Ajmera Realty & Infra India Ltd

About [ edit ]

Ajmera Realty & Infra India is engaged in real estate business

  • Market Cap 415 Cr.
  • Current Price 117
  • High / Low 151 / 73.8
  • Stock P/E 19.1
  • Book Value 183
  • Dividend Yield 1.20 %
  • ROCE 7.05 %
  • ROE 5.25 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.64 times its book value
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.90% for last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 14.99% of profits over last 3 years
  • Company has high debtors of 222.99 days.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
124.49 39.33 110.32 109.35 133.70 94.86 106.35 48.90 94.27 39.57 107.70 120.72
72.74 19.16 77.57 69.44 88.21 62.08 69.21 32.15 76.49 26.84 80.07 90.73
Operating Profit 51.75 20.17 32.75 39.91 45.49 32.78 37.14 16.75 17.78 12.73 27.63 29.99
OPM % 41.57% 51.28% 29.69% 36.50% 34.02% 34.56% 34.92% 34.25% 18.86% 32.17% 25.65% 24.84%
Other Income 2.23 0.81 2.75 1.92 2.83 0.88 0.26 0.86 4.23 0.59 1.62 1.81
Interest 12.71 4.38 14.85 17.82 13.22 19.37 23.17 9.15 14.16 10.14 17.09 21.01
Depreciation 0.51 0.53 0.63 0.61 0.64 0.49 0.49 0.48 0.71 0.43 0.50 0.41
Profit before tax 40.76 16.07 20.02 23.40 34.46 13.80 13.74 7.98 7.14 2.75 11.66 10.38
Tax % 19.70% 20.22% 18.63% 19.32% 17.99% 25.65% 13.46% 19.30% 39.50% 24.00% 26.50% 23.60%
Net Profit 32.67 12.38 16.23 18.88 27.74 10.26 11.89 6.44 4.08 2.09 7.70 7.90
EPS in Rs 9.21 3.49 4.57 5.32 7.82 2.89 3.35 1.81 1.15 0.59 2.17 2.23

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
58 45 172 208 80 78 165 316 277 370 382 344 362
25 30 128 168 59 56 119 233 170 231 254 240 274
Operating Profit 33 15 43 40 21 23 45 83 107 138 127 105 88
OPM % 57% 32% 25% 19% 27% 29% 27% 26% 39% 37% 33% 30% 24%
Other Income 0 1 0 8 9 10 7 9 14 17 19 6 8
Interest 6 1 16 2 4 4 17 31 36 46 50 66 62
Depreciation 0 0 0 3 6 6 2 2 2 3 2 2 2
Profit before tax 27 14 27 44 20 23 33 59 83 106 94 43 32
Tax % 9% 18% 9% 5% 18% 25% 20% 22% 21% 21% 19% 23%
Net Profit 25 12 23 39 15 16 26 42 65 82 75 33 22
EPS in Rs 2.11 3.29 6.61 10.91 4.37 4.57 7.24 11.95 18.37 23.19 21.20 9.22 6.14
Dividend Payout % 16% 33% 21% 16% 34% 33% 23% 21% 16% 14% 16% 15%
Compounded Sales Growth
10 Years:23%
5 Years:16%
3 Years:7%
TTM:-6%
Compounded Profit Growth
10 Years:11%
5 Years:5%
3 Years:-20%
TTM:-61%
Stock Price CAGR
10 Years:-3%
5 Years:-7%
3 Years:-22%
1 Year:55%
Return on Equity
10 Years:9%
5 Years:11%
3 Years:11%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
35 35 35 35 35 35 35 35 35 35 35 35 35
Reserves 295 302 319 366 351 361 380 414 469 527 576 603 613
Borrowings 30 132 129 192 255 333 268 334 445 515 863 968 1,004
90 191 86 162 239 357 492 478 466 458 406 365 401
Total Liabilities 450 660 570 755 880 1,086 1,176 1,261 1,416 1,536 1,880 1,972 2,054
58 138 183 240 123 119 74 72 70 69 71 76 94
CWIP 0 0 0 2 0 0 0 0 0 0 0 0 0
Investments 7 0 0 1 3 9 39 39 22 24 86 67 62
385 522 386 512 754 958 1,063 1,150 1,325 1,443 1,722 1,829 1,897
Total Assets 450 660 570 755 880 1,086 1,176 1,261 1,416 1,536 1,880 1,972 2,054

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
28 104 41 -24 -21 -71 -68 119 59 -116 -345 -18
-8 -99 -25 -44 -20 -4 -10 -9 14 -4 -5 11
-24 7 -22 71 56 67 59 -98 -69 109 363 -1
Net Cash Flow -4 12 -6 3 15 -8 -19 11 5 -11 12 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 4% 4% 9% 8% 4% 4% 7% 12% 14% 15% 11% 7%
Debtor Days 264 92 14 73 72 96 41 54 171 176 184 223
Inventory Turnover 0.04 0.00 0.16 0.00 0.00 -0.03 -0.02 -0.01 0.02 0.03 0.01 0.00

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67.46 67.46 67.46 70.22 74.99 74.99 74.99 67.95 67.95 67.95 69.73 69.73
0.05 0.01 0.00 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00 0.00
0.22 0.27 0.31 0.23 0.25 0.27 0.09 0.21 0.13 0.00 0.00 0.00
32.27 32.26 32.23 29.53 24.73 24.71 24.89 31.85 31.93 32.05 30.26 30.26

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