MarketFriction

Ajmera Realty & Infra India Ltd

NSE AJMERA · BSE 513349 · Residential, Commercial Projects
₹119.60 +0.72%
NSE close2026-10-01
52 week range98.03 - 221.40
Market cap₹2,363 Cr.
P/E15.3
Price band 20% Delivery 47.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales145207232194200193151258219182431317
Expenses108147166129140130108180161127324226
Operating Profit3860666460634378585510791
OPM %26%29%29%33%30%32%29%30%26%30%25%29%
Other Income222246212233
Interest102128231824122117142230
Depreciation010111111112
Profit before tax294140434745335743428762
Tax %22%26%26%24%22%26%27%31%27%33%33%28%
Net Profit233029333633243931285945
EPS in Rs1.271.721.621.771.951.721.281.951.541.302.832.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3162773703823443474834317007381,0901,149
Expenses233170231254240251366307499507792838
Operating Profit8310713812710595116124201231299311
OPM %26%39%37%33%30%28%24%29%29%31%27%27%
Other Income914171965610815810
Interest313646506658593669767383
Depreciation223222222345
Profit before tax59831069443416296139167229234
Tax %22%21%21%19%23%23%25%26%25%24%31%
Net Profit4666847633314672104126157163
EPS in Rs2.393.674.644.241.841.702.564.035.806.407.617.86
Dividend Payout %21%16%14%16%15%16%18%15%14%14%13%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%26%36%43%
Compounded Profit Growth13%38%28%16%
Stock Price CAGR17%12%19%-39%
Return on Equity10%11%12%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital353535353535353535353939
Reserves3804144695275766036296747388301,1671,359
Borrowings268334445515863968775868843808676711
Other Liabilities492478466458406365457441305290372484
Total Liabilities1,1761,2611,4161,5361,8801,9721,8972,0181,9221,9632,2542,594
Fixed Assets7472706971766666697177106
CWIP000000000000
Investments393922248667502566110124120
Other Assets1,0631,1501,3251,4431,7221,8291,7811,9281,7871,7822,0532,368
Total Assets1,1761,2611,4161,5361,8801,9721,8972,0181,9221,9632,2542,594
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-6811959-116-345-18201-64135220869
Cash from Investing Activity-10-914-4-511-929-45-76-12-48
Cash from Financing Activity59-98-69109363-1-17533-86-97-1-56
Net Cash Flow-19115-1112-717-2446-5-36
Free Cash Flow-6611955-120-350-25179-66131217240
CFO/OP-137%159%72%-68%-258%-8%220%-41%128%127%21%47%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days4154171176184223189200116112156142
Inventory Days18,07114,0068,244
Days Payable8421,090378
Cash Conversion Cycle415417,40013,0931842231892001161128,022142
Working Capital Days1,3326886938181,1011,1841,0538501,112699727591
ROCE %6%11%13%14%11%7%6%8%8%12%13%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.74%69.74%74.20%74.20%74.20%68.23%68.23%68.23%68.23%68.23%68.23%68.56%
FIIs0.04%0.02%0.29%0.19%0.32%0.98%0.65%0.48%0.78%0.53%0.78%0.95%
DIIs1.59%1.77%2.11%2.11%1.96%1.76%2.30%1.74%1.22%1.21%1.13%0.82%
Public28.64%28.47%23.41%23.51%23.52%29.03%28.81%29.55%29.77%30.04%29.87%29.69%
No. of Shareholders24,21424,82425,18827,50628,29627,57227,21727,78427,59627,29925,01327,336

