Ajmera Realty & INF I Ltd

NSE: AJMERA · Residential, Commercial Projects · sector

₹123.86NSE close 2026-10-26

Key numbers

Market cap₹2,438 cr

Price₹123.86

52w high / low₹221 / ₹98

P/E18.1xSector median 18.7x

P/B1.8xSector median 1.4x

Book value₹71.1

Dividend yield0.72%Sector median 0.54%

ROE12.1%Sector median 5.5%

ROCE15.0%Sector median 6.5%

OPM27.1%Sector median 12.1%

Debt / equity0.51xSector median 0.36x

EV/EBITDA9.7xSector median 17.7x

Interest cover3.8x

Current ratio6.28x

Sales growth 3y+36.2%Sector median +16.6%

Profit growth 3y+28.0%Sector median +28.0%

PEG0.78x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹116 cr vs borrowings ₹711 cr (FY26): borrowings are higher by ₹595 cr.
Operating profit covered interest 3.8x in the last 12 months.
0.02% of the promoters' shares are pledged (0.0% of all shares).
Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 6% of net profit in the last 12 months.
Debtor days went from 112 (FY24) to 142 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹123.86 on 2026-10-26: -44.1% from the 52-week high, +26.3% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹185.05 · low ₹100.87

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	200	193	151	259	219	182	431	317
EBITDA	60	63	43	78	58	55	107	91
OPM %	30.2%	32.5%	28.6%	30.3%	26.5%	30.4%	24.8%	28.8%
Other income	4	6	2	1	2	2	3	3
Net profit	36	33	25	38	31	28	56	43
EPS (₹)	1.95	1.81	1.28	1.95	1.54	0.26	2.83	2.19
Revenue YoY					+9.5%	-5.8%	+184.8%	+22.6%
Profit YoY					-13.9%	-16.0%	+119.9%	+12.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	483	431	700	738	1,090	1,149
EBITDA	116	124	201	231	298	312
Net profit	45	72	103	126	150	158
EPS (₹)	2.55	4.04	5.79	6.80	7.61	6.82
Revenue growth		-10.7%	+62.4%	+5.4%	+47.8%	+43.1%
Profit growth		+57.5%	+43.8%	+22.5%	+18.9%	+18.6%
Dividend / share (₹)	1.40	2.25	3.00	4.00	4.50

Compounded growth	3 years	5 years	Last 12 months
Sales	+36.2%	+25.8%	+43.1%
Net profit	+28.0%	+37.8%	+18.6%
EPS	+23.5%	+34.3%	–
Share price	–	-16.1% (2y)	-39.5%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	774	866	1,207	1,398
Borrowings	–	826	808	676	711
Cash & equivalents	–	51	128	133	116
Total assets	–	1,922	1,963	2,255	2,594
Fixed assets	–	27	29	35	64
Capital work in progress	–	0	0	0	0
Investments	–	55	99	93	91
Receivables	–	137	215	316	424
Inventory	–	1,175	1,157	1,292	1,495
Payables	–	38	37	59	57

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-151	-36	220	8	68
Cash from investing	33	-5	-72	3	-48
Cash from financing	152	44	-97	-15	-56
Capex	2	0	3	0	29
Free cash flow	-154	-36	217	8	40

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	9.2%	11.9%	10.4%	10.7%
ROCE %	–	8.3%	12.4%	12.9%	14.3%
Debtor days	–	116	112	156	142
Inventory days	–	1,486	923	1,007	746
Payable days	–	48	30	46	28
Cash conversion cycle (days)	–	1,554	1,005	1,117	860
Working capital days	–	1,155	764	793	630

Shareholding

Holder	% (2026-09-30)
Promoters	68.56%
FIIs	0.77%
DIIs	0.86%
of which Mutual funds	0.00%
Public (non-institutions)	29.81%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	68.23%	68.23%	68.23%	68.23%	68.23%	68.23%	68.56%	68.56%

