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SummaryLatest NewsSector ComparisonEarnings ReportRevenue & GrowthPeersIncome StatementBalance SheetCash Flow
AJMERA logo

AJMERA - Ajmera Realty & Infra India Limited Share Price

Realty
Sharesguru Stock Score

AJMERA

25/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹134.32+1.57(+1.18%)
Market Closed as of Jun 24, 2026, 15:30 IST
Pros

Growth: Awesome revenue growth! Revenue grew 45.8% over last year and 149.2% in last three years on TTM basis.

Buy Backs: Company has been good to it's investors by buying back it's stock.

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 14% is a good sign.

Past Returns: Outperforming stock! In past three years, the stock has provided 23.1% return compared to 8.8% by NIFTY 50.

Momentum: Stock price has a strong positive momentum. Stock is up 15.5% in last 30 days.

Cons

Smart Money: Smart money looks to be reducing their stake in the stock.

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sharesguru Stock Score

AJMERA

25/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

Valuation

Market Cap2.61 kCr
Price/Earnings (Trailing)37.08
Price/Sales (Trailing)2.38
EV/EBITDA10.74
Price/Free Cashflow65.54
MarketCap/EBT11.42
Enterprise Value3.29 kCr

Fundamentals

Revenue (TTM)1.1 kCr
Rev. Growth (Yr)182.5%
Earnings (TTM)155.92 Cr
Earnings Growth (Yr)131.5%

Profitability

Operating Margin21%
EBT Margin21%
Return on Equity10.27%
Return on Assets6.01%
Free Cashflow Yield1.53%

Growth & Returns

Price Change 1W16.6%
Price Change 1M15.5%
Price Change 6M-23.4%
Price Change 1Y-25.7%
3Y Cumulative Return23.1%
5Y Cumulative Return31.8%
7Y Cumulative Return23.6%
10Y Cumulative Return16.5%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-48.3 Cr
Cash Flow from Operations (TTM)68.63 Cr
Cash Flow from Financing (TTM)-55.94 Cr
Cash & Equivalents33.03 Cr
Free Cash Flow (TTM)39.86 Cr
Free Cash Flow/Share (TTM)2.03

Balance Sheet

Total Assets2.59 kCr
Total Liabilities1.07 kCr
Shareholder Equity1.52 kCr
Current Assets2.24 kCr
Current Liabilities356.33 Cr
Net PPE63.84 Cr
Inventory1.5 kCr
Goodwill41.6 Cr

Capital Structure & Leverage

Debt Ratio0.27
Debt/Equity0.47
Interest Coverage2.13
Interest/Cashflow Ops1.94

Dividend & Shareholder Returns

Dividend/Share (TTM)0.18
Dividend Yield0.17%
Buy Backs (1Y)-80%
Shares Dilution (3Y)-77.8%
Pros

Growth: Awesome revenue growth! Revenue grew 45.8% over last year and 149.2% in last three years on TTM basis.

Buy Backs: Company has been good to it's investors by buying back it's stock.

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 14% is a good sign.

Past Returns: Outperforming stock! In past three years, the stock has provided 23.1% return compared to 8.8% by NIFTY 50.

Momentum: Stock price has a strong positive momentum. Stock is up 15.5% in last 30 days.

Cons

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.17%
Dividend/Share (TTM)0.18
Buy Backs (1Y)-80%
Earnings/Share (TTM)3.58

Financial Health

Current Ratio6.28
Debt/Equity0.47

Technical Indicators

RSI (14d)64.64
RSI (5d)31.03
RSI (21d)55.43
MACD SignalBuy
Stochastic Oscillator SignalSell
SharesGuru SignalBuy
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalBuy
SMA 100 SignalBuy

Summary of Latest Earnings Report from Ajmera Realty & Infra India

Summary of Ajmera Realty & Infra India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Management provided an optimistic outlook for Ajmera Realty & Infra India Ltd., highlighting a strong performance in the ongoing fiscal year. For the nine months ending December 31, 2025, the company achieved record sales of Rs.1,431 crores, with a confident guidance to surpass the full-year target of Rs.1,600 crores. In Q3 FY26, collections reached over Rs.300 crores, marking the highest collections for a single quarter.

