AJMERA

Ajmera Realty & Infra India Limited

Residential and commercial real estate developer with redevelopment-led township projects

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

ajmera.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹127.48
Market cap
2,507 Cr
Stock P/E
16.2
P/B
1.79
Dividend yield
0.7%
ROE (FY26)
9.9%
ROCE (FY26)
13.5%
Operating margin (FY26)
27.0%
Debt / equity (FY26)
0.51
OCF / EBITDA (FY26)
23.0%
OCF / EBITDA (3Y)
40.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Ajmera Realty (Ajmera Realty & Infra India) develops residential and commercial property, mainly in Mumbai, selling apartments and offices to buyers across premium, compact luxury and affordable segments.

Company snapshot

33rdBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales145 Cr207 Cr232 Cr194 Cr200 Cr193 Cr151 Cr259 Cr219 Cr182 Cr431 Cr317 Cr
Operating expenses (approx.)108 Cr147 Cr166 Cr129 Cr140 Cr130 Cr108 Cr180 Cr161 Cr127 Cr324 Cr226 Cr
EBITDA38 Cr60 Cr66 Cr64 Cr60 Cr63 Cr43 Cr78 Cr58 Cr55 Cr107 Cr91 Cr
OPM %26.0%29.0%28.6%33.2%30.2%32.5%28.6%30.3%26.5%30.4%24.8%28.8%
Other income2 Cr2 Cr2 Cr2 Cr4 Cr6 Cr2 Cr1 Cr2 Cr2 Cr3 Cr3 Cr
Interest10 Cr21 Cr28 Cr23 Cr18 Cr24 Cr12 Cr21 Cr17 Cr14 Cr22 Cr30 Cr
Depreciation0.31 Cr0.66 Cr0.45 Cr0.87 Cr0.51 Cr0.70 Cr0.96 Cr1 Cr0.85 Cr1 Cr1 Cr2 Cr
Profit before tax29 Cr41 Cr39 Cr42 Cr47 Cr45 Cr34 Cr56 Cr43 Cr42 Cr87 Cr62 Cr
Tax %21.7%26.2%26.4%24.5%22.0%25.6%25.8%31.7%27.0%33.5%32.7%27.6%
Net profit23 Cr30 Cr29 Cr31 Cr36 Cr33 Cr25 Cr38 Cr31 Cr28 Cr59 Cr45 Cr
EPS (₹)₹6.26₹8.59₹8.14₹8.86₹9.77₹9.05₹6.42₹9.73₹7.72₹1.30₹2.83₹2.19

