Ajcon Global Services Ltd

Ajcon Global Services Ltd

₹ 76.2 -1.99%
24 Dec - close price
About

Incorporated in 1986, Ajcon Global Services
Ltd provides consulting-led integrated financial services[1]

Key Points

Business Overview:[1]
Company is a registered member of national exchanges viz. BSE, NSE, MCS-SX (Cash and Derivative segment), and CDSL (DP) with nationwide trading terminals for its broking activity. AGSL is also a dealer with M.P. Stock Exchange on both the institutional broking and retail broking front.
It is impaneled with 25+ leading banks and mutual funds for their secondary market operations on the capital market segment of NSE. AGSL is associated with the Bank of India as an online trading partner for the equity market operations of its customers. It has also developed an online trading portal www. pyarapaisa.com to cater to the needs of Bank of India customers.

  • Market Cap 46.6 Cr.
  • Current Price 76.2
  • High / Low 82.2 / 31.3
  • Stock P/E 36.1
  • Book Value 31.9
  • Dividend Yield 0.00 %
  • ROCE 8.90 %
  • ROE 5.77 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.41%
  • The company has delivered a poor sales growth of -13.7% over past five years.
  • Company has a low return on equity of 7.00% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
5.15 10.20 21.59 2.22 2.02 1.63 2.22 6.32 2.73 3.45 3.43 4.24 5.64
4.21 9.72 20.64 1.93 1.34 1.26 2.16 5.41 2.31 2.90 3.17 3.70 4.58
Operating Profit 0.94 0.48 0.95 0.29 0.68 0.37 0.06 0.91 0.42 0.55 0.26 0.54 1.06
OPM % 18.25% 4.71% 4.40% 13.06% 33.66% 22.70% 2.70% 14.40% 15.38% 15.94% 7.58% 12.74% 18.79%
0.02 0.07 0.04 0.01 0.02 0.01 0.02 0.02 0.02 0.02 0.03 0.03 0.02
Interest 0.13 0.05 0.07 0.07 0.10 0.13 0.12 0.12 0.14 0.14 0.09 0.08 0.11
Depreciation 0.09 0.09 0.09 0.10 0.09 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.09
Profit before tax 0.74 0.41 0.83 0.13 0.51 0.15 -0.14 0.71 0.20 0.33 0.10 0.39 0.88
Tax % 20.27% 12.20% 37.35% 23.08% 25.49% 26.67% -21.43% 25.35% 20.00% 24.24% 10.00% 25.64% 25.00%
0.59 0.36 0.51 0.10 0.38 0.11 -0.11 0.54 0.17 0.25 0.09 0.29 0.66
EPS in Rs 0.96 0.59 0.83 0.16 0.62 0.18 -0.18 0.88 0.28 0.41 0.15 0.47 1.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6.60 5.16 5.59 6.08 7.52 5.79 31.20 26.62 47.15 40.82 7.83 14.94 16.76
4.64 3.76 4.00 4.47 5.90 4.63 30.35 27.19 45.60 37.57 6.37 12.72 14.35
Operating Profit 1.96 1.40 1.59 1.61 1.62 1.16 0.85 -0.57 1.55 3.25 1.46 2.22 2.41
OPM % 29.70% 27.13% 28.44% 26.48% 21.54% 20.03% 2.72% -2.14% 3.29% 7.96% 18.65% 14.86% 14.38%
0.05 -0.01 0.00 -0.05 0.04 0.00 0.08 0.04 0.96 0.05 0.00 0.01 0.10
Interest 0.56 0.56 0.62 0.74 0.74 0.52 0.64 0.63 0.57 0.34 0.42 0.49 0.42
Depreciation 0.40 0.42 0.45 0.29 0.25 0.23 0.41 0.40 0.40 0.37 0.38 0.39 0.39
Profit before tax 1.05 0.41 0.52 0.53 0.67 0.41 -0.12 -1.56 1.54 2.59 0.66 1.35 1.70
Tax % 34.29% 39.02% 28.85% 20.75% 38.81% 21.95% -16.67% 0.64% -0.65% 19.31% 27.27% 22.96%
0.70 0.26 0.37 0.41 0.41 0.31 -0.09 -1.58 1.55 2.08 0.48 1.04 1.29
EPS in Rs 1.14 0.43 0.60 0.67 0.67 0.51 -0.15 -2.58 2.53 3.40 0.78 1.70 2.11
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: -14%
3 Years: -32%
TTM: 30%
Compounded Profit Growth
10 Years: 15%
5 Years: 72%
3 Years: 18%
TTM: 82%
Stock Price CAGR
10 Years: 20%
5 Years: 24%
3 Years: 16%
1 Year: 128%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 7%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12 6.12
Reserves 7.21 7.47 7.78 8.19 8.60 8.91 8.78 7.20 8.75 10.83 11.38 12.42 13.37
7.65 6.85 9.15 8.28 6.24 4.06 3.85 4.52 1.58 2.03 3.53 1.77 2.36
2.65 2.29 2.89 1.62 1.22 2.25 2.00 1.80 2.96 2.10 3.23 3.15 5.13
Total Liabilities 23.63 22.73 25.94 24.21 22.18 21.34 20.75 19.64 19.41 21.08 24.26 23.46 26.98
2.04 2.00 1.56 1.70 1.72 1.51 2.13 1.77 1.77 1.58 2.53 2.23 2.06
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.35 3.32 3.32 3.29 3.15 3.15 3.15 3.15 3.15 3.07 3.07 3.07 3.07
19.24 17.41 21.06 19.22 17.31 16.68 15.47 14.72 14.49 16.43 18.66 18.16 21.85
Total Assets 23.63 22.73 25.94 24.21 22.18 21.34 20.75 19.64 19.41 21.08 24.26 23.46 26.98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.08 2.53 -0.90 0.77 3.32 2.50 -0.93 -0.60 4.74 -0.14 -1.31 0.84
-0.46 -1.30 0.00 -0.35 0.23 0.65 -0.11 -0.04 -0.40 -0.10 -0.24 -0.08
1.48 -1.36 1.67 -1.61 -2.78 -2.70 -0.21 0.67 -2.94 0.45 1.50 -1.76
Net Cash Flow 0.94 -0.13 0.78 -1.18 0.76 0.45 -1.25 0.03 1.40 0.21 -0.05 -1.01

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 201.30 265.97 192.62 99.65 73.29 59.26 14.27 27.42 7.28 1.97 55.94 14.41
Inventory Days
Days Payable
Cash Conversion Cycle 201.30 265.97 192.62 99.65 73.29 59.26 14.27 27.42 7.28 1.97 55.94 14.41
Working Capital Days 851.67 991.02 875.61 838.66 574.68 648.05 138.51 146.30 71.76 96.39 495.99 332.75
ROCE % 8.36% 4.73% 5.24% 5.78% 6.29% 4.64% 2.80% -5.08% 6.88% 16.43% 5.40% 8.90%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.48% 67.48% 67.48% 67.47% 67.47% 67.47% 67.47% 67.47% 67.04% 66.74% 66.25% 65.84%
0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
31.67% 31.67% 31.67% 31.67% 31.67% 31.67% 31.66% 31.67% 32.09% 32.40% 32.89% 33.30%
No. of Shareholders 2,3792,3932,4192,4222,4242,4282,4512,4602,5492,6132,6482,850

* 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.

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