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Last Updated on: 03 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 513349 | NSE: AJMERA

Ajmera Realty & Infra India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 3, 2024, 10:25 pm

Market Cap 3,833 Cr.
Current Price 1,060
High / Low1,120/385
Stock P/E30.5
Book Value 254
Dividend Yield0.38 %
ROCE11.7 %
ROE12.5 %
Face Value 10.0
PEG Ratio1.37

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

View Share Price Target for Ajmera Realty & Infra India Ltd

Competitors of Ajmera Realty & Infra India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 37.2 Cr. 74.474.4/15.011.5 70.70.00 %%% 10.0
HB Estate Developers Ltd 181 Cr. 92.9125/41.024.3 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,072 Cr. 54.463.9/20.712.7 19.50.55 %%% 1.00
Gyan Developers & Builders Ltd 7.06 Cr. 23.533.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 55.9 Cr. 118163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average11,969.12N/A34.02N/AN/A22.9214.60N/A

All Competitor Stocks of Ajmera Realty & Infra India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales13598691815218579114116145207232194
Expenses101754914137129578379108147166129
Operating Profit33232040155622313738606664
OPM %25%24%29%22%30%30%28%27%32%26%29%29%33%
Other Income1213322422222
Interest199823211815910212823
Depreciation0000000000101
Profit before tax14151320154615192929414043
Tax %26%23%25%25%25%25%29%24%26%22%26%26%24%
Net Profit11111015123411152223302933
EPS in Rs2.893.222.743.953.269.633.004.265.946.358.598.108.85

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2088078165316277370382344347483431582
Expenses1685956119233170231254240251366307416
Operating Profit402123458310713812710595116124166
OPM %19%27%29%27%26%39%37%33%30%28%24%29%28%
Other Income891079141719656109
Interest24417313646506658593655
Depreciation3662223222222
Profit before tax4420233359831069443416296118
Tax %5%18%25%20%22%21%21%19%23%23%25%26%
Net Profit42161726466684763331467289
EPS in Rs10.914.374.577.2411.9518.3723.1921.209.228.5112.7920.1525.14
Dividend Payout %16%34%33%23%21%16%14%16%15%16%18%15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-61.90%6.25%52.94%76.92%43.48%27.27%-9.52%-56.58%-6.06%48.39%56.52%
Change in YoY Net Profit Growth (%)0.00%68.15%46.69%23.98%-33.44%-16.21%-36.80%-47.06%50.52%54.45%8.13%

Ajmera Realty & Infra India Ltd 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:24%
5 Years:13%
3 Years:26%
TTM:83%
Compounded Profit Growth
10 Years:20%
5 Years:6%
3 Years:50%
TTM:82%
Stock Price CAGR
10 Years:26%
5 Years:56%
3 Years:58%
1 Year:156%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:10%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:45 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital35353535353535353535353536
Reserves351361380414469527576603629674738830883
Borrowings255333268334445515863968775868843808819
Other Liabilities239357492478466458406365457441303290295
Total Liabilities8801,0861,1761,2611,4161,5361,8801,9721,8972,0181,9201,9632,033
Fixed Assets1231197472706971766666697173
CWIP0000000000000
Investments39393922248667502566110111
Other Assets7549581,0631,1501,3251,4431,7221,8291,7811,9281,7851,7821,849
Total Assets8801,0861,1761,2611,4161,5361,8801,9721,8972,0181,9201,9632,033

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-21-71-6811959-116-345-18201-64135220
Cash from Investing Activity +-20-4-10-914-4-511-929-45-72
Cash from Financing Activity +566759-98-69109363-1-17533-86-97
Net Cash Flow15-8-19115-1112-717-2451

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow40.00-234.00-310.00-223.00-251.00-338.00-377.00-736.00-863.00-680.00-752.00-719.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days72964154171176184223189200114112
Inventory Days18,07114,006
Days Payable8421,090
Cash Conversion Cycle7296415417,40013,093184223189200114112
Working Capital Days2,6943,4371,4037067448201,1021,1841,1398891,076720
ROCE %4%4%6%11%13%14%11%7%6%7%7%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters69.73%69.73%69.73%69.73%69.74%69.74%69.74%69.74%69.74%69.74%74.20%74.20%
FIIs0.05%0.02%0.02%0.02%0.02%0.03%0.02%0.02%0.04%0.02%0.29%0.19%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.59%0.82%1.59%1.77%2.11%2.11%
Public30.22%30.24%30.24%30.24%30.23%30.23%29.65%29.43%28.64%28.47%23.41%23.51%
No. of Shareholders26,87026,01726,89727,29027,77927,69226,82124,72224,21424,82425,18827,506

