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 ₹ 2,906 Cr.
- Current Price ₹ 148
- High / Low ₹ 221 / 136
- Stock P/E 24.3
- Book Value ₹ 64.1
- Dividend Yield 0.60 %
- ROCE 12.7 %
- ROE 12.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 30.6% CAGR over last 5 years
Cons
- Company has a low return on equity of 11.5% over last 3 years.
- Company has high debtors of 156 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78 | 165 | 316 | 277 | 370 | 382 | 344 | 347 | 483 | 431 | 700 | 738 | 811 | |
| 56 | 119 | 233 | 170 | 231 | 254 | 240 | 251 | 366 | 307 | 499 | 507 | 576 | |
| Operating Profit | 23 | 45 | 83 | 107 | 138 | 127 | 105 | 95 | 116 | 124 | 201 | 231 | 234 |
| OPM % | 29% | 27% | 26% | 39% | 37% | 33% | 30% | 28% | 24% | 29% | 29% | 31% | 29% |
| 10 | 7 | 9 | 14 | 17 | 19 | 6 | 5 | 6 | 10 | 8 | 15 | 8 | |
| Interest | 4 | 17 | 31 | 36 | 46 | 50 | 66 | 58 | 59 | 36 | 69 | 76 | 63 |
| Depreciation | 6 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 23 | 33 | 59 | 83 | 106 | 94 | 43 | 41 | 62 | 96 | 139 | 167 | 175 |
| Tax % | 25% | 20% | 22% | 21% | 21% | 19% | 23% | 23% | 25% | 26% | 25% | 24% | |
| 17 | 26 | 46 | 66 | 84 | 76 | 33 | 31 | 46 | 72 | 104 | 126 | 123 | |
| EPS in Rs | 0.91 | 1.45 | 2.39 | 3.67 | 4.64 | 4.24 | 1.84 | 1.70 | 2.56 | 4.03 | 5.80 | 6.40 | 6.07 |
| Dividend Payout % | 33% | 23% | 21% | 16% | 14% | 16% | 15% | 16% | 18% | 15% | 14% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 15% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 31% |
| 3 Years: | 40% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 44% |
| 3 Years: | 41% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 361 | 380 | 414 | 469 | 527 | 576 | 603 | 629 | 674 | 738 | 830 | 1,167 | 1,222 |
| 333 | 268 | 334 | 445 | 515 | 863 | 968 | 775 | 868 | 843 | 808 | 676 | 652 | |
| 357 | 492 | 478 | 466 | 458 | 406 | 365 | 457 | 441 | 303 | 290 | 372 | 411 | |
| Total Liabilities | 1,086 | 1,176 | 1,261 | 1,416 | 1,536 | 1,880 | 1,972 | 1,897 | 2,018 | 1,920 | 1,963 | 2,254 | 2,325 |
| 119 | 74 | 72 | 70 | 69 | 71 | 76 | 66 | 66 | 69 | 71 | 77 | 77 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9 | 39 | 39 | 22 | 24 | 86 | 67 | 50 | 25 | 66 | 110 | 124 | 96 |
| 958 | 1,063 | 1,150 | 1,325 | 1,443 | 1,722 | 1,829 | 1,781 | 1,928 | 1,785 | 1,782 | 2,053 | 2,151 | |
| Total Assets | 1,086 | 1,176 | 1,261 | 1,416 | 1,536 | 1,880 | 1,972 | 1,897 | 2,018 | 1,920 | 1,963 | 2,254 | 2,325 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -71 | -68 | 119 | 59 | -116 | -345 | -18 | 201 | -64 | 135 | 220 | 8 | |
| -4 | -10 | -9 | 14 | -4 | -5 | 11 | -9 | 29 | -45 | -76 | -12 | |
| 67 | 59 | -98 | -69 | 109 | 363 | -1 | -175 | 33 | -86 | -97 | -1 | |
| Net Cash Flow | -8 | -19 | 11 | 5 | -11 | 12 | -7 | 17 | -2 | 4 | 46 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 96 | 41 | 54 | 171 | 176 | 184 | 223 | 189 | 200 | 114 | 112 | 156 |
| Inventory Days | 18,071 | 14,006 | ||||||||||
| Days Payable | 842 | 1,090 | ||||||||||
| Cash Conversion Cycle | 96 | 41 | 54 | 17,400 | 13,093 | 184 | 223 | 189 | 200 | 114 | 112 | 156 |
| Working Capital Days | 3,378 | 1,332 | 688 | 693 | 818 | 1,101 | 1,184 | 1,053 | 850 | 1,059 | 699 | 727 |
| ROCE % | 4% | 6% | 11% | 13% | 14% | 11% | 7% | 6% | 8% | 8% | 12% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copy of Newspaper publication of the unaudited Financial Results for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio of earnings call for quarter and nine months ended 31 Dec 2025 uploaded; call held 29 Jan 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - 9M FY26: Revenue INR664Cr, PAT INR99Cr; 10 lakh sq.ft. adds ~INR3,500Cr GDV; secured INR2,015Cr.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Investor Presentation for the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025
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Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025.
2d - Board approved Q3 and 9M FY26 unaudited results; stock split 10→2 effective 15-Jan-2026 (shares 3,93,59,130→19,67,95,650).
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Jan 2026TranscriptAI SummaryPPT
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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.