Key forward-looking points include:

  1. Growth in Demand: The management noted a significant demand for new launches, evidenced by the successful sales of Ajmera Solis, which sold 84% of its inventory within 48-60 hours of launch.
  2. Project Milestones: The company received the occupation certificate for Ajmera Eden in Ghatkopar and is set to complete other projects like Ajmera Manhattan Phase 1 with 89% sales achieved.
  3. Strategic Expansion: Ajmera is revising its master plan for its Boutique Office project in Wadala, increasing the estimated gross development value from Rs.1,800 crores to Rs.5,300 crores, significantly unlocking potential in that micro-market.
  4. Future Revenue Visibility: Total revenue visibility is projected at Rs.5,600 crores, driven by strong sales and a robust launch pipeline, including an estimated GDV of Rs.1,491 crores in FY26.
  5. Debt Management and Financial Discipline: The company maintains a total debt of Rs.754 crores with a healthy debt-equity ratio of 0.58x, ensuring it is well-positioned for future expansion.
  6. Expansion in New Markets: Ajmera secured new business development projects worth Rs.2,000 crores, reinforcing its asset-light strategy focusing on redevelopment projects.

Overall, Ajmera Realty is set to capitalize on strong market trends and internal strategies to drive sustainable growth and profitability.

Major Questions and Their Answers from the Q&A Section:

1. Question:** Regarding the additional FSI in Wadala, how much will it cost, and will it impact margins? When can we expect the launch of the 16 lakh square feet?
Answer: The cost will increase proportionately with the area developed; however, our margins could improve due to upscale planning. We've shifted the launch to the next financial year, targeting either the first or second quarter.

2. Question:** What is the update on Kanjurmarg's EC application process?
Answer: We've applied for CFO approvals and are working on necessary approvals from various departments. The EC application follows CFO approval, and we are committed to moving ahead despite the challenges.

3. Question:** We have removed projects from the pipeline; can you elaborate on the reasons?
Answer: The Andheri project faced negotiations with tenants, which delayed it but should finalize soon. The Ghatkopar project encountered legal issues, which we aim to resolve in the next 2-3 months.

4. Question:** What are the sales targets for Kanjurmarg, and when can we realistically expect the launch?
Answer: While aiming for a launch in Q4 remains challenging, we are optimistic about a launch in Q1, given that we have started site development.

5. Question:** Can you explain the slowdown in units sold for Manhattan 2 this quarter?
Answer: Following a strong initial response where 40% sold quickly, some slowdown is typical post-launch. We adjusted prices and expect stable sales moving forward, targeting about 30 units per quarter.

6. Question:** How confident are you about achieving the projected project additions for FY26?
Answer: We remain confident and are in discussions regarding potential acquisitions. The asset-light approach through redevelopment should help us meet our targets.

7. Question:** What plans are there for Wadala's future commercial developments?
Answer: Wadala has become a desirable micro-market due to connectivity improvements. We plan phased launches of our commercial projects starting in the first or second quarter of FY27.

8. Question:** What's driving the increase in FSI in Wadala, and what will the costs be?
Answer: The increase is anticipated under the 33(20)(B) scheme, with costs expected around Rs. 4,000 to Rs. 5,000 per square foot, similar to previous adjustments.

9. Question:** Will you consider partnerships for larger developments?
Answer: While we are open to discussions for future partnerships, particularly if they enhance project value, no formal talks have taken place yet for Wadala.

10. Question:** What about the approval process and the impact of recent Supreme Court rulings?
Answer: The EC approvals have complicated matters, but we believe demand will remain unaffected. Our established brand helps with pricing and sales velocity, easing concerns about competition.

Note: Each answer is crafted to convey the information from the respective questions found in the earnings call Q&A section, staying under the 500-character limit while including key numbers and forward guidance where applicable.

Share Holdings

Understand Ajmera Realty & Infra India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
ARIIL TRUST represented by Shashikant S. Ajmera, Rajnikant S. Ajmera, Manoj I. Ajmera, Trustee54.59%
FAHRENHEIT FUN AND GAMES PRIVATE LIMITED4%
CHHOTALAL SHAMALJI AJMERA3.81%
CHHOTALAL S AJMERA HUF1.97%
AUTHUM INVESTMENT AND INFRASTRUCTURE LIMITED1.95%
MINOSHA INDIA LIMITED1.27%
ISHWARLAL S AJMERA HUF1.15%
SANJAY KATKAR1.11%
RUSHABH INVESTMENT PRIVATE LIMITED0.78%
CHARMI PARAS PAREKH0.64%
HENALI AJMERA0.63%
BHANUMATI C AJMERA0.53%
BOMBAY FREEZCO PRIVATE LIMITED0.1%
SONAL BIMAL MEHTA0.01%
RITA MITUL MEHTA0.01%
AASHISH ATUL AJMERA0%
TANVI M AJMERA0%
ATUL C AJMERA HUF0%
AAGNA S AJMERA0%
SANJAY C AJMERA HUF0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Ajmera Realty & Infra India Better than it's peers?

