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Ajmera Realty & Infra India Ltd (AJMERA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513349 NSE: AJMERA Construction - Real Estate | Small Cap | Ajmera Realty&Infra Share Price

₹132.60 -6.65 (-4.78%)

As on 23-Jun'26 16:59

Ajmera Realty & Infra India Ltd (AJMERA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513349 NSE: AJMERA Construction - Real Estate | Small Cap | Ajmera Realty&Infra Share Price

₹132.60 -6.65 (-4.78%)

As on 23-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,740 Cr.
Current Price
₹132.6
52-Week Low / High
₹98 / 221
TTM EPS
₹7.6
TTM Sales
₹1,090 Cr.
Book Value per Share
₹71.1
P/E Ratio
18.29
Lower than its 5-year historical median
Industry PE
45.4
Price to Book (P/B)
1.96
Lower than its 5-year historical median
Price to Sales (P/S)
2.51
Lower than its 5-year historical median
EV/EBITDA
10.99
Lower than its 5-year historical median
Dividend Yield
0.68%
Profitability Efficiency
Return on Equity (ROE)
12.20%
Outperforms industry median
Return on Capital Employed (ROCE)
13.65%
Outperforms industry median
Return on Assets (ROA)
6.00%
Operating Profit Margin
31.3%
Net Profit Margin
17.13%
Gross Profit Margin
23.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.43%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.67%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
21.65%
Asset Quality
Promoter Holding
68.23%
Pledged shares (%) of Promoter's holding (%)
0.21%
Reserves
₹1,359 Cr.
Equity
₹39.4 Cr.
Face Value
₹2
All Time Low / High
₹0.08 / 245.16

Ajmera Realty & Infra India stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is Ajmera Realty & Infra India Ltd a good quality company?
Ajmera Realty & Infra India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ajmera Realty & Infra India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ajmera Realty & Infra India Ltd vs industry peers?
Ajmera Realty & Infra India Ltd revenue CAGR is 16.47%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ajmera Realty & Infra India Ltd?
Promoters hold 68.23% of the Ajmera Realty & Infra India Ltd, with 0.21% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Ajmera Realty & Infra India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ajmera Realty & Infra India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.2%13.8%15.1%11.3%7%6.5%7.7%8%12.6%13.7%-
Value Creation
Index
-0.10.00.1-0.2-0.5-0.5-0.5-0.4-0.10.0-

Growth Parameters

Sales 3162773703823443474834317007381,090
Sales YoY Gr.--12.2%33.2%3.2%-9.7%0.7%39.2%-10.7%62.4%5.4%-
Adj EPS 2.43.74.74.21.81.72.645.86.37.6
YoY Gr.-54%26.6%-9.7%-56.3%-5.4%47.1%57.8%43.1%9.7%-
BVPS (₹) 25.328.531.734.53637.54043.648.861.371.1
Adj Net
Profit
42.565.382.874.732.630.945.471.8103125150
Cash Flow from Ops. 11959.4-116-345-17.9201-63.61352207.6-
Debt/CF from Ops. 2.87.5-4.4-2.5-54.33.9-15.66.23.789.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.9%16.5%15.2%5.4%
Adj EPS 11.5%28.1%35.3%9.7%
BVPS10.3%11.2%15.3%25.7%
Share Price 16% 28.3% 21.9% -29.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.813.715.512.75.24.76.69.712.51211.5
Op. Profit
Mgn %
26.338.637.433.330.427.524.128.928.831.327.4
Net Profit
Mgn %
14.423.822.9209.69.19.616.614.816.913.7
Debt to
Equity
0.70.90.91.41.51.21.41.10.90.60.5
Working Cap
Days
1,2631,6011,3461,4911,8561,8661,3731,540889894323
Cash Conv.
Cycle
7339748059171,1851,1778641,046670695274

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales316277370382344347483431700738
Operating Expenses + 233171231254240251367307499507
Manufacturing Costs0000000000
Material Costs174130180188165175280229344351
Employee Cost 22192826272628184139
Other Costs 3722234149505960114118
Operating Profit 8310713812710495116124201231
Operating Profit Margin (%) 26.2%38.6%37.4%33.3%30.3%27.5%24.1%28.9%28.7%31.3%
Other Income + 914171965610815
Exceptional Items 0000000000
Interest 31364650665859366976
Depreciation 2232222223
Profit Before Tax 59831069443416296139167
Tax 13172218101015253541
Profit After Tax 4666847633314672104126
PAT Margin (%) 14.4%23.8%22.9%20.0%9.6%9.1%9.6%16.6%14.9%17.1%
Adjusted EPS (₹)2.43.74.74.21.81.72.64.05.86.4
Dividend Payout Ratio (%)20.90%16.30%14.20%15.70%15.30%16.10%17.70%14.80%13.80%14%