Promoter group	%
ARIIL TRUST represented by Shashikant S. Ajmera, Rajnikant S. Ajmera, Manoj I. Ajmera, Trustee	54.59%
Fahrenheit FUN and Games Private Limited	4.00%
Chhotalal Shamalji Ajmera	3.81%
Chhotalal S Ajmera HUF	1.97%
Ishwarlal S Ajmera HUF .	1.15%
Rushabh Investment Private Limited	0.78%
Charmi Paras Parekh	0.64%
Henali Jayant Ajmera	0.63%
Bhanumati C Ajmera	0.53%
Dhaval Rajnikant Ajmera	0.13%
Bombay Freezco Private Limited	0.10%
Manoj I Ajmera	0.09%
Sanjay C Ajmera	0.05%
Atul C Ajmera	0.05%
Sonal Bimal Mehta	0.01%

Public holders above 1%	%
Authum Investment and Infrastructure Limited	1.95%
Mukul Mahavir Agrawal	1.93%
Minosha India Limited	1.27%

27,999 shareholders. Pledged: 0.02% of promoter shares.

Peers in Residential, Commercial Projects

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
DLF	₹1,63,939 cr	35.9x	3.6x	10.3%	6.3%	14.8%	+12.9%	0.90%
LODHA	₹97,912 cr	23.7x	4.2x	19.0%	17.9%	32.2%	+20.8%	0.43%
PHOENIXLTD	₹67,737 cr	52.9x	6.2x	11.9%	15.4%	59.1%	+18.8%	0.13%
PRESTIGE	₹60,152 cr	52.8x	3.7x	7.2%	10.5%	28.1%	+15.1%	0.12%
OBEROIRLTY	₹57,522 cr	21.9x	3.0x	14.7%	16.9%	57.1%	+12.8%	0.51%
GODREJPROP	₹45,942 cr	28.7x	2.4x	8.8%	6.9%	-7.7%	+31.6%	–
BRIGADE	₹17,781 cr	25.6x	2.6x	11.2%	10.9%	27.0%	+18.3%	0.35%
ANANTRAJ	₹16,514 cr	27.8x	2.9x	11.6%	11.1%	27.0%	+37.9%	0.15%
SOBHA	₹12,247 cr	64.1x	2.6x	4.1%	6.5%	6.5%	+16.2%	0.26%
AJMERA	₹2,438 cr	18.1x	1.8x	12.1%	15.0%	27.1%	+36.2%	0.72%

All 141 companies in Residential, Commercial Projects →

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-16	Dividend	Dividend - Re 1 Per Share
2026-01-14	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
2025-09-02	Dividend	Dividend - Rs 4.50 Per Share
2024-08-02	Dividend	Dividend - Rs 4 Per Share
2024-08-02	Restructuring	Demerger
2023-08-04	Dividend	Dividend - Rs 3 Per Share
2022-08-11	Dividend	Dividend - Rs 2.25 Per Share
2021-09-08	Other	Annual General Meeting
2021-09-08	Dividend	Dividend - Rs 1.40 Per Share
2020-09-24	Dividend	Annual General Meeting/Dividend - Rs 1.40 Per Share
2019-09-24	Dividend	Annual General Meeting/Dividend - Rs 3.3 Per Share
2018-09-14	Dividend	Annual General Meeting/Dividend Rs 3.30 Per Share
2017-09-21	Dividend	Annual General Meeting/Dividend - Rs 3/- Per Share (Book Closure Date Revised)
2016-08-18	Dividend	Annual General Meeting/ Dividend - Re 0.80/- Per Share
2016-03-16	Dividend	Interim Dividend - Rs 1.70/- Per Share (Purpose Revised)
2015-09-16	Dividend	Annual General Meeting/ Dividend - Rs 1.70 Per Share (Purpose Revised)
2014-09-18	Dividend	Annual General Meeting / Dividend - Re 1.50/- Per Share
2013-09-19	Dividend	Annual General Meeting / Dividend Rs.1.50 Per Share
2012-09-20	Dividend	Annual General Meeting/Dividend Rs.1.70 Per Share
2011-09-22	Dividend	Annual General Meeting And Dividend Rs.1.40 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Real Estate Development: Real Estate Development


Sector	Consumer Discretionary
Industry	Residential, Commercial Projects
Sub-industry	Residential, Commercial Projects
Symbol	AJMERA
BSE code	513349
ISIN	INE298G01035
Face value	₹2.0
Incorporated	1985-03-18
Website	https://ajmera.com
Plants (India / abroad)	0 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.