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Ajmera Realty & Infra India Ltd share Price

Company details

6M Return 38.21%
1Y Return 52.33%
Mkt Cap.(Cr) 1,352.16
Volume 105,821
Div Yield 0.79%
OI Chg %
Volume 105,821

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Realty Company Ajmera Realty & Infra India announced Q1FY24 results:

  • Sales value at Rs 225 crore; up 60% QoQ
  • Sales volume at 1,35,460 Sq. ft; up 96% QoQ
  • Collection at Rs 111 crore; up 8% QoQ
  • Revenue at Rs 118 crore; up 113% YoY
  • PAT at Rs 21 crore; up 82% YoY, PAT Margin at 18%
  • The debt-equity ratio at 0.97x; achieves breakthrough at sub 1x

Commenting on the performance of Q1FY24, Dhaval Ajmera, Director –ARIIL said, “We are pleased to announce that our company has delivered a stellar performance in Q1FY24, witnessing a remarkable 96% quarter-on-quarter sales growth at 1,35,460 sq. ft. This phenomenal sales growth is attributed to the launch of a premium residences project in Ghatkopar along with Bengaluru having a multiplier effect. Sales are expected to continue being driven by the strong demand for quality housing throughout the rest of the year.

Our company recorded tremendous YoY growth in revenue of 113% to Rs 118 crore and 82% in PAT amounting to Rs 21 crore, the contribution of revenue-eligible projects to the bottom line showcases our operational efficiency. Our efficient debt management efforts resulted in a reduction of the weighted avg. cost of debt to 11.9% for Q1 FY24, as compared to 13.7% for Q4FY23 on account of financial performance and credit profile improvements, also we successfully achieved a debt/equity ratio of 0.97 vs 1.12 YoY, a sub 1x ratio.

Our primary goal is to achieve a five-fold increase in sales by the year 2025. To accomplish this, we have set clear priorities, including ensuring the timely delivery of projects within committed timelines, enhancing overall execution efficiency and strategically launching three new projects during this fiscal year with a gross development value of ~Rs 1,800 crore. We remain confident with our strong revenue visibility estimated at Rs 3,960 crore from our ongoing projects and future launches. Our business objective is to not only grow exponentially but also create supply to meet the demands of end users.

Key factors driving the demand for real estate will be the sustenance of macro factors through interest rate pause and conducive economic growth. Additionally, the completion of major transit infrastructure projects will create new micro markets, particularly in MMR, opening fresh business opportunities. To capitalize on these opportunities, we plan to venture into new micro-markets in H2 FY24.”


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Operating Profit
Profit after Tax
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Ajmera Realty & Infra India Ltd Stocks COMPARISION


Equity Capital: 773.67 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59
Ajmera Realty & Infra India Limited - Press Release

Sep 29, 2023 l NSE Announcement

Ajmera Realty & Infra India Limited - Trading Window

Sep 28, 2023 l NSE Announcement

Date Action Type Ratio
Aug 04, 2023 Dividend 30
Aug 11, 2022 Dividend 22.5
Sep 08, 2021 Dividend 14

