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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532959 | NSE: AJRINFRA

Fundamental Analysis of AJR Infra & Tolling Ltd

Basic Stock Data

Last Updated: April 16, 2024, 12:54 am

Market Cap 65.9 Cr.
Current Price 0.70
High / Low0.81/0.50
Stock P/E
Book Value 26.3
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 2.00

Data Source: screener.in

Competitors of AJR Infra & Tolling Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Banka Bioloo Ltd 126 Cr. 116167/66.2 35.90.00 %9.61 %6.55 % 10.0
Gayatri Highways Ltd 21.6 Cr. 0.901.55/0.55 63.00.00 %1.04 %% 2.00
GE Power India Ltd 2,117 Cr. 315371/114 4.990.00 %29.4 %95.4 % 10.0
Sadbhav Infrastructure Projects Ltd 222 Cr. 6.409.31/3.501.22 10.30.00 %12.3 %172 % 10.0
Power & Instrumentation (Gujarat) Ltd 83.7 Cr. 65.893.4/36.218.8 37.50.30 %11.9 %9.15 % 10.0
Industry Average514.06 Cr100.824.0030.340.06%12.85%56.62%8.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales70816263411212121651121317
Expenses43503450358889765826
Operating Profit2731281364447-2575-9
OPM %38%39%45%20%15%31%31%34%42%-48%57%40%-52%
Other Income241634-692-1,272228557
Interest65656669646266707173757981
Depreciation22222222151213131312131313
Profit before tax-58-52-44-76-69-763-1,347-76-76-102-76-81-96
Tax %-8%-53%-4%-3%-2%-0%-0%-1%-1%-2%-1%-1%-1%
Net Profit-63-79-46-77-70-764-1,348-77-76-104-77-82-96
EPS in Rs-0.59-0.64-0.40-0.73-0.65-8.02-14.22-0.71-0.71-0.98-0.71-0.76-0.91

Last Updated: April 10, 2024, 5:50 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 10:46 am

MonthMar 2012Mar 2013Dec 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4236904545421,5776636254973682421789194
Expenses193222175199996423380298179155102101115
Operating Profit2304682793435812402451991898776-10-21
OPM %54%68%62%63%37%36%39%40%51%36%43%-11%-23%
Other Income-774-30-72513634712-695-1,26025
Interest156297219207644309340361383255261281308
Depreciation78161120168100508710912689715151
Profit before tax-1117-55-61-170-94-170-26527-245-951-1,601-355
Tax %-110%-42%-2%35%-24%-29%-9%21%46%-13%-1%-0%
Net Profit-2225-56-40-204-122-186-21015-277-957-1,605-359
EPS in Rs-0.340.20-0.77-0.43-2.18-1.10-1.55-1.650.71-2.48-9.80-16.62-3.36
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-154.55%-260.00%40.20%-52.46%-12.90%107.14%-1946.67%-245.49%-67.71%
Change in YoY Net Profit Growth (%)0.00%-105.45%300.20%-92.66%39.56%120.05%-2053.81%1701.18%177.78%

Growth

Compounded Sales Growth
10 Years:-18%
5 Years:-32%
3 Years:-37%
TTM:79%
Compounded Profit Growth
10 Years:%
5 Years:-29%
3 Years:4%
TTM:4%
Stock Price CAGR
10 Years:-22%
5 Years:1%
3 Years:0%
1 Year:-18%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: April 16, 2024, 12:54 am

Balance Sheet

MonthMar 2012Mar 2013Dec 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital147148148188189189189189189189189189189
Reserves598565523763568464319165232-1-924-2,528-2,666
Borrowings3,6284,0184,1273,9072,5132,6753,1421,63651861520174203
Other Liabilities4085197074,6971,4531,5541,9642,8522,9362,9693,1983,4703,592
Total Liabilities4,7815,2515,5059,5554,7244,8835,6144,8433,8753,7722,4831,3051,318
Fixed Assets2,0292,6032,4956,2292,2422,1972,8692,0761,1511,067722565607
CWIP2,1632,0572,4572,6535858091,0091,0251,0771,075159670
Investments142434861844545490490602319315
Other Assets5885865286391,8111,6931,6901,6971,1571,1401,000354396
Total Assets4,7815,2515,5059,5554,7244,8835,6144,8433,8753,7722,4831,3051,318

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Dec 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2403614084162564163742783631005379
Cash from Investing Activity -1,003-609-409-382118-441-48-60-20818-26
Cash from Financing Activity 8468520-71-349-21-306-257-347-97-87-51
Net Cash Flow83-16318-3725-4620-39-411-162

Free Cash Flow

MonthDec 2013Mar 2012Mar 2013Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2014
Free Cash Flow275.00227.00464.00579.00238.00242.00198.00-329.00-528.0056.00-184.00340.00

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 2012Mar 2013Dec 2013Sep 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2920141315197108192628297182
Inventory Days1127360
Days Payable4,0956,010951
Cash Conversion Cycle292014131519710819262-3,901-5,905-409
Working Capital Days-451-186-516-436-6271-470-1,429-2,393-3,845-6,441-13,773
ROCE %4%7%3%4%13%6%5%4%6%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters20.60%20.60%20.60%20.60%20.60%20.60%20.60%20.60%20.60%20.60%20.60%20.60%
FIIs10.21%10.21%10.21%10.21%10.21%10.21%10.21%10.21%10.21%10.21%10.21%10.21%
DIIs7.17%7.17%7.17%7.17%7.17%7.17%7.18%7.18%17.96%7.18%7.18%7.18%
Public62.02%62.02%62.02%62.02%62.02%62.02%62.02%62.01%51.24%62.01%62.01%62.01%
No. of Shareholders80,83293,69096,9271,02,6861,27,8001,25,2411,24,2471,22,5511,20,8731,20,1761,19,2471,19,130

