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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

₹115.60 1.80 (1.58%)

As on 18-Sep'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

₹115.60 1.80 (1.58%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,275 Cr.
Current Price
₹115.6
52-Week Low / High
₹98 / 221
TTM EPS
₹7.9
TTM Sales
₹1,149 Cr.
Book Value per Share
₹73.3
P/E Ratio
14.72
Lower than its 5-year historical median
Industry PE
43
Price to Book (P/B)
1.58
Lower than its 5-year historical median
Price to Sales (P/S)
1.98
Lower than its 5-year historical median
EV/EBITDA
9.04
Lower than its 5-year historical median
Dividend Yield
0.87%
Profitability Efficiency
Return on Equity (ROE)
12.06%
Outperforms industry median
Return on Capital Employed (ROCE)
15.13%
Outperforms industry median
Return on Assets (ROA)
6.48%
Operating Profit Margin
27.4%
Net Profit Margin
14.41%
Gross Profit Margin
21.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
31.3%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
29.23%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
24.25%
Asset Quality
Promoter Holding
68.56%
Pledged shares (%) of Promoter's holding (%)
0.02%
Reserves
₹1,404 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

Semi 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 25.75%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ajmera Realty & Infra India Ltd?
Promoters hold 68.56% of the Ajmera Realty & Infra India Ltd, with 0.02% 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 14.9% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 15.4%15%11.5%7.6%6.2%7.8%8.2%11.3%13.4%14.2%-
Value Creation
Index
0.10.1-0.2-0.5-0.6-0.4-0.4-0.20.00.0-

Growth Parameters

Sales 252289343323289405361489533699656
Sales YoY Gr.-14.9%18.6%-5.9%-10.5%40.2%-10.8%35.5%8.9%31.3%-
Adj EPS 3.54.33.71.61.32.344.85.66.55.9
YoY Gr.-23.1%-12.4%-57.4%-16.4%72.2%74.7%20.3%16.6%15%-
BVPS (₹) 24.828.431.532.833.936.139.743.955.761.362.5
Adj Net
Profit
61.475.666.228.323.640.67185.3110127117
Cash Flow from Ops. 42.6-129-2607.8150-78.852.599.4177-37.1-
Debt/CF from Ops. 9.1-3.7-2.9106.84.3-9.613.57.22.9-14.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12%19.4%24.7%31.3%
Adj EPS 7.2%37.1%17.3%15%
BVPS10.6%12.6%15.6%10%
Share Price 14.9% 11% 15.9% -45.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
14.81612.5546.610.611.511.8119.6
Op. Profit
Mgn %
39.642.834.431.428.124.730.73337.333.833.1
Net Profit
Mgn %
24.426.219.38.88.21019.717.420.718.217.8
Debt to
Equity
0.90.91.31.41.11.210.90.50.5-
Working Cap
Days
1,3821,4021,3761,5921,7241,2361,4351,050991835278
Cash Conv.
Cycle
706717703811852599732567514452234

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.417.411.081.081.140.210.210.210.210.02
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2773703823443474834317007381,090
Operating Expenses + 171231254240251367307499507792
Manufacturing Costs0000000000
Material Costs130180188165175280229344351602
Employee Cost 19282627262818413960
Other Costs 22234149505960114118130
Operating Profit 10713812710495116124201231298
Operating Profit Margin (%) 38.6%37.4%33.3%30.3%27.5%24.1%28.9%28.7%31.3%27.3%
Other Income + 141719656108158
Exceptional Items 0000000000
Interest 36465066585936697673
Depreciation 2322222234
Profit Before Tax 831069443416296139167229
Tax 17221810101525354172
Profit After Tax 66847633314672104126157
PAT Margin (%) 23.8%22.9%20.0%9.6%9.1%9.6%16.6%14.9%17.1%14.4%
Adjusted EPS (₹)3.74.74.21.81.72.64.05.86.47.6
Dividend Payout Ratio (%)16.30%14.20%15.70%15.30%16.10%17.70%14.80%13.80%14%13.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5055636116396657107748661,2071,398
Share Capital 35353535353535353939
Reserves 4695275766036296747388301,1671,359
Debt +178358796866775868826808676711
Long Term Debt139355795866694815806764574671
Short Term Debt392108252204310340
Minority Interest728395105102101119128117120
Trade Payables34595134294238375957
Others Liabilities 627473327329327297163125195305
Total Liabilities 1,4161,5361,8801,9721,8972,0181,9201,9632,2532,592

Fixed Assets

Net Fixed Assets +706971766666697177106
Gross Block8082869386879295101135
Accumulated Depreciation11131517202123242429
CWIP 0000000000
Investments 22248667502566110124120
Inventories7347599691,0009429991,1751,1571,2921,495
Trade Receivables130178192210179264135215316424
Cash Equivalents 2220282243354011710187
Others Assets 439486534597617629434294343360
Total Assets 1,4161,5361,8801,9721,8972,0181,9201,9632,2532,592
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 59-116-345-18201-64135220463
PBT 831069443416296139167229
Adjustment 27384168596136707674
Changes in Working Capital -34-239-463-119110-1712846-199-168
Tax Paid -17-22-18-10-10-15-25-35-41-72
Cash Flow From Investing Activity + 14-4-511-929-45-76-8-43
Capex -4-4-5-7-22-2-4-3-6-29
Net Investments 8-11-12181331-43-74-4-17
Others 11111200-02023
Cash Flow From Financing Activity -69109363-1-17533-86-97-1-56
Net Proceeds from Shares + 000000002200
Net Proceeds from Borrowing 30216440700122-9-42-19198
Interest Paid -36-46-50-66-58-59-36-69-76-73
Dividend Paid -11-22-25-5-50-8-11-14-18
Others -52-39-2-0-112-29-322359-63
Net Cash Flow 5-1112-717-2446-5-36
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)13.8615.8212.995.274.836.749.6512.6812.212.06
ROCE (%)13.7915.0711.37.046.487.697.9812.613.6515.13
Asset Turnover Ratio0.210.250.220.180.180.250.220.360.350.45
PAT to CFO Conversion(x)0.89-1.38-4.54-0.556.48-1.391.882.120.030.4
Working Capital Days
Receivable Days116.40152.30177.20213.30205.10167.7016991.20131.30123.90
Inventory Days936.10737.30826.801,043.201,021.80733.90920.60608605.60466.50
Payable Days86.6094.40106.8093.9065.104664.104050.1035.10

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Ajmera Realty & Infra India Ltd FAQs

The current trading price of Ajmera Realty&Infra on 18-Sep-2026 16:59 is ₹115.6.

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 17-Sep-2026 the market cap of Ajmera Realty&Infra stood at ₹2,275 Cr

The latest P/E ratio of Ajmera Realty&Infra as of 17-Sep-2026 is 19.54.

The latest P/B ratio of Ajmera Realty&Infra as of 17-Sep-2026 is 1.85.

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 ₹656 ( 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 Semi Strong which suggest that the price of Ajmera Realty & Infra India Ltd is likely to Rise-somewhat 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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