Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 513349 | NSE: AJMERA

Ajmera Realty & Infra India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹107.37Fairly Valued by 2.26%vs CMP ₹105.00

P/E (17.3) × ROE (12.0%) × BV (₹64.10) × DY (0.86%)

₹82.50Overvalued by 21.43%vs CMP ₹105.00
MoS: -27.3% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹127.6123%Under (+21.5%)
Graham NumberEarnings₹93.5717%Over (-10.9%)
Earnings PowerEarnings₹10.2011%Over (-90.3%)
DCFCash Flow₹113.6811%Fair (+8.3%)
Net Asset ValueAssets₹64.097%Over (-39%)
EV/EBITDAEnterprise₹85.799%Over (-18.3%)
Earnings YieldEarnings₹60.707%Over (-42.2%)
ROCE CapitalReturns₹48.217%Over (-54.1%)
Revenue MultipleRevenue₹37.516%Over (-64.3%)
Consensus (9 models)₹82.50100%Overvalued
Key Drivers: Wide model spread (₹10–₹128) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 18.8%

*Investments are subject to market risks

Investment Snapshot

53
Ajmera Realty & Infra India Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 12.7% GoodROE 12.0% AverageD/E 1.13 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.09% MF sellingPromoter holding at 68.2% Stable
Earnings Quality55/100 · Moderate
OPM expanding (27% → 30%) ImprovingWorking capital: 727 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -1% YoY FlatProfit (4Q): -7% YoY Declining
Industry Rank65/100 · Strong
P/E 17.3 vs industry 36.6 Cheaper than peersROCE 12.7% vs industry 16.4% Average3Y sales CAGR: 15% Moderate

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: April 2, 2026, 2:34 am

Market Cap 2,066 Cr.
Current Price 105
Intrinsic Value₹82.50
High / Low 221/98.0
Stock P/E17.3
Book Value 64.1
Dividend Yield0.86 %
ROCE12.7 %
ROE12.0 %
Face Value 2.00
PEG Ratio0.92

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

View Share Price Target for Ajmera Realty & Infra India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ajmera Realty & Infra India Ltd 2,066 Cr. 105 221/98.017.3 64.10.86 %12.7 %12.0 % 2.00
Hubtown Ltd 2,647 Cr. 186 366/15020.5 1840.00 %8.13 %2.41 % 10.0
Omaxe Ltd 1,279 Cr. 70.0 114/62.5 30.40.00 %61.4 %506 % 10.0
B-Right RealEstate Ltd 1,041 Cr. 1,008 1,008/226221 1400.00 %5.08 %1.58 % 10.0
BL Kashyap & Sons Ltd 1,035 Cr. 45.9 80.1/40.3116 23.30.00 %8.08 %2.00 % 1.00
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Ajmera Realty & Infra India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 79114116145207232194200193151258219182
Expenses 578379108147166129140130108180161127
Operating Profit 22313738606664606343785855
OPM % 28%27%32%26%29%29%33%30%32%29%30%26%30%
Other Income 2422222462122
Interest 815910212823182412211714
Depreciation 0000101111111
Profit before tax 15192929414043474533574342
Tax % 29%24%26%22%26%26%24%22%26%27%31%27%33%
Net Profit 11152223302933363324393128
EPS in Rs 0.600.851.191.271.721.621.771.951.721.281.951.541.30

Last Updated: February 6, 2026, 8:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 6:01 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 78165316277370382344347483431700738811
Expenses 56119233170231254240251366307499507576
Operating Profit 23458310713812710595116124201231234
OPM % 29%27%26%39%37%33%30%28%24%29%29%31%29%
Other Income 1079141719656108158
Interest 4173136465066585936697663
Depreciation 6222322222234
Profit before tax 233359831069443416296139167175
Tax % 25%20%22%21%21%19%23%23%25%26%25%24%
Net Profit 17264666847633314672104126123
EPS in Rs 0.911.452.393.674.644.241.841.702.564.035.806.406.07
Dividend Payout % 33%23%21%16%14%16%15%16%18%15%14%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)52.94%76.92%43.48%27.27%-9.52%-56.58%-6.06%48.39%56.52%44.44%21.15%
Change in YoY Net Profit Growth (%)0.00%23.98%-33.44%-16.21%-36.80%-47.06%50.52%54.45%8.13%-12.08%-23.29%