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales277 Cr370 Cr382 Cr344 Cr347 Cr483 Cr431 Cr700 Cr738 Cr1,090 CrSign in free for the trailing twelve months
Operating expenses (approx.)171 Cr231 Cr254 Cr240 Cr251 Cr367 Cr307 Cr499 Cr507 Cr792 CrSign in free for the trailing twelve months
EBITDA107 Cr138 Cr127 Cr104 Cr95 Cr116 Cr124 Cr201 Cr231 Cr298 CrSign in free for the trailing twelve months
OPM %38.6%37.4%33.3%30.3%27.5%24.1%28.9%28.7%31.3%27.4%Sign in free for the trailing twelve months
Other income14 Cr17 Cr19 Cr6 Cr5 Cr6 Cr10 Cr8 Cr15 Cr8 CrSign in free for the trailing twelve months
Interest36 Cr46 Cr50 Cr66 Cr58 Cr59 Cr36 Cr69 Cr76 Cr73 CrSign in free for the trailing twelve months
Depreciation2 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr4 CrSign in free for the trailing twelve months
Profit before tax83 Cr104 Cr93 Cr42 Cr40 Cr61 Cr96 Cr138 Cr167 Cr229 CrSign in free for the trailing twelve months
Tax %20.6%21.1%19.0%22.9%24.0%25.3%25.6%25.3%24.4%31.4%Sign in free for the trailing twelve months
Net profit66 Cr82 Cr75 Cr33 Cr30 Cr45 Cr72 Cr103 Cr126 Cr157 CrSign in free for the trailing twelve months
EPS (₹)₹18.41₹23.33₹21.05₹9.17₹8.71₹12.75₹20.22₹28.94₹34.01₹7.61Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%-11.2%10.4%11.3%11.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital35 Cr35 Cr35 Cr35 Cr35 Cr35 Cr35 Cr35 Cr39 Cr39 Cr
Reserves469 Cr527 Cr588 Cr608 Cr634 Cr674 Cr738 Cr830 Cr1,167 Cr1,359 Cr
Borrowings178 Cr358 Cr794 Cr866 Cr754 Cr868 Cr826 Cr808 Cr676 Cr711 Cr
Other liabilities662 Cr532 Cr367 Cr358 Cr372 Cr339 Cr203 Cr162 Cr255 Cr364 Cr
Total liabilities1,416 Cr1,536 Cr1,880 Cr1,972 Cr1,897 Cr2,018 Cr1,922 Cr1,963 Cr2,255 Cr2,594 Cr
Fixed assets (net)28 Cr27 Cr29 Cr34 Cr56 Cr25 Cr27 Cr29 Cr35 Cr64 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments22 Cr24 Cr41 Cr67 Cr50 Cr25 Cr66 Cr110 Cr124 Cr120 Cr
Loans & advances——47 Cr43 Cr0.20 Cr5 Cr12 Cr8 Cr26 Cr48 Cr
Inventories734 Cr759 Cr969 Cr1,000 Cr910 Cr999 Cr1,175 Cr1,157 Cr1,292 Cr1,495 Cr
Trade receivables130 Cr178 Cr192 Cr210 Cr179 Cr264 Cr137 Cr215 Cr316 Cr424 Cr
Cash & bank15 Cr4 Cr16 Cr8 Cr25 Cr23 Cr27 Cr78 Cr69 Cr33 Cr
Other assets488 Cr543 Cr586 Cr610 Cr676 Cr678 Cr477 Cr367 Cr392 Cr409 Cr
Total assets1,416 Cr1,536 Cr1,880 Cr1,972 Cr1,897 Cr2,018 Cr1,922 Cr1,963 Cr2,255 Cr2,594 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity59 Cr-116 Cr-345 Cr-18 Cr196 Cr-151 Cr-36 Cr220 Cr8 Cr69 Cr
Cash from investing14 Cr-4 Cr-5 Cr11 Cr-9 Cr33 Cr-5 Cr-72 Cr3 Cr-48 Cr
Cash from financing-69 Cr109 Cr363 Cr-0.77 Cr-170 Cr152 Cr44 Cr-97 Cr-15 Cr-56 Cr
Net cash flow5 Cr-11 Cr12 Cr-7 Cr17 Cr34 Cr4 Cr51 Cr-5 Cr-36 Cr
Free cash flow (OCF − Capex)55 Cr-120 Cr-350 Cr-25 Cr174 Cr-151 Cr-36 Cr217 Cr8 Cr40 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.8%15.0%9.5%6.7%6.4%7.1%7.7%11.5%12.1%13.5%
ROE %11.3%12.7%10.5%4.4%3.9%5.6%8.0%10.3%9.5%9.9%
Debtor days171176183223188199116112156142
Inventory days9621510156817111467107412679191144717
Days payable451178258464541295227
Cash conversion cycle108815681669187616091228134210011247831
OCF / EBITDA %55.5%-83.9%-271.7%-17.1%205.1%-130.2%-28.6%109.2%3.3%23.0%
OCF / EBITDA % (3 years)——-107.9%-129.6%-51.2%8.4%2.7%7.5%34.5%40.5%
Debt / equity0.350.641.271.341.131.221.070.930.560.51
Current ratio2.324.208.475.585.405.4613.4010.195.966.28
Net debt / EBITDA1.53—6.128.217.647.276.423.632.632.27