Valuation of Ajmera Realty&Infra - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4495055636116396657107748661,207
Share Capital 35353535353535353539
Reserves 4144695275766036296747388301,167
Debt +200178358796866775868826808676
Long Term Debt184139355795866694815806764574
Short Term Debt163921082522043103
Minority Interest89728395105102101119128117
Trade Payables27345951342942383759
Others Liabilities 495627473327329327297163125195
Total Liabilities 1,2611,4161,5361,8801,9721,8972,0181,9201,9632,253

Fixed Assets

Net Fixed Assets +72706971766666697177
Gross Block818082869386879295101
Accumulated Depreciation9111315172021232424
CWIP 0000000000
Investments 3922248667502566110124
Inventories6907347599691,0009429991,1751,1571,292
Trade Receivables47130178192210179264135215316
Cash Equivalents 1922202822433540117101
Others Assets 395439486534597617629434294343
Total Assets 1,2611,4161,5361,8801,9721,8972,0181,9201,9632,253

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 11959-116-345-18201-641352208
PBT 59831069443416296139167
Adjustment 39273841685961367080
Changes in Working Capital 34-34-239-463-119110-1712846-199
Tax Paid -13-17-22-18-10-10-15-25-35-41
Cash Flow From Investing Activity + -914-4-511-929-45-76-12
Capex 0-4-4-5-7-22-2-4-3-6
Net Investments -18-11-12181331-43-74-4
Others -911111200-020-2
Cash Flow From Financing Activity -98-69109363-1-17533-86-97-1
Net Proceeds from Shares + 000000000220
Net Proceeds from Borrowing -5130216440700122-9-42-191
Interest Paid -31-36-46-50-66-58-59-36-69-76
Dividend Paid 0-11-22-25-5-50-8-11-14
Others -16-52-39-2-0-112-29-322359
Net Cash Flow 115-1112-717-2446-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.5413.8615.8212.995.274.836.749.6512.6812.2
ROCE (%)12.2213.7915.0711.37.046.487.697.9812.613.65
Asset Turnover Ratio0.260.210.250.220.180.180.250.220.360.35
PAT to CFO Conversion(x)2.590.89-1.38-4.54-0.556.48-1.391.882.120.06
Working Capital Days
Receivable Days37.80116.40152.30177.20213.30205.10167.7016991.20131.30
Inventory Days788936.10737.30826.801,043.201,021.80733.90920.60608605.60
Payable Days108.3086.6094.40106.8093.9065.104664.104050.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.887.417.411.081.081.140.210.210.210.21
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ajmera Realty & Infra India Ltd FAQs

The current trading price of Ajmera Realty&Infra on 23-Jun-2026 16:59 is ₹132.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Jun-2026 the market cap of Ajmera Realty&Infra stood at ₹2,740.4 Cr

The latest P/E ratio of Ajmera Realty&Infra as of 22-Jun-2026 is 21.56.

The latest P/B ratio of Ajmera Realty&Infra as of 22-Jun-2026 is 2.27.

The 52-week high of Ajmera Realty&Infra is ₹221.2 and the 52-week low is ₹98.10.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ajmera Realty&Infra is ₹699 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ajmera Realty & Infra India Ltd is a below average quality company.

The key valuation ratios of Ajmera Realty & Infra India Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ajmera Realty & Infra India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Ajmera Realty & Infra India Ltd

Shree Precoated Steels (SPSL) is engaged in producing best quality coated flat steel products. It was earlier known as RVS Steels and Allied Industries and C S Ajmera and Associates took over the company in the year 1986. The name was  changed to present one in the 1986.

Currently SPSL is a part of the $300 million Ajmera Group of Companies. The company offers wide range of coating options on any metal surfaces that includes stainless steel.

The company has received ISO 9001 certification by Det Norske Veritas, Netherlands.

Products

SPSL's facility has been set up over 250,000 sq. meters of land at Sanaswadi near Pune

The company manufactures products such as pre-painted galvanised steel coils and sheets, galvanized steel coils and sheets, cold rolled steel coil and hot rolled products. Each of these products has a production capacity  of 100,000 TPA, 180,000 TPA, 240,000 TPA and 300,000 TPA.

The company markets these products under the brand name METACOLOR, METAGALVA and METACOR.

Outlook

There has been rise in steel prices over the year and it is observed that world steel industry is shifting towards Asia. India is a major player in the steel industry. Shree Precoated Steels aspires to become one of prominent manufacturer and supplier of colour coated and galvanized strips in Asia by 2010 and growth in steel industry will certainly help to achieve the vision of the company.

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