Ajel Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 13, 2024, 11:52 pm

Market Cap	21.3 Cr.
Current Price	18.3
High / Low	28.6/12.0
Stock P/E
Book Value	11.6
Dividend Yield	0.00 %
ROCE	6.62 %
ROE	13.0 %
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

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Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Mudunuru Ltd	24.1 Cr.	7.73	15.6/6.35		0.34	0.00 %	72.9 %	374 %	2.00
Naapbooks Ltd	129 Cr.	144	159/32.3	55.6	20.0	%	17.4 %	13.6 %
IDream Film Infrastructure Company Ltd	1.41 Cr.	93.8	98.0/85.0		295	0.00 %	%	%	10.0
IB Infotech Enterprises Ltd	23.7 Cr.	185	245/110	31.2	16.8	0.54 %	69.9 %	50.5 %	10.0
Hit Kit Global Solutions Ltd	6.87 Cr.	1.48	1.48/0.58	21.5	2.08	0.00 %	1.92 %	1.94 %	2.00
Industry Average	40,136.67 Cr	797.05		97.64	124.35	0.61%	21.70%	62.45%	6.94

All Competitor Stocks of

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	0.84	1.03	0.94	1.01	1.06	1.13	1.39	1.48	1.63	3.55	3.39	3.46	3.52
Expenses	0.86	1.08	0.93	0.95	1.04	1.18	1.42	1.53	1.68	3.70	3.42	4.17	4.15
Operating Profit	-0.02	-0.05	0.01	0.06	0.02	-0.05	-0.03	-0.05	-0.05	-0.15	-0.03	-0.71	-0.63
OPM %	-2.38%	-4.85%	1.06%	5.94%	1.89%	-4.42%	-2.16%	-3.38%	-3.07%	-4.23%	-0.88%	-20.52%	-17.90%
Other Income	0.00	-0.12	0.00	0.00	0.00	0.16	0.00	0.00	0.00	0.93	0.01	0.00	0.00
Interest	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.16
Depreciation	0.00	0.10	0.00	0.00	0.00	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.02	-0.27	0.01	0.05	0.01	0.00	-0.04	-0.05	-0.06	0.77	-0.03	-0.72	-0.79
Tax %	0.00%	-7.41%	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%	-2.60%	0.00%	0.00%	0.00%
Net Profit	-0.02	-0.26	0.01	0.05	0.01	0.02	-0.04	-0.05	-0.06	0.79	-0.03	-0.72	-0.79
EPS in Rs	-0.02	-0.22	0.01	0.04	0.01	0.02	-0.03	-0.04	-0.05	0.68	-0.03	-0.62	-0.68

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	39.28	58.33	45.68	24.74	20.15	15.05	6.71	5.46	4.25	3.47	4.15	8.14	13.92
Expenses	38.50	55.45	47.62	25.26	19.43	14.94	6.79	6.09	4.57	3.67	4.10	8.18	15.44
Operating Profit	0.78	2.88	-1.94	-0.52	0.72	0.11	-0.08	-0.63	-0.32	-0.20	0.05	-0.04	-1.52
OPM %	1.99%	4.94%	-4.25%	-2.10%	3.57%	0.73%	-1.19%	-11.54%	-7.53%	-5.76%	1.20%	-0.49%	-10.92%
Other Income	1.22	0.51	0.07	4.22	0.38	0.07	0.00	2.93	0.00	-0.12	0.16	0.94	0.94
Interest	0.42	0.45	0.39	0.25	0.04	0.04	0.04	0.04	0.04	0.02	0.03	0.04	0.19
Depreciation	0.16	0.89	1.17	1.17	1.11	0.93	0.83	0.90	0.11	0.10	0.10	0.07	0.00
Profit before tax	1.42	2.05	-3.43	2.28	-0.05	-0.79	-0.95	1.36	-0.47	-0.44	0.08	0.79	-0.77
Tax %	17.61%	24.39%	3.21%	15.79%	140.00%	0.00%	0.00%	30.15%	-2.13%	-4.55%	-25.00%	-2.53%
Net Profit	1.17	1.54	-3.54	1.91	-0.12	-0.79	-0.95	0.95	-0.46	-0.43	0.09	0.81	-0.75
EPS in Rs	1.09	1.43	-3.04	1.64	-0.10	-0.68	-0.82	0.82	-0.39	-0.37	0.08	0.70	-0.65
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	31.62%	-329.87%	153.95%	-106.28%	-558.33%	-20.25%	200.00%	-148.42%	6.52%	120.93%	800.00%
Change in YoY Net Profit Growth (%)	0.00%	-361.49%	483.82%	-260.24%	-452.05%	538.08%	220.25%	-348.42%	154.94%	114.41%	679.07%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	-11%
5 Years:	20%
3 Years:	58%
TTM:	32%

