AJR Infra and Tolling Ltd Stock Analysis

BSE: 532959 | NSE: AJRINFRA | Engineering - Construction | Small Cap

BSE Share Price 25-Nov-2022 18:01
1.46 0.03 (2.10%)

DeciZen - Make an Informed Decision on AJR Infra and Toll

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

AJR Infra and Toll Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
137.5 Cr.
52-wk low :
1.3
52-wk high :
3.6
Bole Toh?

1. Is AJR Infra and Tolling Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that AJR Infra and Tolling Ltd is a below average quality company.

2. Is AJR Infra and Tolling Ltd undervalued or overvalued?

The key valuation ratios of AJR Infra and Tolling Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is AJR Infra and Tolling Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of AJR Infra and Tolling Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of AJR Infra and Toll:

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.
AJR Infra and Tolling 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'12Mar'13Dec'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.2%6.3%1.9%-2.5%7.6%2.9%2.8%-0.4%0.8%0.9%-
Value Creation Index -0.5-0.6-0.9-1.2-0.5-0.8-0.8-1.0-1.0-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10312410510826919015122.90.80.60
YoY Gr. Rt. %-20.7%-15.3%3%147.8%-29.4%-20.6%-84.8%-96.3%-25%-
Adj EPS 0.50.4-0.3-10.20.10.2-0.2-0.10.1-5.9
YoY Gr. Rt. %--17.3%-160.5%NANA-33.3%7.1%-240%NANA-
BVPS (₹) 8.28.811.511.66.49.89.99.199.13.2
Adj Net Profit 38.931.9-19.2-92.619.913.414.2-19.7-11.56.1-557
Cash Flow from Ops. 71.7159385-90.1107-73.6-109-11.62-1.4-
Debt/CF from Ops. 2.53.42-7.51.3-2-1.3-12.972.2-101.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -43.2%-70.2%-83.9%-25%
Adj EPS -20%-19.7%-22.4%NA
BVPS 1.17.3-2.90.8
Share Price -19.8% -14% 64.2% -7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Dec'13Sep'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 6.55.1-2.3-9.63.51.51.5-2.2-1.30.7-96.8
Op. Profit Mgn % 64.867.943.425.816.68.710.8-37.1-1587-637.10
Net Profit Mgn % 37.825.7-18.2-85.37.479.4-85.8-1367.4980.80
Debt to Equity 0.30.80.90.60.20.20.20.20.20.20
Working Cap Days 1,1101,5743,6273,68843539564810,4845,33,3848,18,0630
Cash Conv. Cycle 353033-26-37-90-79-2965,48311,7540

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -50.00%

Latest Financials - AJR Infra and Tolling Ltd.

Standalone Consolidated
TTM EPS (₹) -5.9 -9.8
TTM Sales (₹ Cr.) 0 178
BVPS (₹.) 3.2 -8.2
Reserves (₹ Cr.) 108 -961
P/BV 0.46 -0.18
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.27 / 3.64
All Time Low / High (₹) 0.22 / 34.97
Market Cap (₹ Cr.) 138
Equity (₹ Cr.) 188.4
Face Value (₹) 2
Industry PE 27

Management X-Ray of AJR Infra and Toll :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of AJR Infra and Toll

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

AJR Infra and Tolling Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of AJR Infra and Toll on 25-Nov-2022 18:01 is : 1.46.
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 25-Nov-2022 18:01 the market cap of AJR Infra and Toll stood at ₹ 137.5.
The latest PE ratio of AJR Infra and Toll as of 25-Nov-2022 18:01 is 0.00.
The latest PB ratio of AJR Infra and Toll as of 25-Nov-2022 18:01 is 0.46
The 52-week high of AJR Infra and Toll is ₹ 3.64 and the 52-week low is ₹ 1.27.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of AJR Infra and Toll is ₹ 0.00 ( Cr.) .

About AJR Infra and Tolling Ltd

Gammon Infrastructure Projects Limited ('GIPL') is an infrastructure project development company incorporated on April 23, 2001  by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ('PPP') basis.

GIPL is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.Today, GIPL leads Gammon Group's forays into development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, HydroPower, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.

Its promoter is Gammon India Limited, which is a leading civil engineering and construction company in India, with over 85 years of experience in this sector. Gammon India Limited was established by the late J. C. Gammon in 1919 as a firm of Civil Engineers & Contractors, which in 1922 was incorporated as a company under the name of J. C. Gammon (Bombay) Ltd.

The company is modelled as a project developer company, which invests in SPVs for infrastructure projects. It also,presently, handle O&M contracts directly in the road sector.It operate as an overall infrastructure holding company with interests in SPVs responsible for carrying on specific projects being undertaken by us. Currently, there are four SPVs in operation. Such SPVs include its subsidiaries and companies formed with other partners where it do not hold a majority share.

