Ajel Ltd
Incorporated in 1994, Ajel Ltd provides IT Consulting and Software Development Services and Financial Services[1]
- Market Cap ₹ 7.33 Cr.
- Current Price ₹ 6.29
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 10.6
- Dividend Yield 0.00 %
- ROCE -3.86 %
- ROE -9.28 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.60 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -11.3% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 635 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.81 | 6.20 | 6.43 | 3.70 | 3.21 | 2.37 | 1.94 | 2.19 | 3.18 | 4.63 | 3.89 | 3.97 | 4.09 | |
| 4.69 | 5.78 | 6.35 | 3.83 | 3.86 | 2.62 | 2.16 | 2.29 | 3.45 | 6.02 | 5.10 | 4.97 | 5.03 | |
| Operating Profit | 0.12 | 0.42 | 0.08 | -0.13 | -0.65 | -0.25 | -0.22 | -0.10 | -0.27 | -1.39 | -1.21 | -1.00 | -0.94 |
| OPM % | 2.49% | 6.77% | 1.24% | -3.51% | -20.25% | -10.55% | -11.34% | -4.57% | -8.49% | -30.02% | -31.11% | -25.19% | -22.98% |
| 0.00 | -0.05 | 0.07 | 0.00 | 2.61 | 0.00 | 0.00 | 0.11 | 0.40 | 0.19 | 0.19 | 0.33 | 0.33 | |
| Interest | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.43 | 0.17 | 0.00 | 0.00 |
| Depreciation | 0.24 | 0.12 | 0.08 | 0.06 | 0.08 | 0.11 | 0.10 | 0.10 | 0.07 | 0.12 | 0.18 | 0.17 | 0.17 |
| Profit before tax | -0.14 | 0.25 | 0.07 | -0.19 | 1.87 | -0.36 | -0.32 | -0.09 | 0.05 | -1.75 | -1.37 | -0.84 | -0.78 |
| Tax % | 0.00% | 28.00% | 0.00% | 0.00% | 21.93% | -2.78% | -6.25% | -22.22% | -40.00% | 1.71% | -0.73% | -2.38% | |
| -0.14 | 0.17 | 0.06 | -0.20 | 1.46 | -0.34 | -0.30 | -0.07 | 0.07 | -1.78 | -1.37 | -0.83 | -0.76 | |
| EPS in Rs | -0.12 | 0.15 | 0.05 | -0.17 | 1.25 | -0.29 | -0.26 | -0.06 | 0.06 | -1.53 | -1.18 | -0.71 | -0.66 |
| 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: | -4% |
| 5 Years: | 15% |
| 3 Years: | 8% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 0% |
| 3 Years: | -21% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -7% |
| 3 Years: | -11% |
| Last Year: | -9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | 0.62 | 0.79 | 0.85 | 0.66 | 2.47 | 2.37 | 2.41 | 2.78 | 3.04 | 2.26 | 1.04 | 0.66 |
| 2.26 | 2.26 | 2.40 | 2.36 | 1.85 | 2.01 | 2.18 | 2.40 | 2.83 | 8.19 | 9.05 | 9.45 | |
| 3.80 | 4.00 | 3.54 | 3.74 | 3.57 | 3.61 | 3.64 | 3.58 | 3.74 | 3.51 | 3.91 | 4.38 | |
| Total Liabilities | 18.33 | 18.70 | 18.44 | 18.41 | 19.54 | 19.64 | 19.88 | 20.41 | 21.26 | 25.61 | 25.65 | 26.14 |
| 1.59 | 1.25 | 1.17 | 1.11 | 1.07 | 0.96 | 0.86 | 0.76 | 0.71 | 1.47 | 1.29 | 1.12 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.09 | 1.09 | 1.09 |
| Investments | 7.15 | 7.15 | 7.15 | 7.15 | 7.72 | 7.62 | 7.96 | 8.39 | 8.16 | 8.20 | 8.20 | 8.06 |
| 9.59 | 10.30 | 10.12 | 10.15 | 10.75 | 11.06 | 11.06 | 11.26 | 12.39 | 14.85 | 15.07 | 15.87 | |
| Total Assets | 18.33 | 18.70 | 18.44 | 18.41 | 19.54 | 19.64 | 19.88 | 20.41 | 21.26 | 25.61 | 25.65 | 26.14 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.35 | 0.00 | -1.41 | -0.45 | -0.24 | -0.20 | -0.84 | -1.28 | -1.08 | -0.64 | |
| 0.00 | 0.00 | 0.00 | 0.00 | 2.31 | 0.35 | 0.00 | 0.00 | 0.41 | -4.14 | 0.16 | 0.23 | |
| 0.00 | 0.00 | -0.33 | 0.00 | -1.12 | 0.08 | 0.17 | 0.22 | 0.43 | 5.36 | 0.86 | 0.40 | |
| Net Cash Flow | 0.00 | 0.00 | 0.03 | 0.00 | -0.23 | -0.01 | -0.07 | 0.01 | 0.00 | -0.06 | -0.06 | -0.01 |
| Free Cash Flow | 0.00 | 0.00 | 0.35 | 0.00 | -1.54 | -0.45 | -0.24 | -0.20 | -0.85 | -2.88 | -1.08 | -0.65 |
| CFO/OP | 0% | 0% | 438% | 0% | 146% | 176% | 86% | 310% | 459% | 92% | 89% | 64% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 528.91 | 441.53 | 0.00 | 135.15 | 403.66 | 717.68 | 882.40 | 810.00 | 642.77 | 469.85 | 581.75 | 635.30 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 528.91 | 441.53 | 0.00 | 135.15 | 403.66 | 717.68 | 882.40 | 810.00 | 642.77 | 469.85 | 581.75 | 635.30 |
| Working Capital Days | 342.23 | 276.69 | 128.86 | 129.23 | 401.39 | 711.52 | 874.87 | 811.67 | 664.58 | 274.34 | 344.36 | 411.89 |
| ROCE % | -0.84% | 1.71% | 0.47% | -1.29% | -2.42% | -2.25% | -1.67% | -1.21% | -1.98% | -6.81% | -6.34% | -3.86% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Commercial sector share of customer base % of business |
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| Office locations locations |
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| Permanent employees on rolls employees |
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Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Ajel Limited’s 32nd AGM resolutions passed with requisite majority on 1 October 2026.
- Closure of Trading Window
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- 32nd AGM held on 30 September 2026; shareholders adopted audited FY2026 financial statements.
-
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
- Board approved Mumbai registered office shift to Malad effective 1 October 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting For Change In The Registered Office Of The Company Within The Local Limits Of The Same City Due To Redevelopment Of Existing Premises
- Board approved shifting registered office in Mumbai to 714, IJMIMA Complex from 1 October 2026.
Annual reports
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
from bse
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Annual Report 2010
from bse
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