Ahluwalia Contracts (India) share price today

Ahluwalia Contracts (India) Ltd's share price was ₹531.30 at the close on 4 November 2026. It has been falling for 40 weeks. That is 28.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹527 and ₹1,007, and at that close it sat 1% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ahluwalia Contracts (India) Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running.

Over the last 11 years the share price moved +122% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: lowest operating margin in 15 quarters and revenue up on a year earlier for 6 quarters in a row.

1. Lowest operating margin in 15 quarters

   Operating margin was 4.2% in the June 2026 quarter, against 9% a year earlier.

   Why: Margins fell because a final bill on the AIIMS Jammu job was cut after the company had spent the money, and pay for workers in the NCR jumped.

   Next results: check whether client payments for higher labor costs come through and whether margins start to recover.

   From the earnings call on 17 Aug 2026.

2. Revenue up on a year earlier for 6 quarters in a row

   In the June 2026 quarter revenue was ₹1,126 crore, +12% on a year earlier.

For April to June 2026 (the quarter ended 30 June 2026), Ahluwalia Contracts (India) reported revenue of ₹1,126 crore, up 12.0% from ₹1,005 crore a year earlier, and a profit of ₹10.0 crore, down 80.4% from ₹51.0 crore.

Ahluwalia Contracts (India) results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ahluwalia Contracts (India)'s management discussed these results on a call held on 17 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Ahluwalia Contracts (India) closed at ₹531.30 on 4 November 2026, down 40.3% from ₹889.55 a year earlier (7 November 2025) and up 33.9% over five years. Its highest weekly close since March 2016 was ₹1,470.60 on 12 July 2024.

Ahluwalia Contracts (India) share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Ahluwalia Contracts (India) closed at ₹531.30, up 0.8% on the week and down 4.6% on the month. 22 Sep 2026: ex-date for a dividend of ₹0.70 a share.

Earlier

• 17 Aug 2026: Ahluwalia Contracts (India) held its results call for April to June 2026. Management guided: FY27 topline growth approximately 12-15%, with the lower end reflecting potential NGT measures.
• Results for April to June 2026: Revenue up 12.0% and profit down 80.4% on a year earlier.

Ahluwalia Contracts (India) paid ₹0.70 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.13% at the ₹531.30 close on 4 November 2026. The last was a dividend of ₹0.70 a share, ex-date 22 September 2026.

Ahluwalia Contracts (India) dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Ahluwalia Contracts (India) Ltd paid out 2% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 17 August 2026, Ahluwalia Contracts (India)'s management guided: FY27 topline growth approximately 12-15%, with the lower end reflecting potential NGT measures.

Management, on the call for April to June 2026

What management guided

• FY27 double-digit operating margin ruled out; some client labor compensation expected over the next 2 quarters, recovery toward April to June 2025 margin over the next 3 quarters, and double-digit margins aspired to in FY28-FY29.
• Central Vista billing about ₹700 crore in FY27 and ₹1,000 crore next year; DLF Dahlias ₹30-35 crore monthly and Downtown ₹25-30 crore monthly; structural steel starts in September, first building commissioned by end next year, full project FY29.
• CSMT billing initially about ₹200-250 crore in FY27 and ₹700 crore next year; later answer expressed hope to exceed ₹500 crore in FY27.
• Gems and Jewellery Park ground work expected to start in Q3; FY27 billing about ₹100 crore, next-year billing ₹150 crore and completion in 3.5 years.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 17 August 2026.

When Ahluwalia Contracts (India) reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Client labor-compensation claims: check awards, client-supplied labor, incentives and margin recovery in the next quarter.

Ahluwalia Contracts (India) is on one of our India lists: 52 week high & low.

Ahluwalia Contracts (India) Ltd earned ₹10.0 Cr of net profit in the Jun 2026 quarter, −80.4% on the same quarter a year earlier. Full-year FY26 profit was ₹266 Cr. Over 10 years profit has grown 12.2% a year on average. That is 0.9% of the quarter's revenue. The same quarter a year earlier earned ₹51.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹266 Cr (+31.7% on the year before).

Why profit moved: revenue changed +12.0% on a year earlier and the margin moved −4.8 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +8.6% and revenue +12.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Ahluwalia Contracts (India) Ltd reported ₹1,126 Cr of revenue in the Jun 2026 quarter, +12.0% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 13.8% a year on average. The last full year, FY26, came in at ₹4,565 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,686 Cr.

FY26 revenue was ₹4,565 Cr, +11.4% on the year before.

Recent pace: the last four quarters grew +12.1% on average, against 13.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.0%, against +8.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +1.4%, against −20.6% a year (accelerating).

Ahluwalia Contracts (India) Ltd's operating margin was 4.2% in the Jun 2026 quarter, 4.8 percentage points lower than the same quarter a year ago. Across 13 years it has been between 4.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −4.4 percentage points on the year while gross margin changed −3.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 106% of Ahluwalia Contracts (India) Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹281 Cr of operating cash against ₹266 Cr of profit. After ₹270 Cr of spending on assets, ₹11.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 106% of profit came in as cash: the cash cycle got 37 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.5× depreciation over three years. The next section checks what that spending is building.

Ahluwalia Contracts (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −32 days in FY26, up from −69 days in FY21. It spent ₹578 Cr on assets over the last 3 years. Customers take 59 days to pay, and stock sits for 66 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,565 Cr, each day of that cycle ties up about ₹12.5 Cr, so roughly −₹400 Cr is tied up in the business at any time.

FY26: customers took 59 days to pay and stock sat for 66 days, about 2.2 months of sales sitting as stock, for a full cycle of −32 days, longer than FY21's −69.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 66 days. Customers pay about 59 days after that. Suppliers are paid at 157 days. Together that makes the −32-day cycle.

Spending on assets: ₹578 Cr over the last 3 years, against ₹232 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹6.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ahluwalia Contracts (India) Ltd's P/E is 15.8×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/E (the middle reading) is 24.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.