Ajmera Realty & Infra India Ltd
AJMERAAjmera Realty & Infra India Ltd
AJMERAPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
27.24 | 3.46 | 0.41% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
61.88 | 4.12 | 0.73% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Ajmera Realty & Infra India Limited is engaged in real estate activities. The Company's segments include Construction and Renewable Energy.
Investor Presentation
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Compare with peersDLF Ltd
Macrotech Developers Ltd
Godrej Properties Ltd
Oberoi Realty Ltd
Prestige Estates Projects Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 325.14 | 291.96 | 386.83 | 401.01 | 350.61 | 351.79 | 489.11 | 440.63 | 707.83 | 842.94 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 581.29 | ||||||||||
Power & Fuel Cost | 0.00 | 1.90 | 2.80 | 2.74 | 2.84 | 2.15 | 2.83 | 0.00 | 0.00 | |||||||||||
Employee Cost | 0.00 | 18.56 | 28.44 | 25.68 | 26.70 | 25.57 | 27.82 | 17.92 | 41.14 | |||||||||||
Selling & Administrative Expenses | 59.24 | 39.78 | 21.53 | 37.84 | 44.30 | 48.85 | 57.94 | 59.26 | 112.57 | |||||||||||
Operating & Other expenses | 173.84 | 110.27 | 178.51 | 188.13 | 166.09 | 174.73 | 277.93 | 229.49 | 345.07 | |||||||||||
EBITDA | 92.06 | 121.45 | 155.55 | 146.62 | 110.68 | 100.49 | 122.59 | 133.96 | 209.05 | 261.65 | ||||||||||
Depreciation/Amortization | 2.43 | 1.96 | 2.75 | 2.41 | 2.17 | 1.78 | 1.68 | 1.50 | 1.71 | 2.49 | ||||||||||
PBIT | 89.63 | 119.49 | 152.80 | 144.21 | 108.51 | 98.71 | 120.91 | 132.46 | 207.34 | 259.16 | ||||||||||
Interest & Other Items | 31.00 | 36.28 | 46.32 | 50.27 | 65.85 | 57.71 | 59.18 | 36.27 | 68.53 | 89.31 | ||||||||||
PBT | 58.63 | 83.21 | 106.48 | 93.94 | 42.66 | 41.00 | 61.73 | 96.19 | 138.81 | 169.85 | ||||||||||
Taxes & Other Items | 16.23 | 18.04 | 24.20 | 18.72 | 9.96 | 10.82 | 16.34 | 24.69 | 35.97 | 43.82 | ||||||||||
Net Income | 42.40 | 65.17 | 82.28 | 75.22 | 32.70 | 30.18 | 45.39 | 71.50 | 102.84 | 126.03 | ||||||||||
EPS | 11.95 | 18.37 | 23.19 | 21.20 | 9.22 | 8.51 | 12.79 | 20.15 | 28.98 | 35.52 | ||||||||||
DPS | 2.50 | 3.00 | 3.30 | 3.30 | 1.40 | 1.40 | 2.25 | 3.00 | 4.00 | 4.00 | ||||||||||
Payout ratio | 0.21 | 0.16 | 0.14 | 0.16 | 0.15 | 0.16 | 0.18 | 0.15 | 0.14 | 0.11 |
Company Updates
Peers & Comparison
Real EstateReal Estate
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Ajmera Realty & Infra India Ltd | 33.38 | 3.46 | 0.41% |
DLF Ltd | 71.34 | 4.93 | 0.64% |
Macrotech Developers Ltd | 75.28 | 6.65 | 0.19% |
Godrej Properties Ltd | 102.95 | 7.25 | — |
Price Comparison
Compare AJMERA with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 1.23%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
AJMERA has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.06 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 2, 2024
Dividend/Share
₹4.00
Ex DateEx Date
Aug 2, 2024
Cash Dividend
Ex DateEx DateAug 4, 2023
Dividend/Share
₹3.00
Ex DateEx Date
Aug 4, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹2.25
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateSep 8, 2021
Dividend/Share
₹1.40
Ex DateEx Date
Sep 8, 2021
Cash Dividend
Ex DateEx DateSep 24, 2020
Dividend/Share
₹1.40
Ex DateEx Date
Sep 24, 2020
EBITDA improved by 62% YoY to Rs 64.6 crore during the period under review. EBITDA margin was 32% in Q2 FY25 as against 27% in Q2 FY24. Finance costs increased by 69% to Rs 17.5 crore in Q2 FY25 from Rs 10.4 crore in Q2 FY24. Profit before tax in Q2 FY25 stood at Rs 46.5 crore, up by 59% from Rs 29.3 crore posted in Q2 FY24. The company's sales volume for the second quarter was 1,14,046 square feet, down 6% YoY. Sales value and collections were Rs 254 crore (up 1% YoY) and Rs 133 crore (up 20% YoY), respectively. The company has on boarded marquee investors in its equity raise of Rs 225 crore on preferential allotment basis and successfully closed its maiden private equity deal with domestic institutional investor. Dhaval Ajmera, director ' Ajmera Realty & Infra India, said: 'The company remains steadfast on its growth trajectory, delivering impressive results that reflect our strategic initiatives. We are happy to increase the equity through preferential allotment which is testimony of the growth potential of the company from the investors who are strategically aligned with our objectives. A robust pipeline comprising seven projects with a gross development value of Rs 4,270 crore is set to launch, positioning the second half of FY25 for significant optimism and value creation. These developments collectively enhance the company's prospects and stakeholder value.' Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment. Powered by Capital Market - Live
Net profit of Ajmera Realty & Infra India rose 56.90% to Rs 35.35 crore in the quarter ended September 2024 as against Rs 22.53 crore during the previous quarter ended September 2023. Sales rose 37.58% to Rs 199.96 crore in the quarter ended September 2024 as against Rs 145.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales199.96145.34 38 OPM %30.2125.95 - PBDT47.0429.58 59 PBT46.5329.27 59 NP35.3522.53 57 Powered by Capital Market - Live
Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live
Ajmera Realty & Infra India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 November 2024 .Powered by Capital Market - Live
Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live
The domestic equity benchmarks traded with modest gains in morning trade as RBI kept interest rate unchanged. The Nifty traded above the 25,100 level. Realty shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex rose 307.11 points or 0.38% to 81,941.92. The Nifty 50 index added 102.80 points or 0.41% to 25,115.95 The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 1.16% and the S&P BSE Small-Cap index jumped 1.48%. The market breadth was strong. On the BSE, 2,834 shares rose and 744 shares fell. A total of 139 shares were unchanged. RBI Policy Outcome: Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) has decided to keep interest rates unchanged, aligning with market expectations, while shifting its policy stance from withdrawal of accommodation to neutral. The MPC voted by a 5:1 majority to maintain the policy repo rate at 6.5%. The RBI also retained its GDP growth target for FY25 at 7.2%. However, Consumer Price Index (CPI) inflation for September is expected to rise significantly due to unfavorable base effects and increasing food prices, according to the governor. Buzzing Index: The Nifty Realty index gained 2.46% to 1,055.30. The index rallied 3.44% in two consecutive trading sessions. Phoenix Mills (up 4.55%), Macrotech Developers (up 3.59%), Mahindra Lifespace Developers (up 2.29%), Prestige Estates Projects (up 1.68%), Oberoi Realty (up 1.63%), Brigade Enterprises (up 1.4%), DLF (up 0.65%), Godrej Properties (up 0.11%) advanced. Stocks in Spotlight: Ajmera Realty & Infra India rallied 3.06% after the company reported collections of Rs 133 crore in Q2 FY25, up by 20% from Rs 111 crore recorded in Q2 FY24. IRB Infrastructure Developers advanced 1.97% after the company's toll collection jumped 19% to Rs 502 crore in September 2024 as against Rs 421 crore posted in September 2023. Indian Railway Finance Corporation (IRFC) gained 1.55% after its board has approved financing up to Rs 700 crore under finance lease for 20 BOBR rakes procured under the General-Purpose Wagon Investment Scheme (GPWIS) of the Ministry of Railways for NTPC. The Board also appointed Ajoy Choudhury as Chief Risk Officer for a fixed tenure of two years. Powered by Capital Market - Live
