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.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	Citi Mall, 2nd Floor, New Link Road, Mumbai Maharashtra 400053	investors@ajmera.com http://www.ajmera.com

Management
Name	Position Held
Mr. Rajnikant S Ajmera	Chairman & Managing Director
Mr. Manoj I Ajmera	Managing Director
Mr. Sanjay C Ajmera	Whole Time Director
Mrs. Aarti M Ramani	Ind. Non-Executive Woman Director
Mr. K G Krishnamurthy	Ind. Non-Executive Director
Mrs. Hemanti Sutaria	Ind. Non-Executive Woman Director

Basic Stock Data of Ajmera Realty & Infra India Ltd

Last Updated: July 26, 2024, 11:04 pm

Market Cap	2,578 Cr.
Current Price	728
High / Low	887/326
Stock P/E	25.1
Book Value	244
Dividend Yield	0.55 %
ROCE	11.7 %
ROE	12.5 %
Face Value	10.0
PEG Ratio	1.13

Data Source: screener.in

Competitors of Ajmera Realty & Infra India Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Techindia Nirman Ltd	41.8 Cr.	27.2	46.0/9.65		8.20	0.00 %	0.43 %	3.35 %	10.0
Tarmat Ltd	203 Cr.	95.2	154/57.4	137	60.8	0.00 %	1.45 %	1.14 %	10.0
Tantia Constructions Ltd	731 Cr.	48.2	61.2/18.2		16.0	0.00 %	1.19 %	5.84 %	1.00
Supreme Infrastructure India Ltd	196 Cr.	82.9	117/20.8		1,895	0.00 %	%	%	10.0
Sumit Woods Ltd	249 Cr.	81.4	91.2/27.0	27.7	24.8	0.00 %	13.6 %	12.9 %	10.0
Industry Average	9,995.77 Cr	296.87		218.01	127.97	0.08%	13.62%	60.28%	6.50

Ajmera Realty & Infra India Ltd Quarterly Results

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	121	79	135	98	69	181	52	185	79	114	116	145	207
Expenses	91	54	101	75	49	141	37	129	57	83	79	108	147
Operating Profit	30	25	33	23	20	40	15	56	22	31	37	38	60
OPM %	25%	32%	25%	24%	29%	22%	30%	30%	28%	27%	32%	26%	29%
Other Income	2	1	1	2	1	3	3	2	2	4	2	2	2
Interest	21	9	19	9	8	23	2	11	8	15	9	10	21
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	1
Profit before tax	10	16	14	15	13	20	15	46	15	19	29	29	41
Tax %	24%	20%	26%	23%	25%	25%	25%	25%	29%	24%	26%	22%	26%
Net Profit	8	13	11	11	10	15	12	34	11	15	22	23	30
EPS in Rs	2.23	3.52	2.89	3.22	2.74	3.95	3.26	9.63	3.00	4.26	5.94	6.35	8.59

Last Updated: July 11, 2024, 9:32 am

Ajmera Realty & Infra India Ltd Quarterly Chart

Ajmera Realty & Infra India Ltd Profit & Loss

Last Updated: July 10, 2024, 2:45 pm

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	208	80	78	165	316	277	370	382	344	347	483	431	582
Expenses	168	59	56	119	233	170	231	254	240	251	366	307	416
Operating Profit	40	21	23	45	83	107	138	127	105	95	116	124	166
OPM %	19%	27%	29%	27%	26%	39%	37%	33%	30%	28%	24%	29%	28%
Other Income	8	9	10	7	9	14	17	19	6	5	6	10	9
Interest	2	4	4	17	31	36	46	50	66	58	59	36	55
Depreciation	3	6	6	2	2	2	3	2	2	2	2	2	2
Profit before tax	44	20	23	33	59	83	106	94	43	41	62	96	118
Tax %	5%	18%	25%	20%	22%	21%	21%	19%	23%	23%	25%	26%
Net Profit	42	16	17	26	46	66	84	76	33	31	46	72	89
EPS in Rs	10.91	4.37	4.57	7.24	11.95	18.37	23.19	21.20	9.22	8.51	12.79	20.15	25.14
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

