Ajel Ltd
₹ 6.29
-4.70%
30 Jun 2025
About
Incorporated in 1994, Ajel Ltd provides IT Consulting and Software Development Services and Financial Services[1]
Key Points
- Market Cap ₹ 7.33 Cr.
- Current Price ₹ 6.29
- High / Low ₹ 8.53 / 6.05
- Stock P/E
- Book Value ₹ 10.7
- Dividend Yield 0.00 %
- ROCE -6.34 %
- ROE -11.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.59 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -8.78% over last 3 years.
- Company has high debtors of 582 days.
* 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.29 | 4.81 | 6.20 | 6.43 | 3.70 | 3.21 | 2.37 | 1.94 | 2.19 | 3.18 | 4.63 | 3.89 | 3.82 | |
| 8.60 | 4.69 | 5.78 | 6.35 | 3.83 | 3.86 | 2.62 | 2.16 | 2.29 | 3.45 | 6.02 | 5.10 | 4.66 | |
| Operating Profit | 0.69 | 0.12 | 0.42 | 0.08 | -0.13 | -0.65 | -0.25 | -0.22 | -0.10 | -0.27 | -1.39 | -1.21 | -0.84 |
| OPM % | 7.43% | 2.49% | 6.77% | 1.24% | -3.51% | -20.25% | -10.55% | -11.34% | -4.57% | -8.49% | -30.02% | -31.11% | -21.99% |
| 0.07 | 0.00 | -0.05 | 0.07 | 0.00 | 2.61 | 0.00 | 0.00 | 0.11 | 0.40 | 0.19 | 0.19 | 0.19 | |
| Interest | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.43 | 0.17 | 0.02 |
| Depreciation | 0.24 | 0.24 | 0.12 | 0.08 | 0.06 | 0.08 | 0.11 | 0.10 | 0.10 | 0.07 | 0.12 | 0.18 | 0.18 |
| Profit before tax | 0.50 | -0.14 | 0.25 | 0.07 | -0.19 | 1.87 | -0.36 | -0.32 | -0.09 | 0.05 | -1.75 | -1.37 | -0.85 |
| Tax % | 22.00% | 0.00% | 28.00% | 0.00% | 0.00% | 21.93% | -2.78% | -6.25% | -22.22% | -40.00% | 1.71% | -0.73% | |
| 0.38 | -0.14 | 0.17 | 0.06 | -0.20 | 1.46 | -0.34 | -0.30 | -0.07 | 0.07 | -1.78 | -1.37 | -0.84 | |
| EPS in Rs | 0.33 | -0.12 | 0.15 | 0.05 | -0.17 | 1.25 | -0.29 | -0.26 | -0.06 | 0.06 | -1.53 | -1.18 | -0.72 |
| 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: | -2% |
| 5 Years: | 10% |
| 3 Years: | 21% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | -10% |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -6% |
| 3 Years: | -9% |
| Last Year: | -12% |
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 | 10.75 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 | 11.65 |
| Reserves | 0.58 | 0.62 | 0.79 | 0.85 | 0.66 | 2.47 | 2.37 | 2.41 | 2.78 | 3.04 | 2.26 | 1.04 | 0.85 |
| 2.59 | 2.26 | 2.26 | 2.40 | 2.36 | 1.85 | 2.01 | 2.18 | 2.40 | 2.83 | 8.19 | 9.05 | 9.05 | |
| 5.58 | 3.80 | 4.00 | 3.54 | 3.74 | 3.57 | 3.61 | 3.64 | 3.58 | 3.74 | 3.51 | 3.91 | 3.99 | |
| Total Liabilities | 19.50 | 18.33 | 18.70 | 18.44 | 18.41 | 19.54 | 19.64 | 19.88 | 20.41 | 21.26 | 25.61 | 25.65 | 25.54 |
| 1.83 | 1.59 | 1.25 | 1.17 | 1.11 | 1.07 | 0.96 | 0.86 | 0.76 | 0.71 | 1.47 | 1.29 | 2.38 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.09 | 1.09 | 0.00 |
| Investments | 7.15 | 7.15 | 7.15 | 7.15 | 7.15 | 7.72 | 7.62 | 7.96 | 8.39 | 8.16 | 8.20 | 8.20 | 8.20 |
| 10.52 | 9.59 | 10.30 | 10.12 | 10.15 | 10.75 | 11.06 | 11.06 | 11.26 | 12.39 | 14.85 | 15.07 | 14.96 | |
| Total Assets | 19.50 | 18.33 | 18.70 | 18.44 | 18.41 | 19.54 | 19.64 | 19.88 | 20.41 | 21.26 | 25.61 | 25.65 | 25.54 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.07 | 0.00 | 0.00 | 0.35 | 0.00 | -1.41 | -0.45 | -0.24 | -0.20 | -0.84 | -1.28 | -1.08 | |
| 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 2.31 | 0.35 | 0.00 | 0.00 | 0.41 | -4.14 | 0.16 | |
| 0.00 | 0.00 | 0.00 | -0.33 | 0.00 | -1.12 | 0.08 | 0.17 | 0.22 | 0.43 | 5.36 | 0.86 | |
| Net Cash Flow | -0.02 | 0.00 | 0.00 | 0.03 | 0.00 | -0.23 | -0.01 | -0.07 | 0.01 | 0.00 | -0.06 | -0.06 |
| Free Cash Flow | -0.02 | 0.00 | 0.00 | 0.35 | 0.00 | -1.54 | -0.45 | -0.24 | -0.20 | -0.85 | -2.88 | -1.08 |
| CFO/OP | 12% | 0% | 0% | 438% | 0% | 146% | 176% | 86% | 310% | 459% | 92% | 89% |
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 | 311.96 | 528.91 | 441.53 | 0.00 | 135.15 | 403.66 | 717.68 | 882.40 | 810.00 | 642.77 | 469.85 | 581.75 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 311.96 | 528.91 | 441.53 | 0.00 | 135.15 | 403.66 | 717.68 | 882.40 | 810.00 | 642.77 | 469.85 | 581.75 |
| Working Capital Days | 116.69 | 342.23 | 276.69 | 128.86 | 129.23 | 401.39 | 711.52 | 874.87 | 811.67 | 664.58 | 274.34 | 344.36 |
| ROCE % | 3.75% | -0.84% | 1.71% | 0.47% | -1.29% | -2.42% | -2.25% | -1.67% | -1.21% | -1.98% | -6.81% | -6.34% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Intangible Assets Under Development (Segmental Focus) INR Lakhs |
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| Number of Permanent Employees Number |
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Requires Premium
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
27 Mar - Mariya Sharivn Jeffrey Loorthu appointed independent director; Ashrith Reddy Gireddy resigned effective 27 March 2026.
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Closure of Trading Window
27 Mar - Trading window closed 01-Apr-2026 until 48 hours after audited results for quarter/year ended 31-Mar-2026.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
21 Feb - 20-Feb-2026 EGM: Regularized Usha Rani Kanteti and Lakshmi Narayan Vuppuluri as independent directors; overwhelmingly passed.
- Shareholder Meeting / Postal Ballot-Outcome of EGM 20 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Feb - News Paper publication for unaudited financial results for the quarter ended 12/31/2025 in Active Times (English) and Mumbai Lakshdeep (Marathi)
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Ajel is a global software services company providing consulting, Systems Integration, and outsourcing solutions to clients in key industry verticals. It has assisted major firms with their CRM, ERP, QA, Business Integration, Internet Development, Applications Management, and Product Development programs