Detailed comparison of Ajmera Realty & Infra India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
DLFDLF1.53 LCr9.82 kCr+4.50%-27.10%34.7215.61--
PRESTIGEPrestige Estates Projects66.41 kCr13.2 kCr+10.00%-10.80%55.545.03--
OBEROIRLTYOBEROI REALTY63.81 kCr6.3 kCr+2.50%-11.70%25.4510.12--
GODREJPROPGodrej Properties54.09 kCr8.41 kCr+2.80%-24.20%29.236.43--
SOBHASobha15.29 kCr5.38 kCr+2.50%-5.00%79.092.84--

Income Statement for Ajmera Realty & Infra India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Revenue From Operations47.8%1,090738700431483347
Other Income-50.5%7.93157.879.536.435.07
Total Income45.9%1,098753708441489352
Cost of Materials84.9%759411460338339226
Employee Expense55.3%603941182826
Finance costs-4%737669365958
Depreciation and Amortization63.4%4.353.051.711.51.681.78
Total Expenses48.4%869586569344427311
Profit Before exceptional items and Tax37.3%229167139966241
Total profit before tax37.3%229167139966241
Current tax75.6%73423525159.51
Deferred tax10%-0.98-1.20000
Total tax77.5%72413525159.51
Total profit (loss) for period24.8%157126103724530
Other comp. income net of taxes49.3%0.620.25-0.170.26-0.160.71
Total Comprehensive Income25.6%158126103724531
Earnings Per Share, Basic1734.1%7.611.36041.15760.80880.510.3484
Earnings Per Share, Diluted1734.1%7.611.36041.15760.80880.510.3484
Description(%) Q/QMar-2026Dec-2025Sep-2025Jun-2025Mar-2025Dec-2024
Revenue From Operations137.6%431182219259151193
Other Income157.1%2.981.771.971.112.36.21
Total Income136.6%434184221260154199
Cost of Materials252.8%3159016518988116
Employee Expense54.5%181214167.659.94
Finance costs61.5%221417211224
Depreciation and Amortization172.7%1.31.110.851.10.960.7
Total Expenses147.1%347141179202121154
Profit Before exceptional items and Tax109.8%874242573345
Total profit before tax109.8%874242573345
Current tax92.9%281511181011
Deferred tax58.2%0.16-1.010.14-0.28-1.20
Total tax107.7%281412188.811
Total profit (loss) for period114.8%592831382533
Other comp. income net of taxes-0.620000.310
Total Comprehensive Income114.8%592831382633
Earnings Per Share, Basic293%2.830.0520.30880.38920.25680.362
Earnings Per Share, Diluted293%2.830.0520.30880.38920.25680.362
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Revenue From Operations31.2%699533489361405289
Other Income-66.5%4.35114.525.344.52.53
Total Income29.5%704544494366409291
Cost of Materials74.6%469269301236280184
Employee Expense3.4%313026152523
Finance costs-14.8%536251204951
Depreciation and Amortization29.9%2.261.971.181.211.391.48
Total Expenses30.2%518398380271355260
Profit Before exceptional items and Tax26.9%185146114955432
Total profit before tax26.9%185146114955432
Current tax70.6%59352924147.94
Deferred tax18.7%-0.83-1.250000
Total tax72.7%58342924147.94
Total profit (loss) for period13.5%12711285714024
Other comp. income net of taxes41.3%0.560.25-0.170.26-0.160.71
Total Comprehensive Income14.4%12811285714024
Earnings Per Share, Basic2550.5%6.461.2060.960.80320.45480.2744
Earnings Per Share, Diluted2550.5%6.461.2060.960.80320.45480.2744
Description(%) Q/QMar-2026Dec-2025Sep-2025Jun-2025Mar-2025Dec-2024
Revenue From Operations213%314101122163118147
Other Income1062.5%1.770.921.20.451.615.18
Total Income211.9%316102123163120152
Cost of Materials376.6%22548751215582
Employee Expense54.2%9.796.75.749.25.188.82
Finance costs66.7%161011168.6319
Depreciation and Amortization-2.6%0.60.610.560.490.490.49
Total Expenses248.6%245718811583111
Profit Before exceptional items and Tax130%703136483741
Total profit before tax130%703136483741
Current tax130%24119.27159.579.42
Deferred tax34.3%-0.09-0.660.2-0.28-1.250
Total tax157.8%249.929.47158.329.42
Total profit (loss) for period125%462126342932
Other comp. income net of taxes-0.560000.310
Total Comprehensive Income130%472126342932
Earnings Per Share, Basic242%2.360.04240.26640.34160.29080.3412
Earnings Per Share, Diluted242%2.360.04240.26640.34160.29080.3412

