Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India Ltd

₹ 834 1.37%
26 Apr - close price
About

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]

Key Points

Domestic Projects
In Mumbai, the company has Ajmera i-Land (Aeon, Zeon, Treon), Ajmera Greenfinity, Ajmera Sikova, Followed by Ajmera Lugaano, Ajmera Nucleus in Bengaluru and Casa Vyoma, Enigma in Ahmedabad. [1]

  • Market Cap 2,960 Cr.
  • Current Price 834
  • High / Low 887 / 287
  • Stock P/E 33.5
  • Book Value 228
  • Dividend Yield 0.36 %
  • ROCE 7.48 %
  • ROE 9.64 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 168 to 116 days.
  • Promoter holding has increased by 4.46% over last quarter.

Cons

  • Stock is trading at 3.67 times its book value
  • The company has delivered a poor sales growth of 3.13% over past five years.
  • Company has a low return on equity of 7.08% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
121 79 135 98 69 181 52 185 79 114 116 145 207
91 54 101 75 49 141 37 129 57 83 79 108 147
Operating Profit 30 25 33 23 20 40 15 56 22 31 37 38 60
OPM % 25% 32% 25% 24% 29% 22% 30% 30% 28% 27% 32% 26% 29%
2 1 1 2 1 3 3 2 2 4 2 2 2
Interest 21 9 19 9 8 23 2 11 8 15 9 10 21
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 1
Profit before tax 10 16 14 15 13 20 15 46 15 19 29 29 41
Tax % 24% 20% 26% 23% 25% 25% 25% 25% 29% 24% 26% 22% 26%
8 13 11 11 10 15 12 34 11 15 22 23 30
EPS in Rs 2.23 3.52 2.89 3.22 2.74 3.95 3.26 9.63 3.00 4.26 5.94 6.35 8.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
208 80 78 165 316 277 370 382 344 347 483 431 582
168 59 56 119 233 170 231 254 240 251 366 307 416
Operating Profit 40 21 23 45 83 107 138 127 105 95 116 124 166
OPM % 19% 27% 29% 27% 26% 39% 37% 33% 30% 28% 24% 29% 28%
8 9 10 7 9 14 17 19 6 5 6 10 9
Interest 2 4 4 17 31 36 46 50 66 58 59 36 55
Depreciation 3 6 6 2 2 2 3 2 2 2 2 2 2
Profit before tax 44 20 23 33 59 83 106 94 43 41 62 96 118
Tax % 5% 18% 25% 20% 22% 21% 21% 19% 23% 23% 25% 26%
42 16 17 26 46 66 84 76 33 31 46 72 89
EPS in Rs 10.91 4.37 4.57 7.24 11.95 18.37 23.19 21.20 9.22 8.51 12.79 20.15 25.14
Dividend Payout % 16% 34% 33% 23% 21% 16% 14% 16% 15% 16% 18% 15%
Compounded Sales Growth
10 Years: 18%
5 Years: 3%
3 Years: 8%
TTM: 17%
Compounded Profit Growth
10 Years: 17%
5 Years: -3%
3 Years: 30%
TTM: 25%
Stock Price CAGR
10 Years: 31%
5 Years: 37%
3 Years: 94%
1 Year: 178%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 7%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 35 35 35 35 35 35 35 35 35 35 35 35 35
Reserves 366 351 361 380 414 469 527 576 603 629 674 738 772
192 255 333 268 334 445 515 863 968 775 995 843 827
162 239 357 492 478 466 458 406 365 457 314 305 290
Total Liabilities 755 880 1,086 1,176 1,261 1,416 1,536 1,880 1,972 1,897 2,018 1,922 1,925
240 123 119 74 72 70 69 71 76 66 66 69 68
CWIP 2 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 3 9 39 39 22 24 86 67 50 25 66 66
512 754 958 1,063 1,150 1,325 1,443 1,722 1,829 1,781 1,928 1,787 1,791
Total Assets 755 880 1,086 1,176 1,261 1,416 1,536 1,880 1,972 1,897 2,018 1,922 1,925

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-24 -21 -71 -68 119 59 -116 -345 -18 201 -64 137
-44 -20 -4 -10 -9 14 -4 -5 11 -9 29 -47
71 56 67 59 -98 -69 109 363 -1 -175 33 -86
Net Cash Flow 3 15 -8 -19 11 5 -11 12 -7 17 -2 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 73 72 96 41 54 171 176 184 223 189 200 116
Inventory Days 18,071 14,006
Days Payable 842 1,090
Cash Conversion Cycle 73 72 96 41 54 17,400 13,093 184 223 189 200 116
Working Capital Days 552 2,694 3,437 1,403 706 744 820 1,102 1,184 1,139 889 1,129
ROCE % 8% 4% 4% 6% 11% 13% 14% 11% 7% 6% 7% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.73% 69.73% 69.73% 69.73% 69.73% 69.74% 69.74% 69.74% 69.74% 69.74% 69.74% 74.20%
0.08% 0.05% 0.02% 0.02% 0.02% 0.02% 0.03% 0.02% 0.02% 0.04% 0.02% 0.29%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.59% 0.82% 1.59% 1.77% 2.11%
30.18% 30.22% 30.24% 30.24% 30.24% 30.23% 30.23% 29.65% 29.43% 28.64% 28.47% 23.41%
No. of Shareholders 29,28726,87026,01726,89727,29027,77927,69226,82124,72224,21424,82425,188

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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