GIPL is present in the following areas of Infrastructure development:

  • Project Development
  • Project Advisory
  • Sector Specific Operations & Maintenance

Projects undertaken : GIPL'S current portfolio of projects includes:

  • Adityapur SEZ Limited
  • Andhra Expressway Limited (AEL)
  • Cochin Bridge Infrastructure Company Limited (CBICL)
  • Gorakhpur Infrastructure Company Limited (GICL)
  •  Haryana Biomass Power Limited (HBPL)
  •  Indira Container Terminal Private limited (ICTPL)
  •  Kosi Bridge Infrastructure Company Limited (KBICL)
  •  Mumbai Nasik Expressway Limited (MNEL)
  •  Pravara Co-Generation Power Project
  •  Punjab Biomass Power Limited (PBPL)
  •  Rajahmundry Expressway Limited (REL)
  •  Sikkim Hydro Power Ventures Limited (SHPVL)
  •  Tidong Hydro Power Limited (THPL)
  •  Vizag Seaport Private Limited (VSPL)

Milestones Achievement

  • 3-Dec-07 - License Agreement signed for Indira Container Terminal PrivateLimited
  • 8-Aug-07 - Letter of Intent received for Mumbai Offshore Container Terminal
  • 14-Jun-07 - Letter of Intent received for Adityapur SEZ
  • 11-May-07 - Financial Closure achieved for Gorakhpur Infrastructure Company Limited
  • 28-Apr-07 - Financial Closure achieved for Kosi Bridge Infrastructure Company Limited
  • 9-Apr-07 - Letter of Intent received from government of Himachal Pradesh – Tidong
  • 22-Nov-06  - Letter of Intent received from the HAREDA
  • 6-Oct-06  - Concession Agreement signed for Kosi Bridge Infrastructure Company Limited
  • 6-Oct-06  - Concession Agreement signed for Gorakhpur Infrastructure Company Limited
  • 10-Aug-06   - Implementation cum power purchase agreement for Punjab Biomass Project Limited
  • 1-Jun-06  - Financial Closure of Mumbai Nasik Expressway
  • 19-Dec-05 - Preferential allotment of equity shares to AMIF I Ltd, Mauritius
  • 8-Dec-05 - Concession Agreement signed for Rangit II Hydroelectric project
  • 14-Oct-05  - Concession agreement signed for Mumbai Nasik Expressway
  • 31-Jan-05  - “Take or Pay” agreement signed with SAIL
  • 30-Oct-04  - COD achieved for the Dharmavaram Tuni Expressway
  • 24-Sep-04  - COD achieved for berth EQ8 at Visakhapatnam port
  • 20-Sep-04  - COD achieved for the Rajahmundry Dharmavaram Expressway
  • 20-Sep-04 - REL Final Completion Certificate
  • 15-Jul-04  - Put & Call Option agreement signed with IPS Limited
  • 28-Apr-04 - Agreement with Lastin Holdings Limited signed in relation to equity stake in VSPL
  • 13-Feb-02 - O&M Contract signed for the Rajahmundry Dharmavaram  Expressway (REL to GIL)
  • 28-Nov-01 - License obtained for 2 multipurpose berths at Visakhapatnam port
  • 30-Oct-01 - Concession Agreement signed for the Dharmavaram Tuni  Expressway
  • 30-Oct-01 - Concession Agreement signed for the Rajahmundry Dharmavaram Expressway
  • 26-Sep-01 - COD achieved for the New Matancherry Bridge
  • 23-Apr-01 - Incorporation of the Company
  • 27-Oct-99 - Concession was obtained for project on New Mattancherry bridge by entering into a Concession Agreement

Recent Development:

  • September 2010 - Gammon Infrastructure Projects achieved financial closure for a loan worth Rs 846 crore for Patna Highway Projects. The total estimated cost of the project is Rs 940 crore and the concession period of the project is 15 years including a construction period of 2.5 years.
  • June 2010 - Gammon Infrastructure Projects’ special purpose vehicle (SPV) -- Punjab Biomass Power, in which it has 50% stake, commissioned its first biomass based plant of 12 MW at Patiala and started exporting power to the state grid. The plant has been designed to use biomass fuel such as rice straw / husk and has sufficient stocks of fuel to operate till the next harvesting season, beginning from September
  • June 2010 – The company entered into a Memorandum of Agreement (MoA) for the acquisition of an entity, which is setting up a 250 MW coal based power plant in Western India. With this acquisition it will now venture into thermal power generation. It already has hydro and biomass power projects under various stages of implementation.
  • May 2010 - Gammon Infrastructure Projects’ subsidiary -- Mumbai Nasik Expressway -- started partial tolling operations at the Nasik end of the road stretch for 64 km, out of the total length of 100 km with effect from May 29, 2010.
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