Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India is engaged in real estate business

Pros:
Stock is trading at 0.73 times its book value
Company is expected to give good quarter
Promoter's stake has increased
Company has good consistent profit growth of 36.10% over 5 years
Cons:
Company has a low return on equity of 13.94% for last 3 years.
Company might be capitalizing the interest cost

Peer Comparison Sector: Realty // Industry: Construction

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
63 82 99 89 76 90 124 39 110 109 134 95
39 43 57 52 49 57 73 19 78 69 88 62
Operating Profit 24 39 41 36 27 34 52 20 33 40 45 33
OPM % 38% 48% 42% 41% 35% 37% 42% 51% 30% 36% 34% 35%
Other Income 1 1 1 1 2 2 2 1 3 2 3 1
Interest 10 10 11 16 10 8 13 4 15 18 13 19
Depreciation 1 0 0 1 1 1 1 1 1 1 1 0
Profit before tax 14 30 31 21 18 27 41 16 20 23 34 14
Tax % 22% 20% 21% 24% 19% 21% 20% 20% 19% 19% 18% 26%
Net Profit 10 23 25 14 14 21 33 12 16 19 28 10
EPS in Rs 2.92 6.54 6.97 3.97 4.09 5.92 9.35 3.49 4.57 5.32 7.67 2.89
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,851 58 45 172 208 80 78 165 316 277 370 382 448
1,533 25 30 128 168 59 56 119 233 170 231 254 297
Operating Profit 318 33 15 43 40 21 23 45 83 107 138 127 151
OPM % 17% 57% 32% 25% 19% 27% 29% 27% 26% 39% 37% 33% 34%
Other Income 91 0 1 0 8 9 10 7 9 14 17 19 8
Interest 108 6 1 16 2 4 4 17 31 36 46 50 65
Depreciation 39 0 0 0 3 6 6 2 2 2 3 2 2
Profit before tax 263 27 14 27 44 20 23 33 59 83 106 94 92
Tax % 7% 9% 18% 9% 5% 18% 25% 20% 22% 21% 21% 19%
Net Profit 246 25 12 23 39 15 16 26 42 65 82 75 73
EPS in Rs 48.64 16.24 3.11 6.37 10.91 4.36 4.56 7.24 11.95 18.37 23.19 21.20 20.45
Dividend Payout % 5% 16% 33% 21% 16% 34% 33% 23% 21% 16% 14% 16%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:20.75%
5 Years:37.23%
3 Years:6.48%
TTM:35.84%
Compounded Profit Growth
10 Years:11.64%
5 Years:36.10%
3 Years:21.00%
TTM:-9.25%
Return on Equity
10 Years:9.26%
5 Years:11.94%
3 Years:13.94%
Last Year:12.82%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
118 35 35 35 35 35 35 35 35 35 35 35
Reserves 495 295 302 319 366 351 361 380 414 469 527 576
Borrowings 650 30 132 129 192 255 333 268 334 445 515 863
538 90 191 86 162 239 357 492 478 466 458 406
Total Liabilities 1,801 450 660 570 755 880 1,086 1,176 1,261 1,416 1,536 1,880
454 58 138 183 240 123 119 74 72 70 69 71
CWIP 146 0 0 0 2 0 0 0 0 0 0 0
Investments 1 7 0 0 1 3 9 39 39 22 24 41
1,200 385 522 386 512 754 958 1,063 1,150 1,325 1,443 1,768
Total Assets 1,801 450 660 570 755 880 1,086 1,176 1,261 1,416 1,536 1,880

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
154 28 104 41 -24 -21 -71 -68 119 59 -116 -345
-140 -8 -99 -25 -44 -20 -4 -10 -9 14 -4 -5
-10 -24 7 -22 71 56 67 59 -98 -69 109 361
Net Cash Flow 4 -4 12 -6 3 15 -8 -19 11 5 -11 11

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 32% 4% 4% 9% 8% 4% 4% 7% 12% 14% 15% 11%
Debtor Days 84 264 92 14 73 72 96 41 54 171 176 184
Inventory Turnover 3.90 0.23 0.29 0.72 0.82 0.21 0.13 0.24 0.46 0.39 0.50 0.44