Balance Sheet for Ajmera Realty & Infra India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Sep-2025Mar-2025Sep-2024Mar-2024Sep-2023
Cash and cash equivalents-15.8%333969417820
Current investments180%291132111111
Loans, current-2.1%4849267.978.0113
Total current financial assets25.3%591472495397354188
Inventories7.9%1,4951,3861,2921,1911,1571,206
Current tax assets-39.5%8.8714239.849.635.55
Total current assets11.5%2,2372,0071,9261,7031,6251,508
Property, plant and equipment85.3%643535312926
Goodwill0%424242424242
Non-current investments7.1%9185931009954
Loans, non-current-9.5%6875817369241
Total non-current financial assets-0.5%214215229258210349
Total non-current assets12.3%357318328330338417
Total assets11.6%2,5942,3252,2552,0331,9631,925
Borrowings, non-current12%671599574550764800
Total non-current financial liabilities12%703628592575793829
Provisions, non-current-16.2%6.447.4966.735.913.4
Total non-current liabilities11.3%719646608594810874
Borrowings, current-25%40531032684327
Total current financial liabilities-25.4%981311713038370
Provisions, current-68.9%154620261814
Current tax liabilities60.9%0.660.130.132.832.150.14
Total current liabilities20.3%356296323394160121
Total liabilities14%1,075943931987970995
Equity share capital0%393939363535
Non controlling interest-0.8%120121117127128123
Total equity9.9%1,5191,3821,3231,046994930
Total equity and liabilities11.6%2,5942,3252,2552,0331,9631,925
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Sep-2025Mar-2025Sep-2024Mar-2024Sep-2023
Cash and cash equivalents-32%1826357.13226.82
Current investments-0021000
Loans, current0%3737190.270.260.29
Total current financial assets14.8%443386396279245146
Inventories6.8%664622524544614660
Current tax assets-37.2%6.6510189.839.625.54
Total current assets7.7%1,1461,064980854881831
Property, plant and equipment84.7%158.587.618.446.26.05
Non-current investments0%137137140137112113
Loans, non-current3.9%564543554511536542
Total non-current financial assets2.9%744723737691649654
Total non-current assets4.6%769735747703699704
Total assets6.5%1,9151,7991,7271,5571,5801,535
Borrowings, non-current17.9%528448436472714702
Total non-current financial liabilities17.8%550467447490737727
Provisions, non-current-49.5%3.125.25.25.145.213.4
Total non-current liabilities17.3%558476458501746747
Borrowings, current-41.7%2237681860.4916
Total current financial liabilities-18.2%4656992041835
Provisions, current-81.6%8.724320181114
Current tax liabilities-0.1700000
Total current liabilities-18.6%1501841722405552
Total liabilities7.3%708660630741801799
Equity share capital0%393939363535
Total equity6%1,2071,1391,097816779736
Total equity and liabilities6.5%1,9151,7991,7271,5571,5801,535

