Ajcon Global Services Ltd

₹ 36.8 2.79%
07 Dec - close price
About

Ajcon Global Services Ltd is a registered NBFC established in 1986. The Co. & its subsidiaries (collectively referred to as “the Group”) provide consulting-led integrated financial services. Stock Broking, Corporate Financial Advisory, Merchant Banking, and Investment Banking services. [1][2]

Key Points

Company History
The Co. was listed in 1995. In 2004, the Company expanded its reach from the domestic markets to the international markets by entering into a tie-up with a company in the USA for providing financial services. [1]

  • Market Cap 22.5 Cr.
  • Current Price 36.8
  • High / Low 59.4 / 31.0
  • Stock P/E 15.5
  • Book Value 35.5
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.04 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.26% over last 3 years.
  • Company might be capitalizing the interest cost

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
8.33 5.00 10.93 5.34 26.76 10.32 6.60 4.69 5.31 10.33 21.90 2.47 2.16
7.78 4.46 12.07 4.09 25.86 10.16 7.17 3.84 4.27 9.92 20.79 2.01 1.35
Operating Profit 0.55 0.54 -1.14 1.25 0.90 0.16 -0.57 0.85 1.04 0.41 1.11 0.46 0.81
OPM % 6.60% 10.80% -10.43% 23.41% 3.36% 1.55% -8.64% 18.12% 19.59% 3.97% 5.07% 18.62% 37.50%
0.17 0.08 0.02 0.06 0.02 0.02 1.05 0.04 0.04 0.09 0.07 0.03 0.04
Interest 0.35 0.33 0.21 0.30 0.31 0.22 0.09 0.14 0.17 0.09 0.19 0.16 0.19
Depreciation 0.10 0.10 0.10 0.10 0.10 0.10 0.09 0.09 0.09 0.09 0.09 0.10 0.09
Profit before tax 0.27 0.19 -1.43 0.91 0.51 -0.14 0.30 0.66 0.82 0.32 0.90 0.23 0.57
Tax % 22.22% 10.53% 5.59% 14.29% 15.69% 142.86% -3.33% 1.52% 20.73% 9.38% 33.33% 26.09% 24.56%
Net Profit 0.21 0.16 -1.35 0.77 0.44 0.05 0.31 0.65 0.65 0.28 0.60 0.17 0.43
EPS in Rs 0.33 0.25 -2.16 1.24 0.69 0.10 0.54 1.06 1.05 0.49 0.96 0.26 0.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
8.04 9.84 9.10 7.90 8.51 8.17 9.23 8.25 33.16 27.90 48.00 41.64 36.86
5.65 6.52 4.86 3.96 4.39 5.17 6.22 5.58 30.93 28.11 46.08 38.03 34.07
Operating Profit 2.39 3.32 4.24 3.94 4.12 3.00 3.01 2.67 2.23 -0.21 1.92 3.61 2.79
OPM % 29.73% 33.74% 46.59% 49.87% 48.41% 36.72% 32.61% 32.36% 6.72% -0.75% 4.00% 8.67% 7.57%
0.00 0.01 0.05 0.01 0.00 -0.21 0.05 0.04 0.13 0.33 0.96 0.05 0.23
Interest 0.74 1.59 2.79 3.02 3.16 2.37 1.86 1.51 1.90 1.23 0.92 0.59 0.63
Depreciation 0.42 0.38 0.44 0.46 0.48 0.31 0.28 0.24 0.41 0.40 0.40 0.37 0.37
Profit before tax 1.23 1.36 1.06 0.47 0.48 0.11 0.92 0.96 0.05 -1.51 1.56 2.70 2.02
Tax % 33.33% 20.59% 33.96% 36.17% 35.42% 109.09% 33.70% 22.92% 0.00% -1.32% 0.00% 18.89%
Net Profit 0.82 1.08 0.71 0.30 0.30 -0.01 0.61 0.74 0.02 -1.54 1.56 2.18 1.48
EPS in Rs 1.32 1.75 1.16 0.47 0.52 0.07 0.96 1.16 0.03 -2.53 2.55 3.56 2.40
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: 16%
5 Years: 35%
3 Years: 8%
TTM: 37%
Compounded Profit Growth
10 Years: 7%
5 Years: 31%
3 Years: 316%
TTM: -12%
Stock Price CAGR
10 Years: 8%
5 Years: 5%
3 Years: 11%
1 Year: -24%
Return on Equity
10 Years: 2%
5 Years: 2%
3 Years: 2%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
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 5.55 9.32 10.89 11.18 11.44 11.48 12.08 12.78 12.76 11.21 12.77 14.95 15.60
8.17 17.82 25.15 19.61 32.66 19.31 16.90 19.90 18.28 19.06 12.39 9.72 13.27
2.93 4.82 4.82 3.88 4.71 3.16 3.28 4.70 4.31 4.15 5.12 4.08 6.75
Total Liabilities 22.77 38.08 46.98 40.79 54.93 40.07 38.38 43.50 41.47 40.54 36.40 34.87 41.74
2.30 2.15 2.39 2.31 1.85 1.80 1.72 1.51 2.14 1.77 1.77 1.58 2.72
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 0.58 0.58 0.58 0.75 0.75 1.52 1.42 1.42 1.42 1.42 1.42 1.42 1.42
19.89 35.35 44.01 37.73 52.33 36.75 35.24 40.57 37.91 37.35 33.21 31.87 37.60
Total Assets 22.77 38.08 46.98 40.79 54.93 40.07 38.38 43.50 41.47 40.54 36.40 34.87 41.74

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0.38 -14.71 -4.86 6.46 -11.62 13.89 3.57 11.66 1.79 -0.72 8.48 3.08
-0.35 -0.10 -0.63 -0.49 0.01 -1.13 0.26 -13.70 -0.11 -0.04 -0.40 -0.18
1.60 14.08 6.34 -6.11 12.47 -14.05 -3.11 2.48 -2.94 0.79 -6.68 -2.67
Net Cash Flow 0.87 -0.73 0.85 -0.14 0.85 -1.29 0.73 0.43 -1.27 0.03 1.41 0.23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 199.75 134.28 147.20 179.73 131.25 75.50 59.71 42.03 13.43 26.56 7.38 1.93
Inventory Days
Days Payable
Cash Conversion Cycle 199.75 134.28 147.20 179.73 131.25 75.50 59.71 42.03 13.43 26.56 7.38 1.93
Working Capital Days 732.27 1,210.36 1,575.92 1,572.27 1,884.62 1,385.39 1,140.08 1,456.46 124.82 130.17 67.14 91.86
ROCE % 10.86% 11.11% 10.26% 8.85% 8.36% 6.17% 7.58% 6.68% 5.16% -0.76% 4.58% 10.54%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.48 67.47
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 31.67 31.67 31.67 31.67 31.67 31.67 31.67 31.67 31.67 31.67 31.67

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents