual dividend, payable on October 29, 2025 Ahlada Engineers Limited announced Annual dividend of INR 1.6000 per share payable on October 29, 2025, ex-date on September 22, 2025 and record date on September 22, 2025. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (₹896.7m market cap, or US$10.3m). Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹53.45, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 25x in the Building industry in India. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹70.28, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 26x in the Building industry in India. Total loss to shareholders of 39% over the past three years. New Risk • Feb 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹825.0m (US$9.44m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹825.0m market cap, or US$9.44m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.27 (vs ₹2.06 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.27 (down from ₹2.06 in 3Q 2024). Revenue: ₹261.2m (down 34% from 3Q 2024). Net income: ₹3.54m (down 87% from 3Q 2024). Profit margin: 1.4% (down from 6.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Jan 16
Ahlada Engineers Limited Announces Resignation of K. I Varaprasad Reddy as Non-Executive Director and Chairman Ahlada Engineers Limited informed that Dr. K. I Varaprasad Reddy (DIN:00196148) has resigned from the position of the Non-Executive Director and Chairman of the Board of the Company with effect from January 13, 2025 due to personal reasons and commitments. Dr. K. I Varaprasad Reddy has further confirmed that there is no other material reason for his resignation other than that mentioned in his resignation letter. New Risk • Nov 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₹1.33b market cap, or US$15.8m). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹103, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 31x in the Building industry in India. Total loss to shareholders of 21% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.40 (vs ₹2.12 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.40 (down from ₹2.12 in 2Q 2024). Revenue: ₹261.8m (down 64% from 2Q 2024). Net income: ₹5.16m (down 81% from 2Q 2024). Profit margin: 2.0% (down from 3.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₹1.48b market cap, or US$17.7m). Announcement • Aug 16
Ahlada Engineers Limited, Annual General Meeting, Sep 30, 2024 Ahlada Engineers Limited, Annual General Meeting, Sep 30, 2024, at 11:00 Indian Standard Time. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Director Sridhar Pentela was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 28
Ahlada Engineers Limited Announces Appointment of Ch. Ahlada as Chief Financial Officer, Effective June 1, 2024 Ahlada Engineers Limited at its board meeting held on May 25, 2024, approved the appointment of Ms. Ch. Ahlada, Director of the Company as Chief Financial Officer, effective June 01, 2024. Ms. Ch. Ahlada aged 26 years. She holds a bachelor's degree in mechanical engineering from Chaitanya Bharathi Institute of Technology (CBIT), Hyderabad and MIM (master's in management) from Bayes Business School, London. She is experienced in various areas of the finance function including investor relations, business finance, corporate finance and manufacturing related line functions and responsible in new product developments, sales & marketing, overseas the distributors & dealers networking and promoting the brand building of the Company. Ch. Ahalda was appointed as Whole Time Director in November 2021. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₹1.96b market cap, or US$23.6m). Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹152, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 36x in the Building industry in India. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹127, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 35x in the Building industry in India. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹96.85, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 32x in the Building industry in India. Total returns to shareholders of 2.9% over the past three years. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹2.06 (vs ₹0.36 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.06 (up from ₹0.36 in 3Q 2023). Revenue: ₹399.2m (up 44% from 3Q 2023). Net income: ₹26.6m (up 470% from 3Q 2023). Profit margin: 6.7% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹1.79b market cap, or US$21.5m). Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹133, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 34x in the Building industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹2.12 (vs ₹0.64 in 2Q 2023) Second quarter 2024 results: EPS: ₹2.12 (up from ₹0.64 in 2Q 2023). Revenue: ₹718.7m (up 66% from 2Q 2023). Net income: ₹27.4m (up 232% from 2Q 2023). Profit margin: 3.8% (up from 1.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. New Risk • Oct 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (₹1.59b market cap, or US$19.1m). Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹120, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 36x in the Building industry in India. Total returns to shareholders of 181% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.40 per share at 1.4% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 30 October 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.5%). Announcement • Sep 07
Ahlada Engineers Limited, Annual General Meeting, Sep 30, 2023 Ahlada Engineers Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Location: Door No.4-56, Sy.No.62/1/A & 67, Tech Mahindra Road Bahadurpally, Dundigal-Gandimaisamma Mandal, Medchal-Malkajgiri Dist Hyderabad India Agenda: To receive, consider, approve and adopt the standalone audited financial statements of the Company for the year ended 31st March 2023, including the Audited Balance Sheet as at 31st March, 2023, the Statement of Profit and Loss Account and Cash Flow statement for the year ended on that date and the Reports of the Directors and Auditors thereon; to approve the dividend of INR 1.40 for every Equity Share of INR 10 each i.e., @14% for every Equity Share; to appoint a director in place of Ms. Ch. Ahlada who retires by rotation and being eligible offers herself for re-appointment; and to consider other matters. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹1.31 (vs ₹0.52 in 1Q 2023) First quarter 2024 results: EPS: ₹1.31 (up from ₹0.52 in 1Q 2023). Revenue: ₹382.7m (up 1.6% from 1Q 2023). Net income: ₹17.0m (up 155% from 1Q 2023). Profit margin: 4.4% (up from 1.8% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: ₹3.94 (vs ₹4.01 in FY 2022) Full year 2023 results: EPS: ₹3.94 (down from ₹4.01 in FY 2022). Revenue: ₹1.58b (up 4.2% from FY 2022). Net income: ₹50.9m (down 1.7% from FY 2022). Profit margin: 3.2% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹101, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 30x in the Building industry in India. Total returns to shareholders of 131% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.36 (vs ₹0.62 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.36 (down from ₹0.62 in 3Q 2022). Revenue: ₹278.4m (down 26% from 3Q 2022). Net income: ₹4.66m (down 42% from 3Q 2022). Profit margin: 1.7% (down from 2.