As compared with Q1 FY25, however, the collections are lower by 20%. The company has sold a total carpet area of 1,14,046 square feet, down 6% YoY and down 13% YoY. This translated to a sales value of Rs 254 crore, up 1% YoY but down 17% QoQ. Dhaval Ajmera, director, Ajmera Realty & Infra India, said: In Q2 FY25, we have achieved a stable performance with sales contributions coming from across our diverse portfolio. Ajmera Vihara, launched last quarter is already 49% sold, showcasing our ability to meet market expectations effectively. Ajmera Manhattan and Ajmera Prive sustenance sales achieved about 24% each in the quarter out of its available inventory. Along with this, the first phase of Ajmera Greenfinity is fully sold out. Our strategy to sale preleased units at Ajmera Nucleus, commercial project in Bengaluru achieved about 29% sales in the quarter out of its available inventory. On the strength of sales from the existing projects with several launches scheduled in the second half of FY25 during the festive season, we are confident in achieving our annual guidance and progressing towards our ambitious growth strategy. The positive sector outlook, supported by favorable regulations aimed at enhancing transparency and accountability, favors established players like us. Ajmera Realty & Infra India has a PAN India presence along with an international presence. The company is focused on premium developments in luxury and mid-luxury projects in the residential segment. The company has a huge development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala and Central Mumbai. The company's consolidated net profit jumped 51.83% to Rs 32.75 crore during the quarter as compared with Rs 21.57 crore posted in sane quarter last year. Revenue from operations increased to Rs 193.75 crore in Q1 FY25 as compared with Rs 116.05 crore in Q1 FY24, registering the growth of 66.94%. Powered by Capital Market - Live
Revenue from operations increased to Rs 193.75 crore in Q1 FY25 as compared with Rs 116.05 crore in Q1 FY24, registering the growth of 66.94%. Profit before tax (PBT) jumped 47.31% YoY to Rs 42.94 crore in Q1 FY25. During the quarter, EBITDA stood at Rs 67 crore, up 72% as compared with Rs 39 crore in Q1 FY24. EBITDA margin expanded by 110 bps to 34% in Q1 FY25 as against 32.9% in Q1 FY24. During the quarter, sales volume declined 3% to 1,30,801 square foot (Sq.ft) while sales value jumped 36% YoY to Rs 306 crore and collections stood at Rs 165 crore, up 49% YoY. Dhaval Ajmera, director, Ajmera Realty & Infra India, said, 'In Q1 FY25, Ajmera Realty continued its robust growth momentum with a stellar performance across all financial metrics, driven by strong sales growth and excellent collection efficiencies across all projects. This growth trajectory is a testament to the company's coveted launch pipeline and paves the way further towards our fullyear guidance. Given the powerful tailwinds fanning buoyancy in demand across the sector, along with favorable government policies boosting domestic sales and inclination from NRIs and overseas institutional investors, the industry is witnessing an active growth fuelled by end-users driven demand. We are banking on this opportunity and look forward to leveraging this to drive high-octane growth for the company. With an estimated Gross Development Value (GDV) of about Rs 4,270 crore spread across 7 projects, we are bullish about achieving our goals and look forward to a promising year ahead.' Ajmera Realty & Infra India has a PAN India presence along with an international presence. The company is focused on premium developments in luxury and mid-luxury projects in the residential segment. The company has a huge development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala and Central Mumbai.Powered by Capital Market - Live
Net profit of Ajmera Realty & Infra India rose 49.17% to Rs 31.43 crore in the quarter ended June 2024 as against Rs 21.07 crore during the previous quarter ended June 2023. Sales rose 66.94% to Rs 193.73 crore in the quarter ended June 2024 as against Rs 116.05 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales193.73116.05 67 OPM %33.2032.06 - PBDT43.8129.45 49 PBT42.9429.15 47 NP31.4321.07 49 Powered by Capital Market - Live
Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 12.04%, vs industry avg of 3.63%
Increasing Market Share
Over the last 5 years, market share increased from 0.59% to 0.79%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 6.45%, vs industry avg of 14.25%