Ajmera Realty & Infra India Ltd (IN:AJMERA)
:AJMERA
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Ajmera Realty & Infra India Ltd
(AJMERA)
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Rating:58Neutral
Price Target:
₹105.00
▼(-89.54% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily supported by strong recent profitability and revenue growth, but is materially weighed down by deteriorating cash flow generation and a technically weak setup (sharp downtrend with negative momentum). Valuation is also a headwind given the high P/E and low dividend yield.
Positive Factors
Healthy profitability margins
Sustained gross, EBIT and net margins at elevated levels indicate consistent pricing power and tight cost control in project execution. Durable margins provide a cushion through cycles, support reinvestment into new projects and improve the company’s ability to absorb input-cost volatility over months.
Negative Factors
Weak cash conversion
Sharp decline in operating cash flow and minimal FCF conversion versus profits limit internal funding for construction and land acquisition. Persistent weak cash conversion forces higher reliance on external financing and can constrain project pacing and margin sustainability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Healthy profitability margins
Sustained gross, EBIT and net margins at elevated levels indicate consistent pricing power and tight cost control in project execution. Durable margins provide a cushion through cycles, support reinvestment into new projects and improve the company’s ability to absorb input-cost volatility over months.
Read all positive factors
Ajmera Realty & Infra India Ltd (AJMERA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.46B
Dividend Yield0.47%
Average Volume (3M)3.17K
Price to Earnings (P/E)37.0
Beta (1Y)1.91
Revenue Growth-1.25%
EPS Growth-5.48%
CountryIN
Employees305
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)1.30
Shares Outstanding196,795,650
10 Day Avg. Volume2,920
30 Day Avg. Volume3,173
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)2.71
Price to Sales (P/S)4.43
P/FCF Ratio1.70K
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, together with its subsidiaries, engages in the real estate development business in India, the United Kingdom, and Bahrain. It undertakes residential and commercial construction projects. The company was incorpo...
How the Company Makes Money
Ajmera Realty & Infra India Ltd primarily makes money through real estate development: it acquires or ties up land (through purchase, joint development, or redevelopment arrangements where applicable), develops projects, and generates revenue by s...
Ajmera Realty & Infra India Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.22B | 7.38B | 7.00B | 4.31B | 4.83B | 3.47B |
| Gross Profit | 2.75B | 2.70B | 3.56B | 1.42B | 2.03B | 1.71B |
| EBITDA | 2.51B | 2.31B | 2.09B | 1.34B | 1.23B | 1.00B |
| Net Income | 1.28B | 1.26B | 1.03B | 715.00M | 453.86M | 301.76M |
Balance Sheet | ||||||
| Total Assets | 23.25B | 22.55B | 19.63B | 19.22B | 20.18B | 18.97B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 1.33B | 1.27B | 492.97M | 374.80M | 438.83M |
| Total Debt | 6.52B | 6.76B | 8.08B | 8.44B | 9.95B | 7.77B |
| Total Liabilities | 9.43B | 9.31B | 9.70B | 10.28B | 12.07B | 11.31B |
| Stockholders Equity | 12.61B | 12.07B | 8.66B | 7.74B | 7.10B | 6.65B |
Cash Flow | ||||||
| Free Cash Flow | 426.90M | 19.20M | 2.17B | 1.33B | -659.81M | 1.79B |
| Operating Cash Flow | 427.40M | 75.30M | 2.20B | 1.37B | -636.12M | 2.01B |
| Investing Cash Flow | 67.10M | 28.50M | -717.46M | -469.70M | 285.43M | -94.88M |
| Financing Cash Flow | -794.60M | -153.90M | -973.22M | -861.50M | 332.56M | -1.75B |
Ajmera Realty & Infra India Ltd Technical Analysis
Negative
1004.20
Price Trends
138.64
Negative
168.23
Negative
179.05
Negative
Market Momentum
-9.84
Positive
34.03
Neutral
12.89
Positive
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 1004.2 is above the 20-day moving average (MA) of 118.95, above the 50-day MA of 138.64, and above the 200-day MA of 179.05, indicating a bearish trend. The MACD of -9.84 indicates Positive momentum. The RSI at 34.03 is Neutral, neither overbought nor oversold. The STOCH value of 12.89 is Positive, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ₹23.63B | 23.57 | ― | 0.98% | 13.62% | 34.30% | |
58 Neutral | ₹20.46B | 36.99 | ― | 0.47% | -1.25% | -5.48% | |
58 Neutral | ₹26.33B | 28.99 | ― | 0.19% | -21.43% | 18.96% | |
57 Neutral | ₹28.21B | 195.93 | ― | 1.01% | 3.05% | ― | |
56 Neutral | ₹29.10B | 12.74 | ― | 0.85% | 24.58% | 122.16% | |
55 Neutral | ₹25.74B | 39.33 | ― | ― | 64.29% | ― |
* Real Estate Sector Average
IN:AJMERA
Ajmera Realty & Infra India Ltd
103.95
-75.18
-41.97%
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Ajmera Realty & Infra India Ltd Corporate Events
Ajmera Realty Schedules Virtual Meet With HSBC Mutual Fund
Mar 2, 2026
Ajmera Realty Infra India Ltd has announced the schedule of an upcoming interaction with market participants under SEBI’s listing and disclosure regulations. The company will hold a virtual one-on-one meeting with HSBC Mutual Fund on Friday...
Ajmera Realty Completes Five-for-One Stock Split, Updates Share Capital Structure
Jan 22, 2026
Ajmera Realty Infra India Ltd has completed a sub-division of its equity shares, splitting each fully paid share of face value Rs 10 into five fully paid shares of face value Rs 2, with the new shares credited under a new ISIN by NSDL and CDSL. F...
Ajmera Realty Posts Record 9M FY26 Sales of ₹1,431 Crore on Strong Q3 Launch Momentum
Jan 14, 2026
Ajmera Realty Infra India Ltd reported its highest-ever nine-month sales for FY26, booking ₹1,431 crore in 9M FY26, a 72% year-on-year rise, on sales volume of 5,55,991 sq ft and collections of ₹787 crore, up 70% year-on-year, undersc...
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.