Rs 197,067 million order book and FIIs increase stake: This multibagger infrastructure stock bags new order worth Rs 2,245 crore!
Shares of the company have gained more than 30 per cent in the last six months.
Ahluwalia Contracts Limited has secured two major orders totalling over Rs. 2,245 crores. The first project, valued at Rs. 2,157 crores, involves the design, engineering, procurement, and construction (EPC) of a Gems & Jewellery Park in Mahape, Navi Mumbai for India Jewellery Park. This project is expected to be completed within 32 months. The second order, worth Rs. 88.15 crore, is a domestic civil work contract for the construction of the Park Hyatt Hotel in Goa for Daffodil Hotel Private Limited. Ahluwalia Contracts' success in securing these diverse projects strengthens their position as a leading EPC contractor in India.
Ahluwalia Contracts (India) Limited is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. Ahluwalia Contracts (India) Limited has experience in working on residential, commercial, institutional, corporate offices, power plants, hospitals, hotels, IT parks, Metro stations and depots, and automated car parking lots for Government as well as private clients. The company has an order book of Rs 197,067 million.
Ahluwalia Contracts (India) Limited has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 1163.66 crore which grew by 34.83 per cent YoY. The operating profit of the company stood at Rs 116.59 crore which declined by 2.15 per cent on a YoY basis, while the PAT of the company stood at Rs 199.83 crore, which increased by 176.77 per cent on a YoY basis. FIIs increased their stake in the company in March 2024. The stock has also delivered multibagger returns of over 200 per cent in the last three years.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.