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Last Updated: February 9, 2026, 9:44 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543269 | NSE: ADJIA

Adjia Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹26.87Overvalued by 49.68%vs CMP ₹53.40

P/E (58.8) × ROE (2.2%) × BV (₹25.00) × DY (2.00%)

₹20.27Overvalued by 62.04%vs CMP ₹53.40
MoS: -163.4% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹35.1726%Over (-34.1%)
Graham NumberEarnings₹22.6216%Over (-57.6%)
Earnings PowerEarnings₹2.2713%Over (-95.7%)
DCFCash Flow₹21.7313%Over (-59.3%)
Net Asset ValueAssets₹25.008%Over (-53.2%)
EV/EBITDAEnterprise₹14.2010%Over (-73.4%)
Earnings YieldEarnings₹9.108%Over (-83%)
Revenue MultipleRevenue₹4.096%Over (-92.3%)
Consensus (8 models)₹20.27100%Overvalued
Key Drivers: EPS CAGR 30.9% lifts DCF — verify sustainability. | ROE 2.2% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 30.9%

*Investments are subject to market risks

Investment Snapshot

49
Adjia Technologies Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 3.9% WeakROE 2.2% WeakD/E 0.02 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 65.2% Stable
Earnings Quality40/100 · Moderate
OPM stable around 45% SteadyWorking capital: 1,445 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +53% YoY AcceleratingOPM: 0.0% (down 63.6% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 58.8 vs industry 98.1 Cheaper than peersROCE 3.9% vs industry 14.9% Below peersROE 2.2% vs industry 21.0% Below peers3Y sales CAGR: 39% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: February 9, 2026, 9:44 pm

Market Cap 4.70 Cr.
Current Price 53.4
Intrinsic Value₹20.27
High / Low 53.8/40.0
Stock P/E58.8
Book Value 25.0
Dividend Yield0.00 %
ROCE3.94 %
ROE2.24 %
Face Value 10.0
PEG Ratio1.90

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Adjia Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Adjia Technologies Ltd 4.70 Cr. 53.4 53.8/40.058.8 25.00.00 %3.94 %2.24 % 10.0
ASM Technologies Ltd 3,611 Cr. 2,476 4,596/1,10959.2 2020.18 %19.3 %16.8 % 10.0
Equippp Social Impact Technologies Ltd 150 Cr. 14.6 24.0/13.962.2 0.850.00 %11.0 %7.53 % 1.00
Trejhara Solutions Ltd 341 Cr. 145 300/14053.6 1030.00 %2.99 %1.82 % 10.0
Bodhtree Consulting Ltd 30.0 Cr. 13.7 47.6/13.065.1 10.40.00 %8.10 %9.02 % 10.0
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Adjia Technologies Ltd

Quarterly Result

MetricMar 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 0.020.130.050.040.010.140.110.220.000.240.00
Expenses 0.040.340.050.020.030.020.040.020.200.010.03
Operating Profit -0.02-0.210.000.02-0.020.120.070.20-0.200.23-0.03
OPM % -100.00%-161.54%0.00%50.00%-200.00%85.71%63.64%90.91%95.83%
Other Income 0.000.000.000.000.000.000.000.000.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.090.090.100.100.100.090.050.050.05
Profit before tax -0.02-0.21-0.09-0.07-0.120.02-0.030.11-0.250.18-0.08
Tax % -50.00%4.76%0.00%0.00%0.00%0.00%0.00%9.09%-68.00%16.67%-37.50%
Net Profit -0.01-0.23-0.10-0.07-0.110.03-0.030.10-0.090.14-0.06
EPS in Rs -1.39-2.61-1.14-0.80-1.250.34-0.341.14-1.021.59-0.68

Last Updated: February 3, 2026, 9:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:18 am