Ajmera Realty & Infra India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:16%
3 Years:15%
TTM:3%
Compounded Profit Growth
10 Years:17%
5 Years:31%
3 Years:40%
TTM:17%
Stock Price CAGR
10 Years:27%
5 Years:65%
3 Years:55%
1 Year:45%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:12%
Last Year:12%

Last Updated: September 4, 2025, 10:30 pm

Balance Sheet

Last Updated: December 4, 2025, 12:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 35353535353535353535353939
Reserves 3613804144695275766036296747388301,1671,222
Borrowings 333268334445515863968775868843808676652
Other Liabilities 357492478466458406365457441303290372411
Total Liabilities 1,0861,1761,2611,4161,5361,8801,9721,8972,0181,9201,9632,2542,325
Fixed Assets 119747270697176666669717777
CWIP 0000000000000
Investments 939392224866750256611012496
Other Assets 9581,0631,1501,3251,4431,7221,8291,7811,9281,7851,7822,0532,151
Total Assets 1,0861,1761,2611,4161,5361,8801,9721,8972,0181,9201,9632,2542,325

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -71-6811959-116-345-18201-641352208
Cash from Investing Activity + -4-10-914-4-511-929-45-76-12
Cash from Financing Activity + 6759-98-69109363-1-17533-86-97-1
Net Cash Flow -8-19115-1112-717-2446-5
Free Cash Flow -70-6611955-120-350-25179-661312172
CFO/OP -289%-137%159%72%-68%-258%-8%220%-41%128%127%21%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-310.00-223.00-251.00-338.00-377.00-736.00-863.00-680.00-752.00-719.00-607.00-445.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 964154171176184223189200114112156
Inventory Days 18,07114,006
Days Payable 8421,090
Cash Conversion Cycle 96415417,40013,093184223189200114112156
Working Capital Days 3,3781,3326886938181,1011,1841,0538501,059699727
ROCE %4%6%11%13%14%11%7%6%8%8%12%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 69.74%69.74%69.74%69.74%74.20%74.20%74.20%68.23%68.23%68.23%68.23%68.23%
FIIs 0.02%0.02%0.04%0.02%0.29%0.19%0.32%0.98%0.65%0.48%0.78%0.53%
DIIs 0.59%0.82%1.59%1.77%2.11%2.11%1.96%1.76%2.30%1.74%1.22%1.21%
Public 29.65%29.43%28.64%28.47%23.41%23.51%23.52%29.03%28.81%29.55%29.77%30.04%
No. of Shareholders 26,82124,72224,21424,82425,18827,50628,29627,57227,21727,78427,59527,299

