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 ₹ 7.30 / 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: | 2% |
| 5 Years: | 20% |
| 3 Years: | -7% |
| 1 Year: | -10% |
| 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 | 3.72 | 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 | 19.75 | 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 | 11.17 | 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 | 19.75 | 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 | 696.12 | 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% | -1.98% | -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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Documents
Announcements
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Board Meeting Intimation for The Audited Financial Results Of The Company For The Quarter And Year Ended 31St March 2026.
9h - Board meeting on 30 May 2026 to consider audited results for quarter and year ended 31 March 2026.
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Certificate As per Regulation 40(9) Of SEBI (LODR) Regulations, 2015
30 Apr - Submitted PCS certificate under Regulation 40(9) for half year ended 31 March 2026.
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Appointment of Company Secretary and Compliance Officer
28 Apr - Ajel updates BSE records for Sneha Chandak as Company Secretary, effective 8 February 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
24 Apr - Regulation 74(5) compliance certificate filed for quarter ended 31 March 2026.
- Compliance Certificate (RTA & Compliance Officer) Under Reg. 7 (3) Of SEBI (LODR) Regulations, 2015 For The Period Ending 31St March 2026. 23 Apr
Annual reports
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Financial Year 2024
from bse
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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
from bse
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Financial Year 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