Ajmera Realty & Infra India Ltd (AJMERA) AI Stock Analysis

• Market Cap: ₹39.72B
• Dividend Yield: 0.44%
• Average Volume (3M): 3.17K
• Price to Earnings (P/E): 30.7
• Beta (1Y): 1.64
• Revenue Growth: -1.25%
• EPS Growth: -5.48%
• Country: IN
• Employees: 305
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 7.72
• Shares Outstanding: 39,359,130
• 10 Day Avg. Volume: 2,920
• 30 Day Avg. Volume: 3,173
• PEG Ratio: 1.48
• Price to Book (P/B): 2.71
• Price to Sales (P/S): 4.43
• P/FCF Ratio: 1.70K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹1,129.00 ▲(11.73% Upside)

Ajmera Realty & Infra India Ltd's overall stock score is driven by strong financial performance, particularly in revenue growth and profitability, despite concerns over cash flow and leverage. Technical analysis supports a positive outlook with bullish momentum indicators. However, the high P/E ratio and low dividend yield suggest valuation concerns, which could limit future gains.

Positive Factors

Revenue Growth

The company has shown solid revenue growth with a significant increase from 2024 to 2025, indicating a strong market position and effective business model.

Profitability

Improved net profit margins reflect efficient cost management and increased profitability, enhancing long-term financial health and shareholder value.

Operational Efficiency

High EBIT and EBITDA margins demonstrate strong operational efficiency, supporting sustainable profitability and competitive advantage in the market.

Negative Factors

Cash Flow Concerns

Weakened cash flow performance poses risks to liquidity and financial stability, potentially limiting the company's ability to invest in growth opportunities.

Leverage Risks

While the debt-to-equity ratio has improved, the relatively high debt level remains a risk, potentially impacting financial flexibility and increasing vulnerability to economic downturns.

Rising Costs

A decrease in gross profit margin indicates rising costs, which could erode profitability if not managed effectively, challenging the company's cost control measures.

Ajmera Realty & Infra India Ltd Business Overview & Revenue Model

Company Description

Ajmera Realty & Infra India Ltd (AJMERA) is a prominent real estate development company based in India, primarily engaged in the development of residential, commercial, and mixed-use properties. The company operates in various sectors including residential housing, commercial complexes, and infrastructure projects. AJMERA focuses on creating sustainable and innovative living spaces, catering to diverse customer needs, and is known for its commitment to quality and timely delivery of projects.

How the Company Makes Money

Ajmera Realty generates revenue primarily through the sale and lease of residential and commercial properties. The company's revenue model is built on various key streams, including direct sales of residential units, rental income from commercial properties, and project development services. Additionally, AJMERA may engage in joint ventures and collaborations with other developers and infrastructure firms, which can provide substantial income through profit-sharing arrangements. The company's focus on strategic partnerships and its ability to navigate the real estate market effectively contribute significantly to its earnings, allowing it to capitalize on growing demand in urban areas.

Ajmera Realty & Infra India Ltd Financial Statement Overview

Summary

Ajmera Realty & Infra India Ltd demonstrates strong revenue growth and profitability, with solid margins in the income statement. The balance sheet shows an improving debt-to-equity ratio and a decent equity ratio, but leverage remains a concern. Cash flow performance has weakened, with significantly reduced operating cash flow, posing risks to financial stability. Continued focus on cash flow management and leverage reduction will be crucial for sustaining long-term growth.

Income Statement

Ajmera Realty & Infra India Ltd has shown solid revenue growth over the years, with a significant increase in total revenue from 2024 to 2025. The gross profit margin for 2025 is approximately 36.5%, indicating strong profitability. The net profit margin has improved to 17.1% in 2025, reflecting efficient cost management and increased profitability. The EBIT and EBITDA margins are also healthy, both at 31.2% in 2025, showing strong operational efficiency. However, the reduction in gross profit margin from 2024 to 2025 suggests rising cost of goods sold, which could be a concern if it continues.

Balance Sheet

The company's debt-to-equity ratio has improved, with a decrease in total debt, indicating better financial leverage management. However, the equity ratio stands at 53.5% for 2025, which is decent but suggests potential leverage risks. The return on equity (ROE) has increased to 10.4% in 2025, signaling improved profitability for shareholders. The balance sheet reflects a stable financial position, but the relatively high debt level remains a risk.

Cash Flow

Ajmera Realty & Infra India Ltd experienced a significant drop in operating cash flow in 2025 compared to 2024, which is a concern for liquidity. The free cash flow to net income ratio is positive but low at 0.015 in 2025, indicating limited cash flow generation relative to earnings. The free cash flow growth rate is negative, which could impact future investment capabilities. Overall, the cash flow position requires improvement to support growth and reduce financial pressure.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.03B	7.38B	7.00B	4.31B	4.83B	3.47B
Gross Profit	2.89B	2.70B	3.56B	1.42B	2.03B	1.71B
EBITDA	2.56B	2.31B	2.09B	1.34B	1.23B	1.00B
Net Income	1.33B	1.26B	1.03B	715.00M	453.86M	301.76M
Balance Sheet
Total Assets	0.00	22.55B	19.63B	19.22B	20.18B	18.97B
Cash, Cash Equivalents and Short-Term Investments	1.33B	1.33B	1.27B	492.97M	374.80M	438.83M
Total Debt	0.00	6.76B	8.08B	8.44B	9.95B	7.77B
Total Liabilities	-13.23B	9.31B	9.70B	10.28B	12.07B	11.31B
Stockholders Equity	13.23B	12.07B	8.66B	7.74B	7.10B	6.65B
Cash Flow
Free Cash Flow	0.00	19.20M	2.17B	1.33B	-659.81M	1.79B
Operating Cash Flow	0.00	75.30M	2.20B	1.37B	-636.12M	2.01B
Investing Cash Flow	0.00	28.50M	-717.46M	-469.70M	285.43M	-94.88M
Financing Cash Flow	0.00	-153.90M	-973.22M	-861.50M	332.56M	-1.75B

Ajmera Realty & Infra India Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1010.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1010.5 is above the 20-day moving average (MA) of 1009.39, below the 50-day MA of 1018.25, and above the 200-day MA of 909.39, indicating a neutral trend. The MACD of -1.81 indicates Negative momentum. The RSI at 50.10 is Neutral, neither overbought nor oversold. The STOCH value of 68.17 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AJMERA	67 Neutral	₹39.72B	30.66	―	0.44%	-1.25%	-5.48%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MARATHON	64 Neutral	₹37.25B	13.39	―	0.18%	-21.43%	18.96%
ARVSMART	63 Neutral	₹26.42B	28.47	―	1.01%	13.62%	34.30%
HUBTOWN	57 Neutral	₹42.87B	32.59	―	―	64.29%	―
KOLTEPATIL	57 Neutral	₹34.01B	44.96	―	1.06%	3.05%	―
ASHIANA	56 Neutral	₹30.28B	42.36	―	0.83%	24.58%	122.16%

Ajmera Realty & Infra India Ltd Corporate Events

Ajmera Realty Schedules Investor Meeting for August 2025

Ajmera Realty & Infra India Ltd has announced a scheduled meeting with analysts and institutional investors on August 5, 2025, as per the SEBI regulations. This meeting, which will be a one-on-one interaction with Mirae Asset Investment Managers, reflects the company’s ongoing efforts to engage with stakeholders and provide insights into its operations and strategic direction.