MetricMar 2016n n 4mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.000.020.000.000.100.220.090.150.330.240.24
Expenses 0.060.020.000.000.080.400.070.050.060.220.04
Operating Profit -0.060.000.000.000.02-0.180.020.100.270.020.20
OPM % 0.00%20.00%-81.82%22.22%66.67%81.82%8.33%83.33%
Other Income 0.000.000.000.000.000.000.000.000.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.190.190.190.110.10
Profit before tax -0.060.000.000.000.02-0.18-0.17-0.090.08-0.090.10
Tax % 0.00%-50.00%5.56%0.00%0.00%12.50%-155.56%
Net Profit -0.060.000.000.000.03-0.19-0.17-0.090.070.050.08
EPS in Rs -60.000.000.000.004.17-2.16-1.93-1.020.800.570.91
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-733.33%10.53%47.06%177.78%-28.57%
Change in YoY Net Profit Growth (%)0.00%743.86%36.53%130.72%-206.35%

Adjia Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:19%
3 Years:39%
TTM:-27%
Compounded Profit Growth
10 Years:%
5 Years:11%
3 Years:32%
TTM:-29%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:14%
1 Year:-7%
Return on Equity
10 Years:%
5 Years:-3%
3 Years:0%
Last Year:2%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: December 4, 2025, 2:18 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.010.010.010.010.070.880.880.880.880.880.88
Reserves -0.06-0.07-0.05-0.05-0.031.511.351.261.331.381.32
Borrowings 0.060.060.060.060.000.050.050.050.050.050.05
Other Liabilities -0.010.000.00-0.010.000.060.020.020.070.080.02
Total Liabilities 0.000.000.020.010.042.502.302.212.332.392.27
Fixed Assets 0.000.000.000.000.000.701.030.840.650.551.06
CWIP 0.000.000.000.000.000.570.570.570.570.570.00
Investments 0.000.000.000.000.000.000.000.000.000.000.00
Other Assets 0.000.000.020.010.041.230.700.801.111.271.21
Total Assets 0.000.000.020.010.042.502.302.212.332.392.27

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.000.000.03-1.270.490.010.010.01
Cash from Investing Activity + 0.000.000.00-0.72-0.520.000.000.00
Cash from Financing Activity + 0.000.000.002.060.000.000.000.00
Net Cash Flow 0.000.000.030.07-0.040.010.010.00
Free Cash Flow 0.000.000.03-1.99-0.030.010.010.01
CFO/OP 0%150%706%2,450%20%11%-100%

Free Cash Flow

MonthMar 2016n n 4mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.06-0.06-0.06-0.060.02-0.23-0.030.050.22-0.03

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 0.000.00149.32527.22194.67353.94562.71
Inventory Days 0.00
Days Payable
Cash Conversion Cycle 0.000.00149.32527.22194.67353.94562.71
Working Capital Days -1,095.000.001,675.682,190.001,533.00984.391,444.79
ROCE %0.00%0.00%0.00%66.67%-14.52%-7.20%-4.03%3.60%-3.94%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Mar 2025Sep 2025
Promoters 65.20%65.20%65.20%65.20%65.20%65.20%65.20%65.20%65.20%65.20%65.20%65.20%
Public 34.80%34.80%34.80%34.81%34.80%34.80%34.80%34.80%34.79%34.80%34.80%34.81%
No. of Shareholders 107116128134135128124122118116116116

