Ajcon Global Services Ltd

₹ 6.21 5.08%

11 Feb 1:30 p.m.

About

Incorporated in 1986, Ajcon Global Services
Ltd provides consulting-led integrated financial services^[1]

Key Points

Business Overview:^[1]
Company is a registered member of national exchanges viz. BSE, NSE, MCS-SX (Cash and Derivative segment), and CDSL (DP) with nationwide trading terminals for its broking activity. AGSL is also a dealer with M.P. Stock Exchange on both the institutional broking and retail broking front.
It is impaneled with 25+ leading banks and mutual funds for their secondary market operations on the capital market segment of NSE. AGSL is associated with the Bank of India as an online trading partner for the equity market operations of its customers. It has also developed an online trading portal www. pyarapaisa.com to cater to the needs of Bank of India customers.

Website BSE

Market Cap ₹ 38.0 Cr.
Current Price ₹ 6.21
High / Low ₹ 14.5 / 5.11
Stock P/E
Book Value ₹ 3.43
Dividend Yield 0.00 %
ROCE 4.51 %
ROE 1.89 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -10.1% over past five years.
Company has a low return on equity of 3.45% over last 3 years.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	2.02	1.63	2.22	6.32	2.73	3.45	3.43	4.24	5.64	3.13	3.06	2.33	3.53
	1.34	1.26	2.16	5.41	2.31	2.90	3.17	3.70	4.58	2.69	3.89	1.97	3.06
Operating Profit	0.68	0.37	0.06	0.91	0.42	0.55	0.26	0.54	1.06	0.44	-0.83	0.36	0.47
OPM %	33.66%	22.70%	2.70%	14.40%	15.38%	15.94%	7.58%	12.74%	18.79%	14.06%	-27.12%	15.45%	13.31%
	0.02	0.01	0.02	0.02	0.02	0.02	0.03	0.03	0.02	0.02	0.04	0.05	0.04
Interest	0.10	0.13	0.12	0.12	0.14	0.14	0.09	0.08	0.11	0.13	0.11	0.10	0.13
Depreciation	0.09	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.09
Profit before tax	0.51	0.15	-0.14	0.71	0.20	0.33	0.10	0.39	0.88	0.24	-0.99	0.22	0.29
Tax %	25.49%	26.67%	-21.43%	25.35%	20.00%	24.24%	10.00%	25.64%	25.00%	25.00%	-23.23%	27.27%	24.14%
	0.38	0.11	-0.11	0.54	0.17	0.25	0.09	0.29	0.66	0.18	-0.76	0.17	0.22
EPS in Rs	0.06	0.02	-0.02	0.09	0.03	0.04	0.01	0.05	0.11	0.03	-0.12	0.03	0.04
Raw PDF

Upcoming result date: tomorrow

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	5.16	5.59	6.08	7.52	5.79	31.20	26.62	47.15	40.82	7.83	14.94	15.60	12.05
	3.76	4.00	4.47	5.90	4.63	30.35	27.19	45.60	37.57	6.37	12.72	14.28	11.61
Operating Profit	1.40	1.59	1.61	1.62	1.16	0.85	-0.57	1.55	3.25	1.46	2.22	1.32	0.44
OPM %	27.13%	28.44%	26.48%	21.54%	20.03%	2.72%	-2.14%	3.29%	7.96%	18.65%	14.86%	8.46%	3.65%
	-0.01	0.00	-0.05	0.04	0.00	0.08	0.04	0.96	0.05	0.00	0.01	0.01	0.15
Interest	0.56	0.62	0.74	0.74	0.52	0.64	0.63	0.57	0.34	0.42	0.49	0.44	0.47
Depreciation	0.42	0.45	0.29	0.25	0.23	0.41	0.40	0.40	0.37	0.38	0.39	0.37	0.36
Profit before tax	0.41	0.52	0.53	0.67	0.41	-0.12	-1.56	1.54	2.59	0.66	1.35	0.52	-0.24
Tax %	39.02%	28.85%	20.75%	38.81%	21.95%	-16.67%	0.64%	-0.65%	19.31%	27.27%	22.96%	26.92%
	0.26	0.37	0.41	0.41	0.31	-0.09	-1.58	1.55	2.08	0.48	1.04	0.37	-0.19
EPS in Rs	0.04	0.06	0.07	0.07	0.05	-0.01	-0.26	0.25	0.34	0.08	0.17	0.06	-0.02
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	11%
5 Years:	-10%
3 Years:	-27%
TTM:	-28%

