Ahlada Engineers Share Price & Earnings Call Analysis

Financials of Ahlada Engineers

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Ahlada Engineers

Quarterly Results

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	27.78	49.54	38.18	71.78	39.82	109.74	41.45	26.12	93.63	38.37	27.33	23.66	24.20
Expenses +	23.08	39.48	32.28	63.47	31.59	95.77	34.87	21.46	77.48	33.62	22.89	19.85	20.12
Operating Profit	4.70	10.06	5.90	8.31	8.23	13.97	6.58	4.66	16.15	4.75	4.44	3.81	4.08
OPM %	16.92%	20.31%	15.45%	11.58%	20.67%	12.73%	15.87%	17.84%	17.25%	12.38%	16.25%	16.10%	16.86%
Other Income +	0.06	0.07	0.09	0.09	0.10	0.08	0.06	0.06	0.19	0.13	0.03	0.07	0.07
Interest	0.95	0.91	0.93	1.30	1.24	1.25	1.35	1.31	4.26	0.66	1.13	1.02	1.32
Depreciation	3.26	3.31	2.88	2.96	3.09	3.08	2.64	2.65	7.92	2.59	2.31	2.32	2.53
Profit before tax	0.55	5.91	2.18	4.14	4.00	9.72	2.65	0.76	4.16	1.63	1.03	0.54	0.30
Tax %	14.55%	47.04%	22.48%	33.82%	34.00%	32.61%	29.43%	31.58%	34.38%	40.49%	44.66%	40.74%	33.33%
Net Profit +	0.47	3.14	1.70	2.74	2.66	6.56	1.87	0.52	2.73	0.97	0.58	0.32	0.20
EPS in Rs	0.36	2.43	1.32	2.12	2.06	5.08	1.45	0.40	2.11	0.75	0.45	0.25	0.15

Financials of Ahlada Engineers

Profit & Loss

Annual income statement trend

	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	43	50	111	118	126	207	110	159	152	158	259	132	114
Expenses +	41	44	101	106	105	173	85	129	125	133	223	111	96
Operating Profit	2	5	10	12	21	34	25	30	27	25	36	21	17
OPM %	4%	11%	9%	10%	16%	16%	23%	19%	18%	16%	14%	16%	15%
Other Income +	1	2	0	0	0	0	0	0	0	0	0	0	0
Interest	0	3	4	4	5	9	5	4	5	4	5	5	4
Depreciation	1	2	2	3	4	7	10	11	15	13	12	10	10
Profit before tax	2	4	5	5	12	18	10	14	8	9	20	6	4
Tax %	38%	38%	37%	38%	34%	37%	25%	29%	33%	42%	32%	36%
Net Profit +	1	2	3	3	8	11	8	10	5	5	14	4	2
EPS in Rs	2.92	5.55	6.99	7.47	9.22	8.80	5.97	7.89	4.01	3.94	10.56	2.87	1.60
Dividend Payout %	0%	0%	0%	0%	0%	11%	0%	18%	35%	36%	15%	56%

Financials of Ahlada Engineers

Balance Sheet

Capital structure and asset base

	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	4	4	4	4	9	13	13	13	13	13	13	13	13
Reserves	6	9	21	24	28	96	97	106	109	113	125	126	125
Borrowings +	13	18	24	34	59	53	35	60	31	32	43	36	37
Other Liabilities +	9	12	34	35	50	46	25	54	31	40	48	37	41
Total Liabilities	32	43	84	98	146	208	171	233	184	198	229	212	217
Fixed Assets +	10	11	14	23	29	71	84	108	94	86	77	67	65
CWIP	0	0	2	1	25	7	24	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	22	32	68	75	92	129	63	125	90	112	152	145	152
Total Assets	32	43	84	98	146	208	171	233	184	198	229	212	217

Financials of Ahlada Engineers

Cash Flows

Operating, investing and financing cash movement

	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	3	-1	5	5	23	-14	60	-2	37	8	-0	14
Cash from Investing Activity +	-2	-2	-4	-1	-34	-36	-40	-17	-1	-4	-4	1
Cash from Financing Activity +	-0	3	-1	-4	12	49	-21	19	-35	-4	4	-14
Net Cash Flow	0	0	-0	-0	1	-1	-1	0	-0	-0	0	0
Free Cash Flow	0	-3	-1	-6	-11	-46	21	-14	35	4	-4	14
CFO/OP	148%	-17%	71%	52%	122%	-31%	256%	-4%	147%	47%	17%	75%

Financials of Ahlada Engineers

Ratios

Working capital efficiency and return ratios

	Mar 2012	Mar 2013	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	69	93	98	79	103	146	101	121	84	152	171	204
Inventory Days	156	169	150	163	198	67	163	138	165	128	30	130
Days Payable	67	97	138	124	123	50	111	164	82	82	48	91
Cash Conversion Cycle	159	164	110	118	178	163	153	94	167	199	153	243
Working Capital Days	99	33	44	49	17	80	57	47	87	100	83	196
ROCE %	8%	23%		17%	22%	21%	10%	11%	7%	8%	15%	6%

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