India's Ahluwalia Contracts to deliver healthy revenue growth - Axis Securities

Ahluwalia Contracts (India)

27/03/2023 08:54

** Axis Securities selects construction co Ahluwalia
Contracts (India)  AHLU.NS  as 'pick of the week'
    ** Brokerage expects co to deliver healthy revenue CAGR of
14% over FY22-FY25E and to maintain stable EBITDA margin between
10-11% moving ahead
    ** Says co has 'healthy financials' to support future
growth, with 14% revenue CAGR growth, strong liquidity profile
and debt-free status
    ** Axis gives AHLU a 'Buy' rating at TP of 555 rupees
considering its strong order book position, healthy bidding
pipeline, new order inflows, and emerging opportunities in the
construction space
    ** Seven of 10 brokerages rate the stock 'buy' or higher,
and 3 'hold;' their median PT is 562 rupees - Refinitiv data
    ** AHLU last up 1.18% at 509 rupees on Monday 
    ** Stock up 5.7% this year, extending its more than 18%
gains from 2022

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))