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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 513349 | NSE: AJMERA

Fundamental Analysis of Ajmera Realty & Infra India Ltd

About the Company - Ajmera Realty & Infra India Ltd

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, Mumbai Maharashtra 400053investors@ajmera.com
http://www.ajmera.com
Management
NamePosition Held
Mr. Rajnikant S AjmeraChairman & Managing Director
Mr. Manoj l AjmeraManaging Director
Mr. Sanjay C AjmeraWhole Time Director
Mr. Ambalal C PatelInd. Non-Executive Director
Mr. K G KrishnamurthyInd. Non-Executive Director
Mrs. Aarti M RamaniInd. Non-Executive Woman Director

Basic Stock Data of Ajmera Realty & Infra India Ltd

Last Updated: April 6, 2024, 5:47 am

Market Cap 2,847 Cr.
Current Price 802
High / Low839/281
Stock P/E32.2
Book Value 228
Dividend Yield0.37 %
ROCE7.48 %
ROE9.64 %
Face Value 10.0
PEG Ratio1.45

Competitors of Ajmera Realty & Infra India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tarmat Ltd 185 Cr. 87.0154/57.4126 61.80.00 %4.00 %4.57 % 10.0
Tantia Constructions Ltd 613 Cr. 39.649.2/9.4066.4 16.00.00 %0.05 %0.94 % 1.00
PSP Projects Ltd 2,653 Cr. 669846/59821.4 2540.37 %19.1 %14.4 % 10.0
Supreme Infrastructure India Ltd 293 Cr. 111116/20.3 2,2210.00 %11.2 %% 10.0
Simplex Infrastructures Ltd 712 Cr. 125152/29.8 25.60.00 %0.67 %100 % 2.00
Industry Average891.20 Cr206.3242.76515.680.07%7.00%23.98%6.60

Ajmera Realty & Infra India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1217913598691815218579114116145207
Expenses9154101754914137129578379108147
Operating Profit30253323204015562231373860
OPM %25%32%25%24%29%22%30%30%28%27%32%26%29%
Other Income2112133224222
Interest21919982321181591021
Depreciation0000000000001
Profit before tax10161415132015461519292941
Tax %24%20%26%23%25%25%25%25%29%24%26%22%26%
Net Profit8131111101512341115222330
EPS in Rs2.233.522.893.222.743.953.269.633.004.265.946.358.59

Last Updated: May 6, 2024, 3:22 am

Ajmera Realty & Infra India Ltd Quarterly Chart

Ajmera Realty & Infra India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2088078165316277370382344347483431455
Expenses1685956119233170231254240251366307327
Operating Profit402123458310713812710595116124128
OPM %19%27%29%27%26%39%37%33%30%28%24%29%28%
Other Income891079141719656109
Interest24417313646506658593642
Depreciation3662223222221
Profit before tax442023335983106944341629693
Tax %5%18%25%20%22%21%21%19%23%23%25%26%
Net Profit42161726466684763331467270
EPS in Rs10.914.374.577.2411.9518.3723.1921.209.228.5112.7920.1519.55
Dividend Payout %16%34%33%23%21%16%14%16%15%16%18%15%

Ajmera Realty & Infra India Ltd 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 Growth

Compounded Sales Growth
10 Years:24%
5 Years:13%
3 Years:26%
TTM:62%
Compounded Profit Growth
10 Years:20%
5 Years:6%
3 Years:50%
TTM:44%
Stock Price CAGR
10 Years:26%
5 Years:31%
3 Years:69%
1 Year:105%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:10%
Last Year:13%

Last Updated: April 6, 2024, 5:47 am

Ajmera Realty & Infra India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital35353535353535353535353535
Reserves366351361380414469527576603629674738772
Borrowings192255333268334445515863968775995843827
Other Liabilities162239357492478466458406365457314305290
Total Liabilities7558801,0861,1761,2611,4161,5361,8801,9721,8972,0181,9221,925
Fixed Assets24012311974727069717666666968
CWIP2000000000000
Investments13939392224866750256666
Other Assets5127549581,0631,1501,3251,4431,7221,8291,7811,9281,7871,791
Total Assets7558801,0861,1761,2611,4161,5361,8801,9721,8972,0181,9221,925

Ajmera Realty & Infra India Ltd Reserves and Borrowings Chart

Ajmera Realty & Infra India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -24-21-71-6811959-116-345-18201-64137
Cash from Investing Activity -44-20-4-10-914-4-511-929-47
Cash from Financing Activity 71566759-98-69109363-1-17533-86
Net Cash Flow315-8-19115-1112-717-24

Ajmera Realty & Infra India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7372964154171176184223189200116
Inventory Days18,07114,006
Days Payable8421,090
Cash Conversion Cycle737296415417,40013,093184223189200116
Working Capital Days5522,6943,4371,4037067448201,1021,1841,1398891,129
ROCE %8%4%4%6%11%13%14%11%7%6%7%7%

Ajmera Realty & Infra India Ltd Financial Efficiency Indicators Chart

Ajmera Realty & Infra India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters69.73%69.73%69.73%69.73%69.73%69.74%69.74%69.74%69.74%69.74%69.74%74.20%
FIIs0.08%0.05%0.02%0.02%0.02%0.02%0.03%0.02%0.02%0.04%0.02%0.29%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.59%0.82%1.59%1.77%2.11%
Public30.18%30.22%30.24%30.24%30.24%30.23%30.23%29.65%29.43%28.64%28.47%23.41%
No. of Shareholders29,28726,87026,01726,89727,29027,77927,69226,82124,72224,21424,82425,188