Compounded Profit Growth
10 Years:	4%
5 Years:	-14%
3 Years:	%
TTM:	-683%

Stock Price CAGR
10 Years:	14%
5 Years:	29%
3 Years:	11%
1 Year:	8%

Return on Equity
10 Years:	-3%
5 Years:	-4%
3 Years:	-5%
Last Year:	-13%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:20 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	10.75	10.75	11.65	11.65	11.65	11.65	11.65	11.65	11.65	11.65	11.65	11.65
Reserves	9.44	5.91	6.92	6.79	6.01	5.06	1.52	1.75	1.66	2.19	3.19	1.91
Borrowings	11.99	12.38	7.94	5.53	5.67	5.06	4.70	4.99	5.12	5.47	6.04	9.95
Other Liabilities	9.92	12.03	8.16	3.61	3.38	4.33	3.90	4.05	4.04	3.91	4.26	4.57
Total Liabilities	42.10	41.07	34.67	27.58	26.71	26.10	21.77	22.44	22.47	23.22	25.14	28.08
Fixed Assets	13.39	12.58	11.73	10.50	2.70	1.91	3.16	3.05	2.95	2.85	2.80	4.24
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	7.15	7.15	0.57	0.47	0.81	1.24	1.01	1.05
Other Assets	28.71	28.49	22.94	17.08	16.86	17.04	18.04	18.92	18.71	19.13	21.33	22.79
Total Assets	42.10	41.07	34.67	27.58	26.71	26.10	21.77	22.44	22.47	23.22	25.14	28.08

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	4.72	0.00	0.00	-0.17	0.00	0.00	0.05	-0.54	-0.30	-0.91
Cash from Investing Activity +	-5.51	0.00	0.00	0.08	0.00	0.00	0.00	0.00	0.00	0.41
Cash from Financing Activity +	1.05	0.00	0.00	-0.33	0.00	0.00	0.23	0.13	0.36	0.57
Net Cash Flow	0.26	0.00	0.00	-0.42	0.00	0.00	0.28	-0.41	0.05	0.07

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	0.78	-9.11	-14.32	-8.46	-4.81	-5.56	-5.14	-5.33	-5.31	-5.32	-5.42	-6.08

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

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	187.52	159.19	196.00	276.04	241.10	0.00	74.52	237.32	390.76	493.33	427.45	574.40
Inventory Days
Days Payable
Cash Conversion Cycle	187.52	159.19	196.00	276.04	241.10	0.00	74.52	237.32	390.76	493.33	427.45	574.40
Working Capital Days	196.25	136.10	156.61	286.07	247.26	14.55	113.14	294.14	462.05	580.63	513.64	623.28
ROCE %	6.77%	8.38%	-9.93%	9.11%	-0.04%	-3.17%	-4.04%	-5.95%	-2.37%	-1.63%	-0.26%	-0.55%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	49.44%	49.44%	49.44%	49.45%	49.45%	49.45%	49.87%	50.02%	50.04%	50.05%	50.05%	50.05%
Public	50.56%	50.56%	50.56%	50.55%	50.56%	50.55%	50.13%	49.99%	49.95%	49.94%	49.96%	49.96%
No. of Shareholders	2,378	2,638	3,491	3,755	3,753	3,718	3,662	3,594	3,775	3,665	3,721	3,737

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.70	0.08	-0.37	-0.39	0.82
Diluted EPS (Rs.)	0.70	0.08	-0.37	-0.39	0.82
Cash EPS (Rs.)	0.75	0.16	-0.27	-0.29	1.59
Book Value[Excl.RevalReserv]/Share (Rs.)	12.74	11.88	11.43	11.50	11.30
Book Value[Incl.RevalReserv]/Share (Rs.)	12.74	11.88	11.43	11.50	11.30
Revenue From Operations / Share (Rs.)	6.98	3.56	2.98	3.65	4.69
PBDIT / Share (Rs.)	-0.04	0.03	-0.17	-0.28	1.73
PBIT / Share (Rs.)	-0.09	-0.04	-0.26	-0.37	0.95
PBT / Share (Rs.)	0.68	0.06	-0.38	-0.40	0.93
Net Profit / Share (Rs.)	0.69	0.08	-0.36	-0.39	0.81
NP After MI And SOA / Share (Rs.)	0.69	0.08	-0.36	-0.39	0.81
PBDIT Margin (%)	-0.59	1.10	-5.90	-7.78	36.96
PBIT Margin (%)	-1.42	-1.29	-8.92	-10.28	20.43
PBT Margin (%)	9.75	1.87	-12.81	-11.03	19.84
Net Profit Margin (%)	9.95	2.28	-12.35	-10.70	17.40
NP After MI And SOA Margin (%)	9.95	2.28	-12.35	-10.70	17.40
Return on Networth / Equity (%)	5.45	0.68	-3.22	-3.39	7.22
Return on Capital Employeed (%)	-0.49	-0.24	-1.46	-2.07	5.39
Return On Assets (%)	3.22	0.40	-1.90	-2.03	4.36
Long Term Debt / Equity (X)	0.39	0.38	0.36	0.35	0.35
Total Debt / Equity (X)	0.40	0.39	0.38	0.37	0.35
Asset Turnover Ratio (%)	0.14	0.10	0.09	0.11	0.14
Current Ratio (X)	9.43	5.64	4.95	5.20	5.35
Quick Ratio (X)	9.43	5.64	4.95	5.20	5.35
Interest Coverage Ratio (X)	-1.34	1.95	-17.86	-11.01	63.10
Interest Coverage Ratio (Post Tax) (X)	-2.76	-1.56	-25.57	-14.08	22.02
Enterprise Value (Cr.)	15.69	14.68	9.15	8.40	11.73
EV / Net Operating Revenue (X)	1.93	3.54	2.63	1.97	2.15
EV / EBITDA (X)	-326.97	319.60	-44.56	-25.35	5.81
MarketCap / Net Operating Revenue (X)	1.22	2.28	1.21	0.93	1.34
Price / BV (X)	0.67	0.68	0.31	0.29	0.55
Price / Net Operating Revenue (X)	1.22	2.28	1.21	0.93	1.34
EarningsYield	0.08	0.01	-0.10	-0.11	0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 23.07

