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BSE: 511692 | NSE: | Finance - Investment | Small Cap
1. Is Ajcon Global Services Ltd a good quality company?
Data is not available for this company.
2. Is Ajcon Global Services Ltd undervalued or overvalued?
The key valuation ratios of Ajcon Global Services Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Ajcon Global Services Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ajcon Global Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 6.6 | 5.1 | 5.6 | 6.2 | 7.2 | 5.7 | 31.3 | 26.8 | 47.1 | 40.7 | 8 | |
| YoY Gr. Rt. % | - | -22.1% | 10.6% | 9.6% | 16.5% | -21% | 449.2% | -14.2% | 75.6% | -13.6% | - | |
| Adj EPS (₹ ) | 1.1 | 0.4 | 0.6 | 0.7 | 0.7 | 0.5 | -0.2 | -2.6 | 2.5 | 3.4 | 2.2 | |
| YoY Gr. Rt. % | - | -62.3% | 41.9% | 9.8% | 0% | -23.9% | -129.4% | NA | NA | 34.4% | - | |
| BVPS (₹ ) | 21.8 | 22.2 | 22.7 | 23.4 | 24.1 | 24.6 | 24.4 | 21.8 | 24.3 | 27.7 | 28.6 | |
| YoY Gr. Rt. % | - | 2% | 2.3% | 3% | 2.9% | 2.2% | -0.9% | -10.6% | 11.6% | 13.9% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 3.2 | 1.1 | 1.5 | 1.6 | 1.8 | 1.4 | -0.4 | -7.8 | 7.9 | 10.3 | 0 | |
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Net Interest Income | 22.5% | 41.4% | 9.2% | -13.6% | ||||||||
| Adj EPS | 12.9% | 38.4% | NA | 34.4% | ||||||||
| BVPS | 2.7% | 2.9% | 4.4% | 13.9% | ||||||||
| Share Price | 7.6% | 2.9% | 10% | -18.6% | ||||||||
Key Financial Ratios |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RATIOS \ YEARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 10.6 | 5.1 | 6.6 | 6.6 | 5.7 | 5.5 | -0.3 | -5.9 | 3.3 | 5.1 | 17 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 5.4 | 1.9 | 2.7 | 2.9 | 2.8 | 2.1 | -0.6 | -11.2 | 11 | 13.1 | 7.9 | |
Return on Equity has increased versus last 3 years average to 7.80%
Total Income has increased 9.22 CAGR in last 3 years
Total income growth is good in last 4 quarters
Net Profit has declined 0.00 CAGR in last 3 years
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.2 | 2.4 |
| TTM Sales (₹ Cr.) | 8 | 8.8 |
| BVPS (₹.) ⓘ | 28.6 | 35.5 |
| Reserves (₹ Cr.) ⓘ | 11 | 16 |
| P/BV ⓘ | 1.25 | 1.05 |
| PE ⓘ | 16.15 | 15.56 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 31.00 / 59.40 |
| All Time Low / High (₹) | 0.65 / 59.40 |
| Market Cap (₹ Cr.) | 21.8 |
| Equity (₹ Cr.) | 6.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 70.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Ajcon Global Services (AGSL) was incorporated in 1986, in Mumbai, as Ajmera Financials and Project Consultants Private Limited with the object of consulting entrepreneurs and established companies in new projects and raising financial resources.
Ajmera Financials and Project Consultants Private Limited was rechristened as Ajcon Capital Markets Limited to reflect the diversified business focus in capital markets, which was later changed to Ajcon Global Services Limited to reflect company’s global reach in financial services activities.
The company is a well known public listed company with networth of over Rs 900 lakh engaged in providing various financial services for last 20 years.The company is also a member of OTC Exchange of India, M.P. Stock Exchange and is a depository participant of CDSL
The company went public in January 1995. It became a member of the National Stock Exchange (NSE) to setup the right infrastructure for stock broking/security trading, market research. The company’s public issue was oversubscribed by over 25 times demonstrating the faith and confidence the investment community reposed in the company. The company successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crore.
In 2004, the company expanded its reach from the domestic markets to the international markets by entering into a tie-up with a company in USA for providing financial services. ServicesAjcon Global Services offers Portfolio Management Services (PMS) to provide discretionary services to its clients. To provide these services the company is in the process of making an application to SEBI for obtaining the PMS License.
Merchant Banking License - From 1994-97, AGSL was a Category I Merchant Banker, during which AGSL handled more than 15 Issues as a Lead and Co-Lead Manager. By again obtaining a Merchant Banking Licence, the company will be able to provide investment banking services to corporates such as advice on mergers and acquisitions (domestic and cross-border), divestitures, capital raising through IPOs, rights issues, share buybacks, open offers/delistings, private placements and syndication of debt and equity. As a part of its Corporate Advisory Services, the company is already handing several public issue assignments.
Ajcon Commodity Brokers Limited is a 89% subsidiary of AGSL and is a member of the Multi Commodity Exchange (MCX) and is engaged into Commodity Broking.
The company’s head office has been catering mainly to the Institutional and High Networth clients and the branches cater exclusively to the retail sector. Presently, it has 30 branches/outlets with 150 trading terminals because of which the retail reach of the company is very limited and the revenue from retail sector is less than 20% of the company’s total revenue. With the changing demographics of India, retail sector has a huge potential and can be a main driver of business in today’s time.
Services offered by the company:
AGSL is a well diversified financial services company offering a whole gamut of services such as stock broking, commodity broking, depository services, project consultancy, market research, loan syndication, turnkey projects and corporate advisory services. It is headed by Ashok Kumar Ajmera, a well known Chartered Account and Market Expert with a rich experience of 30 years.
The company aims to become a one-stop shop for all services by expanding its scope of financial services further and also to offer its services all over India by setting up an intensive branch network. To increase its scale of operations and to open a larger number of branches, upgrade existing technology and augment its working capital, the Company is looking at raising funds through private equity placement.
AGSL efficiently executed more than 200 assignments of project financing and loan syndication and gained recognition as a leading project consultancy firm, possessing strong implementation skills to transform corporate vision and strategy into profitable reality. In 1994, the company widened its horizon and diversified its business by entering into the capital markets.
Mutual Funds and Insurance Products-The company offers all financial products available in the market to its clients.
Over the years, the company has established goodwill as the front-runner in the field of stock broking, project consultancy, market research, loan syndication, turnkey projects and corporate advisory services.
Clientele:
Ajcon Global Services has successfully developed a strong client base all over the country and presently its securities turnover runs in thousand of crores. It is empanelled with L.I.C, UTI, Canara Bank, Canbank Mutual, PNB, Andhra Bank, Bank of India, OBC, Bank of Baroda, Syndicate Bank, Uco Bank, United Western Bank SIDBI, Bank of Rajasthan, Taurus Mutual Fund, Vijaya Bank, Central Bank of India and host of other banks and mutual funds for their secondary market operations on the capital market segment of NSE.
