Ajmera Realty & Infra India Ltd
Incorporated in 1985, Ajmera Realty and Infra Limited (ARIIL) is in the business of providing residential and rented commercial properties. The company has a presence in the cities like Mumbai, Bengaluru, Ahmedabad in India as well as in foreign countries such as Bahrain and UK [1]
- Market Cap ₹ 2,316 Cr.
- Current Price ₹ 118
- High / Low ₹ 221 / 113
- Stock P/E 21.2
- Book Value ₹ 57.9
- Dividend Yield 0.76 %
- ROCE 13.3 %
- ROE 11.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 31.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 10.6% over past five years.
- Company has a low return on equity of 11.3% over last 3 years.
- Company has high debtors of 186 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.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Allcap BSE Consumer Discretionary
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 136 | 213 | 252 | 289 | 343 | 323 | 289 | 405 | 361 | 489 | 533 | 504 | |
| 0 | 98 | 150 | 152 | 165 | 225 | 221 | 207 | 305 | 250 | 327 | 334 | 308 | |
| Operating Profit | 0 | 39 | 64 | 100 | 124 | 118 | 101 | 81 | 100 | 111 | 162 | 199 | 195 |
| OPM % | 30% | 28% | 30% | 40% | 43% | 34% | 31% | 28% | 25% | 31% | 33% | 37% | 39% |
| 8 | 7 | 9 | 14 | 13 | 14 | 3 | 3 | 4 | 5 | 4 | 11 | 4 | |
| Interest | 0 | 17 | 29 | 35 | 41 | 48 | 65 | 51 | 49 | 20 | 51 | 62 | 45 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 7 | 26 | 42 | 77 | 94 | 83 | 38 | 32 | 54 | 95 | 114 | 146 | 152 |
| Tax % | 7% | 16% | 18% | 20% | 20% | 20% | 25% | 25% | 25% | 25% | 25% | 23% | |
| 6 | 22 | 34 | 61 | 76 | 66 | 28 | 24 | 40 | 71 | 85 | 112 | 109 | |
| EPS in Rs | 0.35 | 1.25 | 1.91 | 3.46 | 4.26 | 3.73 | 1.59 | 1.33 | 2.28 | 4.00 | 4.81 | 5.67 | 5.55 |
| Dividend Payout % | 87% | 27% | 26% | 17% | 15% | 18% | 18% | 21% | 20% | 15% | 17% | 16% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 31% |
| 3 Years: | 39% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 38% |
| 3 Years: | 32% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| 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 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 39 | 39 |
| Reserves | 313 | 329 | 354 | 405 | 469 | 523 | 546 | 565 | 606 | 669 | 743 | 1,057 | 1,100 |
| 189 | 215 | 240 | 386 | 470 | 740 | 831 | 641 | 754 | 710 | 714 | 504 | 485 | |
| 255 | 333 | 345 | 328 | 348 | 270 | 157 | 234 | 171 | 132 | 87 | 126 | 175 | |
| Total Liabilities | 791 | 912 | 974 | 1,154 | 1,323 | 1,568 | 1,570 | 1,475 | 1,565 | 1,547 | 1,580 | 1,727 | 1,799 |
| 12 | 12 | 10 | 9 | 8 | 10 | 8 | 7 | 6 | 7 | 7 | 8 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 92 | 92 | 92 | 98 | 117 | 134 | 134 | 134 | 113 | 113 | 112 | 161 | 137 |
| 687 | 808 | 872 | 1,047 | 1,197 | 1,424 | 1,427 | 1,334 | 1,447 | 1,428 | 1,461 | 1,558 | 1,653 | |
| Total Assets | 791 | 912 | 974 | 1,154 | 1,323 | 1,568 | 1,570 | 1,475 | 1,565 | 1,547 | 1,580 | 1,727 | 1,799 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -33 | -15 | 141 | 43 | -129 | -260 | 8 | 150 | -79 | 52 | 99 | 176 | |
| 3 | 3 | 5 | 0 | 5 | -15 | -0 | 16 | 2 | 11 | -26 | -70 | |
| 29 | 3 | -145 | -42 | 123 | 283 | -14 | -165 | 86 | -71 | -57 | -93 | |
| Net Cash Flow | -1 | -9 | 1 | 1 | -1 | 8 | -6 | 1 | 8 | -7 | 16 | 14 |
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 | 4,270 | 41 | 59 | 177 | 217 | 179 | 190 | 161 | 124 | 136 | 135 | 186 |
| Inventory Days | 5,565 | |||||||||||
| Days Payable | 327 | |||||||||||
| Cash Conversion Cycle | 4,270 | 41 | 59 | 177 | 217 | 179 | 190 | 161 | 124 | 136 | 135 | 5,424 |
| Working Capital Days | 439,630 | 1,122 | 572 | 471 | 626 | 731 | 728 | 778 | 633 | 713 | 572 | 494 |
| ROCE % | 1% | 8% | 12% | 15% | 15% | 11% | 8% | 6% | 8% | 8% | 11% | 13% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Collections INR Cr |
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| Sales Value INR Cr |
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| Sales Volume Lakh sq. ft. |
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| Units Sold Nos |
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| Ongoing Development Portfolio Mn Sq.ft. |
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| Owned Land Bank Future Potential Mn Sq.ft. |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9h - Analyst/institutional investor meeting with Whitestone Financial Advisors on March 20, 2026, in-person one-to-one.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Mar - Virtual one-to-one meeting with Tata Mutual Fund on March 12, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Mar - Of Schedule of Analyst/Institutional Investor Meeting under the SEBI (LODR) Regulations, 2015.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
26 Feb - Virtual group meeting at Bharat Connect Conference (Arihant Capital) on March 10, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Feb - Of Schedule of Analyst/Institutional Investor Meeting under the SEBI (LODR) Regulations, 2015.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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Mar 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT
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Dec 2023TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021Transcript PPT
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Sep 2021TranscriptPPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
Business Profile[1]
Ajmera Realty is a real estate developer and builder specializing in township development with a presence in MMR & Bangalore. It has delivered 46,000+ homes and is currently developing 1.3 MSF, with 1.7 MSF in the pipeline and an 11.1 MSF land bank for future projects.