Rs 19,444.48 crore order book: This multibagger civil construction company receives orders worth Rs 832.40 crore from Max Health Care Group!

The stock gave multibagger returns of over 100 per cent in 2 years, 200 per cent in 3 years and a whopping 3,950 per cent in a decade.

Ahluwalia Contracts (India) Limited, a leading EPC company in India, informed that the company has secured orders worth Rs 832.40 crore from Max Health Care Group. Here are the details:

Order No – 1: Construction of expansion of Max Super Specialty Hospital at SAS Nagar, Mohali (Punjab) for Hometrail Buildtech Private Limited (Max Health Care Group) on an EPC basis. The order is worth Rs 215.46 crore and will be completed within 21 months from LOI.

Order – 2: Construction of Max Super Specialty Hospital at Sector-56, Gurugram, (Haryana) on EPC Basis from Max Healthcare Institute Limited. The order is worth Rs 616.94 crore and will be completed within 27 months from LOI.

According to the quarterly consolidated results, the net sales increased by 25.34 per cent to Rs 763.61 crore, the operating profit increased by 32 per cent to Rs 89.47 crore and the net profit increased by 31.64 per cent to Rs 49.72 crore in Q1FY24 compared to Q1FY23. Furthermore, the company announced a final dividend of Rs 0.40 per share with a face value of Rs 2 each. The company ex-traded divb September 22, 2023.

Order Book Update: The company have an order book of Rs 18,412.5 crore as of June 30, 2023. The order inflow during the current FY 2023-24 stands at Rs 5,259.50 crore till date. Including orders to date, the company’s order book stands at Rs 19,444.48 crore.

According to the annual consolidated results, the net sales increased by 5.42 per cent, the operating profit increased by 16.78 per cent and the net profit skyrocketed by 25.06 per cent in FY23 over FY22.

The company is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. Additionally, the company has experience in working on residential, commercial, power plants, hospitals, hotels, IT parks, Metro stations & depots, etc. for Government as well as private clients. The company has a market cap of over Rs 4,800 crore.

On Thursday, shares of Ahluwalia Contracts (India) Limited plunged 1.36 per cent to Rs 718.60 per share with an intraday high of Rs 738.60 and an intraday low of Rs 711. The stock has a 52-week high of Rs 774 and a 52-week low of Rs 398.85.

The stock gave multibagger returns of over 100 per cent in 2 years, 200 per cent in 3 years and a whopping 3,950 per cent in a decade. Investors should keep an eye on this Small-Cap stock under their watchlist.

Disclaimer: The article is for informational purposes only and not investment advice.