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Ahluwalia Contracts - Ordinary Income Statement, All The More Sturdier Balance Sheet: Anand Rathi

Ahluwalia Contracts - Ordinary Income Statement, All The More Sturdier Balance Sheet: Anand Rathi

<div class="paragraphs"><p>Low angle shot of a construction crane under a cloudy sky. (Source: freepik)</p></div>
Low angle shot of a construction crane under a cloudy sky. (Source: freepik)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Ahluwalia Contracts India Ltd.'s Q4 ordinary income statement stemmed from a combination of contracted order book (muted new orders on keener competition) and inflationimpacted operating profitability.

Nevertheless, that did not deter it from generating positive cash flows and further strengthening its net cash status. Access to a war chest in a rising interest environment, we believe, would work in its favor and, thus, Ahluwalia Contracts is poised to benefit from opportunities on offer.

Consequences of irrational bidding in the recent past by some, management believes, would curb competition, and keep it sanguine of adding in time to keep growing. The recent correction renders the stock attractive.

Click on the attachment to read the full report:

Anand Rathi Ahluwalia Contracts India Company Update.pdf

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