Compounded Profit Growth
10 Years:	0%
5 Years:	17%
3 Years:	-44%
TTM:	-115%

Stock Price CAGR
10 Years:	13%
5 Years:	21%
3 Years:	23%
1 Year:	-27%

Return on Equity
10 Years:	3%
5 Years:	5%
3 Years:	3%
Last Year:	2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	6.12	6.12	6.12	6.12	6.12	6.12	6.12	6.12	6.12	6.12	6.12	6.12	6.12
Reserves	7.47	7.78	8.19	8.60	8.91	8.78	7.20	8.75	10.83	11.38	12.42	14.45	14.83
	6.85	9.15	8.28	6.24	4.06	3.85	4.52	1.58	2.03	3.53	1.77	1.73	1.22
	2.29	2.89	1.62	1.22	2.25	2.00	1.80	2.96	2.10	3.23	3.15	2.77	2.78
Total Liabilities	22.73	25.94	24.21	22.18	21.34	20.75	19.64	19.41	21.08	24.26	23.46	25.07	24.95
	2.00	1.56	1.70	1.72	1.51	2.13	1.77	1.77	1.58	2.53	2.23	2.01	1.97
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	3.32	3.32	3.29	3.15	3.15	3.15	3.15	3.15	3.07	3.07	3.07	3.07	3.07
	17.41	21.06	19.22	17.31	16.68	15.47	14.72	14.49	16.43	18.66	18.16	19.99	19.91
Total Assets	22.73	25.94	24.21	22.18	21.34	20.75	19.64	19.41	21.08	24.26	23.46	25.07	24.95

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2.53	-0.90	0.77	3.32	2.50	-0.93	-0.60	4.74	-0.14	-1.31	0.84	-1.41
	-1.30	0.00	-0.35	0.23	0.65	-0.11	-0.04	-0.40	-0.10	-0.24	-0.08	-0.14
	-1.36	1.67	-1.61	-2.78	-2.70	-0.21	0.67	-2.94	0.45	1.50	-1.76	1.61
Net Cash Flow	-0.13	0.78	-1.18	0.76	0.45	-1.25	0.03	1.40	0.21	-0.05	-1.01	0.07

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	265.97	192.62	99.65	73.29	59.26	14.27	27.42	7.28	1.97	55.94	14.41	14.51
Inventory Days
Days Payable
Cash Conversion Cycle	265.97	192.62	99.65	73.29	59.26	14.27	27.42	7.28	1.97	55.94	14.41	14.51
Working Capital Days	515.67	280.77	372.20	299.96	421.74	100.26	146.30	71.76	96.39	495.99	332.75	369.21
ROCE %	4.73%	5.24%	5.78%	6.29%	4.64%	2.80%	-5.08%	6.88%	16.43%	5.40%	8.90%	4.51%

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	67.47%	67.47%	67.47%	67.04%	66.74%	66.25%	65.84%	65.84%	65.84%	65.85%	65.85%	65.85%
	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%
	31.67%	31.66%	31.67%	32.09%	32.40%	32.89%	33.30%	33.30%	33.30%	33.29%	33.31%	33.29%
No. of Shareholders	2,428	2,451	2,460	2,549	2,613	2,648	2,850	2,985	2,807	5,272	5,176	5,077

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	67.61%	67.48%	67.48%	67.48%	67.48%	67.48%	67.47%	66.74%	65.84%	65.85%
	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%	0.85%
	0.00%	3.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	31.54%	28.42%	31.67%	31.67%	31.67%	31.67%	31.67%	32.40%	33.30%	33.29%
No. of Shareholders	3,643	2,323	2,309	2,308	2,303	2,393	2,428	2,613	2,807	5,077

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Ajcon Global Services Ltd

Ajcon Global Services Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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