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 26.07% compared to the current share price 18.30

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 22, 2024 is: 22.03

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 20.38% compared to the current share price 18.30

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -4.52%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (19.18 cr) and profit (0.08 cr) over the years.	The stock has a low average ROCE of -0.31%, which may not be favorable. The stock has a high average Working Capital Days of 301.98, which may not be favorable. The stock has a high average Cash Conversion Cycle of 271.47, which may not be favorable. The company has higher borrowings (7.07) compared to reserves (4.36), which may suggest financial risk.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 9.95%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -0.49% (Industry Average ROCE: 21.7%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.45% (Industry Average ROE: 62.45%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -2.76
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 9.43
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 97.64)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.4
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ajel Ltd. is a Public Limited Listed company incorporated on 17/02/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67120MH1994PLC076637 and registration number is 076637. Currently Company is involved in the business activities of Computer programming activities. Company’s Total Operating Revenue is Rs. 2.19 Cr. and Equity Capital is Rs. 11.65 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
IT Consulting & Software	106, 2nd Floor, Link Plaza Commercial Complex, Mumbai Maharashtra 400102	info@ajel.com http://www.ajel.in

Management
Name	Position Held
Mr. Srinivasa Reddy Arikatla	Chairman & Managing Director
Ms. Harshana Antharaji	Whole Time Director
Mrs. Madhavi Latha Pasupuleti	Additional Director
Mr. Venkata Satyanarayana Reddy Chintakuntala	Additional Director
Mr. Sirangivi	Independent Director
Mr. Ashrith Reddy Gireddy	Executive Director
Mr. Rama Rao Madasu	Independent Director

FAQ

What is the latest intrinsic value of Ajel Ltd?

The latest intrinsic value of Ajel Ltd as on 16 December 2024 is ₹23.07, which is 26.07% higher than the current market price of ₹18.30. The stock has a market capitalization of 21.3 Cr. and recorded a high/low of ₹28.6/12.0 during the current fiscal year 2024-2025. As of Mar 2024, the company has reserves of ₹1.91 Cr and total liabilities of ₹28.08 Cr.

What is the Market Cap of Ajel Ltd?

The Market Cap of Ajel Ltd is 21.3 Cr..

What is the current Stock Price of Ajel Ltd as on 16 December 2024?

The current stock price of Ajel Ltd as on 16 December 2024 is 18.3.

What is the High / Low of Ajel Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ajel Ltd stocks is 28.6/12.0.

What is the Stock P/E of Ajel Ltd?

The Stock P/E of Ajel Ltd is .

What is the Book Value of Ajel Ltd?

The Book Value of Ajel Ltd is 11.6.

What is the Dividend Yield of Ajel Ltd?

The Dividend Yield of Ajel Ltd is 0.00 %.

What is the ROCE of Ajel Ltd?

The ROCE of Ajel Ltd is 6.62 %.

What is the ROE of Ajel Ltd?

The ROE of Ajel Ltd is 13.0 %.

What is the Face Value of Ajel Ltd?

The Face Value of Ajel Ltd is 10.0.

Share Price and Basic Stock Data

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

Competitors of

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Ajel Ltd?

What is the Market Cap of Ajel Ltd?

What is the current Stock Price of Ajel Ltd as on 16 December 2024?

What is the High / Low of Ajel Ltd stocks in FY 2024-2025?

What is the Stock P/E of Ajel Ltd?

What is the Book Value of Ajel Ltd?

What is the Dividend Yield of Ajel Ltd?

What is the ROCE of Ajel Ltd?

What is the ROE of Ajel Ltd?

What is the Face Value of Ajel Ltd?

About the Author

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