Ajmera Realty & Infra India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Ajmera Realty & Infra India Ltd (Formerly known Shree Precoated Steels Limited) was incorporated on March 18, 1985. The Company is the leading player in Real Estate business. Shri C S Ajmera and Associates took over the Company on 6th October, 1986. Plant of the company built on a land size of 250,000 sq. mtrs at Sanaswadi near Pune and is located about 100kms from JNPT Port and 165 kms from Mumbai, the central hub of Industrial and Financial activities of India. METACOLOR Plant installed in technical collaboration with Cockerill Mechanical Industries (CMI), Europe. METAGALVA steel sheets manufactured in a state-of-the-art plant employing mini spangle equipment from U.S.A. METACOR is cold rolled in a modern and highly advanced computerized Cold Rolling Mill where strip shape, dimensions and tolerances are closely and continuously monitored. The Company has changed their Collaborator from Hunter Engineering, USA to Cockerill Mechanical Industries, Belgium during the year 1985, due to the availability of better terms and conditions, better technology, superior equipment and product mix. Ajmera came out with a public issue in March of the year 1992 to part-finance of the various projects of the company. During the year 1994-95, the company implemented a backward integration programme of 1.20 lack tonnes of cold-rolled coils and 1 lack tonnes of galvanised plain / corrugated sheets at an estimated cost of Rs 153 cr. The Company also added additional trapezoidal profiles to offer value-added products for the niche market. A year after, the company successfully erected and commissioned galvanising line. During the same year of 1995-96, the company was also appointed as authorised Builder in India for Butler Manufacturing Company USA to sell their Pre-Engineered Metal Building System. In the year 1997-98, the company installed Galvanising line G P coils with capacity of 1,20,000 MT and GP/Aluminium Colour Coated Trap Sheets with capacity of 7435 MT. The Company awarded ISO 9001 certificate for manufacturing GI and Aluminium Colour Coated Sheets in the year of 1998-99. The company has registered with the Board for Industrial & Financial Reconstruction (BIFR) and has been declared as a sick industrial company in 3rd March of the year 2000 and has appointed ICICI as an operating agency. The Rehabilitation Scheme had been sanctioned by the BIFR in 13th November 2002. Ajmera had been discharged from the purview of the Sick Industries companies in 4th November of the year 2004. During the year 2004-05, the company commissioned the Hydrochloric Acid Pickling Line, which provide total recovery of used acid with least HCL PPM escape and the purest iron oxide (byproduct) recovery unit for quality export of high value iron oxide. During the year 2005-06, the company has entered into technology transfer agreement with M/S Thyssen Kruppof Germany in the areas of operating practices of complete CRM complex and quality control measures. As well as the production know how of Aluminum-Zinc coating on the existing setup. The company established the first time in the world, the near-infra red curing process and Revolving Thermal Oxidation process for Colour Coating Technology in CCL-II line in May of the year 2006. The next generation technology, Second Colour Coating Line was successfully commenced in the year 2006. A landmark amalgamation of Anik Development Corporation Pvt Ltd (ADCPL) with the company was completed, all the assets and liabilities of ADCPL has been transferred to the company with effect from 20th December of the year 2006. During the year 2006-07, the company to raise its stature to be bracketed in one of the leading builders of Maharashtra State and its successful operation s in Karnataka State and Joint Venture in Bahrain has consolidated and ushered it to higher levels of growth in real estate business. As at May 5th of the year 2008, the company changed its name from Shree Precoated Steels Ltd to Ajmera Realty & Infra India Limited. The Company plans to sell 10% - 15% of its stake to a private equity fund in order to rise about INR 7 billion. Ajmera has been certified by Det Norske Veritas (DNV certification B.V of the Netherlands) for its environmental management system (EMS) under the international ISO 14001:1996 standard. The Steel Division of the Company stands vested with Ajmera Precoated Steels Limited (now called as Shree Precoated Steels Limited) pursuant to the Order of Hon`ble High Court, Bombay dated March 21, 2009, which was effective from April 17, 2009 and appointed date for the Scheme was April 1, 2008. The Company acquired Ajmera Estate (Karnataka) Private Limited (AEKPL), as a 100% subsidiary, which in turn acquired 90% interest in the partnership firm `Ajmera Housing Corporation - Bangalore` (AHC). It commenced Ajmera Zeon project comprising of 15 Lakhs sq.ft. of area in Mumbai in 2012. During 2011-12, the Company acquired 100% stake in the Ajmera Biofuel Limited. The said subsidiary acquired 49% stake in Comet Power Private Limited (CPPL) which has the one of the best performed Solar Power Plant. The CPPL commenced operation for 5.75 MW solar power project at Rajasthan. The commercial production commenced from November,2011 and reached optimum production in the month of January,2012. The Company invested in 90 % stake of Laudable Infrastructure LLP. Further the Company has associated with V.M.Procon Private Limited (the JVC),by acquiring 50% of Equity shares and the rest is held by Sheetal Infrastructure Private Limited. It launched HIEND Residential project "Enigma-Fragrance of life" at Ahmadabad on 28th May,2011. During 2013-14, the Company commenced Ajmera Zeon project comprising of 5.32 Lacs Sq. ft of area at Wadala, Mumbai and also declared project named "Treon" at Wadala comprising approx 5.32 Lacs q. ft of area. It acquired 100% stake in the Ajmera Realty Ventures Private Limited and as a result, the said subsidiary has acquired 50% stake in Sumedha Spacelinks LLP in partnership with Sheetal Infrastructure Private Limited. It launched three prime projects Aeon, Zeon & Treon at i-LAND, Wadala. As on 1st April,2014 , Company acquired 100% stake in the Ajmera Realcon Private Limited and resultant, the said subsidiary acquired 50% stake in Amisha Buildcon Pvt. Ltd. which has project in Khidkali, Thane Dist. During 2015, a wholly owned subsidiary, Ajmera Corporation UK Limited was incorporated on 17th December, 2015 to explore the real estate expansion opportunities in UK. A wholly owned subsidiary named, Radha Raman Dev Ventures Private Limited was incorporated on 5th October, 2015 to explore the real estate expansion. The Company acquired 70% stake in Ajmera Infra Development LLP, to undertake Infra Projects especially focusing on Government tenders, bidding and leading infra projects in 2017-18. The Company acquired 84.90% stake in Anirdesh Developers LLP. It invested Rs. 5 Crores in equity capital of Modulex Modular Building Private Limited during 2018-19. During 2019-20, the Company acquired 80% stake in Shree Yogi Realcon Private Limited. The Company launched Ajmera Greenfinity in March, 2021 and Ajmera Manhattan Project in April, 2022.

Registered Address

Citi Mall Link Road, Andheri (West), Mumbai, Maharashtra, 400053

Tel : 91-22-66984000
Email : investors:ajmera.com
Website : http://www.aril.co.in

Sharex (India) Pvt. Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 513349
Book Closure Date (Month) :
BSE Group : B
ISIN : INE298G01027

FAQ’s on Ajmera Realty & Infra India Ltd Shares

You can buy Ajmera Realty & Infra India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ajmera Realty & Infra India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:55 PM the closing price of Ajmera Realty & Infra India Ltd was ₹ 381.05.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:55 PM, the market cap of Ajmera Realty & Infra India Ltd stood at ₹ 1,352.16.

The latest PE ratio of Ajmera Realty & Infra India Ltd as of Oct 03, 2023 03:55 PM is 16.66

The latest PB ratio of Ajmera Realty & Infra India Ltd as of Oct 03, 2023 03:55 PM is 0.57

The 52-week high of Ajmera Realty & Infra India Ltd is ₹ 414.30 while the 52-week low is ₹ 232.90

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