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CARE upgrades ratings assigned to bank facilities of Ahluwalia Contracts (India)

26 Aug 2015 Evaluate

Credit rating agency, CARE has upgraded ratings for Ahluwalia Contracts (India) taking into account the improvement in financial risk profile of the company for the year 2015. The credit rating have been upgraded to ‘A-‘ from ‘BBB+’ for Long term Bank facilities (Fund Based) of Rs 160 crore and ‘A-/ A2+’ from ‘BBB+/ A3+’ for Long/ Short term Bank Facilities (Non Fund Based) of Rs 745 crore.

The improved rating is reflected by healthy profitability margin and cash accruals. The improvement in solvency position and debt coverage indicators are led by improvement in order execution and funds infusion by promoters leading to relatively lesser reliance on external debt.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality.



Ahluwalia Contract(I Share Price

832.90 7.15 (0.87%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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