Ajcon Global Services Ltd

Ajcon Global Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ajcon Global Services Ltd

₹ 46.2 5.82%
22 Nov - close price
ajcononline.com BSE: 511692
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.

Website BSE
  • Market Cap ₹ 28.3 Cr.
  • Current Price ₹ 46.2
  • High / Low ₹ 56.6 / 26.6
  • Stock P/E 19.5
  • Book Value ₹ 39.3
  • Dividend Yield 0.00 %
  • ROCE 7.06 %
  • ROE 5.60 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.18 times its book value
  • 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 -13.5% over past five years.
  • Company has a low return on equity of 6.22% 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: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
5.31 10.33 21.90 2.47 2.16 1.88 2.33 6.60 3.03 3.70 3.67 4.48 5.89
4.27 9.92 20.79 2.01 1.35 1.28 2.36 5.54 2.39 3.03 3.39 3.78 4.66
Operating Profit 1.04 0.41 1.11 0.46 0.81 0.60 -0.03 1.06 0.64 0.67 0.28 0.70 1.23
OPM % 19.59% 3.97% 5.07% 18.62% 37.50% 31.91% -1.29% 16.06% 21.12% 18.11% 7.63% 15.62% 20.88%
0.04 0.09 0.07 0.03 0.04 0.03 -0.01 0.03 0.03 0.04 0.06 0.05 0.05
Interest 0.17 0.09 0.19 0.16 0.19 0.21 0.20 0.20 0.19 0.21 0.13 0.18 0.21
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 0.82 0.32 0.90 0.23 0.57 0.32 -0.34 0.79 0.38 0.40 0.11 0.47 0.98
Tax % 20.73% 9.38% 33.33% 26.09% 24.56% 28.12% -23.53% 25.32% 21.05% 25.00% 9.09% 25.53% 25.51%
0.65 0.28 0.60 0.17 0.43 0.23 -0.26 0.60 0.31 0.30 0.10 0.35 0.73
EPS in Rs 1.05 0.49 0.96 0.26 0.69 0.34 -0.39 0.96 0.46 0.47 0.16 0.56 1.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
9.10 7.90 8.51 8.17 9.23 8.25 33.16 27.90 48.00 41.64 8.60 16.07 17.74
4.86 3.96 4.39 5.17 6.22 5.58 30.93 28.11 46.08 38.03 6.68 13.27 14.86
Operating Profit 4.24 3.94 4.12 3.00 3.01 2.67 2.23 -0.21 1.92 3.61 1.92 2.80 2.88
OPM % 46.59% 49.87% 48.41% 36.72% 32.61% 32.36% 6.72% -0.75% 4.00% 8.67% 22.33% 17.42% 16.23%
0.05 0.01 0.00 -0.21 0.05 0.04 0.13 0.33 0.96 0.05 0.00 0.01 0.20
Interest 2.79 3.02 3.16 2.37 1.86 1.51 1.90 1.23 0.92 0.59 0.76 0.73 0.73
Depreciation 0.44 0.46 0.48 0.31 0.28 0.24 0.41 0.40 0.40 0.37 0.38 0.39 0.39
Profit before tax 1.06 0.47 0.48 0.11 0.92 0.96 0.05 -1.51 1.56 2.70 0.78 1.69 1.96
Tax % 33.96% 36.17% 35.42% 109.09% 33.70% 22.92% 0.00% 1.32% 0.00% 18.89% 26.92% 23.08%
0.71 0.30 0.30 -0.01 0.61 0.74 0.02 -1.54 1.56 2.18 0.57 1.30 1.48
EPS in Rs 1.16 0.47 0.52 0.07 0.96 1.16 0.03 -2.53 2.55 3.56 0.90 2.04 2.37
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: 7%
5 Years: -13%
3 Years: -31%
TTM: 28%
Compounded Profit Growth
10 Years: 16%
5 Years: 111%
3 Years: 24%
TTM: 73%
Stock Price CAGR
10 Years: 14%
5 Years: 12%
3 Years: 2%
1 Year: 70%
Return on Equity
10 Years: 2%
5 Years: 3%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 10.89 11.18 11.44 11.48 12.08 12.78 12.76 11.21 12.77 14.95 15.58 16.83 17.89
25.15 19.61 32.66 19.31 16.90 19.90 18.28 19.06 12.39 9.72 10.82 10.06 10.95
4.82 3.88 4.71 3.16 3.28 4.70 4.31 4.15 5.12 4.08 5.22 5.29 7.37
Total Liabilities 46.98 40.79 54.93 40.07 38.38 43.50 41.47 40.54 36.40 34.87 37.74 38.30 42.33
2.39 2.31 1.85 1.80 1.72 1.51 2.14 1.77 1.77 1.58 2.54 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 0.58 0.75 0.75 1.52 1.42 1.42 1.42 1.42 1.42 1.42 1.42 1.42 1.42
44.01 37.73 52.33 36.75 35.24 40.57 37.91 37.35 33.21 31.87 33.78 34.65 38.85
Total Assets 46.98 40.79 54.93 40.07 38.38 43.50 41.47 40.54 36.40 34.87 37.74 38.30 42.33

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4.86 6.46 -11.62 13.89 3.57 11.66 1.79 -0.72 8.48 3.08 -0.94 -0.15
-0.63 -0.49 0.01 -1.13 0.26 -13.70 -0.11 -0.04 -0.40 -0.18 -0.24 -0.08
6.34 -6.11 12.47 -14.05 -3.11 2.48 -2.94 0.79 -6.68 -2.67 1.10 -0.77
Net Cash Flow 0.85 -0.14 0.85 -1.29 0.73 0.43 -1.27 0.03 1.41 0.23 -0.08 -1.00

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 147.20 179.73 131.25 75.50 59.71 42.03 13.43 26.56 7.38 1.93 50.93 13.40
Inventory Days
Days Payable
Cash Conversion Cycle 147.20 179.73 131.25 75.50 59.71 42.03 13.43 26.56 7.38 1.93 50.93 13.40
Working Capital Days 1,575.92 1,572.27 1,884.62 1,385.39 1,140.08 1,456.46 124.82 130.17 67.14 91.86 437.58 300.72
ROCE % 9.75% 8.54% 8.09% 5.98% 7.30% 6.44% 4.97% -0.73% 4.39% 10.06% 4.65% 7.06%

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.

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