Ajmera Realty & Infra India Ltd - Stock Valuation and Financial Performance

BSE: 513349 | NSE: AJMERA | Construction - Real Estate | Small Cap

Ajmera Realty&Infra Share Price

723.95 0.00 0.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Ajmera Realty&Infra

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Ajmera Realty & Infra India stock performance -

mw4me loader
P/E Ratio (CD):
28.80
Market Cap:
2,568.9 Cr.
52-wk low:
271.4
52-wk high:
787.5

Is Ajmera Realty & Infra India Ltd an attractive stock to invest in?

1. Is Ajmera Realty & Infra India Ltd a good quality company?

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

2. Is Ajmera Realty & Infra India Ltd undervalued or overvalued?

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

3. Is Ajmera Realty & Infra India Ltd a good buy now?

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

10 Year X-Ray of Ajmera Realty&Infra:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2.6%4.9%7.8%9.6%10.6%8.1%4.8%4.3%5.2%5.5%-
Value Creation
Index
-0.8-0.7-0.5-0.3-0.3-0.4-0.7-0.7-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 78.4165316277370382344347483431582
Sales YoY Gr.-109.9%92%-12.2%33.2%3.2%-9.7%0.7%39.2%-10.7%-
Adj EPS 4.67.21218.423.321.29.28.512.820.225.1
YoY Gr.-58.4%65.3%53.8%26.7%-9.1%-56.7%-7.5%50.5%58.1%-
BVPS (₹) 111.6117.2126.6142.3158.6172.2180187.3200.1218236
Adj Net
Profit
16.225.742.565.382.875.232.630.245.471.889
Cash Flow from Ops. -71.2-67.711959.4-116-345-17.9201-63.6137-
Debt/CF from Ops. -4.7-42.87.5-4.4-2.5-54.33.9-15.66.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.9%3.1%7.8%-10.7%
Adj EPS 18%-2.8%30.1%58.1%
BVPS7.7%6.6%6.6%9%
Share Price 30.4% 31.3% 84.2% 164.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.16.39.813.715.512.85.24.66.69.711.1
Op. Profit
Mgn %
2927.526.338.637.433.330.427.524.128.928.5
Net Profit
Mgn %
22.215.914.423.922.9209.69.19.616.615.3
Debt to
Equity
0.80.60.70.90.91.41.51.21.41.1-
Working Cap
Days
3,8812,2131,2631,6011,3461,4911,8561,8661,3731,540524
Cash Conv.
Cycle
2,6591,3627129748059171,1851,1778641,047483

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.10%

Net Profit is growing at healthy rate in last 3 years 30.06%

Sales growth is good in last 4 quarters at 56.25%

Sales growth has been subdued in last 3 years 7.77%

Debt to equity has increased versus last 3 years average to 1.09

Latest Financials - Ajmera Realty & Infra India Ltd.

Standalone Consolidated
TTM EPS (₹) 22 25.1
TTM Sales (₹ Cr.) 421 582
BVPS (₹.) 213.3 236
Reserves (₹ Cr.) 721 802
P/BV 3.39 3.07
PE 32.97 28.80
From the Market
52 Week Low / High (₹) 271.40 / 787.45
All Time Low / High (₹) 0.40 / 787.45
Market Cap (₹ Cr.) 2,569
Equity (₹ Cr.) 35.5
Face Value (₹) 10
Industry PE 76.3

Management X-Ray of Ajmera Realty&Infra:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.887.887.887.887.887.887.887.887.887.88
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ajmera Realty&Infra

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales78165316277370382344347483431
Operating Expenses 56119233171231254240251367307
Manufacturing Costs274274798793888111968
Material Costs729635194957694161161
Employee Cost 4172219282627262818
Other Costs 17327422234149505960
Operating Profit 23458310713812710495116124
Operating Profit Margin (%) 29.0%27.4%26.2%38.6%37.4%33.3%30.3%27.5%24.1%28.9%
Other Income 107915171965610
Interest 4173136465066585936
Depreciation 6222322222
Exceptional Items 0000000000
Profit Before Tax 233359831069443416296
Tax 671317221810101525
Profit After Tax 17264666847633314672
PAT Margin (%) 22.2%15.9%14.4%23.9%22.8%20.0%9.6%9.1%9.6%16.6%
Adjusted EPS (₹)4.67.212.018.423.321.29.28.512.820.2
Dividend Payout Ratio (%)33%23%21%16%14%16%15%16%18%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 396416449505563611639665710774
Share Capital 35353535353535353535
Reserves 361380414469527576603629674738
Minority Interest439789728395105102101119
Debt330267200178358796866775868826
Long Term Debt317235184139355795866694815806
Short Term Debt13321639210825220
Trade Payables39762734595134294238
Others Liabilities 278320495627473327329327297164
Total Liabilities 1,0861,1761,2611,4161,5361,8801,9721,8972,0181,922

Fixed Assets

Gross Block138808180828693868792
Accumulated Depreciation196911131517202123
Net Fixed Assets119747270697176666669
CWIP 0000000000
Investments 9393922248667502566
Inventories6976756907347599691,0009429991,175
Trade Receivables211947130178192210179264137
Cash Equivalents 1871922202822433540
Others Assets222362395439486534597617629434
Total Assets 1,0861,1761,2611,4161,5361,8801,9721,8972,0181,922

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -71-6811959-116-345-18201-64137
PBT 233359831069443416296
Adjustment 9203927384168596138
Changes in Working Capital -98-11534-34-239-463-119110-17128
Tax Paid -6-6-13-17-22-18-10-10-15-25
Cash Flow From Investing Activity -4-10-914-4-511-929-47
Capex 110-4-4-5-7-22-2-4
Net Investments -5-5-10-2-12181331-43
Others 0-6-9192120000
Cash Flow From Financing Activity 6759-98-69109363-1-17533-86
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 8585-5100000122-9
Interest Paid -4-17-31-36-46-50-66-58-59-36
Dividend Paid -500-11-22-25-5-50-8
Others -9-9-16-2217743870-112-29-32
Net Cash Flow -8-19115-1112-717-24
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.456.4410.5413.8815.8212.995.274.836.749.65
ROCE (%)3.917.1312.2213.815.0711.37.046.487.697.98
Asset Turnover Ratio0.080.150.260.210.250.220.180.180.250.22
PAT to CFO Conversion(x)-4.18-2.622.590.89-1.38-4.54-0.556.48-1.391.9
Working Capital Days
Receivable Days844438116152177213205168170
Inventory Days2,7501,5217889367378271,0431,022734921
Payable Days1,6037312982211812112031218091

Ajmera Realty & Infra India Ltd Stock News

Ajmera Realty & Infra India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ajmera Realty&Infra on 28-Mar-2024 16:01 is ₹724.0.
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 28-Mar-2024 16:01 the market cap of Ajmera Realty&Infra stood at ₹2,568.9.
The latest P/E ratio of Ajmera Realty&Infra as of 28-Mar-2024 16:01 is 32.97.
The latest P/B ratio of Ajmera Realty&Infra as of 28-Mar-2024 16:01 is 3.39.
The 52-week high of Ajmera Realty&Infra is ₹787.5 and the 52-week low is ₹271.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ajmera Realty&Infra is ₹420.8 ( Cr.) .

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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