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)28.9420.2212.758.709.17
Diluted EPS (Rs.)28.9420.2212.758.709.17
Cash EPS (Rs.)29.7720.6013.539.379.89
Book Value[Excl.RevalReserv]/Share (Rs.)280.02251.70228.65215.91209.51
Book Value[Incl.RevalReserv]/Share (Rs.)280.02251.70228.65215.91209.51
Revenue From Operations / Share (Rs.)197.26121.49136.0397.7197.05
PBDIT / Share (Rs.)58.9137.7534.5528.3231.19
PBIT / Share (Rs.)58.4337.3334.0727.8230.58
PBT / Share (Rs.)39.1227.1117.4011.5512.02
Net Profit / Share (Rs.)29.2920.1713.068.879.28
NP After MI And SOA / Share (Rs.)28.9820.1712.798.509.21
PBDIT Margin (%)29.8631.0725.3928.9832.14
PBIT Margin (%)29.6230.7225.0528.4731.51
PBT Margin (%)19.8322.3112.7811.8212.38
Net Profit Margin (%)14.8416.609.609.089.56
NP After MI And SOA Margin (%)14.6916.609.408.709.49
Return on Networth / Equity (%)11.889.256.394.545.11
Return on Capital Employeed (%)11.497.316.885.956.34
Return On Assets (%)5.233.722.241.591.65
Long Term Debt / Equity (X)0.881.041.151.041.36
Total Debt / Equity (X)0.931.071.221.131.36
Asset Turnover Ratio (%)0.360.200.230.160.18
Current Ratio (X)10.1913.405.465.295.47
Quick Ratio (X)2.942.721.651.491.65
Dividend Payout Ratio (NP) (%)99.8311.150.0016.4615.19
Dividend Payout Ratio (CP) (%)98.1910.920.0015.5414.24
Earning Retention Ratio (%)0.1788.850.0083.5484.81
Cash Earning Retention Ratio (%)1.8189.080.0084.4685.76
Interest Coverage Ratio (X)3.053.692.071.741.68
Interest Coverage Ratio (Post Tax) (X)2.522.971.781.551.50
Enterprise Value (Cr.)3390.761886.532095.081229.531175.20
EV / Net Operating Revenue (X)4.844.384.343.553.41
EV / EBITDA (X)16.2214.0817.0912.2410.62
MarketCap / Net Operating Revenue (X)3.672.282.411.200.65
Retention Ratios (%)0.1688.840.0083.5384.80
Price / BV (X)2.971.271.640.620.35
Price / Net Operating Revenue (X)3.672.282.411.200.65
EarningsYield0.030.070.030.070.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ajmera Realty & Infra India Ltd as of December 3, 2024 is: 972.05

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 3, 2024, Ajmera Realty & Infra India Ltd is Overvalued by 8.30% compared to the current share price 1,060.00

Intrinsic Value of Ajmera Realty & Infra India Ltd as of December 3, 2024 is: 1,188.00

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 3, 2024, Ajmera Realty & Infra India Ltd is Undervalued by 12.08% compared to the current share price 1,060.00

Last 5 Year EPS CAGR: 22.22%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (312.54 cr) and profit (63.23 cr) over the years.
  1. The stock has a low average ROCE of 8.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 324.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 109.58, which may not be favorable.
  4. The company has higher borrowings (622.62) compared to reserves (571.92), which may suggest financial risk.

Stock Analysis

  • 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 Ajmera Realty & Infra India Ltd:
    1. Net Profit Margin: 14.84%
      • 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: 11.49% (Industry Average ROCE: 22.92%)
      • 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%: 11.88% (Industry Average ROE: 14.6%)
      • 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): 2.52
      • 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: 2.94
      • 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: 30.5 (Industry average Stock P/E: 34.02)
      • 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: 0.93
      • 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

Ajmera Realty & Infra India Ltd. is a Public Limited Listed company incorporated on 18/03/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27104MH1985PLC035659 and registration number is 035659. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 404.79 Cr. and Equity Capital is Rs. 35.48 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringCiti Mall, 2nd Floor, New Link Road, Mumbai Maharashtra 400053investors@ajmera.com
http://www.ajmera.com
Management
NamePosition Held
Mr. Rajnikant S AjmeraChairman & Managing Director
Mr. Manoj I AjmeraManaging Director
Mr. Sanjay C AjmeraWhole Time Director
Mrs. Aarti M RamaniInd. Non-Executive Woman Director
Mr. K G KrishnamurthyInd. Non-Executive Director
Mrs. Hemanti SutariaInd. Non-Executive Woman Director

FAQ

What is the latest intrinsic value of Ajmera Realty & Infra India Ltd?

The latest intrinsic value of Ajmera Realty & Infra India Ltd as on 03 December 2024 is ₹972.05, which is 8.30% lower than the current market price of ₹1,060.00. The stock has a market capitalization of 3,833 Cr. and recorded a high/low of ₹1,120/385 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹883 Cr and total liabilities of ₹2,033 Cr.

What is the Market Cap of Ajmera Realty & Infra India Ltd?

The Market Cap of Ajmera Realty & Infra India Ltd is 3,833 Cr..

What is the current Stock Price of Ajmera Realty & Infra India Ltd as on 03 December 2024?

The current stock price of Ajmera Realty & Infra India Ltd as on 03 December 2024 is 1,060.

What is the High / Low of Ajmera Realty & Infra India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Ajmera Realty & Infra India Ltd stocks is 1,120/385.

What is the Stock P/E of Ajmera Realty & Infra India Ltd?

The Stock P/E of Ajmera Realty & Infra India Ltd is 30.5.

What is the Book Value of Ajmera Realty & Infra India Ltd?

The Book Value of Ajmera Realty & Infra India Ltd is 254.

What is the Dividend Yield of Ajmera Realty & Infra India Ltd?

The Dividend Yield of Ajmera Realty & Infra India Ltd is 0.38 %.

What is the ROCE of Ajmera Realty & Infra India Ltd?

The ROCE of Ajmera Realty & Infra India Ltd is 11.7 %.

What is the ROE of Ajmera Realty & Infra India Ltd?

The ROE of Ajmera Realty & Infra India Ltd is 12.5 %.

What is the Face Value of Ajmera Realty & Infra India Ltd?

The Face Value of Ajmera Realty & Infra India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Ajmera Realty & Infra India 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