Shareholding Pattern Chart

No. of Shareholders

Ajmera Realty & Infra India 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.) 34.0128.9420.2212.758.70
Diluted EPS (Rs.) 34.0128.9420.2212.758.70
Cash EPS (Rs.) 32.9029.7720.6013.539.37
Book Value[Excl.RevalReserv]/Share (Rs.) 306.54280.02251.70228.65215.91
Book Value[Incl.RevalReserv]/Share (Rs.) 306.54280.02251.70228.65215.91
Revenue From Operations / Share (Rs.) 187.49197.26121.49136.0397.71
PBDIT / Share (Rs.) 62.4558.9137.7534.5528.32
PBIT / Share (Rs.) 61.6758.4337.3334.0727.82
PBT / Share (Rs.) 42.4539.1227.1117.4011.55
Net Profit / Share (Rs.) 32.1229.2920.1713.068.87
NP After MI And SOA / Share (Rs.) 32.0028.9820.1712.798.50
PBDIT Margin (%) 33.3029.8631.0725.3928.98
PBIT Margin (%) 32.8929.6230.7225.0528.47
PBT Margin (%) 22.6419.8322.3112.7811.82
Net Profit Margin (%) 17.1314.8416.609.609.08
NP After MI And SOA Margin (%) 17.0614.6916.609.408.70
Return on Networth / Equity (%) 10.4311.889.256.394.54
Return on Capital Employeed (%) 12.5611.497.316.885.95
Return On Assets (%) 5.585.233.722.241.59
Long Term Debt / Equity (X) 0.470.881.041.151.04
Total Debt / Equity (X) 0.560.931.071.221.13
Asset Turnover Ratio (%) 0.340.360.200.230.16
Current Ratio (X) 5.9610.1913.405.465.29
Quick Ratio (X) 1.962.942.721.651.49
Inventory Turnover Ratio (X) 0.600.000.000.000.00
Dividend Payout Ratio (NP) (%) 11.2799.8311.150.0016.46
Dividend Payout Ratio (CP) (%) 11.0098.1910.920.0015.54
Earning Retention Ratio (%) 88.730.1788.850.0083.54
Cash Earning Retention Ratio (%) 89.001.8189.080.0084.46
Interest Coverage Ratio (X) 3.253.053.692.071.74
Interest Coverage Ratio (Post Tax) (X) 2.672.522.971.781.55
Enterprise Value (Cr.) 4234.603390.761886.532095.081229.53
EV / Net Operating Revenue (X) 5.744.844.384.343.55
EV / EBITDA (X) 17.2316.2214.0817.0912.24
MarketCap / Net Operating Revenue (X) 4.803.672.282.411.20
Retention Ratios (%) 88.720.1688.840.0083.53
Price / BV (X) 2.942.971.271.640.62
Price / Net Operating Revenue (X) 4.803.672.282.411.20
EarningsYield 0.030.030.070.030.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Construction of buildings. Company's Total Operating Revenue is Rs. 532.67 Cr. and Equity Capital is Rs. 39.36 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringCiti Mall, 2nd Floor, New Link Road, Mumbai Maharashtra 400053Contact not found
Management
NamePosition Held
Mr. Rajnikant S AjmeraChairman & Managing Director
Mr. Manoj I AjmeraManaging Director
Mr. Sanjay C AjmeraWhole Time Director
Mrs. Shruti A ShahInd. Non-Executive Director
Mrs. Hemanti P SutariaInd. Non-Executive Woman Director
Mr. Jayesh J MehtaInd. Non-Executive Director

FAQ

What is the intrinsic value of Ajmera Realty & Infra India Ltd and is it undervalued?

As of 19 April 2026, Ajmera Realty & Infra India Ltd's intrinsic value is ₹82.50, which is 21.43% lower than the current market price of ₹105.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.0 %), book value (₹64.1), dividend yield (0.86 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ajmera Realty & Infra India Ltd?

Ajmera Realty & Infra India Ltd is trading at ₹105.00 as of 19 April 2026, with a FY2026-2027 high of ₹221 and low of ₹98.0. The stock is currently near its 52-week low. Market cap stands at ₹2,066 Cr..

How does Ajmera Realty & Infra India Ltd's P/E ratio compare to its industry?

Ajmera Realty & Infra India Ltd has a P/E ratio of 17.3, which is below the industry average of 36.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ajmera Realty & Infra India Ltd financially healthy?

Key indicators for Ajmera Realty & Infra India Ltd: ROCE of 12.7 % is moderate. Dividend yield is 0.86 %.

Is Ajmera Realty & Infra India Ltd profitable and how is the profit trend?

Ajmera Realty & Infra India Ltd reported a net profit of ₹126 Cr in Mar 2025 on revenue of ₹738 Cr. Compared to ₹46 Cr in Mar 2022, the net profit shows an improving trend.

Does Ajmera Realty & Infra India Ltd pay dividends?

Ajmera Realty & Infra India Ltd has a dividend yield of 0.86 % at the current price of ₹105.00. The company pays dividends, though the yield is modest.

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
Explore Industry-wise Stock Analysis Reports