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

• Market Cap: ₹34.68B
• Dividend Yield: 0.45%
• Average Volume (3M): 6.50K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.68
• Revenue Growth: 3.23%
• EPS Growth: 11.80%
• Country: IN
• Employees: 305
• Sector: Real Estate
• Sector Strength: 54
• Industry: Real Estate - Development
• EPS (TTM): 9.73
• Shares Outstanding: 39,359,130
• 10 Day Avg. Volume: 9,327
• 30 Day Avg. Volume: 6,498
• 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: ₹965.00
• Price Target Upside: 9.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: ₹965.00 ▲(9.51% Upside)

Ajmera Realty & Infra India Ltd has a moderate overall stock score. The strong financial performance is offset by weak cash flow and potential leverage risks. Technical indicators suggest bearish momentum, and the valuation appears high, limiting upside potential.

Ajmera Realty & Infra India Ltd Business Overview & Revenue Model

Company Description

Ajmera Realty & Infra India Ltd (AJMERA) is a prominent real estate development company in India, primarily engaged in the development of residential and commercial properties. With a legacy spanning over five decades, the company has established a strong presence in key urban areas across India and has also ventured internationally. AJMERA is known for delivering quality infrastructure projects that cater to various segments of the market, ranging from affordable housing to luxury projects.

How the Company Makes Money

Ajmera Realty & Infra India Ltd makes money primarily through the sale and leasing of residential and commercial properties. The company's revenue streams include the development and sale of residential units, such as apartments and villas, which constitute a significant portion of its earnings. Additionally, AJMERA generates income through the development of commercial spaces, including office buildings and retail outlets, which are either sold or leased to businesses. The company may also engage in joint ventures and partnerships with other real estate firms to expand its project portfolio and increase profitability. Factors contributing to its earnings include strategic land acquisitions, effective project management, and a strong brand reputation that attracts both domestic and international clients.

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 2023	Dec 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.38B	7.38B	4.31B	7.00B	4.83B	3.47B
Gross Profit	2.59B	2.70B	1.42B	3.56B	2.03B	1.71B
EBITDA	2.43B	2.31B	1.34B	2.09B	1.23B	1.00B
Net Income	1.26B	1.26B	715.00M	1.03B	453.86M	301.76M
Balance Sheet
Total Assets	22.55B	22.55B	19.22B	19.63B	20.18B	18.97B
Cash, Cash Equivalents and Short-Term Investments	1.33B	1.33B	509.90M	1.27B	374.80M	438.83M
Total Debt	6.76B	6.76B	8.26B	8.08B	8.68B	7.77B
Total Liabilities	9.31B	9.31B	10.28B	9.70B	12.07B	11.31B
Stockholders Equity	12.07B	12.07B	7.74B	8.66B	7.10B	6.65B
Cash Flow
Free Cash Flow	0.00	19.20M	1.33B	2.17B	-659.81M	1.79B
Operating Cash Flow	0.00	75.30M	1.37B	2.20B	-636.12M	2.01B
Investing Cash Flow	0.00	28.50M	-469.70M	-717.46M	285.43M	-94.88M
Financing Cash Flow	0.00	-153.90M	-861.50M	-973.22M	332.56M	-1.75B

Ajmera Realty & Infra India Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 881.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 881.2 is below the 20-day moving average (MA) of 898.32, below the 50-day MA of 912.33, and below the 200-day MA of 917.91, indicating a bearish trend. The MACD of -12.66 indicates Positive momentum. The RSI at 46.13 is Neutral, neither overbought nor oversold. The STOCH value of 34.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
Sector *	71 Outperform	¥233.73B	15.21	10.65%	3.48%	20.30%	28.35%
HUBTOWN	68 Neutral	₹47.37B	89.20		―	52.02%	―
MARATHON	64 Neutral	₹42.67B	15.47		0.16%	-14.97%	25.71%
AJMERA	61 Neutral	₹34.68B	25.20		0.45%	3.23%	11.80%
ARVSMART	60 Neutral	₹27.91B	23.34		1.01%	112.32%	224.27%
KOLTEPATIL	57 Neutral	₹36.43B	37.37		0.99%	27.86%	―
ASHIANA	53 Neutral	₹31.12B	84.63		0.81%	-43.50%	-77.52%

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.