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 19% share price gain to ₹121, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 26x in the Building industry in India. Total returns to shareholders of 211% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.64 (vs ₹0.46 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.64 (up from ₹0.46 in 2Q 2022). Revenue: ₹433.5m (up 51% from 2Q 2022). Net income: ₹8.26m (up 38% from 2Q 2022). Profit margin: 1.9% (down from 2.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 19% share price gain to ₹115, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 24x in the Building industry in India. Total returns to shareholders of 181% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.40 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 30 October 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 29% share price gain to ₹116, the stock trades at a trailing P/E ratio of 60.9x. Average trailing P/E is 22x in the Building industry in India. Total returns to shareholders of 156% over the past three years. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹0.52 (vs ₹2.62 in 1Q 2022) First quarter 2023 results: EPS: ₹0.52 (down from ₹2.62 in 1Q 2022). Revenue: ₹376.8m (down 28% from 1Q 2022). Net income: ₹6.66m (down 80% from 1Q 2022). Profit margin: 1.8% (down from 6.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹4.01 (vs ₹7.89 in FY 2021) Full year 2022 results: EPS: ₹4.01 (down from ₹7.89 in FY 2021). Revenue: ₹1.52b (down 4.2% from FY 2021). Net income: ₹51.8m (down 49% from FY 2021). Profit margin: 3.4% (down from 6.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Non-Independent Director Kanakagiri Srinivas was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.62 (down from ₹2.80 in 3Q 2021). Revenue: ₹376.1m (down 2.9% from 3Q 2021). Net income: ₹8.06m (down 78% from 3Q 2021). Profit margin: 2.1% (down from 9.3% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₹155, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 33x in the Building industry in India. Total returns to shareholders of 21% over the past three years. Executive Departure • Sep 17
Independent Non-Executive Director Krishna G. Giri has left the company On the 6th of September, Krishna G. Giri's tenure as Independent Non-Executive Director ended after 3.4 years in the role. We don't have any record of a personal shareholding under Krishna G.'s name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years. Board Change • Sep 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non-Executive Non-Independent Director Kanakagiri Srinivas was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 22% share price gain to ₹238, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 34x in the Building industry in India. Total returns to shareholders of 443% over the past year. Reported Earnings • Jul 05
Full year 2021 earnings released: EPS ₹7.95 (vs ₹5.00 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.59b (up 44% from FY 2020). Net income: ₹101.9m (up 58% from FY 2020). Profit margin: 6.4% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 27% share price gain to ₹215, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 34x in the Building industry in India. Total returns to shareholders of 406% over the past year. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 51% share price gain to ₹172, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 31x in the Building industry in India. Total returns to shareholders of 301% over the past year. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 18% share price gain to ₹119, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 31x in the Building industry in India. Total returns to shareholders of 183% over the past year. Is New 90 Day High Low • Mar 02
New 90-day high: ₹91.75 The company is up 27% from its price of ₹72.20 on 02 December 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 37% over the same period. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to ₹83.45, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 14.4x. This compares to an average P/E of 27x in the Building industry in India. Total returns to shareholders over the past year are 56%. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS ₹2.80 (vs ₹2.74 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₹387.2m (up 30% from 3Q 2020). Net income: ₹36.1m (up 2.1% from 3Q 2020). Profit margin: 9.3% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Announcement • Feb 06
Ahlada Engineers Limited Secures an Order from Andhra Pradesh Education & Welfare Infrastructure Development Corporation Ahlada Engineers Limited has secured an order from Andhra Pradesh Education & Welfare Infrastructure Development Corporation (APEWIDC). This project is part of flagship program "NADU NEDU" of Government of Andhra Pradesh. The scope of the project includes supply and placing of Purified Drinking Water Systems Type IV(A) to Government Schools (Educational Institutions) in the state of Andhra Pradesh. The contract is to be executed within a time span of 30 days. Announcement • Jan 09
Ahlada Engineers Limited Secures Order Worth of INR 224.7 million (Including GST) from the Government of Andhra Pradesh Ahlada Engineers Limited has secured an order from Andhra Pradesh Education & Welfare Infrastructure Development Corporation (APEWIDC). This project is part of program"NADU NEDU" of Government of Andhra Pradesh. The scope of the project includes supply and placing of Dual Desk for class III to V; Type – II (A) to Government Schools (Educational Institutions) in the state of Andhra Pradesh. The contract is to be executed within a time span of 45 days. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹69.75, the stock is trading at a trailing P/E ratio of 14.2x, down from the previous P/E ratio of 17.1x. This compares to an average P/E of 23x in the Building industry in India. Total returns to shareholders over the past year are 43%. Is New 90 Day High Low • Dec 16
New 90-day high: ₹90.95 The company is up 107% from its price of ₹44.00 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 23% share price gain to ₹55.35, the stock is trading at a trailing P/E ratio of 11.3x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 19x in the Building industry in India. Total returns to shareholders over the past year are 10%. Is New 90 Day High Low • Nov 27
New 90-day high: ₹55.35 The company is up 27% from its price of ₹43.50 on 28 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Building industry, which is also up 27% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: ₹40.50 The company is down 10.0% from its price of ₹45.00 on 31 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 29% over the same period. 