Ajmera Realty & Infra India Ltd Shareholding Pattern Chart

No. of Ajmera Realty & Infra India Ltd Shareholders

This stock is not held by any mutual fund

Ajmera Realty & Infra India Ltd ROCE Trend

Ajmera Realty & Infra India Ltd EPS Trend

Ajmera Realty & Infra India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)20.2212.758.709.1721.05
Diluted EPS (Rs.)20.2212.758.709.1721.05
Cash EPS (Rs.)20.6013.539.379.8922.17
Book Value[Excl.RevalReserv]/Share (Rs.)251.70228.65215.91209.51199.13
Book Value[Incl.RevalReserv]/Share (Rs.)251.70228.65215.91209.51199.13
Revenue From Operations / Share (Rs.)121.49136.0397.7197.05107.52
PBDIT / Share (Rs.)37.7534.5528.3231.1941.32
PBIT / Share (Rs.)37.3334.0727.8230.5840.64
PBT / Share (Rs.)27.1117.4011.5512.0226.48
Net Profit / Share (Rs.)20.1713.068.879.2821.49
NP After MI And SOA / Share (Rs.)20.1712.798.509.2121.20
PBDIT Margin (%)31.0725.3928.9832.1438.42
PBIT Margin (%)30.7225.0528.4731.5137.79
PBT Margin (%)22.3112.7811.8212.3824.62
Net Profit Margin (%)16.609.609.089.5619.98
NP After MI And SOA Margin (%)16.609.408.709.4919.71
Return on Networth / Equity (%)9.256.394.545.1112.30
Return on Capital Employeed (%)7.316.885.956.348.46
Return On Assets (%)3.722.241.591.654.00
Long Term Debt / Equity (X)1.041.151.041.361.30
Total Debt / Equity (X)1.071.221.131.361.30
Asset Turnover Ratio (%)0.200.230.160.180.22
Current Ratio (X)13.405.465.295.477.90
Quick Ratio (X)2.721.651.491.652.39
Dividend Payout Ratio (NP) (%)11.150.0016.4615.1930.18
Dividend Payout Ratio (CP) (%)10.920.0015.5414.2429.25
Earning Retention Ratio (%)88.850.0083.5484.8169.82
Cash Earning Retention Ratio (%)89.080.0084.4685.7670.75
Interest Coverage Ratio (X)3.692.071.741.682.92
Interest Coverage Ratio (Post Tax) (X)2.971.781.551.502.52
Enterprise Value (Cr.)1886.532095.081229.531175.201539.11
EV / Net Operating Revenue (X)4.384.343.553.414.03
EV / EBITDA (X)14.0817.0912.2410.6210.50
MarketCap / Net Operating Revenue (X)2.282.411.200.651.77
Retention Ratios (%)88.840.0083.5384.8069.81
Price / BV (X)1.271.640.620.351.11
Price / Net Operating Revenue (X)2.282.411.200.651.77
EarningsYield0.070.030.070.140.11

Ajmera Realty & Infra India Ltd Profitability Ratios (%)

Ajmera Realty & Infra India Ltd Liquidity Ratios

Ajmera Realty & Infra India Ltd Liquidity Ratios (%)

Ajmera Realty & Infra India Ltd Interest Coverage Ratios (X)

Ajmera Realty & Infra India Ltd Valuation Ratios

Fair Value

Fair Value: ₹710.35

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.

Overvalued: 11.43% compared to the current price ₹802

Intrinsic Value: ₹868.16

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 8.25% compared to the current price ₹802

Last 5 Year EPS CAGR: 22.22%

*Investments are subject to market risks

Strength and Weakness of Ajmera Realty & Infra India Ltd

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 8.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 310.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 106.50, which may not be favorable.
  4. The company has higher borrowings (585.62) compared to reserves (527.69), which may suggest financial risk.

Should I Buy Ajmera Realty & Infra India Ltd Share Now?

  • 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: 16.60%
      • 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: 7.31% (Industry Average ROCE: 40.33%)
      • 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%: 9.25% (Industry Average ROE: 25.07%)
      • 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): 2.97
      • 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: 2.72
      • 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: 32.2 (Industry average Stock P/E: 37.66)
      • 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: 1.07
      • 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: ★★★︎☆☆

FAQ

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

The latest fair value of Ajmera Realty & Infra India Ltd is 710.35.

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

The Market Cap of Ajmera Realty & Infra India Ltd is 2,847 Cr..

What is the current Stock Price of Ajmera Realty & Infra India Ltd as on 17 April 2024?

The current stock price of Ajmera Realty & Infra India Ltd as on 17 April 2024 is 802.

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

In FY 2024, the High / Low of Ajmera Realty & Infra India Ltd stocks is ₹839/281.

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

The Stock P/E of Ajmera Realty & Infra India Ltd is 32.2.

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

The Book Value of Ajmera Realty & Infra India Ltd is 228.

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

The Dividend Yield of Ajmera Realty & Infra India Ltd is 0.37 %.

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

The ROCE of Ajmera Realty & Infra India Ltd is 7.48 %.

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

The ROE of Ajmera Realty & Infra India Ltd is 9.64 %.

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