Ahluwalia Contracts hosted a conference call on Feb 15, 2018. In the conference call the company was represented by Shobhit Uppal, Deputy Managing Director.
Key takeaways of the call
Order book as end of Dec 31, 2017 stood at Rs 3575 crore, which will be executed over next 2.5 year.
Order inflow in Q3FY18 and 9mFY18 stood at Rs 705 crore and Rs 1260 crore.
Order inflow target for FY18 was about Rs 1300 crore which the company has pretty much met. The order inflow target for next fiscal was about Rs 1500 crore.
The company is not L1 in any orders at the moment. But order bid pipeline looks strong at Rs 2500 crore and of which about 80%is government/PSU orders. These projects are in various stage of tendering.
The company maintains its year start guidance of FY18 that is 15-20% growth in revenue and EBITDA margin of 13-14%.
Debt as end of Dec 31, 2017 stood at Rs 61 crore. The company expects the debt to come down to about Rs 25-30 crore by end of this fiscal.
Of the current order book about 60% is government/PSU orders and balance is private sector. The company expects to maintain a good/healthy mix between government and private.
Currently the government and private sector order mix of the order book is 60:40
In Q3FY18 there is a one off item that is provision of Rs 8 crore towards interest on claims made against the company.
Kota Project - It made an accounting loss of Rs 6.18 crore and cash loss of Rs 1.44 crore in 9mFY18.
Re-pricing of contracts for GST has not completed yet and only for 50% of contracts repricing have completed.
Current order book spread over 40 projects
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