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 (%)	-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:	27%
5 Years:	40%
3 Years:	33%
1 Year:	90%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	10%
Last Year:	13%

Last Updated: July 24, 2024, 6:07 pm

Ajmera Realty & Infra India Ltd Balance Sheet

Last Updated: July 10, 2024, 2:45 pm

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	Sep 2023
Equity Capital	35	35	35	35	35	35	35	35	35	35	35	35	35
Reserves	366	351	361	380	414	469	527	576	603	629	674	738	772
Borrowings	192	255	333	268	334	445	515	863	968	775	995	843	827
Other Liabilities	162	239	357	492	478	466	458	406	365	457	314	305	290
Total Liabilities	755	880	1,086	1,176	1,261	1,416	1,536	1,880	1,972	1,897	2,018	1,922	1,925
Fixed Assets	240	123	119	74	72	70	69	71	76	66	66	69	68
CWIP	2	0	0	0	0	0	0	0	0	0	0	0	0
Investments	1	3	9	39	39	22	24	86	67	50	25	66	66
Other Assets	512	754	958	1,063	1,150	1,325	1,443	1,722	1,829	1,781	1,928	1,787	1,791
Total Assets	755	880	1,086	1,176	1,261	1,416	1,536	1,880	1,972	1,897	2,018	1,922	1,925

Ajmera Realty & Infra India Ltd Reserves and Borrowings Chart

Ajmera Realty & Infra India Ltd Cash Flow

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
Cash from Operating Activity	-21	-71	-68	119	59	-116	-345	-18	201	-64	135	220
Cash from Investing Activity	-20	-4	-10	-9	14	-4	-5	11	-9	29	-45	-72
Cash from Financing Activity	56	67	59	-98	-69	109	363	-1	-175	33	-86	-97
Net Cash Flow	15	-8	-19	11	5	-11	12	-7	17	-2	4	51

Ajmera Realty & Infra India Ltd 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	73	72	96	41	54	171	176	184	223	189	200	116
Inventory Days						18,071	14,006
Days Payable						842	1,090
Cash Conversion Cycle	73	72	96	41	54	17,400	13,093	184	223	189	200	116
Working Capital Days	552	2,694	3,437	1,403	706	744	820	1,102	1,184	1,139	889	1,129
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

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	69.73%	69.73%	69.73%	69.73%	69.73%	69.74%	69.74%	69.74%	69.74%	69.74%	69.74%	74.20%
FIIs	0.08%	0.05%	0.02%	0.02%	0.02%	0.02%	0.03%	0.02%	0.02%	0.04%	0.02%	0.29%
DIIs	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.59%	0.82%	1.59%	1.77%	2.11%
Public	30.18%	30.22%	30.24%	30.24%	30.24%	30.23%	30.23%	29.65%	29.43%	28.64%	28.47%	23.41%
No. of Shareholders	29,287	26,870	26,017	26,897	27,290	27,779	27,692	26,821	24,722	24,214	24,824	25,188

