Ahluwalia Contracts (India) Limited

NSEI:AHLUCONT Stock Report

Market Cap: ₹64.8b

Ahluwalia Contracts (India) Valuation

Is AHLUCONT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AHLUCONT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AHLUCONT (₹967.25) is trading above our estimate of fair value (₹466.42)

Significantly Below Fair Value: AHLUCONT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AHLUCONT?

Key metric: As AHLUCONT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AHLUCONT. This is calculated by dividing AHLUCONT's market cap by their current earnings.
What is AHLUCONT's PE Ratio?
PE Ratio18.9x
Earnings₹3.39b
Market Cap₹64.77b

Price to Earnings Ratio vs Peers

How does AHLUCONT's PE Ratio compare to its peers?

The above table shows the PE ratio for AHLUCONT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
ASHOKA Ashoka Buildcon
6.7x-29.7%₹64.3b
533169 Man Infraconstruction
23.7xn/a₹64.0b
HGINFRA H.G. Infra Engineering
14.6x12.0%₹78.4b
DBL Dilip Buildcon
13.5x15.2%₹63.3b
AHLUCONT Ahluwalia Contracts (India)
19.1x10.5%₹64.8b

Price-To-Earnings vs Peers: AHLUCONT is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (14.7x).

Price to Earnings Ratio vs Industry

How does AHLUCONT's PE Ratio compare vs other companies in the IN Construction Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$77.82m
533152 MBL Infrastructures
2.4xn/aUS$65.29m
ATLANTAA Atlantaa
2.6xn/aUS$51.06m
SKIL SKIL Infrastructure
0.1xn/aUS$14.31m
AHLUCONT 18.9xIndustry Avg. 25.2xNo. of Companies20PE01632486480+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AHLUCONT is good value based on its Price-To-Earnings Ratio (19.1x) compared to the Indian Construction industry average (25.4x).

Price to Earnings Ratio vs Fair Ratio

What is AHLUCONT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AHLUCONT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: AHLUCONT is good value based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (28.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AHLUCONT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹961.85
₹1,251.36
+30.1%
14.5%₹1,500.00₹919.00n/a11
Nov ’25₹1,077.20
₹1,299.82
+20.7%
13.0%₹1,588.00₹979.00n/a11
Oct ’25₹1,130.00
₹1,292.33
+14.4%
13.0%₹1,588.00₹979.00n/a12
Sep ’25₹1,285.40
₹1,303.08
+1.4%
13.3%₹1,588.00₹979.00n/a12
Aug ’25₹1,391.25
₹1,228.17
-11.7%
11.8%₹1,435.00₹1,025.00n/a12
Jul ’25₹1,240.60
₹1,228.17
-1.0%
11.8%₹1,435.00₹1,025.00n/a12
Jun ’25₹1,171.90
₹1,205.82
+2.9%
11.5%₹1,412.00₹1,048.00n/a11
May ’25₹1,117.75
₹1,128.91
+1.0%
6.8%₹1,260.00₹1,048.00n/a11
Apr ’25₹1,035.45
₹1,104.09
+6.6%
11.3%₹1,260.00₹783.00n/a11
Mar ’25₹1,167.25
₹1,053.50
-9.7%
13.4%₹1,247.00₹783.00n/a10
Feb ’25₹882.70
₹837.90
-5.1%
6.7%₹958.00₹760.00n/a10
Jan ’25₹785.20
₹822.10
+4.7%
4.9%₹882.00₹760.00n/a10
Dec ’24₹799.50
₹822.10
+2.8%
4.9%₹882.00₹760.00n/a10
Nov ’24₹676.70
₹795.40
+17.5%
4.6%₹882.00₹744.00₹1,077.2010
Oct ’24₹703.55
₹794.50
+12.9%
4.7%₹882.00₹744.00₹1,130.0010
Sep ’24₹710.10
₹794.50
+11.9%
4.7%₹882.00₹744.00₹1,285.4010
Aug ’24₹713.50
₹697.90
-2.2%
10.3%₹800.00₹580.00₹1,391.2510
Jul ’24₹607.10
₹674.60
+11.1%
13.1%₹800.00₹512.00₹1,240.6010
Jun ’24₹581.20
₹646.22
+11.2%
10.3%₹727.00₹512.00₹1,171.909
May ’24₹514.65
₹557.11
+8.3%
7.2%₹650.00₹512.00₹1,117.759
Apr ’24₹576.65
₹557.11
-3.4%
7.2%₹650.00₹512.00₹1,035.459
Mar ’24₹468.30
₹556.25
+18.8%
7.6%₹650.00₹512.00₹1,167.258
Feb ’24₹486.60
₹541.75
+11.3%
9.4%₹650.00₹457.00₹882.708
Jan ’24₹475.95
₹541.75
+13.8%
9.4%₹650.00₹457.00₹785.208
Dec ’23₹430.75
₹526.29
+22.2%
6.2%₹560.00₹457.00₹799.507
Nov ’23₹437.45
₹521.43
+19.2%
4.0%₹560.00₹490.00₹676.707

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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