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-16.62-9.80-2.480.71-1.65
Diluted EPS (Rs.)-16.62-9.80-2.480.71-1.65
Cash EPS (Rs.)-16.87-9.39-1.991.48-1.07
Book Value[Excl.RevalReserv]/Share (Rs.)-26.64-9.271.094.013.32
Book Value[Incl.RevalReserv]/Share (Rs.)-26.64-9.271.094.013.32
Revenue From Operations / Share (Rs.)0.961.882.563.895.25
PBDIT / Share (Rs.)0.330.871.042.292.42
PBIT / Share (Rs.)-0.190.110.100.951.27
PBT / Share (Rs.)-17.36-10.09-2.600.28-2.80
Net Profit / Share (Rs.)-17.40-10.15-2.930.15-2.22
NP After MI And SOA / Share (Rs.)-16.55-9.76-2.470.71-1.64
PBDIT Margin (%)34.9246.2840.7258.7846.13
PBIT Margin (%)-20.576.203.9724.6224.24
PBT Margin (%)-1802.11-535.24-101.607.39-53.33
Net Profit Margin (%)-1806.21-538.60-114.523.95-42.30
NP After MI And SOA Margin (%)-1717.91-518.00-96.4218.28-31.30
Return on Networth / Equity (%)0.000.00-124.0015.95-43.88
Return on Capital Employeed (%)0.78-1.420.987.065.17
Return On Assets (%)-119.94-37.18-6.181.73-3.20
Long Term Debt / Equity (X)-0.020.001.990.954.11
Total Debt / Equity (X)-0.07-0.142.351.134.32
Asset Turnover Ratio (%)0.040.000.000.000.01
Current Ratio (X)0.060.050.070.080.23
Quick Ratio (X)0.040.030.070.080.23
Interest Coverage Ratio (X)0.110.310.380.560.63
Interest Coverage Ratio (Post Tax) (X)-0.080.01-0.080.200.48
Enterprise Value (Cr.)42.34113.38378.59413.731500.16
EV / Net Operating Revenue (X)0.460.631.561.133.02
EV / EBITDA (X)1.331.373.841.916.55
MarketCap / Net Operating Revenue (X)1.010.970.260.060.11
Price / BV (X)-0.03-0.230.340.050.16
Price / Net Operating Revenue (X)1.010.970.260.060.11
EarningsYield-17.06-5.31-3.632.96-2.69

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 60.36

The stock is undervalued by 8,522.64% compared to the current price ₹0.7

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.45 and average Dividend Yield of 7.69%.
  2. The stock has a low average Working Capital Days of -172.92, which is a positive sign.
  1. The stock has a low average ROCE of 4.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 19.42, which may not be favorable.
  3. The company has higher borrowings (2,090.46) compared to reserves (-147.85), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (374.46) and profit (-179.54).

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 AJR Infra & Tolling Ltd:
    1. Net Profit Margin: -1806.21%
      • 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: 0.78% (Industry Average ROCE: 16.75%)
      • 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%: 0.00% (Industry Average ROE: 26.87%)
      • 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): -0.08
      • 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: 0.04
      • 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 of N/A (Industry average Stock P/E: 20.94)
      • 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: -0.07
      • 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: ★☆☆☆☆

About the Company

AJR Infra and Tolling Ltd. is a Public Limited Listed company incorporated on 23/04/2001 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45203MH2001PLC131728 and registration number is 131728. Currently Company is involved in the business activities of Construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels and subways. Company’s Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 189.18 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Infrastructure - General3rd Floor, 3/8, Hamilton House, J. N. Heredia Marg, Mumbai Maharashtra 400038compliances@gammoninfra.com
https://www.ajrinfra.in
Management
NamePosition Held
Mr. Mineel MaliWhole Time Director
Ms. Homai A DaruwallaIndependent Director
Mr. Mahendra Kumar AgrawalaIndependent Director
Mr. Vinod SahaiIndependent Director
Mr. Sunilbhai ChhabariaIndependent Director
Mr. Subhrarabinda BirabarNon Executive Director

AJR Infra and Tolling Ltd. Share Price Update

Share PriceValue
Today₹0.69
Previous Day₹0.69

FAQ

What is the latest fair value of AJR Infra & Tolling Ltd?

The latest fair value of AJR Infra & Tolling Ltd is 60.36.

What is the Market Cap of AJR Infra & Tolling Ltd?

The Market Cap of AJR Infra & Tolling Ltd is 65.9 Cr..

What is the current Stock Price of AJR Infra & Tolling Ltd as on 20 April 2024?

The current stock price of AJR Infra & Tolling Ltd as on 20 April 2024 is 0.70.

What is the High / Low of AJR Infra & Tolling Ltd stocks in FY 2024?

In FY 2024, the High / Low of AJR Infra & Tolling Ltd stocks is ₹0.81/0.50.

What is the Stock P/E of AJR Infra & Tolling Ltd?

The Stock P/E of AJR Infra & Tolling Ltd is .

What is the Book Value of AJR Infra & Tolling Ltd?

The Book Value of AJR Infra & Tolling Ltd is 26.3.

What is the Dividend Yield of AJR Infra & Tolling Ltd?

The Dividend Yield of AJR Infra & Tolling Ltd is 0.00 %.

What is the ROCE of AJR Infra & Tolling Ltd?

The ROCE of AJR Infra & Tolling Ltd is %.

What is the ROE of AJR Infra & Tolling Ltd?

The ROE of AJR Infra & Tolling Ltd is %.

What is the Face Value of AJR Infra & Tolling Ltd?

The Face Value of AJR Infra & Tolling Ltd is 2.00.

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 AJR Infra & Tolling 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