Fundamentals

Market Cap₹ 2,363 Cr.
Current Price₹ 120
Stock P/E15.3
Book Value₹ 71.1
ROCE14.3 %
ROE11.5 %
Dividend Yield0.83 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)43%
Compounded Profit Growth (TTM)16%
Consolidated figures.
Valuation
Market capRs 2,354 Cr
Enterprise valueRs 2,978 Cr
P/E (TTM)15.23x
Price to book1.68x
Price to sales2.05x
EV / EBITDA9.27x
EV / EBIT9.42x
EV / sales2.59x
Price to cash flow34.30x
Earnings yield6.57%
Dividend yield0.84%
P/E, 3-year average15.32x
P/B, 3-year average1.63x
P/E, 5-year average10.67x
P/B, 5-year average1.09x
Profitability
Operating margin (excl. other income)27.39%
Operating margin (incl. other income)28.09%
EBITDA margin27.95%
Pre-tax margin20.34%
Net profit margin13.45%
Net margin, latest quarter13.58%
ROE11.50%
ROCE15.13%
ROA6.18%
ROE, 3-year average12.07%
ROCE, 3-year average13.79%
ROA, 3-year average5.82%
ROE, 5-year average10.49%
ROCE, 5-year average11.54%
ROA, 5-year average4.68%
ROIC (approx.)10.73%
Tax rate31.36%
Other income / net worth0.55%
Growth
Sales growth (latest year)47.75%
Profit growth (latest year)18.94%
Sales CAGR, 3 years36.25%
Sales CAGR, 5 years25.75%
Profit CAGR, 3 years27.96%
Profit CAGR, 5 years37.77%
Sales growth QoQ-26.48%
Profit growth QoQ-22.55%
Sales growth YoY (latest quarter)22.65%
Profit growth YoY (latest quarter)12.49%
Per share
EPS (TTM)Rs 7.85
EPS (latest year)Rs 7.61
EPS (latest quarter)Rs 2.19
EPS, 3-year averageRs 14.33
EPS, 5-year averageRs 15.19
Book value per shareRs 71.06
Sales per shareRs 58.38
Cash flow per shareRs 3.49
Free cash flow per shareRs 2.03
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.97
Dividend per share, 5-year averageRs 2.23
Dividends
Dividend payout13.14%
Dividend payout, 3-year average13.67%
Dividend payout, 5-year average14.69%
Efficiency
Asset turnover0.42x
Fixed asset turnover10.31x
Inventory turnover0.40x
Inventory days906 days
Debtor days142 days
Debtors turnover2.57x
Creditor days378 days
Cash conversion cycle142 days
Working capital days591 days
Leverage
Total debtRs 711 Cr
Cash and bankRs 87 Cr
Net debtRs 624 Cr
Debt to equity0.51x
Net debt / EBITDA1.94x
Interest coverage3.83x
Current ratio (filing 2026-03-31)6.28x
Quick ratio (filing 2026-03-31)2.08x
Trade payables (filing 2026-03-31)Rs 57 Cr
Owners' fund to total sources53.92%
Debt to assets27.42%
Cash flow
Cash from Operating Activity (latest year)Rs 69 Cr
Cash from Investing Activity (latest year)Rs -48 Cr
Cash from Financing Activity (latest year)Rs -56 Cr
Net Cash Flow (latest year)Rs -36 Cr
Free cash flow (latest year)Rs 40 Cr
FCFE (approx.: FCF + change in debt)Rs 75 Cr
Cash from ops / profit, 5 years0.73x
Sales to cash flow15.89x
Statement figures
Net sales (TTM)Rs 1,149 Cr
Net sales (latest year)Rs 1,090 Cr
Sales (latest quarter)Rs 317 Cr
Operating profit excl. other income (latest year)Rs 299 Cr
Operating profit (latest quarter)Rs 91 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 321 Cr
PBDT (TTM)Rs 239 Cr
Profit before tax (TTM)Rs 234 Cr
Tax (latest year)Rs 72 Cr
Net profit (TTM)Rs 155 Cr
Net profit (latest year)Rs 150 Cr
Net profit (latest quarter)Rs 43 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 83 Cr
Cost of goods sold (latest year)Rs 602 Cr
Total expenditure (latest year)Rs 792 Cr
Total income (latest year)Rs 1,098 Cr
Share capitalRs 39 Cr
ReservesRs 1,359 Cr
Shareholders' fundsRs 1,398 Cr
Total assetsRs 2,594 Cr
Net blockRs 106 Cr
InvestmentsRs 120 Cr
ReceivablesRs 424 Cr
InventoryRs 1,495 Cr
Other liabilitiesRs 484 Cr
Shares outstanding (crore)19.68
Ownership
Promoter holding68.56% (+0.33 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.2 is at the 36th percentile of its own 9.4-year range (median 20.4, low 3.4, high 56.8).
P/B 1.68 is at the 49th percentile (median 1.71).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAJMERANifty 50Difference
1 week-0.8%-2.8% +2.0 pts
1 month+3.4%-6.8% +10.2 pts
3 months-12.3%-7.6% -4.6 pts
6 months+19.6%+0.4% +19.2 pts
1 year-42.1%-9.9% -32.1 pts
2 years-15.2%-13.6% -1.7 pts
3 years+57.4%+14.2% +43.2 pts
5 years+68.0%+27.9% +40.1 pts

