Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India Ltd

₹ 991 -1.65%
27 Nov 9:25 a.m.
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 3,587 Cr.
  • Current Price 991
  • High / Low 1,025 / 385
  • Stock P/E 37.7
  • Book Value 225
  • Dividend Yield 0.40 %
  • ROCE 11.3 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 17.1%
  • Company's median sales growth is 18.0% of last 10 years

Cons

  • Stock is trading at 4.46 times its book value
  • Company has a low return on equity of 9.68% 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.

Peer comparison

Sector: Realty Industry: Construction

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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
97 69 134 52 150 61 97 99 110 115 165 140 127
75 48 103 36 101 44 71 66 75 74 112 90 80
Operating Profit 22 20 31 16 49 17 26 32 35 41 53 50 48
OPM % 23% 30% 23% 31% 33% 28% 26% 33% 32% 35% 32% 36% 38%
1 1 3 2 1 1 1 1 1 1 1 1 3
Interest 9 8 17 2 5 4 6 7 7 13 24 19 15
Depreciation 0 0 0 0 0 0 0 0 0 0 0 1 0
Profit before tax 13 13 16 15 45 13 21 26 29 28 31 31 36
Tax % 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 24%
10 10 12 11 34 10 16 20 21 21 23 24 28
EPS in Rs 2.76 2.71 3.46 3.21 9.57 2.82 4.40 5.58 6.03 5.94 6.49 6.62 7.62
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 0 136 213 252 289 343 323 289 405 361 489 548
0 0 98 150 152 165 225 221 207 305 250 327 356
Operating Profit 6 0 39 64 100 124 118 101 81 100 111 162 193
OPM % 94% 30% 28% 30% 40% 43% 34% 31% 28% 25% 31% 33% 35%
7 8 7 9 14 13 14 3 3 4 5 4 7
Interest 0 0 17 29 35 41 48 65 51 49 20 51 71
Depreciation 1 1 2 2 2 2 2 2 1 1 1 1 2
Profit before tax 12 7 26 42 77 94 83 38 32 54 95 114 126
Tax % 11% 7% 16% 18% 20% 20% 20% 25% 25% 25% 25% 25%
10 6 22 34 61 76 66 28 24 40 71 85 95
EPS in Rs 2.89 1.73 6.25 9.56 17.30 21.29 18.64 7.95 6.65 11.41 20.00 24.04 26.67
Dividend Payout % 52% 87% 27% 26% 17% 15% 18% 18% 21% 20% 15% 17%
Compounded Sales Growth
10 Years: 110%
5 Years: 7%
3 Years: 19%
TTM: 49%
Compounded Profit Growth
10 Years: 30%
5 Years: 5%
3 Years: 53%
TTM: 42%
Stock Price CAGR
10 Years: 25%
5 Years: 54%
3 Years: 53%
1 Year: 141%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 10%
Last Year: 12%

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 35 35 35 35 35 35 35 35 35 35 35 35 36
Reserves 312 313 329 354 405 469 523 546 565 606 669 743 779
155 189 215 240 386 470 740 831 641 754 710 714 658
177 255 333 345 328 348 270 157 234 171 132 87 83
Total Liabilities 679 791 912 974 1,154 1,323 1,568 1,570 1,475 1,565 1,547 1,580 1,557
11 12 12 10 9 8 10 8 7 6 7 7 9
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 92 92 92 92 98 117 134 134 134 113 113 112 137
576 687 808 872 1,047 1,197 1,424 1,427 1,334 1,447 1,428 1,461 1,410
Total Assets 679 791 912 974 1,154 1,323 1,568 1,570 1,475 1,565 1,547 1,580 1,557

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
-140 -33 -15 141 43 -129 -260 8 150 -79 52 99
4 3 3 5 0 5 -15 -0 16 2 11 -26
146 29 3 -145 -42 123 283 -14 -165 86 -71 -57
Net Cash Flow 10 -1 -9 1 1 -1 8 -6 1 8 -7 16

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 294 4,270 41 59 177 217 179 190 161 124 136 135
Inventory Days
Days Payable
Cash Conversion Cycle 294 4,270 41 59 177 217 179 190 161 124 136 135
Working Capital Days 15,517 439,630 1,122 572 471 626 731 728 806 642 714 573
ROCE % 3% 1% 8% 12% 15% 15% 11% 8% 6% 8% 8% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.73% 69.73% 69.73% 69.74% 69.74% 69.74% 69.74% 69.74% 69.74% 74.20% 74.20% 74.20%
0.02% 0.02% 0.02% 0.02% 0.03% 0.02% 0.02% 0.04% 0.02% 0.29% 0.19% 0.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.59% 0.82% 1.59% 1.77% 2.11% 2.11% 1.96%
30.24% 30.24% 30.24% 30.23% 30.23% 29.65% 29.43% 28.64% 28.47% 23.41% 23.51% 23.52%
No. of Shareholders 26,01726,89727,29027,77927,69226,82124,72224,21424,82425,18827,50628,296

* 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

Concalls