Cash Flow for Ajmera Realty & Infra India

Consolidated figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Change in inventories-50%-203.33-135.1819-176.01-57.58-
Depreciation63.4%4.353.051.711.51.68-
Adjustments for interest income-28%-2.7-1.890.2900-
Net Cashflows from Operations331.8%67-27.47186-23.95-107.55-
Dividends received-00000.15-
Interest paid3.3%-73.13-75.66-68.533659-
Income taxes paid (refund)77.5%724135-24.6-15.39-
Net Cashflows From Operating Activities941.3%697.53220-35.62-151.19-
Proceeds from sales of PPE-000-4.380-
Purchase of property, plant and equipment-2902.680-2.37-
Proceeds from sales of investment property-000026-
Purchase of investment property-121.7%05.6144-41.530-
Proceeds from sales of long-term assets-4.3700-41.90-
Dividends received-0000-0.15-
Interest received-27.6%-2.7-1.90.2900-
Other inflows (outflows) of cash-346.7%-21.210-25.8405.55-
Net Cashflows From Investing Activities-2764.9%-48.32.85-71.75-4.7533-
Proceeds from issuing shares-100.5%0220000-
Proceeds from borrowings-350-18.15092-
Repayments of borrowings-100.8%0131000-
Dividends paid30.8%181411-7.980-
Interest paid-4%737669-36.27-59.18-
Other inflows (outflows) of cash93.6%0-14.56000-
Net Cashflows from Financing Activities-247.4%-55.94-15.39-97.3344152-
Net change in cash and cash eq.-509.2%-35.61-5.01513.8834-
Standalone figures (in Rs. Crores) /
Description(%) Q/QMar-2026Mar-2025Mar-2024Mar-2023Mar-2022Mar-2021
Change in inventories-259.1%-139.028935-45.17-68.99-
Depreciation29.9%2.261.971.181.211.39-
Adjustments for interest income938.5%2.351.130.76-1.730-
Net Cashflows from Operations-122%-31.5114977-11.53-113.51-
Dividends received-0000-0.15-
Interest paid14.6%-52.63-61.81-50.832049-
Interest received-0000-0.19-
Income taxes paid (refund)72.7%583429-23.88-13.62-
Net Cashflows From Operating Activities-121.8%-37.0917699-7.64-148.94-
Purchase of property, plant and equipment-10000-0.22-
Proceeds from sales of investment property76.9%0-3.32-1.114-5.3-
Purchase of investment property-000-0.010-
Purchase of intangible assets-000-2.070-
Proceeds from sales of long-term assets-300000-
Cash receipts from repayment of advances and loans made to other parties-000-2.370-
Dividends received-00000.15-
Interest received1025%2.351.120.761.730.19-
Other inflows (outflows) of cash126.3%19-67.4-25.7406.82-
Net Cashflows From Investing Activities156.7%41-69.6-26.08152.08-
Proceeds from changes in ownership interests in subsidiaries-3.210000-
Proceeds from issuing shares-100.5%0220000-
Proceeds from issuing other equity instruments-000022-
Proceeds from borrowings-4603.94-43.12113-
Repayments of borrowings-100.5%0210000-
Dividends paid30.8%181411-7.980-
Interest paid-14.8%536251-19.99-48.71-
Other inflows (outflows) of cash96.5%0-27.550.100-
Net Cashflows from Financing Activities76.5%-21.14-93.35-57.44-15.15183-
Net change in cash and cash eq.-240.2%-17.221416-7.3636-

What does Ajmera Realty & Infra India Limited do?

Residential, Commercial Projects•Realty•Small Cap

Ajmera Realty & Infra India is a prominent player in the real estate development sector, focusing on both residential and commercial projects. The company operates under the stock ticker AJMERA and boasts a market capitalization of Rs. 3,204 Crores.

Founded in 1968 and headquartered in Mumbai, India, Ajmera Realty & Infra India Limited, along with its subsidiaries, plays a significant role in the construction and development of various real estate projects across the country.

The company has demonstrated strong financial performance, with a trailing 12 months revenue of Rs. 833.4 Crores and a profit of Rs. 129.7 Crores over the past four quarters. Over the last three years, it has experienced impressive revenue growth of 116.3%.

Ajmera Realty & Infra India is also committed to returning value to its investors by distributing dividends, currently yielding 0.85% per year. In the last 12 months, it returned Rs. 7 per share in dividends. However, it is important to note that the company has diluted its shareholders' stakes in the past, having reduced ownership by 10.9% over the last three years.

Ajmera Realty & Infra India is a subsidiary of Ariil Trust and continues to navigate the evolving real estate landscape in India.

Industry Group:Realty
Employees:305
Website:www.ajmera.com

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.