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Ajmera Realty & Infra India Ltd
(AJMERA)
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Rating:61Neutral
Price Target:
₹131.00
▼(-86.95% Downside)
Action:Reiterated
Date:06/16/26
The score is primarily held back by weak/volatile cash flow despite strong FY2026 revenue and earnings momentum and improving leverage. Technicals are mixed with a positive short-to-mid-term trend but a weaker long-term trend and negative MACD. Valuation appears reasonable on P/E, though the dividend yield is low.
Positive Factors
Revenue & Earnings Momentum
Sustained revenue acceleration and rising net income indicate improving demand realization and project execution. Over the next 2–6 months this momentum supports recurring project pipelines, improves operating leverage potential, and underpins durable earnings capacity if new sales and collections hold.
Negative Factors
Weak Cash Generation
Recent negative operating and free cash flow highlight working-capital and project timing stress. Persistent or recurring cash outflows would force greater reliance on external funding, increasing financing costs and execution risk on ongoing developments over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Earnings Momentum
Sustained revenue acceleration and rising net income indicate improving demand realization and project execution. Over the next 2–6 months this momentum supports recurring project pipelines, improves operating leverage potential, and underpins durable earnings capacity if new sales and collections hold.
Read all positive factors
Ajmera Realty & Infra India Ltd (AJMERA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.48B
Dividend Yield0.47%
Average Volume (3M)3.17K
Price to Earnings (P/E)17.7
Beta (1Y)2.03
Revenue Growth47.76%
EPS Growth12.24%
CountryIN
Employees305
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)7.62
Shares Outstanding196,795,650
10 Day Avg. Volume2,920
30 Day Avg. Volume3,173
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)1.41
Price to Sales (P/S)1.80
P/FCF Ratio-54.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ajmera Realty & Infra India Ltd Business Overview & Revenue Model
Company Description
Ajmera Realty & Infra India Limited, alongside its associated companies, is active in the property development industry across India, the United Kingdom, and Bahrain. The firm's operations include both residential and commercial construction under...
How the Company Makes Money
Ajmera Realty & Infra India Ltd primarily makes money by developing real estate projects and monetizing them through the sale of residential and/or commercial units. Key revenue streams typically include: (1) Revenue from sale of properties/units:...
Ajmera Realty & Infra India Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.90B | 7.38B | 7.00B | 4.31B | 4.83B |
| Gross Profit | 3.58B | 2.70B | 3.56B | 1.42B | 2.03B |
| EBITDA | 3.06B | 2.31B | 2.09B | 1.34B | 1.23B |
| Net Income | 1.50B | 1.26B | 1.03B | 715.00M | 453.86M |
Balance Sheet | |||||
| Total Assets | 25.94B | 22.55B | 19.63B | 19.22B | 20.18B |
| Cash, Cash Equivalents and Short-Term Investments | 1.16B | 1.33B | 1.27B | 492.97M | 374.80M |
| Total Debt | 7.11B | 6.76B | 8.08B | 8.44B | 9.95B |
| Total Liabilities | 10.75B | 9.31B | 9.70B | 10.28B | 12.07B |
| Stockholders Equity | 13.98B | 12.07B | 8.66B | 7.74B | 7.10B |
Cash Flow | |||||
| Free Cash Flow | -359.60M | 19.20M | 2.17B | 1.33B | -659.81M |
| Operating Cash Flow | -71.90M | 75.30M | 2.20B | 1.37B | -636.12M |
| Investing Cash Flow | -456.00M | 28.50M | -717.46M | -469.70M | 285.43M |
| Financing Cash Flow | 171.80M | -153.90M | -973.22M | -861.50M | 332.56M |
Ajmera Realty & Infra India Ltd Technical Analysis
Positive
1004.20
Price Trends
125.90
Positive
124.50
Positive
158.02
Negative
Market Momentum
1.73
Positive
54.95
Neutral
43.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AJMERA, the sentiment is Positive. The current price of 1004.2 is above the 20-day moving average (MA) of 132.91, above the 50-day MA of 125.90, and above the 200-day MA of 158.02, indicating a neutral trend. The MACD of 1.73 indicates Positive momentum. The RSI at 54.95 is Neutral, neither overbought nor oversold. The STOCH value of 43.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AJMERA.
Ajmera Realty & Infra India Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹37.77B | 31.25 | ― | 0.85% | 116.20% | 552.90% | |
61 Neutral | ₹26.48B | 17.68 | ― | 0.47% | 47.76% | 12.24% | |
61 Neutral | ₹28.15B | 28.58 | ― | 0.98% | -20.92% | -11.72% | |
61 Neutral | ₹29.47B | 19.19 | ― | ― | 57.54% | 178.72% | |
59 Neutral | ₹27.69B | 12.41 | ― | 0.19% | -14.48% | -9.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹32.67B | -79.50 | ― | 1.01% | -57.20% | -133.23% |
* General Sector Average
IN:AJMERA
Ajmera Realty & Infra India Ltd
134.55
-44.70
-24.94%
IN:ARVSMART
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IN:ASHIANA
Ashiana Housing Limited
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IN:KOLTEPATIL
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IN:MARATHON
Marathon Nextgen Realty Limited
410.70
-327.99
-44.40%
Ajmera Realty & Infra India Ltd Corporate Events
CRISIL Assigns CRISIL A-/Stable Rating to Ajmera Realty’s Rs 500 Crore Bank Facilities
Apr 23, 2026
Ajmera Realty Infra India Ltd has received a long-term bank loan rating of CRISIL A-/Stable from CRISIL Ratings for its Rs 500 crore bank facilities. The rating will remain valid until September 30, 2026, and will be kept under continuous surveil...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.