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-25: Ajmera Realty & Infra India Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹317 Cr +22.9% vs Jun 2025. Net profit ₹45 Cr +15.4%.
Against our estimate for Jun 2026: sales -23.2%, profit -25.5% miss. Our estimate for Sep 2026: sales Rs 350 Cr, profit Rs 50 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-16Dividend - Re 1 Per Share
2026-01-14Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2025-09-02Dividend - Rs 4.50 Per Share
2024-08-02Dividend - Rs 4 Per Share
2024-08-02Demerger
2023-08-04Dividend - Rs 3 Per Share
2022-08-11Dividend - Rs 2.25 Per Share
2021-09-08 Dividend - Rs 1.40 Per Share
2021-09-08 Annual General Meeting
2020-09-24 Annual General Meeting/Dividend - Rs 1.40 Per Share
2019-09-24 Annual General Meeting/Dividend - Rs 3.3 Per Share
2018-09-14 Annual General Meeting/Dividend Rs 3.30 Per Share
2017-09-21 Annual General Meeting/Dividend - Rs 3/- Per Share (Book Closure Date Revised)
2016-08-18 Annual General Meeting/ Dividend - Re 0.80/- Per Share
2016-03-16 Interim Dividend - Rs 1.70/- Per Share (Purpose Revised)
2015-09-16 Annual General Meeting/ Dividend - Rs 1.70 Per Share (Purpose Revised)
2014-09-18Annual General Meeting / Dividend - Re 1.50/- Per Share
2013-09-19Annual General Meeting / Dividend Rs.1.50 Per Share
2012-09-20Annual General Meeting/Dividend Rs.1.70 Per Share
2011-09-22Annual General Meeting And Dividend Rs.1.40 Per Share
2010-09-21Annual General Meeting And Dividend Rs.1.10 Per Share
2009-09-22Agm/Div-Rs.1.10 Per Share
DateTypeWhat it says
2026-09-24Shareholder meetingVoting results.
2026-09-23Shareholder meetingSummary of Proceedings of the 39th Annual General Meeting of the Company held on September 23, 2026.
2026-09-23Shareholder meetingSummary of proceedings of 39th Annual General Meeting held on September 23, 2026.
2026-09-18Concall / analyst meetIntimation of Schedule of Analyst/Institutional Investor Meeting under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-09-10Board meeting outcomeOutcome of Board Meeting held on September 10, 2026 for consideration and approval of the proposal for Issuance of Non-Convertible Debentures (NCDs) /...
2026-09-01General UpdatesThe Company has acquired 51% stake into Step Down Subsidiary through its Wholly Owned Subsidiary Company.
2026-08-28General UpdatesPursuant to Regulation 36(1)(b) of SEBI LODR Regulations, 2015, letters providing weblink of the Integrated Annual Report for FY 25-26
2026-08-26UpdatesCommunication To Shareholders - Intimation On Tax Deduction On Dividend.
2026-08-26Concall / analyst meetIntimation of Schedule of Analyst/Institutional Investor Meeting under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-08-26Record DateRecord date for the purpose of Dividend is 16-Sep-2026.
2026-08-26Shareholder meetingNotice of Annual General Meeting to be held on September 23, 2026
2026-08-07Concall / analyst meetTranscript of Earnings Call held on August 4, 2026 for the quarter ended June 30, 2026
2026-08-05Concall / analyst meetIntimation of Schedule of Analyst/Institutional Investor Meeting under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-08-05Concall / analyst meetIntimation of Schedule of Analyst/Institutional Investor Meeting under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-08-05Credit RatingCredit Rating
2026-08-04Concall / analyst meetAudio Link of Earnings call held on August 04, 2026 for the quarter ended June 30, 2026.
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "Ajmera Realty reports 23% YoY revenue growth in Q1 FY27; Debt to Equity Ratio further improved to 0.47x...
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Change in ManagementChange in Senior Managerial Personnels
2026-08-04Director changeChange in Director(s) of the company.
2026-08-04Board meeting outcomeAjmera Realty & Infra India Limited has submitted to the Exchange, the un-audited financial results for the quarter ended June 30, 2026.
2026-07-27Concall / analyst meetIntimation for Earnings Call scheduled to be held on August 04, 2026 for discussion on Un-Audited Standalone and Consolidated Financial Results for th...
2026-07-16Press ReleaseOperations Update for the quarter ended June 30, 2026, titled "Ajmera Realty reports sales value and collections of INR 146 crore and INR 173 crore re...
2026-07-10General UpdatesDisinvestment of entire shareholding of 36% in Ultra tech property developers private limited - Associate Company of the Company.
2026-07-09Reply to Clarification- FinaThe Exchange had sought clarification from Ajmera Realty & Infra India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Ajmera Realty & Infra India Ltd?

Ajmera Realty & Infra India Ltd (AJMERA) has a market capitalisation of Rs 2,363 Cr. at the 2026-10-01 close.

What is the P/E ratio of Ajmera Realty & Infra India Ltd?

Ajmera Realty & Infra India Ltd trades at a P/E of 15.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Ajmera Realty & Infra India Ltd's latest quarterly results?

In the Jun 2026 quarter, Ajmera Realty & Infra India Ltd sales was Rs 317 Cr (+22.9% vs Jun 2025) and net profit was Rs 45 Cr.

What is the 52-week high and low of Ajmera Realty & Infra India Ltd?

The 52-week high is Rs 221.40 and the 52-week low is Rs 98.03.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03