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

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	28.94	20.22	12.75	8.70	9.17
Diluted EPS (Rs.)	28.94	20.22	12.75	8.70	9.17
Cash EPS (Rs.)	29.77	20.60	13.53	9.37	9.89
Book Value[Excl.RevalReserv]/Share (Rs.)	280.02	251.70	228.65	215.91	209.51
Book Value[Incl.RevalReserv]/Share (Rs.)	280.02	251.70	228.65	215.91	209.51
Revenue From Operations / Share (Rs.)	197.26	121.49	136.03	97.71	97.05
PBDIT / Share (Rs.)	58.91	37.75	34.55	28.32	31.19
PBIT / Share (Rs.)	58.43	37.33	34.07	27.82	30.58
PBT / Share (Rs.)	39.12	27.11	17.40	11.55	12.02
Net Profit / Share (Rs.)	29.29	20.17	13.06	8.87	9.28
NP After MI And SOA / Share (Rs.)	28.98	20.17	12.79	8.50	9.21
PBDIT Margin (%)	29.86	31.07	25.39	28.98	32.14
PBIT Margin (%)	29.62	30.72	25.05	28.47	31.51
PBT Margin (%)	19.83	22.31	12.78	11.82	12.38
Net Profit Margin (%)	14.84	16.60	9.60	9.08	9.56
NP After MI And SOA Margin (%)	14.69	16.60	9.40	8.70	9.49
Return on Networth / Equity (%)	11.88	9.25	6.39	4.54	5.11
Return on Capital Employeed (%)	11.49	7.31	6.88	5.95	6.34
Return On Assets (%)	5.23	3.72	2.24	1.59	1.65
Long Term Debt / Equity (X)	0.88	1.04	1.15	1.04	1.36
Total Debt / Equity (X)	0.93	1.07	1.22	1.13	1.36
Asset Turnover Ratio (%)	0.36	0.20	0.23	0.16	0.18
Current Ratio (X)	10.19	13.40	5.46	5.29	5.47
Quick Ratio (X)	2.94	2.72	1.65	1.49	1.65
Dividend Payout Ratio (NP) (%)	99.83	11.15	0.00	16.46	15.19
Dividend Payout Ratio (CP) (%)	98.19	10.92	0.00	15.54	14.24
Earning Retention Ratio (%)	0.17	88.85	0.00	83.54	84.81
Cash Earning Retention Ratio (%)	1.81	89.08	0.00	84.46	85.76
Interest Coverage Ratio (X)	3.05	3.69	2.07	1.74	1.68
Interest Coverage Ratio (Post Tax) (X)	2.52	2.97	1.78	1.55	1.50
Enterprise Value (Cr.)	3390.76	1886.53	2095.08	1229.53	1175.20
EV / Net Operating Revenue (X)	4.84	4.38	4.34	3.55	3.41
EV / EBITDA (X)	16.22	14.08	17.09	12.24	10.62
MarketCap / Net Operating Revenue (X)	3.67	2.28	2.41	1.20	0.65
Retention Ratios (%)	0.16	88.84	0.00	83.53	84.80
Price / BV (X)	2.97	1.27	1.64	0.62	0.35
Price / Net Operating Revenue (X)	3.67	2.28	2.41	1.20	0.65
EarningsYield	0.03	0.07	0.03	0.07	0.14

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: 769.76

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.

Undervalued: 5.74% compared to the current price 728

Intrinsic Value: 940.77

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: 29.23% compared to the current price 728

Last 5 Year EPS CAGR: 22.22%

*Investments are subject to market risks

Strength and Weakness of Ajmera Realty & Infra India Ltd

Strength	Weakness
The company has shown consistent growth in sales (312.54 cr) and profit (63.23 cr) over the years.	The stock has a low average ROCE of 8.17%, which may not be favorable. The stock has a high average Working Capital Days of 310.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 106.50, which may not be favorable. The company has higher borrowings (616.83) compared to reserves (546.00), 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: 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: 13.62%)
  - 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: 60.28%)
  - 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: 25.1 (Industry average Stock P/E: 218.01)
  - 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: ★★★★☆

FAQ

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

The latest fair value of Ajmera Realty & Infra India Ltd is ₹769.76.

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

The Market Cap of Ajmera Realty & Infra India Ltd is 2,578 Cr..

What is the current Stock Price of Ajmera Realty & Infra India Ltd as on 27 July 2024?

The current stock price of Ajmera Realty & Infra India Ltd as on 27 July 2024 is 728.

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 887/326.

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

The Stock P/E of Ajmera Realty & Infra India Ltd is 25.1.

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

The Book Value of Ajmera Realty & Infra India Ltd is 244.

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

The Dividend Yield of Ajmera Realty & Infra India Ltd is 0.55 %.

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.