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Ajcon Global Services Ltd. Stock Analysis

Small Cap
Evaluated by 60 users | BSE: 511692 | NSE: |
Finance - Investment
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...

Analysis of Financial Track Record

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.
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Operating Income (Rs. Cr.)4.27.68.96.65.15.66.27.25.74.8
Y-o-Y Gr. Rt.-82.1%16.4%-26.2%-22.1%10.6%9.6%16.5%-21%-15.5%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
0.771.251.651.140.430.610.670.670.510
Y-o-Y Gr. Rt.-62.3%32%-30.9%-62.3%41.9%9.8%0%-23.9%-100%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
17.7418.9920.6421.7822.2122.7223.3924.0624.5824.58
Y-o-Y Gr. Rt.-7.1%8.7%5.5%2%2.3%3%2.9%2.2%0%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >12 : Very Good
  • 8-12 : Somewhat Good
  • <8: Not Good
Net Profit/Total Funds (%)2.963.954.983.171.121.531.631.771.440.01
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Ajcon Global Services Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income1.6%-1.2%-8%-15.5%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-100%-100%-100%-100%
Book Value per Share
3.7%2.1%1.7%0
Share Price 2.3% 1.6% -12.6% -34.1%
Key Financial Ratios
RATIOS \ YEARSMar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Margins
Net Profit Margin (%) 11.241011.3810.625.16.66.615.695.50.06
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 4.566.88.345.371.932.712.92.822.110.02
Entity Percentage Holding
Promoters 67.48%
Institutions 0.85%
Non-Institutions 31.67%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Ajcon Global Services Ltd.'s performance infers:

Ajcon Global Services Ltd. earnings have declined by -100%, whereas share price has appreciated 1.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Ajcon Global Services Ltd. share prices over the last 10 years. Here is what we found out:

Ajcon Global Services Ltd. share price has appreciated 0.6% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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