Ajmera Realty
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Ajmera Realty & Infra India Limited's recent performance underscores a robust outlook, driven by management's confidence in the real estate sector's resilience and strategic land bank utilization. Key developments include the unlocking of the Wadala land bank, projected at INR 13,194 crores GDV, and a strong FY27 launch pipeline valued at INR 6,324 crores, which collectively enhance revenue visibility to INR 10,432 crores. Management's guidance of INR 2,200 crores in presales and INR 1,800 crores in new project additions for FY27 aligns with Vista's forecast of stable margins and moderate revenue growth. However, potential geopolitical tensions and regulatory hurdles, particularly concerning the Kanjurmarg project, pose risks to execution timelines. The macro environment remains favorable, with strong domestic fundamentals supporting the real estate sector's growth trajectory. Over the next 12-24 months, Ajmera's strategic focus on disciplined execution and financial prudence will be critical. Key opportunities include the expansion of its geographical presence and the fast-tracking of project launches, while headwinds may arise from macroeconomic fluctuations and execution challenges in large-scale developments
Why We Like This Stock
- Unlocking the Wadala land bank is expected to significantly enhance revenue visibility and growth potential
- Management's strong presales and project addition targets for FY27 indicate confidence in operational execution
- The favorable macroeconomic environment supports the real estate sector's growth trajectory
Things To Watch Out For
- Geopolitical tensions may lead to market caution and potential delays in project sales closures
- Regulatory hurdles could impact the timely launch of key projects like Kanjurmarg
- Execution challenges associated with large-scale developments may pose risks to achieving growth targets
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 700 | 738 | 1,090 | 1,204 | 1,563 |
| Profit Before Tax (Cr.) | 139 | 165 | 229 | 248 | 339 |
| PBT Margin | 19.8% | 22.3% | 2100.9% | 20.6% | 21.7% |
| Net Profit (Cr.) | 104 | 123 | 156 | 170 | 222 |
| Earnings Per Share | 5.2 | 6.3 | 7.6 | 8.3 | 11.3 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Emkay Global | ▲ Buy | 175 | 10-Jun-2026 |
Company Overview
Show Company Profile
Ajmera Realty & Infra India Limited, together with its subsidiaries, engages in the real estate development business in India. The company constructs and develops residential and commercial projects, including apartments, schools, retail and malls, and office spaces, as well as land development projects. It serves individual homebuyers, families, corporate clients, institutional investors, and government agencies. The company was founded in 1968 and is based in Mumbai, India. Ajmera Realty & Infra India Limited is a subsidiary of Ariil Trust.