Shareholding Pattern Chart

No. of Shareholders

Adjia Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.610.81-1.02-1.89-4.44
Diluted EPS (Rs.) 0.610.81-1.02-1.89-4.44
Cash EPS (Rs.) 1.812.961.150.23-2.16
Book Value[Excl.RevalReserv]/Share (Rs.) 25.7125.1024.2925.3127.20
Book Value[Incl.RevalReserv]/Share (Rs.) 25.7125.1024.2925.3127.20
Revenue From Operations / Share (Rs.) 2.713.751.691.052.45
PBDIT / Share (Rs.) 0.273.051.170.25-2.06
PBIT / Share (Rs.) -0.920.89-0.99-1.87-2.10
PBT / Share (Rs.) -0.920.89-1.01-1.89-2.10
Net Profit / Share (Rs.) 0.600.80-1.01-1.89-2.20
PBDIT Margin (%) 10.1681.3369.4223.86-83.96
PBIT Margin (%) -34.1023.87-59.05-177.75-85.52
PBT Margin (%) -34.1823.78-60.20-179.69-85.52
Net Profit Margin (%) 22.3821.60-60.20-179.69-89.83
Return on Networth / Equity (%) 2.363.22-4.17-7.46-8.09
Return on Capital Employeed (%) -3.603.55-4.10-7.38-7.71
Return On Assets (%) 2.243.05-4.04-7.24-7.75
Total Debt / Equity (X) 0.020.020.020.020.02
Asset Turnover Ratio (%) 0.100.140.060.030.17
Current Ratio (X) 9.229.0711.089.7811.62
Quick Ratio (X) 9.226.3911.089.7811.62
Inventory Turnover Ratio (X) 1.490.000.000.000.00
Interest Coverage Ratio (X) 121.50894.6760.6512.280.00
Interest Coverage Ratio (Post Tax) (X) 268.50238.67-51.59-91.440.00
Enterprise Value (Cr.) 4.282.972.493.173.57
EV / Net Operating Revenue (X) 17.928.9916.7634.2816.52
EV / EBITDA (X) 176.2611.0524.14143.62-19.67
MarketCap / Net Operating Revenue (X) 18.059.0716.9034.4216.74
Price / BV (X) 1.911.351.171.431.51
Price / Net Operating Revenue (X) 18.059.0716.9034.4416.75
EarningsYield 0.010.02-0.03-0.05-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Adjia Technologies Ltd. is a Public Limited Listed company incorporated on 22/12/2015 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L74140GJ2015PLC085465 and registration number is 085465. Currently company belongs to the Industry of IT Consulting & Software. Company's Total Operating Revenue is Rs. 0.24 Cr. and Equity Capital is Rs. 0.88 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & SoftwareA 1039 & 1040, Money Plant, High Street Near Ganesh Glory-11, Jagatpur, Ahmedabad Gujarat 382470Contact not found
Management
NamePosition Held
Mr. Roshan Kumar RawalChairman & Managing Director
Ms. Priti JadavNon Exe.Non Ind.Director
Mr. Tulsiram RawalNon Exe.Non Ind.Director
Mr. Ashish AgarwalIndependent Director
Mr. Gautam VermaAddnl. & Ind.Director

FAQ

What is the intrinsic value of Adjia Technologies Ltd and is it undervalued?

As of 17 April 2026, Adjia Technologies Ltd's intrinsic value is ₹20.27, which is 62.04% lower than the current market price of ₹53.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.24 %), book value (₹25.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Adjia Technologies Ltd?

Adjia Technologies Ltd is trading at ₹53.40 as of 17 April 2026, with a FY2026-2027 high of ₹53.8 and low of ₹40.0. The stock is currently near its 52-week high. Market cap stands at ₹4.70 Cr..

How does Adjia Technologies Ltd's P/E ratio compare to its industry?

Adjia Technologies Ltd has a P/E ratio of 58.8, which is below the industry average of 98.13. This is broadly in line with or below the industry average.

Is Adjia Technologies Ltd financially healthy?

Key indicators for Adjia Technologies Ltd: ROCE of 3.94 % is on the lower side compared to the industry average of 14.90%; ROE of 2.24 % is below ideal levels (industry average: 21.00%). Dividend yield is 0.00 %.

Is Adjia Technologies Ltd profitable and how is the profit trend?

Adjia Technologies Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹0 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Adjia Technologies Ltd pay dividends?

Adjia Technologies Ltd has a dividend yield of 0.00 % at the current price of ₹53.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Adjia Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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