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Ahluwalia Contract held a conference call on Nov 10, 2015. In the conference call the company was represented by Shobhit Uppal, Deputy Managing Director of the company.
Key takeaways of the call
Order book of the company as on date stood at Rs 4120 crore with order intake so far in current fiscal stood at Rs 1350 crore.
Bids under pipeline is about Rs 1000 crore and the company is L1 in about Rs 200 crore. Hope to pick up another Rs 600 crore worth of order in remaining part of current fiscal.
Of the order book about 60% is government orders and 40% is private sector. Of the order book residential is 32%, infra is 11%, hospitals 14%, commercial is 7% and others including institution and other government orders is 36%.
Out of residential orders book of about Rs 1300 crore, half of it or 50% of it are active orders and progressing well, projects worth Rs 200 crore are totally dormant and balance are moving but at snail's pace. Residential private sector is not a focus area, if the company is picking any residential orders that are contracts with more equitable contract terms. The focus is on orders from clients who have the capacity to pay on time.
The company maintains the revenue guidance of Rs 1300 crore. The company will maintain EBITDA margin of 12-12.5% for FY16. The company expects 20-25% growth in revenue for FY17. In FY17 order booking the company expects a growth of 25%.
Total debt including current maturity is Rs 135 crore.
Legacy orders as of now is about Rs 200 crore the pace of execution is slowdown and the revenue from that is trickling down as client is facing fund constraint. Only the legacy order book of Rs 200 crore is of fixed price contracts and balances are with some kind of pass through.
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