Company Background:
Ahluwalia Contracts is engaged in providing construction related services including; designing, plumbing and project completion. It undertakes construction of projects such as, information technology (IT) parks, retail, multi-storeyed housing complexes, industrial complexes, luxury hotels and hospitals. The company operates primarily in India.
Cliental:
ACIL's clientele includes government and semi-government organisations and corporate houses.
public sectors clients…
P.W.D. - NCT Of Delhi
P.W.D. - Himachal Pradesh
Ministry of External Affairs
Ministry of Health
Ministry of Commerce & Industry
National Thermal Power Corporation(NTPC)
Delhi Development Authority (D.D.A)
Indian Institute of Technology (IIT)
Industrial Finance Corporation of
India (IFCI)
Bharat Petroleum Ltd.
C.P.W.D.
P.W.D. Goa
Delhi Metro Rail Corporation
Ministry of Textile
Ministry For Civil Aviation / Airport
Authority of India
Indira Gandhi National Center For The
Arts (IGNCA)
Housing and Urban Development
Corporation (HUDCO)
India Tourism Development Corporation(ITDC)
All India Institute of Medical Science(AIIMS)
Institute of Labour Development (ILD)
Department of Space & Research
Source: Company
Private Sector
Asian Development Bank
FIAT India Pvt. Ltd.
Tata Consultancy Services
Apollo Tyres India Ltd
Hughes Software Systems
HCL Perot Systems Ltd.
Moser Baer India Ltd
DLF Universal Ltd
Unitech Ltd
Grand Hyatt Hotels
Phoenix International Ltd.
Max India Ltd.
Nikko Metropolitan Hotels
ITC Centre At Gurgaon
Xansa India Ltd
Daewoo Motors (India) Ltd.
Tata Chemicals Ltd.
Tata Projects Ltd.
Mahindra & Mahindra Group
HCL Technologies Ltd.
Samtel Color India Ltd.
Ansals Properties & Industries
A.L.Batra Group
ITC Hotels Ltd.
East India Hotels Ltd.
Apollo Hospitals Enterprise Ltd
Usha India Ltd.
Apollo Tyres Plant At Limda,
Source: Company
Business Outlook:
Having successfully executed projects in the domestic market, ACIL is steadily moving into higher end of infrastructure play, with additional positive comes from the Common Wealth Games in Delhi. Currently, ACIL is doing Rs 7000 mn, Common Wealth Games Village and additional Rs 2500 Common Wealth Games Stadium is in Pipeline. Apart from it ACIL has got a total order book of Rs 30000 mn, which is almost 4.5X FY07 Revenues, executable over next two-half years.
With strong order book position and impressive order pipeline, Management of ACIL is targeting revenues of Rs 10000 mn for FY08E and net profit in the range of Rs 400 mn. At CMP of Rs 328, stock is trading at 66x FY07 EPS of Rs 5. Currently, we do not have any active rating on ACIL.
Ahluwalia Contracts is engaged in providing construction related services including; designing, plumbing and project completion. It undertakes construction of projects such as, information technology (IT) parks, retail, multi-storeyed housing complexes, industrial complexes, luxury hotels and hospitals. The company operates primarily in India.
Cliental:
ACIL's clientele includes government and semi-government organisations and corporate houses.
public sectors clients…
P.W.D. - NCT Of Delhi
P.W.D. - Himachal Pradesh
Ministry of External Affairs
Ministry of Health
Ministry of Commerce & Industry
National Thermal Power Corporation(NTPC)
Delhi Development Authority (D.D.A)
Indian Institute of Technology (IIT)
Industrial Finance Corporation of
India (IFCI)
Bharat Petroleum Ltd.
C.P.W.D.
P.W.D. Goa
Delhi Metro Rail Corporation
Ministry of Textile
Ministry For Civil Aviation / Airport
Authority of India
Indira Gandhi National Center For The
Arts (IGNCA)
Housing and Urban Development
Corporation (HUDCO)
India Tourism Development Corporation(ITDC)
All India Institute of Medical Science(AIIMS)
Institute of Labour Development (ILD)
Department of Space & Research
Source: Company
Private Sector
Asian Development Bank
FIAT India Pvt. Ltd.
Tata Consultancy Services
Apollo Tyres India Ltd
Hughes Software Systems
HCL Perot Systems Ltd.
Moser Baer India Ltd
DLF Universal Ltd
Unitech Ltd
Grand Hyatt Hotels
Phoenix International Ltd.
Max India Ltd.
Nikko Metropolitan Hotels
ITC Centre At Gurgaon
Xansa India Ltd
Daewoo Motors (India) Ltd.
Tata Chemicals Ltd.
Tata Projects Ltd.
Mahindra & Mahindra Group
HCL Technologies Ltd.
Samtel Color India Ltd.
Ansals Properties & Industries
A.L.Batra Group
ITC Hotels Ltd.
East India Hotels Ltd.
Apollo Hospitals Enterprise Ltd
Usha India Ltd.
Apollo Tyres Plant At Limda,
Source: Company
Business Outlook:
Having successfully executed projects in the domestic market, ACIL is steadily moving into higher end of infrastructure play, with additional positive comes from the Common Wealth Games in Delhi. Currently, ACIL is doing Rs 7000 mn, Common Wealth Games Village and additional Rs 2500 Common Wealth Games Stadium is in Pipeline. Apart from it ACIL has got a total order book of Rs 30000 mn, which is almost 4.5X FY07 Revenues, executable over next two-half years.
With strong order book position and impressive order pipeline, Management of ACIL is targeting revenues of Rs 10000 mn for FY08E and net profit in the range of Rs 400 mn. At CMP of Rs 328, stock is trading at 66x FY07 EPS of Rs 5. Currently, we do not have any active rating on ACIL.
